Multibagger stock engaged in the business of manufacturing and supplying a wide range of winding wires, strips and many more jumped 9 percent upon release of Q3FY24 results with a 131 percent YoY jump in net profit.
The shares of Shera Energy Limited closed at Rs. 183, up 9.16 percent from its previous day’s close price of Rs. 167.65 and its market capitalization is Rs. 417 Crores. It has delivered multibagger returns of 185 percent in a year.
Its revenue from operations grew by 36.79 percent YoY from Rs. 150.67 Crores in Q3FY23 to Rs. 206.11 Crores in Q3FY24 and it grew 12.86 percent QoQ from Rs. 182.61 Crores in Q2FY24 to Rs. 206.11 Crores in Q3FY24.
Its Net Profit grew by 131.11 percent YoY from Rs. 2.25 Crores in Q3FY23 to Rs. 5.20 Crores in Q3FY24 and it grew 78.69 percent QoQ from Rs. 2.91 Crores in Q2FY24 to Rs. 5.2 Crores in Q3FY24.
Shera Energy Limited is engaged in the business of manufacturing and supplying a wide range of winding wires and strips made of non-ferrous metals primarily Copper, aluminum, and many more.
It has reported a return on equity (ROE) of 11.7 percent and a return on capital employed (ROCE) of 16.8 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 63.58 percent stake, the Domestic Institutional Investors hold 0.22 percent and the Foreign Institutional Investors (FII) hold 0.09 percent.
Written by: Bharath K.S
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