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

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Capacity Utilisation becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.

Manish GoelApril 23, 2026 Blog Read more

Mean Reversion: Why Great Companies Can Still Deliver Poor Returns When Expectations Get Too High

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Mean Reversion becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.

Manish GoelApril 22, 2026 Blog Read more

Switching Costs: The Invisible Lock-In That Protects Great Businesses for Decades

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Switching Costs becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.

Manish GoelApril 22, 2026 Blog Read more

Translate:

My Portfolio CAGR is 112% as on 31.10.2024
My Contract Note of 28.06.2024 showing A.K. Spintex buying at 185 average

Telegram Link - https://telegram.me/longtermequityy

Manish Goel in ABP Live
Manish Goel in LiveMint
Bhopal Samachar

My Other Posts

  • 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
  • The Auditor’s Opinion Hierarchy: How Unqualified, Qualified, Adverse & Disclaimer Reports Reveal Whether the Numbers Deserve Your Trust
  • Price-to-Operating-Cash-Flow (P/CFO) Ratio: The Valuation Multiple That Refuses to Trust Profits Until the Cash Arrives
  • 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
  • Cash & Equivalents as a Percentage of Market Cap: The Graham-Era Deep-Value Forensic Test That Reveals How Much You’re Actually Paying for the Operating Business
  • Goodwill-to-Net-Worth Ratio: The Forensic Balance-Sheet Test That Reveals Whether Indian Companies Bought Their Earnings Or Built Them Organically
  • Days Payable Outstanding: The Working-Capital Ratio That Reveals Negotiating Power or Hidden Liquidity Stress
  • Borrowings-to-Equity Ratio: How One Balance-Sheet Line Separates Capital-Disciplined Compounders From Leverage-Driven Time Bombs
  • Incremental Return on Invested Capital: The Mauboussin-Greenwald Compounder Test That Reveals Whether Every New Rupee of Capital Earns Its Keep
  • Sloan’s Accrual Anomaly: The 1996 Accounting Review Discovery That High-Accrual Stocks Underperform — And Why the Cash-Backed Earnings Test Is the Single Most Powerful Forensic Filter for Indian Long-Term Investors
  • Defensive Interval Ratio: The Forensic Liquidity Metric That Reveals How Many Days a Business Can Survive Without Selling Inventory or Receiving New Revenue
  • 10-Year PAT CAGR: The Bottom-Line Compounding Test Every Indian Long-Term Investor Must Master
  • Subsequent Events Disclosure (Ind AS 10): What ‘Events After the Reporting Period’ Reveal About Corporate Transparency, Investor Risk, and Management’s Willingness to Share Bad News on Time
Economic Times Industry Leaders Award for Manish Goel
In last 5 years, Out of my these shortlisted 30 companies, Hazoor Multiprojects Multiplied 21 Times in 2 Years, and Sangam Advisors (Waaree Renewables Technologies ltd) Multiplied 450 Times in 5 Years.
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