When two of India’s Warren Buffetts, Mukul Agarwal and Sunil Singhania place their bets on the same companies, it is more than just a coincidence—it is a signal. These market masters known for their sharp instincts and enviable track records, rarely align in this way given different investment philosophies and strategies. Which is why these 2 stocks have caught the fancy of many.
Agarwal has long been celebrated for his ability to identify undervalued gems, while Singhania’s Abakkus is recognized for its focused, high-conviction investment approach.
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So, are these stocks hidden diamonds ready to shine, or just bold gambles poised to redefine the game? Let us dive into the details of the two companies to see if we can find the reason of this rare convergence.
Sarda Energy & Minerals Ltd (SEML)
Incorporated in 1973, Sarda Energy & Minerals Limited (Formerly known as Raipur Alloys & Steel Ltd) has integrated steel manufacturing unit with facilities, ferro alloys backed by captive thermal power plant and is presently, engaged in metal, mining, and power sector.
With a market cap of Rs 17,406 cr, SEML is an integrated steel producer of long steel products including iron pellets, sponge iron, billets, wire rods, etc.
Mukul Agarwal has held a stake in the company from March 2022 (as per data on trendlyne.com). Sunil Singhania’s Abakkus also has held a stake in the company since March 2021.
As for the quarter ending December 2024, Agarwal holds 1.19% stake and Abakkus holds 1.73% stake in SEML.
The company’s sales have grown at a compound rate of 11% from Rs 2,324 cr in FY19 to Rs 3,868 cr in FY24. For the 3 quarters of 9MFY25, SEML has logged in sales of Rs 3,404 cr already, hinting at a good fiscal year.
The EBITDA (earnings before interest, taxes, depreciation, and amortization) for SEML has grown from Rs 482 cr in FY19 t 798 cr in FY24, logging in a compounded growth of 11%. And for 9MFY25, the company has logged in EBITDA of Rs 967 cr.
Looking at net profits, SEML has seen a compound growth of 21% in 5 years,
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