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>Panache DigiLife Limited is an ICT &amp; IoT devices design, manufacturing, distribution and services company.  </li>
<li>Company’s accounting policy for non-provisioning of old receivables seems to be aggressive. Poor capital allocation resulted in fragile financial health. </li>
<li>Concentration risk with sales from single customer accounting for 55% of revenue to be major areas of concern.</li>
</ul>


Panache DigiLife Limited is an ICT &amp; IoT devices design, manufacturing, distribution and services company.  
Company’s accounting policy for non-provisioning of old receivables seems to be aggressive. Poor capital allocation resulted in fragile financial health. 
Concentration risk with sales from single customer accounting for 55% of revenue to be major areas of concern.


India

Panache Digilife Limited manufactures computer hardware products. The Company offers telematics, computing, vehicle tracking, and computer systems. Panache Digilife serves customers in India.

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Panache Digilife (PDIGI IN)

Panache Digilife : Forensic Analysis

Panache DigiLife Limited faces financial fragility due to aggressive accounting policies and concentration risk with a single customer accounting...

Nitin Mangal

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52-week Range

Market Cap (USDm)

P/E

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Panache Digilife : Forensic Analysis

​Panache DigiLife Limited faces financial fragility due to aggressive accounting policies and concentration risk with a single customer accounting...

Nitin Mangal

Panache DigiLife Limited faces financial fragility due to aggressive accounting policies and concentration risk with a single customer accounting...