{"id":15526,"date":"2025-11-07T15:36:36","date_gmt":"2025-11-07T10:06:36","guid":{"rendered":"https:\/\/www.gwcindia.in\/blog\/?p=15526"},"modified":"2025-11-07T15:36:36","modified_gmt":"2025-11-07T10:06:36","slug":"how-to-use-annual-reports-to-evaluate-a-company","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/how-to-use-annual-reports-to-evaluate-a-company\/","title":{"rendered":"How to Use Annual Reports to Evaluate a Company"},"content":{"rendered":"<h1 data-start=\"40\" data-end=\"95\"><strong data-start=\"42\" data-end=\"93\">How to Use Annual Reports to Evaluate a Company<\/strong><\/h1>\n<p data-start=\"131\" data-end=\"465\">When you invest in a company, you are essentially buying a share of its future. To make smart investment decisions, you need to understand how the company has performed financially, how it plans to grow, the sustainability of its business model, and the risks ahead. One of the best tools for this evaluation is the <strong data-start=\"447\" data-end=\"464\">Annual Report<\/strong>.<\/p>\n<p data-start=\"467\" data-end=\"783\">An <strong data-start=\"470\" data-end=\"487\">Annual Report<\/strong> is a yearly publication released by a company to provide details about its financial performance, operations, management decisions, and future outlook. While it may seem lengthy and full of financial jargon, learning how to read it effectively can significantly improve your investment judgment.<\/p>\n<p data-start=\"785\" data-end=\"906\">This guide will walk you through the <strong data-start=\"822\" data-end=\"858\">key sections of an annual report<\/strong> and how to interpret them as a retail investor.<\/p>\n<hr data-start=\"908\" data-end=\"911\" \/>\n<h2 data-start=\"913\" data-end=\"969\"><strong data-start=\"916\" data-end=\"969\">1. Start with the Director\u2019s \/ Chairman\u2019s Message<\/strong><\/h2>\n<p data-start=\"971\" data-end=\"1019\">This introductory section provides insight into:<\/p>\n<ul data-start=\"1020\" data-end=\"1168\">\n<li data-start=\"1020\" data-end=\"1064\">\n<p data-start=\"1022\" data-end=\"1064\">The company\u2019s performance during the year.<\/p>\n<\/li>\n<li data-start=\"1065\" data-end=\"1108\">\n<p data-start=\"1067\" data-end=\"1108\">Industry environment and market movement.<\/p>\n<\/li>\n<li data-start=\"1109\" data-end=\"1168\">\n<p data-start=\"1111\" data-end=\"1168\">Key achievements, challenges, and future strategic goals.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1170\" data-end=\"1191\"><strong data-start=\"1170\" data-end=\"1191\">What to look for:<\/strong><\/p>\n<ul data-start=\"1192\" data-end=\"1353\">\n<li data-start=\"1192\" data-end=\"1267\">\n<p data-start=\"1194\" data-end=\"1267\">Does management communicate honestly about both successes and challenges?<\/p>\n<\/li>\n<li data-start=\"1268\" data-end=\"1313\">\n<p data-start=\"1270\" data-end=\"1313\">Is the tone realistic or overly optimistic?<\/p>\n<\/li>\n<li data-start=\"1314\" data-end=\"1353\">\n<p data-start=\"1316\" data-end=\"1353\">Are future plans clearly articulated?<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1355\" data-end=\"1470\"><em data-start=\"1355\" data-end=\"1470\">A transparent tone signals strong corporate governance; overly generic statements may indicate lack of direction.