“𝙄 𝙨𝙥𝙚𝙣𝙙 𝙢𝙤𝙧𝙚 𝙩𝙞𝙢𝙚 𝙡𝙤𝙤𝙠𝙞𝙣𝙜 𝙖𝙩 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙨𝙝𝙚𝙚𝙩𝙨 𝙩𝙝𝙖𝙣 𝙄 𝙙𝙤 𝙞𝙣𝙘𝙤𝙢𝙚 𝙨𝙩𝙖𝙩𝙚𝙢𝙚𝙣𝙩𝙨. 𝘼𝙣𝙙 𝙒𝙖𝙡𝙡𝙨𝙩𝙧𝙚𝙚𝙩 𝙙𝙤𝙚𝙨 𝙣𝙤𝙩 𝙧𝙚𝙖𝙡𝙡𝙮 𝙥𝙖𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣 𝙩𝙤 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙨𝙝𝙚𝙚𝙩𝙨,

𝘣𝘶𝘵 𝘐’𝘥 𝘭𝘪𝘬𝘦 𝘵𝘰 𝘭𝘰𝘰𝘬 𝘰𝘷𝘦𝘳 𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘴𝘩𝘦𝘦𝘵𝘴 𝘰𝘷𝘦𝘳 𝘢𝘯 8-10 𝘺𝘦𝘢𝘳 𝘱𝘦𝘳𝘪𝘰𝘥 𝘣𝘦𝘧𝘰𝘳𝘦 𝘐 𝘦𝘷𝘦𝘯 𝘭𝘰𝘰𝘬 𝘢𝘵 𝘵𝘩𝘦 𝘪𝘯𝘤𝘰𝘮𝘦 𝘢𝘤𝘤𝘰𝘶𝘯𝘵”

— 𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 in his last annual shareholder meeting as the Chief Exec.

He further goes on to say that
“𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘵𝘩𝘪𝘯𝘨𝘴 𝘵𝘩𝘢𝘵 𝘢𝘳𝘦 𝘩𝘢𝘳𝘥𝘦𝘳 𝘵𝘰 𝘩𝘪𝘥𝘦 𝘢𝘯𝘥 𝘱𝘭𝘢𝘺 𝘨𝘢𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘰𝘯 𝘵𝘩𝘦 𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘴𝘩𝘦𝘦𝘵 𝘵𝘩𝘢𝘯 𝘰𝘯 𝘵𝘩𝘦 𝘪𝘯𝘤𝘰𝘮𝘦 𝘴𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵. 𝘈𝘯𝘥 𝘯𝘦𝘪𝘵𝘩𝘦𝘳 𝘰𝘯𝘦 𝘨𝘪𝘷𝘦𝘴 𝘺𝘰𝘶 𝘵𝘩𝘦 𝘵𝘰𝘵𝘢𝘭 𝘢𝘯𝘴𝘸𝘦𝘳 𝘰𝘯 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨… 𝘣𝘶𝘵 𝘺𝘰𝘶 𝘴𝘵𝘪𝘭𝘭 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘧𝘳𝘰𝘮 𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘴𝘩𝘦𝘦𝘵𝘴 𝘵𝘩𝘢𝘯 𝘮𝘰𝘴𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘨𝘪𝘷𝘦 𝘵𝘩𝘦𝘮 𝘤𝘳𝘦𝘥𝘪𝘵 𝘧𝘰𝘳”


I have seen far too many people jump to income stmts, look at EBITDA and totally disregard balance sheets.

If you want to be a good equity analyst, investor, strategy or consulting professional you have to understand a Balance Sheet.

So, if you give me 35 mins of your time then I’d make an honest effort to help you understand a Balance Sheet and the various line items that make a Balance Sheet.

Can I have that time commitment?

Are you ready?

Then pull up the latest Annual Report of Narayana Hrudayalaya

Go to the Consolidated Balance Sheet section and

watch the below video playlist in which I explain — in detail — the line items making up the Balance Sheet: