Understand the business before the numbers
What the company actually sells, how it makes money, who it competes with and where it sits in its industry — the context that stops a ratio from being read wrongly.
Free learning initiative
A free equity research crash course, from raw filings to a written view
Equity research is the discipline behind analyst, investment and portfolio roles. Jobaaj Learnings is making this crash course free for every student — financial statements, ratios and forecasting, market data, technical analysis, and the report that ties it together.
No payment step. Open the first lesson straight away.
// Relative valuation, illustrative
FY+1 EPS estimate = 118.40
Peer median P/E = 24.5x
Implied value = EPS * P/E
Implied value
₹2,901
vs ₹2,447 mkt
Implied upside
18.6%
on peer median
Method
Relative
P/E multiple
Revenue growth, 3yr CAGR11.2%
Operating margin24.8%
Return on equity31.4%
Net debt / EBITDA0.3x
Illustrative figures, not a recommendation
Our learners now work at
What you'll learn
How an analyst gets from a filing to a defensible view
Anyone can quote a P/E. The work is knowing which comparison is fair, which assumption is doing the heavy lifting, and how to write it down so someone else can challenge it.
Read financial statements properly
Balance sheet, P&L and cash flow, and how the three interlink — including the difference between profit reported and cash actually received.
Screen with ratios that mean something
Margins, returns, leverage and growth rates, plus how to compare them against a company’s own history and against its peers rather than in isolation.
Forecast the numbers forward
Build historical trends into a forward view, interlink the statements so a change flows through correctly, and sanity-check what your assumptions imply.
Source and judge market data
Where exchange and corporate data comes from, the difference between live, snapshot, end-of-day and historical feeds, and how to assess whether data is trustworthy.
Add the technical layer, then write it up
Trend, support and resistance, momentum and indicators across different horizons — then the report itself: structure, language, and turning analysis into a defensible view.
Why it's free
We built this to be learned from, not sold.
A lot of people who need a skill like this are exactly the people least able to pay for it — students between semesters, freshers before a first job, anyone rebuilding after a break. So we took the fee off.
01
The whole course, not a preview
Every lesson is open from the start. There's no locked second half and no upgrade waiting three modules in.
02
Free because it should be, not for a window
This isn't a promotional price or a trial. There's no clock on it and no fee arriving later.
03
Built to the same standard as the rest
Nothing was trimmed to make it free. It is the same material, at the same depth, as everything else we teach.
04
Yours to keep
Come back to a lesson next month or next year. Access doesn't expire and nothing gets pulled behind a paywall.
Where it takes you
The skill behind most front-office finance roles
Reading a company and putting a number on it is the common requirement across research, investing, credit and risk. These are the roles it most often opens up.
Equity Research Analyst
Cover a sector, build the models behind it, and publish a view your desk and clients act on.
Investment Analyst
Screen opportunities and pressure-test the case for each one before capital moves.
Credit Analyst
Assess whether a borrower can service its debt — the same statements, read for a different risk.
Portfolio Management Associate
Support allocation decisions, monitor holdings, and explain why a position moved.
Risk Analyst
Quantify exposure across positions and flag where a portfolio is more concentrated than it looks.
Buy-side / Asset Management Analyst
Research names for a fund that holds them for years, not quarters — depth over coverage.
Goldman SachsMorgan StanleyNomuraPreqin
DeloittePwCEYKPMG
ICICI SecuritiesMotilal OswalCRISIL
Salary bands are indicative market ranges for these roles in India, not an outcome promised by this course.
Sixty-second check
What's your analysis level, really?
Five questions on the things that actually trip people up. Answer them and you'll get a read on where you stand — and which part of the course to start from.
Certificate
Finish the course, get certified
Submit your assignment and Jobaaj Learnings issues a verifiable certificate you can share anywhere.
Official and verifiable
Issued and signed by Jobaaj Learnings, with a record an employer can check.
Easy to share
Add it to your résumé or post it to LinkedIn the day it's issued.
Evidence, not decoration
It says you finished the work and submitted the assignment — which is what it's worth showing for.
Learner journeys
Where people took it from here
A few of the moves made by learners who upskilled with Jobaaj Learnings.
H
Harsh
Asset Management Analyst
Moved from studying for CFA Level 2 into an asset management analyst role.
N
Nivas
Research Analyst
Started as a fresher with no industry experience and moved into a research analyst role.
T
Tejashwini
Analyst, MNC investment bank
Went from MBA fresher to an analyst seat at a multinational investment bank.
E
Eldhose
ESG & Investment Research Analyst
Moved from MBA fresher into ESG and investment research.
A
Ambikesh
Valuations Analyst
Switched from an operations background into a valuations role.
D
Deepti
Assistant Manager, Consulting
Returned to work after time away and moved into an assistant manager consulting role.
Individual journeys shared by Jobaaj Learnings alumni. Outcomes vary and are not promised by this course.
Keep going
More free crash courses in finance and markets
Equity research sits in the middle of these. All free from Jobaaj Learnings.
Free crash course
Financial modelling & valuation
Build the three-statement model and DCF that sit underneath a research view.
ExploreFree crash course
Ratio analysis
Go deeper on the ratios — what each one hides, and when a good number is misleading.
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Portfolio management
Move from valuing one company to holding many: allocation, diversification and risk.
ExploreFree crash course
Technical analysis
Extend the charting layer this course introduces — trends, indicators and setups.
ExploreFree crash course
Basics of the stock market
If the market mechanics are new, start here: instruments, exchanges and how trades settle.
ExploreFree crash course
Option trading
Derivatives on top of the equities you can now analyse — payoffs, pricing and risk.
ExploreFAQ
Questions people ask before starting
Yes. Jobaaj Learnings provides it free of cost. There’s no fee to start, no trial period that ends, and no payment step anywhere in the flow.
None. The course starts from the very beginning and builds up from there, so you can begin with no prior experience in the subject.
Yes. Every lesson is recorded, so you can pause, rewind and come back whenever it fits around classes or work. There’s no schedule to keep up with.
Neither. The course is built for people coming from any stream and starts with what the financial statements are before using them. A CFA covers far more ground and takes years — this is a practical introduction to the analysis itself.
No. Everything is taught using sources you can reach for free — company annual reports and filings, and publicly available exchange data. Paid terminals are faster, not different.
Yes. Fundamentals are the core, but the course also covers trend, support and resistance, momentum and indicators, and how to combine both into a single written view.
Read a set of financial statements and see how they interlink, screen a company on ratios against its own history and its peers, build a simple forward forecast, source and sanity-check market data, and write a structured research report that states a view and supports it.
Write to training@jobaaj.com and we’ll get back to you.
Free · Jobaaj Learnings
Ready to learn equity research?
This crash course is completely free. Open the first lesson and start reading a company properly today.
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