Money as a topic was never taught in Schools, Colleges, & even Universities. No one knows how to manage money, how to invest, how to save, and end up making ample money mistakes that they later regret.
Hi! I am Kushal Lodha, a Rankholder CA (AIR 6, 5, 5), CFA and ACCA and through my podcast, Konversation with Kushal, I help you become better when it comes to managing your finances and making you rich. If you want to become smart when it comes to your finances & make the right career decisions, this podcast will help you achieve that goal!
Our purpose is to make you financially literate, by calling experts who can guide you, and help you take better informed decisions.
We bring top leaders and ideas from the world of finance to teach you to get a slight edge in your life. Subscribe NOW!
You can connect with me on:
LinkedIn: www.linkedin.com/in/kushal-lodha-90334b159/
Instagram: www.instagram.com/kushallodha548/?hl=en
Twitter: twitter.com/kushallodha548
Kushal Lodha
He raised ₹120 crore from Rakesh Jhunjhunwala and his co-investors in just 48 hours.
He has watched Lloyds Metals go from a ₹4–5 penny stock to ₹1,800, a 360x move.
He took over a firm with ₹200 crore of debt and no promoter in 1997, and made it debt-free by 2004.
He is none other than Mr. N. Jayakumar, Managing Director & Group CEO of Prime Securities.
In my recent podcast, he revealed game-changing insights on spotting sector tailwinds, structuring deals, and where Indian markets are headed:
→ Why he is bearish on solar. Margins are disappearing, there is no barrier to entry, and he believes the big players can fall 20–25% from here.
→ Why a weak rupee is the best recipe for Indian manufacturing. He explained how the rupee moving from ₹84 to ₹96 gives local producers roughly 14% price protection.
→ Why he is very bullish on generic pharma. Capacity utilisation has moved from 65% to 85% in many companies, operating leverage is kicking in, and pharma is just 5.5% of the index versus 18% for IT.
→ How VA Tech Wabag raised ₹120 crore in 48 hours at ₹160 a share, and why the stock has gone up nearly 13x since 2020.
→ Why IT companies have become "prisoners of their market cap" as AI disrupts the business and layoffs begin.
This episode is powered by Groww.
Check out the full episode with Mr. N. Jayakumar on my YouTube channel!
Link: https://youtu.be/Lk9SVaxTdt8?si=sgtlm...
#investing #stockmarket #wealthcreation #kushallodha
2 days ago | [YT] | 206
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Kushal Lodha
His PMS has generated a 30.8% CAGR since October 2020, with 14.7% alpha.
He manages about ₹22,000 crores in AUM .
He says small caps trading at 32.5x PE can still be cheaper than large caps once you adjust for growth.
He is none other than Mr. Vikas Khemani, Founder of Carnelian Asset Management.
In my recent podcast, he revealed game-changing insights on why small caps are not as expensive as they look, how to pick the right company, and how to avoid the FOMO trap:
→ Why PE alone can mislead. Small caps trade at 32.5x PE versus 21x for large caps, yet on FY28 earnings their PEG is 0.9 versus 1.9 for large caps because their profits are expected to grow faster.
→ Why small caps are the bigger hunting ground. They draw 59% of their profits from domestic non-financial businesses, versus 32% for large caps.
→ How management quality decides the outcome. In 1994, Infosys, Mastek and Kale Consultants each had a top line of around ₹300 crore. He explained why competence, intent and hunger matter more than the sector.
→ Why a good company can still be a bad investment. One company that listed in 2021 grew earnings 28% a year for 6 years, yet its stock returned about -6%, because the growth was already priced in.
→ Why he calls defence and aerospace a possible FOMO trade. A textile company that sells only 10-20% to defence spent 35 minutes of a 1-hour presentation on it.
This episode is powered by Groww.
Check out the full episode with Mr. Vikas Khemani on my YouTube channel!
Link: https://youtu.be/l5A-d-KMxuU?si=RvnVL...
#investing #stockmarket #wealthcreation #kushallodha
4 days ago | [YT] | 241
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Kushal Lodha
Hi everyone,
Something a little different today. I’m looking for a videographer.
A lot of what you see on this channel happens because someone is running around behind the camera while I’m busy asking questions. Fixing lights, checking mics, making sure the guest isn’t sitting in front of a window. That’s the person I’m looking for.
We shoot in our studio, but also at guests’ offices and sometimes their factories, so you’ll get to see some really interesting places with us.
If you’re in Mumbai (or can move quickly) and this sounds like you, apply here:
forms.gle/eydMpANTfHfwG5389
And if you know someone who’d be great, please share this with them.
6 days ago | [YT] | 70
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Kushal Lodha
He turned his investment in Laurus Labs into a 6x in just 3 years.
He started investing seriously six months before the COVID crash, and has still compounded at a 26–28% XIRR since 2019.
He is just 23, and he reads 20 years of annual reports before backing a company.
He is none other than Mr. Ameya Deosthali, Founder of ValueEquity.
