Develop analytical thinking across economy, industry, company and financial information.
Applied learning
Industry-relevant skills you will build
Economic & Industry Analysis
Interpret macroeconomic indicators, economic trends, market size, cyclicality, industry drivers and KPIs.
Business Analysis
Evaluate business models, pricing power, competitive advantages, governance, management quality, risks and ESG factors.
Financial Statement Analysis
Read balance sheets, P&L statements, cash flows, notes to accounts, audit reports and accounting-quality indicators.
Valuation
Use DCF, relative valuation, trading multiples, transaction multiples and SOTP valuation.
Risk & Return Analysis
Understand return, beta, liquidity, margin of safety, standard deviation and risk-adjusted returns.
Research Communication
Prepare clear, logical and compliant research reports with an investment thesis, valuation, risks and recommendation logic.
Who it is for
Built for learners preparing for research and capital-market roles
NISM-Series-XV Candidates
Prepare through a structured learning path aligned to the major areas covered in the Research Analyst syllabus.
Finance & MBA Students
Build practical understanding of securities markets, financial analysis, valuation and investment research.
Equity Research Aspirants
Learn how analysts study economies, industries, companies, financial performance and valuation.
Investment Research Professionals
Strengthen analytical frameworks and research-reporting skills.
Wealth & Portfolio Professionals
Develop stronger company, valuation and risk-analysis capabilities.
Broking & Advisory Professionals
Improve market research, interpretation and professional communication.
Equity Research, Investment Research, Wealth Management, Portfolio Support Broking Capital Markets
From market understanding to professional research analysis
The
Research Analyst Certification Training is a structured, practical and
exam-focused program designed to build market-relevant equity research and
investment-analysis skills while supporting preparation for NISM-Series-XV.
Understand
the Market
Build a foundation
in securities markets, market participants, equity, debt, commodities, REITs,
InvITs and other instruments.
Analyse the
Economy & Industry
Study GDP,
inflation, interest rates, policy, industry cycles, market sizing, Porter’s
Five Forces and KPIs.
Evaluate
Businesses
Analyse business
models, competitive advantages, management quality, governance, business risks
and ESG factors.
Read the
Numbers
Interpret financial
statements, ratios, audit reports, DuPont analysis, forecasts, peer comparisons
and financial red flags.
Value
Companies
Understand DCF,
relative valuation, trading multiples, transaction multiples, SOTP and
valuation limitations.
Write
Research
Structure investment
theses, valuation summaries, risk factors and recommendation logic into clear
and compliant research reports.
Why structured preparation matters
Research becomes useful when information turns into insight
Learners often study markets, financial statements, valuation and regulation as separate subjects. A structured research process connects them into one analytical framework.
- Understand securities-market concepts in context rather than in isolation.
- Connect economic, industry and company analysis into one research process.
- Move beyond reading financial statements to interpreting what the numbers mean.
- Use valuation methods as analytical tools rather than as formulas to memorise.
- Understand risk, governance, ethics and regulation as part of professional research.
- Prepare for the exam through application, structured revision and question practice.
How we help you succeed: The program develops a complete research mindset—from understanding securities markets to evaluating businesses, analysing financial statements, estimating value, assessing risk and preparing structured research reports.
Your journey from enrollment to charter
No uncertainty after payment
01
Why now
Understand the macro environment shaping industries and markets.
02
Industry
Assess industry structure, cycles, drivers, competitive forces and KPIs.
03
Company
Study business models, management, governance, competitive positioning and risks.
04
Financial Statements Live tier
Analyse performance, cash flows, ratios, accounting quality and red flags.
05
Valuation
Estimate value using multiple approaches and understand their limitations.
06
Research Report
Convert the analysis into a structured thesis, valuation summary, risk view and recommendation logic.
Why it matters
Build research capability that goes beyond exam preparation
Strengthen valuation knowledge and understand the assumptions behind different approaches.
Build research-report writing and communication skills.
Understand legal, ethical, disclosure and conflict-of-interest responsibilities applicable to research analysts.
Prepare for NISM-Series-XV through structured coverage of major syllabus areas.
