Vijay Kedia portfolio includes a mix of high-growth and fundamentally strong companies that have delivered impressive returns over time. Investors closely follow his holdings to gain insights into potential multi-bagger stocks. In this article, we take a look at Vijay Kedia’s latest portfolio and the stocks he currently holds.
Who Is Vijay Kedia?
Vijay Kedia is a well-known Indian investor and stock market expert, admired for his long-term investment approach and keen eye for identifying high-growth companies. Coming from a humble background, he started his journey in the stock market at a young age and gradually built a reputation as one of India’s most successful investors.
His investment philosophy is based on patience, conviction, and selecting fundamentally strong businesses with growth potential. Over the years, his stock picks have delivered remarkable returns, making him a source of inspiration for retail investors.
Vijay Kedia Portfolio Stocks List
The table below showcases Vijay Kedia’s portfolio stocks, ranked by market capitalization and their respective 1-year returns. These stocks reflect his investment strategy, focusing on a mix of growth-oriented and fundamentally strong companies.
| Stock Name | Market Cap (₹ Cr) | 1Y Return (%) |
|---|---|---|
| Neuland Laboratories Ltd | 14,842.83 | 86.4 |
| Tejas Networks Ltd | 14,068.21 | 16.2 |
| Reliance Infrastructure Ltd | 10,176.92 | -10.13 |
| Elecon Engineering Company Ltd | 10,121.56 | -6.91 |
| Sudarshan Chemical Industries Ltd | 7,866.32 | 46.3 |
| Mahindra Holidays and Resorts India Ltd | 6,007.92 | -26.15 |
| Vaibhav Global Ltd | 3,824.71 | -40.03 |
| Heritage Foods Ltd | 3,766.13 | 22.02 |
| Patel Engineering Ltd | 3,289.67 | -33.74 |
| Siyaram Silk Mills Ltd | 3,199.95 | 55.69 |
Detailed Information About Vijay Kedia Portfolio Stocks
Vijay Kedia’s portfolio stocks are carefully selected based on strong fundamentals, growth potential, and market trends. In this section, we provide detailed insights into each company, including their financial health, business model, recent performance, and future outlook, helping investors understand why these stocks are part of his portfolio.
1. Neuland Laboratories Ltd
| Market Cap | ₹ 15,463 Cr. |
|---|---|
| Current Price | ₹ 12,053 |
| 52-Week High / Low | ₹ 18,100 / ₹ 5,540 |
| Stock P/E | 64.4 |
| Book Value | ₹ 1,087 |
| Dividend Yield | 0.12% |
| ROCE | 33.3% |
| ROE | 26.4% |
| Face Value | ₹ 10.0 |
Neuland Laboratories is a leading manufacturer of bulk drugs, catering to both domestic and international markets. The company operates in three key segments: Prime APIs, Niche/Specialty APIs, and Custom Manufacturing Solutions (CMS). While Prime APIs contribute 24% of revenues, Neuland is steadily shifting towards high-margin Specialty APIs (22%) and CMS (49%).
The CMS segment, catering to pharma and biotech firms, has 88 active projects, including 18 in the commercial stage. The company exports 78% of its revenue, with North America (54%) and Europe (35%) being key markets.
Neuland has strong R&D capabilities with 973+ DMFs filed and 204+ patents, supported by three manufacturing facilities in Hyderabad. The company recently acquired land for capacity expansion and invested ₹140 Cr in Capex for FY24, with ₹100 Cr planned for FY25-26.
