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Mercury Ev-Tech Limited MERCURYEV NSE

Consumer Cyclical · Auto Manufacturers · India
https://mercuryevtech.com
Company Profile ↓
₹32.04
-11.32% 1Y
Mkt Cap₹608.67 Cr
P/E133.50
P/B2.53
52W High₹41.86
52W Low₹30.77
Book Value₹14.61
EPS (TTM)₹0.24

Company Overview

Mercury Ev-Tech Limited manufactures and trades electronic vehicles and other related parts in India. It offers electric cars, two-wheelers, commercial vehicles, and industrial fleets. 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 +46.3%, earnings +22.4%.
  • 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:46.30%

Compounded Profit Growth

5 Years:46.56%
1 Year:22.40%

Stock Price Performance

1 Year:-11.32%
6 Months:-
3 Months:-9.57%
1 Month:-16.06%

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 ₹41.86
Trend Signals
  • Price vs 50-DMABelow
  • RSI (14)35.26 · Neutral
Price Performance
1M-16.06%
3M-9.57%
1Y-11.32%
Valuation vs Sector

P/E of 133.50 is above the sector median of 25.02 — 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 133.5.

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

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Valuation

Stock P/E
133.50
Industry PE
25.02
Forward P/E est.
109.07
PEG Ratio
-
Book Value
₹14.61
Price to Book
2.53
P/S
5.92
EV/EBITDA
73.90
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
87.01%
Profit 5Y
46.56%
Revenue (YoY)
46.30%
Earnings (YoY)
22.40%

Profitability & Returns

ROCE
2.47%
ROE
3.09%
ROA
1.23%
Profit Margin
3.64%
Op Margin
7.92%
Gross Margin
28.73%
EPS (Latest Qtr)
₹0.02
EPS (TTM)
₹0.24

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
61.06%
Chg in Prom Hold
-3.81%
FII / Inst Holding
0.00%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
₹608.67 Cr
Total Revenue (TTM)
₹118.61 Cr
EBITDA
₹12.15 Cr
Free Cash Flow
₹-55.36 Cr
Operating Cash Flow
₹-31.65 Cr
Shares Outstanding
₹19.00 Cr
Gross Margin
28.73%
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 32.04 133.50 ₹608.67 Cr 0.00% 2.47% 3.09% 87.01% 46.56%
2 TITAN Titan Company Limited NIFTY50NSE 4,476.30 68.99 ₹3.97 L Cr 0.34% 38.43% 32.31% 29.24% 16.00%
3 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 11,672.00 25.60 ₹3.67 L Cr 1.22% 17.22% 13.70% 15.90% 21.11%
4 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 2,868.80 17.18 ₹3.44 L Cr 1.20% 17.14% 18.37% 17.50% 18.48%
5 ETERNAL Eternal Limited NSEAITECH 344.00 731.91 ₹3.17 L Cr 0.00% 2.86% 1.18% 97.70% 45.90%
6 BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE 10,339.00 24.59 ₹2.84 L Cr 1.52% 26.12% 27.67% 19.49% 21.03%
7 TVSMOTOR TVS Motor Company Limited NSE 4,213.00 58.39 ₹2.00 L Cr 0.31% 28.82% 31.56% 20.21% 31.46%
8 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,213.00 34.32 ₹1.98 L Cr 1.21% 26.43% 21.97% 17.47% 23.70%
9 MOTHERSON Samvardhana Motherson International Limited NSEAI 159.00 36.81 ₹1.69 L Cr 0.31% 11.50% 9.42% 17.10% 37.17%
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
61.06%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

Recent headlines for MERCURYEV

Google News Sat, 31 Oct 2026

Mercury Ev-Tech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026 - www.marketscreener.com

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Google News ue, 02 Jun 2026

MERCURYEV Stock Price and Chart — NSE:MERCURYEV - TradingView

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Google News Sat, 31 Oct 2026

Mercury Ev-Tech Q2 Results: Standalone Revenue at Rs 24.13 Crore Reported - Whalesbook

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Google News hu, 10 Sep 2026

Mercury EV-Tech promoter group entity sells 20 lakh shares - scanx.trade

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Google News Sat, 31 Oct 2026

Mercury Ev-Tech Q2 Results FY27: Profit Falls 29.07%, Revenue Rs 30.09 Cr, PAT Rs 1.22 Cr - Univest

<a href="https://news.google.com/rss/articles/CBMid0FVX3lxTE52b1V4SC1yeDN5eDY0UmFIT2s4OXdQOHBWcV8yZXNIbXlJTW1KWEdFTkcwWXM0a0pza2dWVHN6SkRBNzVacjZ2YjJLLU1hYmxXVEtndTVLT08zZ05sMlo3YkJBTXU4ai1qOTdabWRqMGw1eWRtRjhR?oc=5" target="_blank">Mercury…

Google News Sat, 03 Jan 2026

Mercury Ev-Tech Ltd. Share Price Today - Mercury Ev-Tech Ltd. Stock Price Live NSE/BSE - CNBC TV18

<a href="https://news.google.com/rss/articles/CBMihAFBVV95cUxNTHh4NkRQY1VuQkFJMEtkWVFBaDk0TE50RjhMcmR0T3ItRTZ3QmR0dWx0WTFLMXN1em9JT0FweEU0X2NCSWw0cFhGX0VFSGdseTRMQUh2WF9rRURLUEpQWVJmOFpPelhCRWluOWtaaWxndGJrTWVCdmNaeURDNEl5RVlkTE8?oc=5" targ…

MERCURYEV — Frequently Asked Questions

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

As of 2026-11-04 05:56 IST, Mercury Ev-Tech Limited (MERCURYEV) trades at ₹32.04 on NSE. Its 52-week range is ₹30.77 to ₹41.86.

What is the market capitalisation of MERCURYEV?

Mercury Ev-Tech Limited (MERCURYEV) has a market capitalisation of ₹608.67 Cr on NSE.

What is the P/E ratio of MERCURYEV?

MERCURYEV trades at a trailing price-to-earnings (P/E) ratio of 133.50. The industry average P/E is 25.02. Its price-to-book (P/B) ratio is 2.53.

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

MERCURYEV has a return on equity (ROE) of 3.09%. 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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