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Prices as of 8 Oct 2026 close · Not investment advice

Mercantile Ventures Limited

NSE: MERCANTILEDiversified Commercial Services

Share price

₹20.70

-7.30% close of 8 Oct 2026

Market cap ₹232 CrP/E 34.4

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹232 Cr

P/E ratio

34.4

P/B ratio

0.8

ROCE

0.8%

ROE

2.0%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹30.6052-week low ₹17.68

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 24.5% over the past year, and 15.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 5.8% to 0.7% over the last four years.

Whether it grew faster than its sector

It grew 15.5% a year against a sector median of 9.8% — 5.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 34.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 21.6×, across 5 companies. It is against its own five-year median of 19.2×, the 78th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Mercantile Ventures Limited — this one-27%/yr34.4×—
International Gemmological Institute (India) Limited43%/yr21.6×₹0.50
WeWork India Management Limited36%/yr100.7×₹2.8
Indiabulls Limited50%/yr16.1×₹0.32
Nesco Limited11%/yr17.3×₹1.6
Leap India Limited81%/yr117.6×₹1.5

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Commercial Services), it ranks 37 of 40 on returns, 17 of 36 on growth, 36 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 0.8% on capital, ahead of 8% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹13 crore of cash before any plant spend. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 949.5 days for its cash to waiting 155.4 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹23 Cr

Revenue vs last year

+9.3%

Revenue vs last quarter

-2.7%

Net profit

-₹1 Cr

Profit vs last quarter

-138.1%

Net margin

-2.8%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹232 Cr
Prev close
₹20.70
52w High
₹32.0
52w Low
₹17.5
Enterprise value
₹225 Cr
Beta
1.0
Price CAGR 1y
-25.0%
Price CAGR 3y
-1.0%
Price CAGR 5y
7.0%
Price CAGR 10y
7.0%

Ratios

Return on assets
0.6%
PEG ratio
-1.3
P/E ratio
34.4
P/B ratio
0.8
EV / EBITDA
527.7
Industry P/E
16.8
ROCE
0.8%
ROCE 5y average
2.3%
ROE
2.0%
Debt / Equity
0.0
Interest coverage
23.2
Dividend yield
0.0%
ROE 3y average
2.0%
ROE last year
2.0%

Annual P&L

Annual revenue
₹93 Cr
Annual profit
₹2 Cr
Operating margin
0.5%
Net profit margin
2.1%
EBITDA margin
0.5%
Sales growth 3y
25.6%
Sales growth 5y
20.1%
Profit growth 3y
-27.0%
Profit growth 5y
-12.0%
EPS
₹0.5
Sales growth TTM
25.0%
Profit growth TTM
-37.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹23 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
9.3%
YoY quarterly profit growth
—
OPM latest quarter
-0.3%

Balance Sheet

Book Value
₹24.4
Face Value
₹10.0
Total debt
₹0 Cr
Total cash
₹7 Cr
Borrowings
₹0 Cr
Reserves / Equity
1.4

Cash Flow

Operating cash flow
₹1 Cr
Free cash flow
₹1 Cr
FCF yield
0.3%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
72.8%
FII holding
—
DII holding
—
Public holding
27.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
International Gemological Instit310.3522.013,4120.80165.731.0370.823.269.3
Wework India661.15106.19,1810.00-4.668.7680.227.420.6
Indiabulls34.1816.47,9710.00141.035647.5359.5292.316.2
NESCO1,029.1017.47,2510.68100.04.0211.89.618.5
NDR INVIT Trust151.0069.56,9161.7436.0-5.4124.022.15.1
Leap India144.50109.16,3660.0024.730.2203.419.18.3
Nirlon626.0015.85,6424.8069.418.8168.33.330.8
Mercantile Vent.22.2136.92490.001.242.023.09.30.8
Median151.0017.23780.008.438.777.715.114.8

