Manish Goel | Multibagger Shares

About Manish Goel

SEBI Registered Investment Advisor • Chartered Accountant

383 Articles Published

Manish Goel is a Chartered Accountant, SEBI-registered Investment Advisor, and founder of Multibagger Shares. A full-time value investor since 2010, he has helped thousands of investors build long-term wealth through quality stock picking and disciplined fundamental analysis.

June 6, 2026

Infographic-like hero showing Joel Greenblatt's framework: a gold-outlined 2x2 matrix on a dark blue background with descriptive text panels and a large white title below reading 'Where the Institutions Cannot Follow'.

The Secret Hiding Places: Joel Greenblatt’s 1997 Special-Situations Framework and Why the Long-Term Equity Investor Should Hunt Where the Forced Seller, Not the Forecast, Sets the Price

Joel Greenblatt's 1997 framework finds mispricing not in better forecasts but in forced sellers — corporate events that hand orphaned securities to holders mandated to dump them. An educational look at the mechanism, the evidence, and the discipline it asks of the long-term investor.

June 5, 2026

The Auditor's Opinion Hierarchy title with a four-step green timeline: Unqualified, Qualified, Adverse, Disclaimer.

The Auditor’s Opinion Hierarchy: How Unqualified, Qualified, Adverse & Disclaimer Reports Reveal Whether the Numbers Deserve Your Trust

India’s registered investor base has nearly quadrupled — from roughly 3 crore to more than 11 crore unique investors on the NSE in just a few […]

June 4, 2026

Bar chart on a dark blue background comparing two companies: A profit 100 and cash 103; B profit 100 and cash 38 (blue profit bars, green cash bar).

Price-to-Operating-Cash-Flow (P/CFO) Ratio: The Valuation Multiple That Refuses to Trust Profits Until the Cash Arrives

India’s registered investor base has exploded from roughly 3 crore to more than 11 crore unique investors on the NSE in just a few years — […]

June 3, 2026

Infographic showing debt/FCF multipliers by category: Fortress 1.50x, Comfortable 0.95x, Stretched 0.55x, Distressed 0.18x and a FY25 marker around 12x for CFO-to-debt.

Cash Flow From Operations to Total Debt Ratio: The Credit-Analyst’s 60-Second Solvency Test That Separates Self-Liquidating Balance Sheets From Slow-Bleed Leverage Time Bombs

The Cash Flow From Operations to Total Debt ratio — CFO divided by Total Borrowings — is the single most under-appreciated solvency test in Indian fundamental analysis. This article walks through the formula, two contrasting cases, and a dedicated FY25 audited case study.