Indian Accounting Research 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

Indian Accounting Research Analyst

Forensic Accounting

<p><a href="https://www.smartkarma.com/entities/greaves-cotton-ltd" target="_blank" data-smartkarma-citation="entities:11664:1" rel="noopener">Greaves Cotton (GRV IN)</a>'s financials have been in a dull state for quite a while now. The company's F19 topline amounted to INR 20.2 bn, witnessing a growth of a mere 4.4%  CAGR since F15. Moreover with falling margins and poor cash flows along with dim investments gives food for thought about the buy-back decision which the company made recently.</p>

Greaves Cotton (GRV IN)'s financials have been in a dull state for quite a while now. The company's F19 topline amounted to INR 20.2 bn, witnessing a growth of a mere 4.4%  CAGR since F15. Moreover with falling margins and poor cash flows along with dim investments gives food for thought about the buy-back decision which the company made recently.

Greaves Cotton: Buyback Giving a False Alarm