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Mukul Agrawal Portfolio: Latest Holdings

As per shareholding filings for the quarter ended 30 September 2026, Mukul Agrawal publicly holds 78 stocks with stakes of 1% or more, worth about ₹8,756 Cr at current prices. 10 are new this quarter, the stake was raised in 2 and cut in 6.

  • Holdings: Sep 2026 quarter filings
  • Prices as of 22 Oct 2026
  • Only stakes of 1% or more are disclosed
  • Also filed as "Mukul Agarwal"
Disclosed holdings value
₹8,756Cr
Stocks held (1%+)
78
New this quarter
10
Stake raised / cut
2 / 6
Largest holding
10.6%ASM Technologies

What changed in the Sep 2026 quarter

New buys (10)

  • ESDS Software Solution6.0% stake
  • Manipal Payment and Identity2.5% stake
  • Tega Industries1.3% stake
  • Poojaa Precision Engineering5.1% stake
  • Purple Style Labs1.3% stake
  • Anawil Wire Engineering3.1% stake
  • Recode Studios5.6% stake
  • Apsis Aerocom1.2% stake
  • Innomet Advanced Materials1.7% stake
  • Safety Controls Devices2.7% stake

Stake raised (2)

Stake cut (6)

Fell below 1% (3)

  • Vidhi Specialty Food Ingredientswas 1.4%
  • Kirloskar Ferrous Industrieswas 1.2%
  • Raymond Lifestylewas 1.2%

Below 1% a stake drops out of filings, so a partial sale and a full exit can look the same.

