Prof Mankekar and his Multibagger Portfolio

 

 

Prof. Mankekar and his family have made some of the biggest multibaggers of the Great Indian bull run. Pantaloon Retail (100 times) and Financial Technologies (50 times) are amongst his best known bets.

 

The Prof. is media shy (so much so that I could not find his photograph on google) does not want to be in the public domain and like some of the smartest minds in the Indian markets loves to think and act in isolation. He does not come on chat shows, does not provide opinion on Tv but still teaches at the Jamunalal Bajaj Institute in Mumbai.

 

I tried making a list of his portfolio from the stocks that he owns and are disclosed in the public domain. Please note that these are the stocks which are in the public domain and it should be assumed that the actuals might differ because certain purchases would not have been disclosed or if disclosed would have inadvertently been omitted. But this portfolio does give a broad idea of his investing styles and habits.

 

Company	CMP	Shares	Value	% of
			Rs crores	portfolio
Pantaloon Retail (India) Ltd.	520	2154480	112.03	32.56
India Infoline Ltd.	820	994235	81.53	23.69
TV18	890	568504	50.60	14.70
NIIT	985	220000	21.67	6.30
Balaji Telefilms	270	660000	17.82	5.18
Zee News	71	2400000	17.04	4.95
Asian Electronics	1100	150000	16.50	4.80
Champagne Indage Ltd.	628	221420	13.91	4.04
Radico Khaitan	177	541000	9.58	2.78
Galaxy Entertainment Corpn. Ltd.	115	297302	3.42	0.99
Total value of portfolio (Rs crores)			344.09

Piquant observations:

• Just like Rakesh Jhunjhunwala  the Prof believes in the benefits of portfolio concentration. His top 3 holdings account for close to 70% of his portfolio and he holds only 10 stocks in his disclosed portfolio.
• It is very hard to find a cyclical or commodity stock in his portfolio.
• All the stocks that he bought were at the time of buying a small cap. Just that the sheer pace of growth made it into a large cap is another thing. Maybe the Prof believes that money can be made in small and mid caps only.
• With respect to Pantaloon the Professor expects it to become a Rs 100,000 crores market cap company He likes buying stocks with a huge external scale of opportunity
• We do cover companies with huge scale of opportunity in The Equity Desk - Report Card section.
• These shares are held by the Mankekar family and form a part of their disclosed portfolio. They could be holding more shares through companies, trusts, proprietary accounts which are not in the public domain.
• To know more about investing legends see the section World's greatest Investors.
• Over the past few months the Professor is  buying into Tv18, Balaji Telefilms, Zee News and Asian Electronics. His recent buys into the media shares reflect his new found conviction for the broadcasting sector.
• His portfolio does see some churn but not before he has made a multibagger out of his stocks. Stocks that he has either reduced exposure or exited include Financial Technologies, Astra Microwave Rishi laser (suffered a loss here) Pantaloon Industries etc.

Source: bseindia.com and internet search.

Edited by basant - 19/Jan/2008 at 10:11am

Thanks Basantjee for this info,

basant ji how does a prof invest crores of rupees in stocks..mean to say that he must be worth hundreds of crores....

Initially they leverage themselves. Leveraging is easy in the initial days because you have nothing to use and afterwards you become smarter. Otherwise it takes Rs 10 lacs to become Rs 10 crores in 10 years at an almost impossible 60% CAGR.