Vijay Kedia Bets on Two Small-Cap Stocks, Invests ₹49 Crore in One and ₹17 Crore in the Other
Prominent investor Vijay Kedia has added two new small-cap companies to his portfolio in the March 2026 quarter, drawing fresh attention from market participants. Known for his long-term investing style and ability to identify emerging businesses early, Kedia has taken stakes in companies operating in two different sectors: solar energy and agricultural crop protection.
His first investment is in Websol Energy, a West Bengal-based manufacturer of solar equipment. Founded in 1990, the company produces photovoltaic cells and modules for the renewable energy sector. In recent years, Websol Energy has shown operational improvement and has benefited from rising demand in the solar industry. According to the shareholding data for the March 2026 quarter, Vijay Kedia acquired about a 1 percent stake in the company, equivalent to roughly 44 lakh shares. Based on current market value, this holding is estimated to be worth around Rs 49 crore.
Websol Energy has a market capitalisation of more than Rs 4,700 crore, and investor interest in the stock has been increasing as India continues to expand its renewable energy push. The company’s stock has delivered a return of 25.52 percent so far this year. On Friday, the share price closed at Rs 111 after falling 1.67 percent.
Kedia’s second investment is in Mahamaya Lifesciences, a company engaged in manufacturing and exporting products related to crop protection and soil health. Established in 2002, Mahamaya Lifesciences makes pesticide formulations and supplies products to Indian as well as global agrochemical companies. During the March 2026 quarter, Vijay Kedia, through Kedia Securities Private Limited, bought a 4.5 percent stake in the company. At current valuations, the investment is worth more than Rs 17 crore.
Mahamaya Lifesciences has a market capitalisation of around Rs 381 crore, placing it in the small-cap category. The company is seen as having strong growth potential due to rising demand for modern agricultural technologies and advanced crop protection products. Its business model, which serves both domestic and international markets, has also added to investor interest.
Kedia’s latest small-cap bets highlight his continued focus on businesses that may not yet be widely discussed but operate in sectors with long-term growth opportunities. Both companies are linked to industries that are benefiting from broader structural trends in India — clean energy expansion in one case and agricultural productivity improvement in the other. For market watchers, these disclosures often serve as a signal to track such stocks more closely, as Kedia’s investment moves are frequently seen as indicators of confidence in a company’s future prospects.