The curriculum: 16 units
Certificate Course in Equity Research Analyst
Certificate Course in Equity Research Analyst 48 Lessons 18:19:33
Chapter-1 Introduction to Research Analyst Profession
3 Lessons
01:02:52 Hours
-
Part 1: Fundamentals of Equity Research
00:29:09
-
Part 2: Company Analysis & Equity Valuation
00:33:43
Chapter-2 Introduction to the securities market
5 Lessons
01:42:34 Hours
-
Part 1: What are securities and Investment instruments
00:25:43
-
Part 2: Discounted Cash Flow Method & Fixed Income Instruments
00:27:59
-
Part 3: Money Market instruments and fundraising process
00:24:37
-
Part 4: What are derivatives and Derivative analysis
00:24:15
Chapter -3 Terminology in Equity and Debt Markets
4 Lessons
01:23:31 Hours
-
Part 1 Terminologies and Types of Equity Markets
.
-
Part 2 Terminologies in Debt Market and Bond Types
00:37:13
-
Part 3: Terminologies and Types of Equity Markets
00:17:34
Chapter -4 Fundamental of Research
2 Lessons
00:20:15 Hours
-
Fundamental of Research
00:20:15
Chapter- 5 Economic Analysis
2 Lessons
00:27:10 Hours
-
Economic Analysis
00:27:10
Chapter- 6 Industry Analysis
3 Lessons
00:41:43 Hours
-
Part 1 Industry Analysis and Maslow’s Hierarchy of Needs
00:20:31
-
Part 2 Different Types of Taxes & KPI’s for Industries
00:21:12
Chapter- 7: Company Analysis: Business and Governance
4 Lessons
01:33:01 Hours
-
Part 1: Company Analysis: Quantitative and Qualitative
00:34:10
-
Part 2: How to read and analyse an annual reports
00:24:23
-
Part 3: How to analyse various company reports
00:34:28
Chapter 8: Company Analysis: Financial Analysis
3 Lessons
03:07:21 Hours
-
Part 1 Understanding the basis of accounting
00:40:41
-
Part 2 How to Read & analysis Financial Statements
01:15:21
-
Part 3 Financial Analysis using Ratios
01:11:19
Chapter 9: Corporate Actions
1 Lessons
00:33:24 Hours
-
Corporate-Action
.
Chapter 10: Valuation Principle
4 Lessons
01:45:44 Hours
-
Part-1 Valuation-Principle
.
-
Part-2 DCF Method and Valuation Framework
00:40:48
-
Part 3 How to Value a Business
00:29:03
Chapter 11: Fundamental Analysis of Commodities
4 Lessons
00:46:40 Hours
-
Part-1 Fundamental Analysis of Commodities
.
-
Part 2 Global Markets Dynamics
00:25:35
Chapter-12:- Fundamentals of Risk and Return
3 Lessons
00:47:20 Hours
-
Part-1 Fundamentals of Risk & Return
.
-
Part-2 Concept of return on Investment
00:16:34
Chapter-13 - Qualities of a Good Research Report
2 Lessons
00:24:56 Hours
-
Qualities of a Good-Research-Report
.
Chapter-14 - Legal and Regulatory framework
3 Lessons
01:08:52 Hours
-
Part-1 Legal And Regulatory Framework
.
-
Part-2 Research Analyst Regulation
00:35:21
Chapter-15:- Introduction to Technical Analysis
3 Lessons
01:28:11 Hours
-
Part 1: Introduction to Technical Analysis
.
-
Part-2 Chart Reversal Pattern
00:45:55
Chapter 16: AI Research Report Writing
2 Lessons
01:05:59 Hours
-
Part 1: AI Research Report Writing
.
-
Part-2 Why enter the reverse process
00:32:46
Our alumni work at India's leading wealth institutions
CWM® charterholders serve in private banking, wealth advisory, financial planning, and portfolio roles across these organizations — part of a 300,000+ global alumni network.
Exam preparation support
Practice designed to reinforce the learning
Revision Notes
Chapter-wise revision support for faster consolidation.
