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

Newgen Software Technologies / Forensic Accounting

<p><a href="https://www.smartkarma.com/entities/newgen-software-technologies" target="_blank" data-smartkarma-citation="entities:26704:1" rel="noopener">Newgen Software Technologies (NEWGEN IN)</a> financials after it became public almost 20 months ago indicates a disconnect between revenue model and receivable ageing. Change in assumption for expected credit loss could not curtail provisioning for receivables. Further, an increase in other income for F19 was a one-off phenomenon backed by higher interest on un-utilized proceeds parked in bank fixed deposits and higher foreign exchange gain. Also, during Q2F20 the company has reported a loss in its India segment, which constituted 28% of the top-line.</p>

Newgen Software Technologies (NEWGEN IN) financials after it became public almost 20 months ago indicates a disconnect between revenue model and receivable ageing. Change in assumption for expected credit loss could not curtail provisioning for receivables. Further, an increase in other income for F19 was a one-off phenomenon backed by higher interest on un-utilized proceeds parked in bank fixed deposits and higher foreign exchange gain. Also, during Q2F20 the company has reported a loss in its India segment, which constituted 28% of the top-line.

Newgen Software Technologies

Newgen Software: Error Code Flashing