Latest Mukul Agrawal Shareholdings and Portfolio in 2026
Mukul Agrawal is a well-known Indian equity investor and the founder-chairman of Param Capital Group. He is widely followed for his research-led approach and for identifying small-cap and mid-cap companies across sectors. As per the latest corporate shareholding data, his publicly disclosed portfolio includes 73 stocks with a net worth of over 6,425.3 cr., which keeps him among the closely tracked investors in the Indian stock market. In this article, we cover the stocks in Mukul Agrawal’s portfolio, his latest additions and exits, sector-wise distribution, and more.
Latest Mukul Agrawal Shareholding in 2026
Here is a list of 73 active stocks in a Mukul Agrawal’s portfolio in 2026
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 Mukul Agrawal?
Mukul Agrawal is a widely tracked Indian equity investor and the founder and chairman of Param Capital Group. Active in the stock market since the 1990s, he is known for identifying small-cap and mid-cap companies early and holding them through their growth phase.
He maintains separate portfolios for investment and trading. Among his current holdings, Neuland Laboratories is one of the largest by value. His disclosed portfolio also includes companies from sectors such as engineering, healthcare, infrastructure, and financial services.
Career & Business Endeavours of Mukul Agarwal
- Grey-Market Beginnings (Early 1990s): Started trading unlisted IPOs on Dalal Street, earning his first lakhs by age 23 through sharp analysis and trust-building.
- Param Capital Group (Founded 1993): A sector-agnostic trading and investment firm headquartered in Mumbai’s BKC, managing both public and private portfolios.
- Agarwal Corporates (Founded 2003): Financial education and consultancy services, offering workshops and stock-market training.
- Finowings (Founded 2022): A trading academy holding a Guinness World Record for the largest “financial freedom conclave” of 1,806 attendees (Dec 11, 2022).
- Plaksha Foundation (Founded 2021): Trustee of a Mohali-based private engineering institution providing interdisciplinary curricula to solve real-world problems.
Overview of Stocks in Mukul Agarwal Portfolio
Here is an overview of Mukul Agrawal’s portfolio companies in 2026.
- Neuland Laboratories Ltd: Neuland Laboratories Ltd is a pharmaceutical company focused on active pharmaceutical ingredients, or APIs. It works as a global API development and manufacturing company and supports pharma and biotech businesses with complex APIs, peptides, and scale-up from clinical-stage production to commercial manufacturing.
- Radico Khaitan Ltd: Radico Khaitan Ltd is one of India’s oldest and largest Indian Made Foreign Liquor companies. It manufactures and markets branded spirits across categories such as whisky, vodka, rum, brandy, and gin, and has grown from a bulk spirits supplier into a large branded liquor business.
- ASM Technologies Ltd: ASM Technologies Ltd is an engineering and product R&D services company. It provides consulting, engineering services, and product development support, with operations across India and several overseas markets, including the US, Singapore, the UK, Canada, Mexico, and Japan.
- Nuvama Wealth Management Ltd: Nuvama Wealth Management Ltd is a financial services company focused on wealth and investment solutions. Its broader platform serves affluent, high-net-worth, and ultra-high-net-worth clients across services such as wealth management, broking, investment products, portfolio management, clearing and custody, and related advisory offerings.
- Zota Health Care Ltd: Zota Health Care Ltd is an Indian pharmaceutical company engaged in the development, manufacturing, marketing, export, and retail of pharmaceutical products. Its portfolio includes pharmaceutical, nutraceutical, and ayurvedic products for both domestic and international markets.
Mukul Mahavir Agrawal Portfolio – Sector Split Overview
Here’s a Mukul Agrawal portfolio sectors-wise breakdown.
Mukul has invested in 11 sectors, but here are the top 5 sectors where he has invested the most.
- Healthcare & Pharma: This is Mukul Agrawal’s largest sector exposure. It includes pharmaceutical and healthcare businesses involved in APIs, formulations, speciality healthcare products, and hospital-linked services. Some of the top names in this sector are Neuland Laboratories, Zota Health Care, Onesource Specialty Pharma, Dishman Carbogen Amcis, and Strides Pharma Science.
