Methodology
How The Valuation Node Approaches Research
The principles behind every analysis published here, transparency of assumptions, primary sources, and an honest account of where the analysis could be wrong.
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on Indian markets.
Original valuation and credit analysis, plus a public learning library, by Gajji Srinath.
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What Three Years of a Cash Flow Statement Reveals That One Year Hides
Profit is an opinion, cash is a fact, and one year of cash flow is a snapshot. It takes three years for the snapshot to become a story.
19 Mar 2026
ValuationComparing Two Companies on ROE, and Why the Higher One Is Not Always Better
Return on equity is one number, but it is built from three. Until you split it apart, a high ROE and a fragile ROE look exactly the same.
11 Feb 2026
ValuationWhat a High P/E Actually Implies, and When It Is a Trap
A high P/E is not a verdict of "expensive." It is a sentence the market is speaking about the future, and learning to read that sentence is where valuation actually begins.
14 Jan 2026
From the learning library
Explore the libraryFoundations · Valuation
DCF: Theory and Mechanics
From first principles to a working DCF model. Intuition, mechanics, and common mistakes, with real Indian company numbers.