Mercury EV-Tech Ltd

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

₹ 38.7 3.56%
26 Aug 3:31 p.m.
mercurymetals.in BSE: 531357 NSE: MERCURYEV
About

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]

Key Points

Business Overview:[1]
METL manufactures and trades Electronic Vehicles, related auto parts and accessories and other renewable energies related materials

Website BSE NSE
  • Market Cap ₹ 740 Cr.
  • Current Price ₹ 38.7
  • High / Low ₹ 56.0 / 20.0
  • Stock P/E 162
  • Book Value ₹ 14.8
  • Dividend Yield 0.00 %
  • ROCE 2.64 %
  • ROE 1.51 %
  • Face Value ₹ 1.00
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Pros

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

Cons

  • Stock is trading at 2.62 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%

* 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

Consumer Discretionary Automobile and Auto Components Automobiles Passenger Cars & Utility Vehicles

Part of BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
7.25 5.52 4.58 5.57 3.87 19.48 35.60 30.68 22.57 34.01 25.29 20.21 33.38
6.27 4.90 3.61 5.19 2.97 17.46 29.53 31.55 20.45 31.00 22.91 22.55 30.12
Operating Profit 0.98 0.62 0.97 0.38 0.90 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%
0.00 0.50 0.00 0.00 0.00 0.40 0.18 2.87 0.50 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 0.20 0.39 0.73
Depreciation 0.06 0.08 0.12 0.08 0.17 0.21 0.16 0.22 0.30 1.22 1.00 1.13 0.94
Profit before tax 0.91 0.90 0.73 0.35 0.66 2.13 5.78 1.37 2.19 2.35 1.20 0.85 1.95
Tax % 18.68% 34.44% 27.40% 31.43% 25.76% 24.88% 25.95% 2.92% 25.57% 21.70% 37.50% 80.00% 20.00%
0.75 0.59 0.53 0.23 0.49 1.60 4.28 1.55 1.27 1.72 0.89 0.30 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
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1 16 22 89 102 113
1 14 19 81 97 107
Operating Profit 0 2 3 8 5 6
OPM % 24% 10% 13% 9% 5% 6%
0 0 0 3 6 6
Interest 0 0 0 1 1 1
Depreciation 0 0 0 1 4 4
Profit before tax 0 2 3 10 7 6
Tax % 28% 13% 31% 23% 34%
0 1 2 8 4 5
EPS in Rs 0.01 0.08 0.11 0.39 0.22 0.25
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 85%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 45%
TTM: -48%
Stock Price CAGR
10 Years: 60%
5 Years: 126%
3 Years: 4%
1 Year: -22%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.70 17 18 19 19
Reserves 1 33 63 258 261
0 23 56 6 7
0 4 14 53 70
Total Liabilities 1 77 151 336 358
0 33 37 44 92
CWIP 0 9 43 59 28
Investments 0 0 0 0 0
1 35 71 233 238
Total Assets 1 77 151 336 358

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 -14 -15 -44
0 -48 -55 -90
0 70 61 139
Net Cash Flow -0 8 -8 5
Free Cash Flow -0 -56 -38 -67
CFO/OP -129% -860% -493% -533%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Permanent Employees
number ・Standalone data

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Distribution Network (Dealers / Showrooms)
number ・Standalone data
Number of Product Models
number ・Standalone data
2-Wheeler Vehicle Manufacturing Capacity
units/year ・Standalone data
3-Wheeler Vehicle Manufacturing Capacity
units/year ・Standalone data
Battery Manufacturing Capacity
GW ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
62.56% 62.10% 62.10% 62.10% 62.10% 59.17% 59.17% 59.17% 59.17% 59.17% 59.17% 59.17%
0.00% 0.00% 0.00% 0.00% 0.16% 1.69% 1.92% 1.90% 1.90% 2.68% 2.44% 1.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01%
37.45% 37.90% 37.88% 37.91% 37.73% 39.13% 38.91% 38.92% 38.92% 38.14% 38.37% 39.10%
No. of Shareholders 25,04840,84444,18545,30947,75758,18762,90067,99175,70775,91476,42575,062

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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