Equity Research & Financial Modeling in Excel

Master equity research and financial modeling techniques used by professional analysts to evaluate companies and investment opportunities. Learn how to analyze financial statements, forecast revenues and cash flows, build integrated financial models, and apply valuation methods using real-world company data. This course provides a practical, step-by-step approach to equity research modeling through the real-world case study of Praj Industries and the capital goods sector. You’ll explore industry dynamics, macroeconomic demand drivers, and company-specific growth factors while learning how analysts convert business insights into financial projections and investment decisions. Through structured lessons and Excel-based implementation, you’ll build integrated income statement, balance sheet, and cash flow models while learning how to forecast revenues, margins, operating costs, and profitability drivers. The course also explores advanced modeling topics including forex impact, non-operating income adjustments, cash flow analysis, and PE-based valuation techniques used in equity research. A unique feature of this course is its complete end-to-end financial modeling workflow that combines conceptual finance knowledge with practical implementation skills. This enables learners to move beyond theory and develop job-ready analytical capabilities used in equity research, investment banking, and corporate finance roles. By the end of the course, you’ll be able to construct professional financial models, interpret key valuation metrics, analyze company performance, and make informed investment decisions with greater confidence.