Rishi Singhal

Equity Investor, In pursuit Of Financial Nirvana.

[B B Vij @Bb20119Vij]

For personal attention of @PradeepIAS_HR sir. Kindly have this looked into. The entire stretch of link roads, i.e. Palm Drive Road and Khushal Sadh Baba Marg in Sector-66 ilare in a mess. Commuters particularly school buses facing jam throughout the day. Pl direct contractor. Pl

[Mayank @mayank_888]

Another feather in the cap. Congratulations @NayabSainiBJP @MunCorpGurugram @OfficialGMDA @HspcbS @HspcbN @Rao_InderjitS I can see you are working relentlessly to make us number 1 in pollution in couple of months, as soon as winters start.

[Pankaj Tibrewal @pankajtibre]

In investing, doing nothing is also a decision. And often, it is the hardest one.

Markets constantly tempt us to act.
A stock falls — should I sell?
It rises sharply — should I chase it?
Someone else is making money — what am I missing? FOMO feeling 
The news changes — should I change my portfolio?

But activity and progress are not the same thing.

Over time, I’ve realised that some of the best investment decisions were not brilliant buys or perfectly timed exits.

They were simply periods when we had done the work, understood what we owned, and had the patience not to interfere with compounding.

Of course, doing nothing should never mean ignoring facts. When the business changes, management integrity/governance is questioned, capital allocation deteriorates, or the original thesis breaks — act decisively.

But when only the price changes while the thesis remains intact — patience can be a competitive advantage.

Investing is a strange profession. We are paid to make decisions, yet sometimes the best decision is no decision at all.

This is why the process matters so much. Research gives you conviction. Risk management keeps you alive. And patience allows compounding to do its work.

#Investing #LongTermInvesting #InvestmentPhilosophy #Compounding #RiskManagement #IKIGAI

[B B Vij @Bb20119Vij]

And you too @narendramodi sahab look at the performance of your triple engine sarkar in Gurugram, Haryana. Gurugram has become a national shame today. But you too remain unconcerned. You too @Suhelseth Please lend your voice. @aajtak
@ABPNews

[B B Vij @Bb20119Vij]

Huge traffic jam since morning at Emaar Palm Drive Sector 66/49 traffic intersection on Golf course extension road, Gurugram after closure of Khushal Sadh Baba Marg due to laying of new sewer line. Request @dcptrafficggm to please post at least 2 traffic constables to manage.

[B B Vij @Bb20119Vij]

@CAQM_Official @CPCB_OFFICIAL Nothing new in the audit report. You knew about these two worst road dust generating roads for last many years. Why wasted money on audit when it was visible to naked eye.?Why did you not act against GMDA and @cmohry ? Seems you too are complicit.

[B B Vij @Bb20119Vij]

@MunCorpGurugram please depute your teams to visit the area and take immediate remedial measures to stop spread of dengye and other water borne diseases. More than 1500 families residing in the societies in it's vicinity viz. Palm Drive, Enclave etc may be affected. Act imdtly

[CitizensForCleanAirBharat @cleanAirBharat]

Timeline of an unresolved dust pollution issue on Golf Course Extension Road (GCER), Gurugram:

📌 10 Apr 2026: @CAQM_Official referred the complaint to @CPCB_OFFICIAL for necessary action.

📌 13 Apr 2026: @CPCB_OFFICIAL took cognisance and directed @MunCorpGurugram to act and update on Complaint ID: TW 21-25094.

📌 17 Jul 2026: @OfficialGMDA responded only that it is widening the main carriageway from Ghata Village to Vatika Chowk. However, it did not answer the two specific questions raised by Shri @Bb20119Vij:

1️⃣ Will all unpaved road stretches within approximately 300 metres of the St. Xavier’s School intersection be fully carpeted?
2️⃣ Will the unpaved service road opposite the school’s main gate towards #GCER also be carpeted?

These are among the major sources of fugitive dust pollution affecting thousands of schoolchildren, commuters and residents every day.

A generic reply is not a response.

Residents deserve a clear, point-wise confirmation.

#CAQM_Official is requested to depute a field team to measure and assess the dust pollution at this location and verify whether all identified dust-generating stretches are being permanently addressed- not just portions of the road.

#CPCB_OFFICIAL may kindly ensure that Complaint ID: TW 21-25094 reaches its logical conclusion with a transparent, time-bound compliance report.

