Understanding Economic Moats and Competitive Advantage

A practical guide to identifying, measuring, and valuing durable competitive advantages in Indian listed companies. Built for experienced retail investors, mutual fund investors, and salaried professionals who already read financial statements and want to separate genuinely great businesses from temporarily good ones. Covers the five moat sources (intangibles, switching costs, network effects, cost advantages, efficient scale), how moats show up in ROCE, margins, and cash flows on Screener.in, how moats erode through disruption and regulation, and how to avoid overpaying for quality, using real NSE and BSE listed examples throughout.