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The Art of Reading Balance Sheet (Video)

For all my warnings against watching business TV over the years (I don’t want to get started on the reasons again), I was on at ET Now yesterday to speak about long-term investing (yes, long-term investing…on business TV!). I also talked about one of my favourite subjects i.e., reading annual reports and specifically the Balance Sheet.

Here is the video of the chat (click here if you are not able to watch the video below) –


Combine this with my earlier posts on how to master analyzing the Balance Sheet – Part 1 and Part 2.

In the above chat, I talked about the annual reports of Avenue Supermarts, Symphony, and Info Edge – all of which I have analyzed and written about recently (Disclosure – I don’t own any of these stocks).

On being asked in the interview about my all-time favourite ‘annual reports,’ I mentioned Asian Paints and Titan (Disclosure – I own both these stocks, so big bias here).

Hope you find value in what I spoke, but also understand that my views were always on the annual reports and underlying businesses and never on the respective stocks.

Statutory Warning: This is NOT an investment advice to buy or sell shares. Please make your own decision, as blindly acting on anyone else’s research and opinions can be injurious to your wealth. My analysis may be biased, and wrong. I have been wrong many times in the past. I am a registered Research Analyst as per SEBI (Research Analyst) Regulations, 2014 (Registration No. INH000000578).

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About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.

Comments

  1. Veri nice way of explaining subtle points of BS! Keep up the good work!

  2. Steven Colaco says:

    Well Spoken Vishal..It was nice to see intelligent speak on Value Investing for a business channel.:-)
    Keep It Up!!!

  3. Saurabh Chavda says:

    Nice to see you on big platform. Really educational 19+ minutes. Thanks for sharing your wisdom.

  4. Thank you very much Vishal.

    I see the clarity of your walk and talk.

  5. Sachin Panpaliya says:

    Great interview.. Vishal
    Will to see more follow up 👍

  6. Excellent session Vishal. Way to go.
    Thanks..

  7. Great one sir. Good lessons on value investing 🙂

  8. I have been your tribesmen for 2 years now and I make sure to read every article of yours. It was very joyful moment to see you on TV. Keep the good and decent work going. Thanks

  9. SACHIN Ghugare says:

    Sharing Auditors comments on Annual report of Tourism Finance CorporTion of India.
    V C Gautam & company mentioned in their report that the internal financial controls are inadequate.
    They changed the auditors itself in upcoming AGM.

  10. SACHIN Ghugare says:

    This pertaind to AR 16-17 OF TFCI.

  11. Jitendra Soni says:

    dear Vishal,
    Thanx for your valuable article.
    I was reading balance sheet(FY:2016-17) of Jindal Steel & Power Ltd, For Inventories (Notes:14) Others-Inventories showing Land Bank/Project in progress*.

    * Includes advance given to various companies by one of the subsidiaries of ` 393.85 crore (including interest paid by the said subsidiary) for development of land pending execution of project.

    My question is “an Land can be mentioned in Inventories??” or is there any other meaning of Land bank ??

    Pls advice.

  12. Thank You Vishal,

    Nice article. Nice way of explaining the art of reading balance sheets. Wish we had these resources when we were still in college. It would make the subject easy and interesting. Thanks again

  13. Thanks for your good work.lot of information and meaningful insights.

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