Independent investment research · Global markets, India-based

Research that moves from information to investment judgement.

RMSK Analytics extends your investment team with rigorous company, sector and macro research—built around the decision you need to make.

Explore our capabilities Discuss a Project

01
Primary-source research02
Decision-ready models03
Founder-led execution

Inside the analysis

The assumptions behind the number.

Explore how operating performance and valuation assumptions change the investment picture.

01 / Real EstateIllustrative model

What is the same income worth?

A higher capitalisation rate reduces property value, even when income is unchanged.

$153.8mImplied property value

Capitalisation rate 6.5%

At 6.5%, $10m of annual net operating income implies a value of $153.8m.

Assumptions & calculation

Annual net operating income is fixed at $10 million. Property value = annual NOI ÷ capitalisation rate. Unlevered, simplified direct capitalisation; excludes transaction costs, debt and changes in future income. Hypothetical inputs, not a property appraisal or market forecast.

02 / Company valuationIllustrative model

Growth is only half the equation.

Compare earnings growth with a change in the multiple investors are willing to pay.

+10.0%Change in enterprise value

EBITDA growth 10%Scenario EV/EBITDA 10×

Starting EV

$100m

Scenario EV

$110m

EBITDA of $11.0m at 10× implies enterprise value of $110.0m.

Assumptions & calculation

Starting EBITDA is $10 million at 10× EV/EBITDA, giving $100 million enterprise value. Scenario EV = $10m × (1 + EBITDA growth) × scenario multiple. EV is not equity value or shareholder return; debt, cash and dilution are excluded. Hypothetical inputs, not company data.

What we do

Institutional-quality research, without adding fixed headcount.

From an earnings update needed tomorrow to a full sector initiation, we provide focused support across the investment research lifecycle. Engagements can be project-based or structured as an ongoing extension of your team.

Company research

Business-model assessment, financial statement analysis, earnings review, management commentary and investment thesis development.

Company initiation
Earnings analysis
Investment case testing

Financial modelling & valuation

Transparent, decision-ready models built from the ground up or integrated into your existing process. Relative valuation using P/E, EV/EBITDA and other relevant multiples.

Three-statement models
DCF, SOTP & NAV
Multiples
Trading and transaction comps

Sector & thematic research

Market structure, competitive positioning and cross-company analysis that turns a broad theme into investable questions.

Industry landscaping
Peer benchmarking
Value-chain analysis

Macro & market research

Top-down work that connects rates, policy, currencies and economic variables with sector and company outcomes.

Macro sensitivity
Scenario analysis
Market monitoring

Broad sector coverage

Flexible equity-research support across major industries, with each mandate scoped to the companies, markets and investment question that matter to your team.

Technology, software, telecom & media
Pharma, biotechnology & healthcare
Banks, NBFCs, insurance & AMCs
Renewables, power, utilities & infrastructure
Oil & natural gas
Automobiles & auto components
Metals, mining & chemicals
Building materials, cement & construction
Consumer durables & consumer staples
Real estate, REITs, hotels & travel
Industrials, capital goods & logistics

Who we serve

Built for teams where the research standard is high and time is scarce.

Each mandate is scoped around the client’s workflow, investment horizon and decision—not a generic report template.

Asset managers

Buy-side idea generation, monitoring and deep-dive support.

Hedge funds

Rapid company work, catalysts, earnings and scenario analysis.

Private equity & VC

Market landscaping, commercial analysis and transaction support.

Family offices

Independent diligence across public and private opportunities.

Research providers

Flexible capacity for sell-side and outsourced research teams.

Client perspectives

Different mandates.
Focused support.

Explore representative needs by investment team. These are illustrative use cases, not client testimonials.

Family offices / Independent assessment

Does this opportunity deserve a deeper look?

A lean investment office needs a consistent way to compare opportunities before committing time and capital.

Discuss this requirement →

What your team receives

A concise investment brief

Business quality and competitive position
Valuation range with explicit assumptions
Downside risks and diligence questions

For your internal investment discussion.

Perspectives in practice

What the work is designed to make easier.

These statements are representative service perspectives for prospective clients. They are not attributed client testimonials.

“We need a focused answer before the next investment meeting, with the assumptions clear enough to challenge.”

