Mercantile Ventures
Commercial Services
MERCANTILE NSE
₹21.03 +0.22 (+1.06%)
- P/E
- 34.48
Close 4 Nov 2026 ₹21.03 −7.96 −27.5% 1Y
Start ₹28.99
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 0.82%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹0.61
- Book Value
- ₹24.18
- Market Cap
- —
- P/E (TTM)
- 34.48
- P/B
- 0.87
- ROE
- 1.97%
- Dividend Yield
- 0.00%
- EBITDA
- ₹3.50 Cr
- 52W High
- ₹31.90
- 52W Low
- ₹17.50
- Day Range
- ₹21.00 – ₹22.43
- Volume
- 769
Peer Comparison
Services › Commercial Services › Diversified Services › Diversified Commercial Services
| ₹402.00 | 28.49 | ₹17,550 Cr | 9.92 | 0.63% | 55.80% | 69.20% | ₹1,363 Cr | ₹611 Cr | |
| ₹680.50 | 111.74 | ₹9,206 Cr | 27.76 | 0.00% | 27.90% | 12.60% | ₹2,578 Cr | ₹82 Cr | |
| ₹1,040.40 | 17.60 | ₹7,372 Cr | 2.33 | 0.68% | 14.80% | 18.50% | ₹951 Cr | ₹417 Cr | |
| ₹31.28 | 16.82 | ₹7,118 Cr | 2.05 | 0.00% | 23.10% | 16.20% | ₹1,101 Cr | ₹488 Cr | |
| ₹633.50 | 15.99 | ₹5,724 Cr | 12.18 | 4.72% | 83.80% | 30.80% | ₹674 Cr | ₹357 Cr | |
| ₹116.45 | 22.39 | ₹5,030 Cr | 3.40 | 0.00% | 9.82% | 9.21% | ₹821 Cr | ₹75 Cr | |
| Mercantile Ventures (this company) | ₹21.03 | 34.48 | ₹231 Cr | 0.87 | 0.00% | 1.97% | 0.82% | ₹95 Cr | ₹4 Cr |
| Median 7 companies | ₹402.00 | 22.39 | ₹7,118 Cr | 3.40 | 0.00% | 23.10% | 16.20% | ₹951 Cr | ₹357 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. 2 companies are 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
50 Average
Data confidence 100/100
Category scores
- Quality
- 51
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 32
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 65
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 82
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 33
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- 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.
- Stock is trading at 0.92 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 1.95% over last 3 years.
- Earnings include an other income of Rs.5.35 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 7 | 0 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
12
Neutral
7
Bullish
0
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 44.78
- Neutral
- MACD (12,26,9)
- −0.50
- Bearish
- SMA (50)
- 22.80
- Bearish
- SMA (200)
- 23.55
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 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
| 10Y | +17.81% |
|---|---|
| 5Y | +20.14% |
| 3Y | +25.56% |
| 1Y | +29.30% |
| TTM | +24.52% |
Net profit
| 10Y | −7.69% |
|---|---|
| 5Y | −27.03% |
| 3Y | −51.13% |
| 1Y | −88.05% |
| TTM | −58.95% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | −48.41% |
| 3Y | Turned positive |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −14.59 pp |
|---|---|
| 5Y | −11.35 pp |
| 3Y | −6.70 pp |
| 1Y | −1.41 pp |
| TTM | −0.69 pp |
Revenue by year
| Mar 2017 | ₹27.14 Cr |
|---|---|
| Mar 2018 | ₹29.95 Cr |
| Mar 2019 | ₹34.40 Cr |
| Mar 2020 | ₹38.24 Cr |
| Mar 2021 | ₹37.30 Cr |
| Mar 2022 | ₹37.04 Cr |
| Mar 2023 | ₹47.15 Cr |
| Mar 2024 | ₹60.39 Cr |
| Mar 2025 | ₹72.19 Cr |
