Last Updated on Jul 25, 2023 by Harshit Singh

In the Indian stock market, there are many seasoned investors. One of them is Mukul Agrawal. With a net worth of Rs. 3,824.4 cr., he is one of the prominent investors in the stock market. His portfolio boasts holdings in over 56 firms and has seen an upward trend in net worth in recent years. What’s the success mantra of Mukul Agrawal’s portfolio? In this article, we will be exploring his portfolio, profile, and investment approach.

Investor Profile – Mukul Agrawal

Mukul Agrawal entered the market in the late 1990s. He is currently associated with three companies and serves as a director with Param Capital Research Pvt. Ltd, Permanent Technologies Pvt. Ltd, and Mahavir Prasad Nevatia Education Institution.

Investor nameMukul Agrawal
Spouse nameMadhulika Agarwal
Total net worthRs. 3,824.4 cr.
No. of portfolio companies56
Major holding (%)Dhabriya Polywood Ltd. (10.50%)

He is also a member of the Multi Commodity Exchange of India Ltd (MCX), National Stock Exchange of India Ltd (NSE), and the Derivatives Segment at Bombay Stock Exchange (BSE). He keeps two separate portfolios for investment and trading.

Mukul Agrawal’s portfolio

Over the years, Dalal Street veteran Mukul Agrawal has constructed a solid portfolio reflective of his net worth. At the end of the June quarter of FY 2023, he held 49 primary stocks, while filling is due for 7 stocks.

Stock NameValue (Rs. in cr).No. of shares heldJune 2023 holding (%)
Dhabriya Polywood Ltd26.5211,33,48810.50%
TAAL Enterprises Ltd53.472,77,9318.90%
Gati Ltd101.1270,00,0005.40%
InfoBeans Technologies Ltd61.7512,50,0005.20%
Arman Financial Services Ltd85.254,00,0004.70%
MPS Ltd89.857,62,4574.50%
Capacite Infraprojects Ltd78.829,38,0004.30%
Pearl Global Industries Ltd46.57,50,0003.50%
KDDL Ltd63.144,23,1803.40%
Bhagiradha Chemicals and Industries Ltd48.883,57,8373.40%
Neuland Laboratories Ltd140.594,22,2003.30%
Sirca Paints India Ltd58.5416,26,2003.00%
Ethos Ltd100.956,70,0002.90%
PDS Ltd126.7335,80,0002.70%
J Kumar Infraprojects Ltd67.7920,00,0002.60%
Kanoria Chemicals and Industries Ltd14.4111,12,6572.60%
Pix Transmissions Ltd44.763,58,0002.60%
Kingfa Science and Technology (India) Ltd57.653,00,0002.50%
Sahyadri Industries Ltd10.92,56,7252.40%
SG Finserve Ltd58.210,00,0002.40%
Shankara Building Products Ltd40.935,50,0002.40%
Sula Vineyards Ltd96.720,00,0002.40%
Tracxn Technologies Ltd16.6220,00,0002.00%
De Nora India Ltd21.561,00,0271.90%
Jagsonpal Pharmaceuticals Ltd17.214,63,0231.80%
Surya Roshni Ltd7910,00,0001.80%
Intellect Design Arena Ltd159.7325,00,0001.80%
Vidhi Specialty Food Ingredients Ltd35.19,00,0001.80%
Ion Exchange (India) Ltd138.1725,74,7101.80%
Raymond Ltd195.911,00,0001.70%
Dish TV India Ltd56.553,00,00,0001.60%
JTEKT India Ltd61.8240,00,0001.60%
Raghav Productivity Enhancers Ltd18.951,78,0741.60%
Indian Metals and Ferro Alloys Ltd27.257,78,9001.40%
Somany Home Innovation Ltd59.7410,00,0001.40%
Allcargo Logistics Ltd99.3333,00,0001.30%
Goldiam International Ltd17.7914,00,0001.30%
ISMT Ltd33.9140,01,3461.30%
Zen Technologies Ltd69.6811,26,7651.30%
Ceat Ltd120.985,00,0001.20%
LT Foods Ltd67.3640,00,0001.20%
Delta Corp Ltd62.3533,00,0001.20%
Indo Count Industries Ltd47.9623,25,0001.20%
Sarda Energy & Minerals Ltd73.684,17,6001.20%
Vardhman Special Steels Ltd18.8110,00,0001.20%
Tasty Bite Eatables Ltd40.7530,1301.20%
Radico Khaitan Ltd196.8214,00,0831.10%
Thomas Cook (India) Ltd42.3850,00,0601.10%
Newgen Software Technologies Ltd64.288,00,0001.10%
Karur Vysya Bank Ltd85,00,000Filling awaited
Dishman Carbogen Amcis Ltd104.7267,00,000Filling awaited
Zota Health care Ltd54.9113,16,989Filling awaited
Thejo Engineering Ltd29.251,80,000Filling awaited
MITCON Consultancy & Engineering Services Ltd4.525,89,860Filling awaited
Suryoday Small Finance Bank Ltd35.3320,00,000Filling awaited
P. E. Analytics Ltd3.942,62,800Filling awaited

Mukul Agrawal’s portfolio analysis

Mukul Agrawal’s investment strategy is considered aggressive as he usually invests after proper analysis and taking a risk with penny stocks that can become multi-bagger. In recent times, there have been significant developments in Mukul Agrawal’s portfolio. Have a look:

In June 2023, Mukul Agrawal’s investor portfolio saw the entire holdings in Apollo Pipes Ltd., CL Educate Ltd., EKI Energy Services Ltd., and Paras Defence and Space Technologies Ltd. in a significant sell-off.

