Nemish Shah Portfolio: Latest Holdings
As per shareholding filings for the quarter ended 30 September 2026, Nemish Shah publicly holds 5 stocks with stakes of 1% or more, worth about ₹3,103 Cr at current prices. There were no new buys this quarter.
- Holdings: Sep 2026 quarter filings
- Prices as of 23 Oct 2026
- Only stakes of 1% or more are disclosed
- Also filed as "Nemish S Shah"
- Disclosed holdings value
- ₹3,103Cr
- Stocks held (1%+)
- 5
- New this quarter
- 0
- Stake raised / cut
- 0 / 0
- Largest holding
- 46.3%Lakshmi Machine Works
What changed in the Sep 2026 quarter
New buys (0)
No new 1%+ holdings this quarter.
Stake raised (0)
None.
Stake cut (0)
None.
Exits
No holding from June dropped out of the filings this quarter.
Below 1% a stake drops out of filings, so a partial sale and a full exit can look the same.
All 5 holdings
| Stock | Stake (Sep 26) | Change vs Jun 26 | Shares held | Value (₹ Cr) | % of portfolio | Try in Kalpi |
|---|---|---|---|---|---|---|
| Lakshmi Machine Works | 8.6% | No change | 9,13,873 | 1,436.2 | 46.3% | Backtest Lakshmi Machine Works |
| Asahi India Glass | 5.7% | No change | 1,44,82,818 | 1,285.7 | 41.4% | Backtest Asahi India Glass |
| Elgi Equipments | 1.7% | No change | 53,60,000 | 274.5 | 8.8% | Backtest Elgi Equipments |
| Bannari Amman Sugars | 2.6% | No change | 3,25,000 | 104.0 | 3.4% | Backtest Bannari Amman Sugars |
| Zodiac Clothing | 1.5% | No change | 4,05,124 | 2.5 | 0.1% | Backtest Zodiac Clothing |
Value = shares held × price on 23 Oct 2026. Change is in percentage points of the company's shares.
Where the money sits: top 5 holdings
Lakshmi Machine Works is the largest holding at 46.3% of the disclosed value.
Five stocks, held for years: test that approach
His disclosed portfolio is just five established manufacturers. Backtest a small, concentrated quality basket against the Nifty and compare the drawdowns.
Backtest results are hypothetical and do not predict future returns.
Who is Nemish Shah?
Nemish Shah is a co-founder and director of Enam Holdings and an investor who likes to stay in the background. In listed companies he has tended to favour established manufacturing businesses over new-age tech and finance companies.
Sources: Trendlyne investor profile; Wikipedia (Enam).
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 Nemish Shah's current portfolio?
As per filings for the quarter ended 30 September 2026, Nemish Shah publicly holds 5 stocks with stakes of 1% or more, worth about ₹3,103 Cr at current prices. The largest are Lakshmi Machine Works, Asahi India Glass, Elgi Equipments, Bannari Amman Sugars and Zodiac Clothing.
What are Nemish Shah's top holdings?
By value: Lakshmi Machine Works (₹1,436 Cr, 8.6% of the company); Asahi India Glass (₹1,286 Cr, 5.7% of the company); Elgi Equipments (₹274 Cr, 1.7% of the company); Bannari Amman Sugars (₹104 Cr, 2.6% of the company); Zodiac Clothing (₹2.5 Cr, 1.5% of the company).
What is Nemish Shah's net worth?
Total net worth is not public. What can be measured is the value of stakes of 1% or more in listed companies: about ₹3,103 Cr across 5 stocks at current prices. Smaller stakes, unlisted investments and money held through companies or funds are not included.
Who is Nemish Shah?
Nemish Shah is a co-founder and director of Enam Holdings and an investor who likes to stay in the background. In listed companies he has tended to favour established manufacturing businesses over new-age tech and finance companies.
Who is the owner of Enam Group?
Enam was co-founded in 1984 by Nemish Shah and Vallabh Bhanshali.
Why are some stocks missing from this list?
Companies only name shareholders who own 1% or more. If the stake is below 1%, or has been 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 Nemish Shah holds?
This page reports public filings and is not a recommendation. Filings arrive weeks after the trades and do not show buying prices 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 23 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.