As someone in midst of finding my own feet and changing my perspectives, its a tough task.
One thing i would look at is FCF/ Net Profit Ratio and second would be receivables on balance sheet. What is happening is hope stories are running ahead. Great to trade on 6 month and make money but let’s not fool with them being decadal plays. They will never meaningfully convert revenues to FCF.
Stocks like CDSL/ Cyient/JSW Energy/KPIT/Max Health and even ACE/ Indigo may be suitable for long term, Of course caveat being initial purchase price and long periods of consolidation.
Rest I believe you are someone with far greater operational expertise if not financial expertise than me so not really my place to judge.
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