A Comparative Financial Analysis of Three Listed Companies
TCS, Infosys and HCLTech sell similar services to similar clients. Put their numbers side by side, though, and their margins, returns on capital and cash conversion tell three different stories.
Read Full Analysis
IPO Issue Price vs. Listing Price vs. Subsequent Performance
Seven high-profile Indian IPOs, three prices each: what allottees paid, what listing-day buyers paid, and what the shares were worth in October 2026. The results say a lot about chasing listing gains.
Read More
Paytm: Valuing a Company With No Clean Comparable
Paytm does not fit neatly next to a bank, a payments processor or a consumer internet company. When no single peer works, valuation has to be done in parts, and in reverse.
Read More
Five Years of Nifty 50 Returns: What Do the Numbers Reveal?
From the end of 2020 to the end of 2025, the Nifty 50 rose about 87%. That single number hides an uneven path, a big start-date effect and a very different result in dollars.
Read More
Reading Asian Paints Without the Brand Halo
Asian Paints is one of India's most admired companies. That reputation is earned, but it can stop investors from asking what the price actually requires. This piece reads the numbers on their own.
Read More