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Ashish Kacholia’s Portfolio in 2026: Portfolio Stocks, Bulk and Block Deals, and Net Worth

Famed as the ‘big-whale’ among retail investors, Ashish Kacholia is known for his calculated investments in small and mid-size companies and astounding long-term gains. Ashish Kacholia’s portfolio boasts 49 stocks across hospitality, education, infra, and manufacturing sectors.

In this article, we will explore his latest portfolio, investment strategy, and how much his net worth in 2026.

Latest Ashish Kacholia Stock Portfolio & Holdings (2026)

Ashish Kacholia Stock Portfolio Screener (2026)

With this stock screener, you can find Ashish Kacholia latest stock portfolio and holdings in 2026.

Showing 1 - 20 of 36 results

last updated at 9:45 PM IST 
NameStocks (36)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Jain Resource Recycling LtdJAINRECMetals - DiversifiedMetals - Diversified14,785.2014,785.20428.45428.4565.9165.91-0.02-0.0210.1310.1334.7134.7134.7134.7120.4020.4039.7439.7452.9552.95--1.281.283.243.24
2.Shaily Engineering Plastics LtdSHAILYIndustrial MachineryIndustrial Machinery8,909.778,909.771,938.801,938.8095.6995.691.431.43-7.19-7.19-15.32-15.327.157.1516.2716.2718.5018.5022.2822.280.100.100.340.343.763.76
3.Safari Industries (India) LtdSAFARIApparel & AccessoriesApparel & Accessories7,810.127,810.121,594.101,594.1054.6954.69-2.80-2.80-13.09-13.09-29.09-29.09-20.19-20.198.198.1916.0716.0718.6918.690.190.190.130.132.332.33
4.Balu Forge Industries LtdBALUFORGEConstruction & EngineeringConstruction & Engineering5,332.985,332.98453.40453.4026.1626.16-2.88-2.88-9.50-9.50-33.76-33.761.671.675.065.0625.3825.3824.7524.750.030.030.040.044.314.31
5.Niit Learning Systems LtdNIITMTSEducation ServicesEducation Services4,091.754,091.75297.70297.7017.9917.99-2.90-2.90-17.33-17.33-10.40-10.40-29.54-29.543.383.3820.8020.8023.6323.631.001.000.080.082.582.58
6.Knowledge Marine & Engineering Works LtdKMEWShipbuildingShipbuilding3,728.463,728.461,525.301,525.3075.1775.17-2.75-2.75-12.10-12.1031.7431.74101.28101.2816.9616.9625.4325.4324.3224.32--0.610.614.154.15
7.Tanfac Industries LtdTANFACINDDiversified ChemicalsDiversified Chemicals3,399.383,399.381,703.951,703.9538.5638.56-6.92-6.92-20.30-20.30-24.29-24.2910.4210.4210.9010.9032.5132.5138.7638.760.260.260.130.133.453.45
8.Aeroflex Industries LtdAEROFLEXIron & SteelIron & Steel3,099.053,099.05234.19234.1959.0359.03-1.24-1.2422.6122.6130.7730.7743.9343.939.059.0516.5216.5220.5920.590.130.130.000.003.273.27
9.Man Industries (India) LtdMANINDSBuilding Products - PipesBuilding Products - Pipes2,968.132,968.13395.70395.7019.3819.38-3.72-3.72-7.22-7.22-4.85-4.8556.7656.761.851.8510.1710.1717.1717.17--0.300.304.114.11
10.Zaggle Prepaid Ocean Services LtdZAGGLESoftware ServicesSoftware Services2,911.562,911.56216.54216.5433.1133.11-3.59-3.59-25.89-25.89-39.09-39.09-32.94-32.942.332.339.649.649.999.99--0.020.023.513.51
11.Carysil LtdCARYSILHome FurnishingHome Furnishing2,233.032,233.03785.10785.1035.0335.03-3.70-3.70-17.97-17.97-16.01-16.0126.6626.664.204.2014.3314.3317.9117.910.310.310.520.523.703.70
12.SG Finserve LtdSGFINSpecialized FinanceSpecialized Finance2,142.462,142.46378.40378.4026.4526.45-2.84-2.84-7.79-7.791.121.12-4.96-4.962.112.118.908.904.594.59--1.361.362.612.61
13.Xpro India LtdXPROINDIAPlastic ProductsPlastic Products1,908.141,908.14813.00813.0050.2350.23-5.29-5.29-13.51-13.51-33.90-33.90-25.11-25.113.133.136.496.496.746.740.230.230.440.442.982.98
14.Stove Kraft LtdSTOVEKRAFTHome Electronics & AppliancesHome Electronics & Appliances1,675.061,675.06505.95505.9543.5143.51-0.40-0.40-4.11-4.11-24.60-24.60-31.72-31.723.563.568.468.4612.6012.600.590.590.740.743.213.21
15.Yasho Industries LtdYASHOSpecialty ChemicalsSpecialty Chemicals1,572.491,572.491,304.201,304.20257.36257.36-5.04-5.04-5.98-5.98-25.56-25.56-25.58-25.583.753.751.711.718.848.840.040.041.391.393.163.16
16.Vikran Engineering LtdVIKRANPower Transmission & DistributionPower Transmission & Distribution1,552.881,552.8860.2160.2119.9519.95-3.28-3.28-30.25-30.25-42.50-42.50-37.09-37.093.323.3220.5020.5032.8032.80--0.590.593.563.56
17.Advait Energy Transitions LtdADVAITElectronic EquipmentsElectronic Equipments1,486.281,486.281,508.201,508.2048.0148.01-4.58-4.58-13.37-13.37-20.89-20.8935.8135.817.147.1421.8921.8921.5321.530.130.130.350.354.184.18
18.Quadrant Future Tek LtdQUADFUTURECommunication & NetworkingCommunication & Networking1,187.201,187.20296.80296.80-60.33-60.33-7.31-7.312.702.70-32.61-32.61-39.26-39.263.993.99-11.43-11.43-5.53-5.53--0.290.294.054.05
19.Beta Drugs LtdBETAPharmaceuticalsPharmaceuticals1,131.781,131.781,116.501,116.5026.6826.680.660.66-16.99-16.99-38.57-38.57-31.30-31.305.745.7423.9523.9519.1819.18--0.700.702.822.82
20.Faze Three LtdFAZE3QTextilesTextiles1,093.041,093.04450.35450.3526.8826.880.000.00-18.70-18.70-12.86-12.8624.5824.582.602.6010.1610.1617.5817.58--0.460.465.285.28

