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

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

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<li>
<a href="https://www.smartkarma.com/entities/hi-tech-pipes-limited" target="_blank" data-smartkarma-citation="entities:39778:1" rel="noopener">HI-Tech Pipes (HITECH IN)</a> is engaged in manufacturing of ERW Steel Round &amp; Section Pipes, cold Rolled Strips, coils, and colour coated sheet, etc. and has distribution across India.</li>
<li>The company has grown impressively in the last 5-7 years and has seen improved balance sheet and working capital situation.</li>
<li>However, tapering return ratios, prolonged concern on cash conversion and erosion of margins are few talking points that should be taken into account.</li>
</ul>



HI-Tech Pipes (HITECH IN) is engaged in manufacturing of ERW Steel Round &amp; Section Pipes, cold Rolled Strips, coils, and colour coated sheet, etc. and has distribution across India.
The company has grown impressively in the last 5-7 years and has seen improved balance sheet and working capital situation.
However, tapering return ratios, prolonged concern on cash conversion and erosion of margins are few talking points that should be taken into account.


HI-Tech Pipes

Hi-Tech Pipes: A.G.E. Analysis