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Microcap stock engaged in the business of manufacturing and supplying a wide range of winding wires, strips, and other non-ferrous metal products jumped 7 percent in the day’s trade upon receiving an export order worth Rs. 73 Lakhs from Zambia 

Price Action 

With a market capitalization of Rs. 424 Crores, the shares of Shera Energy Limited were trading at Rs. 186 per equity share, up 3 percent from its previous day’s close price of Rs. 180.80. 

What Happened 

Shera Energy Limited has announced that it has received its first African export order for the supply of conductors to Zambia for a consideration of USD 87,000 or Rs. 72.62 Lakhs. This Work order highlights its commitment to delivering high-quality products and services to new regions and underscores its growing reach and expansion into the African markets. 

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With numerous infrastructure projects in the pipeline in Zambia and its strategic presence there through its subsidiary, Shera Energy Limited anticipates a substantial boost to its export business. With this, It forecasts an impressive addition of approximately Rs. 60 crores in export business for the current financial year 2024-25. 

Shera Energy Limited is in continuous dialogue with electrical utilities to provide them with solutions for refurbishing unserviceable transformers. It looks forward to building strong and lasting relationships with its partners in Zambia and business with other African countries as it continues expanding its footprint, delivering innovative solutions to meet the region’s needs. 

About the company 

Shera Energy Limited is engaged in the business of manufacturing and supplying a wide range of winding wires, strips, and other non-ferrous metal products primarily made with copper, aluminum, and many more. 

Its product portfolio includes Brass Rods, Brass Wires, Copper Tubes, Aluminum Tubes, Paper Covered Copper Conductors & Bunched Conductors, Copper Conductors, Copper Bus Bars many more.

Financials and Ratios 

Its revenue from operations grew by 25.66 percent from Rs. 696 Crores in FY23 to Rs. 875 Crores in FY24, accompanied by profits of Rs. 9 Crores to Rs. 14 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 10.7 percent, and a return on capital employed (ROCE) of 20.1 percent. It has reported a debt-to-equity ratio of 1.12. 

Written by: Bharath K.S 

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