Portfolio Manager
Long/short fund · New York

“Our team can make the decision. The useful support is a clean model, a comparable set and the risks we may be underestimating.”

Investment Director
Family office · Zurich

“A recurring research relationship should fit our workflow: concise updates when needed, deeper work when the question warrants it.”

Chief Investment Officer
Private investment office · London

“The important output is not a longer report. It is a clearer view of what must be true for the investment case to work.”

Managing Partner
Private capital firm · Dubai

“Comparing the opportunity with the right peers changes the conversation from an attractive story to an assessable decision.”

Emerging Markets Investor
Asset manager · Singapore

“When the operating drivers, valuation range and downside cases are visible, our internal discussion becomes more productive.”

Principal
Investment office · Amsterdam

Sector expertise

Depth where the details matter.

Global sector coverage backed by company research, operating models, earnings analysis and valuation work—with particular depth in Energy and Real Estate.

Energy

Trace commodity prices, demand, regulation and investment cycles through to earnings and cash flow.

Price, volume and cost sensitivities
Capital expenditure and cash generation
Balance-sheet resilience and valuation

Discuss Energy research →

Real Estate

Understand the operating drivers behind asset values, earnings and distributions.

REITsDevelopersHotelsCo-working

REITs: occupancy, rents, NAV and distributions
Developers: pre-sales, collections and project cash flows
Hotels: occupancy, room rates and operating margins
Co-working: seat utilisation and unit economics

Discuss Real Estate research →

Technology, Media, Telecom & Software

Assess digital business models, recurring revenue, adoption, competition and technology-led investment cycles.

Growth, margins and unit economics
AI, cloud, software and connectivity themes

Discuss TMT research →

Pharma, Biotechnology & Healthcare

Analyse product pipelines, market access, pricing, clinical catalysts and healthcare delivery economics.

Pipeline and approval analysis
Healthcare demand and margin drivers

Discuss healthcare research →

Banks, NBFCs, Insurance & AMCs

Examine balance sheets, credit quality, funding, distribution and asset-management flows.

Loan growth, NIMs and asset quality
AUM, fee income and solvency

Discuss financial-services research →

Renewables, Power, Utilities & Infrastructure

Connect regulation, capacity additions, tariffs, project finance and returns on invested capital.

Build-out, utilisation and cash flows
Regulated returns and funding needs

Discuss infrastructure research →

Oil & Natural Gas

Translate commodity prices, production, reserves, refining and capital allocation into earnings scenarios.

Price and volume sensitivity
Upstream, midstream and downstream analysis

Discuss oil and gas research →

Automobiles & Auto Components

Study demand, mix, electrification, capacity, supply chains and competitive positioning.

Volumes, realisations and margins
EV transition and component economics

Discuss automotive research →

Metals, Mining & Chemicals

Evaluate commodity cycles, cost curves, capacity, pricing power and balance-sheet resilience.

Production, prices and cost position
Capex cycles and cash generation

Discuss metals and mining research →

Building Materials, Cement & Construction

Track volumes, pricing, regional competition, input costs and project execution.

Capacity, utilisation and market share
Realisation, margins and capex

Discuss building-materials research →

Consumer Durables & Consumer Staples

Assess household demand, brand strength, distribution, premiumisation and operating leverage.

Volume, price and mix analysis
Channel checks and competitive positioning

Discuss consumer research →

Industrials, Capital Goods & Logistics

Analyse order books, execution, asset intensity, freight flows and infrastructure-linked demand.

Orders, backlog and conversion
Utilisation, margins and working capital

Discuss industrials research →

Market experience

Across global markets.
Close to the fundamentals.

Founder experience across US, UK, European and Indian markets. Based in India and focused on global markets, RMSK supports investment teams with research scoped to their geography, sector and coverage needs.

United States

Company fundamentals, earnings and valuation.

United Kingdom

Listed businesses, operating drivers and peer analysis.

Europe

Company analysis and comparisons across markets.

India

Local sector context and detailed company research.

Research assignments

Work built for your next decision.

Examples of research you can commission. Scope, information availability and delivery timing are agreed before work begins.

