Mukul Agrawal, officially known as Mukul Mahavir Agrawal in corporate records, is a distinguished investor in India, renowned for his expertise in selecting micro and small-cap stocks with the potential for significant growth. He began his journey in the stock market in the late 1990s and has maintained a consistent investment strategy ever since. Here we take a look at Mukul Agrawal portfolio, Net worth, investing style, and more.
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Mukul Agrawal’s Investment Philosophy
Focus on Small and Micro-Cap Companies:
Agrawal specializes in investing in small and micro-cap stocks, which he believes have significant growth potential. He adopts a patient investment strategy, understanding that these companies may take years to realize their full potential. This long-term perspective allows him to capitalize on the growth trajectories of these businesses.
In-Depth Fundamental Analysis:
A critical aspect of Agrawal’s approach is conducting a comprehensive fundamental analysis. He emphasizes the importance of identifying a company’s competitive advantages (or “moats”) and evaluating the credibility of its management team. This rigorous analysis helps him make informed investment decisions based on a company’s underlying value rather than market speculation.
Calculated Risk-Taking:
Agrawal is known for his willingness to take calculated risks, particularly with penny stocks that have the potential to become multibaggers. His aggressive investment style is grounded in comprehensive research, allowing him to make informed decisions even in volatile market conditions.
Labeled the “New Star” of India’s stock market, Mukul Agarwal’s investment approach has yielded supernormal returns. As of September quarter 2024, the value of Mukul Agrawal portfolio stood at INR 6,992.51 crore. This includes only the companies where his shareholding exceeds 1%. Similarly, it excludes securities owned by his wife Madhulika Agarwal who also has a sizable portfolio.
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Mukul Agrawal Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| BSE Ltd. | 2,000,000 | 4,865.60 | 973.12 |
| Neuland Laboratories | 400,000 | 13,789.40 | 551.58 |
| Nuvama Wealth Management Ltd. | 500,000 | 7,135.00 | 356.75 |
| Radico Khaitan Ltd. | 1,400,083 | 2,337.75 | 327.30 |
| Strides Pharma Science Ltd. | 1,400,000 | 1,548.15 | 216.74 |
| Deepak Fertilisers & Petrochemicals Corporation Ltd. | 1,500,000 | 1,358.90 | 203.84 |
| Capacit’e Infraprojects Ltd. | 5,250,000 | 367.55 | 192.96 |
| PTC Industries Ltd. | 160,000 | 12,000.75 | 192.01 |
| Sarda Energy & Minerals Ltd. | 4,176,000 | 459.45 | 191.87 |
| PDS Ltd. | 3,393,874 | 542.85 | 184.24 |
| Raymond Lifestyle | 800,000 | 2,176.00 | 174.08 |
| Dishman Carbogen Amcis | 8,617,000 | 194.69 | 167.76 |
| MPS Ltd. | 762,457 | 2,098.00 | 159.96 |
| LT Foods Ltd. | 4,000,000 | 384.15 | 153.66 |
| Intellect Design Arena Ltd. | 2,000,000 | 765.05 | 153.01 |
| J Kumar Infraprojects | 2,000,000 | 753.70 | 150.74 |
| Pearl Global Industries Ltd. | 1,400,000 | 1,073.00 | 150.22 |
| Ethos Ltd. | 477,000 | 2,897.20 | 138.20 |
| Zota Healthcare Ltd. | 2,216,989 | 593.20 | 131.51 |
| Ceat Ltd. | 450,000 | 2,865.00 | 128.93 |
| ASM Technologies | 762,500 | 1,555.00 | 118.57 |
| KDDL Ltd. | 423,180 | 2,739.20 | 115.92 |
| Thomas Cook (India) | 5,000,060 | 195.59 | 97.80 |
| Kingfa Science & Technology (India) | 300,000 | 3,058.55 | 91.76 |
| Oriental Rail Infrastructure Ltd. | 3,400,000 | 258.85 | 88.01 |
| Lux Industries Ltd. | 442,100 | 1,981.20 | 87.59 |
| Sula Vineyards Ltd. | 2,000,000 | 426.10 | 85.22 |
