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Dipak Kanayalal Shah Investment Portfolio and Latest Shareholdings (2026)

Dipak Kanayalal Shah is a public equity investor whose holdings are disclosed through quarterly shareholding filings with Indian stock exchanges. As of the December 2025 quarter, his publicly reported portfolio reflects ownership across multiple listed companies where his stake exceeds the regulatory disclosure threshold. The Dipak Kanayalal Shah portfolio offers insight into his allocation style, stock concentration levels, and sector exposure within the Indian equity market.

Latest Dipak Kanayalal Shah Stock Portfolio & Holdings (2026)

Dipak Kanayalal Shah Portfolio Stock Screener

Dipak Kanayalal Shah Portfolio Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 20 of 35 results

last updated at 6:30 AM IST 
NameStocks (35)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.Borosil LtdBOROLTDHousewaresHousewares2,695.142,695.14253.25253.2536.3036.3012.3712.371.021.02-27.40-27.40-26.65-26.653.343.3410.7010.7013.1813.18--0.120.122.482.48
2.Amrutanjan Health Care LtdAMRUTANJANPharmaceuticalsPharmaceuticals1,610.311,610.31554.30554.3031.6831.68-0.52-0.52-12.99-12.99-26.62-26.62-6.64-6.644.934.9316.5316.5320.6220.620.830.830.010.012.142.14
3.Borosil Scientific LtdBOROSCIHealth Care Equipment & SuppliesHealth Care Equipment & Supplies946.31946.31107.37107.3735.3035.300.920.92-0.74-0.74-25.50-25.50-14.71-14.712.342.346.876.8710.0510.05--0.040.043.503.50
4.Indo Borax and Chemicals LtdINDOBORAXCommodity ChemicalsCommodity Chemicals781.42781.42245.82245.8218.3918.390.950.950.420.42-0.59-0.5948.8948.892.332.3313.5113.5117.3617.360.410.410.000.003.223.22
5.Sunshield Chemicals LtdSUNSHIELSpecialty ChemicalsSpecialty Chemicals699.50699.50785.30785.3047.9847.98-1.26-1.26-8.09-8.09-26.20-26.2021.9821.987.317.3116.3916.3921.4721.470.260.261.051.053.873.87
6.Kilitch Drugs (India) LtdKILITCHPharmaceuticalsPharmaceuticals559.65559.65316.75316.7520.9520.95-1.06-1.06-14.42-14.42-13.68-13.685.405.402.792.7914.2014.2017.4217.42--0.250.253.123.12
7.Arrow Greentech LtdARROWGREENPackagingPackaging558.18558.18381.50381.508.848.843.123.12-14.97-14.97-32.85-32.85-29.14-29.142.942.9439.6039.6044.6644.661.081.080.000.003.593.59
8.Gujarat Apollo Industries LtdGUJAPOLLOIndustrial MachineryIndustrial Machinery491.63491.63398.50398.50334.44334.445.135.13-0.56-0.56-16.09-16.0945.9745.971.001.000.300.301.961.960.480.480.100.103.663.66
9.Majestic Auto LtdMAJESAUTAuto PartsAuto Parts299.71299.71298.10298.1044.0144.013.423.42-16.96-16.96-10.48-10.48-4.87-4.870.480.481.091.093.973.973.473.470.230.233.143.14
10.Jost's Engineering Company LtdJOSTSIndustrial MachineryIndustrial Machinery269.41269.41232.85232.8515.3615.362.222.22-11.55-11.55-31.75-31.75-33.60-33.603.443.4425.7125.7131.7031.700.460.460.300.303.843.84
11.Indo National LtdNIPPOBATRYBatteriesBatteries225.86225.86309.35309.351.831.832.722.72-13.94-13.94-35.37-35.37-29.53-29.530.480.4833.2533.2528.9628.961.661.660.110.112.492.49
12.Diamines and Chemicals LtdDIAMINESQSpecialty ChemicalsSpecialty Chemicals221.05221.05221.91221.9180.6880.68-1.78-1.78-12.96-12.96-37.45-37.45-40.83-40.831.371.371.771.773.093.090.440.440.000.003.393.39
13.Omax Autos LtdOMAXAUTOAuto PartsAuto Parts213.80213.80103.74103.749.929.923.783.78-14.97-14.97-28.17-28.1715.0215.020.680.687.037.0313.9713.972.502.500.250.254.134.13
14.Banaras Beads LtdBANARBEADSApparel & AccessoriesApparel & Accessories73.9973.99114.64114.6424.1024.102.822.82-11.95-11.955.725.72-5.73-5.731.331.335.585.588.368.362.022.020.150.153.413.41
15.Chowgule Steamships LtdCHOWGULSTMLogisticsLogistics69.9369.9319.0119.0154.2154.21-1.30-1.30-7.80-7.80-15.81-15.81-25.89-25.891.571.572.942.945.305.30--0.000.003.713.71
16.Bombay Cycle and Motor Agency LtdBOMBCYCConglomeratesConglomerates68.2868.281,699.901,699.90-22.10-22.10-0.41-0.41-3.96-3.96-15.83-15.831.781.782.562.56-11.44-11.44-6.49-6.490.290.290.020.022.992.99
17.VMS Industries LtdVMSShipbuildingShipbuilding58.3958.3923.3323.338.598.59-2.22-2.22-11.80-11.80-30.00-30.00-24.86-24.860.610.618.498.4912.1312.13--0.150.153.913.91
18.Elegant Marbles and Grani Industries LtdELEMARBBuilding Products - GraniteBuilding Products - Granite56.6556.65185.95185.9512.0512.05-2.75-2.75-8.54-8.54-16.61-16.61-13.61-13.610.390.393.423.423.973.970.520.520.000.002.612.61
19.Saboo Sodium Chloro LtdSABOOSODPackaged Foods & MeatsPackaged Foods & Meats53.7053.7012.7812.78162.71162.710.000.00-9.64-9.64-25.18-25.18-31.47-31.471.151.150.710.713.653.65--0.460.462.932.93
20.ICDS LtdICDSLTDDiversified FinancialsDiversified Financials48.9848.9837.8637.8634.9934.990.690.69-15.85-15.85-19.53-19.53-12.20-12.201.691.694.964.9610.2010.20--0.010.014.284.28

