Ajay Upadhyaya Portfolio, Shareholdings & Investments.
Ajay Upadhyay is a well-known Indian equity investor and a closely tracked participant in the Indian stock market. With an estimated net worth of ₹850.18 cr., he features among prominent high-net-worth investors based on publicly disclosed shareholdings. His portfolio includes 13 active stocks out of a total 19 stocks held across reporting periods, reflecting a focused yet diversified investment approach. In this article, we explore his portfolio, investor profile, stock selection strategy, and what shapes Ajay Upadhyay’s investing approach.
Latest Ajay Upadhyay Stock Portfolio & Holdings (2026)
Ajay Upadhyay Portfolio Stock Screener
Ajay Upadhyay Portfolio Stock Screener: Analyse & Filter Indian Stocks on Tickertape
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| NameStocks (20)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Navin Fluorine International LtdNAVINFLUOR | Specialty ChemicalsSpecialty Chemicals | 33,232.1433,232.14 | 6,256.506,256.50 | 115.16115.16 | -3.52-3.52 | 6.776.77 | 32.9232.92 | 65.7965.79 | 12.6512.65 | 11.5211.52 | 11.7011.70 | 0.100.10 | 0.560.56 | 2.562.56 | |
| 2. | Elecon Engineering Company LtdELECON | Heavy Electrical EquipmentsHeavy Electrical Equipments | 9,504.469,504.46 | 415.85415.85 | 22.9022.90 | -1.82-1.82 | 11.9411.94 | -22.80-22.80 | -4.94-4.94 | 4.764.76 | 23.0423.04 | 25.1025.10 | 0.470.47 | 0.090.09 | 3.593.59 | |
| 3. | Time Technoplast LtdTIMETECHNO | Plastic ProductsPlastic Products | 9,263.079,263.07 | 183.76183.76 | 23.8823.88 | -2.07-2.07 | 6.916.91 | -19.92-19.92 | -0.35-0.35 | 3.133.13 | 13.9113.91 | 18.7118.71 | 0.610.61 | 0.250.25 | 3.233.23 | |
| 4. | Genus Power Infrastructures LtdGENUSPOWER | Electronic EquipmentsElectronic Equipments | 7,991.807,991.80 | 262.30262.30 | 25.6725.67 | -0.15-0.15 | 3.133.13 | -23.50-23.50 | -1.02-1.02 | 4.284.28 | 18.1118.11 | 20.1620.16 | 0.850.85 | 0.730.73 | 3.293.29 | |
| 5. | Skipper LtdSKIPPER | Power InfrastructurePower Infrastructure | 4,167.614,167.61 | 366.35366.35 | 27.9027.90 | -0.68-0.68 | 9.349.34 | -30.50-30.50 | -6.67-6.67 | 3.493.49 | 14.2914.29 | 26.0726.07 | 0.030.03 | 0.620.62 | 3.203.20 | |
| 6. | Camlin Fine Sciences LtdCAMLINFINE | Specialty ChemicalsSpecialty Chemicals | 2,676.802,676.80 | 147.90147.90 | -19.25-19.25 | 6.146.14 | 3.383.38 | -28.95-28.95 | 0.350.35 | 3.063.06 | -16.06-16.06 | -4.03-4.03 | -- | 0.780.78 | 4.994.99 | |
| 7. | Thirumalai Chemicals LtdTIRUMALCHM | Commodity ChemicalsCommodity Chemicals | 2,348.132,348.13 | 191.13191.13 | -50.94-50.94 | -1.87-1.87 | 0.670.67 | -35.65-35.65 | -11.04-11.04 | 2.032.03 | -4.01-4.01 | 0.290.29 | -- | 1.551.55 | 3.153.15 | |
| 8. | DCX Systems LtdDCXINDIA | CablesCables | 2,058.762,058.76 | 177.25177.25 | 52.9552.95 | -4.10-4.10 | 11.3211.32 | -31.87-31.87 | -27.62-27.62 | 1.501.50 | 3.113.11 | 5.165.16 | -- | 0.000.00 | 3.953.95 | |
