Vista Capital Research specializes in fundamental financial analysis and research and aims to bring high quality financial modelling skills and valuation techniques to the Indian equity markets.
We aim to equip and empower retail investors and enthusiasts of the stock market with the analysis process that top investment banks, mutual funds and financial advisors follow to make profitable investment decisions.

Our Reports
- The Curious Case of India’s Largest Private Sector BankHDFC Bank is one of India’s largest private sector banks that has given investors impressive returns over the years. However, last year was an anomaly when the bank’s share price…
- Amara Raja – A Bet On EV Growth For 2022 & BeyondLead Batteries to Lithium Ion: Should Amara Raja Batteries be a Part of Your Portfolio? The automobile battery industry is on the verge of a massive shake up. The onset…
- Emerging Leader Of The Indian Auto SectorThe Indian auto industry is at the cusp of a paradigm shift. Changes in regulations a few years ago resulted in more efficient petrol engines making way for diesel vehicles,…
- Indian Metal Industry’s Gem With Global HeadwindsOver the last year Indian markets have witnessed an unprecedented bull market. The Indian markets by far have been one of the best performing equity markets around the world and…
- ITC – A Long Term Value Investment PlayITC has been one of the most hotly debated stocks. The sluggish performance has drawn criticism from a certain section of investors while value investors believe in the fundamentals of…
- Zee Entertaiment’s Future ProspectsThe news of Invesco calling for an EGM to revamp ZEE Entertainment Limited’s (ZEEL) management has been at the center of financial news. The company has seen a meteoric rise…
- A Gem In The Power Sector With EV Tailwinds?The power sector in India has been one of the trickiest places to do business. The number of troubled DISCOMs and poor stock market returns have become commonplace in the…
- Post Merger Prospects Of HDFC Life Insurance & Exide IndustriesThe news of HDFC Life Insurance acquiring Exide Life Insurance has been all over the internet. The merger worth Rs. 6687 crore has sparked a lot of views and for…
- Pidilite – A Consistent CompounderWhen we talk about the Indian stock market, our focus is generally concentrated towards the finance industry, tech sector and growth stocks. There is a high chance we overlook incumbents…
- Underrated Growth Stock – AffleThe Indian tech industry has been a champion of yesterday with a lot of potential for tomorrow. Structural tailwinds combined with high quality of services rendered by Indian tech giants…
- 5 Reasons Why You Should Buy DaburOften when growth outlook tapers or inflation becomes a big concern, investors turn to FMCG stocks. As a matter of fact, even when the market is witnessing a bull run…
- Zomato – Bullish or Bearish?Zomato has been one of the most controversial IPOs of recent times. The IPO has drawn polarizing views on the prospects of the company. While all views have some merit,…
- Rise In Prices Of Used Cars DecodedWe are sure that you have read multiple different perspectives and analysis on how Covid-19 has completely changed our lives. While the Covid narrative has many facets to it, we…
- Investing Safely In The US Through IndiaFor the last two decades the growth story that India Inc has promised has been unparalleled. India has been one of the highest yielding markets in the world offering investors…
- What’s Smarter Than Applying For IPOs?The markets are near all time highs. Nifty is within touching distance to 16,000 and Sensex is up over 10% year to date. While we marvel at the staggering growth…
- Dynamics of the Indian Real Estate Industry And Prospects In 2021In India, real estate is the second largest employment sector after agriculture, with multiplier effects linking to more than 250 allied industries. In this report, we will analyse the key players, government reforms and prospects of this industry for 2021.
- Future Plans And Growth Prospects Of Reliance Industries (RIL): Jio and RetailIn our latest report, we will explore the future expansion plans of Reliance Industries (RIL), the largest publicly listed company in India into the telecom and retail segments. We will also discuss how their legacy businesses could impact the performance of the stock in the future.
- M&A and Consolidation In The Indian Insurance IndustryIn this report, we will review recent mergers, acquisitions and consolidation deals from private equity and industry players in the Indian Insurance industry and discuss what the likely impact of Covid-19 would be on the trend of consolidation in insurance.
- Glenmark Pharmaceuticals Limited – Fundamental Analysis and ValuationA fundamental analysis and valuation for Glenmark Pharmaceutical Limited, India’s 4th largest pharmaceutical company specialising in generics, API products and therapeutic areas.
- Increased Push Of Self-Reliance: The Rise Of The Indian Defence SectorIn the wake on rising geopolitical and border tensions, the Government of India has made clear its intentions of bolstering the national defence sector. In this report, we analyse the defence companies in India, the competitive environment they operate in and future prospects.
- The Evolution Of The Indian Passenger Vehicle Industry And Its Future ProspectsIn this report, we will examine the Indian automobile industry and its prospects. We will discuss how the sector has played a key role in the economic growth of India in the last few decades and how it is expected to fare in the coming financial year.
- Overview Of The Indian Insurance Sector And Its Growth ProspectsThe ongoing pandemic has changed the health and life insurance sectors. The Indian government has also introduced reforms which are expected to bring about a positive change in the market. In this report, we will examine the Indian insurance sector, its prospects in the coming financial year and as a long term growth story.
- Aftermath Of The AGR Verdict: Will This Lifeline Be Enough For Vodafone-Idea?The Hon’ble Supreme Court of India on September 1st gave telecom companies a much needed relief by allowing a staggered payment of their AGR dues over a span of 10 years. In this report, we will explore whether this will be a sufficient relief for companies like Vodafone Idea and Bharti Airtel and what the future outlook of the telecom sector looks like.
- Overview Of The Indian Aviation Industry And Its Links To Economic GrowthIn this report, we aim to establish links between economic growth of a country and its aviation industry. We further deep dive into the aviation industry of India, and discuss in detail the booming industry facing short-term perils.
- Indian Pharma Industry – A Future Growth Story Or Just A Temporary Fad?In this post, we explore the Indian pharma industry, which has seen a lot of positive action recently but is quite complex in terms of a layman’s ability to understand its business models. We explore the growth drivers, top players and the future outlook of this industry.
- Deepak Nitrite Limited – Fundamental Analysis and ValuationA fundamental analysis and valuation for Deepak Nitrite Limited (DNL), one of the leading players in the Indian Chemical Industry. They specialise in basic chemicals, fine and speciality chemicals, performance products and phenholics.
- Indian Packaging Industry – A Value Investor’s Opportunity In The Face Of A PandemicIn this post, we explore the Indian packaging industry, an industry that value investors have long considered the perfect bet owing to stocks with high dividend yields and low valuation ratios. Given the fall in crude prices and a demand boost driven by the pandemic, this industry is positioned to attract a lot of investor interest and give solid returns.
- AGR Saga: Stressing The Already Stressed Indian Telecom SectorIn this post, we discuss the proceedings of the AGR hearing, what has happened so far in the Hon’ble Supreme Court and how the final ruling will impact the future of the Indian telecom industry, for better or for worse.