Update in October 2018 to Dolly Khanna Portfolio
Dolly Khanna has increased her holding in Rain Industries from 86 Lakh shares to 94 Lakh shares.
The value of the portfolio is down about 20% in the recent correction.
Radico Khaitan lost 31 per cent, followed by Butterfly Gandhimathi Appliances (down 28 per cent), Manappuram Finance (down 27 per cent), Asian Granito (down 27 per cent) and RSWM (down 25 per cent).
Some other stocks like Ruchira Papers, Selan Exploration, Srikalahasthi Pipes, Nilkamlal, PPAP Automotive and RSWM have lost between 5 per cent and 25 per cent.
The total portfolio value dropped 20 per cent between August 31 and October 4 according to a report in the ET.
Dolly Khanna Latest Portfolio 2018
The latest portfolio of Dolly Khanna and Rajiv Khanna as of 14th September 2018 is as follows. The portfolio includes stock bought in September 2018. We will update the portfolio on a regular basis for the benefit of her many fans who want full details of her latest multibagger buys and sales.
|Stock Name||CMP (Rs)||% Change||P/E Ratio||Nos of shares||Value of portfolio||% of Portfolio|
|Associated Alcohol and Breweries||322.45||1.14||19.92||1,84,798||₹5,95,88,115||1.05%|
|IFB Agro Industries||671.1||2.13||21.96||1,16,882||₹7,84,39,510||1.38%|
|TOTAL NET WORTH||₹568,11,77,420||100.00%|
Updates to Dolly Khanna Portfolio
3rd September 2018: The Annual Report of Shreyans Industries shows that Dolly Khanna holds 95767 shares as of 31st March 2018. The holding has increased from 10643 shares as of 1st April 2017.
10th September 2018: The Annual Report of I G Petrochemicals Limited shows that Dolly Khanna holds 2,21,871 shares as of 31st March 2018. The holding has increased from 1,87,695 shares as of 1st April 2017.
8th August 2018: Dolly Khanna bought 1,04,250 shares of Selan Exploration Technology at Rs. 244.03 in a Bulk Deal.
Selan Exploration Technology reported more than four-fold jump in net profit at Rs 142.5 million in June 2018 quarter. It had a profit of Rs 33.9 million in the same quarter last fiscal.
Latest stock picks of Dolly Khanna
Dolly Khanna’s portfolio has undergone a fair bit of churning in the June 2018 quarter.
She increased stake in Som Distilleries. Her latest stock picks in the June 2018 quarter are Muthoot Capital Services and Selan Exploration.
Dolly Khanna's portfolio has undergone a fair bit of churning in the quarter gone by. @RaoKarunya has the latest details on all the stocks Dolly Khanna's been loading up on. pic.twitter.com/SqUm5g2iFk
— ET NOW (@ETNOWlive) August 9, 2018
June % Holding
March % Holding
% Change in Holding
Som Distilleries & Breweries
Butterfly Gandhimathi Appliances
Asian Granito India
Portfolio activity in earlier quarters
Butterfly Gandhimathi Appliances was one of the earlier stock pick of Dolly Khanna. As of 31st December 2017 she held 2,25,928 shares in her portfolio. The holding was valued at Rs. 13.50 crore.
Butterfly Gandhimathi Appliances is engaged in the manufacture of consumer products like cookers etc. It has a very strong brand image and a large distribution network across the Country. The Company is expected to do well due to the growing affluence of the middle class.
Dolly was reported by ET Now to have bought 4 lakh shares in Prakash Industries in January 2018.
— ET NOW (@ETNOWlive) January 18, 2018
Rakesh Jhunjhunwala was holding 1.64 per cent stake in Prakash Industries as of December 31, 2017.
Mukul Agrawal was holding over 1 per cent stake in Prakash Industries.
ET NOW Exclusive: Prakash Industries
Rakesh Jhunjhunwala picks up 10 lk shares in company, buys shares in open market via block deals
— Karunya Rao (@RaoKarunya) August 24, 2017
Prakash Industries is said to be a beneficiary of the upturn in the steel cycle.
Increase in allocations to stocks in the portfolio in December 2017 Quarter
Dolly Khanna has increased the allocation to the existing stocks in her portfolio.
