RIDGE Research

Your Personal Experienced Research Analyst

Pricing: Rs.95,000/- + GST for a 12 months subscription

Transform Your Investment Approach In the complex world of Indian equities, knowledge is power. Ridge Research offers you the key to unlock that power.

What we Provide:

  • Rigorous analysis of 30+ companies annually (either new or updates of previously covered companies which are still worthy of studying)
  • Focus on small and mid-cap companies
  • Scrutiny of corporate governance & forensics for risk management
  • A promise that we read all relevant primary documents (ARs, Concalls, Investor Presentations) from first word to last so that you don’t have to.

Ridge Research: An Unfair Advantage

  1. Expert Analysis: Benefit from our founder’s 30+ years of experience in Indian equities. Our team doesn’t just read reports; we dissect them with the precision of a forensic expert, an on-the ground research specialist and the vision of a seasoned investor.
  2. Unparalleled Depth: Receive meticulously annotated annual reports and conference calls, accompanied by comprehensive notes. We don’t just provide data; we provide context, insights, and potential red flags.
  3. Time-Efficient Research: Cut through the noise. Our regular updates on crucial market announcements keep you informed without overwhelming you.
  4. Focus on What Matters: No complicated models. No buy/sell recommendations. Just pure, unadulterated research focused on business fundamentals and potential risks.

Our Approach: The RIDGE Advantage

0 1
Primary Document Immersion/Summarization
 We meticulously analyze each company, starting with a clean slate. Our process includes:
  • Unbiased, in-depth reading of all available documentation
  • Creation of a detailed Summary Document with highlights, annotations, and expert commentary
  • Development of a robust Financial Model
  • Compilation of a CORE NOTE, synthesizing the Summary Document and Financial Model
0 2
Continuous Engagement
We keep our clients informed and engaged between company research releases through:
  • Regular market updates
  • Thematic research pieces
  • Educational content on investment strategies
0 3
Expertise You Can Trust
What Sets Ridge Research Apart?
  • Depth: 30+ meticulously analyzed companies annually
  • Focus: Emphasis on high-potential small and mid-cap opportunities
  • Expertise: Led by Nitin Mangal, featured in Wall Street Journal and Financial Times
  • Clarity: No complicated models or vague recommendations—just actionable insights
But Don’t Just Take Our Word For It…

Why choose RIDGE RESEARCH?

  • Document Deep Dive: At RIDGE, we don't skim; we scrutinize every page, footnote, and appendix of primary documents.
  • Annotation Mastery: Our annotations turn complex primary document jargon into clear, actionable intelligence.
  • Model-Driven Insights: Our financial models go beyond basic metrics, stress-testing stocks against multiple future scenarios.
  • Synthesis Supremacy: The CORE NOTE brings together all elements of our analysis, providing a single, comprehensive view of each business covered.
  • Continuous Engagement: Our add-on publications ensure you're never out of the loop between major analyses.

Imagine having the power to:

  • Spot the interesting businesses before the market catches on
  • Avoid corporate governance disasters that could decimate your portfolio
  • Save countless hours on research, focusing only on what truly matters
  • Be absolutely confident, that nothing of relevance is being missed.

Who Should Subscribe?

  • Serious, fundamentally-oriented investors
  • Risk managers aiming to avoid governance pitfalls
  • Fund managers and investment advisors seeking to optimize research time
  • Aspiring full-time investors eager to expand their analytical toolkit

Is Ridge Research Right for You? Ask yourself:

  • Do you have the time to thoroughly read our in-depth notes?
  • Are you looking beyond large-cap companies?
  • Do you value understanding businesses over following buy/sell recommendations?

If you answered yes, Ridge Research is your pathway to investment excellence.

Is Ridge Research Right For You?

You're a perfect fit if:

If this sounds like you, you’re exactly who we created Ridge Research for.

Your Investment in Excellence!