Competes with: CMS Info Systems Limited, Indiabulls Limited, Inox Green Energy Services Limited, International Gemmological Institute (India) Limited, Leap India Limited, Nesco Limited, Nirlon Limited, Smartworks Coworking Spaces Limited, WeWork India Management Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales14151615171818192124252423
Expenses13141518171718192123252423
Material Cost7.82
Change in Inventories0
Purchases of Stock-in-Trade0
Employee Cost13
Other Expenses1.97
Operating Profit0.880.971-2.76-0.050.680.660.05-0.310.550.44-0.23-0.07
OPM %6.436.396.20-18-0.303.813.600.26-1.472.341.76-0.97-0.30
Other Income1.100.79-8.332.478.251.101.631.960.130.110.672.092.48
Exceptional items (within Other Income)0
Interest0.290.250.550.240.250.26-0.330.030.05-00.040.010.06
Depreciation0.250.250.270.210.230.240.210.250.210.210.210.260.20
Profit before tax1.441.26-8.15-0.747.721.282.411.73-0.440.450.861.592.15
Tax %290203.4474122434-304341115.81-7.5544
Net Profit-7.321.26-9.08-1.286.760.961.596.99-0.60-0.060.811.711.21
EPS in Rs-1.050.13-0.45-0.120.500.070.170.81-0.100.130.260.28-0.06

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13182730343837374760729395
Expenses11152427313433354460719395
Operating Profit1.652.732.652.813.023.904.412.203.380.151.360.440.69
OPM %13159.769.388.7810125.947.170.251.880.470.72
Other Income266.12-265.243.826.456.95167.51-3.96133.015.35
Interest0.152.251.920.660.540.940.991.081.081.340.200.110.11
Depreciation0.340.431.141.171.071.011.010.990.980.990.930.900.88
Profit before tax276.17-266.225.238.409.36168.83-6.34132.445.05
Tax %20305.448229-3532302423-2421
Net Profit224.32-281.146.66219.381617-7.99161.943.67
EPS in Rs1.930.38-2.500.100.602.301.011.031.42-0.711.450.530.61
Dividend Payout %-0-0-0-0-0-0-0-0-0-0-0-0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
18%
5 years
20%
3 years
26%
TTM
25%

Compounded profit growth

10 years
2%
5 years
-12%
3 years
-27%
TTM
-37%

Stock price CAGR

10 years
7%
5 years
7%
3 years
-1%
1 year
-25%

Return on equity

10 years
3%
5 years
3%
3 years
2%
Last year
2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital112112112112112112112112112112112112
Reserves151157137142160159191226199221219161
Borrowings14105.924.120.730.16-0-04-0-0-0
Other Liabilities17211613129.529.071821646033
Total Liabilities294301271271284281312356337397391306
Fixed Assets434486858476777777909494
CWIP-0-0-044444444-0-0-0-0-0
Investments43466466817090148177175223150
Other Assets209211121767491101132831317363
Total Assets294301271271284281312356337397391306

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8.88-19-274.1510-9.3123-6.14-1439-330.83
Cash from Investing Activity-181734-4.11-4.4217-13-109.1617-18-0.22
Cash from Financing Activity12-2.46-4.99-0.07-3.65-0-0-04-4.570.24-0.36
Net Cash Flow2.72-4.461.54-0.022.167.7010-16-0.5852-510.25
Free Cash Flow4.81-20-275.2312-132338-1438-370.70

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days-06170707383748174808368
Inventory Days2.07
Days Payable26
Cash Conversion Cycle-06146707383748174808368
Working Capital Days1,2186581,203640522500500949465346236155
ROCE %2.673.332.333.062.353.473.695.532.660.961.530.82

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters737373737373737373737373
DIIs0
Public272727272727272727272727
No. of Shareholders51,23451,04451,12850,91550,89650,89450,81950,72950,66850,56250,48850,547

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Bricks 0

In the last 1 year the price has not moved enough to draw bricks. Try a longer range.

Price moved up one brickPrice moved down one brickLast close ₹20.70 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Mercantile Ventures Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • contract manpower
  • facility management and maintenance services

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Diversified Commercial Services
Classification
Services › Diversified Commercial Services
ISIN
INE689O01013

News impact

Big market events that reach Mercantile Ventures Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • bse-history fill: 2331 BSE bars before cutoff, code 538942, seam residual 0.98141× · 20 Apr 2026

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.