Markets › Super Investors › Mukul Agrawal

Mukul Agrawal

Founder, Param Capital. Known for high-conviction small and midcap bets.

Portfolio value

₹5,805 Cr

Today

−₹126.7 Cr -2.14%

Stocks

As of

31 Mar 2026

Returns vs NIFTY current basket

	1M	3M	1Y
This portfolio	+0.6%	+18.7%	-0.5%
NIFTY 50	-4.0%	-4.4%	-5.6%

Today’s holdings valued back over each window vs the NIFTY 50. Not a record of actual trades.

Disclosed net worth by quarter

Sector allocation

Healthcare20.4%

Capital Goods12.3%

Financial Services12.2%

Fast Moving Consumer Goods11.2%

Textiles8.6%

Chemicals7.0%

Construction6.0%

Portfolio X-ray

Top-5 weight

36%

Wtd P/E

94.7

Wtd ROE

15.1%

Holdings

By market cap

Large 32% Mid 35% Small 33%

Bought / added this quarter

Raghav Productivity Enhancers LtdNEW

Prakash Industries LtdNEW

Gaudium IVF and Women Health LtdNEW

Sula Vineyards LtdNEW

Advent Hotels International LtdNEW

MITCON Consultancy & Engineering Services LimitedNEW

Sold / trimmed this quarter

Stanley Lifestyles Ltd-0.35pp

Pearl Global Industries Ltd-0.22pp

Indian Metals & Ferro Alloys Ltd-0.04pp

Raymond Lifestyle Ltd0.00pp

Holdings · 59

#	Company	Sector	Stake	Value	Today	Q/Q	P/E	ROE	5Q trend
1	NEULANDLABNEULANDLAB · Healthcare	Healthcare	3.12%	₹675.3 Cr	+0.42%	–	60.5	21%
2	Radico Khaitan LtdRADICO · Fast Moving Consumer Goods	Fast Moving Consumer Goods	1.05%	₹484.6 Cr	-0.84%	–	77.0	20%
3	Nuvama Wealth Management LtdNUVAMA · Financial Services	Financial Services	1.37%	₹378.4 Cr	-3.86%	–	26.4	27%
4	PTC Industries LtdPTCIL · Capital Goods	Capital Goods	1.07%	₹292.5 Cr	-1.31%	–	268.9	7%
5	The Jammu & Kashmir Bank LimitedJ&KBANK · Financial Services	Financial Services	1.50%	₹245 Cr	+0.66%	▲ 0.23pp	−	15%
6	Deepak Fertilizers and Petrochemicals Corporation LimitedDEEPAKFERT · Chemicals	Chemicals	1.19%	₹217.7 Cr	+1.80%	–	25.5	11%
7	SARDA ENERGY & MINSARDAEN · Metals & Mining	Metals & Mining	1.14%	₹215.2 Cr	-1.56%	–	16.8	16%
8	Onesource Specialty Pharma LtdONESOURCE · Healthcare	Healthcare	1.05%	₹205.8 Cr	-4.17%	–	952.0	-1%
9	Dishman Carbogen Amcis LtdDCAL · Healthcare	Healthcare	5.50%	₹158.7 Cr	-2.99%	–	29.1	2%
10	LT Foods LtdLTFOODS · Fast Moving Consumer Goods	Fast Moving Consumer Goods	1.12%	₹145.1 Cr	-3.30%	–	20.2	15%
11	Intellect Design Arena LtdINTELLECT · Information Technology	Information Technology	1.43%	₹144.4 Cr	-3.21%	–	28.8	12%
12	MPS LtdMPSLTD · Consumer Services	Consumer Services	4.46%	₹133.5 Cr	-3.31%	–	17.1	32%
13	Capacite Infraprojects LtdCAPACITE · Construction	Construction	6.62%	₹121 Cr	-2.74%	▲ 0.53pp	9.2	11%
14	KRN Heat Exchanger And Refrigeration LtdKRN · Capital Goods	Capital Goods	1.61%	₹117.5 Cr	-3.86%	–	93.9	14%
15	Pearl Global Industries LtdPGIL · Textiles	Textiles	1.52%	₹114.3 Cr	-1.96%	▼ 0.22pp	27.1	21%
16	Hindustan Construction Company LtdHCC · Construction	Construction	1.91%	₹113.8 Cr	-5.29%	▲ 0.23pp	35.3	11%
17	Sudeep Pharma LtdSUDEEPPHRM · Chemicals	Chemicals	1.33%	₹108.9 Cr	-3.78%	–	4.7	20%
18	Strides Pharma Science LtdSTAR · Automobile and Auto Components	Automobile and Auto Components	1.16%	₹106.8 Cr	-4.08%	–	15.7	20%
19	PDS LtdPDSL · Textiles	Textiles	2.38%	₹103.1 Cr	-4.29%	–	24.5	10%
20	Indo Count Industries LimitedICIL · Textiles	Textiles	1.51%	₹95.8 Cr	-2.83%	▲ 0.25pp	10.2	5%
21	J. Kumar Infraprojects LtdJKIL · Construction	Construction	2.61%	₹92.4 Cr	-3.22%	–	8.9	12%
22	Yatharth Hospital & Trauma Care Services LtdYATHARTH · Healthcare	Healthcare	1.14%	₹89.7 Cr	+0.77%	–	46.6	10%
