Ace investor Mukul Agarwal has recently invested around Rs 125 crore in five new companies. With the latest addition, his portfolio now includes 74 stocks with a total value of over Rs 7,130 crore. Of the five firms, four are SME-listed stocks and one is a small-cap mainboard company. Here's a look at the stocks he recently bought. 

1. True Colors Ltd

According to March 2026 shareholding data, Agarwal invested Rs 8 crore for a 1.62% stake in the firm. The firm is engaged in  Digital textile printing. The company has strong growth and sales data and high ROCE of nearly 44%. 

2. Gaudium IVF & Women Health

Agarwal bought stake worth Rs 29 crore or 3.43% in the : Women’s healthcare firm. The company has expansion plans in Tier 2 & 3 cities. The stock has already gained 45% after listing. 

3. E to E Transportation Infrastructure

In fourth quarter of last fiscal, the ace investor spent 63 crore for a 13.9% stake. The firm operates in Railway/logistics sector. It has a strong order book worth Rs 478 crore. The 
stock surged 45% recently. 

4. Brandman Retail

Agarwal invested Rs 14.5 crore for a 4.4% stake in the last quarter. The company is engaged in the business of sports & lifestyle retail. It has a very high ROCE of 116%. 

5. Yaap Digital

Agarwal bought 1.43% stake for Rs 14.5 crore in the last quarter. The company is into digital marketing.It has a strong profitability turnaround and is focussed on AI-based content and expansion. 

Overview 
Mukul Agarwal is actively betting on small-cap & SME companies, which typically offer high growth with higher risk.

His latest investing strategy reflects a focus on:

  1. High return ratios (ROCE/ROE)
  2.  Emerging sectors (digital, healthcare, logistics)
  3. Early-stage growth companies