Sector Playbooks
Every sector has its own dashboard — the five numbers that matter for banks, IT, pharma, autos and FMCG.
Lessons
- Why Every Sector Has Its Own DashboardP/E works for FMCG and lies for banks. The first skill of sector analysis is knowing which numbers matter where.
- The Banking Playbook: NIM, NPAs & CASAA bank is a spread business wearing a balance sheet — five numbers tell you if the spread is real and the book is honest.
- The IT Services PlaybookPeople businesses billed by the hour: constant-currency growth, margins, attrition and deal wins tell the whole story.
- The Pharma PlaybookA regulatory business in a lab coat: US price erosion, ANDA pipelines and USFDA letters move these stocks more than quarterly sales.
- The Auto PlaybookMonthly volumes, dealer inventory and the cyclical P/E trap — autos are read month-to-month, not quarter-to-quarter.
- The FMCG PlaybookVolume growth is the truth serum: a distribution machine judged on how many MORE packets moved, not what they cost.