Katalyst Wealth – Unit of Mittal Consulting

Wealth Creation with High Conviction Value Research based Stock Recommendations

Skin in the Game
We invest in most of the stocks we share reports on

Forbes and ET Recognized
Featured in Economic Times and Forbes India’s 2015 edition of Wealth Wizards

30% + XIRR
Strong Outperformance over NIFTY and SENSEX over the last 9 years

2000 +
Premium Members Served

12,000 +
Regular Readers

30% +
Internal Rate of Return (XIRR)

11 +
Years of Investing Experience

9 +
Years of Katalyst Wealth

Ekansh Mittal

Founder, Katalyst Wealth

Coming from a family of Stock investors, Ekansh started investing in stocks at a very young age and founded Katalyst Wealth in 2011.

He got featured in Forbes India’s 2015 edition of Wealth Wizards and Economic Times (ET) May 2017 edition of Dons of Dalal Street.

He is supported by an in-house Operations team. 


Stock Reports

Acrysil – 1,975%

Can Fin Homes – 1,523%

Orient Refractories – 578%

Cera Sanitaryware – 1,075%



Investment Recommendations

14-18 easy to understand reports on stocks that have the potential to grow multi-fold (multibagger) with the avg. holding period of 2-3 years.

Special Situation Opportunities (SSOs)

Reports on opportunities arising out of corporate actions like delisting, demerger, buyback, etc with avg. holding period of 3-5 months. 

Model Sheet

An excel sheet simulation of Portfolio performance on the basis of stock reports shared with members.

Past Reports

Access to all our active Investment Recommendations and Special situation opportunity reports, new or old

Regular Updates

Latest updates with actionable insights on our recommendations to know where they stand and where they’re headed next. 

Investing Lessons

Not everyone grows up learning about markets, stock investing; but, if you want to learn more, you will get plenty of lessons from us 






14- 18 Investment Reports
Model Sheet
Past Reports (including closed)
Regular Updates
Investing Lessons

Alpha +


14-18 Investment Reports
5-6 Special Situation Reports
Model Sheet
Past Reports (including closed)
Regular Updates

Investing Lessons







Blog Posts

Fineotex Chemical Ltd - Notes from Annual Report 2020, Presentation and Management Interview

Dear Sir, We read several annual reports in a year and make notes for our reference. Going forward, we will be positing such notes for the benefit of the readers of our website. We believe Annual Reports are one of the best documents to increase your understanding of the company and you can learn more about how to use them at the following LINK However, do keep in mind, such notes are mostly cut, copy and paste from the annual reports


Aarti - 5x in 2.5 years...Coverage closure update

Dear Sir, In Sep’18 we initiated coverage on Aarti, leading API manufacturer, for our Premium Members. You can read the detailed initiation report on the company at the following LINK Recently, on 5th Feb’21, we finally closed the coverage on the stock and booked complete profit in our Model Sheets as well. The company has been a great wealth creator for us and our members. We first initiated coverage on the same in Feb’14 around 27-28 odd levels (adjusted for


[New Stock Recommendation] – Major Expansion done and expecting PAT to double in 2-3 Years

Dear Sir, One of the mental models we use for identifying potential investment opportunities is “Companies that have completed major Expansion”. The idea behind the above is that most of the time earnings get depressed during the Expansion period and the stocks become available at cheaper valuations. So, while the current earnings might be depressed, with the completion of the Expansion, the earnings 2-3 years down the line could improve substantially. Thus, giving an opportunity for earnings and valuations re-rating.


[Stock Idea]: Delisting Opportunity - Expecting Promoters to buy out shares at much higher price

Dear Sir, We have been participating in the Special situation opportunities (SSOs) as these come with relatively lower risk and decent gains in a relatively shorter duration of 3-4 months. Have also benefited from this strategy with several Special Situation opportunities like Ineos Styrosolution delisting, Suven life-Suven Pharma demerger, Linde India delisting, Hexaware delisting, etc appreciating by 20-140% in a period of 2-11 months. On 11th Jan’21 we released our New Special Situation stock report and we think you may find the


[Stock Idea] - FIEM Industries - Leading LED Lamps manufacturer for 2-wheelers

Dear Sir, Hope you are doing well. We would like to share with you an interesting stock idea on: FIEM Industries (NSE: FIEMIND). While Auto-Ancillary supplies is a somewhat cyclical business, we believe good companies from the segment during their downturns can be considered for medium term investment as cyclical opportunities. For us the stock has proved to be good as we initiated the coverage on the same for our Premium Members around 360-362 odd levels on 31st Jul’19 and


[2011-2020]: Year Wise Stock Recommendations Performance

Dear Sir, Please find below Performance Snapshot of our Stock Recommendations shared with all our Premium members.  We started offering equity research services in 2011 and have completed 1 full bull-bear cycle of the markets. From 2011-13 the markets were down in the dumps, then we had a great 2014-17, then a really bad 2018-20 and now again the markets are doing well. A full cycle is long enough and encapsulates both the good and the bad and therefore we




Katalyst Wealth’s stock research has been consistently accurate over the years. Their approach is conservative but still regularly find out quality stock-picks at mouth-watering valuations. They put the client’s interests first.

Ritesh Dhoot
Subscriber, Abu Dhabi and Author of “A Safari in the Equity World”

Your service is exceptionally good, stock picks are excellent and well-researched and most importantly you guys are transparent and frank when some stock misfires. Looking forward to many years of Symbiotic relationship.

Kiran Shah
Subscriber, Coimbatore

Ekansh does wonderful research. His ideas have good growth potential with balanced risk. I have been a subscriber for last 3 years and have learnt a lot from his write-ups.

Ayush Mittal
Subscriber, Lucknow and Co-Founder ‘Screener.in’

I sincerely thank you for your genuine research on stocks such as Suven Lifesciences, Manappuram Finance and many more. They have helped me not only grow my money but also my confidence to invest in stock market.

Satish Raut
Subscriber, New Delhi

I have been your client for more than 7 years now. Your services and research are simply excellent and my capital has appreciated greatly. Thanks for the same.

Minoo Mehta
Subscriber, Mumbai

I trust your sincerity and dedication. The value you bring through your research is much more than what you charge. It’s really good I found you. I feel safe even in negative market environment.

Sankaran Ramamoorthy
Subscriber, Newcastle, Australia


Katalyst Wealth


[email protected]


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Swaroop Nagar, Kanpur – 208002


www.katalystwealth.com (herein referred to as ‘Katalyst Wealth’) is the domain owned by Mittal Consulting (Ekansh Mittal is the Sole Proprieotor). We offer Independent Equity research services to investors on subscription basis. SEBI (Research Analyst) Registration No. INH100001690

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