Ayush Agrawal Research has a primary focus on the smallcaps, microcaps, and SME space. We aim to provide an independent perspective on SMEs and Microcap companies. We also cover non-SME companies, provide momentum swing trades and run a model portfolio service. 

Research Philosophy at Ayush Agrawal Reaserch

Through our research desk, we primarily try to analyze under-researched companies based promotor vision which are at a nascent stage, young in market capitalization, and not too expensive in valuations. 

We focus more on the qualitative rather than the quantitative aspect of research. However, we also see:

Earnings Momentum

Keeping a close eye on financial performance is key. We celebrate exceptional results and swiftly adapt to unexpected shifts, ensuring we're on the pulse of companies making strides.

Recent Updates

Staying updated is crucial. We track victories like securing large contracts, strategic moves in mergers and acquisitions, new product launches, joint ventures, buybacks, market entries, and government initiatives. Additionally, we share insightful updates through our newsletter - The Micro Cap Minute

Sector Rotation

Understanding market cycles is our forte. We pick the right sectors at the right time, leveraging our unique system for strategic investments that align with sector trends, offering safety margins and outperformance.

Technical Strength

Decisions guided by technical indicators set us apart. From identifying potential with SMA150 crossovers to prioritizing high relative strength, recognizing opportunities with RSI, leveraging strength with ADX, and spotting potential in base breakouts—we're thorough.

Demand & Supply

Navigating market entry is an art. We pinpoint smart investor opportunities, react to promoter buying signals, stay tuned to FII/DII trends, and strategically handle preferential allotments, ensuring a strategic and informed market presence.


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KPIT Technologies

Initiated at Rs. 1275/-

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Prism Johnson

Initiated at Rs. 136/-


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Meson Valve

Initiated At Rs. 280/-

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Eco Recycling

Initiated At Rs. 240/-



What is the scope of my research desk ?

My Research Desk’s primary focus is on the smallcaps, microcaps, and SMEs space. I aim to provide an independent perspective on SMEs and Microcap companies. This does not mean I shall not cover midcap and largecap companies.

Through my research desk, I will primarily try to do analysis based on companies with a promotor vision, under-researched, at a nascent stage, young in market capitalisation, and very affordable in valuations. I will also look for arbitrage opportunities based on specific patterns and special situations I have observed.

My research would focus more on the qualitative rather than the quantitative aspect.

Tell me more about the Pro Plan. What does it include, and what's its scope?

The Pro Plan is our flagship plan at Ayush Agrawal Research. In that plan, subscribers get access to a host of offerings. They include
1. SME Investment Ideas
2. Mainboard Investment Ideas
3. Momentum Trading Ideas
4. A Model Portfolio
5. Monthly virtual catchups
6. Knowledge Sessions

How is service delivered?

The service is delivered on a Pay-to-Subscribe basis through a Telegram Channel and this website.

Why do I offer multiple plans ?

I want to give my subscribers the freedom of choosing which type of service offering is best for them.

Which Plan is Best For Me?
  • We do not recommend anyone who has a capital of less than Rs. 5 lacs to go for the Model Portfolio Plan
  • We do not recommend anyone who has a capital of less than Rs. 5 lacs to go for the Fundamental Research Plan
  • We do not recommend anyone who has a capital of less than 20-25 lacs to go for the Pro Plan
  • We do not recommend anyone who has a capital of less than Rs. 1.5/ 2 Crores to go for the Alpha Research Plan
Who are my services not suitable for?

My services are not suitable for you:

  1. If you looking to get rich overnight in Equities Markets.
  2. If you are not willing to commit time and effort to research and make informed investment decisions.
  3. If you have a very short-term investment horizon and are not willing to hold investments for medium to long term.
  4. If you cannot tolerate the inherent volatility and potential losses associated with investing in equities.
  5. If you are not prepared to diversify your investment portfolio to mitigate risk. (As part of my recommendation service, I shall also be giving out recommendations on which ETFs are to be purchased to diversify your portfolio.)
  6. If you are uncomfortable with the idea of actively managing your investments and prefer a passive or hands-off approach.
Do I offer Research to corporate clients?