<\/em><\/p>\n<hr data-start=\"1472\" data-end=\"1475\" \/>\n<h2 data-start=\"1477\" data-end=\"1516\"><strong data-start=\"1480\" data-end=\"1516\">2. Understand the Business Model<\/strong><\/h2>\n<p data-start=\"1518\" data-end=\"1581\">Most annual reports include a <strong data-start=\"1548\" data-end=\"1569\">Business Overview<\/strong> explaining:<\/p>\n<ul data-start=\"1582\" data-end=\"1700\">\n<li data-start=\"1582\" data-end=\"1605\">\n<p data-start=\"1584\" data-end=\"1605\">What the company does<\/p>\n<\/li>\n<li data-start=\"1606\" data-end=\"1633\">\n<p data-start=\"1608\" data-end=\"1633\">Products\/services offered<\/p>\n<\/li>\n<li data-start=\"1634\" data-end=\"1655\">\n<p data-start=\"1636\" data-end=\"1655\">Geographic presence<\/p>\n<\/li>\n<li data-start=\"1656\" data-end=\"1700\">\n<p data-start=\"1658\" data-end=\"1700\">Target markets and competitive positioning<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1702\" data-end=\"1732\"><strong data-start=\"1702\" data-end=\"1732\">Questions to ask yourself:<\/strong><\/p>\n<ul data-start=\"1733\" data-end=\"1883\">\n<li data-start=\"1733\" data-end=\"1771\">\n<p data-start=\"1735\" data-end=\"1771\">What problem does the company solve?<\/p>\n<\/li>\n<li data-start=\"1772\" data-end=\"1830\">\n<p data-start=\"1774\" data-end=\"1830\">Is its product\/service in a growing or declining market?<\/p>\n<\/li>\n<li data-start=\"1831\" data-end=\"1883\">\n<p data-start=\"1833\" data-end=\"1883\">How does it differentiate itself from competitors?<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1885\" data-end=\"1970\">Look for companies operating in <strong data-start=\"1917\" data-end=\"1969\">growing sectors with a defensible business model<\/strong>.<\/p>\n<hr data-start=\"1972\" data-end=\"1975\" \/>\n<h2 data-start=\"1977\" data-end=\"2018\"><strong data-start=\"1980\" data-end=\"2018\">3. Review Key Financial Statements<\/strong><\/h2>\n<p data-start=\"2020\" data-end=\"2114\">This is where your investment thesis becomes quantifiable. Focus on <strong data-start=\"2088\" data-end=\"2113\">three core statements<\/strong>:<\/p>\n<h3 data-start=\"2116\" data-end=\"2169\"><strong data-start=\"2120\" data-end=\"2169\">a) Income Statement (Profit &amp; Loss Statement)<\/strong><\/h3>\n<p data-start=\"2170\" data-end=\"2210\">Shows revenue, expenses, and net profit.<\/p>\n<p data-start=\"2212\" data-end=\"2237\"><strong data-start=\"2212\" data-end=\"2237\">Key metrics to check:<\/strong><\/p>\n<ul data-start=\"2238\" data-end=\"2444\">\n<li data-start=\"2238\" data-end=\"2305\">\n<p data-start=\"2240\" data-end=\"2305\"><strong data-start=\"2240\" data-end=\"2259\">Revenue Growth:<\/strong> Is the company consistently increasing sales?<\/p>\n<\/li>\n<li data-start=\"2306\" data-end=\"2379\">\n<p data-start=\"2308\" data-end=\"2379\"><strong data-start=\"2308\" data-end=\"2329\">Operating Margin:<\/strong> Indicates efficiency of core business operations.<\/p>\n<\/li>\n<li data-start=\"2380\" data-end=\"2444\">\n<p data-start=\"2382\" data-end=\"2444\"><strong data-start=\"2382\" data-end=\"2404\">Net Profit Margin:<\/strong> Shows profitability after all expenses.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2446\" data-end=\"2511\"><em data-start=\"2446\" data-end=\"2511\">Steady and improving profit margins signal financial stability.<\/em><\/p>\n<hr data-start=\"2513\" data-end=\"2516\" \/>\n<h3 data-start=\"2518\" data-end=\"2542\"><strong data-start=\"2522\" data-end=\"2542\">b) Balance Sheet<\/strong><\/h3>\n<p data-start=\"2543\" data-end=\"2596\">Displays assets, liabilities, and shareholder equity.<\/p>\n<p data-start=\"2598\" data-end=\"2611\"><strong data-start=\"2598\" data-end=\"2611\">Look for:<\/strong><\/p>\n<ul data-start=\"2612\" data-end=\"2821\">\n<li data-start=\"2612\" data-end=\"2683\">\n<p data-start=\"2614\" data-end=\"2683\"><strong data-start=\"2614\" data-end=\"2639\">Debt-to-Equity Ratio:<\/strong> High debt can be risky in volatile markets.