January 12, 2018

Analysis: Bharat Rasayan Limited

www.drvijaymalik.com has a dedicated section for investment & stock specific queries of readers: “Ask Your Queries”. Over time, readers have asked queries about multiple stocks in this section. We have answered these queries after doing post preliminary analysis of the stocks under consideration. Readers have found such analysis helpful.

“Analysis” series is an attempt to summarize & share with all the readers, the key questions and their answers, which have featured on “Ask Your Queries” section. The primary aim of this new feature is to share the knowledge with all the readers of the website.

The current section of this series, “Analysis” covers Bharat Rasayan Limited, an Indian player in crop protection industry dealing in the entire range of products ranging from technical pesticides, formulations and its packaging material.

Fundamental analysis of Bharat Rasayan Equity Research Report, Ratio analysis, Annual report analysis, Management Analysis, profitability analysis, FCF, SSGR, Insecticides, Pesticides

January 5, 2018

Do we keep target price, Can increase in share price create issues, how do we monitor stocks, how long growth history to prefer, Diluted EPS or Cash EPS (Q&A)

www.drvijaymalik.com has a section dedicated to answering queries from readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. We have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to the following queries:
  • Do we keep target prices for stocks?
  • Can an increase in the share price create issues for lenders?
  • How do we monitor the companies and stock prices?
  • At how many years of growth should one focus?
  • Should one take 10 years growth in all cases?
  • Which EPS should one use: Diluted EPS or Cash EPS? 

_Do we keep target prices of stocks,
Can increase in the share price create issues, how to monitor, Diluted EPS or Cash EPS


December 31, 2017

Can We Trust the Auditors, Is Credit Rating Mandatory, What to do when Growth slows down after P/E Rerating, How to Learn about New Industries (Q&A)

www.drvijaymalik.com has a section dedicated to answering queries from readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to the following queries:
  • Can we trust the work done by auditors of companies?
  • Is a credit rating mandatory for all the companies having debt?
  • How can an investor calculate the CAGR of a portfolio?
  • What do we do when the growth of a company slows down after P/E rerating?
  • How can an investor learn about industries, which are new to her?
  • How to combine standalone & consolidated financials of companies for analysis?
  • Role of depreciation in CFO and Capex calculations


Can we trust the auditors, Is a credit rating mandatory for debt, calculate the CAGR of a portfolio, growth of a company slows down, learn about new industries, combine standalone & consolidated financials

December 30, 2017

Launching "Peaceful Investing" Workshop-on-Demand (Premium Service)

We have been regularly conducting “Peaceful Investing” workshops in India and abroad where we elaborate our fundamental bottom-up stock investing approach “Peaceful Investing” to the participants. These workshops cover all the aspects of stock investing like how to shortlist and analyse stocks in detail, which stocks to buy, what price to pay, how many stocks to buy, how to monitor the stocks, when to sell a stock etc.

The participants of “Peaceful Investing” workshops have found it very useful. Many participants have shared their experiences with us, which are available here: Participants’ Experiences of “Peaceful Investing” Workshops

“Peaceful Investing” workshops have received very good response from investors both from India and overseas. Until now, we have conducted the workshops in major Indian cities and Dubai.

However, we have received pre-registrations/expressions of interest for the workshop from many other Indian as well as international locations. Due to lack of sufficient number of interested participants at many of these Indian and overseas locations, it is difficult for us to conduct “Peaceful Investing” workshop in many of these cities.

As a result, we have recorded one complete full day “Peaceful Investing” workshop and are offering it as a premium service at our website as “Peaceful Investing” Workshop-on-Demand

Fundamental Analysis, Value Investing, Bottom Up Investing Workshop, Peaceful Investing, Video on Demand, Portfolio Management, Screener Demonstration

  • This service allows the investors across the world to watch the complete full day “Peaceful Investing” workshop online on their laptop/mobile phone at any time & place of their convenience, as many times as they can, during the period of subscription.
  • This service also allows an opportunity to past participants of “Peaceful Investing” workshops to revisit the workshop and refresh the learning.

Fundamental Analysis, Value Investing, Bottom Up Investing Workshop, Peaceful Investing, Video on Demand, Portfolio Management, Screener Demonstration


You can watch FREE Sample Video (16 min) of the workshop where we have discussed the basics of balance sheet along with fund flow analysis here:

FREE Sample Video: A Glimpse Into "Peaceful Investing" Workshop

“Peaceful Investing” workshop is an avenue where we elaborate our fundamental bottom-up stock investing approach “Peaceful Investing” to the participants. The workshop covers all the aspects of stock investing like how to shortlist and analyse stocks in detail, which stocks to buy, what price to pay, how many stocks to buy, how to monitor the stocks, when to sell a stock etc. The workshop focuses on key concepts needed for stock analysis for both a beginner and seasoned stock investor using live companies as examples.

Until now, we have conducted 17 workshops in India and abroad (Dubai), which have benefited more than 700 participants. Participants of the workshops have found it very useful and many of them have shared their experiences with us, which are available here: Participants’ Experiences of “Peaceful Investing” Workshops



Overtime, many investors interested in attending a “Peaceful Investing” workshop have asked us whether they can watch a sample video to assess the teaching methodology in action, which would help them in getting prepared for the kind of teaching to expect in the “Peaceful Investing” workshop.