Neuland Laboratories Share Price CAGR
| Period | CAGR (%) |
|---|---|
| 10 Years | 43% |
| 5 Years | 112% |
| 3 Years | 118% |
| 1 Year | 85% |
2. Tejas Networks Ltd
| Market Cap | ₹ 15,452 Cr. |
|---|---|
| Current Price | ₹ 876 |
| 52-Week High / Low | ₹ 1,495 / ₹ 647 |
| Stock P/E | 23.2 |
| Book Value | ₹ 212 |
| Dividend Yield | 0.00% |
| ROCE | 3.68% |
| ROE | 2.06% |
| Face Value | ₹ 10.0 |
Tejas Networks Ltd, incorporated in 2000, designs and manufactures wireline and wireless networking products with a strong focus on technology, innovation, and R&D. The company serves telecom service providers, utilities, governments, and defense networks across 75+ countries. It operates under Panatone Finvest Limited, a subsidiary of Tata Sons Private Limited. Tejas Networks follows an asset-light model, manufacturing in India through EMS partnerships while maintaining an in-house facility for integration and quality control.
The company’s product portfolio includes wireline solutions like FTTX, Optical Transport, and Switches & Routers, as well as wireless products such as 4G/G RAN, SATCOM, and Broadcast Radio. Its network management and monitoring solutions enhance operational efficiency. The order book at the end of FY24 stood at ₹8,221 Cr, with India contributing ₹7,958 Cr and international markets ₹263 Cr. Tejas Networks faces competition from global players like Nokia, Huawei, and Ciena but remains competitive through strategic alliances, government incentives, and strong R&D investments. The company and its subsidiaries have been granted 313 patents out of 445 filed, with 31 patents granted in Q3FY24.
Tejas Networks Share Price CAGR
| Period | CAGR (%) |
|---|---|
| 5 Years | 94% |
| 3 Years | 21% |
| 1 Year | 13% |
3. Reliance Infrastructure Ltd
| Metric | Value |
|---|---|
| Market Cap | ₹10,389 Cr |
| Current Price | ₹262 |
| 52-Week High/Low | ₹351 / 144 |
| Stock P/E | 629 |
| Book Value | ₹318 |
| Dividend Yield | 0.00% |
| ROCE | 7.38% |
| ROE | -11.6% |
| Face Value | ₹10.0 |
Reliance Infrastructure Ltd is a leading infrastructure company engaged in power generation, transmission, distribution, and trading, along with roads, metro rail, airports, and defense projects. It operates key power plants, including a 220 MW facility at Samalkot and a 48 MW plant at Mormugao, while subsidiaries BRPL and BYPL cater to power distribution in Delhi.
The company has a significant order book of ₹6,650 Cr and has recently acquired a 30% stake in Utility Powertech Limited. It also won major arbitration awards, including ₹2,950 Cr from Delhi Metro Rail Corporation and ₹896 Cr from Damodar Valley Corporation. However, financial challenges persist, including IBC proceedings against Mumbai Metro One and the termination of the Kandla Mundra Road Project concession with NHAI.
Reliance Infrastructure Share Price CAGR
| Duration | CAGR |
|---|---|
| 10 Years | -5% |
| 5 Years | 88% |
| 3 Years | 26% |
| 1 Year | -11% |
4. Elecon Engineering Company Ltd
| Metric | Value |
|---|---|
| Market Cap | ₹10,212 Cr |
| Current Price | ₹455 |
| 52-Week High/Low | ₹739 / 377 |
| Stock P/E | 27.4 |
| Book Value | ₹78.2 |
| Dividend Yield | 0.33% |
| ROCE | 31.3% |
| ROE | 24.5% |
| Face Value | ₹1.00 |
Elecon Engineering Company Ltd., established in 1960, is a leading manufacturer of power transmission and material handling equipment in India and globally. It dominates the industrial gear market in India with a 39% share and is the only Indian company capable of manufacturing complex gearboxes for the defense sector, including the Indian Navy. The company has a strong global presence with four assembly centers and over 100 overseas distributors. With a total unexecuted order book of ₹791 Cr as of Q3FY24 and a revenue guidance of ₹2,000 Cr for FY24, Elecon continues to expand its market reach.
