Vijay Kedia is an Investor trader also known by the alias of the ‘Master market’. Although Vijay was born into a family of stockbrokers his journey has been rather interesting and inspiring.
Vijay Kedia has a very interesting investing strategy he calls ‘SMILE’, which is an abbreviation for Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential.
As per the latest shareholdings pattern, Vijay Kedia publicly holds over 15 stocks with a net worth of over Rs. 1,604.1 crores.
An order book is a critical tool for businesses that rely on sales and revenue generation. It provides a snapshot of future sales commitments and plays a pivotal role in shaping a company’s financial health.
Furthermore, a company’s order book can provide insights into its operational performance, goodwill, prospects, and many more that can help it gain a competitive advantage over its competitors and grow further thereby building a name for itself.
Listed below are the stocks held by Vijay Kedia with a robust order book during the recent quarter:
Elecon Engineering Company Ltd
With a market capitalization of Rs. 13,338 crores, the shares of the power transmission manufacturing company started Wednesday’s trading session on a higher note at Rs. 601.45 compared to its previous close of Rs. 598.15. During the trading session, the shares hit a low of Rs. 583, losing around 2 percent and closed the day at Rs. 596 apiece.
Looking at the company’s financial performance, the revenue decreased by 31 percent from Rs. 565 crores during the March quarter to Rs. 392 crores in the June quarter. On the other hand, the net profits declined by around 30 percent from Rs. 104 crores to Rs. 73 crores during the same period.
As of June 30, 2024, the Gear Division had an order backlog of Rs. 598 crores, with Q1 FY25 order intake totalling Rs. 396 crores, down from Rs. 446 crores.
In contrast, the MHE Division saw a Q1 FY25 order intake of Rs. 149 crores, a 192 percent increase from Rs. 51 crores in Q1 FY24. The MHE Division’s order backlog was Rs. 349 crores as of June 30, 2024.
According to the BSE data, Ace Investor Mr Vijay Kedia entered the stock in June 2021 and currently holds 14.99 lakh equity shares equivalent to a 1.47 percent stake in this company. The current holding value of his investment amounts to Rs. 88.8 crores.
Om Infra Ltd
With a market capitalization of Rs. 1,796 crores, the shares of the infrastructure company started Wednesday’s trading session on a flatter note at Rs. 183.50 compared to its previous close of Rs. 184.55. During the trading session, the shares hit a low of Rs. 177.35, losing around 2 percent and closed the day at Rs. 185 apiece.
Coming onto the company’s financial statements, the revenue decreased by around 43 percent from Rs. 296 crores during Q4FY24 to Rs. 169 crores in Q1FY25. Contrastingly, the net profits magnified by 333 percent from Rs. 3 crores to Rs. 13 crores during the same timeframe.
According to the latest data, the company has an outstanding order book of Rs. 2,048 crores, equivalent to multiple times the FY24 turnover, ensuring medium-term revenue visibility. Of this total, 62 percent of the orders are for Jal Jeevan projects, while 38 percent are for Hydro and Water Projects.
According to the BSE data, Ace Investor Mr Vijay Kedia entered the stock in September 2023 and currently holds 24 lakh equity shares equivalent to a 2.49 percent stake in this company. The current holding value of his investment amounts to Rs. 45.3 crores.
Patel Engineering Ltd
With a market capitalization of Rs. 4,312 crores, the shares of the infrastructure company started Wednesday’s trading session on a higher note at Rs. 53.50 compared to its previous close of Rs. 52.95. During the trading session, the shares hit a low of Rs. 50.96, losing around 4 percent and closed the day at Rs.51.13 apiece.
Looking at the company’s financial performance, the revenue decreased by around 18 percent from Rs. 1,343 crores during the March quarter to Rs. 1,102 crores in the June quarter. On the other hand, the net profits declined by 61 percent from Rs. 140 crores to Rs. 55 crores during the same timeframe.
As per the latest data, the company had an order book amounting to Rs. 17,901 crores, equivalent to 4.15 times its market capitalization.
Around 62 percent of these orders were from Central Government or PSU entities, with 35 percent sourced from State Government Departments. The remaining 3 percent came from international markets.
According to the BSE data, Ace Investor Mr Vijay Kedia entered the stock in December 2022 via Kedia Securities Private Limited and currently holds 1.2 crore equity shares equivalent to a 1.42 percent stake in this company. The current holding value of his investment amounts to Rs. 61.4 crores.
Written By Vaibhav Patil
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