10 months ago
India's 'Warren Buffett' Nemish Shah Adjusts Key Holdings
There's a super investor in India named Nemish Shah, sometimes called India's Warren Buffett because he's really good at picking stocks.
He doesn't change his investments very often, so when he does, people pay close attention.
Recently, he bought a little more stock in a company that makes machines for making clothes, called Lakshmi Machine Works (LMW).
He's owned this company's stock for a long time.
At the same time, he sold a small amount of stock in a company that makes glass for cars and buildings, called Asahi India Glass.
He's also owned this company's stock for a long time.
Even though LMW had a tough financial year recently, its stock price has gone up a lot over the past five years.
Asahi India Glass has shown good growth in sales and profits and its management is feeling positive about the future.
People are curious why Nemish Shah made these changes, but his investment strategies are his own.
Nemish Shah, an investor likened to Warren Buffett, has made notable adjustments to his portfolio.
He increased his stake in Lakshmi Machine Works (LMW), a textile machinery manufacturer, to 5.4% from 3.3%.
He decreased his stake in Asahi India Glass Ltd, an integrated glass solutions provider, to 5.7% from 6%.
LMW experienced a financial dip in FY25 despite significant share price growth over five years and a high PE ratio.
Asahi India Glass has shown consistent sales and profit growth with a positive outlook from its management.
- Who
- Nemish Shah, an Indian investor often compared to Warren Buffett, and his firm ENAM Securities.
- What
- Nemish Shah has increased his stake in Lakshmi Machine Works (LMW) and reduced his stake in Asahi India Glass Ltd.
- Where
- India
- When
- Recent filings for the quarter ending September 2025 reflect these changes.
- Why
- The article does not explicitly state Shah's reasons for the changes, but notes that LMW experienced a downturn in FY25 while Asahi India Glass shows solid financial promise and optimistic future outlook.
Key facts
- Nemish Shah's Personal Portfolio Net Worth
- Rs 3,240 crore
- ENAM Securities Pvt Lt Portfolio Value
- Rs 15,720 crore
- Lakshmi Machine Works (LMW) Market Cap
- Rs 16,973 crore
- Asahi India Glass Ltd Market Cap
- Rs 23,825 crore
- Nemish Shah's LMW Stake Increase
- From 3.3% to 5.4%
- Nemish Shah's Asahi India Glass Stake Decrease
- From 6% to 5.7%
Quotes
Article Author
The writer of the article.
“The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.”
financialexpress.com
“Nemish Shah has held both the stocks we saw today over a decade, so it won’t be completely wrong to call them his favourites. Now Shah is not one to make frequent changes to his portfolio, but LMW and Asahi India Glass have seen these changes giving rise to a lot of questions amongst investors. Should one buy the stock he added more of or sell off the one he cut stakes in?”
financialexpress.com
LMW Management
The management of Lakshmi Machine Works (LMW).
“As per the company’s last annual report, the management is focused on a multi-year strategy to strengthen the company’s core by improving customer-centricity, reinforcing values like excellence and integrity, and improving delivery across all operations. With that they aim to reposition LMW as a comprehensive solution provider, leveraging digital transformation and process improvements to meet evolving customer needs in a dynamic global environment.”
financialexpress.com
Asahi India Glass Ltd Management
The management of Asahi India Glass Ltd.
“As per the last annual report, the company’s management is fairly optimistic about the future, given India’s resilient economic growth and stability amidst global volatility. The company foresees solid growth opportunities in the Automotive and Architectural glass sectors, driven by trends like premiumization of vehicles, the evident move to EVs, a growing demand for quality building materials, and government initiatives like ‘Make in India’ and infrastructure spending. The company aims to capitalize on these by focusing on vertical integration to become more ‘Atmanirbhar’ (self-reliant), investing in R&D and new product development, achieving operational excellence, getting closer to customers, and deepening their commitment to sustainability, including using green hydrogen.”
financialexpress.com
Suhel Khan
The writer of the article.
“Disclosure: The writer and his dependents do not hold the stocks discussed in this article.”
financialexpress.com
