Equity Research Analyst

LKP Securities; Mumbai; On-site; INR 1,500,000 - 2,400,000; Full time

Job summary

LKP Securities Ltd. in Mumbai seeks an Equity Fundamental Research Analyst for the Institutional Equity Research team. You will build and maintain detailed financial models, track quarterly results, and translate data into actionable notes for clients.

The role involves attending management meetings, staying updated on regulatory developments, and collaborating with sales teams to present investment ideas to institutional investors. Strong modeling and report-writing skills are essential.

Qualifications

• Graduate or postgraduate in finance, economics, commerce, or related discipline.
• MBA Finance, CFA, or CA preferred or pursuing.
• 5–10 years of relevant equity research experience; sell-side preferred.

Responsibilities

• Build and maintain detailed financial models (P&L, balance sheet, ratio analysis, valuation).
• Prepare initiating coverage reports, quarterly result updates, sector notes, and event notes.
• Track quarterly results and investor presentations; translate into actionable research notes.
• Monitor RBI, IRDAI, SEBI, and other regulatory developments.
• Update earnings estimates, target prices, and investment ratings (Buy/Hold/Sell).
• Attend management meetings, conferences, and channel checks to form a differentiated view.
• Support institutional sales with stock- and sector-specific inputs for clients.
• Participate in client calls, roadshows, and marketing of research ideas.
• Coordinate with Compliance to ensure SEBI Research Analyst regulations compliance.
• Track peer companies and cross-sector read-throughs.
• Maintain sector databases and valuation summary sheets.

Skills

Financial modeling

Valuation techniques

Analytical skills

Report writing

Excel

PowerPoint

Bloomberg

Capital IQ

SEBI regulations

Communication

Time management

Education

Graduate/Postgraduate in Finance/Economics/Commerce

MBA Finance

CFA/CA

Tools

Ace Equity

Job description

Position Title: Equity Fundamental Research Analyst

Department: Institutional Equity Research (Sell Side)

Reporting to: Head of Research / Senior Analyst

Location: Andheri (Chakala), Mumbai Head Office

Company Profile: LKP Securities Ltd. is a leading financial services provider in India. Established in 1948, the company has a rich history of offering a wide range of services including equity and commodity broking, financial planning, investment advisory, wealth management, and research.

LKP Securities has a strong presence in major Indian cities like Mumbai, Delhi, Chennai, Hyderabad, Kolkata, Ahmedabad, Surat, Pune, Nashik. The company is known for its robust risk management practices and cutting-edge technology platforms that enable seamless trading and investment processes for its clients.

With a team of experienced professionals, LKP Securities is committed to delivering quality services to individual and institutional investors. The company's research division provides in-depth analysis and market insights, allowing clients to make informed investment decisions.

Key Responsibilities:

• Build and maintain detailed financial models (P&L, balance sheet, ratio analysis, valuation) for companies under coverage.
• Prepare initiating coverage reports, quarterly result updates, sector thematic notes, and event-based notes.
• Track quarterly results, management commentary, concalls, and investor presentations of companies under coverage and translate them into actionable research notes.
• Monitor RBI, IRDAI, SEBI, and other regulatory developments.
• Build and update earnings estimates, target prices, and investment ratings (Buy/Hold/Sell) based on fundamental analysis.
• Attend management meetings, industry conferences, and channel checks to build a differentiated view.
• Support the institutional sales team and dealers with stock-specific and sector-specific inputs for client interactions.
• Participate in client calls, roadshows, and marketing of research ideas to institutional investors (FIIs/DIIs/domestic funds).
• Coordinate with Compliance to ensure all research reports adhere to SEBI Research Analyst regulations and internal review processes.
• Track peer companies, competitive positioning, and cross-sector read-throughs.
• Maintain and update sector databases, valuation summary sheets, and comparative company matrices on a regular basis.
• Stay updated on macro-economic indicators (interest rates, credit growth, asset quality trends).
  

Key Skills & Competencies:

• Proficiency in financial modeling and valuation techniques (DCF, P/E, P/B, P/BV, embedded value for insurance, etc.).
• Strong analytical and quantitative skills with high attention to detail.
• Excellent report writing and presentation skills, with the ability to articulate a clear investment thesis.
• Proficiency in MS Excel, PowerPoint, and financial databases (Bloomberg, Capital IQ, Ace Equity, or similar).
• Good understanding of SEBI Research Analyst regulations and sell-side research compliance requirements.
• Strong communication skills to interact with company managements, institutional clients, and internal sales teams.
• Ability to work under tight timelines, particularly during quarterly result seasons.
• Strong analytical and commercial acumen.

Qualifications & Experience:

• Graduate / Postgraduate in Finance, Economics, Commerce, or related discipline.
• MBA Finance, CFA, or CA (completed or pursuing) will be preferred.
• 5-10 years of relevant experience in equity research.
• Prior sell-side research experience preferred; buy-side or credit research experience.
• NISM Research Analyst certification preferred (or willingness to acquire).
• Proven ability to independently track a sector, build financial models, and deliver research output within tight timelines.