NISM Series XV case studies
NISM Series XV · Put your knowledge to work in context.
NISM-Series-XV: Research Analyst Certification Examination is one of the certification examinations listed by the National Institute of Securities Markets (NISM) under its Research Analyst category. NISM describes itself as a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India, carrying out capacity building activities aimed at enhancing quality standards in securities markets. The Research Analyst category on NISM's site contains two entries: this examination and NISM Series XV-B: Research Analyst Certification (Renewal) Examination, which indicates the base certification is time-limited and renewed through a separate examination. Candidates who intend to work in research roles in the Indian securities markets, and individuals who must hold a valid certification to act as research analysts, are the natural audience. The NISM Series XV case studies are 5 cases and about 3,739 words.
1Unsigned Order Leak During a Plant Visit
You are the lead analyst covering Indian auto components. On 12 March you visit the plant of a Tier-2 supplier.
779 words, about 4 min2Spouse Holding and a Live QIP Mandate
You cover mid-cap specialty chemicals. Your spouse owns INR 1.8 million of the company in a demat account.
729 words, about 4 min3DCF With a Pre-tax Cost of Debt and Above-GDP Terminal Growth
You are valuing a listed Indian consumer company. Your DCF uses a risk-free rate of 7.2%, an equity risk premium of 6.0%, and a beta of 1.1, giving a cost of equity of 13.8%.
714 words, about 4 min4Cash Flow Divergence and a Late Auditor Resignation
A listed specialty retailer reports FY24 revenue of INR 18.4 billion, up 34%, EBITDA margin of 22%, and PAT of INR 1.9 billion, up 40%. Cash flow from operations fell to INR 0.6 billion from INR 2.1 billion.
790 words, about 4 min5Post-IPO Coverage Under ECM Pressure
You are asked by the equity capital markets team to initiate coverage on a company your bank took public eight months ago. Anchor investors' lock-in ends in 30 days.
727 words, about 4 min