<\/p>\n<\/li>\n<li data-start=\"2684\" data-end=\"2759\">\n<p data-start=\"2686\" data-end=\"2759\"><strong data-start=\"2686\" data-end=\"2704\">Cash Reserves:<\/strong> Companies with strong cash buffers are more resilient.<\/p>\n<\/li>\n<li data-start=\"2760\" data-end=\"2821\">\n<p data-start=\"2762\" data-end=\"2821\"><strong data-start=\"2762\" data-end=\"2780\">Asset Quality:<\/strong> Are assets productive or under-utilized?<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2823\" data-end=\"2870\"><em data-start=\"2823\" data-end=\"2870\">A strong balance sheet reduces downside risk.<\/em><\/p>\n<hr data-start=\"2872\" data-end=\"2875\" \/>\n<h3 data-start=\"2877\" data-end=\"2907\"><strong data-start=\"2881\" data-end=\"2907\">c) Cash Flow Statement<\/strong><\/h3>\n<p data-start=\"2908\" data-end=\"2988\">Shows how cash moves within the business\u2014more realistic than accounting profits.<\/p>\n<p data-start=\"2990\" data-end=\"2996\">Check:<\/p>\n<ul data-start=\"2997\" data-end=\"3190\">\n<li data-start=\"2997\" data-end=\"3084\">\n<p data-start=\"2999\" data-end=\"3084\"><strong data-start=\"2999\" data-end=\"3023\">Operating Cash Flow:<\/strong> Should ideally be higher than net profit over the long term.<\/p>\n<\/li>\n<li data-start=\"3085\" data-end=\"3190\">\n<p data-start=\"3087\" data-end=\"3190\"><strong data-start=\"3087\" data-end=\"3112\">Free Cash Flow (FCF):<\/strong> Cash available after capital expenditures\u2014important for dividends and growth.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3192\" data-end=\"3268\">Companies with <strong data-start=\"3207\" data-end=\"3234\">positive and rising FCF<\/strong> have greater investment strength.<\/p>\n<hr data-start=\"3270\" data-end=\"3273\" \/>\n<h2 data-start=\"3275\" data-end=\"3325\"><strong data-start=\"3278\" data-end=\"3325\">4. Analyze Promoter &amp; Shareholding Patterns<\/strong><\/h2>\n<p data-start=\"3327\" data-end=\"3412\">This section tells you <strong data-start=\"3350\" data-end=\"3378\">who controls the company<\/strong> and how ownership is distributed.<\/p>\n<p data-start=\"3414\" data-end=\"3435\"><strong data-start=\"3414\" data-end=\"3435\">Promoter Holding:<\/strong><\/p>\n<ul data-start=\"3436\" data-end=\"3585\">\n<li data-start=\"3436\" data-end=\"3508\">\n<p data-start=\"3438\" data-end=\"3508\"><strong data-start=\"3438\" data-end=\"3461\">High holding (&gt;50%)<\/strong> indicates confidence and long-term commitment.<\/p>\n<\/li>\n<li data-start=\"3509\" data-end=\"3585\">\n<p data-start=\"3511\" data-end=\"3585\"><strong data-start=\"3511\" data-end=\"3539\">Falling promoter holding<\/strong> could be a red flag unless clearly explained.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3587\" data-end=\"3625\"><strong data-start=\"3587\" data-end=\"3625\">Institutional Investors (FII\/DII):<\/strong><\/p>\n<ul data-start=\"3626\" data-end=\"3687\">\n<li data-start=\"3626\" data-end=\"3687\">\n<p data-start=\"3628\" data-end=\"3687\">Increasing institutional ownership can signal market trust.