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Mercury Ev-Tech Limited MERCURYEV NSE

Consumer Cyclical · Auto Manufacturers · India
https://mercuryevtech.com
Company Profile ↓
₹31.38
-13.15% 1Y
Mkt Cap₹596.14 Cr
P/E79.64
P/B2.22
52W High₹36.13
52W Low₹30.77
Book Value₹14.61
EPS (TTM)₹0.39

Company Overview

Mercury Ev-Tech Limited manufactures and trades electronic vehicles and other related renewable energy products in India. It electric cars, electric rikshaw, electric carts, electric vans, electric cycles, electric scooters, electric buses and other battery powered and electric vehicle. The company was formerly known as Mercury Metals Limited and changed its name to Mercury Ev-Tech Limited in March 2023. Mercury Ev-Tech Limited was incorporated in 1986 and is based in Vadodara, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 46.6% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 87.0% CAGR over the past five years.

Recent Developments

  • Mar 2026 Revenue of ₹102.07 Cr (+13.9% YoY); net profit ₹4.39 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +13.9%, earnings -43.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR 87.0%, profit CAGR 46.6%.

Growth & Price Performance

Compounded Sales Growth

5 Years:87.01%
1 Year:13.88%

Compounded Profit Growth

5 Years:46.56%
1 Year:-43.00%

Stock Price Performance

1 Year:-13.15%
6 Months:-
3 Months:-
1 Month:-

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot
52-Week Range 11% of range
₹30.77 ₹36.13
Price Performance
1Y-13.15%
Valuation vs Sector

P/E of 79.64 is above the sector median of 29.95 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 87.0% over 5 years.
  • Profit CAGR of 46.6% over 5 years.

CONS

  • Trading at a high P/E of 79.6.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
79.64
Industry PE
29.95
Forward P/E est.
139.72
PEG Ratio
-
Book Value
₹14.61
Price to Book
2.22
P/S
5.01
EV/EBITDA
65.09
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
87.01%
Profit 5Y
46.56%
Revenue (YoY)
13.88%
Earnings (YoY)
-43.00%

Profitability & Returns

ROCE
2.47%
ROE
1.58%
ROA
1.23%
Profit Margin
4.30%
Op Margin
2.52%
Gross Margin
27.53%
EPS (Latest Qtr)
₹0.02
EPS (TTM)
₹0.39

Balance Sheet & Liquidity

Debt/Equity
1.80
Quick Ratio
2.95
Current Ratio
4.32
Debt
₹5.00 Cr
Total Assets
₹357.00 Cr
Current Assets
₹225.71 Cr
Working Capital
₹173.50 Cr

Ownership

Promoter Holding
62.29%
Chg in Prom Hold
0.00%
FII / Inst Holding
0.00%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
₹596.14 Cr
Total Revenue (TTM)
₹102.07 Cr
EBITDA
₹11.18 Cr
Free Cash Flow
₹-55.36 Cr
Operating Cash Flow
₹-31.65 Cr
Shares Outstanding
₹19.00 Cr
Gross Margin
27.53%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MERCURYEV Mercury Ev-Tech Limited NSE 31.38 79.64 ₹596.14 Cr 0.00% 2.47% 1.58% 87.01% 46.56%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,805.00 29.93 ₹4.34 L Cr 1.05% 17.22% 13.70% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,134.30 27.24 ₹3.90 L Cr 1.08% 17.26% 18.37% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,283.50 74.90 ₹3.80 L Cr 0.26% 38.43% 32.31% 23.83% 16.00%
5 BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE 9,943.00 25.87 ₹2.78 L Cr 1.49% 26.12% 27.67% 19.49% 21.03%
6 ETERNAL Eternal Limited NSEAITECH 252.00 646.15 ₹2.43 L Cr 0.00% 2.87% 1.18% 97.70% 45.90%
7 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,624.50 44.23 ₹2.09 L Cr 0.96% 26.43% 21.97% 17.47% 23.70%
8 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 2,030.10 30.37 ₹1.65 L Cr 1.06% 32.62% 27.14% 5.50% 4.87%
9 TVSMOTOR TVS Motor Company Limited NSE 3,459.50 54.45 ₹1.64 L Cr 0.36% 28.86% 31.56% 26.91% 31.46%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --30.68 Cr22.57 Cr34.01 Cr25.29 Cr20.21 Cr
Cost of Revenue --26.70 Cr15.11 Cr24.79 Cr17.20 Cr16.70 Cr
Gross Profit --3.99 Cr7.45 Cr9.22 Cr8.08 Cr3.51 Cr
Operating Expenses --5.08 Cr5.63 Cr7.43 Cr6.70 Cr6.38 Cr
Operating Income ---1.09 Cr1.82 Cr1.80 Cr1.39 Cr-2.86 Cr
EBITDA --1.99 Cr2.62 Cr3.65 Cr2.40 Cr2.97 Cr
Interest Expense --40.09 L13.31 L8.13 L20.12 L98.97 L
Pretax Income --1.37 Cr2.19 Cr2.35 Cr1.20 Cr85.18 L
Tax Provision --3.92 L56.23 L50.71 L45.22 L69.58 L
Net Income --1.33 Cr1.63 Cr1.72 Cr89.10 L16.50 L
Diluted EPS --0.000.070.090.050.02