| Metric | 10 Years | 5 Years | 3 Years | 1 Year | TTM |
|---|---|---|---|---|---|
| Compounded Sales Growth | 4% | 10% | 23% | — | 11% |
| Compounded Profit Growth | 38% | 55% | 83% | — | 16% |
| Stock Price CAGR | 28% | 115% | 72% | -7% | — |
| Return on Equity (ROE) | 11% | 17% | 20% | 24% | — |
5. Sudarshan Chemical Industries Ltd
| Metric | Value |
|---|---|
| Market Cap | ₹ 7,857 Cr. |
| Current Price | ₹ 1,000 |
| 52-Week High/Low | ₹ 1,235 / 608 |
| Stock P/E | 55.1 |
| Book Value | ₹ 175 |
| Dividend Yield | 0.46% |
| ROCE | 11.4% |
| ROE | 11.3% |
| Face Value | ₹ 2.00 |
Sudarshan Chemical Industries is the world’s 3rd largest pigment manufacturer, holding a 35% market share in FY24. The company produces a wide range of organic, inorganic, and effect pigments used across coatings, plastics, inks, and cosmetics. It has two manufacturing plants in Mahad and Roha, along with a dedicated R&D center near Pune. With a strong global presence, it exports to 85+ countries. The company’s pigment business contributes 90% of its revenue, with specialty pigments accounting for 69% of the segment.
6. Mahindra Holidays and Resorts India Ltd
| Metric | Value |
|---|---|
| Market Cap | ₹ 6,185 Cr. |
| Current Price | ₹ 306 |
| 52-Week High/Low | ₹ 505 / 278 |
| Stock P/E | 46.0 |
| Book Value | ₹ 29.1 |
| Dividend Yield | 0.00% |
| ROCE | 9.24% |
| ROE | 24.0% |
| Face Value | ₹ 10.0 |
Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Mahindra Group, is India’s leading vacation ownership company and the 6th largest globally. Its flagship brand, Club Mahindra, offers vacation ownership memberships with a total inventory of 5,698 rooms across 126 resorts.
The company also owns Holiday Club Resorts Oy (HCRO) in Europe, operating 33 timeshare properties. MHRIL plans to expand its inventory to 10,000 keys by FY30 with a capex of ₹2,500 Cr. Despite steady growth, the company faces contingent liabilities of ₹1,581 Cr, mainly from tax disputes.
7. Vaibhav Global Ltd
Vaibhav Global Limited (VGL) is a leading omnichannel e-tailer specializing in fashion jewelry, accessories, and lifestyle products, operating in the US, UK, and Germany. The company reaches over 130 million households through TV home shopping networks and e-commerce platforms. With a vertically integrated business model, it sources products from 30+ countries and maintains a strong manufacturing presence in Jaipur, India. VGL aims for 14-17% revenue growth in FY25 and plans to increase its branded product revenue share to 50% by FY27.
| Metric | Value |
|---|---|
| Market Cap | ₹ 3,880 Cr. |
| Current Price | ₹ 233 |
| 52-Week High/Low | ₹ 438 / 206 |
| Stock P/E | 27.2 |
| Book Value | ₹ 77.8 |
| Dividend Yield | 2.57% |
| ROCE | 14.0% |
| ROE | 10.8% |
| Face Value | ₹ 2.0 |
8. Heritage Foods Ltd
Heritage Foods Ltd, established in 1992, is a leading private dairy player in South India with a milk processing capacity of 2.78 million litres per day. It operates in dairy, renewable energy, and animal feed segments, selling products across 19 states, including new markets like Kolkata, Mysuru, and Bhubaneswar. The company serves around 10 million consumers daily through an extensive distribution network of over 1.80 lakh retail outlets, 7,200+ distributors, and 2,000+ delivery vehicles. Heritage Foods has ISO certifications for food safety, quality, energy management, and more. Its subsidiary, Heritage Nutrivet Limited, manufactures cattle feed, while its JV with France-based Novandie focuses on yogurt production.