| Mar 2026 | ₹93.34 Cr |
Net profit by year
| Mar 2017 | −₹27.93 Cr |
|---|---|
| Mar 2018 | ₹1.14 Cr |
| Mar 2019 | ₹6.66 Cr |
| Mar 2020 | ₹21.09 Cr |
| Mar 2021 | ₹9.38 Cr |
| Mar 2022 | ₹16.40 Cr |
| Mar 2023 | ₹16.62 Cr |
| Mar 2024 | −₹7.62 Cr |
| Mar 2025 | ₹16.23 Cr |
| Mar 2026 | ₹1.94 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.68 | 15.19 | 16.13 | 15.39 | 16.74 | 17.84 | 18.34 | 19.26 | 21.08 | 23.51 | 25.07 | 23.67 | 23.03 |
| Expenses | 12.8 | 14.22 | 15.13 | 18.15 | 16.79 | 17.16 | 17.68 | 19.21 | 21.39 | 22.96 | 24.63 | 23.9 | 23.1 |
| Operating Profit | 0.88 | 0.97 | 1 | −2.76 | −0.05 | 0.68 | 0.66 | 0.05 | −0.31 | 0.55 | 0.44 | −0.23 | −0.07 |
| OPM % | 6.43% | 6.39% | 6.2% | −17.93% | −0.3% | 3.81% | 3.6% | 0.26% | −1.47% | 2.34% | 1.76% | −0.97% | −0.3% |
| Other Income | 1.1 | 0.79 | −8.33 | 2.47 | 8.25 | 1.1 | 1.63 | 1.96 | 0.13 | 0.11 | 0.67 | 2.09 | 2.48 |
| Interest | 0.29 | 0.25 | 0.55 | 0.24 | 0.25 | 0.26 | −0.33 | 0.03 | 0.05 | 0 | 0.04 | 0.01 | 0.06 |
| Depreciation | 0.25 | 0.25 | 0.27 | 0.21 | 0.23 | 0.24 | 0.21 | 0.25 | 0.21 | 0.21 | 0.21 | 0.26 | 0.2 |
| PBT | 1.44 | 1.26 | −8.15 | −0.74 | 7.72 | 1.28 | 2.41 | 1.73 | −0.44 | 0.45 | 0.86 | 1.59 | 2.15 |
| Tax % | 289.58% | 19.84% | 3.44% | 74.32% | 12.44% | 24.22% | 34.02% | −304.05% | 34.09% | 111.11% | 5.81% | −7.55% | 43.72% |
| Net Profit | −7.32 | 1.26 | −9.08 | −1.28 | 6.76 | 0.96 | 1.59 | 6.99 | −0.6 | −0.06 | 0.81 | 1.71 | 1.21 |
| EPS (₹) | −1.05 | 0.13 | −0.45 | −0.12 | 0.5 | 0.07 | 0.17 | 0.81 | −0.1 | 0.13 | 0.26 | 0.28 | −0.06 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.03 | 18.13 | 27.14 | 29.95 | 34.4 | 38.24 | 37.3 | 37.04 | 47.15 | 60.39 | 72.19 | 93.34 | 95.28 |
| Expenses | 11.38 | 15.4 | 24.49 | 27.14 | 31.38 | 34.34 | 32.89 | 34.84 | 43.77 | 60.24 | 70.83 | 92.9 | 94.59 |
| Operating Profit | 1.65 | 2.73 | 2.65 | 2.81 | 3.02 | 3.9 | 4.41 | 2.2 | 3.38 | 0.15 | 1.36 | 0.44 | 0.69 |
| OPM % | 12.66% | 15.06% | 9.76% | 9.38% | 8.78% | 10.2% | 11.82% | 5.94% | 7.17% | 0.25% | 1.88% | 0.47% | 0.72% |
| Other Income | 25.85 | 6.12 | −26.08 | 5.24 | 3.82 | 6.45 | 6.95 | 16.32 | 7.51 | −3.96 | 12.88 | 3.01 | 5.35 |
| Interest | 0.15 | 2.25 | 1.92 | 0.66 | 0.54 | 0.94 | 0.99 | 1.08 | 1.08 | 1.34 | 0.2 | 0.11 | 0.11 |
| Depreciation | 0.34 | 0.43 | 1.14 | 1.17 | 1.07 | 1.01 | 1.01 | 0.99 | 0.98 | 0.99 | 0.93 | 0.9 | 0.88 |
| PBT | 27.01 | 6.17 | −26.49 | 6.22 | 5.23 | 8.4 | 9.36 | 16.45 | 8.83 | −6.14 | 13.11 | 2.44 | 5.05 |
| Tax % | 19.81% | 29.98% | 5.44% | 81.67% | 29.06% | −35.36% | 31.73% | 30.21% | 23.56% | 23.29% | −24.18% | 20.9% | — |
| Net Profit | 21.67 | 4.32 | −27.93 | 1.14 | 6.66 | 21.09 | 9.38 | 16.4 | 16.62 | −7.62 | 16.23 | 1.94 | 3.67 |
| EPS (₹) | 1.93 | 0.38 | −2.5 | 0.1 | 0.6 | 2.3 | 1.01 | 1.03 | 1.42 | −0.71 | 1.45 | 0.53 | 0.61 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 |
| Reserves | 151 | 157 | 137 | 142 | 160 | 159 | 191 | 226 | 199 | 221 | 219 | 161 |
| Borrowings | 14 | 10.14 | 5.92 | 4.12 | 0.73 | 0.16 | 0 | 0 | 4 | 0 | 0 | 0 |
