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 1–8 of 8 · filtered from 100Clear filters
  1. 013Stock pitch case study: Halvoren Tiles has revenue of Rs 2,400 crore and a 14% EBITDA margin expected to reach 17% as gas costs fall. The stock trades at Rs 576, 18x next year's EPS of Rs 32. Build the long thesis, the catalyst and the one risk that breaks it.Stock pitchCoreMillennium ManagementNew York · 2024
  2. 022Keep a long pitch ready: Ravestra Motors, a two-wheeler maker with revenue of Rs 9,000 crore, where electric models are 8% of volumes rising to 20% and carry a gross margin 10 points below petrol. Pitch it and show what the mix shift does to margins.Stock pitchCoreFranklin TempletonSan Mateo · 2024
  3. 038TMT stock pitch: Orvanta Cloud, an Indian software-as-a-service company with ARR of Rs 800 crore growing 30% and net revenue retention of 115%, trades at 9x EV/ARR against peers at 7x. Pitch it and name the two metrics that justify or break the premium.Stock pitchCoreMillennium ManagementNew York · 2023
  4. 048Energy stock pitch: Ujjanta Gas Distribution, a city gas distributor with volumes growing 9%, a margin of Rs 7 per standard cubic metre and 30% of its gas bought at spot prices. Pitch it and handle the gas cost pass-through question.Stock pitchCoreFranklin TempletonSan Mateo · 2024
  5. 063In rapid pitches to a hiring manager, defend a long on Quintara Hospitals and a short on Selvoro Diagnostics in five minutes, with one driver and one number each.Stock pitchCoreFidelity InvestmentsToronto · 2024
  6. 073How would you analyse a stock? Walk the data sheet of Drishvan Cables, from the business to the numbers to the valuation, and end with a view.Stock pitchCoreJefferiesNew York · 2026
  7. 088Pitch a hotel company in three minutes, using revenue per available room as the spine: room rate up 5%, occupancy from 70% to 74%, and 60% of costs fixed.Stock pitchCoreWellington ManagementHong Kong · 2022
  8. 098Write a one-page investment memo on a PVC pipe maker trading at 32x earnings, with revenue of Rs 3,100 crore, 30,000 dealers and resin prices that swing 25% a year. What goes in each section?Stock pitchCoreFidelity InvestmentsToronto · 2026

Company names and figures are illustrative.