Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

Axiscades Engineering Technologies / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/axiscades-engineering-technologies-ltd" target="_blank" data-smartkarma-citation="entities:17314:1" rel="noopener">Axiscades Engineering Technologies (AXET IN)</a> provides comprehensive engineering and technology solutions for global manufacturers in diverse sectors such as aerospace, defence, automotive, energy, electronics, and heavy engineering. </li>
<li>The acquisition of Mistral Solutions using deferred consideration has helped the group grow its turnover and net profit during the last six years </li>
<li>Our concerns stem from the current vacuum in top management due to exits of senior personnel in spite of high remuneration levels, risk of goodwill impairment, few questionable transactions, etc.</li>
</ul>



Axiscades Engineering Technologies (AXET IN) provides comprehensive engineering and technology solutions for global manufacturers in diverse sectors such as aerospace, defence, automotive, energy, electronics, and heavy engineering. 
The acquisition of Mistral Solutions using deferred consideration has helped the group grow its turnover and net profit during the last six years 
Our concerns stem from the current vacuum in top management due to exits of senior personnel in spite of high remuneration levels, risk of goodwill impairment, few questionable transactions, etc.


Axiscades Technologies Ltd- Forensic Analysis

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Equity Bottom-Up

<ul>
<li>This insight explores the semiconductor industry's fundamental building blocks, focusing on India's role and target segments within the value chain.</li>
<li>The Indian government has committed INR 76,000 crore to establish a self-reliant semiconductor manufacturing ecosystem.</li>
<li>Key investments are being made in semiconductor manufacturing, focusing on design, assembly, testing, and packaging capabilities.</li>
</ul>


This insight explores the semiconductor industry's fundamental building blocks, focusing on India's role and target segments within the value chain.
The Indian government has committed INR 76,000 crore to establish a self-reliant semiconductor manufacturing ecosystem.
Key investments are being made in semiconductor manufacturing, focusing on design, assembly, testing, and packaging capabilities.


Thematic Building Block | India's Semiconductor Push

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/gail-india-ltd" target="_blank" data-smartkarma-citation="entities:15263:1" rel="noopener">Gail India (GAIL IN)</a> to Invest Rs 60,000 Crore in Ethane Cracker Project in Madhya Pradesh.</li>
<li>
<a href="https://www.smartkarma.com/entities/suzlon-energy-ltd" target="_blank" data-smartkarma-citation="entities:1073:1" rel="noopener">Suzlon Energy (SUEL IN)</a> Director Resigns Citing Governance Concerns in his letter</li>
<li>Masdar, <a href="https://www.smartkarma.com/entities/jsw-energy-ltd" target="_blank" data-smartkarma-citation="entities:14949:1" rel="noopener">JSW Energy Ltd (JSW IN)</a>, <a href="https://www.smartkarma.com/entities/torrent-power-ltd" target="_blank" data-smartkarma-citation="entities:17884:1" rel="noopener">Torrent Power (TPW IN)</a> , and More Eye Enel's Indian Assets</li>
</ul>



Gail India (GAIL IN) to Invest Rs 60,000 Crore in Ethane Cracker Project in Madhya Pradesh.

Suzlon Energy (SUEL IN) Director Resigns Citing Governance Concerns in his letter
Masdar, JSW Energy Ltd (JSW IN), Torrent Power (TPW IN) , and More Eye Enel's Indian Assets


#11 India Insight: GAIL 60000Cr Project, Paytm Layoff, Suzlon CG Issues, Axiscades Drone Order

India

AXISCADES Engineering Technologies Limited is a technology solutions provider, catering to the futuristic needs of the aerospace, defense, heavy engineering, automotive and industrial production sectors.

Axiscades Engineering Technologies (AXET IN)

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Axiscades Engineering Technologies (AXET IN)

Axiscades Technologies Ltd- Forensic Analysis

Axiscades provides engineering solutions for global manufacturers, with recent growth attributed to the acquisition of Mistral Solutions. Concerns...

Nitin Mangal

Thematic Building Block | India's Semiconductor Push

India is investing heavily in its semiconductor industry to establish a self-reliant manufacturing ecosystem, with a focus on key segments within...

Pranav Bhavsar

#11 India Insight: GAIL 60000Cr Project, Paytm Layoff, Suzlon CG Issues, Axiscades Drone Order

Gail India to invest Rs 60,000 crore in ethane cracker project, Suzlon Energy director resigns over governance concerns, Masdar, JSW Energy,...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Axiscades Technologies Ltd- Forensic Analysis

​Axiscades provides engineering solutions for global manufacturers, with recent growth attributed to the acquisition of Mistral Solutions. Concerns...

Nitin Mangal

Thematic Building Block | India's Semiconductor Push

​India is investing heavily in its semiconductor industry to establish a self-reliant manufacturing ecosystem, with a focus on key segments within...

Pranav Bhavsar

#11 India Insight: GAIL 60000Cr Project, Paytm Layoff, Suzlon CG Issues, Axiscades Drone Order

​Gail India to invest Rs 60,000 crore in ethane cracker project, Suzlon Energy director resigns over governance concerns, Masdar, JSW Energy,...

Sudarshan Bhandari

Axiscades provides engineering solutions for global manufacturers, with recent growth attributed to the acquisition of Mistral Solutions. Concerns...

India is investing heavily in its semiconductor industry to establish a self-reliant manufacturing ecosystem, with a focus on key segments within...

Gail India to invest Rs 60,000 crore in ethane cracker project, Suzlon Energy director resigns over governance concerns, Masdar, JSW Energy,...