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The Equity Research Analyst Program is Valuevade's flagship online course for Indian finance students and early-career switchers. Across 21 modules and 239 hands-on sessions (about 60 hours, including 42 hours of video lectures), you learn accounting under Ind AS, financial statement and ratio analysis, three-statement financial modelling, and valuation by DCF, comparable companies and SOTP — then finish with three portfolio capstones: an initiating-coverage report, a sector coverage note, and a working AI research copilot. Lifetime access costs ₹4999 one-time, and your first session is free.

For B.Com/BBA/MBA students, CFA and FRM candidates, CA students moving toward markets roles, and early-career professionals switching into equity research, IB, asset management or Big 4 advisory.

20 modules215 sessions88h videoBeginner

₹4999 lifetime · No subscription

20
Modules
215
Sessions
88h
Hours of Content
3
Capstones

What you'll be able to do

  • Build a linked three-statement financial model with debt and depreciation schedules and sensitivity tables
  • Complete a DCF valuation of an NSE-listed company and defend your WACC and terminal-value assumptions
  • Run a comparable-companies analysis: pick a peer set, normalise the numbers, and triangulate a value range
  • Perform ratio and DuPont analysis on real Indian financials, including banks
  • Spot forensic red flags in annual reports and SEBI filings
  • Write a full initiating-coverage report and a sector coverage note to sell-side conventions
  • Clear a multi-round mock interview with scored feedback on technicals, communication and structure
  • Build and ship a working AI research copilot as a portfolio project
Try Free — No Account Needed

Experience a full session — video, notes, quiz and simulation — before committing. No sign-up required.

Try: Formulas 101 — References, Operators & How Formulas Travel

The full syllabus — module by module

Be the first to complete this module
What Is Finance, Really?25min
The Balance Sheet — What a Company Owns and Owes25min
The Income Statement — The Story of Profit25min
The Cash Flow Statement — Why Profit Isn't Cash25min
The Rules of the Game — Accounting Principles & Ind AS25min
Economics for Analysts — The Forces Behind the Numbers25min

Capstone deliverables (after all modules)

C1Capstone 1: Full initiating-coverage report on a listed Indian company
C2Capstone 2: Sector coverage note
C3Capstone 3: Build a working AI equity research copilot

How the course works

Every session follows the same loop: interactive notes → adaptive quiz → hands-on simulation, with Pari available in context at every step. Simulations come in three formats — interactive Excel (formulas, drag-fill, VLOOKUP, multi-sheet; auto-graded), branch-based decision scenarios, and applied reading with quizzes. The Study Planner takes your deadline or daily-hours budget and schedules all 239 sessions; progress, streaks, XP and doubt history persist if you pause. Excel simulations are desktop/laptop-only.

Certificate & external standards

Valuevade Certificate of Completion

A PDF issued in your full name with the completion date and a unique certificate ID, the moment you finish all three capstones. Formatted for LinkedIn's Licenses & Certifications field.

NISM Series XV (Research Analyst)

The curriculum maps to the exam syllabus so you can sit the SEBI-established NISM exam with confidence. Valuevade prepares you for it; the NISM certificate itself is earned by passing NISM's exam.

§07 // TRUSTTRANSPARENCY · INSTRUCTOR · STANDARDS

TRANSPARENCY

Who built this — and why you can trust it

01 · INSTRUCTOR

The program's 42 hours of video lectures are designed and taught by Saarthak Bhatia, who built the full course content end-to-end. Every module is scripted and recorded before release. Saarthak is a qualified Chartered Accountant (CA), US Certified Management Accountant (CMA US) and ACCA (UK) — a triple-credential accounting and finance stack — with close to five years of teaching experience across Grant Thornton Bharat (Learning GT), FinTram Global, Zell Education and QuintEdge, and earlier at The Narayana Group and Byju's Learning App.

CA · CMA US · ACCA (UK)~5 YRS · TEACHING
02 · STANDARDS

The curriculum maps to the NISM Series XV (Research Analyst) exam syllabus — so what you learn is checked against external standards, not just our own.

NISM SERIES XVEXTERNALLY ANCHORED
Final Track Output

What you'll walk away with

C1

Initiating-Coverage Report

Company analysis, three-statement model, DCF and comps valuation, and a full recommendation write-up on a listed Indian company.

Sample page from a Valuevade student initiating-coverage report on an Indian large-cap

Sample preview — student capstone

C2

Sector Coverage Note

Industry structure, comparables set, and a house coverage view — written to sell-side conventions.

Sample page from a Valuevade student sector coverage note showing a comparables table for Indian private-sector banks

Sample preview — student capstone

C3

AI Research Copilot

A working research tool you built end-to-end — the portfolio artefact that demonstrates you can deploy AI, not compete with it.

Sample screenshot of a Valuevade student-built AI equity research copilot web app

Sample preview — student capstone

Frequently asked questions

Last updated: 25 August 2026

How Valuevade compares

FeatureValuevadeWallStreet SchoolIFMCCourseraImarticus / Upgrad
FormatSelf-paced softwareInstructor-led cohortInstructor-led + onlineSelf-paced video (subscription)Instructor-led cohort
Modules21Not publishedVaries by courseVaries by courseVaries by program
Sessions & simulations239 hands-on sessions, one simulation per sessionLive classroom hoursLive + recorded lecturesRecorded video lecturesLive + recorded lectures
Capstone deliverables3 (initiating-coverage report, sector note, AI research copilot)Live projectsProjects includedPeer-graded projectsCapstone included
Mock interviewsAI, multi-round, scored feedbackInterview-prep sessionsPlacement-assist mocksNot typically includedInterview prep + placement support
NISM Series XV prepIncluded, mapped to syllabusNot focused on NISM XVOffered as a separate courseNot coveredCovered in select tracks
24/7 AI tutorIncluded (Pari, context-aware)Not offeredNot offeredNot offeredNot offered
Price₹4999 one-time₹45,000+₹10,000 – ₹35,000+₹4,000 – ₹7,000 / month₹1,00,000+
AccessLifetimeCohort durationCourse durationSubscription-basedCohort / program duration

Competitor figures are directional, sourced from each provider's publicly listed programs and reviewed periodically. Please check the provider's site for the latest published fees before making a decision.

Equity Research Analyst

Master the complete equity research workflow — from reading financial statements to building DCF models and writing investment reports that get noticed on the Street.