Archive · 8 Jan 2026
Kacholia & Agrawal Invest in SME Stocks
Two well-known Indian investors, Ashish Kacholia and Mukul Agrawal, have recently made new investments in two small and medium-sized enterprise (SME) stocks.
The first company, Monolithisch India Ltd, makes special materials used in factories.
It has grown very fast, with sales and profits increasing a lot over the years.
The second company, Adcounty Media India Ltd, helps businesses with online advertising.
It also has good growth and is very efficient with its money.
Both companies are almost debt-free, which means they don't have to pay a lot of interest.
The investors bought shares in these companies because they see them as good opportunities.
However, investing in SME stocks can be risky because it's harder to sell shares quickly, and sometimes people might try to trick investors.
So, while these investments look promising, it's important to be careful.
Ashish Kacholia and Mukul Agrawal have invested in Monolithisch India Ltd and Adcounty Media India Ltd, both listed on the SME exchange.
Monolithisch India Ltd manufactures specialized ramming mass for industrial use, with significant growth in sales, EBITDA, and net profits over the years.
Adcounty Media India Ltd provides digital media solutions, showing strong financial performance and high capital efficiency.
Both companies have high Return on Capital Employed (ROCE) and are virtually debt-free, making them attractive investments.
Investing in SME stocks comes with risks such as liquidity issues and potential manipulation, requiring cautious consideration.
- Who
- Ashish Kacholia and Mukul Agrawal, prominent Indian investors
- What
- Investments in Monolithisch India Ltd and Adcounty Media India Ltd
- When
- Recent portfolio changes, with specific stake adjustments in December 2025 and January 2026
- Where
- Indian stock market, specifically the SME exchange
- Why
- Strong financial performance, high capital efficiency, and near-zero debt of the companies
- Monolithisch India Ltd
- Manufacturer of premixed high-quality ramming mass
- Market Cap
- Rs 1,045 cr
- Mukul Agrawal's Stake
- 2.76% (Rs 29.1 cr)
- Sales Growth (FY20-FY25)
- 81%
- EBITDA Growth (FY20-FY25)
- 84%
- Net Profit Growth (FY20-FY25)
- 114%
- Share Price (June 2025-January 2026)
- Rs 243 to Rs 481
- PE Ratio
- 60x
- ROCE
- 61%
- Adcounty Media India Ltd
- Adtech and digital media solutions provider
- Market Cap
- Rs 256 cr
- Ashish Kacholia's Stake
- 2.9% (Rs 7.5 cr)
- Sales Growth (FY20-FY25)
- 30%
- EBITDA Growth (FY20-FY25)
- 78%
- Net Profit Growth (FY20-FY25)
- 70%
- Share Price (July 2025-January 2026)
- Rs 135 to Rs 114
- PE Ratio
- 16x
- ROCE
- 63%