Last updated on April 20, 2024
Sunil Singhania is among the top stock market investors in India with an impressive track record that is publicly available. Sunil graduated in commerce from Bombay University and completed his Chartered Accountancy from the ICAI, Delhi with an all-India rank. He has also obtained the CFA Institute’s Chartered Financial Analyst credentials. Here we take a look at Sunil Singhania net worth, portfolio, investing style, and more.
Sunil was the promoter of The Association of NSE Members of India; a body of stockbrokers. He also sat on the Standards and Practice Council of the CFA Institute, USA, for 6 years. Sunil was the founder of the Indian Association of Investment Professionals, the CFA India Society, and was its president for a continuous period of eight years.
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Sunil Singhania’s Investment Journey
Sunil Singhania is the founder of Abakkus Asset Manager LLP, an asset management firm focusing on India that he founded in 2018. The ace investor was previously Global Head of Equities at Reliance Capital Limited. He oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF, and offshore assets. As Chief Investment Officer of Equities, he led Reliance Mutual Fund (now Nippon India Mutual Fund) equity schemes to be rated among the best. Reliance Growth Fund grew over 100 times in less than 22 years under his leadership.
He also led Reliance Nippon Life Asset Management’s international efforts and was instrumental in launching India funds in Japan, South Korea, and the UK, besides managing mandates from institutional investors based in the US, Singapore, and other countries.
What is Abakkus Asset Manager?
Abakkus is an alpha-focused asset management firm managing over INR 15,500 crores in listed Indian equities. Abakkus is a professionally run asset manager with a highly experienced and able team that endeavors to generate alpha by strict adherence to processes, frameworks, and discipline.
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Sunil Singhania Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Mastek Ltd. | 968,325 | 2,680.00 | 259.5 |
| Route Mobile Ltd. | 1,536,450 | 1,533.25 | 235.6 |
| Shriram Pistons & Rings Ltd. | 1,000,000 | 2,049.00 | 204.9 |
| Dynamatic Technologies Ltd. | 199,728 | 8,335.15 | 166.5 |
| Sarda Energy & Minerals Ltd. | 7,458,629 | 223.00 | 166.3 |
| Ion Exchange (India) Ltd. | 2,929,860 | 541.90 | 158.8 |
| Carysil Ltd. | 1,544,474 | 935.95 | 144.6 |
| IIFL Securities Ltd. | 10,213,424 | 139.50 | 142.5 |
| Technocraft Industries (India) Ltd. | 618,024 | 2,249.00 | 139.0 |
| Jubilant Pharmova Ltd. | 1,909,849 | 666.50 | 127.3 |
| Hindware Home Innovation Ltd. | 3,218,841 | 394.00 | 126.8 |
| The Anup Engineering Ltd. | 378,685 | 3,333.95 | 126.3 |
| J Kumar Infraprojects Ltd. | 1,995,465 | 622.45 | 124.2 |
| HG Infra Engineering Ltd. | 936,723 | 1,022.00 | 95.7 |
| Rupa & Company Ltd. | 3,335,000 | 261.05 | 87.1 |
| Ethos Ltd. | 302,663 | 2,350.00 | 71.1 |
| Stylam Industries Ltd. | 423,790 | 1,669.00 | 70.7 |
| HIL Ltd. | 242,000 | 2,673.05 | 64.7 |
| Uniparts India Ltd. | 989,500 | 548.95 | 54.3 |
| DCM Shriram Industries Ltd. | 2,490,000 | 192.80 | 48.0 |
| PSP Projects Ltd. | 545,000 | 679.00 | 37.0 |
| ADF Foods Ltd. | 1,686,435 | 212.80 | 35.9 |
| Siyaram Silk Mills Ltd. | 722,654 | 474.15 | 34.3 |
| EMS Ltd. | 747,940 | 431.95 | 32.3 |
| TTK Healthcare Ltd. | 159,585 | 1,538.90 | 24.6 |
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Sunil Singhania’s Investment Philosophy
Sunil Singhania portfolio is based on the MEETS framework. The term MEETS stands for Management, Earnings, Events or Trends, Timing, and Structure. These individual elements of the philosophy are explained in detail here.
Management –
- Quality – Capability and track record
- Capital Allocation – capex is fine if ROE is maintained or enhanced
- Capital Distribution – fair to minority shareholders
- Error in decision – Business errors vs intentional mishaps
Earnings –
- Quality of earnings vs reported numbers
- Actual earnings vs expected
- Cyclical vs Structural earnings
- Companies that can double profits in 4 years or less or where EV/EBITDA can halve in four years
Events –
- Stock movement because of events
- Can be a Buy or Sell opportunity
- Events on the horizon
- Disruptive trends/New themes
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Timings –
- A good company is not necessarily a good investment if the price is not right
- What is the price discounting
- The time frame of investment
- Mean Reversion
Structure –
- Size of the opportunity
- Competitive positioning / MOAT
- Consistent growth in profits
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Sunil Singhania Net Worth
According to corporate reports filed for the March 2024 quarter, Sunil Singhania net worth from the equity investments was around INR 2,777.8 crore. Needless to say, this net worth keeps changing based on stock price fluctuations.
As of the date of writing this article, Sunil Singhania net worth tied to the stock market was largely divided into 25 stocks with an average shareholding of INR 111.1 crore.
