Equity Research · SEBI RA
Research built for investors who think
independently.
Institutional-grade equity research on Indian listed companies — deep dives, sector analysis, and model portfolios — for long-term investors who want to understand what they own.
What Subscribers Receive (all of them)
Deep Dive Company Reports
Full investment analysis on individual companies — business quality, management assessment, financial health, red flags, valuation, and thesis.
Model Portfolio
A transparent, tracked model portfolio. Every addition, removal, and rebalance is documented with reasoning. You see exactly what I hold and why.
Sector Overviews
Periodic deep dives into Indian sectors — structural tailwinds, competitive dynamics, valuation ranges, and where the interesting opportunities tend to sit.
Framework Notes
Shorter pieces on how to think about specific analytical problems — reading management quality, spotting accounting stress, understanding capital allocation patterns.
Quarterly Updates
Result season commentary on portfolio companies — what changed, what did not, and whether the original thesis remains intact. No noise between quarters.
Subscriber Q&A
Periodic open sessions where subscribers can ask questions on portfolio companies, analytical approach, or specific stocks they are thinking about.
The Research Process
01.
Business
Quality
What does this company actually do well? Where is the moat, if one exists? How durable is it? This is the first and most important question — valuation is secondary.
02.
Management
Integrity
Track record, capital allocation history, related-party transactions, promoter behaviour, and what management says versus what they do. India-specific dynamics get full weight.
03.
Financial
Health
A forensic read of the financials — cash flow quality, working capital trends, debt structure, and accounting red flags. Schilit's framework applied rigorously to Indian filings.
04.
Valuation
Margin of Safety
A range of outcomes, not a point estimate. What does the business need to deliver for the current price to make sense? Where is the downside if the thesis is wrong?
For investors who think
independently.
- You manage your own direct equity portfolio and want serious research as a foundation
- You are tired of brokerage research written around a target price rather than a business
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- You want to understand why a stock is interesting — not just whether to buy it
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- You are willing to read carefully and think for yourself
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- You have a long enough time horizon to let good businesses compound
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- You are not looking for momentum calls, F&O ideas, or short-term trades
The Research Process
Step 1: PAN Verification
We start with a quick identity check using your PAN, confirming your KYC status with the KYC Registration Agency (KRA). Takes just a couple of minutes.
Step 2 · Sign Your Research Subscription Agreement
You'll receive your Research Analyst subscription agreement for e-signature, covering the terms of the research service and disclosures required under SEBI's Research Analyst Regulations. Fully digital, done in minutes.
Step 3 · Payment & Portal Access
Once payment is complete, you'll get access to the member portal — including the model portfolio, research reports, and ongoing updates.