Latest news with #VijayKedia
&w=3840&q=100)
Business Standard
20 hours ago
- Business
- Business Standard
Vijay Kedia portfolio stock soars 11%, hits new high; up 63% from March low
Share price of Sudarshan Chemical Industries today Shares of Sudarshan Chemical Industries hit a record high of ₹1,297.40, as they rallied 11 per cent on the BSE in Monday's intra-day trade amid heavy volumes. The stock price of this smallcap dyes and pigments company surpassed its previous high of ₹1,235 touched on October 14, 2024. It has bounced back 63 per cent from its March 2025 low price of ₹795.75 on the BSE. At 02:06 PM; Sudarshan Chemical Industries was quoting 8 per cent higher at ₹1,267.55, as compared to 0.32 per cent rise in the BSE Sensex. A combined 830,000 equity shares changed hands on the NSE and BSE. Vijay Kishanlal Kedia held over 1% stake in Sudarshan Chemical Industries Ace investor Vijay Kishanlal Kedia held 1 million equity shares or 1.27 per cent stake in Sudarshan Chemical Industries at the end of March 31, 2025 quarter, the shareholding pattern data shows. Besides Vijay Kedia, Akash Bhanshali (7.13 per cent), Vijaykumar Ramchandra Rathi (2.66 per cent stake), Rohit Kishor Rathi (2.62 per cent) and Lata Bhanshali (1.46 per cent) held more than 1 per cent stake in Sudarshan Chemical Industries, data shows. Check Ganga Bath Fittings IPO allotment status Reasons for delay in Sudarshan Chemical's Q4 results Sudarshan Chemical Industries entered into a definitive agreement on October 11, 2024, through its wholly-owned subsidiary Sudarshan Europe B.V., the Netherlands (SEBV), to acquire the Global Pigment Business Operations of the Heubach Group of Germany (Heubach Group) on a debt-free basis for a total consideration of EURO 127.5 million (approximately ₹1,180 crore). Pursuant to the acquisition, the company acquired and took control of 50 direct and step–down subsidiaries and 17 manufacturing sites from Heubach Group across various geographies across the globe. Prior to acquisition by the company, in April 2024, the German entities of the Heubach Group viz. a) Heubach Colorants Germany GmbH, (b) Heubach GmbH (c) Dr. Hans Heubach GmbH, and (iv) Heubach Group GmbH were declared insolvent and the Insolvency Administrator administered the process of sale of assets and business operations of German Entities in terms of provisions of the German Insolvency Law. The acquisition was funded through a mix of equity and debt. Accordingly, Sudharshan's Board of Directors approved a proposal for raising funds of ₹1,000 crore plus green shoe option up to 25 per cent by way of issuance of equity shares or any other eligible securities through permissible modes. On March 03, 2025, the company announced the completion of the acquisition of Global Pigment Business Operations of Heubach Group of Germany. Prior to this acquisition, the company had 8 direct and step-down subsidiaries. The company is required to submit audited financial results for FY 2024-25, including the newly acquired subsidiaries, by May 30, 2025. However, because of the insolvency impact, extensive financial reporting integration, complexities involved in business combination accounting, the company said it would not be able to meet the deadline. The company further said it shall declare its financial results for financial year ended March 31, 2025 post completion of the above-mentioned activities and the intimation about the same shall be provided to the Stock Exchanges in due course. CRISIL Ratings Rationale The acquisition will help Sudharshan emerge as a leading global pigment company with a presence across 19 countries, as well as 17 manufacturing facilities in 11 countries. The Heubach group is the second largest player in the global pigment sector and is estimated to have reported revenues of close to around EURO 800 million. However, the Heubach group faced financial challenges recently, due to headwinds from the Ukraine-Russia conflict leading to high energy prices, which was followed by weak demand scenario in key European markets. This impacted profitability and along with high debt levels led to the group filing for bankruptcy. Post-acquisition, Sudharshan's group revenues will witness a material increase with inclusion of Heubach group turnover and its market position in the pigments business will solidify. Revenue growth of the company's existing business is expected to continue however, it may moderate owing to looming geo-political headwinds. While the operating margin of existing business will sustain at current level of around 13 per cent, the consolidated operating margin is expected to reduce due to initial lower operating profitability of the Heubach Group, as well as post-acquisition spend on turnaround and re-optimsation of manufacturing operations. As a result, during initial period, the financial risk profile is expected to moderate to average levels, from earlier comfortable levels, CRSIL Ratings said in report dated April 19, 2025. During the nine months ended December 31, 2024, Sudharshan registered a profit after tax of ₹102 crore (₹54 crore in corresponding period of fiscal 2024) on net sales of ₹1,996 crore (₹1,775 crore). About Sudarshan Chemical Industries Sudarshan Chemical Industries is a globally renowned pigment player and the largest in India, manufacturing a wide range of organic and inorganic pigments and mica-based effect pigments. The company, which was established in 1951, remained focused on the domestic market till 2006. The joint venture with Dainippon Ink Corporation (DIC) was operational between 1990 and 2006; post which SCIL went global, establishing its footprint in North America Europe and other geographies. The company has two manufacturing facilities in Roha and Mahad (both in Maharashtra).
