Value Research Online

HFCL just had its best year. Yet, cash flows remain zero

Tue, 19 May 2026 10:00:00 +0530

HFCL's export revenue quadrupled and margins rose in FY26. But operating cash flow turned negative Rs 422 crore. Here's what the balance sheet reveals about the risk.

Protection against catastrophes

Mon, 19 May 2008

Can you shield your wealth from wars, crashes, or crises? Diversification and asset allocation offer a practical defense plan.

When 'this too shall pass' doesn't

Sat, 16 May 2026 10:10:05 +0530

Most crises damage sentiment. This one damages things. Physical refining capacity, not just prices, is being destroyed. Here is why the usual stay-the-course advice needs a caveat.

What a stable margin doesn't tell you

Fri, 15 May 2026 10:00:00 +0530

Three companies held EBITDA margins steady for five years, but for different reasons. One is structural, one is earned, one is thin by design. Here’s how to read the difference.

Read the signal, not the list

Mon, 11 May 2026 11:18:36 +0530

PM Modi’s seven appeals signal pressure on the rupee, imports and gold, offering investors clues about all policy moves and market risks in the economy now.

In 2000, expensive destroyed wealth. In 2008, cheap did too

Sun, 10 May 2026 06:00:00 +0530

Low P/E is not low risk. High P/E is not high risk. A stock at 50x earnings can be cheap and one at 8x can be a trap. Here is the framework for thinking about it correctly.

The Omaha show is over

Sat, 09 May 2026 10:00:00 +0530

With Warren Buffett off the Berkshire stage, an era ends. Here’s my reflection on missed chances, investing lessons, and how the magic of Omaha is fading away.

Down 33%, Page Industries is still not cheap

Fri, 08 May 2026 10:13:10 +0530

Revenue grew 8.3 per cent annually since FY22. Q3 FY26 volume growth was just 1.4 per cent. A great brand, but the growth that justifies 54x earnings has not yet shown up.

Beware of 'professional' advice

Mon, 21 Apr 2008 09:42:00 +0530

Most of us would think that taking advice from investment professionals like brokers & advisors would be a good idea. We would be right in seeking advice, but wrong in blindly following it.

The straight-line trap

Thu, 07 May 2026 17:00:00 +0530

People are often quick to dissect complex market systems in the pursuit of patterns and loopholes. Here’s why long-term investing doesn’t need that so much.

This hair oil brand had a great FY26. Turnaround or fluke?

Thu, 07 May 2026 16:59:33 +0530

Bajaj Consumer Care posted its strongest FY26 performance with revenue crossing Rs 1,000 crore and margins surging. But can dit sustain growth, or was FY26 a one-off recovery year?

Investing for the long term on a salary of 35k

Wed, 14 Apr 2021 07:00:00 +0530

Sumit earns 35,000 and is 24 years old. Here’s a financial roadmap for him to help him achieve his long-term financial goals. Find out how you can apply it.

The great investor theory

Mon, 31 Dec 2007 13:05:00 +0530

Do great investors consistently beat markets, or do overarching trends drive returns? Here’s a sharp look at skill, luck and investor overconfidence today.

FIIs are fleeing India. But that's not the whole story

Tue, 05 May 2026 12:12:57 +0530

FIIs sold Rs 1.92 lakh crore of Indian equities in 2026. Understand where money is moving, why IT, BFSI and FMCG are hit, and what it means for your mutual funds.

The stolen crystal ball

Sat, 02 May 2026 10:00:00 +0530

Viral posts call SBF a visionary for backing Anthropic and Cursor. But the real lesson isn't about picking winners – it's about holding capital that is yours.

OnEMI Technology Solutions IPO review: Should you apply?

Fri, 01 May 2026 08:00:00 +0530

OnEMI Technology IPO review: Strong growth, high margins, but rising risks. Should you apply or avoid this fintech lending IPO? Read before investing.

Comfort is expensive

Fri, 01 May 2026

Markets rebound after the US-Iran ceasefire, but the real lesson lies in investor behaviour. Learn why waiting for clarity often means paying more and missing better opportunities.

Great companies, panic prices

Fri, 01 May 2026

Market corrections have pushed several quality businesses to deep discounts. Discover how fear-driven sell-offs create rare buying opportunities.

Why Buffett sold his best stock

Fri, 01 May 2026

Buffett sold a large part of his Apple stake despite calling it his best stock. Here’s what this reveals about portfolio discipline, risk management and why stock picking isn’t enough.

'The market is clearly far more attractive today'

Fri, 01 May 2026

Nippon India MF’s Sailesh Raj Bhan explains why the recent market correction has made valuations more attractive and highlights sectors where investors can find emerging opportunities.