In my recent podcast, he revealed game-changing insights on how to spot sectors at peak pessimism, identify companies changing their earnings trajectory, and separate a good business from a good investment:
→ How his Pessimism Rate of Change Tracker spotted Apollo Pipes at peak pain. The stock had fallen over 65% and traded at 1x sales and 1.4x book, then rose 130% in 6 months as rising raw-material costs pushed out weak players and the promoter bought in the open market.
→ Why the length of an earnings call is a quick sentiment check. Leaders in hot sectors like renewables run 2-hour calls, while chemical companies wrap up in 20–30 minutes with barely any questions.
→ Why calling yourself an "aerospace company" isn't enough. He looks for certifications like AS9100, and showed how Dynamatic Technologies went from a 2008 tie-up with Airbus to delivering A220 doors in Q1 FY27.
→ Why Infosys and TCS may only see late gains from AI, while domain-specific players like Coforge, Indegene and RateGain could win disproportionately. Coforge is already up 80% from its March close.
This episode is powered by Groww.
Check out the full episode with Mr. Ameya Deosthali on my YouTube channel!
Link: https://youtu.be/rwThX801xWI?si=VzyBv...
#investing #stockmarket #wealthcreation #kushallodha
6 days ago | [YT] | 187
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Kushal Lodha
He once invested in a company which was trading at 239 PE.
He has identified 45+ multibagger stocks in his 11 years of investing.
He generated a 100% XIRR from 2020 to 2024, effectively doubling his money every year.
He is none other than Mr. Amitabh Vatsya, a small-cap and micro-cap investor who runs the YouTube channel Sadhan.
In my recent podcast, he revealed game-changing insights on how to identify multibagger stocks early, understand businesses beyond their financial statements, and build conviction in long-term investments:
→ How he identified Shivalik Bimetal Controls before the EV boom and earned a 33x return by investing in a company with proprietary technology and a strong competitive advantage.
→ Why he is comfortable buying stocks trading at 200–300x PE. He explained how companies developing new products can have temporarily suppressed earnings, making their valuations appear expensive.
→ How he identified Yash Highvoltage at around ₹150–160, which later reached nearly ₹1,000. One of the biggest factors behind his conviction was that 96% of the company’s customers were repeat customers.
→ Why a bigger order book can actually be a red flag for small EPC companies. He explained how winning a ₹500 crore order can create working capital and execution challenges for a company
→ How talking to customers, suppliers, competitors, and even factory workers can help investors identify multibagger opportunities.
This episode is powered by Groww.
Check out the full episode with Mr. Amitabh Vatsya on my YouTube channel!
Link: https://youtu.be/itEUG_YX6oo?si=yhR3j...
#investing #stockmarket #wealthcreation #kushallodha
1 week ago | [YT] | 259
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Kushal Lodha
His portfolio has generated a 30% + CAGR over the last 4–5 years through his structured investing framework.
During the COVID-19 market crash, when the Nifty fell by nearly 30%, his portfolio declined by just 5%.
He generated a 4x return in just 1.5 years from his investment in Apollo Micro Systems, a defence company.
He is none other than Mr. Ankush Agrawal, Founder of Surge Capital.
In my recent podcast, he revealed game-changing insights on stock market investing, identifying multibagger opportunities, and building a portfolio that can compound wealth over the long term.
→ Why does he prefer B2C companies over B2B companies? He explained how 60–70% of his portfolio is focused on resilient consumer businesses.
→ How did Garware Hi-Tech Films become a 10x stock in just 5 years? By shifting from commodity products to high-margin specialty products, the company increased its value-added business mix from 33% to 71%.
→ How did TIPS Industries become a 100x stock while Saregama delivered comparatively lower returns?
→ Why could Eternal (formerly Zomato) become a $100 billion business? He explained how Blinkit, District, Hyperpure and future business opportunities could help the company sustain growth beyond food delivery.
→ He further discussed his stock selection framework, explaining why earnings growth, business model innovation, changing industry trends, and future growth opportunities matter more than simply buying stocks at cheap valuations.
This episode is powered by Groww.
Check out the full episode with Mr. Ankush Agrawal on my YouTube channel!
Link: https://youtu.be/yCelM9Ydmpc?si=2MHBE...
#investing #stockmarket #wealthcreation #kushallodha
1 week ago | [YT] | 274
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Kushal Lodha
This IPO banker quit a ₹70 lakh salary, mortgaged his home to pay for his merchant banking licence and was left with just ₹100 in his bank account when he started his firm.
In 5 years, he has listed 80 companies, raised ~₹3,000 crores for them and built a business doing over ₹100 crores in revenue and ₹50 crores in profit after tax.
When he said he would list 100 companies, everyone laughed. Now he has backed his conviction with a billboard in his office: 50 mainboard listings in one year.
He is none other than Mr. Parth Shah, Founder of Smart Horizon Capital Advisors.
In my recent podcast, he revealed game-changing insights on how IPOs are valued, the red flags he looks for in promoters, why GMP is a bad metric and what you can earn in merchant banking:
→ Why an SME IPO should come at roughly half the multiple of its sector leader. If the best company trades at 20x, a new listing should price at around 10x, leaving room for investors to make money on the first raise.
