Mercury EV-Tech logo

Mercury EV-Tech

MERCURYEV NSE

Key Fundamentals

MicrocapCars & Utility VehiclesAutomobiles
Market Cap
₹817 Cr
Volatility
Moderate
P/E Ratio
167.44
EBITDA
₹5.27 Cr
Return on Equity
2.77%
Debt to Equity
0.02
Book Value
₹14.76
52W High
₹41.61
52W Low
₹30.16

Tapetide Score

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

Key Insights

Strengths

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

Weaknesses

5
  • Stock is trading at 2.84 times its book value
  • 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%

Growth Rate

Revenue Growth
9.65% lower than 3Y
Net Income Growth
-38.96% lower than 3Y
Cash Flow Change
-200% higher than 3Y
ROE
12.15% higher than 3Y
ROCE
54.78% lower than 3Y
EBITDA Margin (Avg.)
-60.74% higher than 3Y

Quarterly Results

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
1.65
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
0.01
0.08
0.11
0.39
0.22
0.25
Div. Payout %
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
—
Figures in ₹ Crores

Ratios

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

40 extracted metrics + investor summaries across FY20–FY26.

Log in — free

Shareholding Pattern

Govt.0.01%Promot.59.18%FIIs1.70%Others6.87%Public32.25%As ofJun 2026

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[1]
Where is Mercury EV-Tech Ltd (531357) 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 market capitalisation of Mercury EV-Tech Ltd?
Mercury EV-Tech Ltd has a market capitalisation of ₹816.5 Cr, which places it in the Small Cap band.
What is the PE ratio of Mercury EV-Tech Ltd?
Mercury EV-Tech Ltd trades at a PE ratio of 167.44, against a book value of ₹14.76 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 ₹30.16 and ₹41.61.
What is the Return on Equity (ROE) of Mercury EV-Tech Ltd?
Mercury EV-Tech Ltd reported a return on equity of 2.77%. Its debt-to-equity ratio is 0.02.

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[1]

Website mercurymetals.in
CEO Mr. Jayesh Raichandbhai Thakkar
Employees 129
Listed 2026-06-02
Face Value ₹ 1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/531357.md for Mercury EV-Tech Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Automobiles → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List