For serious equity investors

Research every company
before you own it.

Get a 21-section analyst-grade report on any company in minutes. Know the business, the numbers, the risks, and the edge — so every investment decision is made on evidence, not instinct.

Start for free See what's in a report →
NSE · BSE · Global markets No credit card required Free to get started
Reliance Industries — Full Research Report
21 Sections
Company Overview
Product Portfolio
Industry Analysis
Financial Analysis
Market Data
Valuation
Investment Thesis
Management & Board
ESG
M&A Strategy
Value Analysis
Credit Profile
Earnings Estimates
Revenue Breakdown
Geographic Exposure
Capital Allocation
Forensic Accounting
IP & R&D
Supply Chain
Catalyst Timeline
FAQ
Reliance Industries — Financial Analysis
NSE: RELIANCE · Report generated just now · 21 of 21 sections complete
Strong Buy Medium Risk ↑ 28% upside
Revenue FY24
₹9.74L Cr
+10.2%
Net Profit
₹79,020 Cr
+8.9%
EBITDA Margin
17.8%
+90bps
P/E Ratio
26.4x
vs 22x peers
AI Research Summary: Cash conversion consistently above 85% over trailing 4 quarters. Retail segment EBITDA growing 18% YoY and Jio subscriber ARPU expanding steadily — both underpin the ₹3,200 price target. Primary watch item is O2C margin recovery as petrochemical spreads normalise. No material red flags detected in forensic accounting section. Read full analysis →
21
sections per research report
~5 min
to generate a full analysis
NSE + BSE
Indian markets built-in
6
stocks compared side by side
∞
companies you can analyse
The research gap

Most investors buy stocks.
Few understand the business.

A proper equity analysis covers financials, competitive position, management track record, valuation, ESG risk, forensic accounting checks, and more. Done manually, that's weeks of work. Most retail investors skip it — and pay the price later.

✗
Without research
Tips, charts, gut feel. You don't know the business model. You can't write down your thesis. You have no idea what would make you wrong.
≈
The institutional gap
Sell-side analysts have 20-person teams, Bloomberg terminals, and management access. Retail investors get a quarterly earnings summary and a target price.
✓
With Equity Researcher
Institutional-depth analysis on any company — financials, valuation, forensic checks, competitive moat, investment thesis — in minutes, not weeks.
Deep-dive reports

21 sections.
Every angle covered.

Enter a company name and ticker. In minutes, you have a structured, analyst-grade report covering every dimension an institutional investor cares about: the business model, financials, valuation, competitive moat, management quality, ESG exposure, red flags in the accounts, and a recommendation with price target.

Need to refresh one section without rerunning the whole report? Done. Want to dig deeper? An AI chat assistant answers follow-up questions with full context of the report.

Business overview, products, competitive moat, and market position
Financial deep-dive: revenue trends, margins, cash flow quality, debt
Valuation: P/E, EV/EBITDA, DCF model, and peer benchmarks
Forensic accounting: earnings quality, red flags, and warning signals
Investment thesis with recommendation, price target, and risk factors
AI chat for follow-up questions — always in context of your report
Run your first report →
What's in every report
Company Overview
Product Portfolio
Industry Analysis
Financial Analysis
Market Data
Valuation
Investment Thesis
Management & Board
ESG Profile
M&A Strategy
Value Analysis
Credit Profile
Earnings Estimates
Revenue Breakdown
Geographic Exposure
Capital Allocation
Forensic Accounting
IP & R&D
Supply Chain Risk
Catalyst Timeline
FAQ (6 perspectives)
Refresh any section independently · Export to PDF · Chat for follow-ups
Daily Alert — RELIANCE · Today 08:00
Reliance Retail finalises JV with luxury fashion group
Economic Times · Reuters · 2 sources · 6 hours ago
Impact Assessment
Positive for the long thesis. The JV validates the premium retail strategy and adds an estimated ₹800–1,200 Cr in incremental GMV by FY26. Management guidance on margin expansion remains intact. No thesis change required.
High Impact Positive sentiment
Alert run #47
News intelligence

Know about it
before the market moves.

Set a monitoring alert on any company in your portfolio or watchlist. Choose your frequency — hourly for active positions, daily for the watchlist, weekly for long-term holdings.

When news breaks, you don't get just a headline. You get a thesis-aware impact assessment: Is this material? Does it change my view? What do I need to know? Act in minutes, not hours.

