Financial analysis and Equity Research

FREE COUNSELLING

 
 


ABOUT ICICIdirect CENTRE FOR FINANCIAL LEARING ( ICFL)

ICICIdirect Centre for Financial Learning (ICFL) is an initiative of ICICI Securities Ltd. set up with an objective of simplifying financial knowledge and increasing financial literacy amongst prospective or experienced investors and knowledge seekers. ICFL training programmes are categorised under Investment Education Programmes and Professional Certification & Development Programmes. The repository of domain knowledge includes a host of in-house developed seminars, workshops, certifications and training programmes leading to reputed certifications. These programmes are in the area of Stock Investing, Derivatives, Mutual Funds, Financial Planning, Wealth Management, Corporate Finance, etc.

ICICIdirect Centre for Financial Learning has been conferred with the Award for Innovation in Learning and Best Online Learning Solution at the World Education Congress. It also won the Emerging Brand Award at CMO Asia in Singapore.


ABOUT XAVIER SCHOOL OF MANAGEMENT JAMSHEDPUR (XLRI)

Founded in 1949, XLRI, managed by Jesuit Fathers has always strove to be a management school with a difference. Pursuit of academic excellence and fostering whole-person integral growth - intellectual, emotional, spiritual and social persona of students has been the hallmark of XLRI for over six decades.

ABOUT THE FACULTY

Dr. Mohanty

was a senior-visiting scholar at the Stern School of Business, New York University in 2009-10. He is a Fellow of the Indian Institute of Management, Bangalore. A gold medalist in MA (Applied Economics), he is also a Chartered Financial Analyst and a cost accountant.

He has more than fifteen years of teaching experience in Investments and Corporate Finance. He has conducted numerous training programmes for companies in India and abroad, including companies from Dubai, Qatar and Kuwait in Company Valuation and Financial Modeling. He is the co-author of books on Investments and Principles of Corporate Finance, published by the McGraw Hill Education. He is actively into research in corporate finance and investments, with many publications in books and refereed journals. He has consulted a few companies in valuation of companies. He has won numerous research awards at various research conferences.

 

Dr. Ram Kumar Kakani

B. Tech (Andhra Univ.), FPM (IIM Calcutta)

Dr. Ram has associated with XLRI Jamshedpur for the past 15 years. Earlier, he started his career as a technocrat in the corporate manufacturing sector and then gradually moved towards the academic sector with a focus on honing aspects related to the Finance-Performance-Strategy trilogy at IIM Calcutta. In the last few years, he has moved towards the leadership domain, practicing his leadership development skills with a focus on Public Administrators, as Director of National Center for Leadership Development and Competency Assessment (NCLDCA), an initiative started by Government of India. Dr. Ram is certified as a Leadership Coach, Facilitator and Trainer for entry-level and mid-level IAS and other Civil Service officers by the CCL (Center for Creative Leadership) USA and GIZ Germany. Thus, his areas of interest include a gamut ranging from Accounting Analysis to Corporate Valuation to Leadership Development.


PROGRAMME OBJECTIVES

Equity analysis is a multi-faceted discipline requiring an understanding of financial analysis, industry analysis, financial forecasting techniques, and valuation practices. The objective of this programme is to equip participants with an overall understanding of tools and techniques most widely used in equity research.

The integrated case study approach followed in this programme is unique, in that the participants are also provided an opportunity to apply all tools and concepts covered during the programme to a select company. This programme will also provide participants a foundation from which they may develop their own approaches to equity research, and for a future study of the nuances of equity research for unique sectors such as banking, insurance, and so on. At the end of this programme, participants will have an understanding of concepts and tools required to prepare an equity analysis report.

PEDALOGY

The pedagogy will comprise of a combination of lectures by XLRI faculty and industry experts, and analysis of real life case studies. Periodic assignments or quizzes may be used to strengthen the understanding of the topics. At the end of this programme, each participant will be required to prepare an equity research report for evaluation

TOPICS TO BE COVERED

Financial Analysis for Equity Research

  • What is Equity Research?
  • Financial Statement Analysis
  • Techniques for Comparative Analysis
  • Using an Annual Report to Generate Qualitative Information about a Company
  • Earnings & Cash Flow Management Practices
  • Preparing the Financial Analysis Section of an Equity Research Report – A Case Study

Understanding the Industry and the Business

  • Interface of Macroeconomic Policy Environment and Industry
  • Industry Value Driver Analysis
  • Identifying and Monitoring Critical Success Factors
  • Preparing the Industry and & Company Analysis Section of an Equity Research Report – A Case Study

Financial Statement Forecasting using Spreadsheets

  • Financial Statement Forecasting Techniques
  • Developing Financial Forecasting Models in MS-Excel
  • Preparing the Financial Statement Forecast Section of an Equity Research Report – A Case Study

Valuation Techniques

  • Identifying Key Valuation Driver
  • Developing & Validating Growth Forecasts
  • Traditional Multiples Based Valuation
  • Cash Flow Based Valuation
  • Accounting Based Valuation: EVA, Residual Income Approaches
  • Preparing the Valuation Section of an Equity Research Report – A Case Study

Eligibility Criteria: Assignment for Submission: Preparation of Equity Research Report for a Listed Company of your choice



Programme Outline

This programme is designed for both, practicing and aspiring equity analysts, from both the buy side and the sell side. Since the programme is designed at an intermediate level, participants must have a prior understanding of financial statements and beginners level financial analysis.



Eligibility Criteria

  • For Indian Participants - Graduates (10+2+3) or Diploma Holders (only 10+2+3) from a recognised university (UGC/AICTE/DEC/AIU/State Government) in any discipline.
  • For International Participants - Graduation or equivalent degree from any recognised University or Institution in their respective country.
Financial analysis and Equity Research

PROGRAMME DELIVERY

This entire programme will be delivered through a virtual classroom. ICFL virtual classrooms will be enabled with technology from which the programme faculty will be able to deliver lectures from one or more studios. The students enrolled in this programme can attend it from their locations, through any device like a desktop, a laptop, a tablet or a mobile

AWARD OF CERTIFICATE

Certification Criteria:

  • Completion Certificate’ on having a minimum attendance of 70% of the sessions and submission of the evaluation assignments for the programme
  • ‘Participation Certificate’ on having a minimum attendance of 50% of the sessions and submission of the evaluation assignments for the programme
  • No certificate shall be issued unless all evaluation assignments are submitted
  • No certificate shall be issued to a candidate having less than 50% attendance of the sessions

PROGRAMME DETAILS

Programme Start Date: June 03, 2018

Last date for submission of application: May 15, 2018

Programme Fees: Total Course Fee is 36,000 + plus applicable tax

Total Programme Duration: 32 hours spread over 10 to 14 weeks

Programme Schedule: Every Sunday from 10.00 am to 1.00 pm