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 41–50 of 70 · 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. 065Ruvanta Steel Tubes lifts capacity from 1.0 to 1.6 million tonnes after a two-year build costing Rs 1,200 crore. With the new capacity running at 60%, 75% and 85% in its first three years, forecast volumes and asset turns.Forecasting and modellingCoreSell-side equity researchIndian brokerage research
  3. 066Run a reverse DCF on Elvora Specialty Retail: what free cash flow growth does its market value price in, and can the store rollout deliver it?DCF and intrinsic valueCoreBuy-side equity researchHedge fund long/short
  4. 067Sorvani Tech trades at 25x earnings with 14% growth and a 35% ROIC; Delkora Systems at 18x with 7% growth and a 25% ROIC. Which is cheaper once growth and returns are both counted?Relative valuationCoreSell-side equity researchIndian brokerage research
  5. 068The policy rate is cut 50 bp. At Dhanvela Small Finance Bank 70% of loans reprice at once while term deposits reprice over a year. What happens to net interest margin over the next four quarters?FinancialsCoreSell-side equity researchIndian brokerage research
  6. 069A Pindora QSR restaurant does average daily sales of Rs 1.2 lakh at an 18% four-wall margin and costs Rs 2.5 crore to fit out. What are the store economics, and how sensitive are they to daily sales?Sector economicsCoreSell-side equity researchIndian brokerage research
  7. 070Tanmora Textiles' promoter owns 60% and has pledged 70% of that stake. The lender makes a margin call if the share falls 30%. What is the risk to minority shareholders?Forensic accountingCoreHedge fund long/shortSell-side equity research
  8. 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
  9. 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
  10. 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

Company names and figures are illustrative.