Mercury EV-Tech Ltd

Mercury EV-Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mercury EV-Tech Ltd

₹ 75.0 1.23%
09 May 2:51 p.m.
mercurymetals.in BSE: 531357
About

Company is into manufacturing of Electric Vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.[1]

Key Points

New Business:[1]
Company manufactures Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and other Electric Vehicles in India. It develops custom electric vehicles for applications in sectors viz. hospitality, industry, golf courses, Club and Resorts etc.

Website BSE
  • Market Cap ₹ 1,317 Cr.
  • Current Price ₹ 75.0
  • High / Low ₹ 144 / 17.8
  • Stock P/E 577
  • Book Value ₹ 2.91
  • Dividend Yield 0.00 %
  • ROCE 3.00 %
  • ROE 3.45 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 24.6 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 3.66% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 176 days.
  • Working capital days have increased from 485 days to 1,375 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - Passenger Cars

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.03 0.49 0.34 0.02 0.35 1.70 2.91 2.01 6.80 6.35 4.15 4.09
0.01 0.04 0.53 0.35 0.02 0.01 1.68 2.83 1.57 6.22 5.39 3.55 3.29
Operating Profit -0.01 -0.01 -0.04 -0.01 0.00 0.34 0.02 0.08 0.44 0.58 0.96 0.60 0.80
OPM % -33.33% -8.16% -2.94% 0.00% 97.14% 1.18% 2.75% 21.89% 8.53% 15.12% 14.46% 19.56%
0.02 0.03 0.01 0.01 0.00 0.02 0.00 0.00 0.00 0.04 0.00 0.50 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.14 0.12
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.04 0.04 0.09
Profit before tax 0.01 0.02 -0.03 0.00 0.00 0.36 0.02 0.08 0.42 0.58 0.91 0.92 0.59
Tax % 0.00% 0.00% 0.00% 25.00% 0.00% 25.00% 26.19% 13.79% 17.58% 17.39% 50.85%
0.01 0.02 -0.03 0.00 0.00 0.27 0.01 0.06 0.31 0.50 0.74 0.75 0.29
EPS in Rs 0.00 0.00 -0.00 0.00 0.00 0.02 0.00 0.00 0.02 0.03 0.04 0.04 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1.01 0.00 0.48 0.77 0.41 0.15 0.68 0.83 0.00 1.15 1.18 13.42 21.39
1.35 0.05 0.54 0.75 0.52 0.22 0.85 0.95 0.14 1.27 0.90 12.30 18.45
Operating Profit -0.34 -0.05 -0.06 0.02 -0.11 -0.07 -0.17 -0.12 -0.14 -0.12 0.28 1.12 2.94
OPM % -33.66% -12.50% 2.60% -26.83% -46.67% -25.00% -14.46% -10.43% 23.73% 8.35% 13.74%
0.59 0.00 -2.06 0.01 0.00 0.00 -0.09 0.00 0.01 0.03 0.04 0.04 0.54
Interest 2.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.28
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.20
Profit before tax -1.82 -0.05 -2.12 0.03 -0.11 -0.07 -0.26 -0.12 -0.13 -0.09 0.32 1.09 3.00
Tax % 0.00% 0.00% 0.00% 33.33% 0.00% 0.00% 0.00% 0.00% 7.69% 0.00% 28.12% 19.27%
-1.82 -0.05 -2.12 0.02 -0.11 -0.07 -0.26 -0.12 -0.13 -0.09 0.23 0.88 2.28
EPS in Rs -0.11 -0.00 -0.13 0.00 -0.01 -0.00 -0.02 -0.01 -0.01 -0.01 0.01 0.05 0.13
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 82%
3 Years: %
TTM: 207%
Compounded Profit Growth
10 Years: 35%
5 Years: 48%
3 Years: 106%
TTM: 251%
Stock Price CAGR
10 Years: 47%
5 Years: %
3 Years: 371%
1 Year: 285%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7.47 7.47 7.47 7.47 0.70 0.70 0.70 0.70 0.70 0.70 0.70 16.69 16.69
Reserves -6.36 -6.41 -8.52 -4.52 2.14 1.19 0.76 0.65 0.51 0.42 0.66 32.95 34.33
3.99 3.99 3.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.30 32.83
0.36 0.01 0.08 0.02 0.02 0.12 0.35 0.02 0.02 0.01 0.12 3.76 7.61
Total Liabilities 5.46 5.06 3.02 2.97 2.86 2.01 1.81 1.37 1.23 1.13 1.48 75.70 91.46
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.11 2.09
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.72 14.69
Investments 0.30 0.30 0.30 0.30 0.30 0.46 0.00 0.01 0.00 0.00 0.00 0.02 0.02
5.16 4.76 2.72 2.67 2.56 1.55 1.81 1.36 1.23 1.13 1.48 64.85 74.66
Total Assets 5.46 5.06 3.02 2.97 2.86 2.01 1.81 1.37 1.23 1.13 1.48 75.70 91.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.68 -0.06 0.00 0.00 -0.01 0.01 -0.19 0.00 -0.02 1.03 -0.36 -14.81
0.50 0.00 0.00 0.00 0.00 0.00 0.21 0.00 0.00 0.00 0.04 -46.38
-1.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.42
Net Cash Flow -0.05 -0.06 0.00 0.01 -0.01 0.01 0.03 0.00 -0.02 1.03 -0.32 8.22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1,387.72 1,110.21 71.10 0.00 267.67 365.00 109.94 0.00 0.00 176.24
Inventory Days 383.72 997.67 645.36 1,113.25 839.50 0.00 0.00 0.00 0.00 218.71
Days Payable 112.31 64.89 0.00 0.00 401.50 106.99
Cash Conversion Cycle 1,659.13 2,042.99 716.47 1,113.25 705.67 365.00 109.94 0.00 0.00 287.96
Working Capital Days 1,705.74 1,984.69 1,241.95 2,243.41 3,382.33 746.10 558.49 12.70 68.05 1,375.14
ROCE % -4.40% -0.99% -1.50% 1.02% -3.80% -2.96% -10.15% -8.54% -10.16% -7.73% 25.81% 3.00%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.78% 49.78% 49.78% 65.10% 65.10% 62.56% 62.56% 62.56% 62.56% 62.56% 62.10% 62.10%
50.22% 50.22% 50.22% 34.90% 34.90% 37.43% 37.43% 37.43% 37.44% 37.45% 37.90% 37.88%
No. of Shareholders 6,5656,5696,5676,5486,5499,85112,72714,34020,95425,04840,84444,185

Documents

Announcements

Annual reports