Associate (Equity Research)
Current• Engaged in sell-side equity research function covering 25+ companies in real estate (Residential, commercial, Retail, and Hotels) and building material spaces (Cement, Tiles, Woodpanel, PVC pipes and Sanitaryware) across all market caps viz. DLF, Prestige, Godrej Properties, Kajaria, Astral, Ultratech, Ambuja Cement, etc.• Preparation and maintenance of financial model for both coverage and soft coverage companies (total 30+ companies) with the latest information, changes to estimates, and outlook review on a quarterly basis (post result).• Experienced in both top-down and bottom-up research methods. Engaged in various valuation methodologies including earnings multiples (P/E & EV/EBITDA), DCF, reverse DCF, and SOTP for real estate conglomerates.• Built PAN India dealers / Channel partners networks in both real estate and building material categories and undertook action-oriented channel checks concerning pricing, regional demand, and distribution channel efficiency on various occasions to support our investment and industry thesis.• To remain at the top of industry news and validate the industry cycle with research inputs.• Stock ideation, revisiting stock recommendation every quarter to curate a research product viz. company initiation / update, industry thematic / update, and channel checks notes.• Regular meetings with industry experts and management to support/modify our thesis on industry and company.• To prepare a research product and financial model according to client needs. Update and clarify on recent challenges to companies & industry and their implication on stock price.• Initiated and implemented weekly price tracker of commodities related to industry under coverage viz. coal, petcoke, PVC resin, timber wood, Natural gas, etc. • Initiated coverage on commercial space REITS covering details on industry cycle, emerging opportunities in industry subset and built framework for comparative evaluation.