What You'll Receive:

  • Annotated annual reports and conference calls
  • Comprehensive CORE notes
  • Insights on at least 30 companies annually
  • Focus on small and mid-cap opportunities

Every day you wait is a day of missed opportunities. The market waits for no one, and neither does our early bird offer.

Remember:

  • We only accept a limited number of subscribers to maintain quality
  • Once enrolled, you’re locking in this price for a full year of insights

Don’t let another potentially life-changing investment slip through your fingers.

Frequently Asked Questions (FAQs)

I’m Nitin Mangal, the founder/ Director of Trudence Capital Advisors Private Limited and I love reading annual reports. It is not only my work but my passion to constantly read annual reports and conference calls about various businesses in the Indian Listed Equity Space

Well I have heard that statement so often, that I feel its important to answer it here.

It’s true that majority of our available work in public partly because of previous work experience and partly because of our commitments to clients at India Independent Insights ( III ) have been focused on accounting , forensics and governance.

But when we read the primary sources for our research, we are looking at the business from the lens of a risk manager and also from the lens of an investor. Hence, we are as much interested in the business potential of the companies as we are vigilant on the accounting & governance lapses that can be lead to (mostly unseen by others) significant losses in investments.

Annotated Annual Reports and Conference Calls along with our Notes & Comments : This will be the core deliverable. You will get a Note which will be summarizing the Annual Report / Concall and also referencing the relevant sections from the ARs/CCs. Along side that Note, will be the Annotated Annual Reports.

Notes will also have our view on what makes this company interesting ( or dangerous !!! ) from a portfolio perspective.
We will be doing at least 30 companies ( possibly a lot more ) annually.
On a weekly or a bi-weekly basis, I will be sharing the important announcements that are happening on the exchanges.

What you will not get is also important to understand:

No complicated models. It’s a pure research service and the attempt is to not unnecessarily fill models. The necessary data required to make sense of what we are reading will be covered in the note.
No Buy / Sell recommendation and no price target. While certain reasons of why a particular company warrants a look (or should be avoided ) will be provided.

  • Serious Investors who are fundamentally oriented & want to their own research
  • Risk Managers who want to avoid getting trapped into companies with doubtful accounting and governance
  • Fund Managers / Investment Advisors who want dramatically save time on research.
  • Aspiring full time investors looking to expand their bandwidth and want to learn the nuances of research
  • Don’t waste your money if you or your team have no time to read the notes. There wouldn’t be any short cuts or summaries to rely upon.
  • If you are looking for model portfolios to replicate and directly put your money to work. As mentioned, there are no buy/sell recommendation and there are no target prices.
  • If your focus is on large companies because of your mandates or your area of work. There wouldn’t be many large cap companies covered here.

In one word, NO. There are many good model portfolios which you can use.

The purpose of this service is to share our research with the subscribers.
The purpose of this service is for sophisticated investors to drastically cut down on research time

But the eventual portfolio formation is left to the clients because all investors have their own investment philosophy, investment style, risk appetite etc.

Most of what you will see will be directly undertaken by me.
I do take help of my team & also of people in my friend circle who know a particular sector or a company better than I do. I also bounce of my comments with experts in certain cases but nothing comes to you without being completely vetted by me.

As a part of this service, there is no be-spoke research ( We do that separately under India Independent Insight ). For this service, all the companies are of our choice. But keeping in mind the feedback of many prospective subscribers, the focus of this service will be small and midcap companies and not very large cap names.

Free Trials are not permissible by regulations & hence cant be given to you. I am happy to answer any questions regarding the service. You can reach me at [email protected]. A sample AR & Note is available here for you to see so that you are aware of what you are getting into.

Rs.95,000+ GST for a 12 months subscription

Still on the fence? Consider this:

The cost of a single missed opportunity or an overlooked risk can far outweigh your investment in Ridge Research.
Can you afford not to have this level of insight at your fingertips?

Enroll Now and Transform Your Investment Strategy!

Secure Your Financial Future. Enroll in Ridge Research Today.

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