Ace Investor:Radhakishan Damani Besides Dmart, VST Industries and India Cements are the two largest long-term bags of this legendary investor

Besides Dmart, VST Industries and India Cements are the two largest long-term bags of this legendary investor

by 5paisa Research Team Last Updated: Dec 15, 2022 - 12:55 pm 24.6k Views

Radhakishan Damani is betting on VST Industries Ltd and India cements Ltd for the long term.

As of June 16 2022, Radhakishan Damani has a net worth of Rs 1,84,682.87 crore. Damani is famously known to bet against Harshad Mehta. He made a lot of money shorting stocks that Harshad Mehta had manipulated. He is also known for his long-term quality fundamental stock investing.

Damani has also founded Avenue Supermarts Ltd, the 21st largest Indian publicly listed company. Avenue Supermarts Ltd is a retail giant with more than 280 retail stores in India. He holds more than 69% of the company, contributing 1,79,830.97 crore to its net worth.

VST Industries, India Cements Ltd, Trent Ltd, Sundaram Finance Ltd, and United Breweries Ltd are Damani’s other 5 largest holdings worth Rs 1,536.83 crore, Rs 1,023.62 crore, Rs 592.97 crore, Rs 473.38 crore, and Rs 472.73 crore, respectively.

In VST industries and India Cements Ltd, he has 30.16% and 21.14% stake, respectively.

VST Industries is the second-largest cigarette manufacturer and Saler in India. The company has a market capitalization of Rs 4,763.37 crore and is trading at a low PE of 14.88x. The 5-year average ROCE for the company remains strong at almost 62%. However, the stock has remained flat for the last 5 years. But the ace investor is convinced about the fundamentals of the company. On June 16 2022, at 12:26 pm, the stock is trading at Rs 3087.

India cements is Damani’s only bet in the Indian cement sector. The company has a market capitalisation of Rs 4,831.30 crore and is trading at 62.1x PE. The company has weak financials. The 3-year revenue growth is negative at –6%. The 3-year average ROE also remains low at 2%. The company is not looking great at this time. However, Damani might know sometime about the company that the retail investors are missing. Today, at 12:26 pm, the stock is trading at Rs 155.5.

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