→ How one question can expose a promoter. A company with a ₹160 crore balance sheet was doing just ₹160 crores in turnover and had defaulted on ₹20 crores of bank debt. He walked away instantly. If you haven't repaid the bank, how will you repay investors?
→ The green flag he loves: a promoter who told his CFO to open Tally and showed ₹500 crores of purchase orders in 10 seconds. He believes validation matters far more than a glossy pitch.
→ Why nobody should invest in an IPO just by looking at GMP. It's a premium built on hype that disappears after listing. He believes the biggest wealth is created by picking the right company and staying with it.
This episode is powered by Groww.
Check out the full episode with Mr. Parth Shah on my YouTube channel!
Link: https://youtu.be/HS0JDEyYgf8?si=AwZCB...
#investing #stockmarket #wealthcreation #kushallodha
1 week ago | [YT] | 363
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Kushal Lodha
This world renowned equity strategist correctly called the 2008 subprime crisis, covered the collapse of Japan's economic bubble in 1990 and has been studying market bubbles for almost 40 years.
He backed his conviction and took a sizeable bet in Nvidia in 2023, making it 7% of its global portfolio earning sizeable returns.
During Covid crisis , his global sovereign bond portfolio made a short position in all "G7 government bonds" that outperformed the bonds by 60% .
He is none other than Mr. Christopher Wood, Global Head of Equity Strategy at Jefferies.
In my recent podcast, he revealed game-changing insights on the AI bubble, future of gold, the state of US Economy and why foreigners have been selling India, and where the real opportunity in Indian markets lies:
→ The four big US AI hyperscalers could spend up to $1 trillion on capex next year, funded by debt and the longer the arms race runs, the more likely it ends in a credit bust.
→ Foreigners haven't sold India because something is wrong with India. Samsung and SK Hynix are expected to earn almost 3x the profits of the entire Nifty 50 this year. Global funds had to chase that benchmark.
→ How Gold could hit 10000$ per ounce if the US Treasure yields remain capped.
→ How India remains a bottom opportunity and the value lies in the innovative mid and small cap companies . He believes that India will act as an insurance trade when the AI trade blows up.
This episode is powered by Groww.
Check out the full episode with Mr. Christopher Wood on my YouTube channel!
Link:https://youtu.be/rAvND_FhevQ?si=bphPF...
#investing #stockmarket #wealthcreation #kushallodha
2 weeks ago (edited) | [YT] | 270
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Kushal Lodha
This Fund Manager used a simple concept like PEG Ratio to make a 150x return on Page Industries.
He bought Eicher Motors at ₹40 and is still buying at ₹7100.
He has an incredible track record of zero stock blow-ups, even during black swan events like COVID -19 and 2008-09 fall .
He manages Rs.2500 Crores at Emkay Investment Managers Limited.
He is none other than Mr. Manish Sonthalia, CIO at Emkay Investment Managers Limited.
On my recent podcast, he revealed his E-Qual stock selection framework which is very resilient and is focused on keeping a low churn rate in the portfolio .
→ He explained a proprietary framework whereby he has broken down the management behaviour into a scoring system which is very helpful for minority shareholders to make decisions on management quality.
→ He explained how 2/3rds of Indian listed companies never earn even cost of capital and that he invests in companies where the ROCE exceeds the cost of capital.
→ He further discussed that he is bullish on the Indian consumer sector because of India's growing middle class.
This episode is powered by Groww.
Check out the full episode with Mr. Manish Sonthalia on my YouTube channel!
Link:https://youtu.be/lmgXpToLry0?si=5DfPi...
#investing #stockmarket #wealthcreation #kushallodha
2 weeks ago (edited) | [YT] | 353
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Kushal Lodha
He compounded his portfolio at a 22% CAGR (including dividends) over 35 years, substantially outperforming Nifty’s ~12% return over the same period.
Today, passive dividends cover 70% of his living expenses.
He bought SRF at ₹140 at a 7% dividend yield and held it as it surged to ~₹2,500, compounding at a massive 61% CAGR over 11 years.
He bought Swaraj Engines at ₹413 and collected ₹480 in dividends alone.
He is none other than Mr. Dhiraj Dave.
In my recent podcast, he revealed game-changing insights on dividend investing, cash flows, and building long-term wealth:
→ You can achieve true Financial Moksha(freedom) through dividend investing when your dividends cover 120% of your annual expenses.
→ A promoter who consistently pays and increases dividends views minority shareholders as true business partners.
→ Over 90% of business bankruptcies happen because of debt. Sticking to zero-debt companies keeps your portfolio anti-fragile.
→ Revenue is vanity and profit is sanity, but actual cash flow in hand is the ultimate truth of any business.
This episode is powered by Groww.
Check out the full episode with Mr. Dhiraj Dave on my YouTube channel!
Link:https://youtu.be/BS5kMGFflRg?si=QnBzw...
#investing #stockmarket #wealthcreation #kushallodha
3 weeks ago (edited) | [YT] | 256
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