| WPIL Ltd. | 1,300,000 | 640.00 | 83.20 |
| Indo Count Industries Ltd. | 2,325,000 | 356.45 | 82.87 |
| Apollo Pipes Ltd. | 1,500,000 | 514.05 | 77.11 |
| TAAL Enterprises Ltd. | 277,931 | 2,733.00 | 75.96 |
| Surya Roshni Ltd. | 1,100,000 | 686.00 | 75.46 |
| Allcargo Logistics Ltd. | 13,200,000 | 56.41 | 74.46 |
| Allcargo Gati Ltd. | 7,000,000 | 97.95 | 68.57 |
| Raghav Productivity Enhancers Ltd. | 356,148 | 1,610.00 | 57.34 |
| Arman Financial Services Ltd. | 400,000 | 1,420.25 | 56.81 |
| West Coast Paper Mills Ltd. | 1,000,000 | 550.00 | 55.00 |
| Sirca Paints India | 1,433,421 | 363.00 | 52.03 |
| Pix Transmissions | 300,000 | 1,665.85 | 49.98 |
| InfoBeans Technologies Ltd. | 1,121,478 | 441.80 | 49.55 |
| Suryoday Small Finance Bank Ltd. | 3,000,000 | 160.50 | 48.15 |
| Indian Metals & Ferro Alloys Ltd. | 600,000 | 791.45 | 47.49 |
| Dredging Corporation Of India Ltd. | 450,000 | 1,036.05 | 46.62 |
| Quick Heal Technologies Ltd. | 700,000 | 626.45 | 43.85 |
| Thejo Engineering | 180,000 | 2,400.30 | 43.21 |
| Stanley Lifestyles | 900,000 | 479.50 | 43.16 |
| Prakash Industries | 2,500,000 | 169.63 | 42.41 |
| Concord Control Systems Ltd. | 240,000 | 1,734.95 | 41.64 |
| Vidhi Specialty Food Ingredients Ltd. | 800,000 | 480.15 | 38.41 |
| Prakash Pipes Ltd. | 600,000 | 540.90 | 32.45 |
| Hind Rectifiers Ltd. | 238,026 | 1,190.90 | 28.35 |
| Jagsonpal Pharmaceuticals Ltd. | 463,023 | 595.00 | 27.55 |
| Vasa Denticity Ltd. | 410,000 | 618.00 | 25.34 |
| Transpek Industry | 118,578 | 1,638.55 | 19.43 |
| Tracxn Technologies | 2,000,000 | 82.30 | 16.46 |
| MITCON Consultancy & Engineering Services Ltd. | 495,773 | 127.90 | 6.34 |
Mukul Agrawal Portfolio
Mukul Agrawal portfolio is diverse, encompassing various sectors such as transport, logistics, textiles, chemicals, and media.
As of September 2024, Dr Mukul Agrawal’s investment portfolio has seen several changes compared to September 2023. Notably, his holding in Deepak Fertilisers & Petrochemicals Corporation is a new addition, valued at INR 203.84 crore, representing 1.2% of the total portfolio. This contrasts with Allcargo Logistics, which remains stable at INR 74.46 crore and 1.3%, showing no change from the previous year. Ceat Ltd. has decreased slightly; its holding value is now INR 125.93 crore, down from 1.2% to 1.1%.
Another significant change is observed in Dredging Corporation of India, which has decreased from 1.8% to 1.6%, with a holding value of INR 46.62 crore. Neuland Laboratories has maintained its position at INR 551.58 crore, accounting for 3.1%, which is consistent with its previous year’s of 3.3%. Meanwhile, MPS Ltd. remains stable at INR 159.96 crore, holding steady at 4.5%. Additionally, Zota Healthcare has seen a slight decrease from 8.4% to 8.1%, valued at INR 131.51 crore, indicating a minor reduction in its overall weight within the portfolio.
Overall, Dr Mukul Agrawal’s portfolio reflects a combination of stability in several holdings while also incorporating new investments and slight adjustments in others as he continues to navigate the market landscape between September 2023 and September 2024.
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Mukul Agrawal Net Worth
According to corporate reports filed for the September 2024 quarter, Mukul Agrawal net worth from the equity investments was around INR 6,992.51 crore. This net worth keeps changing based on stock price fluctuations.
BSE As of the article’s writing, Dr Mukul Agrawal net worth tied to the stock market was largely divided into 56 stocks with an average shareholding of INR 124.87 crore.
