Fundamental Analysis Course in Pune
Our fundamental analysis course in Pune teaches you to look at a company the way an owner would. You'll read annual reports, understand the numbers that matter, and judge whether a price makes sense before you invest a rupee.
- Duration
- 5 weeks
- Schedule
- Weekend or weekday evening
- Mode
- Classroom · Online
- Language
- English · मराठी
- Batches
- New batch every month
Fundamental analysis of share market, taught in plain words
Most people buy shares because of a news story, a friend's suggestion or a price that has already run up. Then they don't know whether to hold or sell when it falls. Fundamental analysis fixes that. When you understand what a company does, how it makes money and what it's roughly worth, a falling price stops being scary and starts being information.
We start with how businesses make money and how to read an annual report without getting lost. Then we go through the three financial statements, the ratios that actually matter, and simple ways to judge valuation and margin of safety. By the end you'll write a one-page investment thesis for a company, including what would make you sell. No formulas for the sake of it, and no stock picks.
This course is for you if
- You want to invest for years, not days
- You want to understand the companies you own
- You've bought shares on tips and want a better way
- You're willing to read an annual report, with help
It's not for you if
- You want short-term trading setups (try Technical Analysis)
- You want a list of stocks to buy
- You expect quick returns from investing
- You're new to the market (start with our beginner course)
How our fundamental analysis classes are run
One company per class
Each session works through a real company's past annual report together, page by page, so the theory always sits next to real numbers.
Questions, not formulas
Instead of memorising ratios, you learn the questions each ratio answers. Is this business getting stronger? Is it paying too much for growth?
A written thesis by the end
Between classes you study one company and draft its thesis. By week five you have a complete one-page thesis, reviewed by Sharad.
Fundamental analysis course syllabus: five modules
Five weeks of live teaching, one module a week, with one company to study between classes. Tap a module to see what's inside.
Download the full syllabus (PDF) ↓01 How businesses make money Week 1
- Business models in plain words
- Reading an annual report without getting lost
- Management commentary and red flags
- Industry and competition
02 The three financial statements Week 2
- Profit and loss statement
- Balance sheet
- Cash flow statement
- How the three connect
03 Ratios and business quality Week 3
- Margins and how they trend
- ROE and ROCE
- Debt, interest cover and working capital
- Comparing a company with its peers
04 Valuation and margin of safety Week 4
- P/E, P/B and EV/EBITDA
- Simple discounted cash flow
- Margin of safety
- Why cheap isn't always good value
05 Your investment thesis Week 5
- Writing a one-page thesis
- What would make you sell
- Quarterly review routine
- Building a watchlist
Fundamental analysis terms you'll learn to use
- Revenue
- Total sales a company makes in a period. The starting line of every profit and loss statement.
- Operating margin
- The share of revenue left after running costs. A falling margin often warns before profits do.
- EPS
- Earnings per share: profit divided by the number of shares. It grows when the business grows.
- P/E ratio
- Share price divided by earnings per share. It tells you how much you're paying for each rupee of profit.
- ROE
- Return on equity: profit earned on shareholders' money. Good businesses keep it high for years.
- Debt to equity
- How much the company has borrowed compared with its own capital. High debt adds risk.
- Free cash flow
- Cash left after running and investing in the business. Profit you can actually spend.
- Moat
- What protects a business from competitors, like a brand, network or cost advantage.
- Intrinsic value
- An estimate of what a business is really worth, based on its future cash flows.
- Margin of safety
- The gap between the price you pay and your estimate of value. It protects you if you're wrong.
Walk through a real company study, one line at a time
Every company we study is written up on the same seven-line sheet. This investment lost money. We teach it anyway, because it shows why you write down, before you buy, what would make you sell.
- Market data at least 30 days old, per SEBI's education rules
- Losing trades on the board, not just the winners
- Paper-traded first, so the habit forms before real money
We start by describing the business in plain words: what it sells, who buys it, and how steadily it has grown.
A market-wide fall pulls the share price down to a valuation in line with its own long-term average. The business itself hasn't changed.
Instead of buying all at once, the position is built in two parts. This reduces the risk of bad timing.
The position is capped at 5% of the portfolio. The written thesis says: if operating margins fall for two quarters running, we review.
Results show margins falling for the second quarter. We re-read the thesis. Competition has increased and pricing power looks weaker.
The thesis was broken, so the shares were sold at a small loss. Holding and hoping would have meant ignoring our own written rule.
Sales kept growing, which made the business look fine. Margins told the real story earlier. Now every thesis in class tracks margins every quarter.
Tools you'll use for fundamental analysis
Fundamental analysis is mostly reading. These are the free sources and templates we use, and we show you where to find each one.
Everything included in the fundamental analysis course
Fundamental analysis course timings and details
Fundamental analysis suits people who like reading and thinking things through, so classes run on weekend mornings and weekday evenings at a steady pace across five weeks.
New batches start every month. Ask on WhatsApp for the next one.
Sharad Gaikwad
Even as a trader, Sharad learned to check what a business was worth before trusting a chart. In this course he teaches investors to read reports like owners and to write down what would make them sell.
"Before you buy a share, write down what would make you sell it. Most investors skip that line, and it's the most important one."
How to choose a fundamental analysis course in Pune
Many courses call stock tips "fundamental analysis". These six questions help you find one that teaches you to judge a business yourself.
Read our full comparison of Pune institutes →- 01 Do they teach all three statements? P&L, balance sheet and cash flow. Skipping cash flow is a common gap.
- 02 Is valuation taught with humility? Good courses teach value ranges, not precise targets.
- 03 Do they share stock picks? Recommending stocks needs SEBI registration. Education shouldn't include picks.
- 04 Do they teach when to sell? An investment thesis should include what would make you exit.
- 05 Do they use real annual reports? Practice on actual filings teaches far more than textbook examples.
- 06 Is it plain language? You shouldn't need an accounting degree to follow the classes.
What is fundamental analysis of the share market?
Fundamental analysis means judging a company by its business: how it makes money, how strong its finances are and what it's roughly worth. Investors use it to decide whether a share price makes sense for the long term.
Do I need an accounting or finance background?
No. We explain every statement and ratio in plain words, and there's no heavy maths. If you can read a household budget, you can learn to read a profit and loss statement.
Is this course for traders or investors?
Mainly for investors who hold shares for months or years. Traders also find it useful for avoiding weak companies, but it isn't about short-term price moves.
Should I take technical or fundamental analysis first?
It depends on your goal. For long-term investing, start here after Equity Market Basics. For trading, start with Technical Analysis. Many students eventually do both.
How long is the fundamental analysis course?
It runs for 5 weeks, one module a week. Weekend batches meet on Saturday and Sunday, and weekday batches meet on Tuesday and Thursday evenings from 7:30 pm. New batches start every month.
Will you tell us which companies to invest in?
No. We are an education institute, not a SEBI-registered adviser or research analyst. We teach the method using past examples, and you apply it to companies you choose.
Can I join online?
Yes. Every batch runs live online alongside the Katraj classroom, with recordings shared the same day.
Is it taught in Marathi?
Yes. Concepts are explained in Marathi and English. Accounting terms stay in English, as they appear in annual reports.
Do I get a certificate?
Yes. You get a Stock Classes Pune completion certificate when you finish the course.
How do I get fee details?
We share fee details at the free demo class or on WhatsApp, along with what the group and 1-to-1 plans include.
Where to go after fundamental analysis
Want to add timing to your analysis? See our trading classes in Pune, or browse all share market classes in Pune.
Sit in on a fundamental analysis class first.
A free demo lecture, in the classroom or online. Bring your questions.