Although we have a tendency to appreciate management when stocks rising and doubt their credibility when its falling. But your observation is correct. Esp Lanco. Eros is still ok types. However considering Lanco is in infra, was reeling under court cases and other problems its stock seems to be bitten down. I am hoping they will turn around – won cases, started generating power to haryana & also raising fresh capital. Having said that lanco is still a speculative bet……bit of experimentation 
How do you do management quality check- suggest a systematic/practical method. Going to AGMs, meeting etc are not possible for me.
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