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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 21, 2026
A revolving door seen from above, with most of the small figures streaming out through the opening and only two remaining inside

The Revolving Door: What Staff Turnover Quietly Tells You About the Quality of a Business

A company publishes what share of its staff left during the year. Most beginners never look at it. A plain-English guide to staff turnover — what the number means, why it quietly shows up in profits years later, and how to read it without guessing.
August 20, 2026
Two bars compared: a full-width gold bar for the sales of all shops together, and a much shorter bar for the sales of only the shops the company already had

The Same Shop, One Year Later: How to Tell Real Growth From Just Opening More Doors

Rising sales can mean two completely different things: the shops you already had are selling more, or you simply own more shops. A plain-English guide to same-store sales growth — what it is, why it is so hard to fake, and how to check it in an afternoon.
August 19, 2026
Two shop counters compared: one manned by a single person with an empty space beside him, the other with a second trained person already at the counter

The Understudy: How to Tell Whether a Business Has Prepared for the Day Its Leader Leaves

A great manager is an asset. A great manager nobody could replace is a risk. A simple, beginner-friendly guide to reading a company's succession plan — and what it tells you about the quality of the people running the business today.
August 15, 2026
The promise ledger: three columns recording what a company said, what it did, and the gap between them

The Promise Ledger: How to Check What a Company Said Last Year Against What It Actually Did

Every year the people running a business tell you what they intend to do. Almost nobody writes it down. A simple three-column ledger turns those sentences into the one management test an outside investor can actually run.
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