Learn Equity Research - From Zero to Research Analyst
Master the art of analysing Indian listed companies — practical, India-focused, taught by an NISM certified analyst with 8+ years experience.
Who Is This Course Built For?
If any of the following sounds like you — you are in the right place:
Finance student who has studied theory but never analysed a real company
Working professional in finance who wants to move into equity research
Self-taught investor who wants research-based investment decisions
Commerce or MBA graduate trying to break into research analyst roles
NISM Series XV preparer wanting practical learning alongside the exam
Anyone who needs a research analyst job and wants resume + interview prep
"Every example, every case study, every company analysis in this course is India-focused."

Your Instructor - Amol Deshmukh
I am Amol Deshmukh - an NISM (SEBI) Certified Research Analyst based in Kolhapur, Maharashtra, with 8+ years of experience in fundamental analysis of Indian listed companies across sectors.
My most recognised piece of work is a 102-page fundamental analysis study on Maruti Suzuki India Limited - appreciated by finance professionals and students alike on LinkedIn.
Course Curriculum — What's Inside
What is equity research and why it matters, types of analysis, Indian market ecosystem (NSE, BSE, SEBI, AMFI), overview of financial statements, data sources (annual reports, BSE/NSE filings, screener.in, Tijori Finance)
Reading Annual Reports, business model analysis, Porter's Five Forces for Indian sectors, competitive moat analysis, management quality assessment (promoter background, corporate governance, pledging), SWOT analysis
Balance Sheet deep dive, P&L analysis, Cash Flow Statement, key ratios (ROE, ROCE, Net Profit Margin, EBITDA Margin, Current Ratio, Debt-to-Equity, Interest Coverage, P/E, P/B, EV/EBITDA), red flags and accounting manipulation signals in Indian companies
Intrinsic value vs market price, DCF analysis step by step, relative valuation and sector benchmarking, SOTP for conglomerates, building a financial model in Excel, common valuation mistakes
Structure of a professional report, executive summary, investment rationale, risk factors, formatting standards, workshop: guided analysis of a real Indian listed company
Resume building for equity research roles, ATS optimization, what hiring managers look for, presenting NISM certification on resume, interview preparation, frequently asked technical questions, stock pitch structure, mock interview framework
Download Free Company Research Report - See Quality Before You Enroll
Free access to fundamental analysis documents on Indian listed companies, prepared using the exact methodology taught in this course. Enter your name and email below, your details will never be shared with any third party.
Course Details
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Questions About the Course
Basic understanding of financial terms is helpful, but not mandatory. We start from the basics and build up.
No. The course is highly relevant for self-taught investors who want to make research-backed investment decisions.
Yes. 100% of the examples, case studies, and frameworks are tailored for Indian listed companies and the Indian market.
Yes, you will receive a course completion certificate from InvestFirst.
Absolutely. The sessions are planned keeping working professionals in mind, and lifetime recording access is provided.