In the world of stock market investments, seasoned investors often capture the spotlight with their strategic moves. Among these brilliant minds, Ashish Kacholia stands out as a prominent figure known for his wise investment decisions.
As of December 2023, Kacholia has once again made waves in the financial landscape by adding new stocks to his portfolio. Investors and enthusiasts alike are eager to analyse and understand the rationale behind his latest moves, seeking insights into potential market trends and opportunities.
In this article, we explore the details of Ashish Kacholia’s recent stock choices, exploring the potential implications for the broader market and offering readers a closer look at the investment strategy of this influential investor.
SG Finserve Limited
Incorporated in 1994, SG Finserve, formerly known as Moongipa Securities Limited, is a Non-banking Finance Company (NBFC). The company offers financial services and provides a wide range of services associated with brokerage, online trading, wealth management, investment research, distribution, and investment banking and insurance, operating within India.
As of December 2023, Kacholia bought fresh stakes of 6,28,366 equity shares in the company, which is nearly 1.12 percent of the equity stake in SG Finserve Limited worth Rs. 31.8 crore.
The company’s share price moved up by 4.39 percent on January 25 at Rs. 529.00, compared to its previous closing price of Rs. 506.75. It has delivered negative returns of over 6.42 percent in the last six months, whereas nearly 4.3 percent in the last one year. So far in 2024, it has given positive returns of around 8.2 percent.
In terms of financials, as of the September 2023 quarter the company has a net profit margin (TTM) of 43.4 percent, with a market cap of Rs. 2,785 crore and has delivered good profit growth of 99.0 percent CAGR over the last 5 years.
The revenue from operations increased by 321.3 percent from Rs. 12.5 crore in Q3 FY22-23 to Rs. 52.5 crore in Q3 FY23-24, accompanied by an increase in net profit by 369.7 percent from Rs. 4.6 crore to Rs. 21.7 crore in the same period.
The Promoters’ holding remains unchanged at 47.8 percent since the last two quarters of December 2023, however, FII has increased holdings from 0.14 percent in the September 2023 quarter to 0.20 percent in the December 2023 quarter.
Tanfac Industries Limited
The ace investor bought fresh stakes in Tanfac Industries of 1,18,229 equity shares, which is around 1.2 percent of the equity stake in Tanfac Industries worth Rs. 25.6 crore.
Tanfac Industries’ share price gained above 1.26 percent at Rs. 2,196.8 on January 25. With a market cap of Rs. 2,164 crore, it opened at Rs. 2,188.95 compared to its previous closing price of Rs. 2,169.30.
It has given over 20.4 percent returns in the last six months and nearly 91.33 percent in the last one year, whereas, so far in 2024, the returns delivered negative returns of more than 12.7 percent.
While the company has a net profit margin TTM of 15.9 percent as of the December 2023 quarter, the revenue from operations grew by 17.11 percent from Rs. 320 crore in FY22-23 to Rs. 375 crore in FY23-24, accompanied by an increase in the net profits by 5.3 percent from Rs. 53 crore in FY21-22 to Rs. 56 crore in FY22-23.
Incorporated in 1972, Tanfac Industries Ltd. is a joint-sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO).
The company is amongst the leading producers of Hydrofluoric Acid and its derivatives.
Brand Concepts Limited
With a market cap of Rs. 901 crore and a net profit margin (TTM) of 5.4 percent as of the September 2023 quarter, Ashish Kacholia bought fresh stake of 1,60,093 equity shares or 1.44 percent of the equity stake in Brand Concepts Ltd. worth Rs. 13.6 crore.
The company’s revenue from operations grew by 55.9 percent on a year-on-year basis to Rs. 69.1 crore in Q2 FY23-24 from Rs. 44.3 crore in Q2 FY22-23, accompanied by an increase in net profit by 22.9 percent on a YoY basis from Rs. 3.04 crore to Rs. 3.71 crore in the same period.
The share price of Brand Concepts Ltd. moved up by 3.1 percent at Rs. 877.90 on January 25 and opened at Rs. 859.50 from its previous close of Rs. 851.45. The company has given over 144.5 percent returns in the past six months and nearly 208.8 percent in the last one year. So far, it has yielded returns of more than 10.2 percent in 2024.
On January 19 this year, the company hit a new all-time high at Rs. 904, after three days of receiving an Intimation for Renewal of Distribution & License Agreement with PVH Arvind Fashion Private Limited for the Brand name “Tommy Hilfiger”.
While the Promoters have decreased holdings from 51.24 percent in the September 2023 quarter to 48.81 percent in the December 2023 quarter, DIIs have increased holdings from 1.18 percent to 2.48 percent in the same period.
Incorporated in 2007, Brand Concepts is an Indore-based company which specialises in the manufacturing of bags, backpacks & fashion accessories for the Indian and International markets. The Company had its IPO in January 2018 and was listed on the SME exchange.
Updater Services Ltd.
Ashish Kacholia bough new 13,05,000 equity shares, which is around 2.0 percent of the equity stake in Updater Services worth Rs. 43.9 crore.
Updater Services’ share price gained around 2.26 percent on January 25 to Rs. 343.70. With a market cap of Rs. 2,164 crore, it opened at Rs. 341.5 compared to its previous closing price of Rs. 336.10.
It has given over 19.5 percent returns in the last one year, whereas, so far in 2024, the returns delivered positive returns of more than 4.1 percent.
While the company has a net profit margin TTM of 1.7 percent as of the September 2023 quarter, the revenue from operations grew by 17.3 percent from Rs. 516.5 crore in Q2 FY22-23 to Rs. 606 crore in Q2 FY23-24, accompanied by an increase in the net profits by 0.5 percent from Rs. 9.9 crore in FY22-23 to Rs. 10 crore in FY23-24.
Written by Shivani Singh
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