Vijay Kedia is a well-known Indian investor with over three decades of expertise in the business. His major stock-picking approach is based on the term SMILE. This abbreviation stands for small in size, medium in experience, large in ambition, and extra-large in market potential. Vijay Kedia had 13 stocks in his personal portfolio as of March 2023.
The following are three multi-bagger stocks that Vijay Kedia holds.
Elecon Engineering Company Ltd:
Elecon Engineering Company Ltd was incorporated in 1960, and is engaged in the design and manufacturing of Material Handling Equipment and Incraft carriers, it is a small-cap company with a market capitalization of Rs 6,601 crore.
Vijay Kedia holds 21,75,000 shares in the firm as of the March 2023 quarter, equivalent to 1.94 percent. On Monday, the company’s shares closed at Rs 588.40 a share, up 1.19 percent from the previous close price.
In the previous year, the company’s share price increased from Rs 245.15 to current levels, giving multibagger returns of 139.24 percent. Therefore, if an investor purchased 1 lakh shares of the company in the last year, their holdings would now be worth 2.39 lakhs!
According to the company’s financials, operational sales significantly grew from Rs 1,203 crores in FY 21–22 to Rs 1,529 crores in FY 22–23, a 27 percent rise. Additionally, net profit increased by 68 percent, from 139 to 234 crores.
Affordable Robotic & Automation Ltd:
Affordable Robotic and Automation Limited is engaged in industrial Automation, Company caters to the private and Government sectors. It belongs to the Micro-cap category with a market capitalization of Rs 424 crore.
Vijay Kedia holds 1,32,000 shares in the firm as of the March 2023 quarter, equivalent to 1.30 percent. On Monday, the company’s shares closed at Rs 417.35 a share, up 4.99 percent from the previous close price.
In the previous year, the company’s share price increased from Rs 108.60 to current levels, giving multibagger returns of 284.30 percent. Therefore, if an investor purchased 1 lakh shares of the company in the last year, their holdings would now be worth 3.84 lakhs!
Based on company financials, operating revenues drastically increased by 40 percent from Rs 81 crores during FY 21-22 to Rs 113 crores in FY 22-23. And Net profit has jumped by 100 percent, from Rs 2 crores to Rs 4 crores.
Innovators Facade Systems Ltd:
Innovators Facade Systems Ltd is engaged in the business of design, engineering, fabrication, supply, and installation of facade systems. It belongs to the Micro-cap category with a market capitalization of Rs 249 crore.
As of the March 2023 quarter, Vijay Kedia owned 20,10,632 shares in the company, or 10.66 percent. On Monday, the company’s shares closed at Rs 132 a share, down 1.88 percent from the previous close price.
In the previous year, the company’s share price increased from Rs 56 to current levels, giving multibagger returns of 135.71 percent. This means that if a shareholder bought 1 lakh shares of the company in the previous year, their holdings are now worth 2.35 lakhs!
Based on company financials, operating revenues drastically increased by 103 percent from Rs 89 crores during FY 21-22 to Rs 181 crores in FY 22-23. And Net profit has jumped by 700 percent, from Rs 1 crore to Rs 8 crore.
Written by Omkar C
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