Ashish Kacholia is one of the most widely followed ace investors. He is known for letting his portfolio speak for itself and has recently built a reputation for being the “whiz-kid” of stock markets. However, he has reduced his stake in two stocks:
Shaily Engineering and Plastics
Ashish Kacholia held 5,99,696 shares or a 6.54 percent stake in the company as of the January to March quarter of FY23 (Q4FY23), however, he reduced his stake to 5.55 percent or 5,08,696 shares, as of the March to June quarter (Q1FY24).
Shaily Engineering is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM). The company’s share price declined by 24.31 percent in the past year.
With a market capitalization of ₹ 1,357 crores, Shaily Engineering is a small-cap company. It has a low return on equity of 9.15 percent but an ideal debt-to-equity ratio of 0.47. Its shares were trading at a price-to-earnings ratio (P/E) of 38.59, which is significantly higher than the
industry P/E of 26.24, indicating that the stock might be overvalued as compared to its peers.
United Drilling Tools
Ashish Kacholia held 5,70,817 shares or a 2.81 percent stake in the company as of the January to March quarter of FY23 (Q4FY23), however, his name did not appear in the shareholding pattern as of the March to June quarter (Q1FY24), indicating that he has reduced his shareholding to below 1 percent.
Companies have to disclose the names of those shareholders who hold more than a 1 percent stake in them. Therefore, companies do not disclose the name of those shareholders who hold less than a 1 percent stake.
United Drilling Tools is a leading manufacturer of oil drilling-related equipment in India. The company has obtained Global quality standards for its major products. Its share price declined by 47.67 percent in the past year.
With a market capitalization of ₹ 409 crores, United Drilling Tools is a small-cap company. It has a low return on equity of 4.22 percent but an ideal debt-to-equity ratio of 0.02. Its shares were trading at a price-to-earnings ratio (P/E) of 39.94 and it has a dividend yield of 0.89 percent.
Written by Simran Bafna
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