Prashant Jain has invested in a portfolio of promising small and nano-cap stocks from different sectors.

Prashant Jain Portfolio as of 30th June 2023

Prashant Jain has chosen to invest his funds in a few small and nano caps. The portfolio is diversified with stocks from the Pharma, Auto, Rubber, Textiles, Engineering etc. The promoter holding is quite high in these stocks.

AstraZeneca Pharma is a MNC with a market capitalisation of Rs 9500 crore. It is engaged in the business of manufacturing and marketing pharmaceutical products in healthcare segments namely gastrointestinal, cardiovascular, cancer, respiratory, neurosciences and infection. The company manufactures a wide variety of products under each of it`s segment which include the following Cardiovascular- Under this segment company manufactures and markets products namely Betaloc, Seloken XL, Imdur, Ramace and Plendil and many more,Respiratory-Company develops drugs such as Rhinocort, Mits Linctus, Bricarex, Bricanyl, etc.,Maternal Healthcare- Under this segment, company produces Prostodin, Cerviprime, Primiprost, Partocin and many more.,Oncology-Company manufactures products such as Zoladex & Arimidex, Nolvadex and Iressa & Casodex under oncology segment,Infection-Company develops products such as Meronem and Vancocin CP and many more&Pain Control and Anaesthesia- Company offers products such as Xylocaine and Sensorcaine.The company plans to continue to invest in all focussed brands and on business development so as to increase sales and profitability and consequently increase stakeholder value. The company also engagged in the business of Healthcare.

The parent company holds 75% of the shareholding.

Amongst the public, Tejas Trivedi, a noted HNI investor and his family members SHIVANI TEJAS TRIVEDI and MINAXI BHALCHANDRA TRIVEDI hold substantial stake.

Tejas Trivedi has been in the capital markets since 1993. After receiving a rich experience of core research at Corporate Database (equity research-based organisation), he has been associated with Anvil group, a broking and wealth management organisation. As a Chartered Accountant and a Cost Accountant, his core interests lie in research, investments and yoga.

NOCIL is well known because it was the erstwhile favourite of Dolly Khanna and Ashish Kacholia. It is not known if these luminaries are still invested in the stock.

SMIFS has recommended a reduce rating on the stock on the following logic:

“Competitive intensity increasing, bumpy road ahead, Downgrade to REDUCE

NOCIL reported numbers better than expectations with on EBITDA and profitability front. Revenue degrew by ~22% YoY & grew by mere 1% QoQ. Sequential growth is largely because of higher realization which grew by ~3% QoQ & volumes dipped by ~2% QoQ. Last quarter international markets aided volume growth, however the same has contracted on sequential basis in this quarter owing to recessionary trends & weaker demand. Domestic volumes has improved marginally on sequential basis. We forsee that increased competition from imports could be a major concern which could impact its EBITDA spreads for longer period of time. Also, the business does not have protection from ADD which could pose serious threat of injury to margins of Indian rubber chemical players like NOCIL from Chinese imports. Although, the long-term growth story remains structurally positive for NOCIL, led by tyre players expanding capacity which leads to increased usage of rubber chemicals, still competitive intensity is set to increase with competitors ramping up capacity (For instance. China Sunshine recently completed 30,000 TPA anti-oxidant capacity addition & planning another 20,000 TPA accelerator capacity addition by end of 2023) could spoil the party for NOCIL & other rubber chemical companies. We downgrade to REDUCE rating on the stock from ACCUMULATE earlier.”

Osia Hyper Retail Ltd is a micro-cap with a market capitalisation of Rs 484 crore. The stock has been placed by the NSE authorities in the Enhanced Surveillance Measures list (ESM – II (35)) which effectively has crippled bullish activity in the stock.

Indag Rubber is also a micro-cap with a market capitalisation of Rs. 423 crore. Indag Rubber pioneered the introduction of cold retreading technology in India.The company offers complete range of application specific tread patterns for transportation industry with cost effective tyre solutions.The products manufactured by the company includes Precured Tread Rubber,Un-vulcanized Rubber Strip Gum,Universal Spray Cement,Envelopes,etc.

The promoters hold 73.34%. TEJAS B. TRIVEDI holds 3.52% of the public holding. Prashant Jain holds 1.05%.

KG Denim is a nano cap with a market capitalisation of only Rs 74 crore. K G Denim Limited is an India-based textile company. The Company is engaged in manufacturing and sale of fabrics and apparels. The Companys product range includes denim, apparel fabric, home textiles and apparels. Apparel fabric consists of stretch twills, jean twills and stretch, with or without lycra. Home textiles consist of bed range, bath range and kitchen range. It also includes a blend of cotton and natural fibers such as wool, linen & fiber blend. The Companys subsidiaries include Trigger Apparels Limited and KG Denim (USA) Inc.

The promoters hold 58% of the equity. Amongst the public, SHIVANI T. TRIVEDI holds 4.95%. Anil Kumar Goel holds 1.91%. Prashant Jain holds 1.76%.

Nitiraj Engineers is also a nano-cap with a market capitalisation of Rs 107 crore. Nitiraj Engineers Ltd., established in 1989, is one of the leading manufacturers of Electronic Weighing Scales and Systems and Digital Fare Meters. Phoenix, its brand is one of the renowned brands in Electronic Weighing Scales in India.

The promoters hold 69% of the equity. Amongst the public investors, there are HNIs like YI HUNG SIN, Kakaria. Prashant Jain holds 1%.