Because of the frequent requests, we have recorded a complete full-day “Peaceful Investing” workshop. It would help the investors based in those locations in India as well overseas where we do not conduct “Peaceful Investing” workshops.  

December 22, 2017

How to interpret delay in payment of undisputed taxes and payment of dividends out of debt? Are Reserves and Cash the same? What's the role of WACC & ROCE? (Q&A)

www.drvijaymalik.com has a section dedicated to answering queries from readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to the following queries:
  • What should an investor interpret when a company delays the deposit of undisputed statutory dues?
  • Are reserves & surplus and cash & bank balances the same? How should investors correlate them?
  • Why do companies with negative free cash flow pay dividends out of debt?
  • What is the role of weighted average cost of capital (WACC) & return on capital employed (ROCE) in our stock analysis 
Delay in deposit of undisputed statutory dues, Are reserves & surplus and cash & bank balances the same? negative free cash flow pay dividends out of debt?
What is the role of weighted average cost of capital (WACC) & return on capital employed (ROCE)





Subscribe for email updates at our website to get the FREE e-book: "Case Studies: Applying Peaceful Investing Approach"

December 18, 2017

Participants' Experiences: "Peaceful Investing" Workshop, Hyderabad, December 10, 2017

We conducted our second “Peaceful Investing” workshop in Hyderabad on December 10, 2017. The workshop was aimed at sharing equity investing knowledge with the participants that could help them gain confidence while taking their equity investment decisions.

The presence of participants coming from places like West Bengal, Mumbai, Bengaluru, Visakhapatnam, Vijayawada and parts of Karnataka, Andhra Pradesh and Telangana to Hyderabad made it a special occasion for us.

Fundamental Stock Investing, Value Investing Workshop by Dr Vijay Malik. How to do Stock Analysis, Portfolio Management, Reading Annual Reports, Credit Rating Reports

December 17, 2017

Interpreting Low NFAT and Negative Working Capital Companies, Why Companies may remain Debt-Free despite Low SSGR, Are Buying & Holding Criteria Different (Q&A)

www.drvijaymalik.com has a section dedicated to answering queries of readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to:
  • Why should investors be cautious while investing in companies with low net fixed asset turnover (NFAT)?
  • How to interpret companies with negative working capital?
  • Why would a company with SSGR less than sales growth be debt free?
  • Is increase in the market cap being less than retained earnings a red flag?
  • How to calculate operating profit?
  • Are buying and holding criteria different?
Be cautious with low net fixed asset turnover (NFAT), interpret companies with negative working capital, SSGR less than sales growth, increase in the market cap less than retained earnings, calculate operating profit calculation, buying and holding criteria

December 13, 2017

Launching FREE E-book for Email Subscribers of Our Website

Recently, we have launched an e-book “Case Studies: Applying Peaceful Investing Approach”, which contains illustrations of application of the concepts of our stock analysis approach “Peaceful Investing



The e-book “Case Studies: Applying Peaceful Investing Approach” is being provided FREE to all the investors who would subscribe to the email updates from our website (www.drvijaymalik.com).

December 11, 2017

Register for "Peaceful Investing" Workshop, Bengaluru, Feb 25, 2018

One of the key methods to generate significant wealth from stock markets is to buy & hold fundamentally sound stocks over long periods of times extending to years and many times to decades. However, such long investing duration invariably contains periods of exuberance & distress where the market price rises & falls significantly. It leads to strong emotional reactions from investors that make holding stocks for the long term a difficult proposition.

Therefore, the patience to hold stocks in fluctuating markets requires very high level of conviction from the investor in her investing decisions.

“Peaceful Investing” workshop aims to focus on stock selection and analysis skills, which would make us much more confident about our stock decisions. It would ensure that our faith would not shake with day to day market price fluctuations and we would be able to reap true benefits of stock markets to fulfil our dream of financial independence.

Full day fundamental stock investing workshop focusing on value investing by Dr Vijay Malik, Peaceful Investing workshop at Bengaluru, Bangalore

December 6, 2017

How to Decide about existing portfolio stocks: Buy more/Hold/Sell, Promoters using funds of listed company to increase their stake, Low float due to promoters' indirect shareholding (Q&A)

www.drvijaymalik.com has a section dedicated to answering queries from readers: “Ask Your Queries”. Over time, many readers have asked their queries related to many aspects of stock analysis and sought clarifications about investing. I have responded to these queries as replies to their comments.

“Q&A” series is an attempt to share the queries & their responses, which have featured on “Ask Your Queries” section, with all the readers. The primary aim of this new feature is to share the knowledge with other readers of the website, who might have similar queries.

The current article in this series provides responses related to:
  • How to decide about existing stocks in the portfolio: buy more/hold/sell?
  • How to interpret the promoters’ usage of funds of a publicly listed company by the route of investments in promoters’ entities to increase their stake in the company?
  • Should one invest in companies with low float due to indirect promoters’ shareholding?

How to decide about existing stocks: buy more/hold/sell, promoters’ using of funds of company to increase their stake, companies with low float due to indirect promoters’ shareholding?