Mutual Fund Mastery case studies, worked step by step

Cases
100
Traced to a firm
31
Topics
14
Hard
32
Topic
All topicsEquity research and stock pitches15Fund selection and due diligence9Debt fund credit decisions8Client portfolios and goal planning9Index funds, ETFs and passive6AMC and distribution economics6Performance review and attribution6Duration and rates positioning6Liquidity, redemptions and stress7Scheme design and product strategy7Compliance, risk limits and conduct6Valuing listed securities: IPOs, DCF and REITs5NAV operations and operational risk5Retirement, withdrawals and life events5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–8 of 8 · filtered from 100Clear filters
  1. 001Pitch Chitravarna Paints: revenue of Rs 4,200 crore growing 14%, an 18% EBITDA margin, 32% return on capital, net cash, and a share price at 48 times earnings. Long or pass, and what has to be true for 48 times to work?Equity research and stock pitchesCoreWellington ManagementBoston · 2024
  2. 020A cement company has 30 million tonnes of capacity at 68% utilisation and trades at an EV of Rs 9,500 per tonne against a replacement cost of Rs 7,000. Is it cheap or expensive, and what utilisation justifies the price?Equity research and stock pitchesCoreWellington ManagementHong Kong · 2022
  3. 029In a group discussion you are handed a contract drug manufacturer with an order book of three times revenue, 38% of revenue from one client and a 27% EBITDA margin. Argue the long case, then the strongest bear case, and land on a view.Equity research and stock pitchesCoreFranklin TempletonSan Mateo · 2024
  4. 034Write the investment memo for a specialty chemicals exporter with 62% of revenue from three customers, a 24% EBITDA margin and a new plant that doubles capacity next year. What goes in, in what order, and what is the recommendation?Equity research and stock pitchesCoreFidelity InvestmentsToronto · 2026
  5. 041A city gas distributor grows volumes 9% a year at a Rs 9 per scm margin. Input gas costs rise Rs 5 per scm and it can pass on only 60% this year. What happens to its margin and to the stock pitch?Equity research and stock pitchesCoreFranklin TempletonSan Mateo · 2024
  6. 067Rapid-fire investing case: Madhurima Biscuits has revenue of Rs 3,000 crore, a 12% EBITDA margin and raw materials at 33% of revenue. If wheat and sugar rise 10%, what happens to EBITDA, what price rise restores it, and what volume loss would cancel that price rise?Equity research and stock pitchesCoreFidelity InvestmentsToronto · 2024
  7. 075Pitch Bhandarika Logistics, a warehousing company with 18 million sq ft, 91% occupancy, 5% annual rent escalation and a 12% yield on new capex. Is its growth funded by debt or by cash flow, and what is the pitch?Equity research and stock pitchesCoreFidelity InvestmentsToronto · 2024
  8. 097An exam-prep subscription company has a customer acquisition cost of Rs 1,800, annual revenue per learner of Rs 3,200 at 65% gross margin, and 55% of learners renew each year. Does it have a competitive advantage and barriers to entry, and can its revenue growth last?Equity research and stock pitchesCoreMorningstarAnonymous interview candidate in · 2023

Company names and figures are illustrative.