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 Dipak Kanayalal Shah investment portfolio as on 26th February 2026. Stocks are sorted by market capitalisation, highest to lowest.

Dipak Kanayalal Shah’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 Dipak Kanayalal Shah:

  1. Open Market Movers
  2. Under Party, type Dipak Kanayalal Shah
  3. Select the relevant Category and Transaction Type

The results show Dipak Kanayalal Shah’s latest bulk and block deals. The platform also allows date filtering to review historical transactions and identify patterns over time.

Investor Profile – Dipak Kanayalal Shah

Dipak Kanayalal Shah is a public equity investor whose portfolio becomes visible through quarterly shareholding disclosures filed with Indian stock exchanges. His holdings are tracked when ownership in a listed company exceeds the 1% disclosure threshold, making his investment positions publicly accessible.

  1. Name: Dipak Kanayalal Shah
  2. Profession:Public market investor
  3. Total net worth (₹): ₹151.9 cr (Estimates derived from latest publicly available shareholding valuations. Actual figures vary with market prices and subsequent filings.)
  4. Portfolio Size:35 stocks
  5. Known for: Diversified exposure across small- and mid-cap companies

As per the December 2025 quarter disclosures, Dipak Kanayalal Shah holds stakes across 35 listed companies with a combined reported value of approximately ₹151.9 cr. His portfolio reflects diversified participation across multiple sectors rather than concentration in a single dominant holding.



Overview of Top Stocks in Dipak Kanayalal Shah Portfolio

Gagan Gases Ltd

Gagan Gases Ltd distributes and bottles LPG for commercial and industrial use operating a state-of-the-art bottling plant at Pithampur near Indore. Incorporated in 1986 and BSE-listed, the Madhya Pradesh-based company markets LPG in various cylinder sizes, provides bottling services to Reliance and Aegis Gas, and also distributes ESSO and Mobil lubricants.

Stanpacks (India) Ltd

Stanpacks (India) Ltd manufactures flexible packaging materials including woven sacks, kraft paper bags, and laminated rolls with capacities ranging from 5 to 100 kg capacity. Incorporated in 1991 as part of BLISS Group and BSE-listed, the ISO 9001:2015 certified Chennai-based company has won several WorldStar and IndiaStar awards for innovative packaging solutions.

Spectrum Foods Ltd

Spectrum Foods Ltd manufactures and sells industrial salt and spices with 200,000 MT/year salt production capacity and advanced spice processing facility in Phalodi, Rajasthan. Incorporated in 1994 and BSE-listed, the Jaipur-based company operates with 400 kWh captive solar power, serves chemicals, power, textiles, and food sectors, and is expanding into hospitality ventures.

