{"id":39950,"date":"2024-07-04T16:12:43","date_gmt":"2024-07-04T10:42:43","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=39950"},"modified":"2025-11-10T13:34:00","modified_gmt":"2025-11-10T08:04:00","slug":"latest-nemish-shah-shareholdings-and-portfolio-in-2024","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/latest-nemish-shah-shareholdings-and-portfolio-in-2024\/","title":{"rendered":"Latest Nemish S Shah Shareholdings and Portfolio"},"content":{"rendered":"
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Introduction:<\/h2>\n\n\n\n

Picture this: You are interested in chess and know the game inside out. You decide to appear in state-and-national-level matches and aim to prepare like a winner. You don\u2019t just practice; you practice like the winners, the seasoned players whose games left people wondering if that move was even possible. <\/p>\n\n\n\n

You study a game to understand the players’ thoughts and analyze a situation, right? Similarly, it helps you greatly if you study the portfolio of ace investors and take it as a guide to smarter investments<\/a>.<\/p>\n\n\n\n

 In this article, we will explore Nemish Shah\u2019s portfolio and follow his stock market<\/a> journey to success. If you are new to the stock market, studying his portfolio can teach you how to pick stocks and build a well-diversified portfolio with your investments.<\/p>\n\n\n\n

Who is Nemish Shah?<\/h2>\n\n\n\n

Nemish S Shah is the director and co-founder of ENAM Holdings, one of the country’s most reputed investment houses. He is a top investor in the equity market, known for his interesting and diversified portfolio. Nemish’s stock-picking skills are noteworthy, even though he trades in only a few stocks.<\/p>\n\n\n\n

Nemish graduated from Lala Lajpat Rai College, under Mumbai University, in 1977. He began his journey in the stock market in 1984 when he co-founded ENAM Holdings, a stockbroking firm. Within a few years, he expanded into investment banking. It took him six months to join the top investment banks dealing in IPOs. Nemish’s exceptional research and investment skills led the company to multiple IPO<\/a> deals in the country.<\/p>\n\n\n\n

He is a leading philanthropist, and his views are highly respected today.  Investors closely follow his market views and anticipations. Regarding Nemish Shah\u2019s investment style, his latest portfolio reflects his extraordinary stock-picking skills. Nemish prefers investing in traditional companies over technology-driven ones. He is particularly fond of industrial machinery and automobile businesses.<\/p>\n\n\n\n

Nemish Shah\u2019s Portfolio:<\/h2>\n\n\n\n

As of March 31, 2024, Nemish S Shah holds seven stocks, and his net worth is Rs 2,732.8 Cr, according to corporate filings. These holdings are reported in the shareholding data filed with the exchanges. As per the exchanges’ data, Nemish Shah\u2019s portfolio includes the following stocks- <\/p>\n\n\n\n

Sr. No.<\/strong><\/td>Companies<\/strong><\/td>Holding value (Cr.)<\/strong><\/td>Quantity Held<\/strong><\/td>Percentage Changes in March 2024<\/strong><\/td>% Holding in the company (March 2024)<\/strong><\/td>% Holding in the company (Dec 2023)<\/strong><\/td><\/tr>
1<\/td>The Hi-Tech Gears Ltd.<\/td>139.4<\/td>1347049<\/td>New<\/td>7.2%<\/td>–<\/td><\/tr>
2<\/td>EID Party (India) Ltd.<\/td>–<\/td>–<\/td>Less than 1%<\/td>–<\/td>1.2%<\/td><\/tr>
3<\/td>Asahi India Glass Ltd.<\/td>687.5<\/td>11119635<\/td>0<\/td>4.6%<\/td>4.6%<\/td><\/tr>
4<\/td>Bannari Amman Sugars Ltd.<\/td>84.6<\/td>325000<\/td>0<\/td>2.6%<\/td>2.6%<\/td><\/tr>
5<\/td>Elgi Equipments Ltd.<\/td>327<\/td>5360000<\/td>0<\/td>1.7%<\/td>1.7%<\/td><\/tr>
6<\/td>Lakshmi Machine Works Ltd.<\/td>1490.3<\/td>938873<\/td>0<\/td>8.8%<\/td>8.8%<\/td><\/tr>
7<\/td>Zodiac Clothing Company Ltd.<\/td>4.7<\/td>405124<\/td>0<\/td>1.6%<\/td>1.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

(Source- Trendlyne<\/a>)<\/p>\n\n\n\n

What does Nemish Shah\u2019s portfolio highlight?<\/h2>\n\n\n\n

Nemish Shah has diversified his portfolio into textile machinery, compressors, sugar-producing, and the textile sector. His portfolio has become a guide to diversification<\/a> for many aspiring investors. <\/p>\n\n\n\n

Nemish Shah’s investment strategy focuses on long-term investments. He looks for companies with high return on capital employed (ROCE<\/a>), sustainable competitive advantages, strong growth rates<\/a>, and stable management. This disciplined method has helped him create a portfolio that consistently outperforms the market. His holdings reflect the principles he follows. His top stock, Lakshmi Machine Works Limited\u2019s substantial holding worth Rs.1490.3 crores, is a testament to his disbelief in the company\u2019s strong potential.<\/p>\n\n\n\n

Nemish Shah\u2019s Investment Philosophy:<\/h2>\n\n\n\n

His philosophy is similar to Warren Buffett’s, focusing on firms that benefit from growing consumption. He uses fundamental bottom-up research to find high-quality, structurally strong businesses with sustainable competitive advantages and consistent long-term growth.<\/p>\n\n\n\n

According to Nemish Shah, the key difference when choosing investments in India is closely evaluating the quality of the management. He is comfortable with a business if the management is focused and understands capital allocation. Nemish Shah often ignores companies where the management doesn’t inspire confidence. <\/p>\n\n\n\n

He bought Asahi India Glass Ltd. when the share price was deeply undervalued due to the company\u2019s solid fundamentals and management understanding. The company later led to significant gains. <\/p>\n\n\n\n

His principles are straightforward:<\/p>\n\n\n\n