According to reports from The Financial Express, Vijay Kedia maintained his positions in both Siyaram Silk Mills and Precision Camshafts despite significant market declines. The two stocks hit all-time highs in December 2024, with Siyaram Silk Mills reaching ₹1,175 and Precision Camshafts touching ₹383 on December 11-17, 2024. However, by July 2026, Precision Camshafts had fallen 64% to ₹139, while Siyaram Silk Mills declined 48% to ₹617. Despite these substantial losses, Kedia's name remains on both shareholder lists as per June 2026 filings, indicating he has held through the entire market slide. The latest data shows Kedia Securities Private Limited holds 1.05% worth ₹14 crore in Siyaram Silk Mills, while his name remains on the Precision Camshafts register with a 1% stake worth ₹28 crore.
As reported by The Financial Express, Siyaram Silk Mills delivered exceptional financial performance despite the stock's decline. The company achieved ₹2,572 crore in sales for FY26, the highest in its history, with net profit reaching ₹231 crore, also a record. The March 2026 quarter alone generated ₹853 crore in sales and ₹98 crore in net profit, marking the strongest quarter in at least three years. Vijay Kedia holds a 1% stake worth ₹28 crore in the company, maintaining his position since September 2023 when he held 1.08%. The stock now trades at a PE of 14x compared to the industry median of 24x, while the company maintains strong fundamentals with ROCE of 19% and ROE of 15%. However, the business faces challenges with borrowings climbing from ₹163 crore in FY23 to ₹352 crore in FY26 as retail expansion eats capital, and debtor days stretching to 92.
According to The Financial Express, Precision Camshafts faces a fundamental challenge despite maintaining market dominance. The company holds a 70% share of the domestic passenger vehicle camshaft market and supplies over 150 varieties for various vehicle types. However, the business has declined for three consecutive years, with sales falling from ₹1,080 crore in FY23 to ₹773 crore in FY26, representing a 28% decline. The stock trades at a PE of 54x compared to the industry median of 31x, while the company maintains a strong balance sheet with borrowings of ₹54 crore and investments of ₹357 crore. The core challenge lies in electric vehicles not requiring camshafts, threatening the company's flagship product line. Management's stated push into electric mobility and new components remains a promise, not a profit line, with the market charging a growth-stock price for this technological transition.
As reported by The Financial Express, Kedia's continued holding in both companies reflects different investment approaches. Siyaram Silk Mills represents a de-rating story where record sales and profits have failed to attract market respect, while Precision Camshafts presents a valuation puzzle with a cash-rich balance sheet facing technological disruption. The analysis suggests these stocks warrant careful monitoring rather than immediate investment, with the June 2026 filings showing Kedia's continued presence despite significant market corrections. The underlying businesses behind these charts have not experienced the same decline as their stock prices, creating potential opportunities for investors willing to conduct thorough fundamental analysis. The June 2026 quarter shows Siyaram Silk Mills shareholder count has fallen from 51,449 to 46,029, indicating retail investors have been selling during the decline, while Precision Camshafts maintains its market position despite the technological headwinds.
