Dolly Khanna Portfolio in 2025
Dolly Khanna is one of India’s most astute stock investors, known for identifying small– and mid-cap stocks that turn into multi-baggers. Dolly Khanna’s investment philosophy teaches us how to select fundamentally strong companies and build a portfolio over time. This blog will look into her key holdings, sectors and the investment strategies behind her consistent success in the market.
Dolly Khanna’s Investment Portfolio in 2025
From small-cap companies with untapped potential to well-established companies with a proven track record, Dolly Khanna’s portfolio includes a mix of stocks spanning various sectors. Here is Dolly Khanna’s portfolio breakdown of 17 active stocks from a total of 33 stock(s) owned.
| Stock | Latest Shareholdings (in cr.) |
|---|---|
| KCP Sugar and Industries Corp Ltd | 7 |
| Mangalore Chemicals and Fertilisers Ltd | 141 |
| National Oxygen Ltd | 1 |
| Prakash Industries Ltd | 76.25 |
| Prakash Pipes Ltd | 27.78 |
| Rajshree Sugars & Chemicals Ltd | 1.82 |
| Som Distilleries And Breweries Ltd | 89.73 |
| Talbros Automotive Components Ltd | 18.38 |
| Savera Industries Ltd | 2.08 |
| Zuari Industries Ltd | 15.43 |
| 20 Microns Ltd | 16.59 |
| Emkay Global Financial Services Ltd | 16 |
| GHCL Ltd | 62.49 |
| Polyplex Corp Ltd | 40.17 |
| Coffee Day Enterprises Ltd | 11.55 |
| Sarla Performance Fibers Ltd | 9.58 |
| Southern Petrochemical Industries Corporation Ltd | 28.85 |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Who is Dolly Khanna?
Dolly Khanna, a Chennai-based investor, is known as the “Quiet Investor” because she prefers to stay away from the limelight. However, Dolly Khanna’s portfolio is managed by her husband Rajiv Khanna. He is an IIT-Madras graduate and had started Kwality Milk Foods, a frozen yoghurt company, in 1986 and sold it to Hindustan Unilever Ltd.
Though she prefers to keep a low profile, Dolly Khanna’s portfolio speaks volumes about her investment acumen. But what sets Dolly Khanna’s stock portfolio apart? It is her ability to spot small and mid-cap companies that are often ignored by mainstream investors.
Dolly Khanna’s stock strategy is based on:
- Thorough research of the companies
- Focus on businesses with strong fundamentals, unique market positioning and long term growth potential
She has an eye for sectors that are growing and has invested in sectors like chemicals, textiles, and FMCG consumer goods.
About Top Stocks in Dolly Khanna Portfolio
Let’s have a look at the top stocks present in Dolly Khanna investment portfolio.
This India-based business has interests in cement, heavy engineering, sugar, power, and healthcare. The company’s cement division manufactures various types of cement, catering to the construction industry. KCP Ltd.’s other businesses include engineering products, sugar production, and renewable energy generation.
An Indian company is engaged in the production and distribution of alcoholic beverages. It offers a wide range of spirits, including whiskey, rum, vodka, brandy, and gin, catering to both domestic and international markets. The company operates multiple distilleries and breweries across India and has a presence in over 42 countries.
An Indian company engaged in the manufacturing and sale of lead and lead alloys. The company’s product portfolio includes lead oxide, litharge, red lead, and lead alloys. These are found applications in diverse industries such as batteries, ceramics, glass, and pigments. Pondy Oxides & Chemicals emphasises quality control and environmental sustainability in its operations.
Dolly Khanna Multibagger Stocks
Dolly Khanna is called the “Queen of Multibaggers” for her consistent multibagger stock picks. Here are some of Dolly Khanna’s stock picks that have given great returns:
| Stock | Description | 1-Year Return |
| Mangalore Chemicals & Fertilisers Ltd | Bengaluru-based fertiliser and speciality chemicals maker | 173% |
| Nitin Spinners | Textile manufacturer | –16% |
| Monte Carlo Fashions | Branded apparel company | –12% |
| Prakash Pipes | Plastics-manufacturing company | 27.00% |
Dolly Khanna’s Latest Portfolio Analysis – Sector-Wise Investment
Here’s a sector-wise breakup of Dolly Khanna Portfolio with holdings:
In Dolly Khanna portfolio, traditional stocks such as manufacturing, textiles, chemicals, and sugar typically make up the majority of her holdings.
- Textiles: Dolly Khanna has shown interest in the textile sector, including companies involved in yarn production, fabric manufacturing, and clothing brands.
- Chemicals: Dolly Khanna Portfolio includes chemical companies, including those manufacturing speciality chemicals, rubber chemicals, and carbon products.
- Auto Ancillaries: Dolly Khanna latest investments have been associated with auto ancillary companies, including those manufacturing components for automobiles.
Dolly Khanna Net-Worth Trend
As of June 2025, Dolly Khanna’s publicly disclosed equity portfolio is valued at approximately ₹565.9 cr, spread across 17 stocks. In June 2024, her net worth stood near ₹580.3 cr, indicating a modest dip over the year. After a challenging market phase, Dolly Khanna portfolio performance rebounded 42% in early FY26, reaching around ₹555 cr, driven by gains in select mid- and small-cap holdings.
Latest Additions in Dolly Khanna’s Investment Portfolio 2025
Below are the Dolly Khanna portfolio updates on the new stakes acquired during FY25:
- Coffee Day Enterprises Ltd: Dolly Khanna acquired a 1.6% stake, worth about ₹13 cr, in Coffee Day Enterprises with market cap of ₹842 cr during the June 2025 quarter.
