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Masterclass

Masterclass Case Study: Basant Maheshwari's Growth Investing Framework

A masterclass case study for serious independent investors, HNIs and portfolio managers in training that takes one of India's best-known growth investing frameworks apart and puts it back together. Basant Maheshwari's argument is simple to state and hard to practise: the market pays for earnings growth, a high PE is not expensive when growth is durable, and cheap stocks usually stay cheap for a reason. This course sets out his core rules on growth hurdles, growth-adjusted valuation, opportunity size, management quality and what to avoid, then runs real NSE-listed companies through them. Page Industries, Bajaj Finance, Eicher Motors and HDFC Bank show the double whammy of earnings growth plus PE re-rating at work. De-ratings, leverage-fuelled growth at Yes Bank and DHFL, the 2021 new-age IPOs and leadership rotation show where growth investing breaks. It closes with concentration, selling discipline, drawdowns, Indian tax and turnover costs, a growth screen built on screener.in, an honest critique of the framework and a capstone in which you write your own growth thesis. Educational content only, not investment advice.

Growth InvestingBasant MaheshwariThe Thoughtful InvestorPE Re-ratingGrowth-Adjusted ValuationIndian EquitiesPortfolio ConstructionCase Studies

MODULES

6

DURATION

~5 hrs

TRACK

Value Investing

What You'll Master

State Basant Maheshwari's growth-over-cheapness framework and the core rules behind it

Break a stock's return into earnings growth and PE re-rating, and explain why the double whammy drives multibaggers

Judge whether a high PE is justified using growth-adjusted valuation and reverse DCF thinking

Run real Indian companies such as Page Industries, Bajaj Finance and Eicher Motors through the framework

Recognise growth traps: de-ratings, leverage-funded growth and paying any price for a story

Build a concentrated growth portfolio with clear sell rules, and write a defensible growth thesis on one Indian stock

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: The Investor and the Framework

4 Lessons

How to Read This Case Study7 min read

Who Basant Maheshwari Is: From Bargain Hunter to Growth Investor11 min read

The Thoughtful Investor in One Page: Growth Over Cheapness12 min read

Why the Market Pays for Growth: Earnings Growth and the PE Re-rating Engine14 min read

Chapter 2: The Core Rules

5 Lessons

Earnings Growth Is What Compounds: Setting a Growth Hurdle13 min read

Why a High PE Is Not Always Expensive: Growth-Adjusted Valuation14 min read

Opportunity Size, Market Share and the Long Runway12 min read

Management, Capital Allocation and the Red Flags to Avoid13 min read

What the Framework Won't Own: Commodities, PSUs and the Value Trap12 min read

Chapter 3: Case Files Where the Framework Worked

4 Lessons

Page Industries Through the Framework: Paying Up for a Dominant Brand13 min read

Bajaj Finance and the Double Whammy of Growth Plus Re-rating13 min read

Eicher Motors 2009 to 2015: How Royal Enfield Re-rated a Stock13 min read

HDFC Bank: The Boring Compounder Case12 min read

Chapter 4: Case Files Where Growth Investing Breaks

4 Lessons

The De-rating: When Growth Slows and the PE Collapses13 min read

Growth Funded by Leverage: Yes Bank and DHFL as Growth Traps13 min read

Paying Any Price: The 2021 New-Age IPOs Against the Framework13 min read

Leadership Rotation: Why Each Bull Market Crowns New Leaders12 min read

Chapter 5: Portfolio Construction and Selling

4 Lessons

Concentration and Position Sizing12 min read

When to Sell: A Broken Thesis, Not a Falling Price12 min read

Sitting Tight Through Drawdowns11 min read

Turnover, Taxes and Costs for an Indian Growth Portfolio12 min read

Chapter 6: Applying It Yourself

3 Lessons

Building a Growth Screen on screener.in14 min read

Critique: Where the Framework Falls Short12 min read

Capstone: Write a Growth Thesis on One Indian Stock15 min read