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What are the company’s cost and margin structure?
The investor must understand the past cost and margin structure and changes in the same. The purpose is to look at the long-term trends...
Ankur Kapur
1 min read


Are the company’s terms of trade favourable? Is Cash flow healthy
The investor must assess whether the company has reasonable bargaining power with its customers and suppliers. Additionally, ensure that...
Ankur Kapur
1 min read


Is the company profitable? If not, is it expected to emerge?
You allocate capital to make a return on it. This is applicable to any business irrespective of size. Let’s say someone selling food on a...
Ankur Kapur
3 min read


Is the company’s business model understandable?
In simple terms how does the company makes money? Unless you understand what generates cash for the company, you cannot think of...
Ankur Kapur
2 min read


What is the history of the company and management?
Before starting the analysis, you have to look at the company’s background and management. You need to know what is the business of the...
Ankur Kapur
2 min read


Special situation investing
Joel Greenblatt’s book “You Can Be a Stock Market Genius…” beautifully explains event-driven investing also called Special situation...
Ankur Kapur
4 min read


How to identify turnaround investments
Investing is all about the unknown future. More unpredictable the future, the better maybe the investment returns. Often an investment...
Ankur Kapur
3 min read


What creates value in a company?
A look at growth at a reasonable price. A simple answer to this would be growth. Future growth can be of two forms, one negative or zero...
Ankur Kapur
4 min read
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