This comes under the purview of the Alpha Plan wherein we offer an SME Focused Portfolio.

What are the Subscription Charges and How To Subscribe?

For the same, please click here

Is there a conflict of interest?

I do not trade in any of the companies I write on thirty days prior to release of a research note or recommendation. I also do not take any positions in the companies mentioned in the research notes or recommendation during the subsequent five trading days after I have written on them. My own buying/selling is done as per SEBI regulations with most of my corpus in Mutual Funds. Proper disclosures are provided as and when required. I have no conflict of interest.

Do I offer a Free Trial?


Do I offer a Refunds?

No. For the same, please read the Cancellation Policy before subscribing.

I am unable to login to website

This is happening due to one of two reasons. Your membership has ended or you are not yet added in the members database for the website. Post paying for subscription, you will need to wait for upto 12 hours before you are added to website’s database (maytimes sooner than this).

If you have any queries or trouble logging in, you can always get in touch on themicrocapinvestor@gmail.com and I will be happy to assist you.

Standard Disclosure

1. About Research Analyst:

Ayush Agrawal (hereinafter referred to as the Research Analyst) is registered with SEBI as a Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide Registration number INH000013013 on September 14, 2023, having its office at First Floor, B.P. Complex, Jeevan Colony, Baldeo bag, Jabalpur, Dist- Jabalpur.

 Pursuant to which he provides research analysis services to his clients.

2. About the Individual:

Ayush Agrawal holds a degree in Post Graduate Programme in Family Managed Business and Finance Modelling & Valuation Analyst (FMVA). He has been actively involved in the security market, gaining valuable experience and knowledge in investment strategies and analysis. He has a strong analytical skill to identify investment ideas.

3. Details of Business activities:

The Research Analyst shall provide research services on low P/E companies which have promotor vision, are under researched, at a nascent stage, young in market capitalisation, and are very affordable in valuations. Apart from this, recommendations will be provided on potential arbitrage opportunities. The Research Analyst shall also be giving out recommendations on which ETFs are to be purchased to diversify portfolio to mitigate risk.

The Research Analyst will keep strict stop loss levels for all the recommendations that are given. Whenever a scenario occurs where the arbitrage does not play out and stop loss levels are breached, EXIT calls will be given.

4. Disciplinary History:

There are no outstanding litigations or no disciplinary history in my name.

5. Terms and Conditions on which Research Report is being issued:

The Research Analyst has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on our current research as of the date appearing in the material and may be subject to change from time to time without notice.

The Research Analyst does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgment and take their own professional advice before acting on this information.

The Research Analyst shall not be in any way responsible for any loss or damage that may arise to any person/s from any inadvertent error in the information contained, views and opinions expressed in this publication.

6. The Research Analyst, including relatives-

· do not hold any financial interest in the Company.

· do not have any actual/beneficial ownership of more than 1% in the company.

· do not have any other material conflict of interest.

7. The Research Analyst or its associates are not affiliated with any other intermediaries or have received any brokerage or commission from any third party.

8. The Research Analyst or its associates have not received any compensation from the Company covered by Research Analyst during the past twelve months.

9. The Research Analyst or its associates have not managed or co-managed public offering of securities of the Company during the past twelve months.

10 The Research Analyst has not served as an officer, director or employee of the Company and has not been engaged in the market making activity of the Company.

11. The Research Analyst have ensured that the facts mentioned in the research report are taken from the reliable source and information. However, the investors are advised to independently evaluate the market conditions/ risks involved before making the investment decision. 

Investor Charter of a Research Analyst

Please Click Here to refer to same.

Question is not listed in the FAQs?

Please drop a mail to themicrocapinvestor@gmail.com with FAQ as Subject Line asking your query. I will get back within 24-48 hours.

Data for the Month Ending June 2024
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