Clean air demands action, transparency and accountability.

#CleanAir #DustPollution #AirPollution #Accountability #CleanAirBharat #Gurugram #Haryana

@moefcc @cmohry @csharyana

[B B Vij @Bb20119Vij]

@cmohry @NayabSainiBJP Who will attend to these grievances @cmohry ? How this illegal slum has come up on agricultural land behind Emaar Palm Drive Sector-66. @dtcphry to please look into it

[Sourabh Mathur @Sourabh31121980]

@KushalRanga27 @cmohry @MunCorpGurugram @DC_Gurugram @CPCB_OFFICIAL In our surroundings, people are creating slums, polluting the environment & agricultural land, collecting money in cash and avoiding income-tax, breaching fire norms and accumulating pollution.

[Sourabh Mathur @Sourabh31121980]

@KushalRanga27 @cmohry @MunCorpGurugram @DC_Gurugram @CPCB_OFFICIAL This is a very sad state for residents. We are paying huge amounts to buy property here in Gurgaon, plus taxes in the form of house-tax (we even pay for garbage collection) but it seems the authorities are least bothered to address the concern of the residents

[Kushal Ranga @KushalRanga27]

सस्ता वातावरण छीन निवासियों की जिंदगी !

@cmohry @MunCorpGurugram @DC_Gurugram @CPCB_OFFICIAL @

[B B Vij @Bb20119Vij]

Gurugram: Annual rains havoc, floodings, traffic snarls. Who is accountable for zero results despite huge spends: Rs 1400 crores. Probe, investigate and fix accountability @PMOIndia
@narendramodi https://t.co/73aHUfANPG

[B B Vij @Bb20119Vij]

@CAQM_Official @CPCB_OFFICIAL @HspcbS Please take up with @MunCorpGurugram . No effective steps are being taken to ensure that garbage etc is not allowed to pile up and burnt here. It has become a major health concern for more than thousand families residing in it's vicinity

[Ruchika Sethi @SethiRuchikaT]

Kind Attention @CAQM_Official @OfficialGMDA @CPCB_OFFICIAL

Every single resident living along GCER Road, and every commuter passing through it, is being subjected to severe dust pollution. The volume of resuspended dust is unimaginable. Search “#GCER #Roaddust” and you will find thousands of complaints, photographs and videos documenting the problem.

While road widening and redevelopment have been awaited for 11 long years, they cannot come at the cost of sacrificing public health.

Huge mounds of excavated soil and sand have been left exposed. Every truck, car and motorcycle passing over or alongside them kicks up dust into the air. Dry winds then carry it across homes, schools, offices and vehicles. It #suffocates you even with the windows shut. Visibility is poor and the air feels thick with dust.

The most basic dust-control measures are missing. Why are these soil mounds not covered with wet jute sheets, green nets, or other dust-suppression materials? Why are vehicles allowed to drive over exposed soil? Why are the mounds not properly barricaded and continuously wetted?

I am tagging several residents and citizen champions who have highlighted this issue for months and years and can share videos and evidence from the ground. Many have received responses from GMDA and CAQM that work is underway. That is appreciated. However, public health cannot be sent to the gallows while the work continues.

Every minute of exposure matters.

Cover the soil. Keep it wet. Prevent airborne dust pollution.

Find engineering solutions if necessary, but do not put residents and commuters under the gallows in the meantime.

Please🙏🙏

Hear the doctor and citizens @vinu261285
@GauriSarin @khushisinghal @standoffish011 @grg1202 @HumanistRadical @Bb20119Vij @cleanAirBharat

[sandip sabharwal @sandipsabharwal]

A note on Rajesh Exports that I wrote in 2015

Rajesh Exports

Now an example of a company that, as I write this book still trades at 52 week high prices. Any analyst who would read a series of Annual Reports of this company would be seriously concerned.

