Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research 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

Forensic Accounting

Paras Defence & Space Technologies Ltd. / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/paras-defence-space-technologies-ltd" target="_blank" data-smartkarma-citation="entities:34468:1" rel="noopener">Paras Defence &amp; Space Technologies Ltd. (PARAS IN)</a> is engaged in designing, manufacturing of various products and solutions for Defence &amp; Space Industries. The company launched its IPO in FY22.</li>
<li>The company’s operations and order book has picked up post covid, but revenue trajectory has slowed down. Moreover, inventory bulk up has been helping the margins. </li>
<li>Receivables ageing and provisioning shows concern on overall quality. Moreover, RPT and corp. governance with Promoters also need to be kept an eye on.</li>
</ul>



Paras Defence &amp; Space Technologies Ltd. (PARAS IN) is engaged in designing, manufacturing of various products and solutions for Defence &amp; Space Industries. The company launched its IPO in FY22.
The company’s operations and order book has picked up post covid, but revenue trajectory has slowed down. Moreover, inventory bulk up has been helping the margins. 
Receivables ageing and provisioning shows concern on overall quality. Moreover, RPT and corp. governance with Promoters also need to be kept an eye on.


Paras Defence and Space Technologies- Forensic Analysis

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Equity Bottom-Up

<ul>
<li>Re-Introducing our weekly Namaste India 2.0. This iteration builds on our earlier version and is designed for investors keen to track developments in India.</li>
<li>Nuclear power currently contributes less than 2% of India's total electricity generation, indicating significant room for growth.</li>
<li>Going ahead, with earnings taking center stage, the high valuations commanded by <a href="https://www.smartkarma.com/entities/ishares-msci-india-etf" target="_blank" data-smartkarma-citation="entities:282:1" rel="noopener">iShares MSCI India ETF (INDA US)</a> are likely to get challenged.  </li>
</ul>


Re-Introducing our weekly Namaste India 2.0. This iteration builds on our earlier version and is designed for investors keen to track developments in India.
Nuclear power currently contributes less than 2% of India's total electricity generation, indicating significant room for growth.
Going ahead, with earnings taking center stage, the high valuations commanded by iShares MSCI India ETF (INDA US) are likely to get challenged.  


Namaste India 🙏 | India’s Atomic Ambitions

India

Paras Defence and Space Technologies Limited manufactures defence electronics and space application products. The Company offers defence automation and control, rugged displays, computing, sensors, missil motors, rockets, telescopes, guns, and ammunition, special purpose machineries. Paras Defence and Space Technologies serves customers in India.

Paras Defence & Space Technologies Ltd. (PARAS IN)

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Paras Defence & Space Technologies Ltd. (PARAS IN)

Paras Defence and Space Technologies- Forensic Analysis

PDS post-covid, has seen growth in order book but revenue growth has slowed and inventory has been helping margins. Also, include receivables...

Nitin Mangal

Namaste India 🙏 | India’s Atomic Ambitions

Weekly Namaste India 2.0 for investors tracking India; nuclear power at 2% of electricity generation, room for growth; high valuations of iShares...

Pranav Bhavsar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Paras Defence and Space Technologies- Forensic Analysis

PDS post-covid, has seen growth in order book but revenue growth has slowed and inventory has been helping margins. Also, include receivables...

Nitin Mangal

Namaste India 🙏 | India’s Atomic Ambitions

​Weekly Namaste India 2.0 for investors tracking India; nuclear power at 2% of electricity generation, room for growth; high valuations of iShares...

Pranav Bhavsar

Weekly Namaste India 2.0 for investors tracking India; nuclear power at 2% of electricity generation, room for growth; high valuations of iShares...