Stock Alpha: ChatGPT for Equity Research

Hi everyone,

Over the past few months, I’ve been leveraging ChatGPT (GPT-4o) (Chatgpt Plus subscription)as an assistant in my investing journey — and I must say, it has significantly amplified the efficiency, depth, and structure of my research workflow.

I wanted to share a few practical examples of how it’s been useful — not as a stock tipper, but as a research companion who helps me structure my thoughts, dig deeper, and compare companies across multiple dimensions.


:magnifying_glass_tilted_left: Example Use Cases:

1. Deep-Dive Analysis on Small & Midcap Companies: I’ve used ChatGPT to create detailed reports on companies like Intellect Design Arena, Tanla Platforms, and Apollo Micro Systems. These reports included:

  • Segment-wise revenue & profit analysis
  • Governance scorecards
  • Innovation initiatives & R&D spend
  • Comparative peer analysis in tabular format

“Helped me parse 3 annual reports and 2 investor presentations into a 20-page actionable report.”


2. Investment Thesis Builder: For lesser-known IPOs like Identixweb Limited, I asked:

“Break up segment revenue, identify use of IPO proceeds, and benchmark against Shopify app competitors globally.”

Within minutes, I had TAM estimates, revenue of peer Shopify developers, and even risks from concentration in Indian markets. It helped me frame a thesis with red flags clearly outlined.


3. Comparative Tools: Asked:

“Compare Rategain with Amadeus. Who is better positioned for the AI era?”

Got back:

  • Side-by-side breakdown of revenue sources, client retention, AI initiatives
  • Assessment of scalability in SaaS vs legacy model
  • Moat analysis across travel-tech ecosystem

4. Macro-Industry Support: When I asked:

“Will Indian chemical exporters benefit from US tariffs on China?”

It returned:

  • 2024 US import data of organic/phenol chemicals from China
  • Sub-category breakdowns
  • List of Indian producers with mapped products to those US imports

5. Visual & Tabular Summarization: It often turns 200+ page ARs into:

  • Key financial trend charts
  • Line-by-line P&L YoY / QoQ bridge
  • Expense % mapping to Total Cost

“Showed which line item caused disproportionate margin dip in Q4 vs Q3”


6. Seamless Q&A Across Verticals: From asking:

  • “What is NIM in banking?”
  • “How is Groww outperforming Zerodha?”
  • “Compare Hariom Pipes with APL Apollo, margins, capacity, ROCE trajectory”

:hammer_and_wrench: How I Use It:

  • Feed PDFs or ask questions directly
  • Ask iterative, context-linked queries (like a research analyst would)
  • Save outputs as Excel/PDF for team use or reference

This tool doesn’t replace my judgment, but it accelerates first-level research, saves hours of Excel work, and ensures I’m not missing data buried in footnotes or investor decks.

I am posting some interactions that I have done with Chatgpt for two topics.

Regards,
Akshat

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