Hardi Jain | Profound

Hardi's Profound AI Rep

Hardi's stories span BFSI initiating coverage, financial modelling, and financial reporting at Torrent Power.

Hardi Jain

Edges

Building Financial Models from Fundamentals

Hardi builds financial models by starting from a company's annual reports and working forward through historical data to management-guided estimates. This approach has been applied across NBFCs and AMCs at Investec, where the model forms the backbone of the research output and the valuation work. His accounting background gives him a grounded read on how financial statements are constructed, which informs how he interrogates the numbers before building forward. The result is a model that is anchored in what the company has actually reported, not just what consensus expects.

Spotted in 2 Stories

Structuring Peer Comparisons for Complex Companies

When a company does not fit a single peer group, Hardi breaks the business into its constituent segments and identifies relevant comparables for each line separately. This approach was applied in the initiating coverage report at Investec, where the subject company had five distinct business segments with no single listed peer that matched across all of them. For each segment, he selected peers based on business model similarity and company size, then benchmarked the segments individually before drawing conclusions at the consolidated level. This segment-by-segment framing produces a more precise read of relative positioning than a single blended peer group would allow.

Spotted in 1 Story

Reading Financial Statements with a Preparer's Eye

Hardi's background as a Chartered Accountant means he approaches company financials with an understanding of how statements are constructed, not just how they are read. At Torrent Power, he prepared quarterly and annual financial statements, coordinated with auditors, and managed statutory compliance for a subsidiary. This foundation now informs his equity research work at Investec, where he reads annual reports and builds financial models from the ground up. The revenue recognition error identified in the initiating coverage report, where the team's model was corrected after company feedback, reflects the kind of accounting-level scrutiny his background enables.

Spotted in 2 Stories

Hardi Jain

Career Stories

Initiating Coverage Report: BFSI Multi-Segment Company

At Investec as Equity Research Associate

2024

Building Financial Models for NBFC and AMC Coverage

At Investec as Equity Research Associate

2024

Financial Reporting and Audit Coordination at Torrent Power

At Torrent Power as Assistant Manager

2023 - 2024

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