₹31.47
▼ -0.12 -0.38%
As of 23 Oct 2026 · delayed
NSE Listed
Mercury EV-Tech Limited (MERCURYEV)
Volume: 2,21,087Avg Vol 1W: 1,57,840.6Avg Vol 1M: 1,73,635.952W Range:₹29.75₹44.05
Key Ratios
Checked 5h agoMarket Cap₹600 Cr
Current Price₹31.47
Previous Close₹31.59
High / Low (52w)₹44.05 / ₹29.75
Volume2,21,087
Avg Vol (1W)1,57,840.6
Avg Vol (1M)1,73,635.9
Stock P/E131.63
Book Value₹10.14
Dividend Yield0%
ROE314.7%
ROA120.8%
Revenue (TTM)₹108 Cr
Revenue Growth—
Profit Margin403.9%
Total Debt—
Shares Outstanding19 Cr
Face Value₹1
EPS (TTM)₹0.24
P/B3.12
Debt / Equity0.05
50 DMA₹37.69
200 DMA₹36.11
Day change-0.38%
Price Chart
₹31.47▼ 12.90% · 1Y
2026-06-022026-10-23
20-day avg volume: 1.7L 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 132.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹19 Cr | ₹36 Cr | ₹31 Cr | ₹23 Cr | ₹34 Cr | ₹25 Cr | ₹20 Cr | ₹33 Cr |
| EBITDA | ₹2 Cr | ₹6 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr |
| Net Profit | ₹2 Cr | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹20 Cr | ₹93 Cr | ₹5 Cr | ₹15 Cr | ₹11 Cr | ₹14 Cr | ₹108 Cr | ₹21 Cr |
| EBITDA | ₹1 Cr | ₹11 Cr | ₹0 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹7 Cr | ₹2 Cr |
| Net Profit | ₹1 Cr | ₹8 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹1 Cr |
| EPS | — | 0.41 | — | — | — | — | 0.22 | — |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹77 Cr | ₹151 Cr | ₹336 Cr | ₹357 Cr |
| Total Liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹27 Cr | ₹70 Cr | ₹57 Cr | ₹78 Cr |
| Equity | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹50 Cr | ₹81 Cr | ₹278 Cr | ₹279 Cr |
| Total Debt | ₹0 Cr | ₹0 Cr | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹1 Cr | ₹0 Cr | ₹-14 Cr | ₹-14 Cr | ₹-43 Cr | ₹-32 Cr |
| Investing | ₹0 Cr | ₹0 Cr | ₹-48 Cr | ₹-55 Cr | ₹-90 Cr | ₹19 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹70 Cr | ₹61 Cr | ₹139 Cr | ₹11 Cr |
| Free Cash Flow | ₹1 Cr | ₹0 Cr | ₹-14 Cr | ₹-14 Cr | ₹-43 Cr | ₹-32 Cr |
Shareholding
Promoter 55.36% Institutions 0.57% Public 44.07%
Efficiency & Working Capital
ROCE4.4%
Interest Coverage9.1
Dividend Payout—
Debtor Days186 d
Inventory Days256 d
Payable Days76 d
Cash Conversion Cycle365 d
Working Capital Days442 d
Shareholding Details
As of 2026-09-30
Promoter55.4%
FII0.6%
DII0%
Institutions0.6%
Public44.1%
Promoter Pledge0%
No. of Shareholders74,700
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Nov 2024 | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | May 2026 | May 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 59.2% | 55.4% |
| FIIs | 1.7% | 1.7% | 1.7% | 1.9% | 1.9% | 1.9% | 2.7% | 2.4% | 1.7% | 1.7% | 1.7% | 0.6% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 39.1% | 39.1% | 39.1% | 38.9% | 38.9% | 38.9% | 38.1% | 38.4% | 39.1% | 39.1% | 39.1% | 44.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 47,796 | 47,796 | 58,187 | 62,900 | 67,991 | 75,130 | 75,914 | 76,425 | 77,282 | 77,282 | 75,062 | 74,700 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Raghuvir International Private Limited | Shareholding of Promoter and Promoter Group | 22% | 4.17 Cr |
| Shree Saibaba Exim Private Limited | Shareholding of Promoter and Promoter Group | 18.8% | 3.57 Cr |
| Artiben Jayeshbhai Thakkar | Shareholding of Promoter and Promoter Group | 14.6% | 2.77 Cr |
| Moolchand Kiran Kumar Jain | Public Shareholding | 2.6% | 49,20,000 |
| Sumit P Desai (huf) | Public Shareholding | 1.5% | 29,06,000 |
| Setu Securities Pvt Ltd | Public Shareholding | 1.1% | 20,00,000 |
| Kavit Jayeshbhai Thakkar | Shareholding of Promoter and Promoter Group | 0% | 0 |
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 |
| Shreyan Jigneshkumar Patel | Additional Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Metal | ₹1 Cr | 100% |
| Shares | ₹0 Cr | 0% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 48 | 19 | 19 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-13 | Board Meetings | — |
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
2 recent disclosure(s)
Shree Saibaba Exim Private LimitedDisposal · 20,00,000
Shree Saibaba Exim Private LimitedDisposal · 52,45,000
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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