Archive · 26 Jul 2026
Ashish Kacholia Backs Two Turnaround Stocks
Ashish Kacholia, a well-known investor, is supporting two companies, Thomas Scott (India) and Z-Tech (India).
Thomas Scott makes men's clothing and has grown its sales by 64% each year for the past five years.
Z-Tech builds parks from recycled waste and treats industrial water, with sales growing by 47% annually.
Both companies are currently trading below their highest prices.
Kacholia thinks these companies have great potential, but they also have some challenges, like needing more cash to grow.
Investors should watch these companies closely to see if they can keep growing and improve their cash flow.
Ashish Kacholia is backing two turnaround stocks, Thomas Scott (India) and Z-Tech (India).
Thomas Scott has seen a 64% compound annual growth rate in sales over the past five years.
Z-Tech has a 47% compound annual growth rate in sales and specializes in sustainable projects.
Both stocks are trading below their all-time highs, with Thomas Scott down 40% and Z-Tech down 28%.
Kacholia's investments reflect his confidence in these companies' growth potential despite their current challenges.
- Who
- Ashish Kacholia, a prominent investor known for identifying growth stocks early.
- What
- Kacholia is backing two turnaround stocks, Thomas Scott (India) and Z-Tech (India), which have seen significant growth but are currently trading below their highs.
- When
- The investments and growth metrics are based on data up to July 2026.
- Where
- Thomas Scott is based in Mumbai, and Z-Tech is based in Delhi.
- Why
- Kacholia believes in the growth potential of these companies despite their current valuations and cash flow challenges.
Growth Investors
Value Investors
Growth Potential
Growth Investors
Growth investors focus on the high sales growth rates of 47% to 64% per year, seeing potential for long-term compounding.
Value Investors
Value investors are cautious due to the lack of consistent cash flows and high working capital requirements.
Valuation
Growth Investors
Growth investors argue that current valuations are reasonable given the high growth rates.
Value Investors
Value investors point out the high valuations relative to the short history of profitability and potential risks.
- Ashish Kacholia
- Founder of Lucky Securities and co-founder of Hungama Digital
- Thomas Scott (India)
- Men's wear company with brands like Thomas Scott, Hammersmith, Bang & Scott, and Italian Gold
- Z-Tech (India)
- Engineering firm specializing in city parks from reclaimed waste and industrial wastewater treatment
- Thomas Scott Sales Growth
- 64% CAGR over 5 years
- Z-Tech Sales Growth
- 47% CAGR over 5 years
- Thomas Scott Market Cap
- Rs 450 crore
- Z-Tech Market Cap
- Rs 763 crore
- Kacholia's Stake in Thomas Scott
- 2.10%
- Kacholia's Stake in Z-Tech
- 3.7%