India, Sept. 4 -- The business started with winding wires, but the strategy is now much broader. Instead of remaining a converter that buys metal and turns it into wires, the company is trying to control more stages of the value chain. That includes recycling, manufacturing higher-value conductors and eventually producing copper cathodes themselves. The EV opportunity is part of this shift, but the broader demand story also includes transformers, solar, power transmission, and electrical equipment.

Shares of Shera Energy were trading at around Rs182. The company had a market capitalization of roughly Rs446 crore, with a 52-week range of Rs94.95-Rs188.90 and a P/E of approximately 13x.

The Business Is Moving Up the Value Chain Shera curr...