- Mangalore Chemicals & Fertilisers Ltd: A significant increase in stake was reported in this multibagger name, making it one of her larger holdings in the chemicals space (precise percentage not disclosed in Q2 filings).
- Som Distilleries & Breweries Ltd: A new position disclosed during FY25, with Dolly Khanna entering the portfolio among a small set of select consumer names.
- 20 Microns Ltd: Featured in Dolly Khanna’s shareholding data, with acquisition confirmed in Q2 FY25, reflecting her evolving stock buying pattern in the materials sector.
- Prakash Industries Ltd: An increased stake appeared in the June 2025 quarter, reflecting exposure to mid-cap steel/industrial segments.
- Rajshree Sugars & Chemicals Ltd: Acquired a stake during FY25, expanding her presence in the agro-chemicals and sugar industry space.
- GHCL Ltd: A new small- to mid-sized position added in the Q2 FY25 shareholding data, indicative of selective exposure to speciality chemicals.
Latest Selling Pattern from Dolly Khanna Portfolio List in 2025
Below is the list of 5 stocks that were downsized from Dolly Khanna Portfolio 2025.
- Prakash Pipes Ltd: A packaging and piping company engaged in manufacturing PVC pipes, flexible packaging films, and fittings.
- Savera Industries Ltd: The company operates in the hospitality sector and owns a portfolio of hotels, catering to the mid-range and premium segments.
- Polyplex Corp Ltd: A global manufacturer of polyester film used in packaging, electrical insulation, and imaging applications.
- Talbros Automotive Components Ltd: The company specialises in gaskets, forgings, and chassis components for automotive OEMs and the aftermarket.
- Emkay Global Financial Services Ltd: A diversified financial services firm offering investment banking, equity research, and wealth management solutions.
Dolly Khanna Investment Strategy
Rajiv Khanna, the key decision maker behind the Dolly Khanna portfolio, looks for long-term growth opportunities that also come in the small and mid-cap space. Their strategy is a mix of patience and selectivity to find scalable businesses early in their growth cycle. Their strategy includes:
- Small and Mid Cap Growth: The portfolio is focused on small and mid-cap companies with scalable business models. These are early-stage companies showing strong potential for long-term growth.
- Long-term Holding: Stocks are held for long periods to give the business time to grow. This patient approach has given multibagger returns in some of the investments.
- Sector Preferences with Flexibility: While the portfolio is slightly tilted towards manufacturing, chemicals and agriculture, the Khannas are open to opportunities in other sectors depending on the market conditions.
- Recent Thematic Investments: Recent additions like Radico Khaitan and Som Distilleries are in the alcohol space, aligned with consumption-driven themes and sectoral tailwinds.
- Quarterly Portfolio Review: Holdings are reviewed every quarter. This ensures alignment with emerging trends and allows for strategic changes without frequent portfolio churn.
- Growth-Oriented, Not Pure Value: Although Rajiv Khanna values fundamentals, he prefers a growth-oriented approach over traditional value investing. Stock selection is based on future earnings visibility and business momentum.
Learnings from Dolly Khanna Portfolio Strategy
Dolly Khanna’s portfolio and investment style have many lessons for investors. Here are a few:
- Multibagger Focus: Dolly Khanna’s success lies in identifying multibagger stocks that can multiply in value over time.
- Early-stage Investing: Dolly Khanna invests in companies in early stages of growth. This allows her to benefit from the upside as the companies grow.
- Diversification: While Dolly Khanna’s Portfolio has sector biases, her portfolio is diversified across industries. This diversification helps to mitigate risks and catch opportunities in multiple sectors.
- Long-term View: Dolly Khanna Portfolio holds stocks for a long time, allowing businesses to grow and stocks to give good returns. This long-term view is key to riding out market volatility.
- In-depth Research and Fundamentals: Dolly Khanna holdings are based on thorough research and analysis of companies’ fundamentals. A typical analysis of Dolly Khanna portfolio involves studying industry trends, financials and long-term growth potential.
- Active Portfolio Management: Dolly Khanna reviews and rebalances her portfolio regularly based on market changes and new investment opportunities. This active management ensures her portfolio stays aligned.
- Patience and Conviction: Dolly Khanna’s stocks show patience and conviction in her investment decisions. She sticks to her investment thesis even during market volatility or short-term fluctuations.
To Wrap Up…
Dolly Khanna focuses on undervalued small and mid-cap companies with strong fundamentals and long-term growth potential, especially in sectors she knows well. Her disciplined approach to investing has given her many multibaggers over the years, and her style is widely followed for its consistency. Interest in Dolly Khanna’s portfolio continues to grow as market participants track her sectoral moves and portfolio changes.
Dolly Khanna is a Chennai-based investor who identifies multibagger stocks in the small and mid cap space. Dolly Khanna portfolio is managed by her husband Rajiv Khanna, who is an IIT Madras graduate.
Dolly Khanna portfolio includes Chennai Petroleum Corporation, Som Distilleries, Prakash Industries, GHCL Limited, and Mangalore Chemicals & Fertilisers. Total value is around ₹565.89 cr. across 17 stocks, Dolly Khanna portfolio returns over time.
Dolly Khanna investment strategy mainly focuses on identifying undervalued small and mid-cap companies with strong growth potential across diversified sectors.
Dolly Khanna invests in traditional industries like manufacturing, chemicals, textiles, and auto components. This sectoral focus plays a big role in Dolly Khanna holdings analysis, especially when we look at long-term consistency and themes.
Dolly Khanna invests mainly in small- and mid-cap companies with strong fundamentals and high growth potential, particularly in traditional sectors such as manufacturing, textiles, chemicals, and sugar.
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