Omax Autos Ltd

Omax Autos Ltd manufactures sheet metal components, tubular components, and machined components for the automotive and railway industries. Established in 1983 and BSE-listed, the Gurgaon-based company operates nine manufacturing plants across India with 3,500+ employees, serves OEMs including Tata Motors and Indian Railways, and ranks among India's top ten automotive component manufacturers.

Gujarat Apollo Industries Ltd

Gujarat Apollo Industries Ltd manufactures crushing and screening equipment for road construction, building, mining, and infrastructure development. Incorporated in 1986 as flagship company of Apollo Group and dual-listed on BSE/NSE, the ISO 9001:2015 certified Mehsana-based manufacturer offers jaw crushers, cone crushers, vibrating screens, and mobile crushing plants across India and internationally.

Dipak Kanayalal Shah Portfolio Composition

Here are the 35 active stocks publicly held by Dipak Kanayalal Shah as of February 2026:

Company Name June 2025 Holding (%) Dec 2025 Holding (%) Holding Value (₹ cr)
Gagan Gases Ltd - 1.1 11.1 L
Stanpacks (India) Ltd - 2.2 15.0 L
Spectrum Foods Ltd 1.7 2.2 73.7 L
Omax Autos Ltd 1.2 1.6 3.8
Gujarat Apollo Industries Ltd 1.8 2.1 10.2
Majestic Auto Ltd 2.9 3.2 11.1
Organic Coatings Ltd 2.6 1.9 42.8 L
Amrutanjan Health Care Ltd 1.1 1.1 19.5
Banaras Beads Ltd - 1.0 83.8 L
Kilitch Drugs (India) Ltd 3.1 3.6 20.2
Indo National Ltd - 1.1 2.8
Arrow Greentech Ltd 1.2 1.2 7.7
Diamines and Chemicals Ltd 1.5 1.5 3.6
Bombay Cycle and Motor Agency Ltd 1.0 1.0 71.4 L
Chowgule Steamships Ltd 1.0 1.1 71.9 L
Jost's Engineering Company Ltd - 1.1 3.2
Jaipan Industries Ltd 1.3 1.3 20.2 L
Acrow India Ltd 1.5 1.5 69.2 L
PCS Technology Ltd 1.7 1.7 73.2 L
Poona Dal and Oil Industries Ltd 1.0 1.0 40.0 L
Tai Industries Ltd 1.1 1.1 19.2 L
Indo Borax and Chemicals Ltd 1.1 1.1 9.1
Lippi Systems Ltd 1.1 1.1 26.3 L
Elegant Marbles and Grani Industries Ltd 1.1 1.2 71.4 L
Saboo Sodium Chloro Ltd 1.0 1.0 61.6 L
SSPDL Ltd 2.3 2.3 61.5 L
Sunshield Chemicals Ltd 1.0 1.0 7.7
Hipolin Ltd 1.6 1.7 33.7 L
LWS Knitwear Ltd 1.4 1.4 29.8 L
First Fintec Ltd 1.9 1.9 14.6 L
VMS Industries Ltd 1.1 1.3 79.2 L
ICDS Ltd 1.3 1.4 83.3 L
Tranway21 Technologies Ltd - 3.2 15.3 L
Borosil Ltd 1.0 1.0 31.6
Borosil Scientific Ltd 1.1 1.1 10.8

How to Invest in Dipak Kanayalal Shah Portfolio Stocks?

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What is the Net Worth of Dipak Kanayalal Shah?

As per the December 2025 quarter shareholding disclosures, Dipak Kanayalal Shah’s publicly reported portfolio has an estimated net worth of ₹151.9 cr, based on the combined value of all listed equity holdings where his stake exceeds the regulatory disclosure threshold.


Note: This figure reflects only the value of publicly disclosed listed shareholdings and does not include any unlisted investments, personal assets, cash, or other financial holdings outside exchange filings.

Dipak Kanayalal Shah's Investment Strategy

Wide Portfolio Spread Across Small and Micro-Cap Companies

Shah's publicly disclosed portfolio spans over 55 stocks concentrated almost exclusively in small and micro-cap companies across pharmaceuticals, glassware, chemicals, auto components, food processing, and logistics. His current net worth stands at approximately ₹151.84 crore per Ticker by Finology. This breadth reflects a deliberate preference for niche industrial businesses that operate below the radar of institutional research desks.

Meaningful Stakes With a Minority Ownership Orientation

Shah builds ownership positions that register consistently in exchange filings, predominantly between 1 and 4 per cent per company. His largest disclosed stakes include approximately 3.64 per cent in Kilitch Drugs, 3.16 per cent in Majestic Auto, 2.32 per cent in SSPDL, and 2.05 per cent in Gujarat Apollo Industries per Ticker by Finology. These stakes are meaningful without being controlling, reflecting a minority ownership approach applied consistently across the portfolio.

