Hi, I have been investing for 5 years now, and my portfolio is below.
Any questions, comments, feedback, or criticism is allowed and appreciated.
This mainly captures successful investments. But I have made stupid mistakes, FOMO’d, gotten greedy.
It’s all a part of the game, as long as we are learning and actively trying not to make the same mistakes again.
In the interest of transparency, I have lost good money on stocks like Tejas, Netweb, Josts Engineering, Zaggle, Rategain, etc.
Many of these were good companies, but I either entered late (and in greed/FOMO) or did not have a disciplined exit. I have also earned good returns in companies like Olectra, Balaji Amines, etc. which are no longer a part of the portfolio. I generally do not like to remove winners from the portfolio entirely, but due to better opportunities or a change in my thesis, it is sometimes necessary to.
Disclaimer: I may exit any of the companies or take new positions and not mention it here,
so please do your own due diligence before making any investments.
Would love your feedback and thoughts.
| Company | Weightage | % Gain/Loss | Thesis |
|---|---|---|---|
| Bharat Electronics | 6.8% | 305.02% | Strongest names in Defence sector, will benefit from tailwinds and exports will further strengthen order book. |
| Hindustan Aeron | 6.59% | 749.8% | Same as above – core defence play with export momentum. |
| TD Power Systems | 5.77% | 30.63% | Proxy for AI boom (gas-powered plants) and intermittent energy storage/grid stabilization. |
| Axiscades Tech. | 5.54% | 80.79% | Becoming a CRDMO for Defence, many JVs and collaborations. |
| Frontier Springs | 4.51% | 70.19% | Tie-up with Continental + Govt capex in railways. |
| Interarch Building | 4.26% | 51.31% | PEB is nascent in India — huge tailwinds from infra capex. One of only 3 serious players. |
| Danish Power | 3.88% | 29.5% | Missed TARIL and Shilchar. Bullish on T&D. Strong order book and financials. |
| Housing & Urban Dev. | 3.77% | 274.62% | Benefiting from RBI’s new infra financing rules. Might exit soon. |
| Acutaas Chemicals | 3.01% | -1.22% | Shift towards CDMO, battery and semi chemicals. Underperforming now — likely temporary. |
| PG Electroplast | 2.92% | 130.86% | EMS boom + one of India’s few AC compressor players — could gain from import restrictions. |
| Aditya Birla Capital | 2.92% | 52.04% | Amalgamation + good valuation + RBI tailwinds. |
| Aarti Pharmalabs | 2.9% | 26.54% | CDMO tailwinds. |
| Samhi Hotels | 2.89% | 12.51% | Undervalued vs listed peers. Strong growth in biz travel. |
| Jubilant Pharmova | 2.87% | 19.75% | CDMO play + U.S. mfg capabilities. |
| Zinka Logistics | 2.84% | -5.46% | Organizing a fragmented space. Monetization potential in logistics-tech. |
| NTPC | 2.83% | 7.03% | Energy transition theme. |
| Eternal | 2.82% | 381.58% | Quick commerce & food delivery proxy. Bought between ₹50–60. |
| Arvind Fashions | 2.71% | 23.41% | Strong brands + good valuation + improving financials. |
| Tata Power | 2.62% | 78.5% | Long-term energy transition compounder. |
| Blue Jet Healthcare | 2.41% | 22.88% | CDMO export tailwinds post BA approvals. |
| Hindustan Copper | 2.37% | -18.79% | Bullish on copper but unsure if this is the best way to play it. |
| Jio Financial Services | 2.2% | 20.06% | BlackRock + Reliance optionality — pure thematic bet. |
| Praj Industries | 1.98% | 25.06% | Disappointed by delays, but solid book and overseas potential. |
| Varun Beverages | 1.92% | 72.35% | Strong execution. Watch out for HCCB listing and Campa Cola aggression. |
| Ceinsys Tech | 1.8% | -19.25% | High potential, but needs WC discipline and better execution. |
| JM Financial | 1.76% | 20.94% | Structural reset underway + cheap valuation. |
| HCG | 1.72% | 8% | Cancer care growth + KKR’s healthcare track record. |
| Vimta Labs | 1.68% | -4.77% | Will benefit from rising India-based mfg activity. |
| VA Tech Wabag | 1.68% | 15.57% | Water theme — strong long-term potential. |
| HDFC Bank | 1.64% | 14.99% | Token banking position — has been a drag. |
| BLS International | 1.61% | -12.96% | Duopolistic space, excellent return ratios, cash-rich. |
| Techno Electric | 1.34% | -2.03% | Data center energy infrastructure theme. |
| Privi Speciality | 1.34% | 4.68% | JV with Givaudan + strong product portfolio. |
| Power Finance Corp | 1.1% | -13.22% | Financing India’s energy infra + cheap valuation. |
| Embassy Developments | 0.93% | -17.76% | [No thesis provided yet] |
Ultimately, with this level of diversification, meaningful returns will be hard to come by — position sizes need to move toward 8–10% for the high-conviction ideas.