Module 03 · Intermediate

Fundamental Analysis

Financial statements, valuation ratios, ROE vs ROCE, broker consensus, concalls and sector comparisons, with every concept linked to the matching research page.

1. 1Reading financial statementsProfit & loss, balance sheet and cash flow: what each tells you and the red flags to look for.7 min read · Try it: Stock research page, Company Page
2. 2Valuation ratios: P/E, P/B, EV/EBITDA, dividend yieldHow to tell whether a price is rich or cheap relative to earnings, assets and cash flow.6 min read · Try it: Stock research page, Sector Valuation
3. 3Nifty P/E ratio: what it meansIndex P/E compares the Nifty 50 price with combined earnings: a valuation thermometer, not a timing tool.4 min read · Try it: Valuation, India Markets
4. 4ROE vs ROCE for Indian stocksTwo profitability measures from different capital bases, and when each is the right lens.5 min read · Try it: Stock research page, Key ratios metric guide
5. 5Broker consensus, targets and MI research notesHow to use analyst ratings and price targets without being led by them.5 min read · Try it: Broker Consensus, MI Research Notes
6. 6Company disclosures, concalls and the corporate timelineWhere the real information is: exchange filings, earnings calls and investor presentations.5 min read · Try it: Company Page, Economic Calendar
7. 7Sector analysis and relative valuationWhy sectors lead and lag, and how to compare a company with its peers.5 min read · Try it: Sector Map, How Shocks Spread