- Technology & Digital Services: This sector includes companies that operate in software, IT services, digital platforms, and enterprise technology solutions. It reflects exposure to businesses linked to automation and digital transformation. The top names here include ASM Technologies, Intellect Design Arena, MPS, Unified Data-Tech Solutions, and Infobeans Technologies.
- Capital Goods, Industrials & Engineering: This sector covers industrial manufacturing, engineering solutions, equipment makers, and project-based businesses. These companies are often linked to infrastructure and industrial activity. Some of the top holdings in this space are PTC Industries, Capacite Infraprojects, KRN Heat Exchanger and Refrigeration, TAAL Enterprises, and WPIL.
- Financial Services: This sector includes banks, NBFCs, wealth-related businesses, and other financial companies. It gives exposure to lending, financial intermediation, and money management. The key names here are Nuvama Wealth Management, Jammu and Kashmir Bank, Arman Financial Services, Suryoday Small Finance Bank, and Laxmi India Finance.
- Metals, Mining & Materials: This sector includes companies engaged in metals, ferro alloys, mining-related products, and industrial raw materials. These businesses are usually tied to manufacturing, construction, and infrastructure demand. The main names in this bucket are Sarda Energy & Minerals, Indian Metals and Ferro Alloys, Kirloskar Ferrous Industries, Prakash Industries, and Monolithisch India.
Which Stocks were Added to Mukul Agrawal’s Portfolio List?
Mukul Mahavir Agrawal’s portfolio 2026 additions consist of the following stocks:
- Sudeep Pharma Ltd: Sudeep Pharma is a pharmaceutical manufacturer focused on contract manufacturing and API production. Agrawal picked up a 1.3% stake (1,500,117 shares, ₹93 cr), betting on the company’s positioning in India’s growing contract pharma segment.
- Hindustan Construction Company Ltd: HCC is one of India’s oldest infrastructure and civil engineering companies, with a strong presence in hydropower, tunnelling, nuclear power and transportation projects. Agrawal initiated a 1.7% stake (44,019,921 shares, ₹69 cr), signalling conviction in India’s large-ticket infrastructure pipeline.
- Sirca Paints India Ltd: Sirca Paints is an Italian-origin speciality wood coatings and paints brand with premium positioning in India’s decorative paints market. Agrawal holds a 2.5% stake (1,433,421 shares, ₹62 cr), targeting the premiumisation trend in home renovation and interiors.
Downsized Mukul Agrawal Stocks from Portfolio?
Mukul Agrawal trimmed or exited the following stocks in 2026:
- Transpek Industry Ltd: Stake trimmed by 0.8% (from 10.6% to 9.8%), signalling a deliberate reduction in one of its larger holdings, possibly to manage concentration risk in speciality chemicals.
- Zota Health Care Ltd: The largest reduction of the quarter, stake cut by 0.7% (from 8.2% to 7.5%), likely reflecting partial profit-booking following strong multi-year gains in the pharma space.
- ASM Technologies Ltd: Stake pared by 0.4% (from 10.7% to 10.3%) in this IT engineering services firm, suggesting light trimming at elevated valuations after a strong 2024 run.
- Pearl Global Industries Ltd: A 0.2% stake reduction (1.7% to 1.5%) reflects a gradual trimming of this apparel exporter, continuing a trend of slowly reducing exposure from earlier high-conviction levels.
- Vidhi Speciality Food Ingredients Ltd: Stake reduced by 0.2% (3.0% to 2.8%), a minor trim in this food ingredients manufacturer, indicating portfolio fine-tuning rather than a directional exit.
- Autoriders International Ltd: A 0.2% stake cut (4.1% to 3.9%) in this logistics and mobility services company, consistent with broader portfolio rebalancing in the transport sector.
