Fundamental Analysis - Step-by-Step Example

Prudent_Investor · #41 23rd March 2011, 06:44 PM

Quote:

Originally Posted by mayuprosper

man4urheart and Alchemist thank you very very much for your response. So i would better collect data from nse consolidated as man4urheart said or from respective company sites as standalone reports are worthless. And there is one more site Way2Wealth.com which reflects both options for standalone and consolidated financial reports. May be some others too i think i had come across one. I have uselessly scanned following sites then and collected a huge data of as many as 300 companies,working day and night because of no knowledge.

And what if nse doesn't have some company's consolidated results. They have some audited or unaudited statements. Does the company's site have consolidated financial statements necessarily?

Same source for many sites:

1.FROM DION GLOBAL SOLUTION LTD (RELIGARE TECHNOVA or ASIAN CERC)
moneycontrol.com
economictimes.indiatimes.com
financialexpress.com
indsec.co.in
valuenotes.com
way2wealth.com
indiabulls.com
utvmoney.mangopeople.com (somewhat similar)
rediff.com (somewhat similar)

2.FROM ACCORD FINTECH
16anna.com (Guiness Securities)
businesstoday
money.livemint.com

I have mustered the details like ebidta,pat,npm,eps,roa,roce,p/b,debt/equity,quick ratio,reserve and surplus,book value. I have also spent a lot of time on technical analysis and am subscribed to Investar charting software.

YOU MIGHT THINK I AM CRAZY.BUT YOU GOT TO LEAD ME. AND I WOULD BE HEARTLY GRATEFUL TO YOU IF YOU COULD TELL ME OR LEAD ME TO ANY POST REGARDING IF YOU HAVE MADE HOW TO ANALYSE ANY COMPANY BECAUSE THE WAY YOU GUYS HAVE EXPLAINED,IS EASY TO FOLLOW.

THANK YOU.

For all practical purposes we use Capitaline Plus and CMIE Databases. Also ETIG database provides Standalone and Consolidated numbers.

The best of them all is Bloomberg, but hugely expensive.

Consider subscribing to any one database which would provide solutions to all your searching.

Alchemist · #42 24th March 2011, 08:22 AM

Quote:

Originally Posted by mayuprosper

Thank you Alchemist,

How do i make sure that a particular company doesn't have major subsidiaries? Cause i already have collected standalone data from some of above mentioned sites. Should i continue to gather data from them and calculate?

As I said earlier, check the financial results at the NSE site. According to the listing agreement, it is mandatory for all companies with subsidiaries to file the consolidated results with the exchanges.

Quote:

Audit of Consolidated Financial Statements by the statutory auditors of the company and the filing of Consolidated Financial Statements audited by the statutory auditors of the company with the stock exchanges shall be mandatory.

Source: Clause 32 of NSE Listing Agreement.

mayuprosper · #43 24th March 2011, 10:06 AM

Thank you Alchemist and Prudent_Investor.

I will work my way through nse financial statements as I can't afford subscription at the moment.

Alchemist · #44 24th March 2011, 10:54 AM

Quote:

Originally Posted by mayuprosper

Thank you Alchemist and Prudent_Investor.

I will work my way through nse financial statements as I can't afford subscription at the moment.

You need not use statements at NSE's

Use NSE's site just to check if the consolidated statements are different from standalone statements or not.

If you check NSE's site and find that the company has no significant subsidiary you can use standalone statements from moneycontrol etc to analyze the company.