Ashish Kacholia Portfolio: March 2022

The top-10 stocks account for 56% of the value of the portfolio of Ashish Kacholia as of end Mar-22.

Stocks which Ashish Kacholia added in Mar-22 quarter.

Let us look at the fresh addition of stocks to his portfolio first in the Mar-22 quarter. Ashish added 4 fresh stocks to his portfolio in the Mar-22 quarter to the extent of more than 1%.

These 4 freshly added stocks include Fineotex Chemicals Ltd (+1.8%), Stove Kraft Ltd (+1.8%), Gravita India Ltd (+1.4%) and Creative Newtech Ltd (+2.8%). Most additions in the quarter have been small cap stocks, which has generally been his forte anyways.
 

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There were also some stocks where Ashish increased his existing positions. For example, he raised his holdings in XPRO India by 70 bps from 2.9% to 3.6%; Garware Hi-Tech Films by 50 bps from 3.2% to 3.7% and Kwality Pharmaceuticals by 30 bps from 1.7% to 2.0%.

In addition, Ashish also increased 0.2% stake in Bharat Bijlee, 0.2% in Yasho Industries, 0.1% in Ami Organics and 0.1% in United Drilling Tools during the Mar-22 quarter.

What stocks did Ashish Kacholia downsize in his portfolio?

In the Mar-22 quarter, there were several stocks in which he cut down his stake. For example, his stake in Vishnu Chemicals Ltd was cut by 60 bps from 4.8% to 4.2% and he also cut his stake in Somany Home Innovations by 30 bps from 1.6% to 1.3%. In addition, Ashish also reduced his stake in Mold-Teck Packaging and in ADF foods by about 10 basis points in the Mar-22 quarter.

There were two stocks in which the holdings of Ashish Kacholia dropped to below 1%, at which point it is not reported since the reporting limit for SEBI reporting purposes is 1% holding. His stake in Poly Medicure dropped from 1.6% to below 1% while his stake in Mahindra Logistics fell from 1.1% to below 1%. In the case of all the other stocks, his holdings remained static over the close of the previous Dec-21 quarter.

Ashish Kacholia’s Portfolio Performance over 1 year and 3 years?

How did his portfolio perform as of the end of March 2022 quarter compared to the year ago period and the 3 year ago period. His portfolio currently stands at Rs.1,844 crore while a year back the portfolio value stood at Rs.1,292 crore.

That is an appreciation of 42.7% for Ashish Kacholia on his portfolio in the last 1 year. However, you cannot deem all these as returns as a good chunk would also have come from fresh investments and fresh infusions.

Let us turn to a 3-year perspective. The value of his portfolio was Rs.638 crore in Mar-2019 and from there it has appreciated to Rs.1,844 crore in 3 years as of Mar-2022. In terms of compounded annual growth rate, the annualized returns stand at 42.44%, which is impressive and better than his 3 year CAGR return at the end of Dec-21 quarter.

However, the caveat remains that this is not pure returns but could also include the impact of fresh fund infusion into his portfolio.