23	Valor Estate LtdDBREALTY · Consumer Services	Consumer Services	1.47%	₹88.3 Cr	-3.58%	▲ 0.26pp	217.6	1%
24	Zota Health Care LImitedZOTA	−	2.13%	₹88.3 Cr	-4.90%	–	−	-16%
25	Indian Metals & Ferro Alloys LtdIMFA · Metals & Mining	Metals & Mining	1.07%	₹83 Cr	-3.67%	▼ 0.04pp	18.0	17%
26	Apollo Pipes LtdAPOLLOPIPE · Capital Goods	Capital Goods	3.41%	₹71.9 Cr	-3.79%	–	434.4	1%
27	Arman Financial Services LtdARMANFIN · Financial Services	Financial Services	3.80%	₹61.8 Cr	-3.23%	–	28.9	6%
28	IFB Industries LtdIFBIND · Consumer Durables	Consumer Durables	1.23%	₹61.8 Cr	-1.64%	–	35.7	16%
29	Raymond Lifestyle LtdRAYMONDLSL · Textiles	Textiles	1.31%	₹59.3 Cr	-3.21%	▼ Reduced	18.9	0%
30	Lux Industries LtdLUXIND · Textiles	Textiles	1.47%	₹58.1 Cr	-2.18%	–	38.2	6%
31	Tatva Chintan Pharma Chem LtdTATVA · Chemicals	Chemicals	2.14%	₹57.3 Cr	-3.24%	–	62.0	6%
32	Surya Roshni LtdSURYAROSNI · Capital Goods	Capital Goods	1.01%	₹54.3 Cr	-4.39%	–	18.3	11%
33	HIND RECTIFIERHIRECT · Capital Goods	Capital Goods	1.45%	₹54.3 Cr	-3.85%	–	94.7	21%
34	Raghav Productivity Enhancers LtdRPEL · Capital Goods	Capital Goods	1.04%	₹52.1 Cr	-1.82%	NEW	90.3	25%	–
35	Infobeans Technologies LtdINFOBEAN · Information Technology	Information Technology	3.13%	₹51 Cr	-2.79%	–	18.2	23%
36	Suryoday Small Finance Bank LtdSURYODAY · Banking	Banking	2.82%	₹50.7 Cr	-1.61%	–	11.4	8%
37	AYM Syntex LtdAYMSYNTEX · Textiles	Textiles	3.93%	₹49.5 Cr	-3.47%	–	191.9	1%
38	WEST COAST PAPER MILLS LTWSTCSTPAPR · Forest Materials	Forest Materials	1.44%	₹47.2 Cr	-3.17%	▲ 0.08pp	20.8	4%
39	AJMERA REALTY & INF IAJMERA · Realty	Realty	1.93%	₹44.4 Cr	-3.88%	▲ Added	14.3	12%
40	Prakash Industries LtdPRAKASH · Metals & Mining	Metals & Mining	1.72%	₹42.8 Cr	-3.88%	NEW	7.4	10%	–
41	Allcargo Logistics LtdALLCARGO · Services	Services	2.94%	₹38.4 Cr	-1.14%	–	163.7	-5%
42	Protean eGov Technologies LtdPROTEAN · Information Technology	Information Technology	1.48%	₹35.8 Cr	-3.18%	–	23.4	10%
43	Wendt (India) LtdWENDT · Capital Goods	Capital Goods	2.50%	₹33.2 Cr	-2.51%	–	91.3	6%
44	Thejo Engineering LimitedTHEJO	−	1.66%	₹27.3 Cr	-1.84%	–	29.9	16%
45	Ravindra Energy LimitedRELTD · Capital Goods	Capital Goods	1.21%	₹26.5 Cr	-2.31%	–	27.8	21%
46	Gaudium IVF and Women Health LtdGAUDIUMIVF · Healthcare	Healthcare	3.43%	₹25.8 Cr	-1.99%	NEW	15.1	16%	–
47	Vikran Engineering LtdVIKRAN · Construction	Construction	1.36%	₹24.1 Cr	-2.19%	–	1.9	7%
48	Sula Vineyards LtdSULA · Fast Moving Consumer Goods	Fast Moving Consumer Goods	1.78%	₹23.1 Cr	-1.30%	NEW	50.4	4%	–
49	Jagsonpal Pharmaceuticals LtdJAGSNPHARM · Healthcare	Healthcare	1.73%	₹22.9 Cr	-2.73%	–	6.2	17%
50	Vidhi Specialty Food Ingredients Ltd-$VIDHIING · Chemicals	Chemicals	1.60%	₹22.8 Cr	-2.10%	–	29.3	16%
51	Bella Casa Fashion & Retail LtdBELLACASA · Textiles	Textiles	6.85%	₹21.5 Cr	-2.38%	–	15.3	13%
52	Laxmi India Finance LtdLAXMIINDIA · Financial Services	Financial Services	3.83%	₹20.5 Cr	-3.71%	–	5.4	11%
53	Prakash Pipes LtdPPL · Capital Goods	Capital Goods	2.36%	₹13 Cr	+2.52%	–	12.9	9%
54	Stanley Lifestyles LtdSTANLEY · Consumer Durables	Consumer Durables	1.23%	₹9.8 Cr	-1.23%	▼ 0.35pp	6.6	5%
55	Advent Hotels International LtdADVENTHTL · Consumer Services	Consumer Services	1.20%	₹8.3 Cr	-3.85%	NEW	10.3	7%	–
56	Kilitch Drugs (India) LimitedKILITCH · Healthcare	Healthcare	1.34%	₹7.9 Cr	-3.86%	▲ Added	19.9	12%
57	Tracxn Technologies LtdTRACXN · Services	Services	1.87%	₹6.4 Cr	-0.16%	–	−	-13%
58	MITCON Consultancy & Engineering Services LimitedMITCON	−	1.47%	₹2.2 Cr	-4.98%	NEW	13.9	6%	–
59	ACLGATIACLGATI	−	4.76%	-	−	–	97.5	2%

