Veteran investor Vijay Kedia continues to back two of his long-term bets despite sharp declines in their share prices. His approach reflects his belief in patience and conviction, which he often describes as the foundation of wealth creation.
Repro India, a microcap book-printing company, has corrected nearly 68% from its peak. The firm reported record profit of ₹129 crore in the June quarter, but this was largely due to land sales rather than its core printing operations. The business still faces challenges such as thin margins, rising debt, and negative cash flows. Despite these hurdles, Kedia holds a 6.3% stake worth around ₹29 crore, showing his confidence in its eventual recovery.
Mahindra Holidays, operator of Club Mahindra resorts, has fallen about 55% from highs. The company posted record revenue of ₹733 crore in June 2026, yet heavy depreciation and interest costs led to a quarterly loss. Its valuation remains steep at nearly 97 times earnings, far above industry averages, and debt levels are significant. Still, Kedia has not sold any of his 1% stake, valued at ₹46 crore. He trusts the upfront cash model of memberships to support expansion and sees strong long-term potential.