The Research Ledger

Independent research · Est. 2026

Understanding the business behind the numbers.

A student-led publication exploring companies, financial decisions, markets and business strategy — built on original disclosures, with every source shown.

An open annual report on a desk beside a pen and reading glasses

Featured company research

Draft — under verification18 October 2026 · 7 min read

The Economics of Convenience: Understanding Swiggy's business model and profitability

Food delivery, quick commerce, and the long road to profitability — read through Swiggy's own disclosures.

Latest research

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Company Research

The Economics of Convenience

Understanding Swiggy's business model and profitability

Draft — under verification18 October 20267 min read

Finance Explained

Reading a Cash Flow Statement

Why profit and cash are not the same thing — a beginner-friendly guide to how cash moves through a business and what financial statements reveal.

Published18 October 202610 min read

More research is in progress. Topics below marked "Planned topic" have not been written yet.

Finance explained

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Reading a Cash Flow Statement

Why profit and cash are not the same thing — a beginner-friendly guide to how cash moves through a business and what financial statements reveal.

Published18 October 202610 min read

Business & industry insights

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Business & Industry Strategy

Quick Commerce in India

Growth, unit economics and sustainability

Planned topic — not yet written

Business & Industry Strategy

AI in Financial Services

Efficiency, risk and competitive strategy

Planned topic — not yet written

About the author

Diya Saya is a BBA Finance student at PES University, using this ledger to learn research in public.

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