Mukul Agarwal's Big Portfolio Shake Up: Analysis of His 10 New Stock Picks

Strategic Insights -

Mukul Agarwal, a well-known investor and Warren Buffett of India, has sent shockwaves across investor circles by adding 10 fresh stocks to his portfolio, worth a staggering Rs 385 crore. This massive portfolio addition has caught the attention of investors worldwide, with many wondering what triggered this sudden buying spree. From technology to green energy, engineering to finance, Agarwal's new picks cover a wide spectrum of industries.

Key Takeaways:

  • OSEL Devices, a company manufacturing LED display systems and hearing aids, saw its sales grow at a compound rate of 35% from Rs 57 crore in FY21 to Rs 186 crore in FY25. The EBITDA grew from Rs 3 crore in FY21 to Rs 33 crore in FY25, logging a compound growth of 82%. Net profits grew from Rs 1 crore in FY21 to Rs 20 crore in FY25, a 111% compounded growth in 4 years.
  • IFB Industries, a home appliance manufacturer, saw its sales grow at a compound rate of 14% in the last 5 years from Rs 2,551 crore in FY20 to Rs 4,942 crore in FY25. The EBITDA logged a compound jump of about 19% in the same period from Rs 121 crore to Rs 293 crore. Net profits grew at a compounded rate of 36% from Rs 28 crore to Rs 129 crore in the same period.
  • Agarwal has also invested in other companies, including A 1.3% stake worth Rs 8.7 crore, A 2% stake worth Rs 16 crore, A 1.5% stake worth Rs 52 crore, A 2.9% stake worth Rs 20 crore, A 5.3% stake worth Rs 45 crore, A 3.8% stake worth Rs 30 crore, A 1.2% stake worth Rs 30 crore, and A 2% stake worth Rs 11 crore.
  • The average PE ratio of Agarwal's new picks is 58x, significantly higher than the industry median of 48x.
  • Agarwal's investments cover various sectors, including technology, manufacturing, engineering, finance, and green energy.
  • The company's share is trading at a PE of 51x for OSEL Devices Ltd, while the industry median is at 48x.
  • IFB Industries Ltd's share price jumped 168% from Rs 715 in October 2020 to Rs 1,919 as on 24th October 2025.

Statistics:

  • The total value of Agarwal's new investments is Rs 385 crore.
  • The average market capitalization of Agarwal's new picks is Rs 4,400 crore.
  • The average sales growth rate of Agarwal's new picks is 23% per annum over the last 5 years.
  • The average EBITDA growth rate of Agarwal's new picks is 25% per annum over the last 5 years.
  • The average net profit growth rate of Agarwal's new picks is 30% per annum over the last 5 years.

Sources:

  • www.Screener.in
  • www.trendlyne.com
  • OSEL Devices Ltd's annual report (FY25)
  • IFB Industries Ltd's investor presentation (August 2025)
  • www.IEOnline.in