Radhakishan Damani Portfolio Analysis

Radhakishan Damani, also known as “Retail King of India”, is the founder of D-Mart, India’s leading retail chain. Apart from being a successful entrepreneur, Damani has built a reputation as a strategic investor in the Indian stock market. As of June 2025, Radhakishan Damani’s portfolio comprises 13 publicly disclosed stocks with a combined value of nearly ₹2 lakh cr. Radhakishan Damani’s portfolio shows his preference for diversified long-term investments in fundamentally strong stocks.  In this article, we will explore his investment portfolio, focusing on his major holdings, asset allocation, and investment strategies.

List of Stocks in Radhakishan Damani Portfolio 2025

Radhakishan Damani’s portfolio in 2025 includes the stocks of the following companies.

Stock Name	Holding Percentage	Holding Value in cr.
Avenue Supermarts Ltd	67.24	187313.83
VST Industries Ltd	29.1	1395.41
Advani Hotels and Resorts (India) Ltd	4.18	22.15
Bhagiradha Chemicals and Industries Ltd	3.32	126.87
Aptech Ltd	3.03	22.74
Sundaram Finance Ltd	2.37	1205.66
Mangalam Organics Ltd	2.17	8.91
Sundaram Finance Holdings Ltd	1.88	194.93
3M India Ltd	1.48	502.52
Trent Ltd	1.24	2353.04
United Breweries Ltd	1.23	629
Blue Dart Express Ltd	1.19	162.52
BF Utilities Ltd	1.01	27.89

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 Radhakishan Damani?

Radhakishan Damani is an Indian billionaire investor and businessman who founded Avenue Supermarts Ltd., the parent company of D-Mart. 

Damani was born in Mumbai in 1955 and overcame humble beginnings to pursue a career in the stock market after his father’s passing. He gained popularity by profiting from short-selling stocks in the 1990s and became a major shareholder of HDFC Bank. In 2002, he established D-Mart, a supermarket chain with over 300 stores in India. 

Here are some of the awards and recognitions that Radhakishan Damani has received:

• Padma Bhushan, the third-highest civilian award in India (2018)
• Ernst & Young Entrepreneur of the Year Award (2017)
• Forbes India Business Leader of the Year Award (2016)
• Economic Times Businessman of the Year Award (2015)

Overview of Radhakishan Damani Holdings 

Here is the overview of the top Radhakishan Damani holdings:

• Avenue Supermarts Ltd: Avenue Supermarts, the parent company of D-Mart, operates a successful retail chain offering a wide variety of products. It has become a big player in India’s retail market, known for its affordability and quality.
• VST Industries Ltd: VST Industries holds a leading position in the tobacco industry, and it specialises in the manufacturing of cigarettes and other tobacco products. The company is known for its strong market presence and high-quality products.
• Bhagiradha Chemicals & Industries Ltd: Bhagiradha Chemicals & Industries is an Indian agrochemical company that manufactures a range of crop protection products, including insecticides, herbicides, and fungicides. The company exports its products to over 14 countries and operates a manufacturing facility in Ongole, Andhra Pradesh.
• Advani Hotels & Resorts India Ltd: Advani Hotels & Resorts operates hotels and resorts across India, offering exceptional accommodation, dining, and event services. The company is committed to providing memorable guest experiences in the hospitality industry.
• Aptech Ltd: Aptech Ltd is a global leader in IT and computer education, offering various training programs in software development, networking, and digital marketing. It has built a strong reputation with its network of training centres and its contribution to the IT skill development space.

