Mukesh Ambani Portfolio: Not Reliance, But This Midcap Is Billionaire's Multibagger - Top 5 Stocks Analysis!

Billionaire Mukesh Ambani is the richest man in Asia and India. And his oil and gas conglomerate, Reliance Industries (RIL) is the largest company in India with a market cap of over Rs 20 lakh crore. But in terms of percentage performance, Reliance is not a multi-bagger in his portfolio. It is a midcap stock named Alok Industries.

Some of the renowned holdings of Mukesh Ambani are Reliance Industries at the top of his chart, coupled with Alok Industries, Jio Financial Services, Just Dial, Reliance Industrial Infrastructure, and Network 18 Media & Investments. However, year-on-year performance is not comparable for Jio Financial Services who debuted to market last year in August. Since its listing, Jio Financial stock has gained by 33% as of now.

But let's see the performance of the other five stocks:

Reliance Industries (RIL) Share Price:

On BSE, Reliance's stock price stood at Rs 2,958.10 apiece, down by 1.6% with a market cap of Rs 20,01,358.50 crore. YTD, Reliance shares have gained by 14.2%. In a year, the stock rallied by 37.95% on the BSE.

During Q3FY24, Reliance's net profit, on a consolidated basis, stood at Rs 19,641 crore registering a growth of 10.9% YoY. While gross revenue stood at Rs 248,160 crore, logging a single-digit growth of 3.2% YoY. Meanwhile, its EBITDA stood at Rs 44,678 crore up by 16.7% YoY with a margin of 18% which expanded by 210 bps.

Alok Industries Share Price:

Midcap Alok Industries is affordable and gives robust returns in the long-term. On BSE, the stock price stood at Rs 30.58 apiece, at 5% upper circuit on March 7. Its market cap stood at Rs 15,183.71 crore. YTD, the stock zoomed by 42% on BSE, while in a year, the upside is nearly 134%, making it a multi-bagger share that is held by Reliance Industries.

As of December 31, 2023, Reliance held 1,98,65,33,333 shares or a 40.01% stake in Alok Industries. In Q3FY24, Alok posted a consolidated revenue of Rs 1,253.03 crore, declining from Rs 1,717.60 crore in Q3FY23 and Rs 1,372.34 crore in Q2FY24. Net loss widened sequentially but narrowed on a year-on-year basis. Consolidated loss stood at Rs 229.92 crore in Q3FY24, as against Rs 249.83 crore in Q3FY23 and Rs 174.83 crore in Q2FY24.

Founded in 1986, Alok Industries is a diversified and integrated manufacturer of Apparel Fabrics (Woven and Knits), Home Textiles (Bed & Bath), Cotton & Polyester Yarns and Garments.

Just Dial Share Price:

Mukesh Ambani holds a stake in Just Dial through his retail arm, Reliance Retail Ventures whose shareholding is to the tune of 5,42,89,574 shares or 63.85% in Just Dial.

On BSE, Just Dial's share price stood at Rs 878.90 apiece, down by 0.32% with a market cap of Rs 7,473.97 crore as of March 7. YTD, the internet catalogue retail company's stock has seen a single-digit upside of 9.3% so far. While in a year, the stock gained by nearly 47% on BSE.

Just Dial posted Revenue of Rs 265.0 Crore, up by 19.7% YoY. While EBITDA stood at Rs 60.4 Crore, up 122.8% YoY; and EBITDA Margin at 22.8%, recorded a 1054 bp YoY expansion. Net profit came in at Rs 92.0 Crore, up 22.3% YoY. Total active listings now 41.6 million; Active Paid Campaigns stood at 566,955, up 8.6% YoY, while Cash and Investments stood at Rs 4,405.3 Crores as of December 31, 2023, up 12.0% YoY.

Just Dial Limited is India's No. 1 Local Search engine that provides local search-related services to users across India through multiple platforms such as websites, mobile websites, Apps (Android, iOS), and over the telephone.

Reliance Industrial Infrastructure Share Price:

Reliance holds about 68,60,064 shares or 45.43% stake in this infra company. On BSE, Reliance Industrial's stock price stood at Rs 1,379.25 apiece, up by 0.66% with a market cap of Rs 2,082.67 crore. YTD, the stock has dipped marginally by 2.71%. But in a year, the stock surged by 62.60% on BSE.

In the third quarter of FY24, Reliance Industrial Infrastructure reported a total income of Rs 20.52 crore on a consolidated basis, as compared to Rs 20.60 crore in the same period a year ago. On segment-wise performance, income from Product Transportation Services, Other Support Services and Hiring Construction machinery stood at Rs 14.94 crore as compared to Rs 17.27 crore in Q3 FY 2022-23. This is in line with the actual utilization of assets. Other Income increased to Rs 5.57 crore from Rs 3.32 crore. Net Profit increased to Rs 3.63 crore from Rs 2.35 crore.

The Company commenced its commercial operation in March 1992. The Company is mainly engaged in the business of setting up / operating Industrial Infrastructure. The Company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.

Network18 Media & Investments Share Price:

This media house is owned by Reliance Industries as well. The media stock stood at Rs 93.80 apiece, up by 3.8% as of March 7 with a market cap of Rs 9,820.38 crore. YTD, the stock has risen by a little over 6%, but in a year, the stock zoomed by 61.2% on BSE.

Network18's consolidated revenue declined 4% YoY to Rs. 1,774 crore, primarily due to lower Movie Studio revenue in Q3FY24. While net loss narrowed to Rs 58 crore in Q3FY23, compared to a loss of Rs 50 crore in Q2FY24, however, widened sharply from a loss of Rs 8 crore in Q3FY23.

Network18 Media & Investments Limited (Network18 Group) is one of India's most diversified media and entertainment (M&E) conglomerates, with interests across television, digital content, filmed entertainment, e-commerce, print and allied businesses.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.