| 9. | Omaxe LtdOMAXE | Real EstateReal Estate | 1,441.261,441.26 | 79.0479.04 | -2.10-2.10 | 0.300.30 | 7.357.35 | -6.04-6.04 | 0.190.19 | -24.03-24.03 | -251.55-251.55 | -61.52-61.52 | -- | -- | 3.973.97 | |
| 10. | Precision Camshafts LtdPRECAM | Auto PartsAuto Parts | 1,316.501,316.50 | 136.00136.00 | 24.3324.33 | -1.88-1.88 | 0.000.00 | -20.30-20.30 | -25.58-25.58 | 1.661.66 | 7.027.02 | 11.0811.08 | 0.720.72 | 0.150.15 | 4.204.20 | |
| 11. | DAM Capital Advisors LtdDAMCAPITAL | Investment Banking & BrokerageInvestment Banking & Brokerage | 1,075.631,075.63 | 150.27150.27 | 10.3610.36 | -1.25-1.25 | -15.13-15.13 | -32.05-32.05 | -32.83-32.83 | 4.084.08 | 48.6648.66 | 51.1451.14 | 0.660.66 | 0.010.01 | 3.693.69 | |
| 12. | Mamata Machinery LtdMAMATA | Industrial MachineryIndustrial Machinery | 1,062.201,062.20 | 437.75437.75 | 26.0526.05 | 1.411.41 | 13.2713.27 | 10.9410.94 | 16.9416.94 | 6.216.21 | 26.9126.91 | 32.2532.25 | 0.120.12 | 0.030.03 | 3.913.91 | |
| 13. | SRM Contractors LtdSRM | Construction & EngineeringConstruction & Engineering | 973.41973.41 | 416.55416.55 | 17.7017.70 | -1.81-1.81 | -6.81-6.81 | -9.99-9.99 | 26.3026.30 | 3.533.53 | 27.1627.16 | 28.2428.24 | -- | 0.150.15 | 4.234.23 | |
| 14. | Vascon Engineers LtdVASCONEQ | Construction & EngineeringConstruction & Engineering | 880.83880.83 | 38.0338.03 | 6.796.79 | -1.27-1.27 | -10.43-10.43 | -24.02-24.02 | 6.896.89 | 0.810.81 | 12.5212.52 | 14.2914.29 | -- | 0.190.19 | 4.094.09 | |
| 15. | Kirloskar Electric Company LtdKECL | Heavy Electrical EquipmentsHeavy Electrical Equipments | 597.59597.59 | 89.4589.45 | 160.21160.21 | -0.59-0.59 | 14.9714.97 | -22.98-22.98 | -19.09-19.09 | 5.215.21 | 3.793.79 | 14.3314.33 | -- | 1.011.01 | 3.353.35 | |
| 16. | Onmobile Global LtdONMOBILE | Software ServicesSoftware Services | 545.53545.53 | 50.8050.80 | -13.58-13.58 | -0.99-0.99 | 3.403.40 | 1.561.56 | 1.181.18 | 0.870.87 | -6.31-6.31 | -4.34-4.34 | -- | 0.070.07 | 3.523.52 | |
| 17. | Annapurna Swadisht LtdANNAPURNA | FMCG - FoodsFMCG - Foods | 398.11398.11 | 193.25193.25 | 18.5018.50 | 5.925.92 | 1.631.63 | -22.45-22.45 | -32.78-32.78 | 1.311.31 | 10.2710.27 | 12.2412.24 | -- | 0.380.38 | 3.713.71 | |
| 18. | Maral Overseas LtdMARALOVER | TextilesTextiles | 189.40189.40 | 45.1145.11 | -7.83-7.83 | -1.14-1.14 | 21.9221.92 | -20.44-20.44 | -32.84-32.84 | 1.741.74 | -20.13-20.13 | 3.313.31 | -- | 4.124.12 | 3.933.93 | |
| 19. | Forcas Studio LtdFORCAS | Apparel & AccessoriesApparel & Accessories | 179.49179.49 | 105.00105.00 | 20.7720.77 | 2.842.84 | -8.70-8.70 | 5.055.05 | 24.1124.11 | 2.822.82 | 20.6620.66 | 21.6721.67 | -- | 0.210.21 | 4.004.00 | |
| 20. | Service Care LtdSERVICE | Employment ServicesEmployment Services | 69.3169.31 | 52.0052.00 | 34.4834.48 | 0.000.00 | 16.0716.07 | -7.06-7.06 | -20.97-20.97 | 1.481.48 | 4.984.98 | 4.304.30 | -- | 0.030.03 | 6.136.13 |
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 Ajay Upadhyay investment portfolio as on 4th February 2026. Stocks are sorted by market capitalisation, highest to lowest.