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: The table contains publicly disclosed Ashish Kacholia investment portfolio as on 30th January 2026. Stocks are sorted by market capitalisation, highest to lowest.

Ashish Kacholia’s Bulk and Block Deals in 2026

Bulk and block deals provide transparency and explain why stock volumes have increased or decreased. The disclosure of bulk and block sales can help evaluate which sectors are gaining traction and losing interest to buyers. It also directs individual investors’ future investment decisions. Here's how you can find the latest bulk and block deals by Ashish Kacholia -

  1. Launch Market Movers
  2. Under 'Party', type 'Ashish Kacholia'
  3. Select the 'Category' and 'Transaction Type'

You'll see the latest bulk and block deals by Ashish Kacholia. Moreover, you can also set the date range and view the previous bulk and block deals.

Investor profile – Ashish Kacholia

Ashish began his career in proprietary trading with Prime Securities Ltd in 1993. He rose through the ranks of their brokerage firm to become Head of Research and later went to Edelweiss Capital Ltd, where he was in charge of private equity business growth and deal orientation.


  1. Name - Ashish Kacholia
  2. Age - 50s
  3. Spouse - Sushmita Ashish Kacholia
  4. Total net worth (Rs.) - ₹2,370.45 cr.
  5. No. of portfolio companies - 49
  6. Major holding (%) - Beta Drugs Ltd (12.5%)

Ashish graduated from the Jamnalal Bajaj Institute of Management Studies with a Bachelor’s degree in Production Engineering and a Master’s degree in Management Studies.

His entrepreneur stint began when he co-founded Hungama and was a board member. He also works as the Director of Research for Lucky Securities Pvt Ltd, but that’s not all; his investment skills are put to use as an independent Portfolio Manager for wealthy clients.

