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 1–6 of 6 · filtered from 100Clear filters
  1. 006Zenvora Broking earns 60% of its revenue from equity derivatives. New rules cut derivative volumes by 30%. With 70% of costs fixed, what happens to revenue and profit?FinancialsCoreSell-side equity researchHedge fund long/short
  2. 031Build Nirvela Bank's return on equity from an ROA tree: margin, fees, cost to income, credit cost, tax and leverage. Where is the gap to a peer earning 17%?FinancialsCoreSell-side equity researchIndian brokerage research
  3. 056Kshemora Life Insurance trades at 2.5x embedded value. Given its value of new business and margin, what is the market paying for business it has not yet written?FinancialsHardSell-side equity researchIndian brokerage research
  4. 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
  5. 081An NBFC with Rs 20,000 crore of loans sees gross NPAs rise from 2% to 4.5% and keeps provision cover at 55%. What does that do to credit cost and ROE this year?FinancialsHardSell-side equity researchIndian brokerage research
  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

Company names and figures are illustrative.