NIFASE
Job Oriented Course

Equity Research Certification

Instructor: NIFASE Faculty
164,220 already enrolled
Included with NIFASE Institute
9 modules
Module-wise syllabus
4.7
(4,580 reviews)
Certificate
Level
Flexible schedule
Learn at your own pace
97%
Learners liked this course

A focused program to build strong fundamentals in equity research, valuation, reporting, and analytical tools.

Skills you'll gain

Equity ResearchValuation BasicsFinancial StatementsIndustry AnalysisCompany AnalysisExcel BasicsReport WritingPortfolio Concepts

See where our learners get hired

Roles across brokerages, banks, research desks, and fintech.

Hiring / Placement support

Modules

Module 1: Understanding Financial Jargons
  • Overview of NSE, BSE, MCX etc.
  • Understanding income statements
  • Balance sheet analysis
  • Cashflow analysis
  • Brief on various software tools
  • How capital markets work worldwide
  • Fundamental vs technical analysis
  • Top-down and bottom-up approach
Module 2: Industry & Company Analysis
  • Macro & micro aspects in relation to stock markets
  • Markets affected by IIP, inflation, PMI, monetary policy etc.
  • Regression analysis and ANOVA distribution (intro)
  • Correlation & covariance analysis
  • Financial terminology: buyback, bonus, corporate actions etc.
Module 3: Analyst Tools & Usage
  • Quarterly results analysis
  • Annual reports analysis
  • Management discussion
  • Directors reports
  • How to read company annual report & DRHP
  • NPV & IRR rules
  • HPR & HPY
  • Statistical concepts & market returns
  • Demand supply & elasticity concepts
  • Comparative analysis
  • IPO analysis
Module 4: Stock Analysis Techniques
  • Stock portfolio model
  • Descriptive statistics models
  • Understanding standard deviation & variance
  • Understanding CAL, SML & CML equations
  • Markowitz modern portfolio model
  • Skewness, kurtosis & range
  • Net asset value analysis
  • CANSLIM model by William J. O'Neil
  • Relative & comps techniques
  • Dividend discount model
Module 5: Decoding Ratios
  • Ratio analysis (ICR, debt-equity, PAT margin, debtors etc.)
  • Step-wise DuPont analysis
  • Sharpe & Treynor ratio; alpha & beta analysis
  • PE, EPS, ROI, ROA analysis
  • Capital budgeting & cost of capital
  • Capital asset pricing model (CAPM)
  • Weak-form, semi-strong, and strong-form market efficiency
Module 6: Stock Market Basics & Buy Side / Sell Side
  • Company analysis – qualitative dimensions
  • Company analysis – quantitative dimensions
  • Banking sector terminology
  • Mutual fund analysis
  • Basic use of Excel & techniques
  • Qualities of a good research report
Module 7: Discounted Cash Flow (DCF) Approach
  • Time value of money
  • Forecasting techniques
  • Revenue builders
  • Build asset and depreciation schedule
  • Build P&L and balance sheet
  • Build assumptions & debt schedule
  • Understanding FCFF and FCFI
  • Build CapEx schedule
  • Decode Ke, Kd, Kp with WACC
  • CAPM and its understanding
  • EV/EBITDA and SOTP (overview)
Module 8: Derivatives & Fixed Income
  • Understanding concepts
  • Understanding calculators
  • Basics of derivatives
  • Forwards & futures
  • Put-call parity
  • Basic hedging strategies for analysts
Module 9: Other Important Concepts
  • Live & desk cases on companies
  • Knowledge sessions on undervalued & overvalued stocks
  • Understanding analyst presentations
  • Review current macro & micro trends
  • Review global trends (Eurozone crisis, oil crisis, etc.)
  • Mid-term and end-term examination

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FAQ

Answers before you even ask.

A quick rundown of how NIFASE works so you can focus on trading, not decoding terms and conditions.

NIFASE is a finance and trading education hub that combines funded evaluations with structured learning so traders can qualify for real payout accounts.

Basic market knowledge helps, but the programs start from risk and psychology foundations, then move into playbook building and evaluation rules.

Once funded criteria are met, you can request withdrawals on the dashboard. Approved payouts are processed to your chosen method and logged as certificates.

Most challenges are one‑time fees per account size, with optional re‑tries and scaling plans if you want to grow into larger capital tiers.