Stock NameValue (Rs. in cr.)No. of shares heldMarch 2023 Holding (%)June 2023 Holding (%)Change (%)
Bhagiradha Chemicals & Industries Ltd48.88357,8373.80%3.40%-0.40%
Ethos Ltd100.95670,0003.40%2.90%-0.60%
SG Finserve Ltd58.21,000,0002.40%2.40%-0.10%
Surya Roshni Ltd791,000,0002.00%1.80%-0.20%
Ion Exchange (India) Ltd138.172,574,7101.90%1.80%-0.20%
Raymond Ltd195.91,100,0001.80%1.70%-0.20%
Goldiam International Ltd17.791,400,0002.30%1.30%-1.00%
Newgen Software Technologies Ltd64.28800,0001.40%1.10%-0.30%
Apollo Pipes Ltd03.80%0-3.80%
CL Educate Ltd01.10%0-1.10%
EKI Energy Services Ltd01.10%0-1.10%
Paras Defence and Space Technologies Ltd01.10%0-1.10%

In addition, Mukul Agrawal sold off a substantial chunk of shareholdings in Goldiam International Ltd., Newgen Software Technologies Ltd., Ethos Ltd., and Bhagiradha Chemicals & Industries Ltd.

In the June 2023 quarter, a significant buying trend was also seen. He bought stakes in Zen Technologies Ltd. while filling is due for Dishman Carbogen Amcis Ltd., Zota Healthcare Ltd., Thejo Engineering Ltd., MITCON Consultancy & Engineering Services Ltd., Suryoday Small Finance Bank Ltd., and P E Analytics Ltd.

Stock nameValue (Rs. in cr.)No. of shares heldMarch 2023 Holding (%)June 2023 Holding (%)Change (%)
Capacite Infraprojects Ltd78.82,938,0001.90%4.30%2.40%
Neuland Laboratories Ltd140.59422,2003.10%3.30%0.20%
Kanoria Chemicals & Industries Ltd14.411,112,6571.30%2.60%1.20%
Sahyadri Industries Ltd10.9256,7252.20%2.40%0.20%
De Nora India Ltd21.56100,0271.40%1.90%0.50%
Delta Corp Ltd62.353,300,0001.10%1.20%0.10%
Zen Technologies Ltd69.681,126,7651.30%NEW
Karur Vysya Bank Ltd8,500,0001.10%Filing Awaited
Dishman Carbogen Amcis Ltd104.726,700,0004.30%Filing Awaited
Zota Healthcare Ltd54.911,316,9895.24%Filing Awaited
Thejo Engineering Ltd29.25180,0001.70%Filing Awaited
MITCON Consultancy & Engineering Services Ltd4.52589,8604.40%Filing Awaited
Suryoday Small Finance Bank Ltd35.332,000,0001.90%Filing Awaited
P E Analytics Ltd3.94262,8002.50%Filing Awaited

He has increased his stake in a few companies in the June quarter, such as Capacit’e Infraprojects Ltd., Kanoria Chemicals & Industries Ltd., De Nora India Ltd., etc.

Mukul Agrawal’s net worth 

As of June 2023, Mukul Agrawal’s net worth was valued at Rs. 3,824.4 cr. spreading across 56 companies in the Indian stock market. For the last 5 yrs, the net worth trend seems to be growing, and it looks like this:

Bulk and block deals in Mukul Agrawal’s portfolio

To analyse bulk and block deals, use Tickertape’s Stock Deals tool. Since there were no bulk or block deals by Mukul Agrawal in the last FY, it is always preferred to use Tickertape’s Stock Deals tool to analyse the insider trades of big investors. Not only it helps you gauge their outlook on the company, but it also helps you analyse their portfolio.


Mukul Agrawal is a seasoned investor in the Indian stock market. He has an aggressive investment approach, constantly looking to invest in penny stocks with the potential to turn multi-bagger. Analysing the portfolio of investors like Mukul Agrawal helps you navigate your ship to the greener lands. You can use Blog by Tickertape to expand your knowledge horizon about investing. Moreover, you can keep track of your favourite stocks with Tickertape’s Stock Screener tool by using more than 200 filters and using the platform to transact with ease.

Harshit Singh
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