Category: Valuation
-
What Is ROE? How to Use Return on Equity for Stock Selection
Return on Equity (ROE) is widely regarded as the single most important metric for identifying high-quality businesses. Warren Buffett considers consistently high ROE as his primary filter for investment candidates. In this comprehensive guide, we will explore how to use ROE effectively for stock selection in the Indian market — going beyond the basic formula…
-
How to Read a Profit & Loss Statement for Stock Analysis
A profit and loss statement reveals whether a company is truly making money — or just looking profitable on paper. In this short guide and video walkthrough, you’ll learn how to read a P&L line by line, spot the metrics that matter most for stock analysis, and avoid the cosmetic numbers that mislead most retail…
-
Infosys Case Study: How India’s IT Giant Created Shareholder Wealth (2026)
Infosys went public in 1993 at ₹95 per share. An investor who held from IPO to 2026 (adjusted for splits and bonuses) would have turned ₹10,000 into over ₹7 crore — roughly 22% CAGR for 33 years. But the last 5 years have been a different story. Infosys has traded sideways, faced margin pressure, absorbed…
-
How to Calculate Intrinsic Value of a Stock (DCF Made Simple)
Learning how to calculate intrinsic value of a stock is what separates serious investors from punters. Using the discounted cash flow (DCF) method, you can estimate what a business is genuinely worth — and compare that to the market price to know if you are buying at a bargain, fair value, or inflated premium. In…
-
HDFC Bank Case Study: How India’s Biggest Private Bank Compounded Wealth
Between 1995 and 2023, HDFC Bank turned ₹1 lakh into over ₹6 crore — a 60×+ return at roughly 17% CAGR, outperforming the Nifty 50 by a wide margin over nearly every rolling 10-year period. How does a bank compound at 17% a year for 25 years? This case study breaks down HDFC Bank’s business…
-
Price to Book (P/B) Ratio Explained with Indian Examples (2026)
The price to book (P/B) ratio is one of the simplest valuation tools in fundamental analysis — yet it quietly separates undervalued gems from value traps in the Indian stock market. In this guide, you will learn what the P/B ratio actually measures, how to read it across sectors like banks, IT, and FMCG, and…
-
How to Analyze a Company Before Investing (2026 Guide)
Learning how to analyze a company before investing is the single most valuable skill in stock market investing — it separates serious wealth builders from those gambling on tips. In this guide, you will learn the exact step-by-step framework Indian fundamental investors use to evaluate a company in under 30 minutes, and the five non-negotiable…
-
Asian Paints: How a Paint Company Built an Unbreakable Moat
Asian Paints is one of the most admired companies in the Indian stock market — a business that has turned a commodity product into a branded powerhouse with an almost unassailable market position. For students of fundamental analysis, Asian Paints offers a masterclass in how operational excellence, distribution dominance and brand building can create an…
-
TCS: India’s IT Giant — A Fundamental Analysis Case Study
Tata Consultancy Services (TCS) is India’s largest IT services company and one of the most valuable companies listed on the Indian stock exchanges. With a market capitalisation consistently placing it among the top 3 Indian companies, TCS is often the first stock investors encounter when studying quality businesses in the Indian market. This case study…
-
Reliance Industries: Business Analysis & Investment Case Study
Reliance Industries Limited (RIL) is India’s largest private sector company by market capitalisation and one of the most widely tracked stocks on the Indian stock exchanges. Whether you are a beginner learning fundamental analysis or an experienced investor evaluating blue-chip businesses, understanding Reliance’s business model, financials and competitive moat is an essential exercise. This case…