All 78 holdings

Sort by
Stocks in which Mukul Agrawal holds 1% or more, September 2026 quarter
StockStake (Sep 26)Change vs Jun 26Shares heldValue (₹ Cr)% of portfolioTry in Kalpi
ASM Technologies10.3%No change15,00,000925.810.6%Backtest ASM Technologies
ESDS Software Solution6.0%New70,32,960911.810.4%Backtest ESDS Software Solution
Neuland Laboratories3.1%No change4,00,000757.48.6%Backtest Neuland Laboratories
Nuvama Wealth1.4%No change25,00,000417.44.8%Backtest Nuvama Wealth
PTC Industries1.1%No change1,60,000395.94.5%Backtest PTC Industries
Zota Healthcare7.3%No change25,18,489320.63.7%Backtest Zota Healthcare
Jammu & Kashmir Bank1.5%No change1,65,00,000222.92.5%Backtest Jammu & Kashmir Bank
Kingfa Science2.2%No change3,00,000196.02.2%Backtest Kingfa Science
Sarda Energy & Minerals1.1%No change40,00,000182.52.1%Backtest Sarda Energy & Minerals
Manipal Payment and Identity2.5%New58,31,220179.92.1%Backtest Manipal Payment and Identity
Tega Industries1.3%New10,00,000177.12.0%Backtest Tega Industries
Deepak Fertilisers1.2%No change15,00,000176.82.0%Backtest Deepak Fertilisers
MPS4.5%No change7,62,457176.42.0%Backtest MPS
Zelio E-Mobility7.3%No change15,33,000159.51.8%Backtest Zelio E-Mobility
KDDL3.4%No change4,23,180154.91.8%Backtest KDDL
LT Foods1.1%No change39,00,000150.21.7%Backtest LT Foods
Sudeep Pharma1.3%No change15,00,117144.31.6%Backtest Sudeep Pharma
Concord Control Systems5.6%No change5,77,667144.21.6%Backtest Concord Control Systems
TAAL Tech8.9%No change13,89,655122.81.4%Backtest TAAL Tech
Indo Count1.5%No change30,00,000121.71.4%Backtest Indo Count
Dishman Carbogen5.5%No change86,17,000120.71.4%Backtest Dishman Carbogen
PDS2.4%No change33,62,589111.81.3%Backtest PDS
Strides Pharma1.1%No change10,28,750102.71.2%Backtest Strides Pharma
Yatharth Hospital1.1%No change11,00,000101.31.2%Backtest Yatharth Hospital
KRN Heat Exchanger1.4%▼ −0.16 pts9,00,00096.51.1%Backtest KRN Heat Exchanger
Intellect Design Arena1.1%▼ −0.21 pts15,00,00090.91.0%Backtest Intellect Design Arena
Poojaa Precision Engineering5.1%New10,20,80088.21.0%Backtest Poojaa Precision Engineering
Hindustan Construction1.9%No change5,00,00,00087.71.0%Backtest Hindustan Construction
Capacite Infraprojects6.6%No change56,00,00086.81.0%Backtest Capacite Infraprojects
Tatva Chintan Pharma2.1%No change5,00,00083.21.0%Backtest Tatva Chintan Pharma
J Kumar Infraprojects2.6%No change19,30,92081.50.9%Backtest J Kumar Infraprojects
West Coast Paper1.4%No change9,50,00078.30.9%Backtest West Coast Paper
Apollo Pipes3.4%No change15,00,00073.40.8%Backtest Apollo Pipes
Monolithisch2.8%No change6,00,00072.60.8%Backtest Monolithisch
E to E Transportation13.9%No change24,05,89871.10.8%Backtest E to E Transportation
Valor Estate1.6%No change85,00,00068.60.8%Backtest Valor Estate
India Metals & Ferro Alloys1.1%No change5,74,67962.90.7%Backtest India Metals & Ferro Alloys
WPIL1.5%No change15,00,00062.10.7%Backtest WPIL
Sirca Paints2.5%No change14,33,42160.20.7%Backtest Sirca Paints
Arman Financial Services3.8%No change4,00,00058.10.7%Backtest Arman Financial Services
AYM Syntex3.9%No change23,01,36954.60.6%Backtest AYM Syntex
IFB Industries1.2%No change5,00,00054.50.6%Backtest IFB Industries
Purple Style Labs1.3%New10,00,00051.70.6%Backtest Purple Style Labs
Hirect1.4%▼ −0.04 pts5,00,00051.10.6%Backtest Hirect
Lux Industries1.6%No change4,65,24649.80.6%Backtest Lux Industries
Ajmera Realty1.9%No change37,97,46548.50.6%Backtest Ajmera Realty
InfoBeans Technologies3.1%No change30,00,00046.90.5%Backtest InfoBeans Technologies
Unified Data Tech Solutions5.3%No change10,55,00046.40.5%Backtest Unified Data Tech Solutions
Osel Devices7.5%No change13,38,40044.40.5%Backtest Osel Devices
Allcargo Logistics2.9%No change4,41,00,00043.00.5%Backtest Allcargo Logistics
Prakash Industries2.0%▲ +0.28 pts35,83,17742.40.5%Backtest Prakash Industries
Suryoday Small Finance Bank2.8%No change30,00,00041.40.5%Backtest Suryoday Small Finance Bank
Protean eGov Technologies1.5%No change6,00,00036.20.4%Backtest Protean eGov Technologies
Thejo Engineering1.7%No change1,80,00034.80.4%Backtest Thejo Engineering
Wendt2.5%No change50,00034.40.4%Backtest Wendt
Ravindra Energy1.2%No change24,27,16232.60.4%Backtest Ravindra Energy
Oriental Rail Infrastructure4.3%▼ −0.75 pts29,00,00032.50.4%Backtest Oriental Rail Infrastructure
Sahasra Electronic Solutions3.0%No change7,58,00031.70.4%Backtest Sahasra Electronic Solutions
Anawil Wire Engineering3.1%New7,80,00031.30.4%Backtest Anawil Wire Engineering
Recode Studios5.6%New6,00,00026.70.3%Backtest Recode Studios
Laxmi Finance4.6%No change24,00,00024.40.3%Backtest Laxmi Finance
N R Agarwal Industries2.1%No change3,50,00023.50.3%Backtest N R Agarwal Industries
Gaudium IVF and Women Health3.4%No change25,00,00023.50.3%Backtest Gaudium IVF and Women Health
Bella Casa Fashion6.9%No change9,17,50020.50.2%Backtest Bella Casa Fashion
Arisinfra Solutions1.7%▲ +0.12 pts14,00,00018.90.2%Backtest Arisinfra Solutions
Vasa Denticity2.3%▼ −0.02 pts4,10,00018.60.2%Backtest Vasa Denticity
Transpek Industry2.1%No change1,18,57815.40.2%Backtest Transpek Industry
Prakash Pipes2.4%No change5,64,50012.00.1%Backtest Prakash Pipes
Brandman Retail4.0%No change7,44,99011.60.1%Backtest Brandman Retail
Kilitch Drugs1.3%No change4,70,0009.50.1%Backtest Kilitch Drugs
Apsis Aerocom1.2%New1,46,4008.30.1%Backtest Apsis Aerocom
Autoriders International9.4%▼ −0.05 pts3,28,3476.70.1%Backtest Autoriders International
Solarium Green Energy2.9%No change6,00,0006.50.1%Backtest Solarium Green Energy
Tracxn Technologies1.9%No change20,00,0006.30.1%Backtest Tracxn Technologies
Innomet Advanced Materials1.7%New2,26,2005.70.1%Backtest Innomet Advanced Materials
True Colors1.6%No change3,99,6005.60.1%Backtest True Colors
Safety Controls Devices2.7%New5,36,0004.00.0%Backtest Safety Controls Devices
Yaap Digital1.9%No change4,00,0003.80.0%Backtest Yaap Digital

Value = shares held × price on 22 Oct 2026. Change is in percentage points of the company's shares.