Company / Initiation

From business model to investment case

Business drivers, financial forecasts, valuation and the factors that could change the thesis.

Report + financial modelDiscuss scope →

Real Estate / REITs

Will an acquisition improve distributions?

Assess funding costs, new units, rental income and the path to accretion or dilution.

Accretion model + sensitivity analysisDiscuss scope →

Energy / Scenarios

How resilient is cash flow?

Test the earnings and balance-sheet consequences of changes in prices, costs and investment.

Scenario model + risk memoDiscuss scope →

Earnings / Monitoring

What changed this quarter?

Separate reported performance, guidance revisions and one-off items from the longer-term story.

Earnings note + model updateDiscuss scope →

Private capital / Diligence

How credible is the growth plan?

Examine market structure, competitor economics and the assumptions behind management projections.

Market assessment + diligence questionsDiscuss scope →

Macro / Valuation

What changes when capital costs more?

Connect interest rates and financing assumptions with valuation, leverage and investment capacity.

Valuation sensitivities + briefingDiscuss scope →

Research library

Published work from RMSK Analytics.

Browse public reports and insights. New publications will appear here after they are approved in the RMSK admin dashboard.

No reports published yet.Research publications will appear here.

The research stack

Evidence in. Judgement out.

InputsFilings & transcriptsIndustry dataManagement guidanceMacro indicators

Analyse

Clean · compare · model · challenge

OutputsInvestment thesisForecast modelValuation rangeRisk framework

Traceable sources

Key figures linked to filings, disclosures and dated source material.

Visible assumptions

Operating drivers and valuation inputs made explicit for your review.

Downside in view

Sensitivities and risks considered alongside the central investment case.

Ways to work together

One assignment.
Or ongoing capacity.

Choose the working relationship that fits your team's workload. Fees follow the agreed scope and complexity.

Defined project

A focused piece of research.

For a company initiation, sector study, model build or diligence question with a clear endpoint.

Deliverables and deadline agreed upfront
Assumptions, sources and review process defined
Direct discussion of the findings

Scope a project

Ongoing support

An extension of your investment team.

For recurring company coverage, earnings updates, model maintenance and new research questions.

Coverage universe and cadence agreed together
Continuity across models and research notes
Capacity and priorities reviewed with your team

Discuss ongoing support

How we work

A research process designed to fit yours.

01
Define the decision
We begin with the question, intended use, coverage universe, output and deadline.
02
Build the evidence
We gather primary-source information, establish the comparison set and document assumptions.
03
Model and challenge
We connect operating drivers to forecasts, valuation and explicit downside scenarios.
04
Deliver for action
You receive clearly structured work, editable models and direct access to the person who produced it.

Founder & CEO

Shiv Sharan Akula, CFA

Shiv Sharan Akula, CFA brings investment research experience across US, UK, European and Indian markets. He specialises in Energy and Real Estate, including REITs, developers, hotels and co-working operators.

His expertise spans financial modelling, valuation, company and sector analysis, and earnings assessment. At RMSK Analytics, he helps investment teams evaluate opportunities, assess risks and make informed decisions.

MSc Finance & Management
Cranfield UniversityB.Tech Mechanical Engineering
Manipal Academy of Higher Education

shivsharan.akula@rmskanalytics.com

Connect on LinkedIn ↗

Before we begin

A few practical questions.

Can we start with one assignment?

Yes. Begin with a defined company, model or research question. We agree the scope, fee, timetable and review process before starting.

Can you work within our existing research process?

We can scope work around your model structure, coverage universe and preferred output format, subject to the data and access available.

What information should we send?

Tell us your organisation, the company or sector, the decision you are evaluating, the output you need and your deadline. We will discuss the required information and confidentiality arrangements before sensitive material is shared.

Are the charts on this page market data?

No. They are interactive, hypothetical valuation examples showing how assumptions affect results. They are not forecasts, actual investment returns or recommendations.

How do we receive the work?

Deliverables can include research notes, investment memos, editable financial models and presentations. The format is agreed for each assignment.

Discuss a Project

Bring us the decision, question or assumption you need tested.

Tell us the company, sector, market, deliverable and timeline. We will explain the evidence required and propose a practical project or ongoing research relationship.

contact@rmskanalytics.com