Radhakishan Damani Portfolio

5paisa Research Team 5paisa Research Team 8th December 2022 - 10:00 pm

In a way Radhakishan Damani’s wealth creation has been synonymous with D-Mart (Avenue Supermarts). That is true and D-Mart alone accounts for over 97% of the total portfolio value of his holdings. However, Damani is also known to be one of the most astute value investors as some of his recent acquisitions like India Cements have shown.

As of the close of September 2021, Radhakishan Damani held 14 stocks in his portfolio with a market value of Rs.230,830 crore as of 15th October. Here is a snapshot of his top holdings in rupee value terms.

Radhakishan Damani's portfolio as of Sept-21:

Stock Name	Percentage Holding	Holding Value	Holding Movement
Avenue Supermarts	65.2%	Rs.224,747cr	No Change
VST Industries	32.3%	Rs.1,869cr	Increased in Q2
India Cements	21.14%	Rs.1,402cr	No Change
Sundaram Finance	2.4%	Rs.646cr	No Change
Trent Ltd	1.5%	Rs.626cr	No Change
United Breweries	1.2%	Rs.556cr	No Change
3M India Ltd	1.5%	Rs.434cr	No Change
Blue Dart Express	1.5%	Rs.227cr	Reduced in Q2
Metropolis Healthcare	1.6%	Rs.218cr	No Change

Avenue Supermarts alone accounted for 97.3% of the total portfolio and the top 3 stocks consisting of Avenue Supermarts, VST Industries and India Cements jointly accounted for 98.8% of the overall portfolio of Radhakishan Damani

Stocks where Radhakishan Damani added stake in Q2

Let us look at the fresh addition of stocks to the portfolio of Radhakishan Damani in the Sep-21 quarter. There was increase in holdings in just 1 stock during the September quarter. He increased his stake in VST Industries, the Hyderabad based cigarette manufacturer, by 210 bps from 30.2% to 32.3%. At 32.3%, Damani now holds one-third of VST Industries and as much as its global promoters, Raleigh Investments.

Check - Radhakishan Damani Portfolio - June 2021

What stocks did Radhakishan Damani downsize in his portfolio?

Mr. Damani has been a focused long term investor and not known to churn his portfolio too often. In the Sep-21 quarter, There was just one stock in which he cut his stake i.e., Blue Dart Express. He cut his stake in Blue Dart Express by 20 bps from 1.7% to 1.5% during the September 2021 quarter. In all the other holdings, his stakes have remained the same.

Radhakishan Damani Portfolio Performance over different time periods?

In the case of Damani, looking at his portfolio prior to March 2017 may not add much value as the stock of Avenue Supermarts was only listed on the bourses in March 2017. Prior to that, his listed portfolio was very small. We will look at 3 different time periods to evaluate the portfolio of Radhakishan Damani.

a) Over the last one year period i.e., between Sep-20 and Sep-21, the value of his portfolio increased from Rs.97,326 crore to Rs.230,830 crore. This 137% appreciation in one year was largely driven by Avenue Supermarts with India Cements doing its bit.

b) Over a 3 year period i.e. between Sep-18 and Sep-21, the value of his portfolio showed accretion from Rs.63,628 crore to Rs.230,830 crore. That is compounded annual growth in portfolio value of 53.65% over the last 3 years.

c) We also look at his portfolio since the listing of Avenue Supermarts in 2017 i.e. between Mar-17 and Sep-21. The value of his portfolio showed accretion from Rs.30,316 crore to Rs.230,830 crore. That is compounded annual growth in portfolio value of 57% over the last 4.5 years.

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