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Tue, 28 Jul 2026
11:29:25 am
Tue, 28 Jul 2026
11:29:25 am
Rudransh Sangwan
Published at: April 22, 2026, 6:44 AM
Synopsis
Ashish Kacholia’s March 2026 portfolio update highlights a strategic mix of new entries and increased stakes in select small and mid-cap stocks. His focus remains on early-stage opportunities in financial services, engineering, and niche manufacturing, signaling confidence in sectors with strong growth potential. The moves suggest a long-term accumulation strategy aimed at capturing future earnings expansion rather than short-term gains.
The latest shareholding data for March 2026 reveals a clear pattern in the portfolio strategy of Ashish Kacholia, often referred to as one of India’s sharpest small and mid-cap investors. Known for identifying early-stage opportunities, Kacholia has selectively increased stakes in a mix of financial services, engineering, and niche manufacturing companies.
This is not random accumulation. It reflects a calculated positioning toward sectors where earnings visibility, scalability, and niche dominance are improving. The key takeaway is that capital is being deployed in businesses that are still under the radar but showing strong structural potential.
Kacholia currently holds over 50 publicly disclosed stocks with an estimated portfolio value exceeding ₹2,600 crore. His March 2026 activity highlights both fresh entries and incremental increases in select names.
| Stock Name | Holding Value | Stake % (Mar 2026) | Change Trend |
|---|---|---|---|
| Finbud Financial Services | ₹14.3 Cr | 5.4% | New Entry |
| Indo Smc | ₹11.6 Cr | 2.5% | New Entry |
| TechEra Engineering | ₹20 Cr | 6.2% | Increased |
| SG Finserve | ₹82.7 Cr | 2.4% | Increased |
| Aeroflex Industries | ₹91.3 Cr | 2.3% | Increased |
| Z-Tech | ₹31 Cr | 3.7% | Increased |
| Tanfac Industries | ₹85.2 Cr | 1.7% | Stable |
The pattern clearly shows a mix of new bets and conviction-based averaging in existing holdings.
The addition of Finbud Financial Services and Indo Smc indicates a shift toward emerging businesses that are likely at an early growth stage.
These companies typically operate in underpenetrated segments where scalability can lead to disproportionate returns.
Key insights from new entries
This aligns with Kacholia’s historical pattern of entering companies before they become widely tracked.
The most important signals come from increased holdings rather than new entries.
TechEra Engineering saw a significant increase in stake, indicating rising conviction. The company operates in a specialized engineering segment, which typically benefits from long-term contracts and high entry barriers.
SG Finserve witnessed a notable increase from around 1.1 percent to 2.4 percent. This sharp jump suggests strong confidence in the company’s growth trajectory, particularly in lending and financial services expansion.
Aeroflex Industries continues to remain a steady bet, with gradual stake increases over multiple quarters. The company operates in export-oriented manufacturing, which benefits from global demand cycles.
Z-Tech saw a marginal increase, reinforcing its position as a stable portfolio component rather than a high-growth bet.
A deeper look at the allocation shows a clear tilt toward
Data suggests increasing exposure to cyclical and growth-oriented sectors This leads to higher earnings visibility during economic expansion Which results in potential multi-bagger opportunities over time
One key factor often missed is timing. Kacholia typically invests before large institutional investors enter.
This strategy allows
This is a classic small-cap to mid-cap transition strategy.
Retail investors often try to replicate portfolios after stake disclosures, which leads to delayed entry.
By the time shareholding data becomes public
Blindly copying portfolios without understanding business fundamentals is a common mistake.
While Kacholia has a strong track record, not every stock in his portfolio becomes a multi-bagger.
Some investments
This highlights the importance of selective analysis rather than portfolio replication.
Based on current trends, future opportunities may emerge in
If India’s economic growth cycle sustains, these sectors could see strong earnings expansion over the next few years.
For retail investors
For serious investors
Ashish Kacholia’s March 2026 portfolio changes reinforce a disciplined strategy focused on early-stage opportunities, sectoral tailwinds, and gradual accumulation. The real insight is not just in which stocks he buys, but in why he buys them and at what stage of the growth cycle. Investors who understand this approach rather than blindly copying trades are more likely to benefit from long-term wealth creation.
He added new positions in Finbud Financial Services and Indo Smc while increasing stakes in TechEra Engineering, SG Finserve, and Aeroflex Industries.
He is known for identifying small and mid-cap stocks early, many of which have delivered strong long-term returns.
No, investors should analyze fundamentals and valuation before investing, as timing and entry price play a critical role in returns.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
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