Manish Goel

Manish Goel - SEBI Registered Research Analyst

About Manish Goel

SEBI Registered Research Analyst • Chartered Accountant

377 Articles Published

Manish Goel is a Chartered Accountant, SEBI Registered Research Analyst, and founder of Manish Goel PMS. 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.

April 24, 2026
Horizontal bar chart of Working Capital Days & Cash Conversion by fiscal year from FY20 to FY25, with values FY20 28, FY21 26, FY22 22, FY23 18, FY24 14, FY25 11; FY25 bar is green.

Working Capital Days & Cash Conversion Cycle

Decode Cash Conversion Cycle and Working Capital Days the way serious value investors do — and see how Titan Biotech's 261-day FY25 CCC is fully self-funded with near-zero debt.
April 24, 2026
Hero banner with title 'The Fat Pitch Principle' and green subtitle; below is a four-block grid labeled Trader (gray), Compounder (green), Drift (light gray), Speculator (orange).

The Fat Pitch Principle: Warren Buffett’s Ted-Williams-Inspired Rule for Swing Selectivity in Indian Value Investing

Why the 77-cell strike zone Ted Williams built and Warren Buffett later adapted remains the single most decision-disciplining mental model for Indian value investors — illustrated with Titan Biotech's FY25 numbers.
April 23, 2026
Hero section with a dark navy background showing a capacity utilisation bar chart from FY20 to FY25, ending at 11% for FY25 (green bar). The page title is ‘Capacity Utilisation’ with a subtitle about growth.

Capacity Utilisation: When Existing Plants Can Fund the Next Leg of Growth

Capacity Utilisation becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.
April 23, 2026
Hero header for 'Base Rate Neglect' article with a 2x2 color grid: labels Lucky, Disciplined Investor, Confused, and Bias-Trapped conveying investor mindsets.

Base Rate Neglect: The Kahneman-Tversky 1973 Cognitive Bias Behind ₹1.8 Lakh Crore of Indian F&O Losses

Kahneman & Tversky's 1973 "Tom W." experiment exposed base rate neglect — the bias behind 93% Indian F&O loss rates. Learn the 5-step counter-measure framework, and see how Titan Biotech's FY25 CFO/OP of 103%, ₹3 Cr borrowings, and 29% 10-year profit CAGR illustrate favourable-tail corporate markers (educational case study, not a valuation call).
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