The allocation to Rain Industries has been increased heavily from 42,68,092 shares as of 30th September to 86,30,115 shares as of 31st December 2017.
The reason for the increase in allocation to Rain Industries is because the Company is expected to do well because of the high demand for its products.
Rain Industries is a multibagger with a return of 1000% over the past three years.
The allocation to GNFC (Gujarat Narmada Fertilizers Ltd), which had dipped below 1% in the September 2017 quarter has been increased to 16,00,292 shares in the December 2017.
GNFC is already a multibagger and is expected to do well owing to the demand for TDI and fertilizers. There is also anti-dumping duty applicable to TDI.
The allocation to IFB Agro has also been increased.
Reductions in allocations to stocks in the portfolio in December 2017 Quarter
There are a number of stocks which Dolly Khanna appears to have sold or reduced considerably.
These are the following stocks (in alphabetical order):
(i) Asian Granito India Ltd
(ii) Dhampur Sugar Mills Ltd
(iii) Dwarikesh Sugar Industries Ltd
(iv) Emkay Global Financial Services Ltd
(v) IFB Industries Ltd
(vi) Nilkamal Ltd
(vii) Nitin Spinners Ltd
(viii) PPAP Automotive Limited
(ix) RSWM Ltd
(x) Ruchira Papers Ltd
(xi) Srikalahasthi Pipes Limited
(xii) Sterling Tools Ltd
(xiii) Tata Metaliks Ltd
(xiv) Thirumalai Chemicals Ltd
Deletions from the portfolio
Three stocks appear to have been sold by Dolly Khanna because her name no longer appears in the list of major shareholders.
These stocks are Amarjothi Spinning Mills, LT Foods Limited and Shreyans Industries.
Dolly Khanna’s net worth stands at Rs. 955 crore as of the date of this article (25th January 2018).
Ace stock-picker Dolly Khanna is known to bet on lesser-known quality stocks that give multibagger returns. @Rao_Karunya gives in details! pic.twitter.com/88YTmfgrvZ
— ET NOW (@ETNOWlive) November 6, 2017
Update: 18th February 2018
According to a report in moneycontrol.com, nine stocks in the portfolio have given a gain in excess of 100%. Three stocks have given a gain excess of 200% while one stock has given a gain of 400%. Five stocks gave a flat return.
|Dolly Khanna Portfolio|
Dec quarter %age
|Sept quarter %age||
1 year Return
|Rain Industries Ltd.||2.57||2.04||405.47|
|Emkay Global Financial Services Ltd.||1.02||1.31||258.03|
|Butterfly Gandhimathi Appliances Ltd.||1.26||Entry in Dec||205.03|
|PPAP Automotive Ltd.||1.05||1.10||175.18|
|Thirumalai Chemicals Ltd.||1.63||1.73||142.69|
|IFB Industries Ltd.||1.03||1.05||141.29|
|Sterling Tools Ltd.||1.29||1.39||114.85|
|Tata Metaliks Ltd.||1.08||1.09||94.89|
|Gujarat Narmada Valley Fertilizers & Chemicals Ltd.||1.03||Entry in Dec||81.02|
|IFB Agro Industries Ltd.||1.27||1.14||57.67|
|Ruchira Papers Ltd.||1.67||1.70||47.36|
|Nitin Spinners Ltd.||1.13||1.40||32.11|
|Nandan Denim Ltd.||1.07||1.20||28.84|
|Srikalahasthi Pipes Ltd.||1.44||1.59||20.41|
|Manappuram Finance Ltd.||1.13||1.13||7.03|
|Dhampur Sugar Mills Ltd.||1.16||1.24||1.32|
|Dwarikesh Sugar Industries Ltd.||1.57||1.59||0.63|
Porinju Veliyath Latest Portfolio
Discussions on stocks held by Dolly Khanna in her portfolio (high-conviction picks)
(i) Rain Industries:
Rain Industries Limited, one of the leading producers of cement in South India was incorporated on 15th March 1974 under the name and style of Tadpatri Cements Limited. RCL is engaged in the manufacture and sale of Cement (under the brand ‘Priya Cement’) and Calcined Petroleum Coke (CPC) along with generation of Electricity. At present, Rain owns and operates 3 cement plants with a combined capacity of 3.2mn mtpa, 8 CPC plants with a capacity of 2.5mn mtpa. It has a number of impressive expansion plans on the anvil.
