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

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

Paras Defence & Space Technologies Ltd. (PARAS IN)

<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