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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/olectra-greentech-ltd" target="_blank" data-smartkarma-citation="entities:40365:1" rel="noopener">Olectra Greentech (OLECTRA IN)</a> , part of the MEIL Group, has transformed from a power insulator manufacturer into a pioneer and leading player in India's electric mobility segment.</li>
<li>The company is primarily known as the largest pure-electric bus manufacturer in India, operating through a long-term technology partnership with China's BYD Auto Industry Co Ltd.</li>
<li>Heavy reliance of the company on its associates for the sale of EVs, along with supplier concentration warrants attention. However, cash flow generation is improving, which is a positive</li>
</ul>



Olectra Greentech (OLECTRA IN) , part of the MEIL Group, has transformed from a power insulator manufacturer into a pioneer and leading player in India's electric mobility segment.
The company is primarily known as the largest pure-electric bus manufacturer in India, operating through a long-term technology partnership with China's BYD Auto Industry Co Ltd.
Heavy reliance of the company on its associates for the sale of EVs, along with supplier concentration warrants attention. However, cash flow generation is improving, which is a positive


Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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

Equity Bottom-Up

Tata Motors Passenger Vehicles / Equity Bottom-Up

<ul>
<li>Tata Motors restructures, separating passenger and commercial vehicle businesses into distinct entities to unlock value in electric vehicles and Jaguar Land Rover unit.</li>
<li>Streamlines operations, enhances shareholder value, and capitalizes on growth opportunities in passenger and commercial vehicle sectors.</li>
<li>Offers investors specialized entities, unlocking hidden value, showcasing proactive adaptation to market changes, and positioning for sustainable growth in the automotive industry.</li>
</ul>


Tata Motors restructures, separating passenger and commercial vehicle businesses into distinct entities to unlock value in electric vehicles and Jaguar Land Rover unit.
Streamlines operations, enhances shareholder value, and capitalizes on growth opportunities in passenger and commercial vehicle sectors.
Offers investors specialized entities, unlocking hidden value, showcasing proactive adaptation to market changes, and positioning for sustainable growth in the automotive industry.


Decoding Tata Motors Demerger: The Way Ahead

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

<ul>
<li>We recently visited a <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a>  showroom in Ahmedabad, with the objective of understanding the preference for Electric Vehicles in India.</li>
<li>Pitched as the "Tata" of China, BYD offers 2 models ATTO 3 and e6 in India. </li>
<li>Considering <a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> India interest, and <a href="https://www.smartkarma.com/entities/mahindra-mahindra-ltd" target="_blank" data-smartkarma-citation="entities:16441:1" rel="noopener">Mahindra &amp; Mahindra (MM IN)</a> big bet on EV, BYD's current operations in India seem to be minuscule and may find little success.</li>
</ul>


We recently visited a BYD (1211 HK)  showroom in Ahmedabad, with the objective of understanding the preference for Electric Vehicles in India.
Pitched as the "Tata" of China, BYD offers 2 models ATTO 3 and e6 in India. 
Considering Tesla Motors (TSLA US) India interest, and Mahindra &amp; Mahindra (MM IN) big bet on EV, BYD's current operations in India seem to be minuscule and may find little success.


BYD (1211 HK) | Takeaways from India Showroom Visit | "Tata" Of China

India

Olectra Greentech Limited manufactures automobiles. The Company produces and supplies electric buses using silicon rubber polymer composite insulators. Olectra Greentech serves customers in India.

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Olectra Greentech (OLECTRA IN)

Olectra Greentech Ltd- Forensic Analysis

Olectra has evolved from a power insulator manufacturer to a key player in India's E- Mobility sector. But there are key business risks involved,...

Nitin Mangal

Decoding Tata Motors Demerger: The Way Ahead

A Detailed Analysis of Tata Motors Demerger to unlock value in EV and JLR, streamlining operations and enhancing shareholder value in passenger...

Nimish Maheshwari

BYD (1211 HK) | Takeaways from India Showroom Visit | "Tata" Of China

BYD's presence in India's electric vehicle market may struggle to gain traction compared to Tesla and Mahindra & Mahindra due to its limited...

Pranav Bhavsar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Olectra Greentech Ltd- Forensic Analysis

​Olectra has evolved from a power insulator manufacturer to a key player in India's E- Mobility sector. But there are key business risks involved,...

Nitin Mangal

Decoding Tata Motors Demerger: The Way Ahead

​A Detailed Analysis of Tata Motors Demerger to unlock value in EV and JLR, streamlining operations and enhancing shareholder value in passenger...

Nimish Maheshwari

BYD (1211 HK) | Takeaways from India Showroom Visit | "Tata" Of China

​BYD's presence in India's electric vehicle market may struggle to gain traction compared to Tesla and Mahindra & Mahindra due to its limited...

Pranav Bhavsar

Olectra has evolved from a power insulator manufacturer to a key player in India's E- Mobility sector. But there are key business risks involved,...

A Detailed Analysis of Tata Motors Demerger to unlock value in EV and JLR, streamlining operations and enhancing shareholder value in passenger...

BYD's presence in India's electric vehicle market may struggle to gain traction compared to Tesla and Mahindra & Mahindra due to its limited...