Long-Term Holding Through Market Cycles

His exchange filing history shows positions like Amrutanjan Health Care, Gujarat Apollo Industries, Diamines & Chemicals, and Kilitch Drugs held across multiple consecutive quarters per Ticker by Finology. His portfolio net worth has grown from ₹68.1 crore across 30 stocks in September 2016 to ₹151.84 crore across 55-plus holdings today. Holding through market cycles rather than repositioning with sentiment is the most consistent behavioural pattern across his decade-long filing history.

Gradual Portfolio Expansion Over Time

His portfolio has expanded progressively — from 30 stocks at ₹68.1 crore in September 2016, to 38 stocks at ₹92.2 crore in December 2019, to 38 stocks at ₹100.7 crore in March 2021, to the current 55-plus positions at ₹151.84 crore per Ticker by Finology. Each expansion phase reflects measured, research-driven addition of new positions rather than rapid turnover of existing ones.

Shared Investment Themes With Family Members

Several holdings overlap directly with those of Sharad Kanayalal Shah, including Gujarat Apollo Industries, Diamines & Chemicals, Indo-National, Jost's Engineering, Organic Coatings, and Spectrum Foods, per Ticker by Finology data for both investors. This convergence across independently filed portfolios suggests a shared research framework within the family, reinforcing conviction through actual capital commitment rather than coincidence.

Learnings from the Dipak Kanayalal Shah Portfolio

Patient Capital Grows Steadily Across Cycles

His portfolio net worth more than doubled from ₹68.1 crore in September 2016 to ₹151.84 crore per the latest Ticker by Finology data, without concentrated bets in high-profile names. This growth through multiple market corrections demonstrates that patient participation across a wide range of fundamentally sound small-cap businesses produces meaningful long-term compounding. The absence of dramatic portfolio concentration is itself a feature, not a limitation, of his approach.

Sector Breadth Absorbs Individual Stock Volatility

His portfolio spans pharmaceuticals, glassware, specialty chemicals, auto components, food processing, healthcare, and logistics with no single sector dominating. Weakness in any one sector does not disproportionately affect the overall portfolio. Diversification across genuinely distinct business categories provides more durable protection than concentrating in a few sectors on the basis of near-term thematic momentum.

Expanding Into New Positions Reflects Ongoing Research

The progression from 30 disclosed stocks in 2016 to over 55 per the latest Ticker by Finology filings shows Shah adds positions incrementally rather than managing a fixed, closed portfolio. Recent additions, including Omax Autos, VMS Industries, Banaras Beads, and Stanpacks reflect active, continuous research rather than passive portfolio maintenance. Sustained research within a defined investment universe is a habit, not a one-time exercise.

Small Stakes Across Many Names Reduce Single-Stock Risk

Holding 1 to 4 per cent stakes across a large number of companies means no single stock's failure can cause catastrophic damage to the overall portfolio. This structure also allows continuous monitoring of a wide range of businesses without heavy concentration creating pressure that could compromise analytical objectivity. The breadth of positions is a risk management tool as much as it is a diversification strategy.

Shared Conviction Strengthens Individual Decision-Making

The overlap between Dipak and Sharad Kanayalal Shah's portfolios in companies like Gujarat Apollo, Diamines & Chemicals, and Jost's Engineering per Ticker by Finology suggests mutual validation within a family investing framework. A position independently held by both investors across consecutive quarters signals shared, researched conviction rather than coincidental selection. Cross-validation through actual capital commitment is a more reliable conviction signal than verbal agreement or shared watchlists.

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Factors Affecting Stock Selection in the Dipak Kanayalal Shah Portfolio

Established Operations in Niche Industrial Segments

Shah's holdings consistently feature companies with functioning operations in well-defined categories — Kilitch Drugs in pharmaceutical formulations, Borosil in scientific glassware, Indo Borax in boron chemicals, Arrow Greentech in biodegradable packaging, and Majestic Auto in two-wheeler components. Pre-revenue or early-stage businesses are absent from his filing history. Operational maturity within a defined niche is a foundational selection criterion that repeats consistently across his portfolio.