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -15.61 Cr22.02 Cr89.64 Cr102.07 Cr
Cost of Revenue -11.93 Cr15.83 Cr69.82 Cr73.98 Cr
Gross Profit -3.68 Cr6.19 Cr19.82 Cr28.10 Cr
Operating Expenses -2.09 Cr3.60 Cr12.46 Cr25.53 Cr
Operating Income -1.59 Cr2.59 Cr7.36 Cr2.57 Cr
EBITDA -1.69 Cr3.42 Cr11.57 Cr11.18 Cr
Interest Expense -1.74 L20.58 L87.17 L94.21 L
Pretax Income -1.60 Cr2.89 Cr9.94 Cr6.59 Cr
Tax Provision -21.13 L89.53 L2.25 Cr2.20 Cr
Net Income -1.39 Cr1.99 Cr7.70 Cr4.39 Cr
Diluted EPS 0.120.080.110.39-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -76.95 Cr150.60 Cr335.57 Cr357.00 Cr
Current Assets -33.30 Cr69.01 Cr229.50 Cr225.71 Cr
Cash & Equivalents -9.08 Cr91.56 L6.05 Cr4.51 Cr
Inventory -7.38 Cr6.66 Cr43.52 Cr71.93 Cr
Receivables -4.96 Cr13.74 Cr38.53 Cr47.25 Cr
Total Liabilities -26.86 Cr69.91 Cr57.34 Cr77.86 Cr
Current Liabilities -3.91 Cr16.22 Cr31.87 Cr52.21 Cr
Long Term Debt -22.78 Cr53.53 Cr3.81 Cr2.90 Cr
Total Debt -22.93 Cr55.54 Cr5.52 Cr5.00 Cr
Total Equity -49.99 Cr80.69 Cr276.87 Cr277.62 Cr
Shares Outstanding -16.69 Cr17.55 Cr19.00 Cr19.00 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --14.08 Cr-14.61 Cr-43.83 Cr-31.65 Cr
Investing Cash Flow --47.93 Cr-54.64 Cr-90.13 Cr19.23 Cr
Financing Cash Flow -70.34 Cr61.08 Cr139.09 Cr11.28 Cr
Capital Expenditure --42.05 Cr-22.96 Cr-22.83 Cr-23.71 Cr
Free Cash Flow --56.13 Cr-37.56 Cr-66.66 Cr-55.36 Cr
Net Change in Cash -8.33 Cr-8.16 Cr5.13 Cr-1.14 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -23.6%28.1%22.1%27.5%
Operating Margin % -10.2%11.8%8.2%2.5%
Net Margin % -8.9%9.0%8.6%4.3%
ROE % -2.8%2.5%2.8%1.6%
ROCE % -2.2%1.9%2.4%0.8%

Shareholding Pattern

Insiders
62.29%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

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MERCURYEV — Frequently Asked Questions

What is the current share price of Mercury Ev-Tech Limited (MERCURYEV)?

As of 2026-06-16 04:32 IST, Mercury Ev-Tech Limited (MERCURYEV) trades at ₹31.38 on NSE. Its 52-week range is ₹30.77 to ₹36.13.

What is the market capitalisation of MERCURYEV?

Mercury Ev-Tech Limited (MERCURYEV) has a market capitalisation of ₹596.14 Cr on NSE.

What is the P/E ratio of MERCURYEV?

MERCURYEV trades at a trailing price-to-earnings (P/E) ratio of 79.64. The industry average P/E is 29.95. Its price-to-book (P/B) ratio is 2.22.

What is the return on equity (ROE) of MERCURYEV?

MERCURYEV has a return on equity (ROE) of 1.58%. Its return on capital employed (ROCE) is 2.47%.

Is MERCURYEV a good stock to buy?

This page provides a data-driven analysis of Mercury Ev-Tech Limited (MERCURYEV), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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