Ashish Kacholia dumps 7.8% Dhabriya Polywood stake, left with 0.03%
The marquee investor sold down from 7.82% to near zero between September and July, signaling a loss of confidence in the nano-cap.
— 8 earlier stories on Dhabriya Polywood Ltd. →What's new
- Ashish Kacholia cuts Dhabriya Polywood holding from 7.82% to 0.03% in open market sales.
- Sales occurred over a ten-month period from Sept 2025 to July 2026.
- Entities linked to Kacholia included in the selling group.
Why this matters
For a nano-cap with a market cap of about ₹420 crore, the exit of a well-known investor like Kacholia is a bearish signal. It suggests the stock's recent run-up may have been used for distribution. The selling pressure over months also indicates a prolonged lack of conviction.
What we're watching
- Whether other institutional holders follow suit.
- Impact on stock price after recent buying by another fund.
- Management's ability to sustain 30% revenue guidance without marquee backing.
The full read
Ashish Kacholia is out. The well-known value investor has sold his entire 7.82% stake in Dhabriya Polywood over ten months, leaving just 0.03% across entities linked to him. The sales occurred in the open market on the BSE between September 2025 and July 2026. For a nano-cap with a market cap of around ₹420 crore, the exit of a marquee holder is rarely a casual event. The stock had seen recent institutional buying from another fund and the company itself guided for 30% revenue growth after a strong March quarter (sales of ₹70 cr, net profit of ₹8 cr). But Kacholia's sustained selling tells a different story. The market now has to weigh the positive fundamentals against the departure of one of its most visible backers.
Questions answered
- Who sold the stake?
- Ashish Kacholia along with Lucky Investment Managers and Suryavanshi Commotrade sold 7.82% of Dhabriya Polywood in the open market.
- Over what period did the sales occur?
- The sales occurred between September 2025 and July 2026, indicating a gradual exit over ten months.
- What is the remaining stake?
- After the sales, Kacholia and related entities hold just 0.03% of the company.
- Why does this matter for the stock?
- Marquee investor exits are often seen as a lack of confidence, especially in small caps. The stock may face selling pressure and negative sentiment.
- What is Dhabriya Polywood's recent performance?
- In the March 2026 quarter, sales were ₹70 crore and net profit ₹8 crore. Trailing revenue growth is about 10% and PAT up 55%.
- Has there been any positive news recently?
- Yes, the company won an ₹18.59 crore order in July 2026, a ₹13.05 crore modular kitchen order from M3M in June 2026, and has guided for 30% revenue growth.
Dhabriya Polywood Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on DHABRIYA →- 28 Jul 2026 · 4:59 PM IST Ashish Kacholia dumps 7.8% Dhabriya Polywood stake, left with 0.03%
- 8d ago Dhabriya Polywood bags ₹18.59 cr order for aluminum doors and windows
- 36d ago Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
- 59d ago Dhabriya Polywood guides for 30% annual revenue growth after profit jumps 67%
- 62d ago Dhabriya targets 30% annual growth and is spending ₹100 cr to get there.