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In this post I have listed down some STEPS. TIPS to be considered while doing Equity Analysis.I have assumed that the reader is well aware of Fundamental &Technical Analysis along with Valuations -   1. Separate the business from the balance sheet        How is the business capitalized? Is it sustainable? Is it relatively efficient/optimal?         What are the assets worth? Liquidation value and reproduction value         Are there any “hidden” assets or liabilities?         Excess cash, real estate, LIFO, etc.         Pension, legal liability, litigation, operational malfeasance, funding/liquidity puts, etc. 2. Separate the business from the cash flows        What are the cash flows saying, regardless of the broader business stereotypes/assumptions?        How much cash can be taken out of the business every year? Owner’s earning (net income plus DA minus capex) normalized and over time         Earnings yield (EBIT/TEV) and ROIC (EBIT/(WC+fixed assets))         What are the capex

  Many of us have this question .So, let me start by listing some details of the two instruments. The  Employees’ Provident Fund , or EPF, is a retirement fund for organised sector employees, managed by the Employees’ Provident Fund Organization, or EPFO. Under the EPF scheme, a salaried employee pays 12% of basic salary (plus dearness allowance) every month, and an additional 12% is contributed by the employer. In total, 24% goes towards the EPF account. The interest rate is currently fixed at 8.5%. The  Public Provident Fund , or PPF, is a government-backed small-saving scheme. Though started in 1968 with the objective of providing social security during retirement to workers in the unorganized sector and for self-employed individuals, it has become a very popular tax-saving instrument. The interest rate is 7.1%; this is fixed every quarter. Are these debt instruments? A debt investment is one that offers a fixed return to the investor with a promise to repay the principal over a pre