Bansal Wire Industries · Analyst questions, management answers, and the quality of the response where the ledger is available.
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Questions audited
11
Answered directly
82%
Numeric claims
1
Consistency
contradicted
Question ledger
Kunal Sharma · Vertors Research and Advisers
partialactually we have already intimated the stock exchange now Everything has been sorted out and there is no demand right now and a little bit demand little bit demand is there and we have already filed appeal to the higher authority
Kunal Sharma · Vertors Research and Advisers
directWe started this product in Q3. We've already received some customer approvals and this month we are looking at maybe a 20% capacity utilization. Our revised target for this year is to reach about 40% capacity utilization.
Kunal Sharma · Vertors Research and Advisers
directIn the last quarter we have capitalized all interest cost we have capitalized all investments. Therefore you see a jump in depreciation as well as interest. Although our cash profit has increased by 15-20%. But PAT level does not reflect that because of higher depreciation.
Vinit · Invest
evasiveThat was in fact our target for Q3 but Q3 has not although we have shown good results in Q3 but it could still have been better because of October November we lost some volumes because of labor shortages. I would like to stick with my guidance.
Vinit · Invest
directFor the next year our target was 350 crores. I think that is still intact. Looking at what we did in this year we should be able to achieve that easily as well. This will come from a lot of discounting and other provisions.
Vinit · Invest
directWe are behind by a month because of some approvals that we've now received from the insurance companies to start production. But other than that I see no major change there. Q2 Q3 is our target still for starting supplies of steel cord.
Adit Pal · MSA Capital Partners
directThere are two parts to this consolidation. First on financials that has been consolidated last year. The only thing that is left right now is that there is still some production happening in those two entities in the older plants. But that is only being done for Bansal.
HA · Dalal and Brocha
partialI do not have numbers of asset turn of each category right now but yes low carbon even though it is a lower EBITDA per ton business the asset turns are generally better. Low carbon asset turnover would be about two to two and a half times of our general high carbon portfolio.
Parts (Paras) · Anandrati
directThese are two very unviable and very old facilities. Right now we are only running it just to service the market because we don't want to lose our customers. As and when we are able to shift our capacities, I think this will just shut down.
Parts (Paras) · Anandrati
directWe have already posted an exceptional loss of 1.5 cr that was due to the inventory loss in the fire which we've estimated. Everything else was insured. We do not expect anything material to happen in Q4 as well.
Parts (Paras) · Anandrati
directRight now out of our capacity of 6 lakh 20,000 tons I would say about 55-60% is low carbon, 20% would be stainless steel and the rest will be high carbon. Going forward also we are looking at similar numbers.
Kunal Sharma · Vertors Research and Advisers
directBeadwire we've already started and this was planned for the Dadri facility not in the Sanand plant. In Sanand it is more low carbon and stainless steel. 50% of the land was for backward integration, 50% for wire. We are utilizing that 50% as of now.
