Hereby I present my thesis on Touchwood Entertainment. First of all let’s understand a bit about the company : Stock Exchange: NSE Industry: Event Management Market Cap: Small Cap Looking into the past shows that investors have not liked the company because of various factors such as the cash business of the company, the cyclic nature of the business, etc. But hereby I list a few points describing my opinion on how the company can grow multi folds from here even after already having 10 times market cap as compared to its IPO. The company has used its cash reserves in a very efficient way in building new businesses on its own. The losses shown in quarterly income statements are mostly of operational costs which include expenditures such as salary, depreciation etc. Despite having such a low business in COVID due to various restrictions, the company has not only retained the old staff but also recruited more people. The company has built Make Me Up which is an online mar...