Selection criteria: The table contains publicly disclosed Ajay Upadhyay investment portfolio as on 4th February 2026. Stocks are sorted by market capitalisation, highest to lowest.
Ajay Upadhyay’s Bulk and Block Deals
Bulk and block deals improve market transparency and explain sharp changes in stock volumes. These disclosures help track where large investors deploy capital and which sectors attract or lose interest over time. Analysts often review such deals to understand portfolio shifts and changing market sentiment.
Here’s how you can find the latest bulk and block deals by Ajay Upadhyay:
- Open Market Movers
- Under Party, type Ajay Upadhyay
- Select the relevant Category and Transaction Type
The results show Ajay Upadhyay’s latest bulk and block deals. The platform also allows date filtering to review historical transactions and identify patterns over time.
Investor Profile – Ajay Upadhyay
Over the years, Ajay Upadhyay has built a research-led equity portfolio by focusing on fundamentally strong businesses, particularly in the small-cap and mid-cap space.
- Name: Ajay Upadhyay
- Profession: Equity investor
- Market experience: Active for multiple market cycles
- Estimated Ajay Upadhyay net worth (₹): ₹850.18 cr. (based on publicly disclosed holdings)
- No. of portfolio companies: 13 active stocks out of 19 stocks owned
- Primary focus: Small-cap and mid-cap companies
Ajay Upadhyay's portfolio shows a selective approach, where each holding represents a specific business thesis rather than broad diversification. His publicly disclosed investments often include companies from sectors such as engineering, manufacturing, power infrastructure, capital goods, and construction. It indicates that he prefers a business-first and sector-aware stock selection strategy.
Ajay Upadhyay Portfolio Composition
Here is a list of the 13 active stocks from Ajay Upadhyay portfolio as of February 2026:
| Stock Name | Holding Value (In cr.) | Shares Held | Dec 2025 Change (%) | Dec 2025 Holding (%) | Sep 2025 Holding (%) |
|---|---|---|---|---|---|
| Navin Fluorine International Ltd | 338.8 | 517,500 | 0 | 1% | 1% |
| Elecon Engineering Company Ltd | 179.9 | 4,000,000 | 0 | 1.8% | 1.8% |
| Genus Power Infrastructures Ltd | 113.9 | 4,000,000 | 0 | 1.3% | 1.3% |
| Time Technoplast Ltd | 103.6 | 5,100,000 | 0 | 1% | 1.1% |
| Skipper Ltd | 67 | 1,739,000 | 0 | 1.5% | 1.5% |
| Camlin Fine Sciences Ltd | 42.4 | 2,487,109 | 0 | 1.3% | 1.3% |
| Precision Camshafts Ltd | 32.1 | 2,000,000 | 0 | 2.1% | 2.1% |
| Kirloskar Electric Company Ltd | 31.4 | 3,000,000 | 0 | 4.5% | 4.5% |
| Thirumalai Chemicals Ltd | 28.1 | 1,300,000 | 0 | 1.1% | 1% |
| DCX Systems Ltd | 25.1 | 1,500,000 | -1.4 | 1.4% | 2.8% |
| Omaxe Ltd | 21.9 | 2,750,000 | 0 | 1.5% | 1.5% |
| Not Found | 18.2 | 430,000 | 0.1 | 1.8% | 1.6% |
| Not Found | 15 | 365,000 | -0.1 | 1.6% | 1.7% |
| Vascon Engineers Ltd | 13.4 | 3,250,000 | 0 | 1.4% | 1.4% |
| DAM Capital Advisors Ltd | 13.1 | 800,000 | -0.1 | 1.1% | 1.2% |
| Annapurna Swadisht Ltd | 9.9 | 500,000 | Filing Awaited | - | 2.3% |
| Onmobile Global Ltd | 9.6 | 1,850,000 | New | 1.7% | - |
| Not Found | 4.4 | 427,200 | - | - | 2.4% |
| Maral Overseas Ltd | 3.2 | 721,500 | 0 | 1.7% | 1.7% |
| Not Found | 2.2 | 450,000 | Filing Awaited | - | 3.4% |
How to Invest in Ajay Upadhyay Portfolio Stocks?
