Manaksia Steels vs Shera Energy vs Suraj Limited: Which Stock Should You Track

Manaksia Steels vs Shera Energy vs Suraj Limited starts with the core numbers most investors compare within the steel and metal products segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the steel and metal products bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Manaksia Steels, Shera Energy and Suraj Limited: Company Overview

Manaksia Steels is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 698 crore, a return on equity of 12.25% and a book value of Rs 49.74 per share. Its quarterly revenue moved from Rs 220.00 crore in June 2025 to Rs 331.16 crore in June 2026, a change of +50.5%.

Shera Energy is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 476 crore, a return on equity of 15.17% and a book value of Rs 79.30 per share. Its quarterly revenue moved from Rs 387.81 crore in June 2025 to Rs 490.57 crore in June 2026, a change of +26.5%.

Suraj Limited is a listed Indian company in the steel and metal products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 336 crore, a return on equity of 5.42% and a book value of Rs 75.01 per share. Its quarterly revenue moved from Rs 51.71 crore in June 2025 to Rs 39.92 crore in June 2026, a change of -22.8%.

Manaksia Steels vs Shera Energy vs Suraj Limited: Valuation and Profitability Snapshot

Metric	Manaksia Steels	Shera Energy	Suraj Limited
Market Cap (approx.)	Rs 698 crore	Rs 476 crore	Rs 336 crore
PE Ratio (TTM)	12.44	11.17	40.40
PB Ratio	2.14	2.45	2.44
Return on Equity (ROE)	12.25%	15.17%	5.42%
EPS (TTM, Rs)	8.56	17.42	4.53
Dividend Yield	0.00%	0.00%	0.82%
Debt to Equity	0.46	1.35	0.44
Book Value per Share (Rs)	49.74	79.30	75.01

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On valuation, Manaksia Steels trades at a PE of 12.44 and a PB of 2.14, Shera Energy at a PE of 11.17 and a PB of 2.45, while Suraj Limited trades at a PE of 40.40 and a PB of 2.44. On return on equity, the three post 12.25%, 15.17% and 5.42% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.82%. Manaksia Steels has the highest market capitalisation of the three at Rs 698 crore, while Suraj Limited has the lowest at Rs 336 crore. Suraj Limited has the highest PE ratio of the three at 40.40, while Shera Energy has the lowest at 11.17. Shera Energy has the highest return on equity of the three at 15.17%, while Suraj Limited has the lowest at 5.42%. Shera Energy has the highest debt to equity ratio of the three at 1.35, while Suraj Limited has the lowest at 0.44. Debt to equity is 0.46, 1.35 and 0.44 for the three respectively.

Manaksia Steels vs Shera Energy vs Suraj Limited: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Manaksia Steels	Rs 331.16 crore	Rs 22.65 crore	+50.5%	-0.0%	+249.0%
Shera Energy	Rs 490.57 crore	Rs 12.64 crore	+26.5%	+5.5%	+79.3%
Suraj Limited	Rs 39.92 crore	Rs 3.59 crore	-22.8%	-13.7%	+31.0%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Manaksia Steels vs Shera Energy vs Suraj Limited: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Manaksia Steels vs Shera Energy vs Suraj Limited, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Manaksia Steels	Shera Energy	Suraj Limited
June 2025	Rs 220.00 crore	Rs 387.81 crore	Rs 51.71 crore
September 2025	Rs 263.63 crore	Rs 394.83 crore	Rs 51.42 crore
December 2025	Rs 320.56 crore	Rs 399.22 crore	Rs 62.52 crore
March 2026	Rs 331.24 crore	Rs 464.87 crore	Rs 46.26 crore
June 2026	Rs 331.16 crore	Rs 490.57 crore	Rs 39.92 crore

Quarterly net profit (Rs crore)

Quarter	Manaksia Steels	Shera Energy	Suraj Limited
June 2025	Rs 6.49 crore	Rs 7.05 crore	Rs 2.74 crore
September 2025	Rs 4.50 crore	Rs 8.16 crore	Rs 0.83 crore
December 2025	Rs 9.61 crore	Rs 9.40 crore	Rs 1.38 crore
March 2026	Rs 19.32 crore	Rs 12.36 crore	Rs 2.52 crore
June 2026	Rs 22.65 crore	Rs 12.64 crore	Rs 3.59 crore

Manaksia Steels reported revenue of Rs 220.00 crore in June 2025 and Rs 331.16 crore in June 2026, a change of +50.5% across the period. Its highest quarterly revenue in this window was Rs 331.24 crore in March 2026. Net profit stood at Rs 22.65 crore in June 2026, which is a net profit margin of 6.84%.