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"3689\" data-end=\"3692\" \/>\n<h2 data-start=\"3694\" data-end=\"3751\"><strong data-start=\"3697\" data-end=\"3751\">5. Examine Management Discussion &amp; Analysis (MD&amp;A)<\/strong><\/h2>\n<p data-start=\"3753\" data-end=\"3822\">This is one of the most valuable sections. It provides insights into:<\/p>\n<ul data-start=\"3823\" data-end=\"3926\">\n<li data-start=\"3823\" data-end=\"3853\">\n<p data-start=\"3825\" data-end=\"3853\">Business performance drivers<\/p>\n<\/li>\n<li data-start=\"3854\" data-end=\"3881\">\n<p data-start=\"3856\" data-end=\"3881\">Opportunities and threats<\/p>\n<\/li>\n<li data-start=\"3882\" data-end=\"3908\">\n<p data-start=\"3884\" data-end=\"3908\">Operational improvements<\/p>\n<\/li>\n<li data-start=\"3909\" data-end=\"3926\">\n<p data-start=\"3911\" data-end=\"3926\">Future strategy<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3928\" data-end=\"3949\"><strong data-start=\"3928\" data-end=\"3949\">What to look for:<\/strong><\/p>\n<ul data-start=\"3950\" data-end=\"4078\">\n<li data-start=\"3950\" data-end=\"4005\">\n<p data-start=\"3952\" data-end=\"4005\">Whether management addresses real business challenges<\/p>\n<\/li>\n<li data-start=\"4006\" data-end=\"4078\">\n<p data-start=\"4008\" data-end=\"4078\">Whether growth plans are measurable and realistic (not vague promises)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4080\" data-end=\"4143\">Good MD&amp;A reads like a logical roadmap, not marketing material.<\/p>\n<hr data-start=\"4145\" data-end=\"4148\" \/>\n<h2 data-start=\"4150\" data-end=\"4196\"><strong data-start=\"4153\" data-end=\"4196\">6. Review Notes to Financial Statements<\/strong><\/h2>\n<p data-start=\"4198\" data-end=\"4293\">Many investors skip this section \u2014 but <strong data-start=\"4237\" data-end=\"4283\">this is where crucial hidden details exist<\/strong>, such as:<\/p>\n<ul data-start=\"4294\" data-end=\"4420\">\n<li data-start=\"4294\" data-end=\"4321\">\n<p data-start=\"4296\" data-end=\"4321\">Accounting policy changes<\/p>\n<\/li>\n<li data-start=\"4322\" data-end=\"4371\">\n<p data-start=\"4324\" data-end=\"4371\">Contingent liabilities (potential future risks)<\/p>\n<\/li>\n<li data-start=\"4372\" data-end=\"4388\">\n<p data-start=\"4374\" data-end=\"4388\">Legal disputes<\/p>\n<\/li>\n<li data-start=\"4389\" data-end=\"4420\">\n<p data-start=\"4391\" data-end=\"4420\">Segment performance breakdown<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4422\" data-end=\"4490\">Even small details here can significantly impact future performance.<\/p>\n<hr data-start=\"4492\" data-end=\"4495\" \/>\n<h2 data-start=\"4497\" data-end=\"4534\"><strong data-start=\"4500\" data-end=\"4534\">7. Assess Corporate Governance<\/strong><\/h2>\n<p data-start=\"4536\" data-end=\"4586\">Strong governance builds investor trust. Look for:<\/p>\n<ul data-start=\"4587\" data-end=\"4767\">\n<li data-start=\"4587\" data-end=\"4624\">\n<p data-start=\"4589\" data-end=\"4624\">Independent director representation<\/p>\n<\/li>\n<li data-start=\"4625\" data-end=\"4655\">\n<p data-start=\"4627\" data-end=\"4655\">Audit committee transparency<\/p>\n<\/li>\n<li data-start=\"4656\" data-end=\"4704\">\n<p data-start=\"4658\" data-end=\"4704\">ESOP (Employee Stock Ownership Plan) structure<\/p>\n<\/li>\n<li data-start=\"4705\" data-end=\"4767\">\n<p data-start=\"4707\" data-end=\"4767\">Related party transactions (should be minimal and justified)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4769\" data-end=\"4858\">Companies with weak governance practices may inflate profits or take unethical decisions.