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

Fishing in Muddy Waters: Radico Khaitan Hits a Low as India Spirits Stumbles. Look for Value

<p><a href="https://www.smartkarma.com/entities/radico-khaitan-ltd" target="_blank" data-smartkarma-citation="entities:20842:1">Radico Khaitan (RDCK IN)</a> is the company which is trying to reduce debts every year, in the past three years the company has been able to reduce its debt-equity ratio from 1.0 in F16 to 0.25 in F19. The Company is able to do so because of lower raw material prices and is also been boosted by lower interest expenses. The company has already completed major capex, so it will lead to a strong balance sheet going forward.</p>

Radico Khaitan (RDCK IN) is the company which is trying to reduce debts every year, in the past three years the company has been able to reduce its debt-equity ratio from 1.0 in F16 to 0.25 in F19. The Company is able to do so because of lower raw material prices and is also been boosted by lower interest expenses. The company has already completed major capex, so it will lead to a strong balance sheet going forward.

Radico Khaitan Limited: On the Path of Getting Debt Free