# Ashish Kacholia Just Bought 2 Newly Listed Engineering Stocks – High Growth Ahead?
**By Grok Insights |
In the high-stakes world of Indian stock investing, few names command as much attention as Ashish Kacholia, the "Big Whale" of Dalal Street. Known for his uncanny ability to spot multibaggers in small- and mid-cap spaces, Kacholia's latest moves are turning heads. Fresh shareholding data for the September 2025 quarter reveals he's scooped up stakes in two newly listed engineering powerhouses: Vikran Engineering Ltd. and TechEra Engineering (India) Ltd. Total investment? A cool ₹72 crore. With these picks boasting 60% and 95% compounded profit growth over the last three years, is this a signal for explosive upside? Or just another swing in a volatile market? Let's dissect the deals, the companies, and the growth playbook.
## The Big Whale's Latest Bets: Why These Two?
Ashish Kacholia isn't chasing hype—he's hunting value. His Q2 portfolio additions reflect a laser focus on infrastructure and defense, sectors turbocharged by India's capex boom and Atmanirbhar push. Vikran Engineering snagged a 1.5% stake (₹40.5 crore), while TechEra Engineering got 3.4% (₹32 crore), per BSE filings. Both debuted on Dalal Street in 2025, riding the IPO wave amid a market hungry for engineering plays.
Kacholia's track record? Stellar. Stocks like Shaily Engineering Plastics (up over 100% in three years) and Balu Forge Industries have minted fortunes for followers. His ₹2,675 crore portfolio grew 12% in Q2 alone, with fresh bets in four other names like Ganesh Consumer and M&B Engineering. But Vikran and TechEra stand out for their "newly minted" status and sizzling financials—perfect for a growth chaser like him.
## Stock #1: Vikran Engineering – The EPC Infrastructure Beast
Listed in September 2025, Vikran Engineering Ltd. (ticker: VIKRAN) is an end-to-end EPC specialist in power transmission, EHV substations, and water infrastructure. Founded in 2008, it handles everything from design to commissioning, serving giants in utilities and renewables. Market cap: ₹2,652 crore.
**Financial Snapshot (FY20–FY25):**
| Metric | FY20 | FY25 | CAGR |
|---------------------|----------|----------|----------|
| Revenue (₹ Cr) | ~500 | 1,200+ | 32% |
| EBITDA (₹ Cr) | 68 | 162 | 19% |
| Net Profit (₹ Cr) | Low | 95% growth over 3 yrs | N/A |
| Order Book (₹ Cr) | N/A | 2,500 | N/A |
Data shows robust expansion: Revenue jumped 17% YoY in FY25, with PAT up 4%—modest but backed by a massive ₹2,500 crore unexecuted order book. That's a multi-year revenue visibility bomb, fueled by India's ₹11 lakh crore infra pipeline.
**Growth Ahead?** Analysts are bullish. With government spending on power and water at record highs, Vikran's EPC expertise positions it for 25–30% annual revenue growth. Risks? Execution delays in mega-projects, but its Navy-approved supplier status adds a defense-adjacent halo. Post-listing, shares are up 15%—Kacholia's entry could ignite more.
## Stock #2: TechEra Engineering – Defense Tooling Dark Horse
TechEra Engineering (India) Ltd. (ticker: TECHERA), listed in late 2024, specializes in precision tooling and components for aerospace and defense. Think marine chillers and high-tech jigs for the Indian Navy—it's an approved supplier to directorates like Electrical Engineering and Quality Assurance. Market cap: Around ₹400 crore, making it a nimble small-cap bet.
**Financial Snapshot (Recent Years):**
| Metric | FY22 | FY25 (Est.) | 3-Yr Growth |
|---------------------|---------|-------------|-------------|
| Revenue (₹ Cr) | 7 | 50+ | 60% CAGR |
| EBITDA Margin | Negative| Improving | N/A |
| Net Profit | Loss | Profitable | 60% compounded |
| Debt/Equity | Low | Low | N/A |
Early years were rocky (losses in FY21–22), but a turnaround kicked in with defense orders. Revenue CAGR hit 60% over three years, driven by indigenization mandates. Shares? Already up 233% since Kacholia's October buy-in, trading at ₹273+ after hitting upper circuits.
**Growth Ahead?** The defense sector's 17.9% earnings growth forecast screams opportunity. With India's $25 billion export target by 2025 and rising Navy budgets, TechEra's niche in warship projects could deliver 40–50% topline jumps. Analyst optimism is tempered by execution risks in high-precision manufacturing, but Kacholia's 1.9% stake (via open market) signals conviction.
## Market Buzz: Followers Flocking, But Volatility Looms
X is abuzz—#KacholiaPicks trending with posts like "Big Whale hunts in infra & defense! Vikran + TechEra = Next multibaggers?" Retail frenzy has pushed both stocks 5–10% post-filings, but small-caps are frothy: Nifty Smallcap 100 up 25% YTD, yet prone to 20% corrections.
Broader context? Kacholia's Q2 spree included preferential allotments like ₹10 crore in Knowledge Marine & Engineering (up 5% on news). His strategy: Bet on scalable stories in capex cycles, holding 42–81 stocks for diversification.
| Stock | Stake % | Investment (₹ Cr) | 3-Yr Profit CAGR | Sector Tailwind |
|----------------|---------|-------------------|------------------|-----------------|
| Vikran Engg. | 1.5% | 40.5 | 95% | Infra Boom |
| TechEra Engg. | 3.4% | 32 | 60% | Defense Push |
## Verdict: High Growth? Bet on It – With Eyes Wide Open
Kacholia's duo screams potential: Vikran's order flood and TechEra's defense moat align with India's $5 trillion economy dream. Expect 30–50% compounded returns over 3–5 years if execution holds. But caveats: Geopolitical jitters for defense, inflation for infra costs. For risk-tolerant investors, these are "buy on dips" plays—follow the Whale, but DYOR.
Got a Kacholia favorite? Or eyeing these? Hit the comments—let's decode the next big wave.
*Sources: Financial Express, Economic Times, Moneycontrol, and market data. Not investment advice—consult a pro.*
Ashish Kacholia bought a 3.4% stake in the company worth Rs 32 cr, as per the exchange filings for the quarter ending September 2025.
The company’s sales have grown from Rs 13 cr in FY20 to Rs 99 cr in FY25, which is a compounded growth of 50% in 5 years.
The EBITDA (earnings before interest, taxes, depreciation, and amortization) in the same period grew from a loss of Rs 1 cr to a profit of Rs 27 cr.
As for the net profits, the company recorded a turnaround, as from making losses of Rs 3 cr in FY20 it grew to making profits of Rs 14 cr in FY25, In the last 3 years however (FY22-FY25), the compounded profit growth is 60%.
The share price of Shree Refrigerations Ltd was about Rs 175 on listing in August 2025 and as of closing on 27th October 2025, it was at Rs 260, which is a jump of almost 49%.
The company’s share is trading at a current PE of 67x, while industry median is 36x.
As per the company’s last annual report, the management is cautiously optimistic and expects to leverage its strengths to reinforce market leadership and pursue selective expansion, supported by disciplined financial management and operational excellence, despite potential external challenges.
