Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin is founder of Trudence Capital 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 news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

India Channel Insight | Easemytrip, Matrimony.com, Trent

Easy Trip Planners: Unattractive Inspite of High Profitability

[Week 14] Namaste India 🙏 | EASEMYTR IN | Easy Trip's Ghost Franchise?

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

Equity Capital Markets

Easy Trip Planners  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/easemytrip" target="_blank" data-smartkarma-citation="entities:28897:1" rel="noopener">EaseMyTrip (0896537D IN)</a> or Easy Trip Planners Ltd is the third largest player in the Indian Online Travel Agency (OTA) space behind <a href="https://www.smartkarma.com/entities/makemytrip-ltd" target="_blank" data-smartkarma-citation="entities:23580:1" rel="noopener">Makemytrip Ltd (MMYT US)</a> and <a href="https://www.smartkarma.com/entities/yatra-online-inc" target="_blank" data-smartkarma-citation="entities:25997:1" rel="noopener">Yatra Online (YTRA US); </a>in fact it has surpassed Yatra in the number of gross booking volumes (air ticketing) for F20.</p>
<p>The company has planned to come up with an IPO of INR 5.1 bn this week; the IPO does not entail fresh issue of shares but rather only comprises of offer for sale by the promoters. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance and balance sheet checks which one must know about. </p>

EaseMyTrip (0896537D IN) or Easy Trip Planners Ltd is the third largest player in the Indian Online Travel Agency (OTA) space behind Makemytrip Ltd (MMYT US) and Yatra Online (YTRA US); in fact it has surpassed Yatra in the number of gross booking volumes (air ticketing) for F20.
The company has planned to come up with an IPO of INR 5.1 bn this week; the IPO does not entail fresh issue of shares but rather only comprises of offer for sale by the promoters. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance and balance sheet checks which one must know about. 

Easy Trip Planners

EaseMyTrip IPO: Not so Easy on the Eye