(ii) Shreyans Industries:
Shreyans Industries was promoted by Vardhaman Spinning and General Mills in 1979 to set up a 30-tpd paper project. A second-hand paper making machine from Belgium was imported for the purpose. Gradually, the operations of the company at its paper division at Ahmedgarh were expanded and modernised at regular intervals to the present capacity of about 70-tpd. The company also set up a cotton spinning unit with an installed capacity of 25,000 spindles. It has the status of an Export House.
(iii) Additions to portfolio as of 31st March 2017: Visaka Industries and IG Petro:
Dolly Khanna is shown as owning shares of Visaka Industries and IG Petro as of 31st March 2017.
However, her holding as of 30th June 2017 cannot be ascertained.
(iii) Increase in existing holdings:
In addition, she increased her holding in Dwarikesh Sugar from 1.18 per cent as of March 31, 2017 to 1.49 per cent as of June 30, 2017.
She also bought shares in LT Foods, Nahar Industrial, Nitin Spinners, NOCIL, RSWM, Ruchira Papers and Tata Metaliks.
(iv) Decrease in existing holdings:
Dolly has either sold off her holdings in
Lloyd Electric (LEEL)
R. S. Software
or reduced them below the statutory percentage of 1% required for reporting purposes.
Historical Data Of January to March 2017 quarter
In the January to March 2017 quarter, Dolly Khanna has bought the following stocks:
(i) Asian Granito India Ltd
Asian Granito India Ltd has an industrial undertaking for manufacturing vitrified tiles at Dalpur village, Sabarkantha district, Gujarat. The Promoters have considerable experience in the manufacture of ceramic floor tiles and under the brand `ASIAN TILES’. The company has set up first facility for manufacturing vitrified tiles with a production capacity of 4000 square meters per day (33,580 metric tonnes per annum) and started commercial production from October 2003. As the company has reached optimum capacity utilization within a period of nine to ten months, company expanded the production facility by installing a second manufacturing line and commenced commercial production from the second line in January 2005. After installation of this second line the capacity of the plant increased to 9000 square meters per day (75,500 metric tonnes per annum). The company was the first manufacturers in India to produce slab vitrified tiles of 905mm x 905mm. By October 2005, the company has again reached optimum capacity utilization and planned to install a third manufacturing line and commenced commercial production from the third line in July 2006. Thus, after this expansion, the installed capacity of the plant has become 14,000 square meters per day (117,500 metric tonnes per annum). In March 2006, the company has acquired approximately 100% equity shares of Subsidiary, Asian Tiles Limited, to make it a wholly owned subsidiary.
(ii) LT Foods Ltd (DAAWAT)
LT Foods Ltd is engaged in the manufacture and sale of rice under the brand DAAWAT. They also manufacture and market parboiled rice. Their product is marketed in more than 50 countries. The company’s brand portfolio includes DAAWAT Traditional Basmati Rice, DAAWAT Biryani Basmati Rice, DAAWAT Pulav Basmati Rice, DAAWAT Super Basmati Rice and DAAWAT Rozana. Their product portfolio also includes brown rice, white rice, steamed rice, parboiled rice and organic rice. Their product range includes Select, Gold Basmati Rice, Super, Chef’s Secretz, Rozana, Devaaya Basmati Rice, Brown Rice, and Heritage.
The company, together with their subsidiary companies, is embarking on new food products like Fast Cooking Brown Rice, Rice Cakes, Rice Chips and several rice based snacks. The company is also exploring other segments in the food industry in addition to contemplating line extensions in order to pursue sustainable growth.
(iii) Dhampur Sugar Mills Ltd
Dhampur Sugar Mills Ltd has a sugar unit at Dhampur (12 lac tca of cane), a sugar unit at Mansurpur (5 lac tca of cane), a paper unit at Sikandrabad (50 tpd), a unit of DSM Chemicals at Dhampur and a straw board unit. DSML adopted the conventional double sulphitation process for the clarification of juice, with gravity flow layout. The Dhampur sugar unit acquired the distinction of being the first sugar unit in the private sector to generate surplus power from co-generation and supply the same to the state grid. Its Asmoli unit is under implementation.
