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Mercury EV-Tech logo

Mercury EV-Tech

MERCURYEV NSE
₹31.81 −1.27 (−3.84%)
P/E
127.24
View as Markdown
MCP
Close 4 Nov 2026 ₹31.81 −10.11 −24.1% 1Y
Start ₹41.92

Key Fundamentals

MicrocapAutomobilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
2.64%
Debt to Equity
0.03
EPS (TTM)
₹0.25
Book Value
₹14.78
Market Cap
—
P/E (TTM)
127.24
P/B
2.15
ROE
1.51%
Dividend Yield
0.00%
EBITDA
₹11.00 Cr
52W High
₹45.00
52W Low
₹20.00
Day Range
₹31.63 – ₹33.29
Volume
1,40,599

Peer Comparison

Consumer Discretionary › Automobiles › Cars & Utility Vehicles › Passenger Cars & Utility Vehicles

Mercury EV-Tech peer comparison
Maruti
₹11,995.0028.04₹3,73,667 Cr3.461.18%14.30%18.90%₹2,08,192 Cr₹13,451 Cr
Mahindra & Mahindra
₹2,961.9019.94₹3,64,230 Cr3.951.13%20.30%15.10%₹2,11,375 Cr₹20,243 Cr
Hyundai Motor India
₹2,063.0036.64₹1,64,832 Cr8.231.03%29.90%38.40%₹73,920 Cr₹4,575 Cr
Tata Motors Passenger Vehicles
₹278.50—₹1,02,686 Cr0.921.08%75.70%2.73%₹3,43,703 Cr₹79,502 Cr
Force Motors
₹18,148.0019.10₹23,063 Cr5.160.28%26.10%36.00%₹9,200 Cr₹1,253 Cr
Olectra Greentech
₹1,058.7048.99₹8,392 Cr7.100.06%15.60%21.00%₹2,540 Cr₹180 Cr
Mercury EV-Tech (this company)
₹31.81127.24₹627 Cr2.150.00%1.51%2.64%₹113 Cr₹5 Cr
Median 7 companies₹2,063.0032.34₹1,02,686 Cr3.951.03%20.30%18.90%₹73,920 Cr₹4,575 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

27 Poor

Data confidence 98/100

Category scores

Quality
15
Poor
Returns, margins, earnings quality 22% weight
Valuation
18
Poor
Cheap vs sector & own history 24% weight
Growth
32
Poor
Sales & profit trajectory 9% weight
Financial Health
73
Strong
Solvency, leverage, coverage 9% weight
Momentum
40
Weak
Trend strength, vol-adjusted 12% weight
Ownership
19
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Debtor days have improved from 174 to 138 days.

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.62% over last 3 years.
  • Earnings include an other income of Rs.5.73 Cr.
  • Promoter holding has decreased over last 3 years: -3.39%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1270
OscillatorsBearish270
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
36.92
Neutral
MACD (12,26,9)
−1.49
Bearish
SMA (50)
37.01
Bearish
SMA (200)
34.47
Bearish

As of

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+85.42%
1Y+14.61%
TTM+4.21%

Net profit

Net profit growth by window
3Y+58.74%
1Y−50.00%
TTM−47.59%

Operating margin· change in pp

Operating margin growth by window
3Y−7.60 pp
1Y−4.09 pp
TTM−3.03 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2022₹1.00 Cr
Mar 2023₹16.00 Cr
Mar 2024₹22.00 Cr
Mar 2025₹89.00 Cr
Mar 2026₹102 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2022₹0.00 Cr
Mar 2023₹1.00 Cr
Mar 2024₹2.00 Cr
Mar 2025₹8.00 Cr
Mar 2026₹4.00 Cr

