Priyank Agarwal

Associate Consultant

Ahmedabad, Gujarat, India4 yrs 8 mos experience

Most Likely To Switch

Key Highlights

Led research for 20+ companies across multiple sectors.
Recognized for generating actionable investment ideas.
Contributed to setting up a new LPG trading business.

Stackforce AI infers this person is a Finance professional with expertise in Equity Research and Business Strategy.

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Skills

Core Skills

Equity ResearchFinancial ModelingFinancial AnalysisBusiness Strategy

Other Skills

AccountingAnnual ReportsBudgetingBusiness AnalysisCommunicationCommunication SkillsCompetitor AnalysisDCFData VisualizationDocumentationEarnings AnalysisEquity ValuationExecutive Presentation SkillsFeasibility StudiesFinancial Accounting

About

I’m a self-driven Equity Research Analyst with a strong foundation in fundamental analysis, financial modeling, and thematic investing. Currently working as a Senior Analyst at Equirus Securities, I specialize in multi-sector research — covering over 20 listed companies across Consumer, Auto, Industrial, Retail, and Power domains. What sets my research apart is a blend of rigorous modeling, on-ground validation through channel checks and management meetings, and a knack for identifying underappreciated stories before consensus builds. My work spans initiating coverage reports, detailed deep-dives, market commentary, and thematic notes tailored for private clients. Prior to Equirus: At Adani Enterprises, I played a critical role in the setup of a new domestic and cross-border trading business, while also evaluating large-scale infrastructure projects and supporting strategic initiatives through in-depth financial modeling and feasibility analysis. At Hyundai Motor India, I worked in the business analysis function, benchmarking competitors and analyzing new business opportunities through a structured market and financial lens. I combine strategic thinking with solid financial analysis, backed by on-ground research and practical experience. I’m passionate about equity markets, simplifying complex ideas for broader audiences, and staying curious across sectors.

Experience

4 yrs 8 mos

Total Experience

1 yr 6 mos

Average Tenure

2 yrs 11 mos

Current Experience

Equirus

2 roles

Senior Analyst

Promoted

Apr 2025 – Present · 1 yr 2 mos · Ahmedabad, Gujarat, India · On-site

Financial ModelingEquity ValuationInvestment ResearchReport WritingDCFSOTP+4

Analyst

Jun 2023 – Mar 2025 · 1 yr 9 mos · Ahmedabad, Gujarat, India · On-site

Led equity research coverage for 20+ listed companies across Consumer Durables, Automobiles, Industrials, Retail, and Power sectors.
Delivered end-to-end research reports including initiating coverage, earnings updates, thematic notes, and investment theses.
Conducted on-ground market intelligence via plant visits, channel partner discussions, and management interactions to support investment calls.
Built and updated integrated financial models with quarterly forecasts, valuation (DCF, SOTP, Relative), and sensitivity analysis.
Generated actionable investment ideas, resulting in increased client engagement and internal buy-in; recognized with a promotion to Senior Analyst in less than 2 years.
Tools & Skills: Financial Modeling, Equity Valuation, Investment Research, Report Writing, DCF, SOTP, Earnings Analysis, Market Research, Communication Skills

Financial Feasibility AnalysisMarket ResearchNew Business AnalysisProduct Pricing and StrategyCompetitor AnalysisP&L Management+6

Adani enterprises limited

2 roles

Deputy Manager

Aug 2022 – Jun 2023 · 10 mos · Ahmedabad, Gujarat, India · On-site

It was an enriching experience working as a Business Analyst being contributed into various areas including Financial Feasibility Analysis, Market Research, New Business Analysis, Product pricing and Strategy, Competitor Analysis, P&L management, budgeting and forecasting, implementation of analytics tools.
Involved in making and execution of Annual Business Plan for LPG Trading business at Morbi Market and Bangladesh Market having combined revenue potential of more than $250 Mn.
Been Involved in studying of Private Players in India including Aegis Logistics which helped to understand the advantages and challenges of the private players in various LPG segments including Bulk
Actively involved with Business head for building sourcing and pricing strategy for selling LPG/Propane to Morbi Market.
Studied and tracked Natural gas price movements using JKM/TTF/Henry Hub Index.
Generated holistic feasibility report which helped to identify various potential Indian lpg bottling plants can be fed by Rail facility vis-a-vis existing and upcoming evacuation scenarios supported by the financial model to check the price offering which can be given to the customers keeping financial returns intact.
Been actively involved acting as a functional bridge between technical team and business team in the process of SAP Implementation for new business. Played an active role in the creation of Business Requirement Document.
Visited Nepal Market to understand the key potential of the country with respect to the energy requirement focused mainly on Petroleum/LPG business. Performed PESTLE analysis of Nepal to get a holistic understanding of the country.
Took Initiative in data visualization, presented the Business MIS report using Microsoft Power BI with live trends being directly reported to the Senior Management.

Management Trainee

Feb 2022 – Jul 2022 · 5 mos · Ahmedabad, Gujarat, India · On-site

Involved with business head in making presentations and analysis for CEO business review, Director Review, Chairman Review and Quarterly held Business Townhalls.
Been Involved in Studying new business opportunities such as Coal gasification, new terminal projects, load matching solution, petroleum/lpg business in India/International markets which involved analysing market scenario, freight cost, business feasibility, competitor scenario, SWOT analysis. Justification of business proposal along with detailed project financial models.
Analysed the end-to-end logistic cost scenarios vis-a-vis competitors which helped to identify areas through which the throughput of existing terminal can be efficiently utilised.

Hyundai motor india ltd.

Management Trainee - Business Analysis

Jul 2021 – Jan 2022 · 6 mos · Gurugram, Haryana, India · On-site

Conducted Competitor Financial Analysis which involved the detailed study of Passenger Auto Vehicle market in India, key growth drivers, challenges, key ratio analysis, SWOT analysis, key strategies which was being reported to the Senior management.
Carried Feasibility Study for New business opportunity (Car Leasing) and created detailed presentation report along with Financial modeling.
Analyzed Sector trends, Industry outlook, Economic metrics and Its Impact on the business profitability and sustainability.
Played a key role in Annual Business Plan projecting the volume numbers and preparation of the final presentation being reported to the Senior management.
Prepared Daily Stock Report and Analyzed Monthly Dealer Incentive Scheme applicable to dealers across India.
Involved in various team activities which included weekly agenda preparation, coordination with various stakeholders for the smooth functioning of the periodical tasks.

Ventura securities ltd

Equity Research Intern

Apr 2020 – Jun 2020 · 2 mos · Mumbai, Maharashtra · Remote

Researched on the Organic & Specialty Chemicals sector to identify new investment opportunities.
Conducted the Fundamental Analysis of “Fine Organic Industries Ltd.” having a m-cap of Rs.7000cr as of April 2020.
Prepared detailed reports along with Quarterly analysis pertaining to the management, operation & strategies.
Generated the Financial Model and carried in-depth Valuation using Microsoft Excel.
Coordinated with the Investor Relations to get better insights that were projected into the model.