(iv) Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)
Gujarat Narmada Valley Fertilizers Company Ltd is one of the leading companies in the fertilizer industry in India. GNFC distributes nitrogenous and phosphatic fertilizers like urea, ammonium nitro phosphate (ANP) and calcium ammonium nitrate (CAN), and chemicals like ammonia, weak nitric acid, concentrated nitric acid, methanol, acetic acid, formic acid, aniline, toluene di-isocyanate (TDI) and various services in the area of Information Technology.
GNFC continues to trade in imported fertilizers like CAP, muriate of potash (MOP), single super phosphate (SSP), urea and chemicals like acetic acid and methanol. The company operates in three segments, namely fertilizers, chemicals and others. The others segment includes information technology (IT) division’s activities. They are having their manufacturing facilities located at Bharuch in Gujarat. The company is carrying out the activities of information technology at Ahmedabad in Gujarat.
(v) IFB Industries Ltd
IFB Industries Ltd is engaged in manufacturing and marketing engineering products. They operate in three segments, namely engineering, home appliance and others. The engineering divisions are located at Kolkata and Bangalore. The company’s product range includes fine blanked components, tools and related machines tools, such straighteners, decoilers, strip loaders and others. They also provide household appliances, including washing machines, dryers, microwave ovens, and dishwashers. In addition, IFB Industries Ltd manufactures motors for white goods and automotive applications.
(vi) Nahar Industrial Enterprises Ltd
Nahar Industrial Enterprises is engaged in manufacturing paper at its writing and printing paper manufacturing unit and vanaspati ghee. It is also engaged in running a spinning unit at industrial focal point, phase-VIII. It has also finalised an expansion scheme by installing additional 80 Nos Picanol Airjet Looms at a total cost of Rs 36.95 crs.
(vii) Tata Metaliks Ltd
Tata Metaliks Ltd has gradually transformed itself from a loss making and heavily indebted pure commodity company manufacturing only pig iron to a financially sound, cost efficient and fast growing niche product player with value added production of DI pipes. DI segment is growing rapidly and offers substantially higher value added proposition with attractive returns and payback potential.
Tata Metaliks Ltd has left behind its past mistakes of expanding its pig iron business geographically and burning its hands in the last downturn. The company has since evolved and invested in (i) forward integration into value added DI pipes and steadily ramping up its production to become profitable in both businesses, (ii) shutting down its unviable pig iron unit (Redi plant) on the Goa-Maharashtra border, iii) investing in operating efficiency projects continuously to drive significant cost savings, iv) generating positive as well as growing earnings over the last three years and turning its net worth from negative to positive territory, and v) generating free cash flows to bring down debt from astronomical levels to more manageable levels. By implementing above actions over the last three to four years, Tata Metaliks Ltd has remarkably turned around its profitability and return ratios and geared itself for an exciting growth journey over the next decade.
Increase In Holding By Dolly Khanna
Dolly Has Increased Her Holding In The Following Stocks:
(i) Adf Foods Ltd
(ii) Dai Ichi Karkaria Ltd
(iii) Dwarikesh Sugar Industries Ltd
(iv) Emkay Global Financial Services Ltd
(v) Ifb Agro Industries Ltd
(vi) Manappuram Finance Ltd
(vii) Nilkamal Ltd
(viii) Nitin Spinners Ltd
(ix) Rswm Ltd
(x) Ruchira Papers Ltd
(xi) Srikalahasthi Pipes Limited
(xii) Sterling Tools Ltd
(xiii) Trident Ltd
Sales By Dolly Khanna
Dolly has sold the following stock and exited the counter:
(i) Lloyd Electric & Engineering Ltd
Decrease in holding by Dolly Khanna
Dolly has reduced her holding in Nandan Denim Limited.
Earlier purchases of Dolly Khanna in September to December 2016 quarter
Dolly Khanna had in the September to December 2016 quarter bought stock in Loyal Textiles, Mannapuram Finance and Panama Petrochem. Are these stocks going to become multibaggers?
