Vijay Kedia Stock Jumps 10% After Announcing Strong January Business Update

Synopsis: With a market cap of about Rs 1200 Cr, an auto stock witnessed a significant surge after the company gave out its January business update. Ace investor Vijey Kedia holds more than 18 percent stake in the company.

A small-cap company engaged in the manufacturing and export of auto-rickshaws came into the spotlight after the company gave out its robust January sales update to the exchanges . This comes at a time when electric three-wheelers are expected to achieve nearly 50 percent market penetration by FY28, with the India electric three-wheeler market projected to grow significantly and reach $4.08 billion by 2034.

With a market cap of Rs 1,192Cr, Atul Auto Ltd saw its stock hit an intraday high of Rs 435 which is 10 percent higher than the previous close of Rs 394. The company stock has given a compounded return of 16 percent in the last five years.

News

On Monday, Atul Auto Ltd announced the company’s monthly sales update. This was a healthy business update for the company’s January 2026, which stated that the total three-wheeler sales rose by 23.7 percent YoY to 2,942 units, compared with 2,378 units in January 2025. 

Domestic sales stood at 2,942 units, led by strong growth in IC engine three-wheelers, which surged 40.8 percent YoY to 2,301 units. EV L3 sales grew marginally by 3.5 percent to 537 units, while EV L5 sales declined to 104 units. On a YTD basis, total sales increased 6.2 percent to 26,579 units.

Talking about the total domestic and export units sales, this reached 3,606, up 30 percent from 2,772 units in January 2025. The company witnessed the most growth in its 3W – IC Engine going from 2,028 units to 2,965 units, a growth of 46.2 percent.

Ace Investor Holdings

As of Q3FY26 Vijay Kedia has been holding 18.2 percent of stake in Atul Auto Ltd. Additionally, according to the known and available data the ace investor has been holding the stock since 2015.

Financials

Atul Auto Ltd, incorporated in 1986, is an Indian three-wheeler manufacturer headquartered in Rajkot, Gujarat. The company designs and manufactures passenger and cargo 3-wheelers across multiple fuel options, including electric vehicles, catering to urban and rural mobility needs in India and export markets.

In the latest quarter the company saw a YoY revenue growth of 10percent, going from Rs 181 Cr in Q2FY25 to Rs 200 Cr in Q2FY26, while the QoQ went up by 31 percent from Rs 152 Cr in Q1FY26.

The YoY Net Profits growth is at 100 percent, going from Rs 4 Cr in Q2FY25 to Rs 8 Cr in Q2FY26, while the QoQ growth stood at 300 percent from Rs 2 Cr in Q1FY26. The company has a 3 year sales CAR of 32 percent, while the TTM is at 20 percent. The profit 3 year CAGR is at 42 percent, while the TTM is at 58 percent.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Vijay Kedia Stock Jumps 10% After Announcing Strong January Business Update appeared first on Trade Brains.