| Other Liabilities | 17.17 | 21.26 | 16.13 | 13.01 | 11.76 | 9.52 | 9.07 | 17.9 | 21.25 | 63.63 | 59.82 | 33.37 |
| Total Liabilities | 294 | 301 | 271 | 271 | 284 | 281 | 312 | 356 | 337 | 397 | 391 | 306 |
| Fixed Assets | 42.76 | 43.73 | 85.71 | 84.66 | 84.29 | 76.44 | 76.89 | 76.81 | 76.61 | 90.42 | 94.47 | 93.71 |
| CWIP | 0 | 0 | 0 | 44.02 | 44.02 | 44.02 | 44.02 | 0 | 0 | 0 | 0 | 0 |
| Investments | 42.63 | 46.26 | 64.16 | 65.89 | 81.37 | 69.96 | 89.93 | 148 | 177 | 175 | 223 | 150 |
| Other Assets | 209 | 211 | 121 | 76.33 | 74.39 | 90.62 | 101 | 132 | 82.76 | 131 | 73.31 | 62.79 |
| Total Assets | 294 | 301 | 271 | 271 | 284 | 281 | 312 | 356 | 337 | 397 | 391 | 306 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 8.88 | −19.46 | −27.09 | 4.15 | 10.23 | −9.31 | 22.72 | −6.14 | −13.74 | 39.24 | −32.81 | 0.83 |
| Investing | −17.91 | 17.45 | 33.63 | −4.11 | −4.42 | 17.01 | −12.62 | −10.02 | 9.16 | 17.23 | −18.28 | −0.22 |
| Financing | 11.75 | −2.46 | −4.99 | −0.07 | −3.65 | 0 | 0 | 0 | 4 | −4.57 | 0.24 | −0.36 |
| Net Cash Flow | 2.72 | −4.46 | 1.54 | −0.02 | 2.16 | 7.7 | 10.09 | −16.16 | −0.58 | 51.9 | −50.85 | 0.25 |
| Free Cash Flow | 4.81 | −20.43 | −27.16 | 5.23 | 11.82 | −13.46 | 22.59 | 37.7 | −13.79 | 38.36 | −37.77 | 0.7 |
| CFO/OP | 538 | −506 | −998 | 187 | 403 | −191 | 585 | −158 | −334 | 27,527 | −2,141 | 639 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 61 | 70.47 | 69.71 | 73.42 | 82.66 | 74.37 | 80.51 | 74.08 | 79.54 | 83.43 | 68.08 |
| Inventory Days | — | — | 2.07 | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | 26.37 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 0 | 61 | 46.17 | 69.71 | 73.42 | 82.66 | 74.37 | 80.51 | 74.08 | 79.54 | 83.43 | 68.08 |
| Working Capital Days | 1,218 | 658 | 1,203 | 640 | 522 | 500 | 500 | 949 | 465 | 346 | 236 | 155 |
| ROCE % | 2.67% | 3.33% | 2.33% | 3.06% | 2.35% | 3.47% | 3.69% | 5.53% | 2.66% | 0.96% | 1.53% | 0.82% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mercantile Ventures insights
52 extracted metrics across FY15–FY27.
Documents
- 14 Aug 2026
- 4 Aug 2025
- General announcements 7 Oct 2026
Frequently Asked Questions about Mercantile Ventures
What does Mercantile Ventures Ltd do?
Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services
Where is Mercantile Ventures Ltd (MERCANTILE) listed?
Mercantile Ventures Ltd trades as MERCANTILE on the NSE and under code 538942 on the BSE.
Which sector does Mercantile Ventures Ltd belong to?
Mercantile Ventures Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of Mercantile Ventures Ltd?
Mercantile Ventures Ltd trades at a PE ratio of 34.48 as of 4 Nov 2026, on earnings per share of ₹0.61, against a book value of ₹24.18 per share.
What is the 52-week high and low of Mercantile Ventures Ltd?
Over the last 52 weeks Mercantile Ventures Ltd has traded between ₹17.5 and ₹31.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mercantile Ventures Ltd?
Mercantile Ventures Ltd reported a return on equity of 1.97%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services
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