Why Dolly Khanna bought Panama Petrochem
Panama Petrochem Ltd is one of the leading manufacturers and exporters of petroleum specialty products and has consistently provided quality services since 1975. Panama Petrochem Ltd has four manufacturing units in India namely in Ankleshwar (Gujarat), Daman (Union Territory), Dahej (Gujarat, SEZ) and Taloja (Dist. Raigadh) having infrastructure, with state-of-the-art technology and storing capacities. Panama Petrochem is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
INFRASTRUCTURE AND R&D
Panama Petrochem Ltd, has four manufacturing units in India with a state of art technology and facilities located at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).
The plant at Dahej is a fully computerised plant built on DCS/PLC systems to meet international quality and manufacturing standards. Ankleshwar plant has a fully equipped and DSIR approved R&D centre.
Panama Petrochem Ltd, also has unfolded its range of manufacturing facilities through establishment of Panol Industries RMC, FZE a wholly owned subsidiary of the Company situated at Ras Al Khaimah, UAE. The company caters to the GCC and MENA regions and enjoys logistic advantage as it is situated on the port and has direct dedicated pipeline arrangements.
By exploring international markets, Panama Petrochem Ltd. continuously aims to bring about a rise in the exports. Petroleum Jelly, Liquid Paraffin, Transformer Oil, Rubber Process Oil and variety of other products are exported to different countries like USA, UK, Europe, Middle East, Australia, African Sub-continent and South East Asia etc.
Why Dolly Khanna bought Loyal Textiles?
Loyal Textiles, one of the largest manufacturers of yarn, fabrics, garments, home textiles and organic products in India. ISO 9002:2008 certified, with an annual turnover to the tune of Rs.1,500 Cr (US$ 225 Million), with exports to almost every continent, and many firsts in the textile domain to its credit, Loyal Textiles is today widely recognized as a leader in its league. From modest beginnings in 1956 as a spinning and weaving mill, Loyal Textiles has evolved with the times to occupy a leadership position today. Even as the group continues to grow from strength to strength, Loyal textiles continues to be guided by an unwavering commitment to be of value to everyone: stakeholders, customers, employees and society at large.
Why Dolly Khanna bought Manappuram Finance
Manappuram Finance Ltd (BSE: 531213) or MAFIL is a non-banking financial company (NBFCs) situated in Valapad, Thrissur, Kerala state. Manappuram has over 3200+ branches across 25 states, a staff strength of over 15,000+ people.
The company was founded in 1949 by late V.C.Padmanabhan in Thrissur District. The company commenced its operations at Valapad, mainly with money lending activity on a very modest scale. The group’s flagship company, MAGFIL, was established in 1992 in the wake of economic reforms launched by the Government of India. Manappuram’s origins go back to 1949 when it was founded in Valapad (a coastal village in the Thrissur District of Kerala) by the late V.C. Padmanabhan, father of Nandakumar. Its activity was mainly pawn broking and money lending carried out on a modest scale.
Soon after it commenced its operations, Manappuram Finance Limited gathered several “firsts” to its credit. The company was the First NBFC in Kerala to receive a Certificate of Registration issued by the RBI. It was the first Kerala based NBFC to get a Credit Rating in 1995 of “MA” (current rating MA+) from ICRA, recognising the company’s ability to make timely repayments of the principal and interest under its then existing public deposits programme. Manappuram Finance was one of the very first NBFCs from Kerala to go for a Public Issue of its shares in 1995. In fact, the company has been consistently making profits and consistently paying dividends from the very first full year of operations.
The company was also the first NBFC from Kerala to issue bonus shares in the ratio of 1:1 in 2007 and then, repeat the feat twice, in 2010 and in 2011 (making it three such instances in five years). Moreover, in 2007, Manappuram Finance Ltd became the first Kerala based NBFC to receive foreign Investment from FIIs, and also get the highest short term credit rating of A1+ from ICRA. In 2010, it became the very first Kerala-based company to offer ESOPs (Employee Stock Option Plan) to its middle and senior management functionaries. In April 2011, it became only the second listed company from Kerala to have its shares traded in the “A-Group” at the Bombay stock exchange.