Archive · 30 Jul 2026
Kacholia Holds Two Small-Cap Stocks Amid Value Concerns
Ashish Kacholia is a well-known investor in India.
He owns shares in two small companies: one that helps people get visas and another that makes machines for mining and roads.
The visa company’s stock price has gone up a lot, but it has cash problems.
The mining company has lost money for many years and only makes a profit because of other investments.
Kacholia keeps his shares even when the stock prices are low, hoping they will grow later.
Investors should watch these stocks closely because they have high prices compared to how much money the companies actually make.
Ashish Kacholia holds significant stakes in two small-cap companies: DU Digital Global and Gujarat Apollo Industries.
DU Digital Global, a visa outsourcing firm, has seen its share price rise 730% since listing but faces cash flow and operating profit challenges.
Gujarat Apollo Industries, a mining and construction equipment maker, has operated at a loss for 12 consecutive years, relying on other income to post net profits.
Kacholia has maintained or slightly reduced his stakes in both companies, showing patience despite their 52‑week lows.
Both companies trade near or below book value, with high P/E ratios and significant debt, raising concerns about future profitability.
- Who
- Ashish Kacholia, a prominent Indian investor
- What
- He holds significant stakes in two small-cap companies: DU Digital Global and Gujarat Apollo Industries
- When
- Filings up to March 2026, stock performance noted through July 2026
- Where
- India, companies listed on the NSE
- Why
- He believes in buying undervalued small caps and holding through drawdowns
- Investor
- Ashish Kacholia
- Companies
- DU Digital Global, Gujarat Apollo Industries
- Market Cap (DU Digital)
- Rs 180 cr
- Market Cap (Gujarat Apollo)
- Rs 454 cr
- Current Holding (DU Digital)
- 8.53% (~Rs 16 cr)
- Current Holding (Gujarat Apollo)
- 2.29%