Vijay Kedia Portfolio 2026: Check Out His Latest Holdings

Vijay Kedia is one of India’s most influential & smart investors, popularly known in Dalal Street as the ‘Market Master’ for his expertise in spotting future multibaggers early, especially in ‘unknown’ small & mid-caps. Kedia, now around 64-years of age, is a veteran in the Indian stock market ecosystem, hailed originally from a Marwari stock broking family. He started his trading journey in ‘India’s Wall Street’ at an early age of 19 with a modest capital, almost bankrupt, but eventually recovered after gaining experience.

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The ever ‘smiling boy’-Kedia founded his investment firm Kedia Securities (P) Ltd at the age of 33 with a ‘SMILE’ philosophy- Small in size (market caps), Medium in experience (proven but not overly mature businesses), management Integrity Large in aspiration (ambitious management teams), and Extra-large in market potential (scalable opportunities in growing sectors). From traders to legendary investors, Kedia focuses on a ‘buy right & sit tight’ policy-emphasises on long-term holding/compounding, high conviction in fundamentals and patience during various market cycles. Kedia’s age-old investing strategy often resembles Warren Buffett, customised to India’s vibrant economy & stock market.

As per the latest Dec’25 regulatory disclosure, Kedia’s public portfolio comprises a total of 21 stocks, valued around ₹1,000-1,100 crore at prevailing market rates. His holdings are concentrated in high-growth small- and mid-caps across various sectors-automobiles, engineering, infrastructure, industrials, capital goods, infra, REs, cybersecurity, speciality chemicals, travel & tourism/hospitality and textiles. Overall, Kedia is now focusing on India’s infrastructure and green energy transition theme as we enter 2026 with an optimistic tone.

Over the last ten years, Kedia’s portfolio has delivered an impressive long-term CAGR, led by various ‘Multibeggers’ to ‘Multibaggers’ cases. In 2026, the fine print of Kedia’s portfolio shows an alignment of India’s robust domestic consumption, digital India & ‘Make in India’, infra and green energy narratives.

Overview of Portfolio Stocks of Vijay Kedia

Atul Auto Ltd: Largest holding (~20.91% stake, valued at ~₹231 Cr).

Incorporated in 1986, Atul Auto is a Gujarat-based manufacturer of three-wheelers, specialising in passenger and cargo carriers for last-mile connectivity. The Company is also a major exporter of Auto Rickshaws (3Ws) into selected developing countries. Atul Auto’s business model focuses on affordable, fuel-efficient vehicles in the semi-urban, urban and rural markets. It has a robust dealer network. Moving into 2026, Atul Auto is also transforming itself into CNG and EV vehicles, aligning with the government policy of gradual green energy transition. The Company is a major beneficiary of surging demand for last-mile connectivity (say from Metro station to home areas) and targeted stimulus by the government (like PLI, EV subsidies, etc.). Also, rural demand recovery may help the company in the 3W delivery vehicles segment going forward in 2026.

Neuland Laboratories Ltd: 1% stake; market value: ~₹176 Cr

Neuland is a Hyderabad-based leading CDMO (Contract Development & Manufacturing Organisation) specialising in complex APIs, peptides and bulk drugs for global & local pharma majors. It ensures custom synthesis and strong R&D led product pipelines, involving specialised/premium segments. It’s a major beneficiary of backward integrations and global/local supply chain diversifications under the ‘China+1’ strategy. Its model involves complex generics, peptides, and contract manufacturing with USFDA-approved facilities. Strong R&D and client relationships support export-led growth. Pharma sector tailwinds (supply chain diversification) bode well for 2026.

Elecon Engineering Company Ltd: ~1% stake (valued at ~₹85 Cr)

Incorporated in 1960, Elecon manufactures & sells power transmission equipment, industrial gearboxes, and material equipment for cement, steel, mining, and ports. Its business model leverages engineering expertise and after-sales services. Additionally, it is involved in steel and non-ferrous foundry business and is also active on the export front. India’s infra boom may help the company go forward in 2026.

Vaibhav Global Ltd (VGL): ~2% stake; market value ~₹72 Cr

VGL, founded in 1989 and headquartered in Jaipur, India, is a vertically integrated omnichannel retailer specialising in fashion jewellery, accessories, and premium lifestyle products. The company has evolved from a gemstone trading outfit into a global e-tailer targeting developed markets, primarily the US and UK, with recent expansion into Germany. Its core business model revolves around a distinctive home shopping + digital approach through proprietary 24/7 TV channels. This ensures reaching over 130 million households directly, complemented by a digital marketing ecosystem.

Sudarshan Chemical Industries Ltd: ~1.27% stake; market value ~₹90 Cr

Founded in 1951- headquartered in Pune, Maharashtra, Sudarshan is a leading global manufacturer of organic, inorganic, effect pigments, and dispersions. It has evolved into the third-largest pigment player worldwide (post-Heubach acquisition in 2025), with operations across 19 manufacturing sites in 11 countries, serving over 120 countries. The company focuses purely on pigments after strategic divestments, emphasising innovation, sustainability (70%+ green energy usage), and high-value products.

Conclusion

Vijay Kedia's portfolio for 2026 embodies his SMILE philosophy—backing under-the-radar companies with outsized potential in India's growth story.