Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

Narrative and Numbers | Electronics Retail | FY24

Narrative and Numbers | Household Durables | FY24

Narrative and Numbers | Housing Finance - PSUs | FY24

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

Thematic (Sector/Industry)

India Household durables / Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/aditya-vision-ltd" target="_blank" data-smartkarma-citation="entities:40299:1" rel="noopener">Aditya Vision (AVL IN)</a> and <a href="https://www.smartkarma.com/entities/electronics-mart-india-ltd" target="_blank" data-smartkarma-citation="entities:40300:1" rel="noopener">Electronics Mart India (EMIL IN)</a> are two organized regional players in the consumer durables industry with a rapid growth in the last year.</li>
<li>AVL carries several governance setbacks, including nomination and remuneration of directors and shareholding, along with some irregularities across balance sheet line items and cash management woes.</li>
<li>EMIL even though relatively better on the disclosure side has its own threats to the balance sheet, which includes litigations scare, trademark filing.</li>
</ul>



Aditya Vision (AVL IN) and Electronics Mart India (EMIL IN) are two organized regional players in the consumer durables industry with a rapid growth in the last year.
AVL carries several governance setbacks, including nomination and remuneration of directors and shareholding, along with some irregularities across balance sheet line items and cash management woes.
EMIL even though relatively better on the disclosure side has its own threats to the balance sheet, which includes litigations scare, trademark filing.


India Household Durables

Aditya Vision, EMIL- Forensic Analysis