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

United Spirits Update: All Round Progress

India-UK FTA: Can Be Game-Changer for Liquor Industry

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 Bottom-Up

<p><a href="https://www.smartkarma.com/entities/united-spirits-ltd" target="_blank" data-smartkarma-citation="entities:5146:1" rel="noopener">United Spirits (UNSP IN)</a> was undergoing process of balance sheet cleansing and cleaning since last 3-4 years as we discussed in few of our previous insights <a href="https://www.smartkarma.com/insights/usl-dream-run-has-just-begun" target="_blank" data-smartkarma-citation="insights:36137" rel="noopener">USL: Dream Run Has Just Begun</a> and post that the company was focused on reduction of debts, effective working capital management, product portfolio realignment etc. </p><p>Ms. Hina Nagarajan has taken over the position of chief executive officer (CEO) from April 1, 2021. During this quarter the strategies implemented by her has started showing fruits and first time she has presented the detailed strategy "Strategy Refresh" a future way for the company.  </p>

United Spirits (UNSP IN) was undergoing process of balance sheet cleansing and cleaning since last 3-4 years as we discussed in few of our previous insights USL: Dream Run Has Just Begun and post that the company was focused on reduction of debts, effective working capital management, product portfolio realignment etc. Ms. Hina Nagarajan has taken over the position of chief executive officer (CEO) from April 1, 2021. During this quarter the strategies implemented by her has started showing fruits and first time she has presented the detailed strategy "Strategy Refresh" a future way for the company.  

United Spirits

United Spirits: Strategy Refresh