Girish Gulati Portfolio: Top Holdings and Sector Mix
Girish Gulati’s Portfolio at a Glance
Girish Gulati’s disclosed Indian portfolio is worth Rs 331.41 crore across 10 stocks, up 8.56% this quarter. That’s a moderately sized, fairly concentrated portfolio compared to some of the larger names tracked in India’s Superstar Portfolio data.
If you want the short version of his style: heavy weighting toward industrial and engineering businesses, with a small number of positions doing most of the work.
Compared to portfolios spread across dozens of stocks, a 10 stock book like this one puts a lot of weight on each individual pick. That makes understanding the sector mix and top holdings especially useful for anyone trying to read his investing approach.
Sector Breakdown
Gulati’s portfolio leans strongly toward industrial themes, with three sectors making up the bulk of it.
| Sector | Weight |
|---|---|
| General Industrials | 58.76% |
| Telecommunications Equipment | 15.32% |
| Transportation | 14.46% |
Together, these three sectors account for nearly 89% of the total portfolio. That’s a clear tilt, with general industrials alone making up well over half the book.
What This Sector Tilt Suggests
A portfolio this weighted toward general industrials, telecom equipment, and transportation often reflects an investor focused on India’s manufacturing and infrastructure related businesses rather than consumer facing or financial sector themes.
With only 10 stocks total and nearly 60% in a single sector, this looks like a concentrated, conviction driven approach rather than broad diversification. The investor appears comfortable holding a smaller number of businesses they understand well, rather than spreading bets thin.
Top Holdings
| Stock | Value (Rs Cr) |
|---|---|
| Thejo Engineering | 126.08 |
| Avantel | 50.78 |
| Ador Welding | 48.37 |
These three stocks alone add up to roughly Rs 225 crore, more than two thirds of the entire Rs 331.41 crore portfolio. Thejo Engineering makes wear resistant lining products used in mining and material handling industries. Avantel works in telecommunications and defense electronics. Ador Welding is a well established name in welding and cutting equipment for industrial use.
Notice how this lines up neatly with the sector breakdown above: Thejo Engineering and Ador Welding both sit comfortably in the general industrials space, while Avantel explains the telecom equipment weighting.
The remaining seven stocks in the portfolio make up the rest of the roughly Rs 106 crore not accounted for by these three top names. Since they aren’t individually broken out in this dataset, it’s worth remembering that the picture here is necessarily incomplete without knowing what fills out the rest of the book.
Recent Activity
Recently Bought
- Jayant Agro Organics: stake increased by 0.01%
Recently Sold
- Kalyani Cast-Tech: stake reduced by 0.49%
- TIL: stake reduced by 0.38%
- Remi Edelstahl Tubulars: stake reduced by 0.18%
The buying activity here is very small, just a 0.01% increase in Jayant Agro Organics, which barely moves the needle. The selling activity is a bit more notable, with three separate positions trimmed, though none of the individual percentages are large in isolation.
Taken together, this quarter’s activity looks like modest trimming across a few smaller holdings rather than any major strategic shift in the overall portfolio.
It’s also worth noting that a quarter where overall portfolio value rose 8.56% while several individual positions were trimmed suggests the gains likely came from price appreciation in the core holdings, particularly the top three, rather than from adding fresh capital or new positions.
How Superstar Portfolio Tracking Works
This kind of data exists because of a specific SEBI rule. When an individual’s stake in an Indian listed company crosses 1% of that company’s total shares outstanding, the company must disclose that shareholder’s name in its shareholding pattern filing.
A few practical points about how this works:
- Quarterly updates: figures are refreshed once each quarter, tied to each company’s own filing schedule, not in real time.
- 1% threshold only: any stake below that level in another company won’t show up here, even if it exists.
- Built in lag: an investor may have adjusted a position well before the public disclosure catches up.
For an investor like Gulati holding a relatively concentrated set of 10 stocks, most of his broader exposure to these specific companies is likely captured here, since positions this size in smaller companies are more likely to cross the 1% threshold than they would be for a giant fund spread across hundreds of names.
What This Data Is (and Isn’t) Useful For
This kind of portfolio tracking is genuinely useful for spotting which lesser known industrial and engineering companies a seasoned investor has chosen to back. That can be a good starting point for your own research.
That said, keep a few limits in mind:
- Entry price and timing aren’t disclosed, so you can’t tell if these are old, long held positions or newer additions.
- A portfolio this concentrated in general industrials carries real sector specific risk if that space slows down.
- Quarterly disclosure means the numbers here may already be a bit dated by the time you’re reading this.
- Position sizing reflects one investor’s risk tolerance and time horizon, which may look very different from yours.
Use this as a lead for further research, not a ready made buy list. A smart approach is to treat each holding as a starting point for your own homework: look at the company’s financials, management commentary, and competitive position before deciding whether it fits your own goals and risk appetite.
Summary
Girish Gulati’s disclosed portfolio is worth Rs 331.41 crore across 10 stocks, up 8.56% this quarter, with a strong tilt toward General Industrials (58.76%), Telecommunications Equipment (15.32%), and Transportation (14.46%). His top holdings, Thejo Engineering, Avantel, and Ador Welding, together make up more than two thirds of the portfolio. Recent activity shows a small buy in Jayant Agro Organics and modest trims across Kalyani Cast-Tech, TIL, and Remi Edelstahl Tubulars.
FAQ
What is Girish Gulati’s biggest stock holding?
His largest disclosed holding is Thejo Engineering, valued at Rs 126.08 crore, followed by Avantel and Ador Welding.
Why is Girish Gulati’s portfolio so weighted toward industrials?
General Industrials makes up 58.76% of his portfolio, largely driven by his top holdings Thejo Engineering and Ador Welding, both industrial and engineering focused businesses.
Did Girish Gulati buy or sell more stocks this quarter?
Selling activity was more prominent, with trims in Kalyani Cast-Tech, TIL, and Remi Edelstahl Tubulars, while buying was limited to a small 0.01% increase in Jayant Agro Organics.
How many stocks does Girish Gulati hold?
His disclosed Superstar Portfolio includes 10 stocks, making it a relatively concentrated portfolio compared to more diversified investor books.
Is Girish Gulati’s portfolio a good stock picking guide to copy?
It can be a useful research starting point, but entry prices, timing, and his personal risk tolerance aren’t disclosed, so it shouldn’t be treated as a direct signal to copy trades.
Key Takeaways
- Girish Gulati’s disclosed portfolio is worth Rs 331.41 crore across 10 stocks, up 8.56% this quarter.
- General Industrials dominates the sector mix at 58.76%, followed by Telecommunications Equipment and Transportation.
- Top holdings are Thejo Engineering, Avantel, and Ador Welding, together over two thirds of the portfolio.
- Recent buying was minimal (Jayant Agro Organics), while selling touched three smaller positions.
- The portfolio’s concentration in industrials suggests a conviction driven, sector focused investing style.
- This data reflects SEBI’s 1% shareholding disclosure rule and updates only once a quarter.
- Treat this as a research lead, not investment advice or a signal to copy trades.