Hourly, daily, or weekly cadence — configurable per stock
Sentiment scoring: Positive / Negative / Neutral with context
Impact rating relative to your investment thesis
Key points extracted — no need to read the full article
Full run history — see how the narrative has shifted over time
Manual trigger: run an instant check with one click
Investment journal

Track your reasoning,
not just your returns.

The most dangerous habit in investing is forgetting why you bought something. The journal forces you to write it down before you buy: your thesis, your invalidation criteria, your conviction level, your expected value.

When you close a position, you rate how accurate your thesis was. Over time, the analytics reveal your true edge — not whether prices went up, but whether your analysis was right.

Write your thesis before you buy — not after
Set invalidation triggers: what would make you sell
Conviction score (1–5 stars), target price, stop-loss level
Expected value: probability × upside vs probability × downside
Post-trade review: accuracy rating and lesson learned
Analytics: win rate, average return, expectancy, calendar heatmap
HDFC Bank — Long Thesis
Opened 14 Jan 2024 · Entry ₹1,450
Open
Conviction
★★★★
Target
₹1,900
Upside
+31%
Thesis: Post-merger integration headwinds are temporary. HDFC Bank's deposit franchise and credit underwriting standards are best-in-class. The combined entity's distribution scale creates a durable moat over the next decade.
Invalidation: Net NPA exceeds 2.5%, or management guidance on loan growth cut below 15%.
Portfolio analytics

See your thesis
in the numbers.

Every position tells a story — but only if you're tracking the right metrics. Add your holdings, and the portfolio view shows you live P&L, sector concentration, cost basis, and how each position is performing against your original thesis.

Benchmark your portfolio against Nifty 50 or Sensex. See which sectors you're overweight in, where your returns are coming from, and whether your best ideas are actually your biggest positions.

P&L per position: unrealised gain, return %, days held
Sector & market cap allocation with concentration warnings
Portfolio return vs Nifty 50 and Sensex benchmarks
Cost basis tracking with average buy price
Top contributors and detractors at a glance
Export portfolio summary to PDF
My Portfolio +18.4% vs Nifty
Total P&L
+₹4.2L
+24.1%
Invested
₹17.4L
6 positions
vs Nifty
+18.4%
alpha
StockValueReturnWeight
RELIANCE ₹5.8L +31.2% 33%
HDFC Bank ₹4.1L +18.4% 24%
Infosys ₹3.2L +9.7% 18%
Zomato ₹2.4L +44.1% 14%
Coal India ₹1.5L −4.2% 9%
ITC ₹0.6L +6.8% 3%
Compare — Telecom Sector
Metric Reliance Jio Airtel BSNL
Revenue (FY24) ₹1.06L Cr ₹1.42L Cr ₹21k Cr
EBITDA Margin 52.1% 51.8% −28.4%
Subscribers 481M 550M 83M
ARPU (₹) 181 208 89
5G Rollout Pan-India 25 cities None
P/E Ratio — 42x N/A
Moat Rating ★★★★★ ★★★★ ★★
Recommendation Buy Hold Avoid
Side-by-side comparison

Pick the best in class,
not just the familiar name.

Before you commit to a sector bet, you need to know which company within it actually deserves your capital. The comparison tool lines up to 6 companies across every metric that matters — financials, valuation, competitive position, moat rating, and AI recommendation.

No more switching between browser tabs or reconciling numbers from different sources. One screen. Every number. The answer is obvious.

Compare up to 6 companies in a single view
Financial metrics: revenue, margins, cash flow, debt ratios
Valuation multiples: P/E, EV/EBITDA, P/B, dividend yield
Qualitative moat rating and AI recommendation per company
Highlight best-in-class cell across every row
Export the full comparison table to PDF
Watchlist & price alerts

Watch it patiently.
Strike precisely.

Great investing is mostly waiting — waiting for a wonderful company to reach a price that makes sense. The watchlist is where you track the companies you want to own, at a price you'd be happy to pay.

Set a buy alert at your target entry price and a second alert if the stock moves past your upper bound. When either triggers, you get a browser notification so you can act immediately — not hours later when you happen to check.

