Kedia lifts Websol Energy stake as solar earnings surge
Veteran investor Vijay Kedia has increased his stake in Websol Energy to 1.1%, signalling sustained confidence in the Indian solar manufacturer amid explosive earnings growth and a recent short-term share price pullback.
Vijay Kedia acquired over 340,000 shares in Websol Energy during the April-to-June quarter, increasing his total holding to more than 4.785 million shares. The stake represents 1.1% of the solar manufacturer and is valued at nearly Rs 47 crore based on a recent closing price of Rs 98.22 per share. Kedia now ranks as one of the company's largest public individual shareholders, trailing only Amit Mishra.
The precise pricing and exact timing of Kedia's initial entry remain unclear due to regulatory disclosure thresholds. His name was absent from a March 13 shareholding update issued immediately after a preferential warrant allotment and stock split. This indicates he either initiated his position after mid-March or increased an existing holding past the 1% reporting threshold later in the quarter. At the end of March, his documented holding stood at 4.44 million shares.
The accumulation follows a quarter of exceptional financial growth for Websol Energy. In the fourth quarter of fiscal year 2026, net profit surged 158% year-on-year to Rs 125 crore, up from Rs 48 crore, while revenue climbed 132% to Rs 401 crore from Rs 173 crore. The company credited the results to a strengthened manufacturing base and improving capacity utilisation, driven by federal policies like the Production-Linked Incentive scheme and the Approved List of Models and Manufacturers mandates.
Websol Energy's shares have been a top market performer, gaining 1,079% over three years and 1,317% over five years. The stock initially grabbed headlines earlier in 2026 when Kedia's involvement first became public, triggering a sharp rally. Although the shares have pulled back 6% over the past month, they gained 2% on Thursday to trade at Rs 99.95, leaving the stock up 13% for the year with a market capitalisation exceeding Rs 4,344 crore.
For institutional and retail investors, Kedia's decision to build his stake during a short-term dip signals continued confidence in India's domestic solar supply chain. As the country chases ambitious renewable energy targets, the market is focused on whether manufacturers can sustain this operational momentum and translate government-backed structural tailwinds into long-term earnings stability.