Formula & Numerical Practice
Important formulas, financial-ratio practice and Excel-based numerical work.
Valuation Practice
Application-oriented practice across valuation methods.
Case-Based Questions
Scenario-driven questions to strengthen analytical application.
Research Report Practice
Practice converting analysis into structured research communication.
Mocks & Exam Strategy
Mock tests, doubt-solving and time-management guidance.
What you will study
15-module curriculum
The curriculum progresses from the research profession and securities-market foundations to fundamental analysis, valuation, risk, research writing, regulation and technical analysis.
Module
What it covers
01 · Introduction to Research Analyst Profession
Role of a research analyst, buy-side and sell-side research, responsibilities, independence, ethics and professional qualities.
02 · Introduction to Securities Market
Primary and secondary markets, equity, bonds, warrants, indices, mutual funds, ETFs, REITs, InvITs, commodities and market participants.
03 · Equity, Debt & Commodity Terminology
Market capitalisation, EPS, dividend yield, P/E, coupon, yield, duration, credit ratings, spot/futures prices and basis.
04 · Fundamentals of Research
Fundamental, technical, quantitative and behavioural approaches to investment research.
05 · Economic Analysis
GDP, inflation, interest rates, exchange rates, fiscal policy, monetary policy and economic trends.
06 · Industry Analysis
Market sizing, cyclicality, business life cycle, Porter’s Five Forces, industry drivers, KPIs and regulation.
07 · Company Analysis: Business & Governance
Business models, revenue and cost structures, pricing power, competitive advantages, SWOT, management, governance, risks and ESG.
09 · Corporate Actions
Dividends, rights issues, bonus issues, stock splits, buybacks, mergers, demergers, delisting and valuation impact.
10 · Valuation Principles
DCF, free cash flow, cost of capital, terminal value, P/E, EV/EBITDA, P/B, transaction multiples and SOTP.
11 · Fundamental Analysis of Commodities
Supply-demand, producers and consumers, currencies, inventories, weather, policy, geopolitics and hedging.
12 · Fundamentals of Risk & Return
Simple, annualised and compounded return; market, credit, liquidity and business risk; standard deviation, beta, margin of safety and risk-adjusted returns.
13 · Writing a Good Research Report
Investment thesis, company and industry overview, financial analysis, valuation, risks and recommendation logic.
14 · Legal & Regulatory Environment
SEBI Research Analyst Regulations, code of conduct, conflicts of interest, disclosures, Investor Charter and regulatory requirements.
15 · Technical Analysis
Price, volume, trends, charts, Dow Theory, patterns, support/resistance, moving averages, RSI, MACD and Bollinger Bands.
Questions before enrolling
Research Analyst Certification
Training FAQs
It is a structured program covering securities markets, research methodology, economic and industry analysis, company analysis, financial statements, valuation, risk, research-report writing, regulation and technical analysis while supporting preparation for NISM-Series-XV.
No. The course objective also focuses on developing practical and market-relevant equity-research and investment-analysis knowledge.
Yes. It covers balance sheets, P&L statements, cash flows, notes to accounts, audit reports, accounting quality, ratios, DuPont analysis, forecasting, peer comparison and financial red flags.
The curriculum includes earnings-based and asset-based valuation, DCF, free cash flow, cost of capital, terminal value, relative valuation, P/E, EV/EBITDA, P/B, trading multiples, transaction multiples and SOTP valuation.
Yes. A complete module covers investment thesis development, company and industry overviews, financial analysis, valuation summaries, risks, recommendation logic and clear research communication.
Yes. The final module introduces charts, Dow Theory, trends, chart patterns, support and resistance, moving averages, RSI, MACD and Bollinger Bands.
Self-paced or live
◆Choose your Study Mode
Choose the study mode that works best for Certificate Course in Equity Research Analyst. Your selected course access and applicable fees are shown below.
Study on your own schedule
₹4125
+ 18% GST
₹4867.5 payable today
Build the mindset of a Research Analyst
Research analysis is not only about collecting data. It is about converting information into insight by connecting markets, industries, companies, financial statements, valuation, risk, regulation and communication.
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