Ace investor Ashish Kacholia, popularly known as the 'Big Whale', has increased his stake in recently listed Indo SMC, an Ahmedabad-based maker of electrical infrastructure equipment, during the first quarter of FY27.
Official shareholding data shows that Kacholia's stake in the company rose to 3.03% from 2.46%, with the market veteran adding 1.3 lakh shares to his portfolio. The move comes even as Indo SMC has delivered a sharp rally since its stock market debut in January. The stock has gained 206% over the past six months and around 190% since the beginning of the year.
Indo SMC Q1 business update
Indo SMC on Thursday released its Q1 business update, reporting revenue of Rs 88.12 crore, marking a 136% year-on-year increase. The company said it remains well positioned to benefit from increasing investments in power distribution infrastructure, industrial electrification and composite material applications.
Indo SMC highlighted its diversified portfolio across SMC, FRP and electrical components, supported by four strategically located manufacturing facilities. The company is also continuing to invest in manufacturing automation and capacity expansion, while expanding its product development pipeline with offerings such as metering cubicles, VCB panels and RMUs.
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Earlier this week, Indo SMC announced that it had received a purchase order worth Rs 66.60 crore from a prominent Indian certified engineering company engaged in heavy fabrication for core sectors including power, sugar, cement, infrastructure and railways, with operations based in Maharashtra.
Under the order, Indo SMC will supply Variable Frequency Drive (VFD) panels. The purchase order, dated July 21, 2026, requires the company to complete the supply by July 31, 2026.
Indo SMC is an integrated manufacturer of advanced electrical enclosures, transformers, switchgear, SMC and FRP-based products serving the power distribution, industrial and infrastructure sectors.
The company operates through dedicated SMC, FRP and Electrical Component divisions, with manufacturing facilities across Gujarat, Maharashtra and Rajasthan. Its operations are supported by in-house research and development and testing capabilities.
According to Trendlyne data, Ashish Kacholia publicly holds 48 stocks with a net worth of over Rs nearly Rs 2,900 crore.
During the June 2026 quarter, Kacholia reshuffled his portfolio by adding a fresh position and increasing his stake in two companies. At the same time, he trimmed holdings in several stocks, while his stake in three companies fell below the 1% disclosure threshold, potentially indicating likely exits.
Also Read | Ashish Kacholia's Q1 portfolio: 13 stocks the ace investor bought, sold or likely exited. Full list
Kacholia added Asian Energy to his portfolio during the quarter, with the stock accounting for 1.2% of his portfolio, representing 5.74 lakh shares. In TechEra Engineering, his stake increased marginally to 6.3% from 6.2%, with his holding now exceeding 1 crore shares.
The investor trimmed his positions in several companies during the quarter. His stake in Tanfac Industries declined to 1.6% from 1.7%, while his holding in Balu Forge fell to 1.58% from 1.6%. In Zaggle Prepaid Ocean, Kacholia reduced his stake to 2.16% from 2.2%. He also cut his holding in Yasho Industries to 2.08% from 2.37%.
The reduction was more significant in Fineotex Chemicals, where his stake fell to 2.06% from 2.60%, a decline of 0.54 percentage points. Kacholia also reduced his holding in Beta Drugs to 11% from 12.5%. In Vasa Denticity, his stake declined to 1.3% from 2.7%.
Meanwhile, Kacholia's holdings in three companies fell below the 1% mark for the first time in June 2026. His stake in Walchandnagar Industries fell below 1% from 1.5% in March, while his holding in SG Finserve dropped below 1% from 2.4%. His stake in Jain Resource Recycling also fell below 1%, compared with 1.1% at the end of the March 2026 quarter. These changes potentially hint at likely exits from the three companies.
Kacholia is among India's most closely watched smallcap investors, with his portfolio activity regularly drawing attention from retail and institutional investors. His investment decisions are widely tracked as indicators of emerging opportunities and changing market sentiment.
