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Prices as of 8 Oct 2026 close · Not investment advice

Mercury Ev-Tech Limited

NSE: MERCURYEVPassenger Cars & Utility Vehicles

Share price

₹36.48

-3.70% close of 8 Oct 2026

Market cap ₹693 CrP/E 152.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 8 Oct 2026.

Business score

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

49

out of 100 · worked out 8 Oct 2026

Your ratios

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

Market cap

₹693 Cr

P/E ratio

152.0

P/B ratio

2.5

ROCE

2.6%

ROE

1.5%

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 ₹46.2152-week low ₹20.33

Answers

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

How fast it has been growing

Our sales figures for this company step up at Sep 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

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

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 3.4 times its growth rate, on earnings growth of 45%.

Profit growthPrice per ₹1 profitPer 1% growth
Mercury Ev-Tech Limited — this one45%/yr152×₹3.4
Maruti Suzuki India21%/yr24.6×₹1.2
Mahindra & Mahindra23%/yr17.8×₹0.78
Hyundai Motor India Limited5%/yr31.4×₹6.3
Tata Motors Passenger Vehicles Limited232%/yr100.9×—
FORCE MOTORS LTD209%/yr19.7×—

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 (Passenger Cars & Utility Vehicles), it ranks 7 of 7 on returns, 7 of 7 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 2.6% on capital, ahead of 0% 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 4 years of cash statements on file the business itself consumed ₹73 crore of cash before any plant spend, funded from lenders and shareholders.

Profit reality check

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

5 of 7 checks clear · 71%

Latest result · Q1 FY27

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

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹33 Cr

Revenue vs last year

+47.9%

Revenue vs last quarter

+65.2%

Net profit

₹2 Cr

Profit vs last year

+22.7%

Profit vs last quarter

+419.4%

Net margin

4.7%

EPS

₹0.00

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
₹693 Cr
Prev close
₹36.48
52w High
₹47.0
52w Low
₹20.0
Enterprise value
—
Beta
1.2
Price CAGR 1y
-22.0%
Price CAGR 3y
-8.0%
Price CAGR 5y
121.0%
Price CAGR 10y
59.0%

Ratios

Return on assets
1.1%
PEG ratio
3.4
P/E ratio
152.0
P/B ratio
2.5
EV / EBITDA
—
Industry P/E
31.4
ROCE
2.6%
ROCE 5y average
4.0%
ROE
1.5%
Debt / Equity
0.0
Interest coverage
8.0
Dividend yield
0.0%
ROE 3y average
3.0%
ROE last year
2.0%

Annual P&L

Annual revenue
₹102 Cr
Annual profit
₹4 Cr
Operating margin
5.0%
Net profit margin
3.9%
EBITDA margin
4.9%
Sales growth 3y
85.4%
Sales growth 5y
—
Profit growth 3y
45.0%
Profit growth 5y
—
EPS
₹0.2
Sales growth TTM
4.0%
Profit growth TTM
-48.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹33 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
47.9%
YoY quarterly profit growth
29.9%
OPM latest quarter
9.8%

Balance Sheet

Book Value
₹14.7
Face Value
₹1.0
Total debt
₹7 Cr
Total cash
₹5 Cr
Borrowings
₹7 Cr
Reserves / Equity
13.7

Cash Flow

Operating cash flow
—
Free cash flow
—
FCF yield
—
Net cash flow
—

Shareholding

Promoter holding
59.2%
FII holding
1.7%
DII holding
—
Public holding
39.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Maruti Suzuki11,517.0025.33,62,0971.233,446.9-9.152,469.835.918.9
M & M2,869.8018.63,56,8681.155,997.633.858,187.627.815.1
Hyundai Motor I1,997.8032.81,62,3291.05888.6-35.116,334.6-0.538.4
Tata Motors PVeh287.65106.31,05,9411.06859.0-69.895,799.09.32.7
Force Motors16,630.0020.021,9120.30216.622.82,440.06.236.0
Olectra Greentec1,085.0050.28,9060.0526.7-0.3575.565.821.1
Mercury EV-Tech37.10154.67050.001.729.933.447.92.6
Median1,541.4041.563,9270.68537.8-4.79,387.327.817.8