Sector-Wise Breakdown of Radhakishan Damani Portfolio 

Radhakishan Damani has diversified his portfolio across various sectors. Here is a representation of  Radhakishan Damani’s portfolio analysis based on sectors: 

• Retail: Damani is the highest shareholder of Avenue Supermarts Limited, the company behind D-Mart. It shows that Damani has high confidence in the Indian retail market and recognises the growth potential within this sector.
• Paints and coatings: Radhakishan Damani has also invested in VST Industries Limited, a leading paints and coatings manufacturer in India. 
• Cement: Radhakishan Damani is bullish about the demand for growing infrastructure in India, and it reflects in his investment in cement companies. Damani has a stake in India Cements Limited, one of the major cement manufacturers in India. 
• Hospitality: Radhakishan Damani’s portfolio includes Advani Hotels & Resorts India Ltd, a well-established name in India’s hospitality sector. With the growing demand for travel and accommodation, this investment offers strong growth prospects.
• IT Training: Damani’s stake in Aptech Ltd reflects his confidence in India’s demand for the IT sector. Aptech provides training for tech professionals, benefiting from the increasing demand for skilled workers in the industry.

Radhakishan Damani Net Worth Trend

As of July 2025, his net worth is estimated to be around 1,93,965.47 cr.  One of the main reasons behind this growth is Avenue Supermarts Ltd. (DMart). Despite stock fluctuations, DMart continues to be a key contributor to his wealth.

Damani also holds stakes in companies like VST Industries, India Cements, and Advani Hotels & Resorts India Ltd. His real estate investments, including a ₹1,001 cr bungalow in Mumbai and 28 luxury apartments valued at ₹1,238 cr, further diversify his asset base.

Radhakishan Damani Investments & Disinvestments 

Let’s take a look at the shares sold and bought by Radhakishan Damani since 2024. 

Shares Bought by Radhakishan Damani

Since June 2024, Radhakishan Damani has only increased his shareholding in Bhagiradha Chemicals & Industries Ltd. by 3.32%. 

Shares Sold by Radhakishan Damani

Radhakishan Damani has reduced his shareholding in VST Industries by 0.23% and in Trent Ltd. by -0.03%.

Radhakishan Damani Investment Strategy

Radhakishan Damani’s strategy in the stock market focused on a few key principles:

1. Value Investing: Damani looks for companies whose stock prices are below their true value, seeing them as opportunities where the market has underestimated their potential.
2. Long-Term Focus: Damani invests with a long-term view, understanding that companies need time to realise their full potential. He is willing to wait for the stock market to reflect this.
3. Concentrated Portfolio: Damani keeps a focused portfolio, concentrating on a very few stocks. Currently, only 13 companies are part of his portfolio, which allows him to do rebalancing promptly and manage risks effectively.
4. Contrarian Approach: Damani often invests in companies that are out of favour with the market. He believes these undervalued stocks can perform well over time, even if they are overlooked by others.

Learnings from Radhakishan Damani Portfolio Analysis

Here are some key takeaways from Radhakishan Damani’s investment approach:

• Focus on Strong Fundamentals: Most of the stocks in Radhakishan Damani’s Portfolio have strong fundamentals. He believes these companies are more likely to succeed in the long run, making them good investment options.
• Adopt a Long-Term Perspective: Damani understands that creating significant value takes time and is willing to hold investments until their potential is realised. He is very patient when it comes to the stock market and takes a long-term view on investments.
• Conduct Thorough Research: Damani relies on his own research rather than relying solely on analysts or financial advisors.  Gaining a deep understanding of investment opportunities helps Damani to make informed decisions.
• Exercise Patience: During a recession or bear market situation,  Damani has stayed calm and has waited for market conditions to improve before investing
• Maintain Discipline: A disciplined investment strategy has been a key contributor to the success of Radhakishan Damani’s portfolio. He stays calm during market fluctuations and is not afraid to sell underperforming stocks.

To Wrap It Up

Radhakishan Damani’s portfolio reflects a thoughtful approach to investing, focusing on sectors with strong growth potential. However, it’s important to remember that following someone else’s strategy doesn’t guarantee success. Always do your research and consider your own financial goals and risk tolerance before investing. If you’re looking for a guided approach, you can explore ready-made model portfolios on smallcase created by SEBI-reglinked experts based on various themes and sectors.

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