Equity Research Analyst - Sell Side

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.
• 10-15 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.