Vijay Kedia buys over 3 lakh shares of Websol Energy; solar stock zooms 1,080% in 3 years

Veteran investor Vijay Kedia bought more shares of solar cell manufacturer Websol Energy System in Q1FY27, increasing his stake in the company. The stock has delivered a 1,080% return over three years, though it has declined 28% in the past year.

Kedia acquired over 3.4 lakh shares during the quarter, taking his total holding to more than 47.85 lakh shares, or a 1.1% stake, according to the company’s shareholding pattern as of June 30, 2026.

The price at which Kedia purchased the shares and the exact transaction dates could not be ascertained. Based on the stock’s previous closing price of Rs 98.22 per share, his total holding in Websol Energy is valued at nearly Rs 47 crore.


Kedia was among the largest public individual shareholders in the company, after Amit Mishra. Websol Energy System had grabbed headlines earlier this year after the veteran investor added the stock to his portfolio, triggering a sharp rally in the share price. At the end of the March quarter, Kedia held 44.44 lakh shares in the company.

Kedia’s name did not appear in the company’s March 13 shareholding data released after the preferential allotment of warrants following a stock split. Since companies disclose shareholder names only when holdings exceed 1%, it cannot be determined whether Kedia entered the stock in March or increased his existing stake beyond the disclosure threshold.

Websol Energy earnings snapshot

Websol Energy’s net profit surged 158% year-on-year (YoY) to Rs 125 crore in Q4FY26, compared with Rs 48 crore in the same quarter last year. Revenue from operations also jumped 132% YoY to Rs 401 crore from Rs 173 crore in Q4FY25.

On a sequential basis, the solar module maker’s profit increased 92% from Rs 65 crore reported in the October-December quarter, while revenue grew 54% quarter-on-quarter (QoQ).

Websol said India’s solar manufacturing sector continues to benefit from strong structural tailwinds, including renewable energy targets, government initiatives such as PLI and ALMM, and rising domestic demand for high-efficiency solar products. The company added that a strengthened manufacturing base, improving capacity utilisation and expansion plans position it well to capitalise on these opportunities.

Websol Energy share price

Websol Energy gained around 2% on Thursday to trade at Rs 99.95 apiece on the NSE. The stock has declined around 6% in one month but has gained 13% so far in 2026. Over the longer term, it has delivered stellar returns of 1,079% in three years and 1,317% in five years.

The company currently has a market capitalisation of over Rs 4,344 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)