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TL
Theleme India Master Fund Limited
FII / ForeignDisclosed Indian equity holdings above the 1% filing threshold.
Disclosed value
₹3,978 Cr
Today
+₹89.3 Cr +2.30%
Companies
12
As of
31 Mar 2026
Returns vs NIFTY current basket, 1 year
This portfolio +5.9% NIFTY 50 -4.4%ahead of NIFTY by 10.3 pts
Today’s disclosed holdings valued back over the past year vs the NIFTY 50, rebased to 0%. Not a record of actual trades.
Sector allocation
Portfolio X-ray
Top-5 weight
66%
Wtd P/E
57.8
Wtd ROE
10.9%
Holdings
12
By market cap
Large 48% Mid 49% Small 3%
Sold / trimmed last quarter
LMW Ltd-0.03pp
Holdings · 12
| Company▾ | Stake▾ | Value▼ | Today▾ | Q/Q▾ | P/E▾ | ROE▾ |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd PAYTM · Financial Services | 1.02% | ₹731.5 Cr | +4.42% | – | 130.1 | 4% |
| Star Health and Allied Insurance Company Ltd STARHEALTH · Financial Services | 2.00% | ₹623.4 Cr | +1.74% | ▲ +0.01pp | – | – |
| IIFL Finance Ltd IIFL · Financial Services | 2.58% | ₹574.1 Cr | +0.66% | ▲ +0.11pp | 12.2 | 14% |
| Jindal Saw Ltd JINDALSAW · Capital Goods | 2.42% | ₹380.6 Cr | +3.27% | ▲ +0.11pp | 17.0 | 8% |
| Shriram Pistons & Rings Ltd SHRIPISTON · Automobile and Auto Components | 1.88% | ₹309.4 Cr | +6.17% | – | 29.3 | 21% |
| IIFL Capital Services Ltd IIFLCAPS · Financial Services | 2.77% | ₹293.9 Cr | -0.39% | – | 18.8 | 20% |
| Jubilant Pharmova Ltd JUBLPHARMA · Healthcare | 1.69% | ₹267.1 Cr | +1.49% | ▲ +0.03pp | 39.7 | 6% |
| Aditya Birla Fashion and Retail Ltd ABFRL · Consumer Services | 3.01% | ₹224.1 Cr | +1.90% | ▲ +0.53pp | – | -13% |
| LMW Ltd LMW · Capital Goods | 1.02% | ₹172.6 Cr | +0.43% | ▼ -0.03pp | 129.3 | 5% |
| CSB Bank Ltd CSBBANK · Banking | 2.59% | ₹167.8 Cr | +1.76% | – | 10.2 | 13% |
| Sudarshan Chemical Industries Ltd SUDARSCHEM · Chemicals | 1.76% | ₹124.2 Cr | +1.81% | ▲ +0.08pp | 173.0 | 1% |
| Eveready Industries India Ltd EVEREADY · Fast Moving Consumer Goods | 4.31% | ₹109.3 Cr | +1.01% | – | 14.8 | 32% |
Stake history by quarter (%) increased trimmed
| Company | Mar '26 | Dec '25 | Sept '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| One 97 Communications Ltd | 1.02 | 1.02 | 1.02 | 1.04 | · |
| Star Health and Allied Insurance Company Ltd | 2.00 | 1.99 | 1.95 | 1.54 | · |
| IIFL Finance Ltd | 2.58 | 2.47 | 2.45 | 2.30 | · |
| Jindal Saw Ltd | 2.42 | 2.31 | · | · | · |
| Shriram Pistons & Rings Ltd | 1.88 | 1.88 | 1.88 | 1.85 | · |
| IIFL Capital Services Ltd | 2.77 | 2.78 | 2.78 | 2.68 | · |
| Jubilant Pharmova Ltd | 1.69 | 1.66 | 1.71 | 1.56 | · |
| Aditya Birla Fashion and Retail Ltd | 3.01 | 2.48 | 2.45 | · | · |
| LMW Ltd | 1.02 | 1.05 | 1.08 | 1.08 | 1.08 |
| CSB Bank Ltd | 2.59 | 2.59 | 2.59 | 2.44 | · |
| Sudarshan Chemical Industries Ltd | 1.76 | 1.68 | 1.66 | 1.66 | · |
| Eveready Industries India Ltd | 4.31 | 4.31 | 4.31 | 4.31 | · |
Holdings are taken exactly as filed in public shareholding disclosures, shown only once a stake crosses the 1% disclosure threshold, so this is the holder’s large positions, not every holding. Value = disclosed shares × latest market price, so it moves daily while share counts update each quarter; “Q/Q” compares with the prior filing (pp = percentage points). Names are shown as filed and folded only for capitalisation and spacing, never different spellings; a common name could, in principle, represent more than one person. For information only, not investment advice.