However, with a net worth of Rs. ₹2,370.45 cr., Ashish Kacholia’s stock portfolio consists of 49 stocks. It is not an overstatement to say that he is sure shot one of India’s most prominent investors in the equity market. Here's the top investments made by Ashish Kacholia –



Top Stocks in Ashish Kacholia Portfolio (2026)

AdCounty Media India Ltd

AdCounty Media operates in the outdoor advertising sector, providing transit media solutions including bus shelters, metro advertising, and digital billboards across Indian cities. The company focuses on urban transit infrastructure-based advertising services.

Agarwal Industrial Corporation Ltd

Agarwal Industrial Corporation manufactures industrial explosives and detonators for mining, infrastructure, and construction sectors. The company supplies blasting solutions to coal mines, quarries, and infrastructure development projects across India.

Tanfac Industries Ltd

Tanfac Industries is a chemical manufacturer producing ammonium bifluoride, refrigerant gases, and other fluorine-based specialty chemicals. The company serves pharmaceutical, agrochemical, and industrial sectors with fluorine derivatives and intermediates.

Thomas Scott (India) Ltd

Thomas Scott manufactures printed cartons and packaging materials for FMCG, pharmaceutical, and consumer goods companies. The company operates in the flexible packaging segment, producing folding cartons and offset-printed packaging solutions.

Carysil Ltd

Carsyil manufactures quartz kitchen sinks and stone surfaces under brands like Carsyil and Swanstone. The company exports engineered quartz products to international markets and supplies composite sinks to modular kitchen manufacturers domestically.

Ashish Kacholia Portfolio Composition

Here are the 49 active stocks publicly held by Ashish Kacholia as of January 2026:

Stock Name Holding Value (In cr.) Shares Held Dec 2025 Change (%) Dec 2025 Holding (%) Sep 2025 Holding (%)
TechEra Engineering (India) Ltd 18.2 798,400 New 4.8 -
AdCounty Media India Ltd 8.6 656,000 New 2.9 -
Gujarat Apollo Industries Ltd 11.7 297,056 1.2 2.3 1.1
Knowledge Marine & Engineering Works Ltd 125.4 705,264 0.1 2.9 2.8
Walchandnagar Industries Ltd 26.3 1,400,385 -0.5 2.1 2.6
VST Industries Ltd 36.7 609,000 -0.5 3.5 4
Agarwal Industrial Corporation Ltd 47.3 647,977 0 4.3 4.3
MAN Industries (India) Ltd 74.1 2,277,029 0 3 3
Tanfac Industries Ltd 67.6 164,584 0 1.7 1.7
Thomas Scott (India) Ltd 9.8 307,539 0 2.1 2.1
Xpro India Ltd 86.6 918,550 0 3.9 3.9
Shaily Engineering Plastics Ltd 458.1 2,393,680 0 5.2 5.2
Safa Systems & Technologies Ltd 182.9 900,000 0 1.8 1.8
Acrylic Products Ltd 79.4 1,000,000 0 3.5 3.5
Faze Three Ltd 49.1 1,317,554 0 5.4 5.4
Amazon (India) Ltd 78.8 1,865,933 0 1.6 1.6
Sanjivani Paranteral Ltd 6.6 370,000 0 3 3
Dhabriya Polywood Ltd 19.8 626,347 0 5.8 5.8
Moonlight Industries Ltd 21.3 638,366 0 1.1 1.1
Beta Drugs Ltd 185.2 1,263,826 0 12.5 12.5
Bharat Wire Ropes Ltd 12.0 129,018 0 1.9 1.9
Brantley Bridges Ltd 5.1 179,838 0 1.4 1.5
Yash Traders & Finance Ltd 56.1 459,140 0 3.8 3.9
Adva India Ltd 33.9 225,000 0 2.1 2.1
Stove Kraft Ltd 28.4 576,916 0 1.7 1.7
Aeroflex Industries Ltd 46.3 2,598,080 0 2 2
Zaggle Prepaid Ocean Services Ltd 85.1 3,003,356 0 2.2 2.2
Shree Vasu Logistics Ltd 4.2 559,700 0 3.6 3.6
Radio City Ltd 2.9 548,405 0 7.8 7.8
Z-Tech (India) Ltd 27.9 500,000 0 3.5 3.5
Quadrant Future Tek Ltd 23.3 764,584 0 1.9 1.9
Vikram Thermo (India) Ltd 34.8 3,930,060 0 1.5 1.5
Jain Irrigation Systems Ltd 159.9 3,890,762 0 1.1 1.1
Texel Industries Ltd 7.9 1,045,750 Filing Awaited - 7.9
Inflame Appliances Ltd 9.2 308,000 Filing Awaited - 4.1
Du Digital Global Ltd 17.8 6,130,000 Filing Awaited - 8.5
Bew Engineering Ltd 12.0 1,218,448 Filing Awaited - 9.3
Concise Finance Ltd 18.2 76,433 Filing Awaited - 1.2
Infinite Computers Ltd 15.7 720,000 Filing Awaited - 4.6
Cosmo First Ltd 95.0 844,200 Filing Awaited - 9.2
Quality Manufacturing Ltd 16.4 506,400 Filing Awaited - 5.1
Megastar Ltd 6.4 316,800 Filing Awaited - 1.7
Namaste India Ltd 6.6 1,079,135 Filing Awaited - 8.3
TBI Corp Ltd 5.6 766,666 Filing Awaited - 4.2
Aelec Ltd 9.9 773,400 Filing Awaited - 3.8
C2C Advanced Systems Ltd 25.1 648,752 Filing Awaited - 3.9
V-MAERA Ltd 38.5 661,000 - - 2.7
Pratibha Ltd 3.0 226,245 - - 1.2
Shree Ram Proteins Ltd 21.0 1,219,513 - - 3.4

