# Sunil Singhania’s Rs 266 Cr Bet, Madhu Kela’s 20x Order Book Play

> Two Indian investors doubled stock prices with high-risk bets on chemical and railway stocks.
- Title: Sunil Singhania’s Rs 266 Cr Bet, Madhu Kela’s 20x Order Book…
- Summary: Two Indian investors doubled stock prices with high-risk bets on chemical and railway stocks. Sunil Singhania’s fund and Madhusudan Kela’s family each…
- Keywords: sunil singhania, madhusudan kela, aether industries, mv electrosystems, rs 266 cr, 20x order book, stocks, investments, chemical stocks, railway stocks, business, money
- Source: Financialexpress — https://financialexpress.com/market/stock-insights/sunil-singhanias-rs-266-cr-bet-madhu-kelas-20x-order-book-play-stocks-up-100/4357762
- Author: Suhel Khan
- Published: 2026-10-09T23:45:00+00:00
- Read time: 2 min
- Topics: sunil singhania, madhusudan kela, aether industries, mv electrosystems, rs 266 cr, 20x order book, stocks, investments, chemical stocks, railway stocks, business, money
## Sunil Singhania’s Rs 266 Cr Bet
Sunil Singhania's fund crossed 1% in Aether Industries, a chemical maker supplying Baker Hughes and Saudi Aramco.
## Madhusudan Kela’s 4.22% Stake
Madhusudan Kela's family holds 4.22% of MV Electrosystems, a railway equipment maker listed on August 6, 2026.
## Aether Industries: 1.15% Stake
Abakkus Flexi Cap Fund holds 1.15% of Aether Industries, worth Rs 266 cr at October 8, 2026 closing.
## MV Electrosystems: 4.22% Stake
Madhusudan Kela's family holds 4.22% of MV Electrosystems, a railway equipment maker listed on August 6, 2026.
## Aether’s 97x PE Valuation
Aether Industries trades at 97x its earnings, 20 times its book value, and 172% higher than IPO price.
## MV Electrosystems: 50x Sales
MV Electrosystems trades at 50 times FY26 sales and 7 times book value, up 117% from IPO.
## Aether’s Growth Drivers
Aether Industries makes chemicals for oil and gas, with Baker Hughes and Saudi Aramco as key clients.
## MV Electrosystems’ Order Book
MV Electrosystems has an order book of Rs 989.32 cr, 20 times its FY26 sales of Rs 49 cr.
## Aether’s Cash Flow Issues
Aether has negative free cash flow for five years, with Rs 481 cr deficit in FY26 alone.
## MV Electrosystems’ Losses
MV Electrosystems swung to a net loss of Rs 13 cr in FY26, with sales down 22% to Rs 49 cr.
## Aether’s 2026 Performance
Aether’s sales grew 27% year on year to Rs 327 cr, with net profit up 33% to Rs 63 cr.
## MV Electrosystems’ Order Book Timeline
MV Electrosystems’ order book will deliver 564 units of 3-phase propulsion equipment by January 2027.
## Investor Entry Points
Singhania entered after a big run; Kela bought shares before IPO at a discount.
## Next Steps for Both Stocks
Aether must show new lines can scale without draining cash; MV Electrosystems must prove deliveries are on schedule.
## What Happens Next
The next two quarters will settle whether both stocks can deliver on their growth potential.
## Key takeaway

Sunil Singhania’s fund and Madhusudan Kela’s family each doubled their investments in stocks that have more than doubled in value.