Radhakishan Damani Portfolio in 2023
This post was most recently updated on April 12th, 2023
Radhakishan Damani is a well-known Indian stock market investor and founder of DMart, one of India’s largest retail chains. Over the years, he has established himself as one of the most successful investors in the country, with a portfolio that includes stocks from a variety of sectors. In this article, we’ll take a closer look at Radhakishan Damani portfolio, including the stocks he holds and his investment strategy.
Latest Radhakishan Damani Portfolio Stock Holdings 2023
Stocks that are part of the latest Radhakishan Damani Portfolio:
|Stock||Holding Value in Rs.||December 2022 Holding %|
|Avenue Supermarts Ltd.||146,911.4 Cr||67.50%|
|VST Industries Ltd.||1,471.9 Cr||30.70%|
|India Cements Ltd.||1,129.5 Cr||20.80%|
|Trent Ltd.||710.2 Cr||1.50%|
|Sundaram Finance Ltd.||600.5 Cr||2.40%|
|United Breweries Ltd.||459.2 Cr||1.20%|
|3M India Ltd.||372.1 Cr||1.50%|
|Blue Dart Express Ltd.||186.8 Cr||1.30%|
|Aptech Ltd.||41.5 Cr||3.00%|
|Sundaram Finance Holdings Ltd.||32.6 Cr||1.90%|
|Andhra Paper Ltd.||20.8 Cr||1.30%|
|Astra Microwave Products Ltd.||20.5 Cr||1.00%|
|Advani Hotels & Resorts (India) Ltd.||13.5 Cr||4.20%|
|BF Utilities Ltd.||11.7 Cr||1.00%|
|Mangalam Organics Ltd.||6.2 Cr||2.20%|
Radhakishan Damani Personal Details
|Full Name||Radhakishan Shivkishan Damani|
|Born||12 July 1955|
|Occupation||Business Owner, Investor|
Radhakishan Damani history
Radhakishan Damani portfolio has different stocks in it; before we look into his portfolio, let’s look at some interesting facts about him.
Radhakishan Damani is a famous investor and a self-made billionaire in India. He is also the 2nd richest person in India after Mukesh Ambani. He has made his way from a small town Karad in Maharastra to become one of the most respected value investors in the Indian share market.
Radhakishan pursued commerce at the University of Mumbai but did not complete his degree and dropped out just after one year. He started his investment career after the death of his father who worked at Dalal Street.
Radhakishan Damani started his stock market career by short-selling stocks which were at inflated prices during the Harshad Mehta scam. It is also believed that Radhakishan Damani was the largest investor in HDFC Bank after it went public in 1995.
What is Radhakishan Damani’s story?
Radhakishan Damani started his life in a small place Karad in Maharashtra. He entered investing in the Indian stock market when he was 20 years old following his father. He made a lot of money by short-selling stocks in the Harshad Mehta scam.
Radhakishan Damani is known for his value stock picking in stocks like Gillette, Sundaram finance, VST industries, etc.
Radhakishan Damani is also the largest shareholder of DMART(Avenue Supermart). Radhakishan Damani’s net worth is approx 200000 cr in 2022 which makes him the 2nd richest person in India.
Radhakishan Damani and the Triple-Rs
Radhakishan Damani and the triple-Rs is a famous story in the Indian stock market.
Harshad Mehta and the ‘triple-Rs’ first invested in ‘Apollo Tyres,’ an Indian tire company. The ‘triple-Rs’ soon realized that Harshad had bid high valuations for a tire company and hence began shorting the stock, according to their learnings from Manek.
The stock market battle between them continued for the next 2 years and was revealed in 1992 when Harshad Mehta was accused of a huge scam. Radhakishan ultimately won the battle and hence gained prominence in the stock market.
What is Radhakishan Damani, triple-Rs vs Harshad Mehta’s story?
From the late 1980s to the early 1990s, this period is considered the dark phase of the Indian stock market, Radhakishan Damani combated Harshad in the stock market. To defeat the most powerful trader of ‘Dalal Street’ of that time, RK Damani, along with a chartist named Raju and a young rookie investor, formed a non-descript group that was locally called the ‘triple-Rs.’
Harshad and the ‘triple-Rs’ first invested in ‘Apollo Tyres,’ an Indian tire company. The ‘triple-Rs’ soon realized that Harshad had bid high valuations for a tire company and hence began shorting the stock, according to their learnings from Manek.
