Smart money just made a quiet move.
And most retail investors completely missed it.
Mukul Agrawal — the man behind Param Capital and a publicly tracked portfolio worth over ₹7,833 crore — just dropped his Q4 shareholdings.
Buried inside? Four tiny microcap bets nobody's talking about.
All four share one obsession.
👉 A PEG ratio below 1.
Translation in plain English:
The market may be pricing these stocks for sleep… while their earnings are quietly sprinting.
Peter Lynch built his legend on this exact filter.
Mukul's playing the same game — just in India's microcap jungle.
A Surat-based digital textile printing player. Printers, inks, sublimation papers — the unsexy backbone of fashion manufacturing.
A rail engineering integrator riding India's metro + railway capex wave. Signalling, electrification, turnkey projects — asset-light model.
This is the conviction pick.
Thirteen point nine percent of a listed company. That's not a dabble. That's a thesis.
Delhi-based athleisure and lifestyle distributor — international footwear and apparel brands hitting Indian shelves.
The metrics here are wild.
A PEG of 0.05 is the kind of number that makes value investors do a double-take.
Mumbai-based digital marketing shop. Influencer campaigns, content, performance media — across India, UAE and Singapore.
Four completely different sectors.
Textiles. Rail. Retail. Digital.
But one common DNA:
This isn't theme investing.
This is filter investing.
The big boys aren't chasing the next AI darling here.
They're quietly accumulating tiny businesses with fat returns and silent valuations.
Because in microcap land, the real edge isn't information.
It's patience.
And Mukul Agrawal just showed his hand.
That's all for now!
