Under Rs 200: Small Cap Company Secured First Ever African Export Order Valued at USD 87,000 for Supplying Conductors to Zambia
This order is projected to add approximately Rs 60 crore to the company’s export revenue for the FY25.
Incorporated in 2003, Shera Energy Ltd specializes in manufacturing non-ferrous metal and alloy products, including winding wires. The company recently secured its inaugural African export order valued at USD 87,000 for supplying conductors to Zambia. This achievement underscores our commitment to delivering top-tier products and services to new markets on the continent, bolstering our footprint in Africa. With ongoing infrastructure projects in Zambia and the strategic presence of our subsidiary there, we anticipate a significant boost to our export operations. This development is projected to add approximately 60 crores to the company’s export revenue for FY25.
Currently, shares of Shera Energy Ltd are trading at around Rs 186.95 per share. The company’s current market capitalization stands at Rs 466.03 crore. The stock has delivered a return of around 90 per cent in just 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the fourth quarter of FY24, Shera Energy Ltd recorded a revenue of Rs 491 crore. The operating profit for Q4 FY24 stood at Rs 27 crore. The net profit for Q4 FY24 was Rs 8 crore. Looking at the annual performance, the company generated a revenue of Rs 875 crore in FY24, compared to Rs 696 crore in FY23. The operating profit for FY24 was Rs 51 crore, with a net profit of Rs 14 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.