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Manish Goel - SEBI Registered Investment Adviser

About Manish Goel

SEBI Registered Investment Adviser • Chartered Accountant

422 Articles Published

Manish Goel is a Chartered Accountant and the Founder of Multibagger Securities Research & Advisory Pvt. Ltd. (SEBI Registered Investment Adviser, INA100007736). 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.

September 10, 2026
Navy cover for The Shop That Painted Only Two Walls, showing a small building with two gold-painted walls facing a road and two bare walls behind

The Shop That Painted Only Two Walls: What a Company’s Spending on Itself Tells You

Every company spends money on its customers. It also spends money on itself: offices, staff, travel, perks. The second kind of spending is small in the accounts and loud about character. Here is how to read it, and how to tell careful from merely cheap.
September 9, 2026
Navy cover for The Shop That Sells to Every Miner, showing a row of gold-rush miners walking towards one shop selling pans

The Shop That Sells to Every Miner: Why Some Businesses Win Whoever Wins the Race

When a new industry booms, everyone tries to guess which company will win. There is a quieter kind of business that does not need to guess. It sells something every competitor must buy. Here is how to spot one, and the three ways it can still go wrong.
September 8, 2026
Navy cover for The Tree and the Size of the Field, showing the same sapling in a clay pot and in an open field

The Tree and the Size of the Field: How to Tell How Much Bigger a Business Can Still Grow

A good business is like a healthy tree. But a healthy tree in a small pot stops growing, while the same tree in an open field keeps growing for decades. Here is a simple way to judge the size of the field before you judge the tree.
September 7, 2026
Navy cover for The Shop With Free Rent, showing two sweet shops on the same street with two very different profit stacks

The Shop With Free Rent: How to Tell a Business That Earns Its Profit From One That Is Handed It

Some businesses look wonderful only because someone else is quietly paying part of their bills. A subsidy, a tax holiday or a protective duty can make an ordinary business look like a great one. Here is a simple way to tell the difference before the help runs out.
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