Synopsis: Ashish Kacholia’s Q4 FY26 portfolio update shows an increased stake in Z-Tech (India), reflecting strong conviction in its growth, while sharply reducing its stake in Radiowalla Network. He now holds 52 stocks worth over ₹2,665.8 crore, signaling selective, fundamentals-driven investing across sectors.
Ashish Kacholia’s latest portfolio moves in Q4 have drawn fresh market attention, with a notable increase in his stake in Z-Tech highlighting renewed conviction in the company’s growth prospects. At the same time, his complete exit from Radiowalla, this has sparked discussion among investors tracking his high-conviction bets.
As per the latest corporate shareholding disclosures, Ashish Kacholia publicly holds 52 stocks with a portfolio value exceeding Rs. 2,665.8 crore. Market participants closely monitor his investment activity, as it is often seen as a reflection of emerging opportunities and evolving sectoral trends.
In Q4 FY26, he has made both increases and reductions in his holdings, reflecting a balanced approach based on shifting views of business fundamentals, growth prospects, and long-term value creation potential. These portfolio adjustments across diverse sectors of the Indian economy highlight his active stock selection strategy.
Z-Tech (India) Ltd
Z-Tech (India) Ltd is an Indian infrastructure and engineering company established in 1994 and headquartered in New Delhi. It works mainly in three areas: design and development of theme-based city parks, industrial wastewater management solutions, and specialized geotechnical engineering services like soil stabilization and construction support.
The company focuses on sustainable and environmentally conscious infrastructure projects, including recycling wastewater and developing urban green spaces using proprietary technologies.
In the March quarter of 2026, Ashish Kacholia increased his stake in the company from 3.5% in December 2025 to 3.7% in March 2026 by adding an additional 0.2% stake, which now has a holding value of Rs. 30.0 crore, with ownership of 535,700 shares.
The company’s revenue rose by 74 percent from Rs. 24.14 crore in December 2024 to Rs. 41.99 crore in December 2025. Meanwhile, the Net profit rose from Rs. 5.76 crore to Rs. 7.62 crore during the same period.
The company shows strong profitability with a ROCE of 28.1% and ROE of 20.2%, indicating it is generating efficient returns on both its total capital and shareholders’ equity. These are generally considered healthy figures, suggesting good operational performance and effective use of invested funds.
On the financial stability side, a debt-to-equity ratio of 0.02 shows the company has almost no debt, making it very low-risk in terms of leverage. The PEG ratio of 0.06 is extremely low, which may indicate the stock is significantly undervalued relative to its earnings growth.
Radiowalla Network Ltd
Radiowalla Network Ltd is an India-based media and technology company incorporated in 2010 and headquartered in Bengaluru, Karnataka. It specializes in providing in-store radio services and Digital Out-of-Home (DOOH) advertising solutions for retail and corporate environments.
Over the years, Radiowalla has expanded its presence internationally, working with hundreds of retail partners across multiple countries and supporting large-scale advertising campaigns. It also offers digital signage, content management platforms, and marketing services such as influencer and content marketing, making it a broader digital media solutions provider beyond just in-store radio.
In the March quarter of 2026, Ashish Kacholia decreased his stake in the company from 7.8% in December 2025 to 3.2% in March 2026 by decreasing almost a massive 4.5% stake, which now has a holding value of Rs. 73.2 Lakhs, with ownership of 228,405 shares.
The company’s revenue rose by 4.02 percent from Rs. 9.68 crore in September 2024 to Rs. 10.07 crore in September 2025. Meanwhile, the Net profit rose from Rs. 0.35 crore to Rs. 0.40 crore during the same period.
The company shows decent profitability with a ROCE of 13.6% and a relatively lower ROE of 5.93%, indicating moderate efficiency in generating returns from total capital but weaker returns for equity shareholders. Overall, operational performance is stable but not very strong when compared to high-performing peers.
On the financial side, a low debt-to-equity ratio of 0.07 reflects a very conservative and low-risk capital structure. The stock appears reasonably valued with a PE of 30.5 compared to the industry PE of 38.3, suggesting it may be trading at a slight discount to peers.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post ₹2,665 Cr Portfolio: 2 Stocks Where Ashish Kacholia Increased and Decreased His Stake in Q4 appeared first on Trade Brains.