Fundamental Research

At Aadinath Shares, Equity Research is a continuous and compulsory process. Only on the basis of pure in-depth Fundamental Research, we guide our clients to take right investment decisions.

Investment Process / Philosophy

We follow the Bottom Up approach for recommending investment in a company from any sector. We first drill down to the Micro analysis of the business/company of our choice and then evaluate the Industry and the Macro data that can positively or negatively affect the company. We mainly do Qualitative and Quantitative analysis to evaluate any company. We put higher weightage on qualitative analysis i.e. business and management analysis. We gather information or data to evaluate any company from publicly available domain.

Business:-

We look for the stable, profitable and growing business. We evaluate the business prospect over next 3 – 5 years. We strongly believe that buying an equity shares should be dealt like buying a business and being partners with the promoters.

Management:-

We try to evaluate the management from their past performance. We evaluate their execution capabilities committed by them over the years. We attend company’s management’s conference call regularly. We also try to meet management at regular intervals to evaluate company’s future expansion and/or diversification plan.

Valuation:-

We evaluate various financial parameters like EPS, BV, ROE and ROCE etc. to evaluate the company's profitability, stability and growth prospects. We also compare company's financial performance with peer group companies.