Indian Accounting Research Analyst, India Independent Insight

Nitin Mangal

Indian Accounting Research Analyst

India Independent Insight

India Independent Insight (Iii), is a collaborative initiative by Nitin Mangal and Pranav Bhavsar. Nitin Mangal is a SEBI registered Independent Analyst (SEBI Reg. INH 000004723) and Pranav Bhavsar is a SEBI registered Investment Advisor (SEBI Reg. INA 000011510). With Iii our endeavor is to deliver Independent & Unbiased research on Indian Mid to large cap companies. Iii typically provides counter consensus views which cover forensic research along with on-ground primary research. Our research process is a combination of a deep dive on accounting, governance and channel checks.

Forensic Accounting

Synergy Green Industries / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/synergy-green-industries-limited" target="_blank" data-smartkarma-citation="entities:36854:1" rel="noopener">Synergy Green Industries (SYGIL IN)</a>  is engaged in the business of foundry i.e., manufacturing of wind turbine casting and other large precision castings.</li>
<li>The company has been quite aggressive regarding its capex in the last few years especially, but the value add of these projects remains to be seen.</li>
<li>Levered balance sheet, volatile business operations coupled with high related party transactions are some of the discomforts on the forensic front.</li>
</ul>



Synergy Green Industries (SYGIL IN)  is engaged in the business of foundry i.e., manufacturing of wind turbine casting and other large precision castings.
The company has been quite aggressive regarding its capex in the last few years especially, but the value add of these projects remains to be seen.
Levered balance sheet, volatile business operations coupled with high related party transactions are some of the discomforts on the forensic front.


Synergy Green Industries- Forensic Analysis