Course overview

This course introduces students to the practical foundations of equity research and fundamental analysis. You will learn how to study industries and companies, understand financial information, evaluate business performance, apply valuation concepts and develop a structured approach to equity research. The course is designed to build analytical thinking and practical research skills for students interested in the stock market, investment research and the Research Analyst profession.

What you’ll learn

By the end of this course students will be able to:

  • Understand the role and process of equity research
  • Analyse industries and companies using a structured approach
  • Read and interpret key financial statements and financial ratios
  • Understand fundamental valuation concepts and apply them to companies
  • Develop a structured framework for preparing equity research reports

Key topics covered

  • 1
    Introduction to Equity Research
    Role of a Research Analyst, research process and types of equity research
  • 2
    Industry & Company Analysis
    Industry structure, competitive position, business models and company analysis
  • 3
    Financial Statement & Ratio Analysis
    Understanding financial statements, profitability, growth, liquidity, leverage and efficiency
  • 4
    Valuation & Investment Analysis
    Valuation concepts, relative valuation, intrinsic value and risk-return assessment
  • 5
    Equity Research Report
    Building an investment thesis and presenting findings in a structured research report

Course curriculum

Introduction to Equity Research

Objective: Understand the role of equity research, the research process and the responsibilities of a Research Analyst.

Role of a Research Analyst
  • Equity research process
  • Types of equity research
Understanding an investment thesi

Sources of information for research

Industry & Company Analysis

Objective: Learn how to evaluate an industry and understand the business and competitive position of a company.

Industry structure and trends
  • Competitive landscape
  • Business models
Company strengths and weaknesses

Management and competitive advantage

Financial Statement & Ratio Analysis

Objective: Develop the ability to read financial statements and assess company performance.

Financial Statements Analysis
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
Analytical approach to forecast
  • Profitability and growth
  • Liquidity, leverage and efficiency ratios
Valuation & Investment Analysis

Objective: Understand company valuation principles and develop a structured approach to assessing investment opportunities, risks and research findings.

Valuation fundamentals
  • Relative valuation
  • P/E, P/B and EV/EBITDA
  • Intrinsic value concepts
  • Risk and return
Analytical approach to form a research report
  • Building an investment thesis
  • Key assumptions
  • Risks and opportunities
  • Investment conclusion
  • Presenting a structured research report

Course price:

₹15,000.00

  • Students

Students

  • Lessons

24 Lessons

  • Duration

1 Month

  • Quiz

3 Quiz

  • Level

Beginner

  • Certification

Yes

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