<\/p>\n<hr data-start=\"4860\" data-end=\"4863\" \/>\n<h2 data-start=\"4865\" data-end=\"4926\"><strong data-start=\"4868\" data-end=\"4926\">Putting It All Together: A Simple Evaluation Checklist<\/strong><\/h2>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"4928\" data-end=\"5543\">\n<thead data-start=\"4928\" data-end=\"4978\">\n<tr data-start=\"4928\" data-end=\"4978\">\n<th data-start=\"4928\" data-end=\"4946\" data-col-size=\"sm\">Evaluation Area<\/th>\n<th data-start=\"4946\" data-end=\"4965\" data-col-size=\"md\">What to Look For<\/th>\n<th data-start=\"4965\" data-end=\"4978\" data-col-size=\"sm\">Good Sign<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"4993\" data-end=\"5543\">\n<tr data-start=\"4993\" data-end=\"5090\">\n<td style=\"text-align: left\" data-start=\"4993\" data-end=\"5010\" data-col-size=\"sm\">Business Model<\/td>\n<td data-start=\"5010\" data-end=\"5056\" data-col-size=\"md\">Clear value proposition, market opportunity<\/td>\n<td data-start=\"5056\" data-end=\"5090\" data-col-size=\"sm\">Growing industry, strong brand<\/td>\n<\/tr>\n<tr data-start=\"5091\" data-end=\"5188\">\n<td style=\"text-align: left\" data-start=\"5091\" data-end=\"5115\" data-col-size=\"sm\">Financial Performance<\/td>\n<td data-start=\"5115\" data-end=\"5156\" data-col-size=\"md\">Revenue, profit, free cash flow trends<\/td>\n<td data-start=\"5156\" data-end=\"5188\" data-col-size=\"sm\">Consistent upward trajectory<\/td>\n<\/tr>\n<tr data-start=\"5189\" data-end=\"5273\">\n<td style=\"text-align: left\" data-start=\"5189\" data-end=\"5214\" data-col-size=\"sm\">Balance Sheet Strength<\/td>\n<td data-start=\"5214\" data-end=\"5243\" data-col-size=\"md\">Low debt, healthy reserves<\/td>\n<td data-start=\"5243\" data-end=\"5273\" data-col-size=\"sm\">Low D\/E ratio, strong cash<\/td>\n<\/tr>\n<tr data-start=\"5274\" data-end=\"5355\">\n<td style=\"text-align: left\" data-start=\"5274\" data-end=\"5295\" data-col-size=\"sm\">Management Quality<\/td>\n<td data-start=\"5295\" data-end=\"5335\" data-col-size=\"md\">Clear communication, strategic vision<\/td>\n<td data-start=\"5335\" data-end=\"5355\" data-col-size=\"sm\">Transparent MD&amp;A<\/td>\n<\/tr>\n<tr data-start=\"5356\" data-end=\"5454\">\n<td style=\"text-align: left\" data-start=\"5356\" data-end=\"5379\" data-col-size=\"sm\">Shareholding Pattern<\/td>\n<td data-start=\"5379\" data-end=\"5424\" data-col-size=\"md\">Strong promoter + institutional confidence<\/td>\n<td data-start=\"5424\" data-end=\"5454\" data-col-size=\"sm\">Stable or rising ownership<\/td>\n<\/tr>\n<tr data-start=\"5455\" data-end=\"5543\">\n<td style=\"text-align: left\" data-start=\"5455\" data-end=\"5478\" data-col-size=\"sm\">Corporate Governance<\/td>\n<td data-start=\"5478\" data-end=\"5514\" data-col-size=\"md\">Ethical and transparent processes<\/td>\n<td data-start=\"5514\" data-end=\"5543\" data-col-size=\"sm\">Strong board independence<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-15527\" src=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2025\/11\/report-800x1200.png\" alt=\"\" width=\"800\" height=\"1200\" srcset=\"https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2025\/11\/report-800x1200.png 800w, https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2025\/11\/report-150x225.png 150w, https:\/\/www.gwcindia.in\/blog\/wp-content\/uploads\/sites\/2\/2025\/11\/report.png 1024w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<\/div>\n<\/div>\n<hr data-start=\"5545\" data-end=\"5548\" \/>\n<h2 data-start=\"5550\" data-end=\"5567\"><strong data-start=\"5553\" data-end=\"5567\">Conclusion<\/strong><\/h2>\n<p data-start=\"5569\" data-end=\"5899\">Annual Reports may seem intimidating at first, but once you understand <strong data-start=\"5640\" data-end=\"5658\">where to focus<\/strong>, they become one of the most powerful tools for making informed investment decisions. By regularly reviewing these reports, you\u2019ll learn to <strong data-start=\"5799\" data-end=\"5837\">identify stable, growing companies<\/strong> and avoid those with weak fundamentals or unclear strategies.