Vijay Kedia Portfolio in 2025
Vijay Kedia is one of India’s most successful retail investors, known for spotting undervalued small- and mid-cap stocks before they take off. He follows his “Three Tenets”, partnering with trustworthy promoters, backing potential industry leaders, and buying at attractive valuations, alongside his distinct SMILE strategy. This blog explores Kedia’s core portfolio principles, the metrics he prioritises, and actionable takeaways from his SMILE framework to help you build and manage your own long-term investments.
Vijay Kedia Portfolio Holdings List 2025
Here are 13 actively held stocks out of the 16 total Vijay Kedia portfolio companies.
| Stock Name | Holding Percentage | Change from the Previous Quarter | Holding Value |
|---|---|---|---|
| Affordable Robotic & Automation Ltd | 9.93% | 0.00% | 42.79 |
| Atul Auto Ltd | 20.91% | 0.00% | 259.23 |
| Elecon Engineering Company Ltd | 1.00% | -0.01% | 128.36 |
| Innovators Facade Systems Ltd | 10.66% | 0.00% | 41.81 |
| Mahindra Holidays and Resorts India Ltd | 1.00% | 0.00% | 71.96 |
| Neuland Laboratories Ltd | 1.01% | 0.00% | 167.39 |
| Precision Camshafts Ltd | 1.05% | -1.05% | 17.48 |
| Repro India Ltd | 6.33% | 0.00% | 47.18 |
| Siyaram Silk Mills Ltd | 1.00% | 0.00% | 28.12 |
| Sudarshan Chemical Industries Ltd | 1.27% | 0.00% | 144.9 |
| Vaibhav Global Ltd | 2.03% | 0.00% | 74.59 |
| Global Vectra Helicorp Ltd | 3.00% | 0.00% | 9.76 |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Who is Vijay Kedia?
Vijay Kedia is an Indian investor, founder and managing director of Kedia Securities Pvt. Ltd., a stock broking firm. Kedia is known for his contrarian investing style and his ability to make profits in both bull and bear markets. He has written several books on stock trading as well.
Vijay Kedia was born in Kolkata in 1962. He started trading in the stock market at the age of 17 and quickly made a name for himself as a successful trader. In 1993, he founded Kedia Securities Pvt. Ltd., which has since become one of the leading stock brokerage firms in India.
Despite lacking formal education in finance or economics, Kedia’s self-taught approach and avid reading have shaped his expertise, making him a prominent figure in the investment community.
Kedia is known for his distinct stock selection approach, popularly referred to as the SMILE framework:
S – Small in size
M – Medium in experience
I – Large in aspiration
L – Extra-Large in market potential
E – Extra-large potential
Achievements of Vijay Kedia
- He was awarded the “Trader of the Year” award by the Bombay Stock Exchange in 2004.
- He was ranked among the top 100 richest Indians by Forbes magazine in 2018.
- He is the author of several books on stock trading, including “The Art of Stock Trading” and “The Secret of Successful Investing”.
- He is a frequent speaker at investment conferences and has been featured in several magazines and newspapers, including The Wall Street Journal, The Financial Times, and The Economic Times.
Overview of Vijay Kedia Stocks in 2025
Here is the detailed overview of companies of vijay kedia top holdings:
Elecon Engineering Company Ltd
Elecon Engineering is a leading provider of electrical and mechanical engineering solutions to the railway, defence, and industrial sectors.
- Railway Sector: Elecon Engineering offers products and services such as signalling and telecom systems, rolling stock, and electrification systems.
- Defence Sector: The company provides weapons systems, radar systems, and communication systems across various defence applications.
- Industrial Sector: Elecon Engineering supplies automation systems, process control systems, and power generation systems for industrial use.
Vaibhav Global Ltd
Vaibhav Global supplies electronic components across consumer electronics, automotive, and industrial sectors. Its offerings include PCBs, connectors, sensors, actuators, wiring harnesses, motors, transformers, LED modules, and power supplies.