Consider reading: Rakesh Jhunjhunwala Stocks Portfolio
The stock-market battle between them continued for the next 2 years and was revealed in 1992 when Harshad was accused of a huge scam. Radhakishan ultimately won the battle and hence gained prominence in the stock market.
In 1998, Radhakishan and Harshad locked horns in the stock-market arena again. They now had eyes on the stocks of three companies, namely, ‘Videocon,’ ‘BPL,’ and ‘Sterlite.’ Eventually, the prices fell by over 60%, and Radhakishan made huge profits.
Have a look at other famous investor’s portfolios here: Famous investors in India
How Radhakishan Damani started DMART?
In 1999, Radhakishan Damani started a cooperative departmental store called ‘Apna Bazaar’ but he was not convinced by the business model of ‘Apna Bazaar’ . in 2000 he quit his career in the stock market to launch DMART. Radhakishan Damani launched the first store of DMART in 2002 in Powai.
Radhakishan Damani then took DMART public in 2017. Interesting to note that the valuation of DMART at the time of IPO was just 18000 cr, today in October 2022 market cap of DMART is 290000 cr. So the return on investment in DMART IPO is almost 15 times in a few years!
DMART is the single biggest stock in Radhakishan Damani portfolio.
Consider reading – Top FII investors in India and their stock holdings
Investment Philosophy of Radhakishan Damani
Radhakishan Damani follows a value investing approach, which is similar to Warren Buffett’s investment philosophy. He invests in companies with strong fundamentals, a proven track record, and a competitive advantage. He also looks for companies that are undervalued by the market and have the potential to grow in the long term. You will see this philosophy reflected in Radhakishan Damani portfolio.
Consider reading: Porinju Veliyath Stocks Portfolio
Final Thoughts on Radhakishan Damani Portfolio
In conclusion, Radhakishan Damani portfolio is a testament to his investment acumen and entrepreneurial spirit. With holdings in a diverse range of companies across sectors such as retail, finance, and hospitality, Damani has proven himself to be a shrewd investor with a keen eye for value.
Radhakishan Damani’s focus on quality, long-term investments has paid off handsomely over the years, making him one of the most successful investors in India. Whether you’re a seasoned investor or just starting out, there’s much to learn from Radhakishan Damani’s investment philosophy and portfolio. So, take a page out of his book and invest wisely for long-term success in the stock market.
FAQs on Radhakishan Damani Portfolio
What is Radhakishan Damani's net worth?
As of October 2022, Radhakishan Damani Portfolio Holding's net worth is close to 200000 cr.
Who is 2nd richest person in India?
Radhakishan Damani also known as RK Damani has become 2nd richest man in India after DMART's stock price shot up manyfold after the IPO in 2017.
Who is Radhakishan Damani's brother?
Gopikishan Damani is Radhakishan Damani's brother.
How many children Radhakishan Damani has?
Radhakishan Damani has three daughters.
What are Radhakishan Damani's best investments?
Some of Radhakishan Damani's most prominent Investments have been for 'GE Capital Transportation Industries,' 'VST Industries,' 'Samtel Ltd,' 'Schlafhorst Eng (I),' 'Somany Ceramics,' 'Jay Shree Tea,' '3M India,' 'Century Textile and Industries,' 'Trent,' 'VB Holdings,' 'TV Today Network,' and 'Jubilant FoodWorks Limited.'
Is Manjri Chandak Radhakishan Damani's daughter?
Yes, Manjri Chandak is Radhakishan Damani's daughter. Manjri Chandak is also a director at Avenue supermarts.
What are the recent investments of Radhakishan Damani?
Radhakishan Damani Damani has recently picked up a stake in BF utilities, Andhra papers, and Astra microwave products.
What is the income of Radhakishan Damani?
Radhakishan Damani is a major stakeholder in Avenue Supermart(D-Mart). he enjoys dividends from D-mart stock. Apart from this, he has investments in several other stocks which help him generate trading profits as well as dividend income.
What is the full form DMart?
Dmart stands for Damani Mart. Dmart is based on Radhakrishna Damani's surname.
How does DMart earn profit?
Dmart works on a super dealer basis. It buys goods in bulk from manufacturers, and it gets a discount on those goods because of the volume it buys. It then passes on those discounts to its customers, which is why you can find such good deals at DMart.
What is Radhakishan Damani education?
Radhakishan Damani studied commerce at the University of Mumbai but dropped out after one year.
Very nice interesting histry realy well manage work did
Sir Radhakishanji u r chankya . U r genius