When it comes to our list of the Warren Buffetts of India, it will always be incomplete without one name: Sunil Singhania, the founder of Abakkus Funds, who is known for his strategic focus on midcap and smallcap stocks across varied industries. Finding fairly valued or undervalued companies backed by strong fundamentals and significant growth prospects, is something Singhania does with finesse. His picks are driven by thorough research and keen market trend analysis.
Currently, Singhania holds 26 stocks worth Rs 2,726 cr (including both personal and Abakkus holdings). But what is causing ripples is the two new additions he has picked for Abakkus Funds.
Both these companies have recorded solid profit growth in the last few years and currently boast of envy-worthy capital efficiency. Let us dive in to see if these picks are worth the hype.
Transforming a Component Manufacturing Industry
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.
With a market cap of Rs 1,294 cr, the company processes transformer components such as laminations, CRGO slit coils, amorphous cores, coil/core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
Ace investor and one of India’s Warren Buffetts, Sunil Singhania’s Abakkus Fund has just bought a 2.9% stake in the company worth Rs 37.3 cr, as per Trendlyne.
The company’s sales have grown at a compounded rate of 36% in the last 3 years and 21% in the last 5 years.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| Sales/Cr | 208 | 121 | 218 | 354 | 449 | 549 |
The EBITDA (earnings before interest, taxes, depreciation, and amortization) grew at a compounded rate of 42% in the last 5 years.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| EBITDA/Cr | 14 | 12 | 21 | 44 | 43 | 82 |
When it comes to net profits, the company has shown nothing short of a complete turnaround, as the profits grew at a compounded rate of 98% in the last 3 years and 74% in the last 5 years.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| Net Profit/Cr | 3 | 1 | 6 | 25 | 21 | 47 |
The share price of Mangal Electrical Industries Ltd was around Rs 535 when it was recently listed in August 2025 and as on 30th October 2025, the price was Rs 468. This current price is a discount of around 19% from the all-time high of Rs 574.
The company’s share is trading at a PE of 28x which is lower than the current industry median of 40x.
The company is currently at a ROCE (Return on Capital Employed) of 30%, while the industry median is just 19%. It simply means that for every Rs 100 spent as capital, while the industry peers make around Rs 19 in profits, Mangal makes Rs 30 in profits.
The company plans to use the net proceeds from the IPO for repayment of borrowings, capital expenditure for expanding the facility at Unit IV situated in Reengus, Sikar District, Rajasthan, and civil works at their existing head office, Jaipur, Rajasthan, to optimize space usage and increase storage capacity and working capital requirements.
Riding High on India’s Higher Education Industry
Incorporated in 2009, Jaro Institute of Technology Management and Research Ltd is an online higher education and upskilling company.
With a market cap of Rs 1,347 cr, the company is an online higher education and upskilling platform offering a wide range of degree programs, such as DBA, MBA, M. Com, M.A., PGDM, MCA, M.Sc., B. Com, BCA—and cross-disciplinary certifications.
Singhania’s Abakkus Funds has bought a 2.3% stake in the company worth Rs 31 cr, as per Trendlyne.
The company’s sales have grown at a compounded rate of 41% in the last 5 years and 47% in the last 3 years.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| Sales/Cr | 45 | 43 | 79 | 122 | 199 | 252 |
The EBITDA saw a compounded growth of an enviable 93% between FY20 and FY25.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| EBITDA/Cr | 3 | 5 | 10 | 24 | 63 | 81 |
When it comes to net profits, the company saw compounded growth of 105% in the last 3 years and 60% in the last 5 years.
| Year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| Net Profit/Cr | 5 | 3 | 6 | 12 | 41 | 52 |
The share price of Jaro Institute of Technology Management and Research Ltd at listing in September 2025 was Rs 745 and as on 30th October 2025 it was Rs 608. The current price is a discount of 32% from its all-time high price of Rs 890.
The share is trading at a PE of 28x which is same as that of the current industry median.
Jaro also has a ROCE of 40% while the industry median is 22%. This means industry peers make a profit of Rs 22 on every Rs 100 spent as capital, and Jaro makes Rs 40 on it.
The company plans to use the money raised by the IPO towards debt repayment, marketing and expanding reach and for other general corporate purposes.
Value Buys to Consider?
When Sunil Singhania buys or sells stocks, it makes investors take notes. After all, he has a track record of picking winners over the years. So, when he buys 2 stocks that are profitable and maintain strong capital efficiency, it must be looked at.
Both the companies we looked at today, Mangal Electricals and Jaro Education, were recently listed, but have logged strong sales and profits growth over the last 5 years. However, both have seen a sharp drop in share prices post listing, despite strong financials. Maybe this is the reason for Singhania’s interest in the stocks.
They are fundamentally strong but are trading at low prices, making them possible value buys. But only time will tell if that is true. For now, maybe add these stocks to a watchlist and keep an eye on them? After all, no one wants to miss a good opportunity.
Disclaimer:
Note: We have relied on data from www.Screener.in and www.trendlyne.com throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only.
Suhel Khan has been a passionate follower of the markets for over a decade. During this period, he was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India.
Disclosure: The writer and his dependents do not hold the stocks discussed in this article.
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