Sunil Agrawal, Managing Director of Vaibhav Global, shared insights on the company’s Q4 FY25 performance, stating:
“We closed the quarter with ₹850 cr in revenue, an 8% YoY growth. Our unique customer base crossed 7.1 lakh- the highest ever for the Group. Germany remained EBITDA breakeven for the quarter, and Ideal World continued its growth momentum. Digital now contributes 41% of overall sales, and PAT grew 62% YoY, supported by operating leverage and cost efficiencies. The balance sheet remains strong with a net cash position of ₹170 cr.
The outlook remains compelling and promising. For FY26, we expect revenue growth of 8–12%, with further upside in the following years along with a healthy degree of operating leverage.”
Mahindra Holidays & Resorts India Ltd
Mahindra Holidays and Resorts is India’s leading vacation ownership and leisure travel company. Mahindra Holidays and Resorts offers a wide range of vacation ownership and leisure travel products and services, including timeshares, fractional ownership and vacation rentals.
Vijay Kedia Multibagger Stocks
Kedia has invested in a number of stocks that have generated significant returns, or “multibaggers”. Some of the multibagger stocks in Vijay Kedia Portfolio include:
| Stock | Business Description | 10-Year Return |
| Atul Auto Ltd | Leading manufacturer and seller of three-wheeler auto-rickshaws in India | >1,000% |
| Heritage Foods Ltd | Major dairy-products manufacturer and distributor across India | >300% |
| Precision Camshafts Ltd | Premier producer of precision-machined camshafts for the automotive sector | >200% |
Vijay Kedia Penny Stocks
Along with the multibagger stocks, Vijay Kedia has also invested in a number of penny stocks. Some of the penny stocks in the Vijay Kedia portfolio include:
| Stock | Business Description |
| Global Vectra | Operator of helicopter air-logistics services for oil & gas, government, and corporate clients |
| TAC Infosec | Provider of SaaS-based cybersecurity solutions specializing in vulnerability management and pen-testing |
Vijay Kedia Portfolio Sectors-Wise Investment
Here is a graphical representation of Vijay Kedia’s stocks investments (sector-wise).
- Industrial Manufacturing: Kedia invests in companies like Elecon Engineering, focusing on capital goods and infrastructure. He sees long-term potential, driven by India’s industrial growth and increasing capital expenditure.
- Automotive: With holdings in Atul Auto and Precision Camshafts, Kedia targets niche auto component manufacturers expected to benefit from rising mobility demand and domestic automotive market expansion.
- Financial Services: Kedia’s portfolio includes financial firms and NBFCs serving underserved markets. He favours companies with strong fundamentals aligned with India’s growing credit penetration and financial inclusion initiatives.
- Chemicals & Speciality Chemicals: Kedia holds positions in chemical companies that benefit from global outsourcing and growing export demand, viewing the sector as structurally positioned for long-term growth.
- Consumer Durables: Investments like Cera Sanitaryware reflect his belief in India’s rising consumption. He favours brands serving middle-class lifestyles and home improvement trends.
- Hospitality: With a stake in Mahindra Holidays, Kedia sees value in domestic tourism and leisure. He expects continued growth driven by rising disposable income and post-pandemic travel recovery.
Shares Purchased By Vijay Kedia in 2025
The stocks added to Vijay Kedia Share Portfolio in 2025 are as follows:
| Stock Name | Shares Purchased | Equity Percentage |
| Advait Energy Transitions Ltd | 1 lakh | 0.92% |
| Greaves Cotton Ltd | 12 lakh | 0.2% |
| V I P Industries Ltd | 7.25 lakh | 0.51% |
Shares Sold By Vijay Kedia in 2025
Stocks that Vijay Kedia sold in 2025 are as follows:
| Company | Shares Sold (approx.) | Equity Percentage |
| Global Vectra Helicorp Ltd | 289,782 | – 4.86% |
| Precision Camshafts Ltd | 1,044,890 | -1.05% |
Vijay Kedia Portfolio Net Worth Trend
As of June 2025, Vijay Kedia’s net worth is estimated at around ₹1,405.68 cr. Moreover:
- His portfolio consists of 16 stocks across diverse sectors, with Atul Auto being his largest holding at 20.9%.
