She also added shares in three other companies, KCP, NCL Industries and Butterfly Gandhimathi Appliances.
The ace investor entered Mangalore Chemicals (MCFL) during the quarter, purchasing a 1.7 per cent stake. MCFL is a subsidiary of Zuari Agrochemicals.
Khanna bought a 1.3 per cent stake in Neuland Laboratories, and 1.57 per cent in Asahi Songwon Colors.
Besides, the Chennai-based investor increased her stake in cement maker KCP to 3.3 per cent at the end of the March quarter, from over 2.5 per cent at the end of the previous quarter.
Khanna had first made an investment in KCP in the quarter ended September 2020.
She increased her holding in another cement maker, NCL Industries, in the quarter gone by, lifting her stake by 60 basis points to 1.7 per cent from 1.1 per cent.
She also bought a small stake in Butterfly Gandhimathi, taking her holding to 1.59 per cent at March-end, up 9 basis points over 1.50 per cent at December-end.
Among her new additions, Neuland is not new to value investors. It has another seasoned investor, Mukul Agarwal as its shareholder, with a 2.34 per cent stake.
Ace investor Ashish Kacholia had bought a 1.31 per cent stake in Neuland in the September quarter. However, he has brought down his holding in the company below 1 per cent since then.
Analysts expect the company to log strong growth numbers for the March quarter.
Brokerage Anand Rathi said in a pre-earnings note that it expects Neuland’s sales to grow 20 per cent in Q4 to Rs 230 crore on strong growth in custom manufacturing solutions (CMS) and niche APIs.
In case of Mangalore Chemicals, analysts said that additional subsidy allocation should bring strong financial flexibility and stability for fertiliser companies in FY21‐22, with substantial reduction in working capital loans.
In FY20, 40 per cent of MCFL revenue was subsidy receivables, while its debt/Ebitda ratio stood at 7 times.
The clearance of subsidy will support MCFL in reducing its debt substantially in FY21, they said, adding that the finance cost for the firm is likely to reduce by about 70 per cent in FY21.
Not many brokerages track Asahi Songwon Colors.
Meanwhile, Khanna brought down her holding in
by 30 basis points to 1.3 per cent.
