Radhakishan Damani Portfolio, Latest Holdings, Net Worth & more

Radhakishan Damani is one of India’s most renowned billionaires, businessmen, and investors.

Whenever one talks about the heftiest portfolios in the country, Radhakishan Damani’s name is a must in the list.

Besides his massive portfolio, he is also known for starting one of the largest hypermarkets chains in India under the name DMart.

In today’s blog, we will take a look at his journey from a stockbroker to a billionaire.

We will also be taking a look at the career of RK Damani to learn how he tried different things to become who he is today.

We will also discuss the portfolio that he has built over the past years and the holdings that made his fortune.

About RK Damani

Radhakishan Damani started his career with a small business of ‘ball-bearings.’

However, due to the sudden demise of his father, he had to quit it and start working as a stockbroker at the age of 32.

Stepping into the stock market as a broker made him realize that he would have to invest and trade his own money to earn from the market.

The decision of investing his own money proved to be a dealbreaker, and RK Damani earned massive profits through different swing trades.

Some of the multi-baggers that boosted the wealth of his portfolio include Century Textiles, India Cement, VST Industries, 3M India, Blue Dart, etc.

With keen consumer interest in retails, he started DMart in 2002.

It has been 20 years since the first outlet of DMart was opened, and this venture proved to be one of the greatest achievements of RK Damani.

In 2017, DMart came up with an IPO under the parent company ‘Avenue Supermarts’ with an issue price of 299 Rupees.

On the listing day itself, the stock opened at 604 Rupees, and as of January 2022, it is worth more than 4700 Rupees.

As per Bloomberg Billionaire Indices, RK Damani is in 97th place among the richest people in the world.

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RK Damani Latest Portfolio & Holdings

Let’s see the latest holding of RK Damani with the conclusion of the quarter – 2. Standing with a net worth of 148,234.38 cr., in this portfolio bag, you will find a total of 14 stocks.

There has not been much change from the last quarter except 3.5% holding of Avenue Supermarts Ltd. has been diluted.

A major portion of RK Damani’s portfolio is formed by Avenue Supermarts Ltd., withholding a value of 156,569.3 Cr and a whopping quantity of 399,875,708.

There is no change in stocks from the previous quarter and has remained with a way for the last 3-4 quarters.:

Holdings in Avenue Supermarts Ltd

After the constant holding of 65.2% for almost two years, RK Damani has diluted a small part of 3.45% from the entity. The present holding value is 1,55,831.60 Cr with a quantity of 399,875,708.

This stock holds the largest slice in the RK Damani portfolio. In December 2018, the holding value was 207,613 cr., and till now, it has fluctuated continuously.

Compared to the last quarter, the holding value has a negative change of 10.97%. As of December 2021, the holding of RK Damani in Avenue Supermarts was 65.2%.

Holdings in VST Industries Ltd.

The latest holding value of RK Damani in VST Industries Ltd. is 1,558.90 cr., with a -0.20% change from the holding value of the last quarter, which was 1,562.10 cr.

The quantity of shares in the entity has remained stable at 49,93,204.

If we look at the change in holding over the past few years, it has remained steady mostly and growing at a very slow pace. In June 2020, the holding was 30.9%, and by June 2022, it became 32.3%.

Holdings in India Cements Ltd.

Added to the portfolio in 2019, India Cements has won some impressive results for RK Damani’s portfolio. It started with 292.30 cr.; today, its holding value is 673.5 cr with a total quantity of 3,92,81,694.

This is a stock whose value has been drastically changed from earlier. The holding value has come down by 213.1 cr giving a -24.04% effect, though the holding quantity is the same.

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Radhakishan Damani Portfolio in 2021

When you see closely, you will observe that the changes in the stock value have remained very constant. There were some stocks from the previous year whose holding had been diluted entirely.

These stocks are Jubilant Foodworks Ltd., Foods & Inns Ltd., Spencer’s Retail Ltd., Prozone Intu Properties Ltd., and Kaya Ltd.

As of December 2021, the largest holding is in Avenue Supermarts Ltd., withholding value of 198900.30 cr, and following it is VST Industries Ltd. with 1596.10 cr. and India Cements Ltd. with 786.70 cr.

Further, there has been a notable change in net worth also. In December 2020, the portfolio showed a growth of 24%, which slowed to 9% in December 2021.

Radhakishan Damani Portfolio in 2020

Due to the market crash in March 2020, we saw a lot of Portfolios tumble. However, by the end of the year, everything was back to normal.

