ALFA Finder
| Market Cap | ₹435.51 CrSmall Cap |
|---|---|
| PE TTM | 14.81Sector PE 17.12 |
| Revenue TTM | ₹1906.81 CrTTM Performance |
| Promoter Holding | 62.35%Latest Qtr |
Key highlights
- Application number 326 submitted to NSE for platform migration approval
- Net profit for the September 2026 quarter jumped 117.5% YoY to ₹14.28 crore
- Quarterly operating revenue reached ₹559.73 crore, up 42.1% year-on-year
- Company targets a revenue CAGR of 25% to 30% through the 2030 fiscal year
- Credit rating upgraded to ACUITE A-/Stable (long-term) in July 2026
Formal Application for Main Board Transition
Shera Energy Limited informed the exchange on November 12, 2026, that it has filed application number 326 to transition its trading platform from NSE Emerge to the NSE Main Board. The submission includes all requisite documentation and is currently under consideration by the National Stock Exchange. This transition is a typical milestone for high-growth SMEs, aimed at increasing liquidity, enhancing corporate visibility, and attracting a broader base of institutional investors.
The company has committed to providing further updates upon receiving in-principle or final approvals from the regulator, marking a significant step in its corporate evolution within the metals and mining sector.
Recent Strategic and Financial Milestones
- Net profit for the quarter ended September 30, 2026, rose to ₹14.28 crore from ₹6.57 crore in the previous year
- Operating revenue for the same period reflected a 14.8% sequential growth from the June 2026 quarter
- Board approved the incorporation of a wholly owned subsidiary in Dubai with an investment up to USD 5 million on November 2, 2026
- Completed the allotment of 45,00,000 convertible warrants at ₹118 each in July 2026, raising ₹53.10 crore
- Appointment of Mrs. Manisha Godara as an Additional Non-Executive Independent Director on November 5, 2026
Business Outlook and Industrial Expansion
Headquartered in Jaipur, Shera Energy operates in the iron and steel products industry, specializing in copper and aluminum solutions. The company is currently scaling its manufacturing capabilities, with full-scale commercial production of continuously transposed conductors (CTC) anticipated by the end of FY27. Management has maintained a long-term revenue growth guidance of 25% to 30% CAGR through FY30.
With a TTM price-to-earnings ratio of 14.81 compared to the broader industry average of 31.4, the company currently maintains a durability score of 60. The 1-year price change stands at 32.94%, supported by improving operating margins which reached 6.55% in the latest quarter.
| Date | Announcement | Amount |
|---|---|---|
| 05 Nov 2026 | Appointment of Mrs. Manisha Godara as an Additional Non-Executive Independent DirectorSource: NSE filing | – |
| 02 Nov 2026 | Board approval for the incorporation of a wholly owned subsidiary in Dubai, UAE with an investment of up to USD 5 millionSource: NSE filing | – |
| 02 Nov 2026 | Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026Source: NSE filing | – |
| 15 Jul 2026 | Credit rating upgrade by Acuité Ratings & Research to ACUITE A-/Stable (long-term) and ACUITE A2+ (short-term)Source: NSE filing | – |
| 14 Jul 2026 | Allotment of 45,00,000 convertible warrants on a preferential basis at an issue price of ₹118 eachSource: electronicsera.in | ₹53.10 Cr |
What to watch next
- Receipt of in-principle approval from NSE for Main Board migration
- Finalization of the Dubai subsidiary incorporation by early 2027
- Commencement of full-scale CTC commercial production by the end of FY27
| Share price | ₹178.2 |
|---|---|
| Market capitalisation | ₹435.51 Cr |
| Revenue (annual) | ₹1,640.05 Cr |
| Net profit (annual) | ₹29.40 Cr |
| Revenue (latest quarter) | ₹559.73 Cr+14.77% vs previous quarter |
| Net profit (latest quarter) | ₹14.28 Cr+39.16% vs previous quarter |
| P/E (TTM) | 14.81×Sector 17.12× |
| Promoter holding | 62.35% |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Shera Energy Limited announcing the submission of an application for migration to the NSE Main Board. Market figures from a third-party data provider.
