This post was most recently updated on September 20th, 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.
Over the last couple of decades, RK Damani has built a stock portfolio worth Rs. 2 lakh crore, making him one of the richest people in India.
In this article, we’ll take a closer look at the latest Radhakishan Damani portfolio, including the stocks he holds, his stock portfolio net worth, and his investment strategy.
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Latest Radhakishan Damani Portfolio Stock Holdings in 2023
|STOCK||HOLDING VALUE (RS.)||JUN 2023 HOLDING %|
|Avenue Supermarts Ltd.||162,462.6 Cr||67.20%|
|VST Industries Ltd.||1,754.1 Cr||30.70%|
|India Cements Ltd.||1,382.6 Cr||20.80%|
|Trent Ltd.||938.2 Cr||1.50%|
|Sundaram Finance Ltd.||696.9 Cr||2.40%|
|United Breweries Ltd.||501.9 Cr||1.20%|
|3M India Ltd.||463.3 Cr||1.50%|
|Blue Dart Express Ltd.||212.5 Cr||1.30%|
|Sundaram Finance Holdings Ltd.||50.8 Cr||1.90%|
|Aptech Ltd.||40.8 Cr||3.00%|
|Andhra Paper Ltd.||20.9 Cr||1.30%|
|Advani Hotels & Resorts (India) Ltd.||17.4 Cr||4.20%|
|BF Utilities Ltd.||14.2 Cr||1.00%|
|Mangalam Organics Ltd.||8.4 Cr||2.20%|
Radhakishan Damani Personal Details
|Full Name||Radhakishan Shivkishan Damani|
|Born||12 July 1955|
|Occupation||Business Owner, Investor|
Radhakishan Damani Personal 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 shorting stocks that 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.
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What is Radhakishan Damani’s Story?
Radhakishan Damani started his life in a small place called Karad, Maharashtra. He began investing in the Indian stock market when he was 20 years old, following his father.
Radhakishan Damani 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 over 200000 cr in 2023 which makes him the 2nd richest person in India.
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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 Damani 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.
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 Damani 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 did Radhakishan Damani Start 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, Radhakishan Damani quit his career in the stock market to launch DMART. Radhakishan Damani launched the first DMART store in 2002 in Powai.
Radhakishan Damani then made DMART public in 2017. It is interesting to note that the valuation of DMART at the time of the IPO was just 18000 cr; today, in June 2023 market cap of DMART is 290000 cr. So the return on investment in the DMART IPO is almost 15 times in a few years!
DMART is the single biggest stock in Radhakishan Damani portfolio.
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Investment Philosophy of Radhakishan Damani
Radhakishan Damani’s investment strategy is built upon the following principles:
- Embrace a value-oriented investment approach: Radhakishan Damani adopts a value-investing approach, reminiscent of Warren Buffett’s investment philosophy. He seeks out companies with strong fundamentals, a proven track record, and a competitive advantage. His focus lies in long-term investments, prioritizing earnings growth over short-term market fluctuations.
- Utilize fundamental bottom-up research: Radhakishan Damani employs a fundamental bottom-up research methodology to identify high-quality businesses that possess robust structural positioning, sustainable competitive advantages, and consistent long-term growth potential. Before investing, he thoroughly analyzes a company’s fundamentals, growth prospects, competitive edge, and valuation.
- Foster diversification across sectors: Radhakishan Damani diversifies his portfolio across multiple sectors, including FMCG, hospitality, finance, logistics, and more. Additionally, he actively seeks out undervalued opportunities or hidden gems with substantial growth potential, which may have been overlooked by the market.
- Implement risk management strategies: Radhakishan Damani applies risk management techniques to safeguard his portfolio against unforeseen events or market downturns. He avoids investing in highly leveraged or speculative companies that carry a high risk of failure. Furthermore, he maintains a cash reserve to capitalize on market corrections or seize new opportunities as they arise.
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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.
FAQs on Radhakishan Damani Portfolio
What is Radhakishan Damani Portfolio net worth?
As of September 2023, 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 of 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’s education?
Radhakishan Damani studied commerce at the University of Mumbai but dropped out after one year.
What is the portfolio of R K Damani?
Radhakishan Damani’s portfolio consists of a diverse range of holdings, including blue-chip stocks, real estate, and other strategic investments. With a keen eye for value, Damani’s portfolio is carefully curated to deliver long-term growth and stability, making him a prominent figure in the investment community. Explore Damani’s holdings and gain insights into his investment strategy.
What is the shareholding of RK Damani?
RK Damani’s shareholdings and portfolio as of June 30, 2023, show a publicly held stake in 6 stocks worth over Rs. 121,908.0 Cr. This data provides insight into RK Damani’s current shareholding status.
Why did Damani leave the stock market?
Damani left the stock market to start his own hypermarket chain called DMart. In 1999, he operated a franchise of Apna Bazaar but was “unconvinced” by its business model. He decided to quit the stock market in 2000 and opened the first DMart store in Powai in 2002.