- Kedia’s wealth has fluctuated but shows strong growth, driven by strategic investments in high-potential companies.
- As of February 2025, his net worth was estimated at ₹1,598 cr, reflecting gains from multibagger stocks like TAC Infosec and Global Vectra.
- His portfolio emphasises long-term investing in fundamentally strong businesses with competent management.
Several factors have contributed to this positive trajectory in Kedia’s net worth, including:
- Vijay Kedia investment strategy is characterised by a track record of identifying undervalued stocks and generating strong returns for his investors.
- His ability to spot stocks trading below their intrinsic value has played a crucial role in his financial success.
Investment Strategy of Vijay Kedia
Vijay Kedia follows a distinctive investment philosophy centred on identifying long-term value in lesser-known opportunities. Here is a breakdown of his portfolio selection strategy.
- Focus on Undervalued Opportunities: Kedia looks beyond popular stocks, preferring companies that are undervalued and under-researched. He focuses on businesses with scalable models that the broader market may not yet recognise.
- Long-Term Holding Philosophy: He prefers to hold his investments for extended periods, allowing compounding to play out. His strategy involves patience and conviction rather than quick exits.
- Contrarian Thinking: Known for his contrarian mindset, Kedia is willing to invest in sectors or stocks that go against prevailing market sentiment—often identifying value where others see risk.
- Emphasis on Risk Management: Diversification and due diligence are central to his approach. Kedia prioritises understanding business risks thoroughly and building a portfolio that balances growth with stability.
- Sector and Business Model Selectivity: He favours niche sectors and companies with differentiated business models, often choosing substance over scale in the early stages of an investment.
Learnings from Vijay Kedia
There are certain practices that are the reason why Vijay Kedia is one of the renowned traders of the Indian Stock Market. These are:
- Starting Early: Kedia started trading in the stock market at the young age of 17. This gave him a head start in the industry and allowed him to learn the ropes from the ground up.
- Taking Risks: Kedia is not afraid to take risks. He is willing to invest in stocks that are out of favour with the market or that are considered to be high-risk. This has allowed him to make significant profits on occasion.
- Being Patient: Kedia is a patient investor. He is willing to wait for the right opportunity to invest in a stock. This has helped him to avoid making rash decisions that could have cost him money.
- Learning from his Mistakes: Kedia is not afraid to learn from his mistakes. He has made his fair share of mistakes over the years, but he has always taken the time to learn from them and improve his trading skills.
Final Thoughts
Vijay Kedia’s portfolio, valued at around ₹1,345 cr as of April 2025, reflects his long-term, fundamentals-driven SMILE strategy. Known for identifying multibagger opportunities, his approach blends value investing, contrarian thinking, and disciplined risk management. With a focus on small– and mid-cap companies backed by strong management, Vijay Kedia investments have consistently drawn attention for their conviction and sectoral depth. His shareholding disclosures, particularly in niche segments, reflect a patient and selective investing style that has shaped a widely followed philosophy in the Indian stock market. Hence, smallcase features over 500 portfolios curated by SEBI-registered experts.
Frequently Asked Questions About Vijay Kedia Portfolio
The SMILE strategy stands for Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. It helps him identify scalable businesses with strong leadership, an approach often discussed in Vijay Kedia portfolio analysis.
Public disclosures suggest he prefers companies with stable fundamentals and experienced promoters. Observers often refer to such characteristics when reviewing Vijay Kedia stock picks across market cycles.
Historical data indicates that many of his holdings remain in his portfolio for 5 to 10 years. This long-term view has shaped the overall Vijay Kedia portfolio returns during different market phases.
As per recent filings, the portfolio typically includes 10–15 listed Vijay Kedia stocks across multiple sectors. Sector allocation and diversification trends are regularly covered in Vijay Kedia portfolio updates.
In past interviews, he has highlighted transparency, execution capability, and long-term focus as attributes he values in leadership, elements that may influence Vijay Kedia portfolio performance.
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