Mint
a day ago
- Business
- Mint
Vijay Kedia portfolio stock Sudarshan Chemicals jumps 11% to hit record high; up 66% from 52-week low
Shares of Sudarshan Chemical Industries surged nearly 11 percent on June 9 to hit a fresh 52-week high of ₹ 1,298 amid robust trading volumes. The sharp rally came despite a recent delay in the company's audited financial results, highlighting strong investor confidence, partly driven by the stock's connection to ace investor Vijay Kedia. Sudarshan Chemicals has seen a remarkable uptrend in recent months. From its 52-week low of ₹ 779.95 touched in June 2024, the stock has now gained over 66 percent. In just the first week of June 2025 alone, it has advanced 9.4 percent, continuing a four-month winning streak. In May, the stock had jumped more than 15 percent, following gains of 3.5 percent in April and 14.5 percent in March. Prior to this rally, it had witnessed a brief correction, falling 13.4 percent in February and 12.6 percent in January. Over the past year, the chemical stock has delivered a return of 48 percent, far outperforming broader market indices. As per the March 2025 quarter shareholding data, Vijay Kedia held a 1.27 percent stake in Sudarshan Chemical Industries. Though slightly down from 1.44 percent in the December 2024 quarter, his continued presence in the stock reinforces investor confidence. Kedia, known for his high-conviction bets in small and midcap companies, has been associated with Sudarshan Chemicals for several quarters. Late last month, Sudarshan Chemicals announced a delay in submitting its audited financial results for FY25. The delay is linked to the complexities following its acquisition of the global pigment business of Germany's Heubach Group. The deal, finalized in March 2025, added around 60 subsidiaries and 17 manufacturing sites to Sudarshan's global footprint. According to the company, several factors contributed to the delay. Firstly, some German entities involved in the deal were under insolvency proceedings, which made it difficult to obtain financial and regulatory records on time. Secondly, the post-acquisition integration process was extensive, involving aligning financial systems, accounting standards, and audit processes across multiple geographies. Lastly, the business combination accounting itself proved complex, as the acquisition included both asset and share purchases across multiple legal structures. Sudarshan Chemicals has formally requested an extension from stock exchanges to submit its results, which are now expected after completion of these consolidation activities. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
6 days ago
- Business
- Time of India
This SME multibagger backed by Vijay Kedia's double-digit stake has soared 195% in just one year
Veteran investor Vijay Kedia 's portfolio stock, Tac Infosec , has delivered multibagger returns of 195% over the past year. However, the SME cybersecurity firm's stock has slipped nearly 9% year-to-date. Kedia holds a significant 14.6% stake in the company, one of only three stocks in his portfolio with a double-digit holding. The other two counters are Atul Auto and Innovators Facade Systems , in which the ace investor has 20.9% and 10.7% holdings. The recent correction in this counter has brought Tac Infosec below its 50-day simple moving average (SMA) of Rs 1,220, though it is still trading above its 200-day SMA of Rs 1,052, according to Trendlyne data. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The stock has traded with relative stability for the past year, with a 1-year beta of 0.8. The stock was listed on the NSE on April 5, 2024. Tac Infosec stock closed at ₹1,200 on the NSE on Tuesday, down Rs 22.50 or 1.84% from its previous day's close. Kedia's portfolio is among the most followed among ace investors on the D-Street. He began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33. As per the latest corporate shareholdings data compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,438.4 crore. Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Among other stocks in his portfolio are Sudarshan Chemical , Global Vectra , Tejas Networks , Precision Camshafts , Elecon Engineering , Mahindra Resorts, Neuland Laboratories , Siyaram Silk Mills and Affordable Robotic . Vijay Kedia follows an investment philosophy focused on identifying companies with strong management and holding them for 10–15 years. He adopts the SMILE approach—investing in businesses that are Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
This SME multibagger backed by Vijay Kedia's double-digit stake has soared 195% in just one year