Add any NSE / BSE stock to your watchlist instantly
Set lower and upper price thresholds per stock
Browser push notifications when thresholds are crossed
Live price and intraday % change on every card
Upcoming events overlay: earnings, dividends, AGM dates
One-click to generate a full research report on any watchlist stock
TITAN
NSE
₹3,412
−0.8%
Alert ₹3,100 Alert ₹3,600
Buy Zone + Add to journal
Asian Paints
NSE
₹2,789
+1.4%
Alert ₹2,600 Alert ₹3,200
Approaching target + Add to journal
Bajaj Finance
NSE
₹6,930
+2.1%
Alert ₹6,500 Alert ₹7,500
Watch + Add to journal
Custom Section Builder New template
Section Name
Promoter Pledging Analysis
Research Prompt
Analyse the promoter pledging history over the last 3 years. Identify any sharp increases in pledged shares, cross-holdings, and potential liquidity risk to the promoter group. Flag any quarters where pledging exceeded 25% of promoter stake.
Output Fields
Current pledged % of promoter holding
3-year pledging trend (Rising / Stable / Falling)
Risk rating (Low / Medium / High)
Key risk events and dates
Analyst comment
Save & run on company
Custom research sections

Your research edge,
codified.

Every serious analyst has their own frameworks — things they always check that the standard model ignores. Promoter pledging. Capital allocation track record. Regulatory exposure. Founder-led vs committee-managed.

With custom sections, you define the analysis template once — the question, the output fields, the criteria — and run it on any company in seconds. It appears inside the research report, right alongside the built-in sections.

Define any research template: prompt + output fields
Run your custom analysis on any company instantly
Results appear inside the report — not in a separate tool
Saved templates reusable across all your research
Examples: pledging risk, capital allocation grade, founder quality
No coding, no configuration — built in a plain text form
Research queue

A queue for every
company worth knowing.

The best investment ideas don't always arrive at a convenient time. The research queue is where you park them — companies to dig into, questions to answer, sectors to understand — and work through them systematically.

Each task runs a 4-stage AI pipeline: plan the research approach, answer each sub-question, synthesise the findings into a coherent view, then enhance with supporting data. The result is a structured research brief, available whenever you need it.

Add any research task: company, sector, or strategic question
4-stage AI pipeline: Plan → Research → Synthesise → Enhance
Background processing — comes back to completed when done
Todo / In Progress / Completed kanban board view
Full answer with sub-question breakdown and sources
Run tasks immediately or queue for background processing
Todo
Is Adani Ports a quality business at current valuation?
Sector deep-dive
Compare IRFC vs PFC vs REC for infrastructure debt
Comparison
Processing
HDFC AMC vs Nippon India AMC — which asset manager is better positioned for India's SIP growth story?
Plan
Research
Synthesise
Enhance
Stage 3 / 4
Completed
What is the regulatory risk for Quick Commerce in India?
Policy
Tata Motors EV thesis — is the UK business a drag or a catalyst?
Deep-dive
EQUITY RESEARCHER
Generated 10 Mar 2026
Reliance Industries Ltd.
NSE: RELIANCE · Full Equity Research Report · 21 Sections
Strong Buy
Target ₹3,200
28% upside
Revenue
₹9.74L Cr
Net Profit
₹79,020 Cr
EBITDA
17.8%
P/E
26.4x
01. Company Overview
04. Financial Analysis
07. Investment Thesis
Download PDF
PDF export

Analyst-grade output,
ready to share.

Research that lives only in a browser is research that doesn't get shared, filed, or referenced again. Every view in Equity Researcher can be exported to a professionally formatted PDF — with all the metrics, analysis, and recommendations intact.

Use it to share with a partner before a large position, file it alongside your journal entry, send it to a colleague, or simply keep a paper trail of what you knew and when you knew it.

Full 21-section research report to PDF in one click
News alert history: every impact assessment in a clean brief
Investment journal entries with thesis, conviction, and review
Portfolio summary: holdings, P&L, allocation, and benchmark
Side-by-side comparison table with all metrics
Professional A4 layout with headers, metrics grid, and running footer
How it works

From company name
to investment conviction.

1
Enter a company
Type any company name and ticker symbol. NSE, BSE, NYSE, NASDAQ — global markets supported.
2
Get the report
The AI builds a complete 21-section research report. Refresh any section independently, export to PDF, or chat for follow-ups.
3
Set alerts
Configure news monitoring on any schedule. Get thesis-aware impact assessments whenever something material happens.
4
Log your thesis
Before you buy, write your thesis, conviction, and invalidation criteria. After you close, review your accuracy and learn.
"
The person that turns over the most rocks wins the game — and that's always been the approach I take in terms of looking for the best investment.
— Peter Lynch
The edge isn't information. It's understanding. Start researching →
Ready to invest with conviction?

Stop investing on instinct.
Start investing on insight.

Every serious investment deserves serious research. Get institutional-grade equity analysis on any company — for free.

Create free account Already have an account →

No credit card required · NSE · BSE · Global markets