Competes with: FORCE MOTORS LTD, Hyundai Motor India Limited, Mahindra & Mahindra, Maruti Suzuki India, Olectra Greentech Limited, Tata Motors Passenger Vehicles 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
Sales7.255.524.585.573.871936312334252033
Expenses6.274.903.615.192.971730322031232330
Material Cost16
Change in Inventories0.34
Purchases of Stock-in-Trade8.99
Employee Cost2.66
Other Expenses2.23
Operating Profit0.980.620.970.380.902.026.07-0.872.123.012.38-2.343.26
OPM %1411216.82231017-2.849.398.859.41-129.77
Other Income00.500000.400.182.870.500.640.024.710.36
Exceptional items (within Other Income)0
Interest0.010.140.12-0.050.070.080.310.410.130.080.200.390.73
Depreciation0.060.080.120.080.170.210.160.220.301.2211.130.94
Profit before tax0.910.900.730.350.662.135.781.372.192.351.200.851.95
Tax %193427312625262.922622388020
Net Profit0.750.590.530.230.491.604.281.551.271.720.890.301.65
EPS in Rs0.040.040.030.010.030.090.230.080.070.090.050.020.09
Diluted EPS in Rs0

Profit & loss

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

Consolidated · to 31 Mar 2026
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1162289102113
Expenses114198197107
Operating Profit023856
OPM %241013956
Other Income000366
Interest000111
Depreciation000144
Profit before tax0231076
Tax %2813312334
Net Profit012845
EPS in Rs0.010.080.110.390.220.25
Dividend Payout %00000

Compounded growth

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

Compounded sales growth

10 years
—
5 years
—
3 years
85%
TTM
4%

Compounded profit growth

10 years
—
5 years
—
3 years
45%
TTM
-48%

Stock price CAGR

10 years
59%
5 years
121%
3 years
-8%
1 year
-22%

Return on equity

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

Balance sheet

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

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital0.7017181919
Reserves13363258261
Borrowings0235667
Other Liabilities04145370
Total Liabilities177151336358
Fixed Assets033374492
CWIP09435928
Investments00000
Other Assets13571233238
Total Assets177151336358

Cash flows

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

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0-14-15-44
Cash from Investing Activity0-48-55-90
Cash from Financing Activity07061139
Net Cash Flow-08-85
Free Cash Flow-0-56-38-67

Ratios

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

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0112228157
Inventory Days0227154228
Days Payable91177104
Cash Conversion Cycle0249205281
Working Capital Days68460860579
ROCE %435

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
Promoters636262626259595959595959
FIIs00000.161.691.921.901.902.682.441.70
Government00000000.010.010.010.010.01
Public373838383839393939383839
No. of Shareholders25,04840,84444,18545,30947,75758,18762,90067,99175,70775,91476,42575,062

Price trend

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

Change over 1 year -20.8% (₹46.05 → ₹36.48)Brick size ₹2.24 (fixed)Bricks 28
₹30.00₹40.00₹36.48Nov '25Mar '26Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹36.48 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

News

News and filings about Mercury Ev-Tech 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

About

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

Sector
Automobile and Auto Components
Industry
Passenger Cars & Utility Vehicles
Classification
Automobile and Auto Components › Passenger Cars & Utility Vehicles
ISIN
INE763M01028

Plants

  • Manglege Plant, Vadodara

News impact

Big market events that reach Mercury Ev-Tech 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

  • daily-prices repair: 1 rows from NSE's archive (replace 0, delete 1, insert 0), 2026-06-26..2026-06-26 (docs/flat_day_repair.md)1× · 26 Jun 2026

Bulk & block deals

DateWhoBought / soldSharesPrice
10 Sep 2026SETU SECURITIES PVT LTDBUY20,00,000₹40.19
10 Sep 2026SHREE SAIBABA EXIM PRIVATE LIMITEDSELL20,00,000₹40.10
8 Sep 2026SHREE SAIBABA EXIM PRIVATE LIMITEDSELL12,45,000₹38.57
7 Sep 2026SHREE SAIBABA EXIM PRIVATE LIMITEDSELL40,00,000₹36.73

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
10 Sep 2026Shree Saibaba Exim Private Limited · Promoter GroupSELL20,00,0000.20
8 Sep 2026Shree Saibaba Exim Private Limited · Promoter GroupSELL52,45,0000.52

Documents

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

No documents on record yet.

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