Ashish Kacholia
LegendaryIndividual 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.
31
Holdings (Q-o-Q)
₹1.58k Cr
Disclosed value
+3
Adds this quarter
−7
Trims this quarter
Latest disclosure: Mar 2026 · Top-5 concentration 27.91%
Quarterly trajectory
2 fewer holdings vs prior quarter · 3 adds / 7 trims this quarter · -4 net holdings over 4 quarters
| Quarter | Holdings | Adds | Trims | Portfolio value | |
|---|---|---|---|---|---|
| ▾ | Mar 2026 | 31 | +3 | −7 | ₹1.58k Cr |
vs Dec 2025 Total portfolio: ₹1.58k Cr New additions Fineotex Chemical LimitedFCL +2.58% ₹57.7 Cr Below 1% (not in SHP) Brand Concepts LimitedBCONCEPTS < 1% · was 1.44% ₹6.3 Cr Sanjivani Paranteral Ltd < 1% · was 3.01% ₹8.4 Cr Texel Industries Ltd < 1% · was 7.42% ₹8.7 Cr Increased Aeroflex Industries LimitedAEROFLEX 2.01% → 2.27% ₹71.8 Cr SG Finserve LimitedSGFIN 1.14% → 2.37% ₹64.0 Cr Decreased Advait Energy Transitions LimitedADVAIT 2.06% → 1.83% ₹33.8 Cr Beta Drugs LimitedBETA 5.78% → 5.76% ₹69.4 Cr Walchandnagar Industries LimitedWALCHANNAG 2.06% → 1.54% ₹13.8 Cr Yasho Industries LimitedYASHO 3.81% → 2.27% ₹34.5 Cr | |||||
| ▸ | Dec 2025 | 33 | +5 | −3 | ₹1.85k Cr |
| ▸ | Sep 2025 | 33 | +3 | −8 | ₹1.80k Cr |
| ▸ | Jun 2025 | 35 | +35 | — | ₹1.85k 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
Mar 2026 disclosure · 31 stocks ≥1% · ₹1.58k Cr total
Value = shares × quarter-end close. QoQ compares stake % vs prior quarter.
| Stock | Stake | Prior stake | QoQ | Value (₹ Cr) | Shares |
|---|---|---|---|---|---|
| Beta Drugs Limited BETA | 5.76% | 5.78% | -0.02pp | ₹69.4 Cr | 5,83,800 |
| Faze Three Limited FAZE3Q | 5.42% | 5.42% | No change | ₹49.8 Cr | 13,17,554 |
| Dhabriya Polywood Ltd | 5.32% | 5.32% | No change | ₹16.5 Cr | 5,76,347 |
| Qualitek Labs Ltd | 4.35% | 4.35% | No change | ₹15.6 Cr | 5,06,400 |
| Agarwal Industrial Corporation Limited AGARIND | 4.33% | 4.33% | No change | ₹23.5 Cr | 6,47,977 |
| Aelea Commodities Ltd | 4.29% | 4.29% | No change | ₹9.6 Cr | 8,73,600 |
| Inflame Appliances Ltd | 4.11% | 4.11% | No change | ₹7.2 Cr | 3,08,000 |
| Xpro India Limited XPROINDIA | 3.91% | 3.91% | No change | ₹93.0 Cr | 9,18,550 |
| CARYSIL LIMITED CARYSIL | 3.52% | 3.52% | No change | ₹75.3 Cr | 10,00,000 |
| Shree Refrigerations Ltd | 3.42% | 3.42% | No change | ₹21.1 Cr | 12,19,513 |
| Shaily Engineering Plastics Limited | 3.22% | 3.22% | No change | ₹308.3 Cr | 14,78,980 |
| Man Industries (India) Limited MANINDS | 3.04% | 3.04% | No change | ₹72.5 Cr | 22,77,029 |
| Adcounty Media India Ltd | 2.92% | 2.92% | No change | ₹6.6 Cr | 6,56,000 |
| Knowledge Marine & Engineering Works Limited | 2.89% | 2.89% | No change | ₹103.4 Cr | 7,05,264 |
| Fineotex Chemical Limited FCL | 2.58% | — | New | ₹57.7 Cr | 3,00,05,680 |
| INDO SMC Ltd | 2.46% | 2.46% | No change | ₹8.2 Cr | 5,61,405 |
| SG Finserve Limited SGFIN | 2.37% | 1.14% | +1.23pp | ₹64.0 Cr | 15,44,009 |
| Gujarat Apollo Industries Limited GUJAPOLLO | 2.29% | 2.29% | No change | ₹11.8 Cr | 2,97,056 |
| Aeroflex Industries Limited AEROFLEX | 2.27% | 2.01% | +0.26pp | ₹71.8 Cr | 30,08,589 |
| Yasho Industries Limited YASHO | 2.27% | 3.81% | -1.54pp | ₹34.5 Cr | 2,74,140 |
| Zaggle Prepaid Ocean Services Limited ZAGGLE | 2.23% | 2.23% | No change | ₹56.3 Cr | 30,03,356 |
| Thomas Scott (India) Limited THOMASCOTT | 2.10% | 2.10% | No change | ₹7.2 Cr | 3,07,539 |
| Bharat Parenterals Ltd | 1.87% | 1.87% | No change | ₹11.6 Cr | 1,29,018 |
| Safari Industries (India) Limited | 1.84% | 1.84% | No change | ₹128.8 Cr | 9,00,000 |
| Advait Energy Transitions Limited ADVAIT | 1.83% | 2.06% | -0.23pp | ₹33.8 Cr | 2,00,000 |
| Stove Kraft Limited STOVEKRAFT | 1.74% | 1.74% | No change | ₹26.2 Cr | 5,76,916 |
| TANFAC Industries Ltd | 1.71% | 1.71% | No change | ₹63.9 Cr | 3,40,918 |
| Balu Forge Industries Limited BALUFORGE | 1.64% | 1.64% | No change | ₹73.0 Cr | 18,90,933 |
| Walchandnagar Industries Limited WALCHANNAG | 1.54% | 2.06% | -0.52pp | ₹13.8 Cr | 10,45,385 |
| Vikran Engineering Limited VIKRAN | 1.52% | 1.52% | No change | ₹20.4 Cr | 39,30,060 |
| Concord Control Systems Ltd | 1.45% | 1.45% | No change | ₹27.8 Cr | 1,46,292 |
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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