This is another company which I always had my doubts on. The story of the company has been touted many time. However after I visited the
office of the company in
Bangalore and made a visit to the plant I was totally convinced that I should not be investing in this company.
Back in the year 2008 when we were on the lookout for cheap companies to invest into after the boom in the markets from 2003-07 I had
made a mistake of investing
in the company despite having misgivings. We did lose some money in that investment but that could also have been attributed to the
overall bearishness in the stock markets as the company kept on reporting good numbers and also continued to announce grand
growth plans
However subsequent visits when I was managing money in Client Accounts in the year 2009 I decided to visit the office and facilities
Of the company and this made me convinced that the initial analysis was the right one.
The company SAYS that it is largely an exporter of GOLD JEWELLERY and has the cheapest cost of conversion in the country. It exports
largly to the MIDDLE EAST and pays
hardly any tax on its apparent EXPORTS to these countries. It periodically reports grant of huge export orders running into a few
hundred or thousands of crores.
The office of the company just does not reflect that of a company that is making 100's of crores of profits. It is for investors to
make a judgement for themselves however I would never touch this company again.

YearTurnoverOther IncomeNet ProfitsDebtorsInventoriesCash and EquivalentsIncrease in Loans
and advances
2008-0911949411875471745537527
2009-10185291181936124136653104
2010-112086433024815803777815-195
2011-122565419641226016357855-197
2012-133107415445323297759846-68
2013-1423537122724344957088-28

YearOperating Cash FlowInvestmentsTotal Tangible AssetsIncrease in DebtEquity Raised
Fixed Assets etc
2008-09-82.5258769800
2009-10608-4148313656
2010-116812.486444227
2011-12-2931.8717220
2012-132840.769-5270
2013-14-2629116703600

If you look at the annual report of the company in the 2012-13 balance sheet other income is Rs 154 Crores, however when you look at
the 2013-14 annual report the figure for 2012-13 is reported as Rs 2.68 Cr, maybe its some reclassification. If you look at the annual
reports over a period of time you would see that the company would never show creditors separately. Its only with the advent of
the new way of showing assets and liabilities that it has started showing it over the last year.

The entire balance sheet and profit and loss account of this company is incredulous. Its fixed assets have remained at Rs 70 Cr for the
last 6 years in which time the turnover has grown over 120%.
There is no maintenance capital expenditure and the Cash and Cash Equivaluents are an amazing Rs 7088 Crores and
Debt at Rs 3100 Crores. Just look at the figures for 2013-14 where payables of the
company have collapsed from Rs 8050 Cr to Rs 5197 Cr, thus apparently generating a huge negative operating cash flow.
The entire business of gold conversion, the profitability, the increase in Debtors by 500% when the APPARENT TURNOVER has
grown just about 120% is difficult to digest for me.
How is is humanly possible for a company with just Rs 70 Crores of fixed assets to generate a turnover of Rs 23000 Crores.
The total employee costs of this company are just Rs 5.57 Crores.
There are several serious doubts that come up just by analyzing publically available data and using ones mind a bit.
I just hope that whoever invests in this company does their due diligence
and visits the plant of the company for once for sure.
If anyone bothers to download the annual reports of this company from the website of the company itself you will see that in
general the annual report is a very basic one. In the year 2010-11 suddenly it
became glossy and I present an extract from the balance sheet
"The company has established itself as the largest Gold Jewellery retailer in the state of Karnataka. By April 2012 Rajesh Exports
will establish itself as the largest gold jeweler retailer in India. By April 2014
the company expects to emerge as the largest retailer in India across every segment"
A year later there is no mention of any of this in the annual report and it goes back to being a simple basic one.
The institutional holding in this company is over 22%.
Now if we just see the Trade Payables figure and the Cash and Cash Equivalent it shows an intersting picture, its an almost exact match
Trade PayablesCash and Equivalents
2012-1380509846
2013-1451977088
CHANGE28532758
As I write the stock trades at all time highs with a market capitalization of Rs 7111 Crores. I am sure a fund raising is around the corner.
The point here is that when there are red flags all around one needs to invest with eyes open in the quest for multibaggers.

There is no growth in Tangible Assets. Receivables have continued to balloon and so have creditors. This company apparently generates a turnover of Rs 20000 Crores plus with assets of Rs 70 Crores and claims to be the biggest gold processor and jewelry exporter out of India. Good luck to the investors of this company.

[Rishi Singhal @singhal_rishi]

@DoctorLemma lovely ❤️❤️

[Rishi Singhal @singhal_rishi]

@Prakashplutus Chomu !!

[Rishi Singhal @singhal_rishi]

@Iamsamirarora hahahaha....

[Rishi Singhal @singhal_rishi]

@VijayKu99350371 @abhishekcjain aankh khol kar bhaav dekho