Archive · 16 Dec 2025
Dolly Khanna's 2026 Portfolio: Undervalued Smallcaps with High Dividends
Dolly Khanna, a famous investor in India, has a portfolio worth Rs 291 crore.
She recently invested in two small companies, GHCL and SPIC.
GHCL makes soda ash and has a 2% dividend yield.
SPIC makes fertilizers and has a higher dividend yield of 2.42%.
Both companies are trading at lower prices compared to their industry peers.
Dolly Khanna is known for picking stocks that grow a lot in value.
The article suggests watching these stocks to see if they become big winners in the future.
Dolly Khanna, known as the 'Queen of Small Caps,' has a portfolio worth Rs 291 crore.
She invested in GHCL Ltd, a leading soda ash manufacturer with a 2% dividend yield and a PE ratio of 9x.
GHCL's share price has increased by over 220% since December 2020.
Khanna also invested in SPIC, a fertilizer company with a 2.42% dividend yield and a PE ratio of 9x.
SPIC's share price has increased by over 270% since December 2020.
- Who
- Dolly Khanna, a prominent Indian investor known as the 'Queen of Small Caps'
- What
- Investment in two undervalued small-cap stocks, GHCL Ltd and SPIC, with high dividend yields
- When
- Recent investments made in 2025, with data up to September 2025
- Where
- India
- Why
- To potentially identify future multibaggers and high-yield investments
- Dolly Khanna's Portfolio Value
- Rs 291 cr
- GHCL Market Cap
- Rs 5,329 cr
- GHCL Market Share
- 26%
- GHCL Dividend Yield
- 2%
- GHCL ROCE
- 24%
- SPIC Market Cap
- Rs 1,664 cr
- SPIC Dividend Yield
- 2.42%
- SPIC Profit Growth (FY20-FY25)
- 19%