Veteran investor Vijay Kedia's portfolio stock, Tac Infosec, has delivered multibagger returns of 195% over the past year. However, the SME cybersecurity firm's stock has slipped nearly 9% year-to-date. Kedia holds a significant 14.6% stake in the company, one of only three stocks in his portfolio with a double-digit holding. ADVERTISEMENT The other two counters are Atul Auto and Innovators Facade Systems, in which the ace investor has 20.9% and 10.7% holdings. The recent correction in this counter has brought Tac Infosec below its 50-day simple moving average (SMA) of Rs 1,220, though it is still trading above its 200-day SMA of Rs 1,052, according to Trendlyne data. The stock has traded with relative stability for the past year, with a 1-year beta of stock was listed on the NSE on April 5, Infosec stock closed at ₹1,200 on the NSE on Tuesday, down Rs 22.50 or 1.84% from its previous day's close. ADVERTISEMENT Kedia's portfolio is among the most followed among ace investors on the D-Street. He began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33. As per the latest corporate shareholdings data compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,438.4 crore. ADVERTISEMENT Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Among other stocks in his portfolio are Sudarshan Chemical, Global Vectra, Tejas Networks, Precision Camshafts, Elecon Engineering, Mahindra Resorts, Neuland Laboratories, Siyaram Silk Mills and Affordable Robotic. ADVERTISEMENT Vijay Kedia follows an investment philosophy focused on identifying companies with strong management and holding them for 10–15 years. He adopts the SMILE approach—investing in businesses that are Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 days ago
- Business
- Time of India
Emkay Investment Managers launches SMID Cap Growth Engine Fund
Emkay Investment Managers Limited (EIML) has announced the launch of the Emkay SMID Cap Growth Engine Fund . EIML aims to raise Rs 500 crore to Rs 1,000 crore from this latest fund during FY26. The product seeks to achieve long-term capital appreciation by investing primarily in small-cap and mid-cap securities. Under this PMS and AIF offering, investments are made in equities and equity-related instruments , with a balanced and well-diversified portfolio constructed based on fundamental research. Also Read | How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Neuvěřitelné: Kalkulačka okamžitě ukáže hodnotu vašeho domu [podívejte se na to]! tržní hodnota mého domu Kliknout zde Undo The strategy follows a bottom-up stock-picking approach, supported by extensive fundamental analysis, including an in-depth study of the business, management, and valuation. The fund will be benchmarked against the S&P BSE 500 TRI, and investors are advised to have an investment horizon of two to three years. It will be managed by Manish Sonthalia and Kashyap Javeri. Live Events Small & Mid Cap (SMID) investing offers broader exposure to India's growth story through innovation, digitalisation, capex, and consumption, providing more opportunities for alpha generation compared to large caps. These sectors are expected to benefit from macro tailwinds such as easing inflation, declining interest rates, rising household income, and liquidity measures, all of which support market revival and higher growth. Given that SMID companies often rely more on borrowings for operations and expansion, they are typically more sensitive to interest rate cycles, positioning them to recover faster and potentially outperform in an environment of moderating inflation and falling rates. According to EIML, mid- and small-cap companies are poised for positive growth over the next 3–5 years, making them a compelling investment opportunity. The firm also highlights that mid- and small-cap stocks have delivered robust returns over the past five years. Furthermore, EIML notes that the current macroeconomic environment and supportive valuations offer an attractive entry point for SMID investments—especially after the recent market correction. Also Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund As of March 2025, small-cap and mid-cap mutual funds (MFs) together account for over 30% of total equity flows, a sharp increase from just 5% a year ago. The dual support from foreign institutional investors (FIIs) and mutual funds makes this rally far more sustainable. Strengthening flows into SMID segments indicate that select opportunities in small- and mid-cap stocks could outperform over the medium term. 'SMID offers a compelling mix of growth potential, valuation comfort, and supportive macro trends, making it a strong candidate for investment. The fund follows a focused bottom-up stock-picking approach, backed by in-depth fundamental research and our proprietary E-Qual Framework—arguably the only framework of its kind in India—to objectively score management quality,' said Manish Sonthalia, Director & Chief Investment Officer, Emkay Investment Managers.