How to invest in Ashish Kacholia portfolio stocks?

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What is the Net Worth of Ashish Kacholia?

According to the latest corporate shareholding data filed with stock exchanges, Ashish Kacholia’s publicly disclosed latest portfolio comprises of 49 stocks and has a net worth of approximately ₹2,370.45 cr.


Ashish Kacholia’s Investments in Unlisted Shares

Ashish Kacholia has consistently focused on small-to-mid-sized and unlisted companies as a core wealth-building strategy. Two notable unlisted bets stand out:

RDC Concrete:
Ashish Kacholia invested in RDC Concrete, an unlisted ready-mix concrete maker operating in 48 cities with 100+ plants. He participated in a funding round where the company raised ~$20 mn at a valuation of ~$225 mn, backing India’s infrastructure-led growth.

Orbis Financial:
Ashish Kacholia invested in Orbis Financial, an unlisted SEBI-registered capital-market services firm offering DP, clearing, and trusteeship services via NSDL and CDSL. The investment amount is undisclosed, reflecting a long-term bet on regulated, fee-based market infrastructure.

Ashish Kacholia's Investment Strategy

Focus on Small and Mid-Cap Stocks

Ashish Kacholia invests primarily in small-cap and mid-cap companies in the Indian stock market. He looks for companies with market capitalisations that can deliver growth beyond what large-cap stocks typically offer.

Long-Term Holding Perspective

Kacholia holds his investments for extended periods. This gives the companies enough time to execute their plans and reach their growth targets. He believes in patient wealth creation.

Quality Management Assessment

He picks companies that have competent and ethical management teams. Kacholia evaluates the promoter's quality, how well the company follows governance standards, and whether the management can execute their vision.

Scalability and Growth Potential

The companies in his portfolio operate in sectors where they can expand significantly. Kacholia identifies businesses that can scale their operations and grow their earnings substantially over time.

Contrarian Approach at Times

Kacholia sometimes invests in sectors or companies that other investors are avoiding. He does this when he finds the business fundamentals remain strong despite the negative sentiment.

Concentration in High-Conviction Ideas

Instead of spreading his money across many stocks, Kacholia takes concentrated positions in select companies. He makes these big bets after doing thorough analysis and when he has high conviction.

Learnings from the Ashish Kacholia Portfolio in 2026

Sectoral Composition Patterns

His portfolio covers multiple sectors—pharmaceuticals, speciality chemicals, financial services, consumer discretionary, and manufacturing. Kacholia doesn't follow fixed allocation rules. He allocates based on where he finds opportunities.