| Market Cap | ₹ 3,831 Cr. |
|---|---|
| Current Price | ₹ 413 |
| High / Low | ₹ 728 / 296 |
| Stock P/E | 20.1 |
| Book Value | ₹ 96.1 |
| Dividend Yield | 0.61% |
| ROCE | 16.2% |
| ROE | 13.3% |
| Face Value | ₹ 5.00 |
9. Patel Engineering Ltd
Patel Engineering Ltd, established in 1949, is a leading civil engineering construction firm specializing in hydro, irrigation, tunneling, urban infrastructure, and transport projects. With 250+ executed projects, the company has completed 87+ dams, 15,000+ MW hydro projects, 300+ km of tunnels, and 1,200+ km of roads. Its order book as of Q3FY24 stands at ₹19,000 Cr, with 62% orders from PSUs. The company is focused on debt reduction through asset monetization and arbitration claims.
| Market Cap | ₹ 3,530 Cr. |
|---|---|
| Current Price | ₹ 41.8 |
| High / Low | ₹ 74.4 / 38.4 |
| Stock P/E | 10.0 |
| Book Value | ₹ 43.2 |
| Dividend Yield | 0.00% |
| ROCE | 13.9% |
| ROE | 7.50% |
| Face Value | ₹ 1.00 |
10. Siyaram Silk Mills Ltd
Siyaram Silk Mills Ltd is a well-known textile manufacturer specializing in fabrics and readymade garments, primarily in men’s wear. The company exports its products to several countries, including the UAE, Australia, and Canada. It operates with a strong brand portfolio, including Siyaram’s, J. Hampstead, Oxemberg, and Cadini Italy. With 11 manufacturing plants and an extensive distribution network of 800+ distributors across 30 countries, Siyaram has a significant presence in the Indian and global markets.
The company follows an asset-light outsourcing model, allowing flexibility in scaling production. It is also expanding its retail footprint by investing ₹50 Cr to establish 30 new stores by March 2025.
| Metric | Value |
|---|---|
| Market Cap | ₹3,360 Cr. |
| Current Price | ₹741 |
| High / Low | ₹1,175 / ₹410 |
| Stock P/E | 17.2 |
| Book Value | ₹265 |
| Dividend Yield | 1.49% |
| ROCE | 20.5% |
| ROE | 16.3% |
| Face Value | ₹2.00 |
Vijay Kedia’s Net Worth
Vijay Kedia, a renowned investor in the Indian stock market, has built a strong reputation for his investment strategies and long-term vision. With a net worth exceeding ₹1,459.2 crore, Kedia publicly holds 15 stocks as per the latest corporate shareholding disclosures. Known for his SMILE investment approach—Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential—he focuses on companies with strong management and high growth potential.
Vijay Kedia Stocks List Based on 6-Month Return
The Vijay Kedia portfolio stocks have delivered mixed returns over the past six months, with only a few stocks showing positive growth. TAC Infosec Ltd and Siyaram Silk Mills Ltd led the gains, while most others, including Elecon Engineering and Heritage Foods, saw declines. The overall low returns reflect the current bear market conditions.