Mukul Agrawal Net Worth
Based on the latest corporate shareholdings filed, Mukul Agrawal has a net worth of over ₹ 6,425.3 cr. based on his 73 stock holdings. Below is a snapshot of his net worth trend over the last ten years as of March 2026:
Mukul Agrawal Investment Strategy
- Valuable Guidance for Investors: Mukul Agrawal’s investment strategies and insights offer valuable guidance for individuals seeking to build a successful investment portfolio.
- Importance of Research and Analysis: His emphasis on conducting comprehensive research and analysis enables investors to make well-informed decisions, which is especially vital in today’s challenging and volatile market environment.
- Patience, Discipline, and Long-term Mindset: Making money in the market requires patience, discipline, and a long-term investment mindset. Mukul highlights the importance of avoiding impulsive decisions driven by short-term market fluctuations, and by adopting a disciplined approach, investors can optimise returns over time.
- Advocacy for Diversification: He is a firm believer in the saying, ‘Don’t put all your eggs in one basket.’ Mukul Agrawal’s portfolio diversification across different stocks and industries increases the chances of earning significant returns.
Learnings From Mukul Mahavir Agrawal Portfolio
- Diversification of Investments: Mukul Mahavir Agrawal’s portfolio clearly reflects a well-diversified approach to investments. This diversification helps him mitigate risks and optimise returns.
- Focus on Long-Term Growth: His portfolio emphasises long-term growth rather than short-term gains. His investment choices demonstrate a strategic vision that focuses on steady and sustainable growth over time.
- Strong Research and Due Diligence: Mukul’s portfolio reflects a meticulous approach to research and due diligence. Thoroughly analysing and carefully selecting each investment, we base our decisions on factors such as market trends, financial performance, and growth potential.
- Continuous Learning and Adaptability: Mukul Mahavir Agrawal’s stock portfolio shows a willingness to adapt to changing market conditions and learn from past experiences. His ability to identify new opportunities and adjust his investment strategy accordingly is a valuable lesson for individuals seeking success in any field.
To Wrap It Up…
Mukul Agrawal has built a strong and diverse portfolio worth over ₹6,425.3 cr by focusing on careful research. He believes in investing for the long term, avoiding impulsive moves, and spreading investments across different sectors. The patient and thoughtful approach helps manage Mukul Agrawal’s portfolio risk profile and find growth opportunities, making his strategy a good example for investors aiming to create lasting wealth in India’s stock market.
smallcase features over 500 portfolios curated by SEBI-registered experts, offering a variety of investment options.
FAQs on Mukul Agrawal Portfolio
Mukul Agrawal is an Indian equity investor and the founder of Param Capital. He is widely tracked for his publicly disclosed stock holdings and is known for identifying companies across small-cap and mid-cap segments.
As of the December 2025 quarter, Mukul Agrawal’s publicly disclosed equity portfolio was valued at about ₹6,604 cr. This value changes from quarter to quarter based on stock prices and portfolio changes.
As per the latest shareholding data, Mukul Agrawal’s portfolio had 73 active stocks. This shows that Mukul’s preference is for a fairly broad portfolio spread across multiple sectors and company sizes.
Mukul Agrawal’s approach appears to be research-led and long-term in nature. His portfolio shows a preference for businesses across growth-oriented sectors, with a mix of conviction-based holdings and broader diversification to reduce concentration risk.
Mukul Agrawal’s portfolio has meaningful exposure to sectors such as healthcare and pharma, technology, industrials and engineering, financial services, consumer businesses, and metals. This shows that his portfolio is not built around just one theme or sector.
Mukul’s portfolio is spread across several sectors, including pharma, textiles, infrastructure, IT, financial services, and consumer-focused businesses. This level of diversification helps balance exposure across different parts of the economy.
Some of the larger holdings in his portfolio by value include Neuland Laboratories, Radico Khaitan, ASM Technologies, Nuvama Wealth Management, and Zota Health Care.
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
No, his portfolio is not limited to one market-cap category. While he is often associated with small-cap and mid-cap investing, his disclosed holdings include a mix of companies across different sizes and sectors.
Know More About Star Investors on smallcase –
Learn More about few of the other star investors, their investment strategies, stocks investments, net worth and much more –
