Sarfraz Bhimani

Experience

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  UBS

  Jan 2016 - Aug 2017

  Equity Research Associate

  • Alongside research associate responsibilities (covering the Supermajor Oil Companies) - analysed company’s total reserves, replacement costs, and finding & development costs from FAS69 summary for Global Oil and Gas Outlook.• Built an European gas storage and withdrawal model to track the seasonality in demand and its impact on prices.• Focused on ESG parameters to help investors find companies with values that match their own, key reports are:o Compared global energy mix and carbon emissions in reference to the Paris Climate Accord.o Studied corporate governance and executive remuneration for integrated coverage companies.• Recognition: Received ‘Spotlight' award for exemplary focus and ‘Game Changer’ award for excellent client feedback. Show less

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  Moody's Analytics

  Sept 2017 - Jan 2019

  Senior Research Associate

  • Worked end to end (managing financial models, writing company/sector reports and drafting presentations, handling client queries, etc.) on 11 Oil and Gas coverage companies. Rebuilt Indian Refining company models as per new IndAS.• Developed a global refining and petrochemical demand-supply model in contrast with new capital investments (and Energy Transition) in the space to forecast the next cycle of global refining margins/returns.• Recognition: Received “Rising Star Award” in the first six months for fulfilling expectations of onshore analysts. Show less

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  Motilal Oswal Financial Services Ltd

  Feb 2019 - Mar 2022

  Equity Research Analyst

  • Covered 25 companies (constituting 12% of Motilal Oswal coverage universe) in the Oil & Gas (15), Aviation (1) and Specialty Chemicals (9) space, with Oil and Gas companies constituting ~12% weight in MSCI India.• Developed detailed financial models, sector databases, and initiated coverage on 9 specialty chemical companies.• Played a pivotal role in evaluating investment opportunities and market trends, while presenting in-house views to institutional clients. Voted by the largest DII & FII clients and ranked #8 in AsiaMoney 2020 for Energy space.• Recognition: Received 4 ‘GEM’ awards for appreciation from clients on research reports and prioritising client requests. Show less

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  J.P. Morgan

  Mar 2022 - Mar 2024

  India Equity Research Associate

  • Research analyst with 7+ years of sell side experience, currently covering Oil & Gas, Metals & Mining, and Cement.• Published multiple deep dive reports on sub-sectors (Telecom, Consumer Retail, New Energy) of Reliance Industries.• Performed fundamental analysis to generate investment recommendations through sensitivity/scenario analysis, pro-forma M&A analysis, and valuation techniques (DCF, SOTP and NAV). Co-authored company/sector research reports.• Established and maintained connections with investor relations and ‘C-suite’ personnel of companies under coverage.• Secured votes in Asia Institutional Investor (Asia II) Research 2023 poll under the Chemicals, Oil & Gas category. Show less

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  ADNOC Group

  Mar 2024 - now

  Group Strategic Investments Manager