Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: 5184, Dolatganj Bajar, Ankit Hospital, Dahod (Gujarat) - 389151 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

Edelweiss: Making the Right Moves | EAAA IPO by Q3FY27

Event Driven: Edelweiss ~ How Housing Finance Stake Sale Unlocks Value?

Graphite Electrodes - An Industry at an Inflection Point

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


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Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
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Equity Bottom-Up

Edelweiss Financial Services / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/edelweiss-financial-services-ltd" target="_blank" data-smartkarma-citation="entities:15015:1" rel="noopener">Edelweiss</a> reported a decent Q3 as PAT of its underlying businesses grew 15% YoY to INR 129cr. For 9MFY26, the same grew 10%+ YoY to reach INR 450cr+.</li>
<li>The Mutual Fund (MF) and alternatives businesses continue to show strong growth in profitability, while the losses have been narrowing in the insurance businesses.</li>
<li>Edelweiss continues to unlock value across its businesses. Edelweiss sold a majority stake in Nido Home Finance to Carlyle. A minority stake was also sold in the alternatives business. </li>
</ul>



Edelweiss reported a decent Q3 as PAT of its underlying businesses grew 15% YoY to INR 129cr. For 9MFY26, the same grew 10%+ YoY to reach INR 450cr+.
The Mutual Fund (MF) and alternatives businesses continue to show strong growth in profitability, while the losses have been narrowing in the insurance businesses.
Edelweiss continues to unlock value across its businesses. Edelweiss sold a majority stake in Nido Home Finance to Carlyle. A minority stake was also sold in the alternatives business. 


Edelweiss: Q3FY26 Update | Sale of Nido Home Finance and EAAA