Archive · 8 Dec 2025

India's Hidden Value Investor Achieves 800% Returns

India's Hidden Value Investor Achieves 800% Returns

Ricky Kriplani, a value investor with over 30 years of experience, has achieved over 800% returns on three stocks held for nearly a decade.

Kriplani, the founder of First Water Capital, focuses on Indian equities, believing in the country's growth potential.

His portfolio includes Kama Holdings, Nalwa Sons, and Uflex Ltd.

Kama Holdings, a core investment company, has seen significant growth in sales and EBITDA, though net profits have grown modestly.

Nalwa Sons, part of the O.P. Jindal Group, has shown strong financial performance with high EBITDA growth.

Uflex Ltd, a packaging company, has had fluctuating profits but is expected to benefit from GST rationalization.

Kriplani's strategy involves holding stocks for the long term, trusting in their potential for sustained growth.

Sources