BRR (Business Responsibility Report)

    ESG & Governance

    SEBI's earlier, shorter ESG report for listed companies, replaced by the BRSR.

    SEBI required the top 100 listed companies by market capitalisation to file a BRR from 2012, extended to the top 500 in 2015 and the top 1,000 from FY 2019-20. The BRR was mostly descriptive, with few standard numbers. SEBI introduced the more detailed BRSR in May 2021, voluntary for FY 2021-22 and mandatory for the top 1,000 from FY 2022-23.

    Related terms

    BRSR (Business Responsibility and Sustainability Report)NGRBC (National Guidelines on Responsible Business Conduct)

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    From the research

    Valuation

    A Comparative Financial Analysis of Three Listed Companies

    Three IT services leaders, five years of numbers: similar growth, very different margins and returns on capital, and their October 2026 valuations.

    Markets

    IPO Issue Price vs. Listing Price vs. Subsequent Performance

    Seven of India's most talked-about IPOs since 2021, tracked from issue price to listing to October 2026. Buying on listing day lost money in six of seven.

    Valuation

    Paytm: Valuing a Company With No Clean Comparable

    Paytm is part payments processor, part device business, part loan distributor. Why no single peer fits, and how to value it in parts and in reverse.