While India debates EV adoption, Shera Energy is already melting, casting, and electro-depositing its way to Zambia. Yes, Jaipur’s own non-ferrous ninja just went continental — because why buy copper when you can make copper 6,000 km away? The company’s African adventure is heating up faster than a smelter, and profits are following suit — up 57%. Keep reading, because this half-year call had everything — cathodes, catharsis, and one MD who sounds more bullish than copper prices on the LME.
2. At a Glance
Revenue up 30%: CFO insists it’s all real metal, not Excel-sheet alchemy.
EBITDA up 42%: Efficiency went up faster than copper prices in Shanghai.
Net Profit ₹15 Cr (+57% YoY): Jaipur just mined some serious margin.
EPS ₹4.92 vs ₹3.32: The kind of growth your demat account dreams about.
Copper cathode plant (Zambia): Trial done, production incoming.
Capex ₹300–₹500 Cr: Because global ambitions aren’t cheap.
Solar ribbon plant: Shipped from China, launching January — this “ribbon cutting” is literal.
3. Management’s Key Commentary (and Translations)
“We are establishing our own copper cathode facility in Zambia.” (Translation: When copper got expensive, we decided to print our own money. 🔋)
“Commercial production will commence soon; first sales in 30–45 days.” (Translation: The furnace is hot; we just need a customs stamp.)
“Backward integration will improve margins by 15–20%.” (Translation: Every rupee of cost-cutting now smells like copper oxide.)
“Forward integration into solar ribbons and superfine wires is underway.” (Translation: We’ll power both your transformer and your rooftop.)
“Our Zambia subsidiary is 99.5% owned by Shera Energy.” (Translation: Family business, but make it global.)
“We’re not into mining yet; just processing the mined material.” (Translation: Too smart to dig holes for now — we’ll melt what others pull out.)
“By FY27, capacity will reach 5,000 MT.” (Translation: The copper flood is coming, brace your transformers.) 😎
