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 ₹ 907 Cr.
- Current Price ₹ 47.7
- High / Low ₹ 139 / 45.0
- Stock P/E 96.4
- 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 3.27 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: -5.92%
* 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: | % |
5 Years: | 141% |
3 Years: | 64% |
1 Year: | -51% |
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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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Grant Of License
8 Sep - ICAT approval (08 Sep 2025) to manufacture MUSHAK EV 4W goods carrier; GVM 2085kg, 2-seat, 69 KMPH.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
4 Sep - Board applied for three-month extension to hold 39th AGM; CMD unavailable due to health.
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Board Meeting Outcome for Outcome Of Board Meeting Held On September 04, 2025
4 Sep - Board applied for three-month extension to hold 39th AGM; CMD unavailable due to health.
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Business Update
28 Aug - Met KEMA at GCCI on Aug 28, 2025 to discuss EV two-wheelers and lithium-ion battery technology transfer.
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Intimation Under Regulation 30 Of SEBI(LODR) Regulations,2015
16 Aug - NCLT reserved final orders on Scheme of Arrangement between EV Nest and Mercury Ev-Tech.
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