Vijay Kedia Adds Stake in This Low PE, High ROCE Multibagger Electrical Equipment Stock; Share Price Jumps 3%
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Vijay Kedia increased his stake in Websol Energy System to 1.10 per cent in the June 2026 quarter from 1.02 per cent in March 2026, while the company trades at a PE of 14.5 with a ROCE of 63.2 per cent
✨ Key Takeaways
On Wednesday, Indian equity benchmarks traded marginally higher, with the benchmark Nifty 50 index rising 0.12 per cent to 24,107.15. Amid the positive market sentiment, Websol Energy System share price jumped over 3 per cent to Rs 101.33.
Vijay Kedia Raises Stake in June Quarter
According to the latest June 2026 shareholding pattern, Ace Investor Vijay Kishanlal Kedia increased his stake in the company to 1.10 per cent from 1.02 per cent in the March 2026 quarter, representing an increase of 0.08 percentage points on a quarter-on-quarter basis.
During the same period, promoter holding remained unchanged at 29.72 per cent. Foreign Institutional Investors (FIIs) reduced their holding to 3.74 per cent from 4.12 per cent, while Domestic Institutional Investors (DIIs) increased their stake marginally to 0.43 per cent from 0.32 per cent. Public shareholding rose to 66.11 per cent from 65.85 per cent.
Stock Performance and Valuation
The stock has delivered mixed returns across different time periods. It declined 4.51 per cent over the past one month but gained 21.63 per cent during the last six months. Over the past one year, the stock is down 26.91 per cent.
The company currently has a market capitalisation of Rs 4,407 crore and trades at a price-to-earnings (P/E) ratio of 14.5. It has reported a Return on Capital Employed (ROCE) of 63.2 per cent, indicating strong capital efficiency.
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About Websol Energy System
Websol Energy System Limited is engaged in the manufacturing of Solar photovoltaic (PV) cells and modules. The company caters to the renewable energy sector and focuses on expanding its presence in India's growing solar manufacturing industry through advanced production capabilities and clean energy solutions.
The company operates manufacturing facilities in West Bengal and supplies solar PV products for both domestic and international markets. Its product portfolio includes high-efficiency solar cells and modules used in utility-scale, commercial and residential solar power projects.
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Disclaimer: The article is for informational purposes only and not investment advice.