Quarterly Results

₹ Cr
531357 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7.25
5.52
4.58
5.57
3.87
19.48
35.6
30.68
22.57
34.01
25.29
20.21
33.38
Expenses
6.27
4.9
3.61
5.19
2.97
17.46
29.53
31.55
20.45
31
22.91
22.55
30.12
Operating Profit
0.98
0.62
0.97
0.38
0.9
2.02
6.07
−0.87
2.12
3.01
2.38
−2.34
3.26
OPM %
13.52%
11.23%
21.18%
6.82%
23.26%
10.37%
17.05%
−2.84%
9.39%
8.85%
9.41%
−11.58%
9.77%
Other Income
0
0.5
0
0
0
0.4
0.18
2.87
0.5
0.64
0.02
4.71
0.36
Interest
0.01
0.14
0.12
−0.05
0.07
0.08
0.31
0.41
0.13
0.08
0.2
0.39
0.73
Depreciation
0.06
0.08
0.12
0.08
0.17
0.21
0.16
0.22
0.3
1.22
1
1.13
0.94
PBT
0.91
0.9
0.73
0.35
0.66
2.13
5.78
1.37
2.19
2.35
1.2
0.85
1.95
Tax %
18.68%
34.44%
27.4%
31.43%
25.76%
24.88%
25.95%
2.92%
25.57%
21.7%
37.5%
80%
20%
Net Profit
0.75
0.59
0.53
0.23
0.49
1.6
4.28
1.55
1.27
1.72
0.89
0.3
1.56
EPS (₹)
0.04
0.04
0.03
0.01
0.03
0.09
0.23
0.08
0.07
0.09
0.05
0.02
0.09

Profit & Loss

₹ Cr
531357 profit and loss, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1
16
22
89
102
113
Expenses
1
14
19
81
97
107
Operating Profit
0
2
3
8
5
6
OPM %
24%
10%
13%
9%
5%
6%
Other Income
0
0
0
3
6
6
Interest
0
0
0
1
1
1
Depreciation
0
0
0
1
4
4
PBT
0
2
3
10
7
6
Tax %
28%
13%
31%
23%
34%
—
Net Profit
0
1
2
8
4
5
EPS (₹)
0.01
0.08
0.11
0.39
0.22
0.25
Div. Payout %
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
531357 balance sheet, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.7
17
18
19
19
Reserves
1
33
63
258
261
Borrowings
0
23
56
6
7
Other Liabilities
0
4
14
53
70
Total Liabilities
1
77
151
336
358
Fixed Assets
0
33
37
44
92
CWIP
0
9
43
59
28
Investments
0
0
0
0
0
Other Assets
1
35
71
233
238
Total Assets
1
77
151
336
358

Cash Flow

₹ Cr
531357 cash flow, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
−14
−15
−44
—
Investing
0
−48
−55
−90
—
Financing
0
70
61
139
—
Net Cash Flow
0
8
−8
5
—
Free Cash Flow
0
−56
−38
−67
—
CFO/OP
−129
−860
−493
−533
—

Ratios

531357 financial ratios, annual
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
112
228
157
—
Inventory Days
0
227
154
228
—
Days Payable
—
91
177
104
—
Cash Conversion Cycle
0
249
205
281
—
Working Capital Days
68
460
860
579
—
ROCE %
—
4%
3%
5%
—

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mercury EV-Tech insights

46 extracted metrics across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.36%
  • Public 34.25%
  • Others 9.81%
  • FIIs 0.57%
  • Government 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Mercury EV-Tech

What does Mercury EV-Tech Ltd do?
Incorporated in 1986, Mercury Ev-Tech Ltd is in the business of Manufacturing and Trading of Electronic vehicles and other related renewable energy products
Where is Mercury EV-Tech Ltd (MERCURYEV) listed?
Mercury EV-Tech Ltd trades as MERCURYEV on the NSE and under code 531357 on the BSE.
Which sector does Mercury EV-Tech Ltd belong to?
Mercury EV-Tech Ltd is classified under the Automobiles sector, in the Cars & Utility Vehicles industry.
What is the PE ratio of Mercury EV-Tech Ltd?
Mercury EV-Tech Ltd trades at a PE ratio of 127.24 as of 4 Nov 2026, on earnings per share of ₹0.25, against a book value of ₹14.78 per share.
What is the 52-week high and low of Mercury EV-Tech Ltd?
Over the last 52 weeks Mercury EV-Tech Ltd has traded between ₹20 and ₹45 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mercury EV-Tech Ltd?
Mercury EV-Tech Ltd reported a return on equity of 1.51%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 1986, Mercury Ev-Tech Ltd is in the business of Manufacturing and Trading of Electronic vehicles and other related renewable energy products

Website mercurymetals.in
CEO Mr. Jayesh Raichandbhai Thakkar
Employees 129
Listed 2 Jun 2026
Face Value ₹1

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