Module 08 · Sector Playbooks (India)¶
What this module does. Eleven field guides, one per sector, each in the same shape: how the industry makes money → value chain and structure → KPIs and where to find them → what drives earnings and multiples → accounting quirks → red flags → how to value → representative listed companies (for study, not recommendation) → a ten-question checklist. Dated to September 2026; every real-company fact must be re-verified before use.
Why it matters. The generic toolkit of Modules 04–07 is necessary; the sector's own KPIs and regulatory levers are what an analyst is actually judged on. A bank analyst who does not know the ECL transition date, or an auto analyst who does not read VAHAN, is not doing the job.
Lessons¶
| # | Sector | Time |
|---|---|---|
| 08.1 | Banks & lending | 75 min |
| 08.2 | IT services, ER&D & software | 70 min |
| 08.3 | Consumer: FMCG, retail, QSR, apparel, jewellery, durables, paints | 80 min |
| 08.4 | Pharma & healthcare | 80 min |
| 08.5 | Industrials, capital goods, defence, railways & EMS | 80 min |
| 08.6 | Autos & ancillaries | 75 min |
| 08.7 | Metals, cement & chemicals | 75 min |
| 08.8 | Energy & utilities | 75 min |
| 08.9 | Real estate, infra & logistics | 70 min |
| 08.10 | Telecom, media & internet platforms | 70 min |
| 08.11 | Financial services ex-lending | 70 min |
How to use the playbooks¶
- Read the sector you are researching before the company; run the ten-question checklist on every company in it.
- Each playbook's "representative companies" are the study set for building your own 10-year dashboards (04.6) — the fastest route to a circle of competence (11.1).
- Dates matter: the regulatory and cycle facts here are a snapshot; the checklists are durable.
Connections¶
- Back: Module 05 (industry structure), Module 07 (sector-specific valuation).
- Forward: Module 13 cases by sector; the capstone's sector choice (Module 15).
You're ready to move on when you can…¶
- For any sector, name the three KPIs that matter most and where each is published.
- Explain each sector's dominant macro or regulatory variable (12.1).
- Choose the right valuation method per sector and the accounting quirk that most distorts comparisons.
- Run the ten-question checklist on a real company in three sectors.
Tested by: Mock 4 — Forensics & sectors and the unidentified-industries drill.