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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.

August 24, 2026
Infographic about distance as a competitive moat: left shows a factory (The Plant), middle a freight truck with coins (The Freight), right buildings (The Customer); curved arcs connect them. Top-right shows two product icons (50 kg vs 5 ml) with the caption 'which has fewer rivals?'; subtitle: 'Some businesses are protected by nothing cleverer than the cost of a truck.'

The Moat Made of Distance: Why the Cost of a Truck Protects Some Businesses

Cement, gravel, bricks and bottled water are shielded from distant competitors by nothing cleverer than the cost of the truck. A plain-English guide to value per kilo, the freight line in the profit and loss account, and why a natural local advantage still cannot save a bad balance sheet.
August 23, 2026

Once in 2–3 Years, I Find Just One. I’ve Found It Again.

Friends, As many of you already know, I do not chase stocks. Over a span of 2–3 years, I identify only ONE — the single company […]
August 23, 2026
A stack of signed order cards funnelling through an execution funnel into a single gold coin marked rupee

Work Already Won: How to Read a Company’s Order Book

An order book is a company’s diary of work it has won but not yet done. Here is how a beginner can read one honestly — how many years of work it holds, whether it is growing, what is quietly excluded from it, and whether profit and cash actually follow the work.
August 22, 2026
Two theatre stages side by side: the first lit with a single figure on it, the second dark and empty with a question mark

The Second Act: How to Tell Whether a Business Can Win More Than Once

Nearly every good company was built on one idea that worked. Whether it can find a second one decides the next twenty years. A plain-English guide to the second-act test — what it means, why the first act always ends, and five simple checks anyone can run.
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