Ashish Kacholia
Individual Investor · Mumbai
Mid/small-cap manufacturing, specialty chemicals, electronics
Known as the 'Big Whale' of mid/small-caps. Co-founded Hungama Digital before turning full-time investor.
₹1.15k Cr
-27.6% QoQ −₹438.1 Cr vs prior quarterDisclosed portfolio value · shares at quarter-end close · Jun 2026
22 (-10)
Holdings
₹1.15k Cr
-27.6% QoQ · −₹438.1 Cr
Disclosed value
+3
Adds this quarter
−14
Trims this quarter
Latest disclosure: Jun 2026 · Top-5 concentration 39.95% · QoQ vs Mar 2026
Quarterly trajectory
10 fewer holdings vs prior quarter · 3 adds / 14 trims this quarter · -12 net holdings over 4 quarters
| Quarter | Holdings | Adds | Trims | Portfolio value | |
|---|---|---|---|---|---|
| ▾ | Jun 2026 | 22 | +3 | −14 | ₹1.15k Cr |
vs Mar 2026 Total portfolio: ₹1.15k Cr New additions Asian Energy Services LimitedASIANENE +1.18% ₹20.1 Cr Texel Industries Ltd +7.86% ₹8.4 Cr Below 1% (not in SHP) Fineotex Chemical LimitedFCL < 1% · was 2.58% ₹57.7 Cr Zaggle Prepaid Ocean Services LimitedZAGGLE < 1% · was 2.23% ₹56.3 Cr Shaily Engineering Plastics LtdSHAILY < 1% · was 3.22% ₹308.3 Cr Beta Drugs LimitedBETA < 1% · was 5.76% ₹69.4 Cr Xpro India LimitedXPROINDIA < 1% · was 3.91% ₹93.0 Cr Thomas Scott (India) LimitedTHOMASCOTT < 1% · was 2.10% ₹7.2 Cr CARYSIL LIMITEDCARYSIL < 1% · was 3.52% ₹75.3 Cr Yasho Industries LimitedYASHO < 1% · was 2.27% ₹34.5 Cr SG Finserve LimitedSGFIN < 1% · was 2.37% ₹64.0 Cr Walchandnagar Industries LimitedWALCHANNAG < 1% · was 1.54% ₹13.8 Cr Gujarat Apollo Industries LimitedGUJAPOLLO < 1% · was 2.29% ₹11.8 Cr Faze Three LimitedFAZE3Q < 1% · was 5.42% ₹49.8 Cr Increased INDO SMC Ltd 2.46% → 3.03% ₹27.9 Cr Decreased Balu Forge Industries LimitedBALUFORGE 1.64% → 1.58% ₹88.0 Cr TANFAC Industries Ltd 1.71% → 1.61% ₹84.2 Cr | |||||
| ▸ | Mar 2026 | 32 | +3 | −6 | ₹1.59k Cr |
| ▸ | Dec 2025 | 33 | +4 | −3 | ₹1.85k Cr |
| ▸ | Sep 2025 | 34 | +2 | −7 | ₹1.82k Cr |
Click a quarter to expand. Value = shares held × quarter-end closing price. Positions marked < 1% dropped off the SHP filing (SEBI only discloses ≥1% holders) — a stake may still exist below that threshold.
Top moves this quarter
Holdings
Jun 2026 disclosure · 22 stocks ≥1% · ₹1.15k Cr total
Value = shares at quarter-end close. QoQ compares stake % vs prior quarter.
22 stocks · Sorted by Stake (high to low)
| Texel Industries Ltd | 7.86% | — | New | ₹8.4 Cr | 10,45,750 |
| Dhabriya Polywood Ltd | 5.32% | 5.32% | No change | ₹22.9 Cr | 5,76,347 |
| Qualitek Labs Ltd | 4.35% | 4.35% | No change | ₹24.7 Cr | 5,06,400 |
| Agarwal Industrial Corporation LimitedAGARIND | 4.33% | 4.33% | No change | ₹34.3 Cr | 6,47,977 |
| Aelea Commodities Ltd | 4.29% | 4.29% | No change | ₹13.5 Cr | 8,73,600 |
| Inflame Appliances Ltd | 4.11% | 4.11% | No change | ₹6.8 Cr | 3,08,000 |
| Shree Refrigerations Ltd | 3.42% | 3.42% | No change | ₹48.1 Cr | 12,19,513 |
| Man Industries (India) LimitedMANINDS | 3.04% | 3.04% | No change | ₹132.8 Cr | 22,77,029 |
| INDO SMC Ltd | 3.03% | 2.46% | +0.57pp | ₹27.9 Cr | 6,91,405 |
| Sanjivani Paranteral Ltd | 3.01% | 3.01% | No change | ₹5.5 Cr | 3,70,000 |
| Adcounty Media India Ltd | 2.92% | 2.92% | No change | ₹6.5 Cr | 6,56,000 |
| Knowledge Marine & Engineering Works LimitedKMEW | 2.89% | 2.89% | No change | ₹154.4 Cr | 7,05,264 |
| Aeroflex Industries LimitedAEROFLEX | 2.27% | 2.27% | No change | ₹147.0 Cr | 30,08,589 |
| Bharat Parenterals Ltd | 1.87% | 1.87% | No change | ₹17.8 Cr | 1,29,018 |
| SAFARI INDUSTRIES (I) LTD.SAFARI | 1.84% | 1.84% | No change | ₹145.8 Cr | 9,00,000 |
| Advait Energy Transitions LimitedADVAIT | 1.82% | 1.83% | No change | ₹46.1 Cr | 2,00,000 |
| Stove Kraft LimitedSTOVEKRAFT | 1.74% | 1.74% | No change | ₹43.6 Cr | 5,76,916 |
| TANFAC Industries Ltd | 1.61% | 1.71% | -0.10pp | ₹84.2 Cr | 3,40,918 |
| Balu Forge Industries LimitedBALUFORGE | 1.58% | 1.64% | -0.06pp | ₹88.0 Cr | 18,90,933 |
| Vikran Engineering LimitedVIKRAN | 1.52% | 1.52% | No change | ₹29.4 Cr | 39,30,060 |
| Concord Control Systems Ltd | 1.45% | 1.45% | No change | ₹41.6 Cr | 1,46,292 |
| Asian Energy Services LimitedASIANENE | 1.18% | — | New | ₹20.1 Cr | 5,74,000 |
Files under these names
These name variants are resolved to a single tracked entity at ingest time so no position is double-counted.
Disclosure: Holdings data is sourced from public regulatory filings (NSE/BSE Shareholding Pattern, SAST). This is not investment advice. Ashish Kacholia may have different risk capacity, cost bases, and holding periods. See our full disclaimer and methodology.
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