Where the money sits: top 10 holdings

The top 10 holdings make up 51.5% of the disclosed value; ASM Technologies alone is 10.6%.

  1. ASM Technologies10.6%
  2. ESDS Software Solution10.4%
  3. Neuland Laboratories8.6%
  4. Nuvama Wealth4.8%
  5. PTC Industries4.5%
  6. Zota Healthcare3.7%
  7. Jammu & Kashmir Bank2.5%
  8. Kingfa Science2.2%
  9. Sarda Energy & Minerals2.1%
  10. Manipal Payment and Identity2.1%

78 stocks is a strategy too. Test it.

Owning many small positions spreads the risk of any one going wrong. Backtest an equal-weight basket of small caps against a concentrated one, and see how the returns and drawdowns differ.

Backtest these 78 stocksBuild a diversified small-cap rule set

Backtest results are hypothetical and do not predict future returns.

Who is Mukul Agrawal?

Mukul Agrawal is the founder chairman of Param Capital and has more than two decades of experience in India's capital markets, in both listed and unlisted companies. He is also a founder and trustee of Plaksha University and supports institutions in healthcare and education.

His public portfolio is one of the widest among well-known Indian investors, with small and mid-sized companies across sectors.

Sources: Plaksha University profile.

How to read this data

  • Companies disclose shareholders who own 1% or more, once a quarter. Smaller stakes stay hidden.
  • Filings come out up to three weeks after the quarter ends, so trades can be months old.
  • Holdings filed in their own name are shown. Holdings of companies or funds they manage are not, unless stated.
  • This page reports public filings. It is not a recommendation to buy or sell.

Frequently Asked Questions

What is Mukul Agrawal’s current portfolio?

As per filings for the quarter ended 30 September 2026, Mukul Agrawal publicly holds 78 stocks worth about ₹8,756 Cr at prices on 22 October 2026. His largest holdings are ASM Technologies, ESDS Software Solution, Neuland Laboratories, Nuvama Wealth and PTC Industries.

What are Mukul Agrawal’s top holdings?

By value: ASM Technologies (about ₹926 Cr, 10.3% of the company), ESDS Software Solution (₹912 Cr), Neuland Laboratories (₹757 Cr), Nuvama Wealth (₹417 Cr) and PTC Industries (₹396 Cr). The top 10 make up about half of the disclosed value.

Which stocks did Mukul Agrawal buy recently?

He appeared as a new 1%+ shareholder in 10 companies this quarter, the largest being ESDS Software Solution (6.0%), Manipal Payment and Identity, Tega Industries and Poojaa Precision Engineering. He also raised his stakes in Prakash Industries and Arisinfra Solutions.

Which stocks did Mukul Agrawal sell?

He cut his stake in 6 companies, most in Oriental Rail Infrastructure (down 0.75 points). Vidhi Specialty Food Ingredients, Kirloskar Ferrous Industries and Raymond Lifestyle no longer appear in filings, which means his stake fell below 1% or he sold out.

What is Mukul Agrawal’s net worth?

His total net worth is not public. What can be measured is the value of stakes of 1% or more in listed companies held in his name: about ₹8,756 Cr across 78 stocks at current prices. Smaller stakes, unlisted investments and Param Capital’s holdings are not included.

Who is Mukul Agrawal?

Mukul Agrawal is an Indian investor and the founder chairman of Param Capital, with more than two decades in capital markets. He is also a founder and trustee of Plaksha University.

Is it Mukul Agrawal or Mukul Agarwal?

Filings and his own profiles spell it Mukul Agrawal. Many people search for "Mukul Agarwal portfolio"; it is the same investor and this page.

Why does he hold so many stocks?

With 78 disclosed holdings, his portfolio is far wider than those of Vijay Kedia (15), the Jhunjhunwala family (27) or Ashish Kacholia (38). Spreading money across many small positions limits how much any single stock can hurt the whole portfolio.

Why are some of his stocks missing from this list?

Companies only name shareholders who own 1% or more. If he owns less than 1% of a company, or has sold below that level, the stock does not appear. The list updates once a quarter, when companies file their shareholding patterns.

Should I buy the stocks Mukul Agrawal buys?

This page reports public filings and is not a recommendation. Filings arrive weeks after the trades and do not show his buying price or reasons. A safer approach is to test a written set of rules on past data before investing, and to speak to a SEBI-registered adviser if you need advice.

Data compiled from shareholding patterns filed by listed companies with NSE and BSE for the quarter ended 30 September 2026. Prices as of 22 Oct 2026. Kalpi is not a SEBI-registered investment adviser; nothing on this page is investment advice or a recommendation to buy or sell. Investments in securities are subject to market risks.