₹35.5
▼ -0.92 -2.53%
17 Jul 2026
NSE Listed
ESM 1Mercury EV-Tech Limited (MERCURYEV)
Volume: 1,27,187Avg Vol 1W: 1,49,096.8Avg Vol 1M: 1,34,183.752W Range:₹30.16₹38.49
Key Ratios
Checked 6h agoMarket Cap₹692 Cr
Current Price₹35.5
Previous Close₹36.42
High / Low (52w)₹38.49 / ₹30.16
Volume1,27,187
Avg Vol (1W)1,49,096.8
Avg Vol (1M)1,34,183.7
Stock P/E165.55
Book Value₹14.76
Dividend Yield0%
ROE314.7%
ROA122.7%
Revenue (TTM)₹93 Cr
Revenue Growth—
Profit Margin409.5%
Total Debt—
Shares Outstanding19 Cr
Face Value₹1
EPS (TTM)₹0.22
P/B2.44
Debt / Equity0.17
50 DMA₹34.35
200 DMA₹34.35
Day change-2.53%
SurveillanceESM 1 (as of 2026-07-13)
Price Chart
₹35.5▼ 1.74% · 1Y
2026-06-022026-07-16
20-day avg volume: 1.3L shares
Pros
- Healthy return on equity of 314.7%.
- Company is almost debt-free.
Cons
- Revenue fell 99% YoY.
- Company is loss-making at the latest annual result.
- Stock trades at a high P/E of 166.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4 Cr | ₹19 Cr | ₹36 Cr | ₹31 Cr | ₹23 Cr | ₹34 Cr | ₹25 Cr | ₹20 Cr |
| EBITDA | ₹1 Cr | ₹2 Cr | ₹6 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Net Profit | ₹0 Cr | ₹2 Cr | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹16 Cr | ₹23 Cr | ₹93 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹3 Cr | ₹11 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹7 Cr |
| EPS | -0.19 | -0.13 | 0.33 | 0.08 | 0.11 | 0.41 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹77 Cr | ₹151 Cr | ₹336 Cr |
| Total Liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹27 Cr | ₹70 Cr | ₹57 Cr |
| Equity | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹50 Cr | ₹81 Cr | ₹278 Cr |
| Total Debt | ₹0 Cr | ₹0 Cr | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹1 Cr | ₹0 Cr | ₹-14 Cr | ₹-14 Cr | ₹-43 Cr |
| Investing | ₹0 Cr | ₹0 Cr | ₹-48 Cr | ₹-55 Cr | ₹-90 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹70 Cr | ₹61 Cr | ₹139 Cr |
| Free Cash Flow | ₹1 Cr | ₹0 Cr | ₹-14 Cr | ₹-14 Cr | ₹-43 Cr |
Shareholding
Promoter 59.18% Institutions 1.7% Public 39.13%
Efficiency & Working Capital
ROCE4.4%
Interest Coverage12.3
Dividend Payout—
Debtor Days157 d
Inventory Days177 d
Payable Days81 d
Cash Conversion Cycle253 d
Working Capital Days334 d
Shareholding Details
As of 2026-06-30
Promoter59.2%
FII1.7%
DII0%
Institutions1.7%
Public39.1%
Promoter Pledge0%
No. of Shareholders77,281
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2024 | Nov 2024 | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | May 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.1% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% |
| FIIs | 0.2% | 1.7% | 1.7% | 1.7% | 1.9% | 1.9% | 1.9% | 2.7% | 2.4% | 1.7% | 1.7% | 1.7% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 37.7% | 39.1% | 39.1% | 39.1% | 38.9% | 38.9% | 38.9% | 38.1% | 38.4% | 39.1% | 39.1% | 39.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 47,757 | 47,796 | 47,796 | 58,187 | 62,900 | 67,991 | 75,130 | 75,914 | 76,425 | 77,282 | 77,282 | 77,281 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Shree Saibaba Exim Private Limited | Shareholding of Promoter and Promoter Group | 22.6% | 4.30 Cr |
| Raghuvir International Private Limited | Shareholding of Promoter and Promoter Group | 22% | 4.17 Cr |
| Tartiben Jayeshbhai Thakkar | Shareholding of Promoter and Promoter Group | 14.6% | 2.77 Cr |
| Forbes Emf | Public Shareholding | 1.6% | 30,00,000 |
| Sumit P Desai (huf) | Public Shareholding | 1.5% | 29,06,000 |
| Kavit Jayeshbhai Thakkar | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Kavit Jayeshbhai Thakkar | 0 | 0% | 2026-06-01 |
| Tartiben Jayeshbhai Thakkar | 0 | 0% | 2026-06-01 |
| Shree Saibaba Exim Private Limited | 0 | 0% | 2026-06-01 |
| Raghuvir International Private Limited | 0 | 0% | 2026-06-01 |
| Forbes Emf | 0 | 0% | 2026-06-01 |
| Sumit P Desai (huf) | 0 | 0% | 2026-06-01 |
| Kavit Jayeshbhai Thakkar | 0 | 0% | 2026-05-22 |
| Artiben Jayeshbhai Thakkar | 0 | 0% | 2026-05-22 |
| Shree Saibaba Exim Private Limited | 0 | 0% | 2026-05-22 |
| Raghuvir International Private Limited | 0 | 0% | 2026-05-22 |
| Forbes EMF | 0 | 0% | 2026-05-22 |
| Sumit P Desai (HUF) | 0 | 0% | 2026-05-22 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Jayesh Thakkar | Chairman & Managing Director | 2025 |
| Riya Vinodbhai Sharma | Independent Director | 2025 |
| Dineshkumar Sinha | Independent Director | 2025 |
| Sachin Wagh | Independent Director | 2025 |
| Mr. Ajay Ramkrishna Shukla | Independent Director | 2025 |
| Darshankumar Shah | Executive Director | 2025 |
| LALIT VITTHAL WAANKHEDE | Non-Exec & Non-Independent Dir | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Metal | ₹1 Cr | 100% |
| Shares | ₹0 Cr | 0% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹1 | 48 | 19 | 19 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 28 | 0 | 0 | 0 | 186 | 215 |
| 2025 | 27 | 0 | 0 | 0 | 169 | 195 |
| 2025 | 2 | 0 | 0 | 0 | 1 | 3 |
Insider / Designated-Person Trades
12 recent disclosure(s)
RAGHUVIR INTERNATIONAL PRIVATE LIMITEDAcquisition · 14,75,000
SHREE SAIBABA EXIM PRIVATE LIMITEDAcquisition · 19,25,000
Kavit Jayeshbhai ThakkarDisposal · 2,70,31,364
Artiben Jayeshbhai ThakkarAcquisition · 2,70,31,364
Raghuvir International Private LimitedAcquisition · 18,30,000
Shree Saibaba Exim Private LimitedAcquisition · 28,00,000
Substantial Acquisitions (SAST)
7 disclosure(s)
Pref. Allotment07/11/2024 · 19,25,000
Pref. Allotment07/11/2024 · 14,75,000
Inter-se Transfer / Gift15/02/2024 · 2,70,31,364
Inter-se Transfer / Gift15/02/2024 · 2,70,31,364
Pref. Allotment05/01/2024 · 28,00,000
Pref. Allotment05/01/2024 · 18,30,000
Company Information
Incorporated1986
ChairmanJayesh Thakkar
AuditorM Sahu & Co/Tejas K. Soni
Investor Email[email protected]
📍 36 Advani Market, O/s Delhi Gate Shahibaug, Ahmedabad, Gujarat, 380004
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