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- Create an account on the Tickertape or log in if you already have one.
- Open Ajay Upadhyay Portfolio Screener
- Filter stocks based on 200+ parameters. Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company's financial health and potential in depth.
- Once you've decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
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Ajay Upadhyay Net Worth
Ajay Upadhyay has an estimated net worth of ₹850.18 cr., based on the market value of his publicly disclosed equity holdings. This net worth can fluctuate over time depending on stock price movements, quarterly shareholding disclosures, and changes in his portfolio holdings.
Ajay Upadhyay's Investment Strategy
Long-term & Fundamentals-oriented
Ajay Upadhyay invests with a long-term view and avoids frequent trading. He focuses on how a business performs over several years, paying attention to earnings growth, balance sheet strength, and sustainability rather than short-term stock price movements.
Focus on Small & Mid-cap Opportunities
A large part of his portfolio consists of small-cap and mid-cap stocks. These companies often have higher growth potential and receive less analyst coverage, which can lead to mispricing. He looks to identify such businesses early in their growth phase.
Sector Diversification and Cyclical Exposure
Ajay Upadhyay’s investments span sectors such as chemicals, engineering, power infrastructure, manufacturing, construction, and capital goods. This sector spread helps balance risk while maintaining exposure to industries that benefit from economic and industrial growth cycles.
Selective Conviction-led Positions
Instead of owning a large number of stocks, he maintains a focused portfolio. Higher allocation to certain companies indicates stronger conviction in their business models, competitive position, or long-term earnings visibility.
Performance and Turnaround Focus
Several stocks in his portfolio reflect companies that have shown operational improvement, capacity expansion, or cyclical recovery. This suggests a preference for businesses where improving fundamentals can drive future stock performance.
Selective Trading Actions
Although his approach is largely long-term, he does make selective changes. He increases or trims positions based on valuation comfort, business progress, or changes in outlook, rather than reacting to short-term market noise.
Learnings from the Ajay Upadhyay Portfolio in 2026
Fundamentals Drive Stock Selection
His portfolio shows a consistent preference for companies with strong business fundamentals. Most holdings operate in core economic sectors such as chemicals, engineering, power infrastructure, manufacturing, and capital goods, where earnings depend on real business execution rather than market sentiment.
Small and mid-cap Focus Requires Patience
Ajay Upadhyay’s portfolio is tilted towards small-cap and mid-cap stocks, which tend to be more volatile in the short term. The key learning is that such stocks require patience, as business improvements and earnings growth often take time to reflect in stock prices.
Conviction Matters More Than Quantity
Despite being diversified across sectors, his portfolio remains relatively concentrated. Each holding represents a specific investment thesis, suggesting that deep conviction in a business can be more important than holding a large number of stocks.
Sector Exposure Follows Economic Cycles
Many companies in his portfolio are linked to industrial growth, infrastructure spending, power distribution, and manufacturing demand. This indicates an understanding of economic and capex cycles, where long-term sector tailwinds can support sustained business growth.
Turnaround Stories Play a Role
Some holdings reflect businesses that have shown operational improvement, capacity expansion, or balance sheet strengthening. This highlights the importance of identifying companies at an early stage of recovery rather than after valuations fully adjust.
Portfolio Changes are Gradual
His portfolio does not show frequent churn. Additions, exits, or stake changes happen gradually, reinforcing the idea that long-term investing relies more on monitoring business progress than reacting to short-term price movements.