<\/p>\n<p data-start=\"5901\" data-end=\"6063\"><strong data-start=\"5901\" data-end=\"6017\">Smart investing is not about reacting to price movements\u2014it\u2019s about understanding the business behind the stock.<\/strong><br data-start=\"6017\" data-end=\"6020\" \/>Annual reports give you that understanding.<\/p>\n<p data-start=\"5901\" data-end=\"6063\">Related Blogs:<\/p>\n<p data-start=\"5901\" data-end=\"6063\"><a href=\"https:\/\/www.gwcindia.in\/blog\/?p=14286&amp;preview=true\">How to Analyze Management Quality Using Publicly Available Data<\/a><\/p>\n<p data-start=\"5901\" data-end=\"6063\"><a href=\"https:\/\/www.gwcindia.in\/blog\/how-to-read-a-companys-balance-sheet-before-investing\/\" target=\"_blank\" rel=\"noopener\">How to Read a Company\u2019s Balance Sheet Before Investing<\/a><\/p>\n<p data-start=\"5901\" data-end=\"6063\"><a href=\"https:\/\/www.gwcindia.in\/blog\/what-is-fundamental-analysis-a-beginners-guide\/\" target=\"_blank\" rel=\"noopener\">What Is Fundamental Analysis? A Beginner\u2019s Guide<\/a><\/p>\n<p data-start=\"5901\" data-end=\"6063\"><a href=\"https:\/\/www.gwcindia.in\/blog\/understanding-the-income-statement-a-beginners-guide\/\" target=\"_blank\" rel=\"noopener\">Understanding the Income Statement: A Beginner\u2019s Guide<\/a><\/p>\n<p data-start=\"5901\" data-end=\"6063\"><a href=\"https:\/\/www.gwcindia.in\/blog\/understanding-cash-flow-statements-for-investors\/\" target=\"_blank\" rel=\"noopener\">Understanding Cash Flow Statements for Investors<\/a><\/p>\n<p data-start=\"5901\" data-end=\"6063\"><strong>Disclaimer:<\/strong>\u00a0This blog post is intended for informational purposes only and should not be considered financial advice. The financial data presented is subject to change over time, and the securities mentioned are examples only and do not constitute investment recommendations. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Use Annual Reports to Evaluate a Company When you invest in a company, you are essentially buying a share of its future. To make smart investment decisions, you need to understand how the company has performed financially, how it plans to grow, the sustainability of its business model, and the risks ahead. One [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":15528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2747,2751,2675,2693,2493,2752,2676,2674,2748,2682,2638,2753,49,2750,2736,2565,2749,370],"class_list":["post-15526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-annual-reports","tag-business-model-assessment","tag-company-analysis","tag-company-valuation","tag-equity-investing","tag-evaluating-investments","tag-financial-statements","tag-fundamental-analysis","tag-how-to-read-annual-reports","tag-investment-guide","tag-investor-education","tag-learn-stock-market","tag-long-term-investing","tag-management-discussion-and-analysis","tag-promoter-holding","tag-retail-investors","tag-stock-market-research","tag-value-investing"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/15526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=15526"}],"version-history":[{"count":2,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/15526\/revisions"}],"predecessor-version":[{"id":15533,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/15526\/revisions\/15533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/15528"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=15526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=15526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=15526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}