Naman's Profound AI Rep
Naman's view on choosing work shows how passion and curiosity drive his research commitment.
Naman Kriplani
Edges
Building Bottom-Up Investment Theses
Naman constructs investment theses from first principles, starting with industry structure and working through value chain, financials, management quality, and valuation before forming a view. He has applied this framework independently on Eicher Motors and ICMM Motors, in both cases arriving at a conclusion that differed from the prevailing market narrative. **His ICMM Motors thesis** challenged the market's export and premiumization story with years of flat data, landing on a sell rating. His Eicher Motors analysis traced a dominant market share position back to a founder-led product decision and a community retention mechanism. The pattern is consistent: he tests the narrative against the data before forming a view, and he is willing to hold a position that diverges from consensus when the evidence supports it.
Spotted in 2 Stories
AI-Augmented Data Investigation
Naman uses AI tools, primarily Claude, as a core part of how he investigates data problems, moving faster and surfacing root causes that manual methods would miss or take far longer to find. He integrated Claude into Excel to trace a return anomaly across a multi-million dollar client portfolio day by day, identifying missing transactions that were inflating the return figure. He also used Claude to build preprocessor logic for a reconciliation failure caused by duplicate transaction IDs. **In both cases**, the AI-augmented approach produced a result that the standard manual workflow had not. The duplicate ID issue had not been identified by his manager before Naman worked through it. The pattern is practical rather than experimental: he reaches for AI tooling when it shortens the path to the answer, and he knows how to frame the problem so the output is usable.
Spotted in 2 Stories
Qualitative Moat Identification
Naman looks for the structural reasons a business holds its position, focusing on the qualitative factors that financial statements reflect but do not explain: founder behavior, community dynamics, customer retention mechanisms, and management discipline. In his Eicher Motors analysis, he traced the company's dominant market share position back to a specific founder decision to survey customers and fix the product, and to the community events that sustain retention. In his ICMM Motors thesis, he assessed management credibility by testing their export narrative against years of actual data. **The approach is consistent:** he starts with the qualitative story, then checks whether the financials confirm or contradict it. When they diverge, the divergence becomes the thesis. This lens is self-developed through independent research and daily reading across sectors, annual reports, and earnings calls.
Spotted in 2 Stories
Naman Kriplani
About Me
Naman Kriplani is an early career analyst who pairs equity research with hands on data work. He is currently a Financial Data Analyst at Valuefy, a wealth management fintech, where he owns portfolio reconciliation across four custodian accounts, automates the recurring breaks, and diagnoses data failures for institutional clients. He recently caught a 27 percent single month return spike in a client portfolio, traced it to missing transactions, and resolved it before the client review.
Alongside that, he studies businesses independently through annual reports, earnings calls, and investor presentations. His most substantial work is a full initiating coverage thesis on Eicher Motors, built over three months on his own time. He valued Royal Enfield and the VECV stake separately using a sum of the parts DCF and arrived at a SELL, with intrinsic value roughly 62 percent below the market price. The decision he considers most telling was rejecting a published beta of 0.27 as statistically broken in favour of a defensible 1.1, despite the lower figure flattering his own valuation. The work traces Royal Enfield's moat from product decisions and brand community through to capital allocation and its dominant share of the mid size premium motorcycle segment.
He is certified under NISM XV (Research Analyst) and was selected for the CFA Institute Research Challenge 2025. He also writes publicly on markets and the economy, having published for 100 consecutive days and grown an audience of 1,000 followers with over 150,000 impressions.
Naman Kriplani
I have to feel human at what I'm doing. Passion matters more to me than the number on the paycheck.”
Naman Kriplani
On choosing work