Position Sizing Approach

Kacholia's stock positions vary in size. Some are smaller exploratory stakes while others are substantial holdings. The position size reflects how confident he is about each investment and what stage the investment thesis is in.

Entry and Exit Patterns

He accumulates stocks when they trade at reasonable valuations. He exits when the business gets significantly rerated or when his original investment thesis changes.

Market Capitalisation Distribution

While people know Kacholia for his small and mid-cap focus, some of his earlier small-cap picks have now grown into mid-cap and large-cap positions. This shows how successful his value creation has been.

Holding Period Analysis

Many of his positions stay in the portfolio for multiple years. Some investments span five to ten years or even longer. This shows he's committed to letting long-term value creation happen.

Portfolio Churn Rate

His portfolio has relatively low turnover compared to active traders. Kacholia selectively adds new positions and keeps existing holdings unless something fundamental changes.

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Factors Affecting Stock Selection in the Ashish Kacholia Portfolio

Business Model Clarity

Kacholia invests in companies with clear and understandable business models. He picks businesses where the revenue generation, competitive positioning, and operations are straightforward to understand.

Earnings Growth Trajectory

He looks at both historical and projected earnings growth. The companies he selects usually have track records of delivering above-average profit growth or show potential to do so.

Return on Capital Employed

Kacholia checks how efficiently companies use their capital to generate profits. He likes businesses that show superior ROCE or have the potential to improve their capital efficiency.

Industry Dynamics and Structure

He considers the competitive landscape, entry barriers, pricing power, and overall industry structure. Kacholia prefers companies operating in favourable industry conditions without intense competition.

Conclusion

Ashish Kacholia is a seasoned investor with a track record of picking multibagger stocks. His image as the WizKid of financial markets draws the eye due to his ability to look into the future and take calculated risks. When a new trend emerges, he is the first to capitalise on it. You can also pick this trait by using Tickertape’s Stock Screener to keep up with the latest market trends and screen top stocks to add to your investment portfolio!

Frequently Asked Questions About the Ashish Kacholia Portfolio

  1. Who is Ashish Kacholia?

    Ashish Kacholia is a Mumbai-based investor known as the "Big Whale" of Dalal Street. He specialises in identifying small and mid-cap stocks with multibagger potential and has built a portfolio valued at over ₹2,370.45 cr.

  2. What is the net worth of Ashish Kacholia in 2026?

    As of 30th January, 2026, Ashish Kacholia net worth is ₹2,370.45 cr.

  3. Which is the biggest stock holding in Ashish Kacholia’s portfolio in 2026?

    As per the latest financial reports, Shaily Engineering Plastics Ltd is the biggest stock holding in Ashish Kacholia’s portfolio in 2026.

  4. What is Ashish Kacholia's educational background?

    Kacholia holds a Bachelor's degree in Production Engineering from Mumbai University and an MBA from Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai.

  5. How did Ashish Kacholia start his career?

    He began his career in 1993 at Prime Securities in equity research, later worked at Edelweiss Capital, and eventually founded Lucky Securities in 1995.

  6. What is Lucky Securities?

    Lucky Securities is a stock broking firm founded by Ashish Kacholia in 1995, co-founded with investors including Hiren Ved, Lashit Sanghvi, Rakesh Jhunjhunwala, and Neeraj Roy. It's the platform through which Kacholia makes his investments.

  7. What is the most profitable investment by Ashish Kacholia?

    Ashish Kacholia earned above 2,000% return on investment in Bodal Chemicals Ltd from 2013 to 2018.

  8. When did Ashish Kacholia start investing?

    In 1993, Ashish Kacholia commenced his career at Prime Securities, initially working in the proprietary trading sector. Over time, he progressed within the company, eventually assuming the role of Head of Research as part of their broking business.

  9. Which is the latest investment made by Ashish Kacholia?

    As per the latest shareholding disclosures for Q3 FY26, Ashish Kacholia’s most recent investments include TechEra Engineering (India) Ltd and Adcounty Media India Ltd, both were fresh portfolio additions during the December quarter.