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 61–70 of 100
  1. 061Aurevik Foods buys Zestora Naturals, a direct to consumer brand, for 6x sales. Zestora's operating profit is small but growing 30% a year. How many years until the deal earns Aurevik's 12% cost of capital?Capital allocation and corporate actionsHardBuy-side equity researchHedge fund long/short
  2. 062Hedge a Rs 50 crore long in Ornavi Specialty Tubes, which has no close listed peer. Given its betas to the market and to a capital goods basket, size the hedge and say what risk is left.Buy-side portfolio judgementHardBalyasny Asset ManagementNew York · 2026
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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

Company names and figures are illustrative.