Shera Energy reported revenue of Rs 387.81 crore in June 2025 and Rs 490.57 crore in June 2026, a change of +26.5% across the period. Its highest quarterly revenue in this window was Rs 490.57 crore in June 2026. Net profit stood at Rs 12.64 crore in June 2026, which is a net profit margin of 2.58%.

Suraj Limited reported revenue of Rs 51.71 crore in June 2025 and Rs 39.92 crore in June 2026, a change of -22.8% across the period. Its highest quarterly revenue in this window was Rs 62.52 crore in December 2025. Net profit stood at Rs 3.59 crore in June 2026, which is a net profit margin of 8.99%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three steel and metal products names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as steel and raw material prices, order books, capacity utilisation and demand from customer industries. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Manaksia Steels, Shera Energy and Suraj Limited directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Manaksia Steels vs Shera Energy vs Suraj Limited highlights how differently three companies in the same steel and metal products segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Manaksia Steels vs Shera Energy vs Suraj Limited

What is the market cap difference between Manaksia Steels, Shera Energy and Suraj Limited?

Ans. As of October 2026, Manaksia Steels has a market cap of approximately Rs 698 crore, Shera Energy is at approximately Rs 476 crore, and Suraj Limited is at approximately Rs 336 crore. Manaksia Steels is the largest of the three, and its market capitalisation is about 2.1 times that of Suraj Limited, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Manaksia Steels vs Shera Energy vs Suraj Limited comparison.

What are the PE and PB ratios of Manaksia Steels, Shera Energy and Suraj Limited?

Ans. As of October 2026, the PE ratios stand at 12.44, 11.17 and 40.40 respectively, and the price to book ratios stand at 2.14, 2.45 and 2.44 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for steel and metal products and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Manaksia Steels, Shera Energy and Suraj Limited post ROE of 12.25%, 15.17% and 5.42% respectively as of October 2026. Shera Energy has the highest return on equity of the three at 15.17%, while Suraj Limited has the lowest at 5.42%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Manaksia Steels vs Shera Energy vs Suraj Limited figures.

Which of these three stocks pays the highest dividend yield?

Ans. Manaksia Steels, Shera Energy and Suraj Limited carry dividend yields of 0.00%, 0.00% and 0.82% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Manaksia Steels, Shera Energy and Suraj Limited?

Ans. Manaksia Steels carries a debt to equity of 0.46, Shera Energy of 1.35, and Suraj Limited of 0.44. Shera Energy has the highest debt to equity ratio of the three at 1.35, while Suraj Limited has the lowest at 0.44. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in steel and metal products need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Manaksia Steels vs Shera Energy vs Suraj Limited comparison.

What were the latest quarterly revenue and net profit of Manaksia Steels, Shera Energy and Suraj Limited?

Ans. For Q1 FY27 (quarter ended June 2026), Manaksia Steels reported revenue of Rs 331.16 crore and net profit of Rs 22.65 crore, Shera Energy reported revenue of Rs 490.57 crore and net profit of Rs 12.64 crore, and Suraj Limited reported revenue of Rs 39.92 crore and net profit of Rs 3.59 crore. Compared with the quarter ended June 2025, revenue changed by +50.5% for Manaksia Steels, +26.5% for Shera Energy and -22.8% for Suraj Limited. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Manaksia Steels vs Shera Energy vs Suraj Limited results.

Does this comparison recommend one of Manaksia Steels, Shera Energy and Suraj Limited?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in steel and metal products, it also helps to look at factors such as steel and raw material prices, order books, capacity utilisation and demand from customer industries. Reading the latest filings and investor presentations of Manaksia Steels, Shera Energy and Suraj Limited directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Manaksia Steels vs Shera Energy vs Suraj Limited.