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Fundamental Analysis & Valuation

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Fundamental Analysis & Valuation

Relative Valuation

Valuing a company by comparing its multiples with those of similar companies or with its own history.

Implied Value = Peer Group Median Multiple x Company's Corresponding Financial Metric ₹ crore
Fundamental Analysis & Valuation

Return on Assets

Net profit as a percentage of total assets, measuring how much profit the asset base generates regardless of funding.

ROA = Net Profit / Average Total Assets x 100 %
Fundamental Analysis & Valuation

Return on Capital Employed

Operating profit as a percentage of the total capital, both equity and debt, used to generate it.

ROCE = Operating Profit (EBIT) / (Shareholders' Equity + Total Debt) x 100 %
Fundamental Analysis & Valuation

Return on Equity

Net profit expressed as a percentage of shareholders' equity, measuring what the business earns on the owners' capital.

ROE = Net Profit Attributable to Shareholders / Average Shareholders' Equity x 100 %
Fundamental Analysis & Valuation

Return on Invested Capital

After-tax operating profit as a percentage of the capital actually invested in operations, excluding surplus cash.

ROIC = Net Operating Profit After Tax / (Total Debt + Equity - Cash) x 100 %
Fundamental Analysis & Valuation

Revenue Growth

The rate at which a company's sales increase from one period to the next.

Revenue Growth = (Current Period Revenue - Prior Period Revenue) / Prior Period Revenue x 100 %