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

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

Jyoti CNC Automation / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jyoti-cnc-automation" target="_blank" data-smartkarma-citation="entities:40154:1" rel="noopener">Jyoti CNC Automation (0907734D IN)</a> plans to come up with ~INR 10 bn IPO</li>
<li>JCAL is an established player in manufacturing of metal cutting CNC machines, mostly in 5-Axis category. It has 8% market share in India and is 12th largest global player.</li>
<li>Even though JCAL has bright order book visibility, it remains unprofitable, largely because of concerns with subsidiaries.</li>
</ul>



Jyoti CNC Automation (0907734D IN) plans to come up with ~INR 10 bn IPO
JCAL is an established player in manufacturing of metal cutting CNC machines, mostly in 5-Axis category. It has 8% market share in India and is 12th largest global player.
Even though JCAL has bright order book visibility, it remains unprofitable, largely because of concerns with subsidiaries.


Jyoti CNC Automation

Jyoti CNC IPO- Forensic Analysis