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

Nazara Technologies- Face off with Heavy Liability

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

Nazara Technologies / Forensic Accounting

<div>
<a href="https://www.smartkarma.com/entities/nazara-technologies-ltd" target="_blank" data-smartkarma-citation="entities:32980:1" rel="noopener">Nazara Technologies (NAZARA IN)</a> one of the leading gaming Indian company has recently got listed on the bourses. The early look of IPO document highlights few grey areas in the financial statements of the company, which should not be overlooked. These include but not limited to rapid rising receivables, a stringy business risk, coupled with some poor governance aspects.</div>
<div></div>
<div>Also it should be noted that a recent change in Income Tax law with regard to treatment of goodwill amortization will lead to a higher cash outflow for the company in future.</div>
<div></div>
<div>
<div></div>
</div>


Nazara Technologies (NAZARA IN) one of the leading gaming Indian company has recently got listed on the bourses. The early look of IPO document highlights few grey areas in the financial statements of the company, which should not be overlooked. These include but not limited to rapid rising receivables, a stringy business risk, coupled with some poor governance aspects.

Also it should be noted that a recent change in Income Tax law with regard to treatment of goodwill amortization will lead to a higher cash outflow for the company in future.





Nazara Technologies

Forensic Analysis: Nazara Technologies