Sunil Singhania’s Latest Portfolio: A Detailed 1100-Word Human-Written Analysis

Sunil Singhania, one of India’s most respected equity investors and the founder of Abakkus Asset Manager LLP, continues to attract attention with his strategic stock-picking approach and consistent performance in the small-cap and mid-cap space. His portfolio, updated in the latest shareholding disclosures, reveals not just the companies he believes in but also the evolving market themes he is aligning with. With decades of market experience and a reputation built from his long association with Reliance Mutual Fund, Singhania’s investment style blends strong fundamentals, valuation comfort, and long-term conviction.

As per the latest available data, Singhania publicly holds 26 stocks, forming a diversified and high-value portfolio worth nearly ₹2,719 crore. This makes him one of the most closely tracked investors in the Indian markets. The most recent quarter has also been a positive one for him, with the portfolio recording approximately 16.4% growth. Such a sharp quarterly rise indicates that his mid-cap and small-cap bets have performed strongly, driven by sectoral tailwinds, improving business momentum, and the broader rally in high-growth companies.

Increasing Stake in Mastek Ltd.: A Vote of Confidence

One of the more interesting updates this quarter is his decision to increase his stake in Mastek Ltd., a well-known digital engineering and cloud transformation company. The increase, though modest at around 0.04%, reflects the continued conviction he has in the company. Mastek has been on an expansion journey, strengthening its global client base and focusing on high-value digital solutions. Investors like Singhania often increase their holdings gradually to average their cost or reinforce their long-term belief in a business.

Mastek has benefited from strong order flows, digital transformation mandates across industries, and increasing participation in government technology initiatives. Even a small incremental buy from a seasoned investor like Singhania sends a signal that he expects continued growth momentum in the company. For the market, this typically strengthens sentiment around the stock.

Reducing Exposure to Sarda Energy & Minerals Ltd.

In contrast, Singhania trimmed his stake in Sarda Energy & Minerals Ltd. by about 0.39%. This small reduction is not necessarily a bearish signal; such portfolio adjustments often stem from profit booking or rebalancing rather than a loss of conviction. Sarda Energy operates in the steel, ferro alloys, and hydropower businesses—sectors where price cycles can be volatile.

Given the global uncertainties surrounding metal prices and energy markets, Singhania may simply be redistributing his funds to sectors with higher risk-adjusted potential. Successful investors frequently rotate capital into newer opportunities while continuing to hold quality businesses even after trimming stakes. Thus, this move should be seen as tactical rather than a fundamental shift in view.

Top Holdings That Define His Core Strategy

A look at his major holdings offers insights into his investment philosophy. Some of the standout names in his portfolio include Dynamatic Technologies, Jubilant Pharmova, Technocraft Industries, Himatsingka Seide, Rupa & Company, and Suven Life Sciences. Each of these companies represents a different sector, but together they highlight Singhania’s preference for strong management, operational turnaround potential, and companies with deep niche strengths.

Dynamatic Technologies, one of his top bets, operates in the aerospace, automotive, and hydraulic components segments. The company’s specialised engineering capabilities and long-term defence manufacturing prospects have made it a favorite among high-conviction investors. The defence sector in India has been gaining momentum due to increasing government orders and the push toward self-reliance, creating a favourable backdrop for companies like Dynamatic.

Jubilant Pharmova, another key holding, has navigated a challenging period in the pharmaceutical industry but remains a strong player with diversified segments in pharma, drug discovery, and contract manufacturing. Singhania’s confidence in such a company suggests he believes in its long-term growth revival supported by global pharmaceutical demand and India’s rising position in the drug supply chain.

Technocraft Industries and Rupa & Company reflect his interest in manufacturing-led businesses with solid export potential. Indian textile, apparel, and industrial product companies have seen improved demand and better valuation comfort in recent years, making them attractive picks for value-oriented investors.

Meanwhile, Suven Life Sciences, which is deeply focused on research-driven pharmaceutical innovation, aligns well with his belief in specialised niche segments. The company’s strong pipeline and position in contract research manufacturing give it long-term upside, making it a compelling component of his portfolio.

A Diversified, Balanced, and Sector-Agnostic Approach

One of the strengths of Singhania’s portfolio is the diversified nature of his holdings. While many high-profile investors concentrate heavily on a few stocks, Singhania spreads his bets across multiple sectors including engineering, chemicals, pharmaceuticals, consumer wear, IT services, textiles, and industrial manufacturing. This reduces downside risk, especially in volatile markets.

What stands out is his inclination toward small-cap and mid-cap companies. These businesses often operate in niche markets with strong growth runways and relatively lower institutional coverage. As a result, they offer significant value discovery opportunities—precisely the kind of environment Singhania is known to thrive in. His ability to identify early-stage potential in growing companies has been one of the foundations of his long-standing success.

This diversified strategy also shows that he avoids over-concentration in any single sector. Instead, he stays sector-agnostic and focuses mainly on companies with strong fundamentals, capable management, and attractive valuations. This is a classic long-term approach that blends value investing with growth potential.

Consistent Long-Term Vision Behind Every Move

The recent performance of his portfolio and changes in stake ownership reflect his disciplined investment process. His buys and sells are rarely impulsive; they typically represent thoughtful evaluation based on market conditions, business performance, and long-term trends.

His incremental increase in Mastek, for example, shows continued confidence in technology-led companies. And the minor trimming of Sarda Energy reveals a balanced risk management approach. The combination of both actions demonstrates a portfolio that is both dynamic and steady.

Conclusion

Sunil Singhania’s latest portfolio update offers a clear window into how one of India’s most respected investors navigates an evolving market landscape. With 26 stocks, an impressive ₹2,719 crore portfolio size, and over 16% growth this quarter, he continues to maintain his reputation as a sharp, insightful investor who knows how to strike harmony between risk and reward.

His portfolio choices emphasize a long-term mindset, strong fundamentals, and a keen eye for value in less-explored corners of the market. Whether it is buying more of Mastek, trimming Sarda Energy, or holding high-conviction picks like Dynamatic Technologies or Suven Life Sciences, every move reflects clarity of thought and conviction built on decades of market wisdom.