Equity Research case studies, worked step by step

Cases
100
Traced to a firm
30
Topics
12
Hard
30
Topic
All topicsStock pitch15Earnings and results9Forecasting and modelling10DCF and intrinsic value9Relative valuation7Financials6Sector economics9Forensic accounting9Industry structure and moats7Macro and commodity sensitivity7Capital allocation and corporate actions7Buy-side portfolio judgement5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 20 · filtered from 100Clear filters
  1. 064Pellora Cooling sells 40% of its annual volume in April to June, and first-quarter revenue is up 30% on a heatwave. Why is multiplying the quarter by four wrong, and what is a sensible full-year number?Earnings and resultsWarm upSell-side equity researchIndian brokerage research
  2. 071Sundora Tea sells at a 20% price premium to loose tea and holds 18% of the market. What would you check to know whether the brand is a real advantage?Industry structure and moatsWarm upLong-only asset managementIndian brokerage research
  3. 072A fund wants a Rs 150 crore position in Sahvira Microfinance, which trades Rs 8 crore a day. Buying at 20% of daily volume, how many days does it take to build, and what does that mean for sizing?Buy-side portfolio judgementWarm upLong-only asset managementBuy-side equity research
  4. 074Zorvan Holdings reports cash of Rs 3,000 crore earning 4% alongside debt of Rs 2,500 crore costing 11%. Why is that a red flag, and what would you check?Forensic accountingWarm upSell-side equity researchIndian brokerage research
  5. 075On the spot, give a two-line thesis on Aeronvik Aerospace after a quality grounding cut deliveries from 400 to 280 aircraft, and name the one number that would change your view.Stock pitchWarm upSchrodersNew York · 2025
  6. 092An asset manager runs Rs 1.5 lakh crore at a blended fee yield of about 0.54%, with equity 45% of assets. What happens to revenue if equity rises to 55% of the same assets?FinancialsWarm upSell-side equity researchIndian brokerage research
  7. 093A fashion retailer's new store costs Rs 3 crore and makes Rs 6 crore of sales at a 15% store EBITDA margin. What is the payback, and what sales per store would make payback two years?Sector economicsWarm upSell-side equity researchIndian brokerage research
  8. 096Suppose the GST rate on small cars falls from 28% to 18% and a carmaker passes it on fully. With demand elasticity of 1.2, what happens to prices, volumes and the carmaker's profit?Macro and commodity sensitivityWarm upSell-side equity researchIndian brokerage research
  9. 099An appliance maker raised prices 5% from the second month of a quarter in which revenue was Rs 900 crore. At flat volumes, how much extra revenue does the full-quarter effect add next quarter?Earnings and resultsWarm upSell-side equity researchIndian brokerage research
  10. 100A toll road has 10 years left on its concession and earns Rs 200 crore of cash a year. At a 10% discount rate, what is it worth, and what goes wrong if you value it as a perpetuity?DCF and intrinsic valueWarm upSell-side equity researchResearch KPO and GCC

Company names and figures are illustrative.