Shera Energy Ltd(SHERA)

NSE: SHERA

₹ 164.95+7.42%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 403 crUpdated: 27 Oct 2026

About

Shera Energy makes copper, brass and aluminium products, including conductors, cables and wires. It works through subsidiaries such as Shera Metal, Rajputana and Shera Zambia. In FY26 it reported revenue of Rs 1,640.05 Cr and produced 36,466 MT on an installed capacity of 46,750 MT. It is building a copper cathode plant in Zambia and new value-added product lines.^[1][2][3]

Products

New higher-value products listed in Q4 FY26: CTC conductors, PV ribbon, PV busbar and PV round wire.^[2]
New lines in progress as of Q1 FY27: CTC conductors, nickel alloys, super-fine enamel wires, bunched strips and PV ribbon.^[4]
The CTC conductors are meant for EHV transformers rated at 765 kV (Q3 FY26).^[5]

Capacity and production

FY26 consolidated production was 36,466 MT on 46,750 MT of installed capacity, which is 78% utilisation.^[2]
Utilisation was 78% in FY26 vs 74% in FY25.^[4]
Brass volume was shown at 13,232 MT in FY26 vs 5,687 MT, and copper at 6,714 MT vs 12,810 MT. The source notes these two figures may be swapped.^[2]
Q2 FY26 utilisation was 80%: 9,360.07 MT produced on 11,687.50 MT of installed capacity.^[6]
Sales volume was 20,401.62 MT in 9M FY26 vs 17,708.60 MT a year earlier, up 12%.^[5]
Q3 FY26 sales volume was 6,617.56 MT. After LME copper prices jumped, production was shifted from copper to aluminium.^[5]

Key operating numbers

Monthly order book was ₹170 Cr in Q1 FY27.^[4]
Working capital days were 56 and debtor days 44 in Q1 FY27.^[4]
Raw material consumption was 88.94% of sales in Q3 FY26 vs 89.91% in the prior quarter.^[5]

Customers and markets

Exports were about 5% of the business in FY26.^[4]
The company has started exporting conductors, cables and solar cables to Zambia, and is in talks with the Ethiopian Electric Utility (Q2 FY26).^[6]
Its international footprint covers Africa, the Middle East and Southeast Asia (FY25).^[7]

Zambia copper cathode project

The first trial batch of 8.6 MT of 99.99%-purity cathode was produced and sold in full. As of Q1 FY27 the plant was still pre-commercial, with Phase 1 capacity of 1,200 MT/yr.^[4]
A scale-up to 5,000 MT/yr is proposed.^[4]
Rs 300-500 cr of capex is planned to scale the plant from trial stage to 5,000 MT a year (Q3 FY26).^[5]
The FY27 related-party approvals sought include Rs 20,000 lakh with each subsidiary for Buntingwa Resources, a Zambian mining company.^[3]

Other expansion

Rajputana is adding about 2,700 MTPA of combined capacity for nickel alloys, copper cables and wires, and aluminium, at about ₹20 Cr capex including rooftop solar.^[4]
The Shera Metal value-added facility has been set up, but commercial production had not started as of Q1 FY27.^[4]
An Ethiopian subsidiary has been approved, with early-stage approvals in place for investment there.^[2][4]

Recent developments

28 Sep 2026: the company reported unaudited consolidated turnover of ₹1,000 Crore for H1 FY 2026-27.^[8]
Q1 FY27 revenue of ₹487.7 Cr, up 26% YoY, was the highest quarterly revenue in the company's history.^[4]
The company has met the eligibility criteria to move to the NSE Main Board, and the formalities are under way (Q1 FY27).^[4]
A resolution was proposed to raise the borrowing limit from Rs 500 Crores to Rs 750 Crores.^[3]
Anilkumar Rander was appointed non-executive director with effect from July 17, 2026.^[3]

Market Cap

₹403 Cr

High / Low

₹207 / 95

Stock P/E

15.5

Price / Book

2.4

Book Value

₹79

EPS

₹12.1

No. of Shares

2.44 Cr

ROCE

19.5%

ROE

17.0%

OPM

5.3%

Debt / Equity

1.35

Sales

₹1,640 Cr

Net Profit

₹37 Cr

Promoter holding

62.4%

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