How to analyse stocks, sector by sector

The same rules don’t work everywhere. A bank, a cement maker and an IT company are judged on different numbers. These guides show which.

Sectors

  1. 1How to analyse bank stocksLearn how to analyse Indian bank stocks: why debt-to-equity is meaningless, and how to read NPAs, CASA, net interest margin, capital adequacy and ROA.read →
  2. 2How to analyse NBFC stocksLearn how to analyse Indian NBFC stocks: cost of funds, spread, asset-liability mismatch, bad loans, capital adequacy and why fast loan growth can hide risk.read →
  3. 3How to analyse IT services stocksLearn how to analyse Indian IT services stocks: constant-currency growth, deal wins, operating margin, attrition, client concentration and the rupee’s effect.read →
  4. 4How to analyse FMCG stocksLearn how to analyse Indian FMCG stocks: volume versus price growth, gross margin, ad spend, distribution reach, rural demand and why high P/E is common.read →
  5. 5How to analyse pharma stocksLearn how to analyse Indian pharma stocks: US generics versus domestic sales, USFDA inspections, R&D spending, price erosion and new product approvals.read →
  6. 6How to analyse auto stocksLearn how to analyse Indian auto stocks: monthly sales volumes, product mix, raw-material costs, dealer inventory, margins and the shift to electric vehicles.read →
  7. 7How to analyse cement stocksLearn how to analyse Indian cement stocks: EBITDA per tonne, capacity utilisation, power, fuel and freight costs, regional prices and the building cycle.read →
  8. 8How to analyse metal stocksLearn how to analyse Indian metals and mining stocks: global price cycles, EBITDA per tonne, raw-material security, net debt and why low P/E can mislead.read →
  9. 9How to analyse oil and gas stocksLearn how to analyse Indian oil and gas stocks: crude prices, refining margins, marketing margins, government pricing and how the segments differ.read →
  10. 10How to analyse power stocksLearn how to analyse Indian power utility stocks: regulated returns, plant load factor, payments from state distribution companies, debt and renewable growth.read →
  11. 11How to analyse capital goods stocksLearn how to analyse Indian capital goods and engineering stocks: order book, order inflow, execution speed, working capital, margins and the capex cycle.read →
  12. 12How to analyse real estate stocksLearn how to analyse Indian real estate stocks: pre-sales, collections, unsold inventory, net debt, project delivery and why reported profit can lag reality.read →

Practise the market, free

Short chapters, then real calls graded on your reasoning, not luck. No money involved.

Start learning →Play today’s chart