Stake history by quarter (%) increased trimmed

Company	Mar '26	Dec '25	Sept '25	Jun '25	Mar '25	Dec '24
NEULANDLAB	3.12	3.12	3.12	3.12	·	·
Radico Khaitan Ltd	1.05	1.05	1.05	1.05	·	·
Nuvama Wealth Management Ltd	1.37	1.38	1.39	1.39	·	·
PTC Industries Ltd	1.07	1.07	1.07	1.07	·	·
The Jammu & Kashmir Bank Limited	1.50	1.27	1.27	1.27	·	·
Deepak Fertilizers and Petrochemicals Corporation Limited	1.19	1.19	1.19	1.19	·	·
SARDA ENERGY & MIN	1.14	1.14	1.14	1.14	·	·
Onesource Specialty Pharma Ltd	·	1.05	1.05	·	·	·
Dishman Carbogen Amcis Ltd	5.50	5.50	5.50	5.50	·	·
LT Foods Ltd	1.12	1.12	1.12	1.12	·	·
Intellect Design Arena Ltd	1.43	1.44	1.44	1.44	·	·
MPS Ltd	4.46	4.46	4.46	4.46	·	·
Capacite Infraprojects Ltd	6.62	6.09	6.09	6.09	·	·
KRN Heat Exchanger And Refrigeration Ltd	1.61	1.58	1.61	1.61	·	·
Pearl Global Industries Ltd	·	1.52	1.74	1.96	·	·
Hindustan Construction Company Ltd	1.91	1.68	·	·	·	·
Sudeep Pharma Ltd	1.33	1.33	·	·	·	·
Strides Pharma Science Ltd	1.16	1.16	1.16	1.16	·	·

Holdings are the latest disclosed stake per company (above 1%), from public shareholding filings; value = disclosed shares × latest market price, so it moves daily with the market while share counts update each quarter. “Q/Q” and the grid compare against prior quarters (pp = percentage points). Name variants of the same investor are merged. For information only - not investment advice.