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

Stove Kraft | Channel Interactions Indicate a Poor Competitive Position

India Channel Insight | Asian Paints, Ashok Leyland, Makemytrip, Stove Kraft

India Channel Insight | Stovekraft, Bajaj Electricals, Crompton Consumer, Havells

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

Equity Capital Markets

<p>The IPO season continues with <a href="https://www.smartkarma.com/entities/stove-kraft-ltd" target="_blank" data-smartkarma-citation="entities:31372:1" rel="noopener">Stove Kraft (0490943D IN)</a> , which has come up with a total offer of about INR 4.1 bn, which comprises of INR 950 mn; the IPO also includes offer for sale from Sequoia. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance, operations and balance sheet which one must know about. </p>
<p>Also, it must be noted that this insight is written from a pure long-term view about the scrip. </p>

The IPO season continues with Stove Kraft (0490943D IN) , which has come up with a total offer of about INR 4.1 bn, which comprises of INR 950 mn; the IPO also includes offer for sale from Sequoia. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance, operations and balance sheet which one must know about. 
Also, it must be noted that this insight is written from a pure long-term view about the scrip. 

Stove Kraft

Stove Kraft IPO: Hovering in Sim Flame