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Factors Affecting Stock Selection in the Ajay Upadhyay Portfolio
Business Fundamentals and Earnings Visibility
Ajay Upadhyay focuses on companies with clear business models and visible earnings potential. His holdings typically show stable or improving revenue trends, operating performance, and scalability, indicating a strong emphasis on sustainable business fundamentals.
Alignment With Capex-Driven Sectors
His portfolio shows meaningful exposure to sectors such as engineering, chemicals, power infrastructure, capital goods, manufacturing, and construction. This reflects a preference for businesses that benefit from industrial growth, infrastructure spending, and economic expansion cycles.
Valuation Comfort At The Time Of Entry
Stock selection appears closely linked to valuation discipline. Even when investing in growth-oriented businesses, he seems to prefer entry points where valuations offer a reasonable margin of safety, helping manage downside risk.
Turnaround And Improvement Potential
Some holdings point to companies undergoing operational recovery, balance sheet improvement, or cyclical upturns. This suggests that he considers turnaround potential when early signs of business improvement become visible.
Sector Diversification To Manage Risk
While the portfolio is focused, it is spread across multiple industries. This sector diversification helps reduce dependence on any single sector while staying aligned with core investment themes.
Conclusion
Ajay Upadhyay follows a fundamentals-led and long-term investing approach, with a clear focus on business quality, valuation comfort, and conviction-based stock selection. His portfolio highlights how patient capital allocation, sector diversification, and ongoing review of business performance can support long-term wealth creation over market cycles.
That said, investors should avoid directly copying any investor’s portfolio. Investment outcomes depend on individual goals, risk appetite, and time horizons. Conducting independent research and seeking professional advice, where required, remains essential before making investment decisions.
For independent analysis, investors can use the Tickertape Stock Screener, which offers 200+ filters to evaluate stocks across fundamentals, valuations, and financial strength. Major stock activity and investor movements can also be tracked using Tickertape Market Movers.
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Frequently Asked Questions About the Ajay Upadhyay Portfolio
Who is Ajay Upadhyay?
Ajay Upadhyay is a well-known Indian equity investor whose portfolio is tracked through publicly disclosed shareholding data. He is known for a fundamentals-led, long-term approach with a strong focus on small-cap and mid-cap stocks.What is Ajay Upadhyay’s net worth?
Ajay Upadhyay’s net worth is estimated at ₹850.18 cr., based on the market value of his publicly disclosed equity holdings. This figure can fluctuate depending on stock price movements and portfolio changes.Disclaimer: The above information is based on publicly available information and may change with subsequent disclosures.
What does Ajay Upadhyay’s portfolio include?
Ajay Upadhyay’s portfolio includes listed companies across sectors such as chemicals, engineering, power infrastructure, capital goods, manufacturing, and construction. His stock holdings reflect a selective and conviction-led approach rather than broad diversification.Disclaimer: The above information is based on publicly available information and may change with subsequent disclosures.
How many stocks does Ajay Upadhyay hold?
As per recent disclosures, Ajay Upadhyay holds 13 active stocks out of a total 19 stocks owned across reporting periods. The number may change with additions, exits, or stake adjustments.Disclaimer: The above information is based on publicly available information and may change with subsequent disclosures.
What are some key Ajay Upadhyay stocks?
As per the publicly available informative some top stocks in Ajay Upadhyay’s portfolio as of February 2026 include: Navin Fluorine International LtdElecon Engineering Company Ltd
Genus Power Infrastructures Ltd
Kirloskar Electric Company Ltd
Disclaimer: This information on top Mukul Agrawal stocks is for educational purposes only and should not be considered investment advice.
What is Ajay Upadhyay’s investment approach?
Ajay Upadhyay follows a long-term, fundamentals-driven investment strategy. His investments focus on business quality, earnings visibility, valuation comfort, and alignment with industrial and economic growth cycles.How can investors track Ajay Upadhyay’s stock holdings?
Investors can track Ajay Upadhyay's holdings through publicly available shareholding disclosures, along with bulk and block deal data. Market tracking tools such as Tickertape Stock Screener help analyse Ajay Upadhyay shares across fundamentals, valuations, and financial strength, while Tickertape Market Movers highlights key portfolio changes and notable stock activity in one place.
