Independent Equity Research for Serious Investors

Identifying multi-bagger opportunities through disciplined research

DalalBytes combines deep technical expertise with fundamental analysis to uncover high-growth companies early. Our track record speaks for itself.

8+
Multi-baggers
2
Markets
27
Years Experience

About DalalBytes

Founded by Prakash Damodaran, a software engineer with 27 years of experience building and scaling technology systems.

DalalBytes brings a unique perspective to equity research by combining deep technical understanding with rigorous fundamental analysis. We focus on identifying transformative companies early and holding them through their growth journey.

Our founder's background in engineering leadership at Amazon, Wayfair, Akamai, and BlackBerry provides invaluable insights into what separates truly innovative companies from the rest.

Our Approach

The Hunt

Ideas come from firsthand work: conferences, products in hand, and thirty years of engineering instinct. Borrow the idea; the verdict has to be yours.

The Engine

Every idea is graded against five pillars: a sunrise sector, leadership that does what it says, a real moat, an iron-fortress balance sheet, and visible free cash flow.

The Throttle

Conviction scales slowly as evidence arrives. Start small enough that mistakes stay small, and size up only as the story proves itself.

The Audit

The thesis gets rechecked continuously. Price moves do not change the story; broken pillars do. Harvest with a ruler, rotate with discipline.

Performance

2023
+52%
Annual Return
S&P 500 +26.3%
2024
+50%
Annual Return
S&P 500 +25.0%
2025
+46%
Annual Return
S&P 500 +17.9%
2026 YTD
+34%
Year to Date
S&P 500 +14.4%

Time-weighted returns. S&P 500 shown as total return with dividends reinvested.

Multibagger Wins So Far

Names our research identified early in their journey, and the thesis behind each.

PalantirPLTR

First 15-bagger: the AI ontology platform, accumulated through the bear market.

GoogleGOOGL

The long-term compounder: roughly 3x over six years on AI and cloud.

AMDAMD

Lisa Su's turnaround: about 4x in and out on pure hardware with ROCm inroads.

ToastTOST

Cloud restaurant platform riding small-business software adoption.

SoFiSOFI

The skeptic's conversion: a digital bank scaling under a proven operator.

Dutch BrosBROS

Drive-through coffee chain compounding through unit growth.

Hims & HersHIMS

Telehealth platform scaling direct-to-consumer subscriptions.

Rocket LabRKLB

Launch cadence above ISRO: about a 5x run on a no-hype founder.

Nebius HoldingsNBIS

Yandex-founder DNA: about 4x in a year on the neocloud buildout.

BlackBerryBB

The bet of a lifetime: QNX embedded in the software-defined vehicle.

AbCellera BiologicsABCL

AI-driven antibody discovery platform for drug development.

Past performance does not guarantee future results. All investments carry risk.

Get in Touch

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