Low Institutional Ownership and Market Coverage

Companies like Hipolin, Lippi Systems, Tai Industries, and First Fintec are micro-cap businesses with minimal analyst coverage and very low daily trading volumes. Their consistent presence across Shah's filings per Ticker by Finology suggests low institutional ownership is a feature of his selection process, not a deterrent. These are businesses where pricing inefficiency is most likely to persist until fundamentals eventually drive re-rating.

Stake-Building Feasibility at Micro-Cap Scale

His selections are small enough to allow him to build a 1 to 4 per cent ownership stake without disproportionate capital outlay. Companies large enough to dilute his ownership well below 1 per cent do not appear in his filings. The feasibility of meaningful minority stake-building at a small market cap level appears to be a consistent and practical selection filter across the portfolio.

Sector Diversity Without Duplication

His portfolio covers healthcare, glassware, speciality chemicals, auto components, food processing, packaging, construction, logistics, and plantation companies — with each sector typically represented by one or two names. This discipline of targeted sector allocation rather than broad thematic basket-building suggests that selectivity within each industry is a defining principle of how individual stocks are chosen for inclusion.

Conclusion

Dipak Kanayalal Shah builds his portfolio through diversified participation across multiple listed companies, with disclosures reflecting steady exposure to small- and mid-cap segments. His holdings illustrate how public shareholding data can highlight allocation patterns, conviction levels, and ownership changes across quarters.

However, financial goals, time horizon, and risk capacity differ for every individual. Publicly disclosed portfolios should serve as reference points rather than ready-made strategies. Independent analysis of business fundamentals remains essential before taking exposure.

For deeper evaluation, readers can explore stocks using the Tickertape Stock Screener, which offers 200+ filters across financials, growth metrics, and valuation parameters. Monitoring ownership trends through Tickertape Market Movers can also help track how shareholding patterns evolve over time.

Frequently Asked Questions About the Dipak Kanayalal Shah Portfolio

  1. Who is Dipak Kanayalal Shah?

    Dipak Kanayalal Shah is an Indian investor with a publicly disclosed portfolio spanning over 35 stocks worth approximately ₹151.9 cr. His holdings, traceable through exchange filings since at least September 2016, are concentrated in small and micro-cap companies across pharmaceuticals, chemicals, glassware, auto components, and food processing.

  2. Which are considered Dipak Kanayalal Shah's best picks?

    The best picks in the Dipak Kanayalal Shah portfolio are usually stocks where she holds meaningful ownership and stays invested over multiple quarters. A few notable companies from this list are:
    1. Gagan Gases Ltd
    2. Stanpacks (India) Ltd
    3. Spectrum Foods Ltd
    4. Omax Autos Ltd
    5. Gujarat Apollo Industries Ltd

    Disclaimer: This information is for educational purposes only and should not be considered investment advice.

  3. Where can I check Dipak Kanayalal Shah's latest portfolio?

    You can track Dipak Kanayalal Shah's latest portfolio through quarterly shareholding data published by stock exchanges and market-tracking platforms. Investors can also track portfolio changes, bulk and block deals, and other major stock activity using tools like Tickertape Market Movers.

  4. Is Dipak Kanayalal Shah related to Sharad Kanayalal Shah?

    The shared surname and overlapping portfolio holdings strongly suggest a family connection. Both investors hold common positions in Gujarat Apollo Industries, Diamines & Chemicals, Indo-National, Jost's Engineering, Organic Coatings, and Spectrum Foods as per their respective exchange filings.

  5. Does Dipak Kanayalal Shah appear in financial media?

    No documented interviews, public commentary, or media appearances by Dipak Kanayalal Shah have been identified. His investment activity is tracked entirely through mandatory quarterly shareholding disclosures that listed companies file with stock exchanges.

  6. Does Dipak Kanayalal Shah invest individually or through an entity?

    Based on publicly available exchange filings, Dipak Kanayalal Shah's shareholdings are disclosed in his individual name rather than through a named entity. All positions visible in quarterly shareholding pattern filings are attributed directly to him as an individual investor, which is the standard disclosure format for investors holding stakes at or above the mandatory 1 per cent threshold in listed companies.

  7. Does Dipak Kanayalal Shah prefer concentrated or diversified positions?

    His portfolio of over 35 disclosed stocks reflects broad diversification, significantly wider than most tracked superstar investors. Within each sector, he holds one or two representative companies rather than multiple names.

  8. How long does Dipak Kanayalal Shah hold his stocks?

    Several positions have been held across multiple consecutive years of quarterly filings. Amrutanjan Health Care, Gujarat Apollo Industries, Kilitch Drugs, and Diamines & Chemicals appear consistently across Dec 2024 through Dec 2025 data with stable or growing stakes.