In 2020, RK Damani had over 19 holdings in his portfolio worth 205,012 crore rupees. First, however, we will talk about the ones in which he had a considerable stake.

Let us look at RK Damani’s major holding during the year 2020.

• Avenue Supermarts Ltd, 65.2%
• VST Industries Ltd, 31.0%
• India Cements Ltd, 12.7%
• Foods and Inns Ltd, 4.7%

Apart from the above holdings, RK Damani had invested in various stocks like Jubilant Foodworks Ltd, Trent Ltd, United Breweries, 3M India Ltd, etc.

However, his stake in these companies was 1% or less during 2020.

If we look at his major holdings, we realize that he had changed his stake in various stocks during the year.

At the beginning of the year, RK Damani had a 69.2% stake in Avenue Supermarts, while at the year-end, it was 65.2%.

However, he increased his stake in other holdings. At the beginning of the year, he had a 4.7% stake in India Cements, which increased to 12.7%.

Similarly, his stake in VST Industries increased from 29.2% to 31%.

Two fresh additions to RK Damani’s portfolio in the year 2020 were Mangalam Organics Ltd and Sundaram Finance Ltd, with a stake of 2.2% and 2.4%, respectively.

RK Damani Portfolio in 2019

During the year 2019, RK Damani owned 19 stocks in his portfolio that amounted to over 210,110 crore rupees.

Let us look at some of his major holdings in the year 2019.

• Avenue Supermarts Ltd, 69.2%
• VST Industries Ltd, 29.2%
• India Cements Ltd, 4.7%
• Foods and Inns Ltd, 4.7%
• Blue Dart Express Ltd, 3.4%

Talking about the changes in RK Damani’s portfolio during the year 2019, we notice that there were multiple new holdings added.

• India Cements Ltd
• Foods and Inns Ltd
• Metropolis Healthcare Ltd
• Simplex Infrastructures Ltd
• Spencer’s Retail
• Camlin Life Sciences Ltd
• Delta Corp Ltd

Other than the new holdings mentioned above, there were not many changes in the stake of other holdings.

However, the stocks removed from the portfolio during the year 2019 were Advani Hotels and Resorts (India) Ltd and Sundaram Finance Ltd.

However, the latter was added back to the portfolio in the year 2020.

Radhakishan Damani Portfolio in 2018

RK Damani’s portfolio during 2018 was relatively simple, with 11 holdings.

However, the net worth of his portfolio during the year 2018 was more than 2019 and 2020 at 214,376 crore rupees.

His holdings with a significant stake during the year include:

• Avenue Supermarts Ltd, 70.6%
• VST Industries Ltd, 26.0%
• Advani Hotels and Resorts (India) Ltd, 4.2%
• Blue Dart Express Ltd, 3.4%

Apart from these, a few other holdings were also in RK Damani’s portfolio.

However, the interesting fact about his portfolio during 2018 was its stability and consistency.

In this particular year, he did not make significant changes concerning his stake in different holdings.

The only new addition to his portfolio during 2018 was Sundaram Finance Holdings Ltd.

What is Radhakishan Damani’s Net Worth?

As discussed earlier, Radhakishan Damani is among the Top 100 richest people globally. In fact, as per the reports of Forbes India, he is the 4th richest person in the country.

The following table will help us understand how RK Damani grew his portfolio and wealth. We will also be looking at the setbacks his portfolio had to face due to market crashes etc.

The latest net worth as of July 2022 of this highly inventive portfolio is 170,365.44 cr.

Now, let’s talk about the immediately passing quarter. With few changes in holdings, RK Damani’s portfolio expressed a net worth of 148,234.38 cr., which has undoubtedly slowed from the previous periods. The net worth, which stood at 202,248.66 cr. in December 2021, has come down by a material figure.

In the first quarter of 2022, i.e., Jan-Mar, the net worth was 173,822 cr. This year, there is a continuous negative change in the first two quarters.

RK Damani Portfolio – Conclusion

As discussed earlier, RK Damani’s net worth is 148,234.38 crore rupees, with his major holdings being Avenue Supermarts, VST Industries, and India Cements.

DMart, listed as Avenue Supermarts, is one of the greatest achievements of RK Damani and major support to his rising portfolio.

The IPO of DMart changed his fortune and manifold his net worth from 1508 crore rupees to 30,315 crore rupees.

Presently, he is a major stakeholder in DMart with 65% ownership and the 4th richest person in the country.

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