By Suhel Khan
Dalal Street watches closely when the “Big Whale” stirs, and Ashish Kacholia just made some waves. This renowned investor, known for his knack for spotting future multibaggers, has quietly added 2 new stocks to his portfolio.
Kacholia’s focus on small and mid-sized companies with high-growth potential makes his moves particularly significant, often influencing the decisions of other investors. His “Big Whale” nickname reflects the market’s sensitivity to his activity. These recent buys are especially intriguing given the current market downturn
ALSO READTop 5 cheapest stocks in India
So, what are these 2 new additions to Kacholia’s portfolio? Let’s take a look.
Aelea Commodities Ltd (ACL)
The first company that has caught the Big Whale’s attention, is Aelea Commodities Ltd, which was incorporated in 2018 and is in the business of trading agri-commodities.
ACL came out with an initial public offer of its equity shares aggregating to Rs. 51 Cr. on July 18, 2024, and got listed on the BSE SME platform.
Ashish Kacholia has bought 3.80% of the company’s shares via his holding company Suryavanshi Commotrade Private Limited, as per the exchange filings made for the quarter ending December 2024.
ACL is primarily focussed on processing cashew nuts. The company specializes in processing RCN (Raw Cashew Nuts) into cashew kernels and engages in trading activities for RCN and other agricultural products like sugar and bagasse.
With a market cap of Rs 408 cr, ACL has clientele that includes companies like Reliance Retail, LRCM Sugars, Kejriwal Sweeteners LLP, MK Traders, etc.
ACL beats most of its peers in comparison when it comes to ROCE (Return on Capital Employed) with the current ROCE of 25% while the industry median is 15%.
ACL’s sales have seen a rather bumpy road in the last few years.
FYMar-21Mar-22Mar-23Mar-24Sales (In Cr)475103109142
As compared to the sales figure in FY21, which was Rs 475 cr, the figure of Rs 142 Cr for FY24 is a 70% drop in absolute terms if the two years are compared. However, Between FY22, FY23 and FY24 the company has seen steady growth in sales numbers.
The company reports half yearly financials, and at the end of September 2024,
» Read More
