Madhusudan Kela has added three new small-cap stocks in his portfolio in the quarter ended March 31, 2025. These are Windsor Machines, SG Finserve and Prataap Snacks. He has also increased stakes in Kopran.
Kela has a portfolio worth over Rs 3,500 crore. There are 17 stocks in the portfolio.
The salient features of the three stocks are as follows:
Windsor Machines
The injection moulding machine manufacturer has a market capitalisation of Rs 2,388 crore on the BSE. Kela bought 7.71% stake in the company. The stock is down 17% in 2025 so far but has had a stellar journey over the past one year, delivering multibagger returns of 248%.
SG Finserve
SG Finserve is a tech-enabled non-banking finance company (NBFC). The stock has fallen over 1% this year while declining 7% on the 1-year basis. He bought a 1.70% stake in the company.
Prataap Snacks
Kela bought 4.61% stake in the Prataap Snacks counter. The market capitalisation on the BSE stands at Rs 2,918.41 crore. Shares of Prataap Snacks have risen 8% so far this year while rallying 35% over a 1 year period.
Kopran
Kela increased his holding by 42 bps in Kopran, bringing his stake to 1.46% in the March ended quarter from 1.04% at the end of the December quarter.
Kopran is an integrated pharmaceutical company based out of Mumbai. The company is a manufacturer and supplier of formulations and Active Pharmaceutical Ingredients (API), worldwide. Kopran's manufacturing facilities and products have accreditations in all the continents, the company website claims.
The stock has been on a losing side falling by 11% and 25% on a year-to-date and one-year basis.
Kela also has stakes in other stocks like Nazara Technologies, Samhi Hotels, Rashi Peripherals, Unicommerce eSolutions and Waaree Energies.