Mercury EV-Tech Ltd
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]
- Market Cap ₹ 798 Cr.
- Current Price ₹ 42.0
- High / Low ₹ 109 / 39.2
- Stock P/E 84.8
- Book Value ₹ 14.6
- Dividend Yield 0.00 %
- ROCE 5.15 %
- ROE 4.42 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.88 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 4.18% over last 3 years.
- Earnings include an other income of Rs.3.95 Cr.
- Company has high debtors of 157 days.
- Promoter holding has decreased over last 3 years: -3.38%
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1 | 16 | 22 | 90 | 108 | |
| 1 | 14 | 19 | 82 | 99 | |
| Operating Profit | 0 | 2 | 3 | 8 | 9 |
| OPM % | 24% | 10% | 13% | 9% | 9% |
| 0 | 0 | 0 | 3 | 4 | |
| Interest | -0 | 0 | 0 | 1 | 1 |
| Depreciation | -0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 2 | 3 | 10 | 11 |
| Tax % | 28% | 13% | 31% | 23% | |
| 0 | 1 | 2 | 8 | 9 | |
| EPS in Rs | 0.01 | 0.08 | 0.11 | 0.42 | 0.50 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 324% |
| TTM: | 454% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 225% |
| TTM: | 411% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 135% |
| 3 Years: | 87% |
| 1 Year: | -60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.70 | 17 | 18 | 19 |
| Reserves | 1 | 33 | 63 | 258 |
| -0 | 23 | 56 | 6 | |
| 0 | 4 | 14 | 53 | |
| Total Liabilities | 1 | 77 | 151 | 336 |
| -0 | 33 | 37 | 44 | |
| CWIP | -0 | 9 | 28 | 59 |
| Investments | -0 | -0 | -0 | -0 |
| 1 | 35 | 86 | 233 | |
| Total Assets | 1 | 77 | 151 | 336 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -0 | -14 | -15 | -44 | |
| 0 | -48 | -55 | -90 | |
| -0 | 70 | 61 | 139 | |
| Net Cash Flow | -0 | 8 | -8 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | -0 | 112 | 228 | 157 |
| Inventory Days | -0 | 227 | 154 | 228 |
| Days Payable | 91 | 177 | 104 | |
| Cash Conversion Cycle | -0 | 249 | 205 | 280 |
| Working Capital Days | 68 | 460 | 860 | 578 |
| ROCE % | 4% | 3% | 5% |
Documents
Announcements
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Board Meeting Intimation for Board Meeting To Be Held On 14.11.2025
11h - Board meeting on Nov 14, 2025 to approve unaudited results for quarter ended Sept 30, 2025.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
30 Oct - Charmy M. Joshi resigns as Company Secretary/Compliance Officer; last day Nov 24, 2025 (tendered Oct 30, 2025).
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Oct - RTA confirms Regulation 74(5) compliance for quarter ended September 30, 2025.
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Intimation Under Regulation 30 Of SEBI (LODR), Regulations 2015.
1 Oct - ROC approved 1 month 30 days extension to hold FY24-25 AGM, dated 22/09/2025.
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Announcement under Regulation 30 (LODR)-Change in Management Control
30 Sep - Appointed Riya Vinodbhai Sharma as independent director for five years from Sep 30, 2025 (subject to shareholders).
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
METL manufactures and trades Electronic Vehicles, related auto parts and accessories and other renewable energies related materials