| Stock Name | 6M Return % |
|---|---|
| TAC Infosec Ltd | 79.27% |
| Siyaram Silk Mills Ltd | 57.63% |
| Neuland Laboratories Ltd | 0.51% |
| Sudarshan Chemical Industries Ltd | -5.31% |
| Ramco Systems Ltd | -9.81% |
| Reliance Infrastructure Ltd | -19.73% |
| Mahindra Holidays and Resorts India Ltd | -21.43% |
| Talbros Automotive Components Ltd | -22.27% |
| Vaibhav Global Ltd | -22.50% |
| Atul Auto Ltd | -23.39% |
| Tejas Networks Ltd | -23.79% |
| Precision Camshafts Ltd | -24.20% |
| Patel Engineering Ltd | -24.72% |
| Heritage Foods Ltd | -32.68% |
| Elecon Engineering Company Ltd | -34.03% |
Best Vijay Kedia Multibagger Stocks Based on 5-Year Net Profit Margin
| Stock Name | 5Y Avg Net Profit Margin % |
|---|---|
| TAC Infosec Ltd | 27.42 |
| Elecon Engineering Company Ltd | 11.66 |
| Neuland Laboratories Ltd | 9.99 |
| Talbros Automotive Components Ltd | 8.01 |
| Vaibhav Global Ltd | 7.33 |
| Sudarshan Chemical Industries Ltd | 7.24 |
| Siyaram Silk Mills Ltd | 6.81 |
| Precision Camshafts Ltd | 3.47 |
| Heritage Foods Ltd | 1.78 |
| Mahindra Holidays and Resorts India Ltd | 1.09 |
| Atul Auto Ltd | 0.08 |
| Patel Engineering Ltd | -0.09 |
| Reliance Infrastructure Ltd | -3.33 |
| Tejas Networks Ltd | -12.16 |
| Ramco Systems Ltd | -18.06 |
Top Sectors Dominating Vijay Kedia’s Portfolio
| Name | Sub-Sector | Market Cap (₹ Cr) |
|---|---|---|
| Neuland Laboratories Ltd | Pharmaceuticals | 14,842.83 |
| Tejas Networks Ltd | Telecom Equipments | 14,068.21 |
| Reliance Infrastructure Ltd | Power Infrastructure | 10,176.92 |
| Elecon Engineering Company Ltd | Heavy Electrical Equipments | 10,121.56 |
| Sudarshan Chemical Industries Ltd | Diversified Chemicals | 7,866.32 |
High Dividend Yield Vijay Kedia Stocks
| Stock Name | Dividend Yield (%) |
|---|---|
| Vaibhav Global Ltd | 2.6 |
| Siyaram Silk Mills Ltd | 1.56 |
| Heritage Foods Ltd | 0.62 |
| Precision Camshafts Ltd | 0.57 |
| Sudarshan Chemical Industries Ltd | 0.40 |
Midcap and Smallcap Focus in Vijay Kedia’s Portfolio
| Stock Name | Market Cap (₹ Cr) | 1Y Return (%) |
|---|---|---|
| TAC Infosec Ltd | 1410.97 | 327.64 |
| Neuland Laboratories Ltd | 14842.83 | 86.4 |
| Siyaram Silk Mills Ltd | 3199.95 | 55.69 |
| Sudarshan Chemical Industries Ltd | 7866.32 | 46.3 |
| Heritage Foods Ltd | 3766.13 | 22.02 |
Investing in Vijay Kedia’s Portfolio: Key Takeaways
Vijay Kedia’s portfolio is ideal for long-term investors with a high-risk tolerance. His SMILE investment strategy focuses on mid-cap companies with strong management, innovation, and high growth potential.
Key Factors to Consider
- Growth Potential: Stocks like TAC Infosec Ltd have delivered over 280% returns in a year.
- Diversification: Investments span across healthcare, technology, and engineering.
- Risk & Volatility: Mid-cap stocks can be highly volatile but offer long-term wealth creation.
- Fundamental Strength: Companies like Neuland Laboratories Ltd have robust financials.
Advantages & Risks
✅ High Growth Potential – Kedia’s stock picks have historically outperformed.
✅ Diversified Portfolio – Reduces risk across multiple industries.
⚠️ Volatility Risk – Mid-cap stocks can fluctuate significantly.
⚠️ Market Dependency – Economic downturns may impact stock performance.
Investing in Vijay Kedia’s portfolio offers high reward potential but requires patience, research, and risk management for sustainable success.
Conclusion
Investing in Vijay Kedia’s portfolio can be a rewarding journey for those who have a long-term vision and a high-risk appetite. His strategic focus on mid-cap and high-growth companies presents opportunities for significant capital appreciation. However, investors must be prepared for market volatility and conduct thorough research before making investment decisions.
By following diversification, sectoral analysis, and strong fundamental evaluation, one can optimize returns while managing risks. Whether you’re a seasoned investor or a market enthusiast, aligning with Kedia’s investment philosophy can offer valuable insights into wealth creation. Patience, discipline, and market awareness remain the key pillars of success in this investment approach