Mercury EV-Tech
Mercury EV-Tech (MERCURYEV) share price was ₹32.90 at the 28 Oct 2026 close; market capitalisation ₹625 Cr; P/E (TTM) 131.60; sector Automobiles. The share price fell 21.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 47.9% year on year to ₹33.38 Cr and net profit rose 29.9% year on year to ₹1.65 Cr (compared with Jun 2025). Promoters held 55.36% of Mercury EV-Tech in Sep 2026, down 3.82 percentage points from Jun 2026. Its Tapetide Score is 27/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapAutomobilesConsumer DiscretionaryPrice-based figures as of 28 Oct 2026, 15:59 IST · EPS basis: Consolidated · TTM
Peer Comparison
Consumer Discretionary › Automobiles › Cars & Utility Vehicles › Passenger Cars & Utility Vehicles
| ₹11,579.00 | 27.06 | 3,64,047 Cr | 3.40 | 1.22% | 13.70% | 17.22% | 2,09,088 Cr | 13,451 Cr | |
| ₹2,869.90 | 19.32 | 3,56,880 Cr | 3.83 | 1.15% | 17.01% | 17.26% | 2,15,290 Cr | 20,243 Cr | |
| ₹1,866.90 | 30.64 | 1,51,693 Cr | 7.58 | 1.13% | 27.14% | 32.62% | 70,317 Cr | 4,951 Cr | |
| ₹263.60 | 1.23 | 97,088 Cr | 0.87 | 1.15% | -1.16% | 0.55% | 4,29,842 Cr | 79,502 Cr | |
| ₹17,094.00 | 17.99 | 22,278 Cr | 5.37 | 0.29% | 28.87% | 33.80% | 9,549 Cr | 1,253 Cr | |
| ₹985.20 | 45.59 | 8,087 Cr | 6.61 | 0.06% | 14.56% | 20.97% | 2,560 Cr | 180 Cr | |
| Mercury EV-Tech (this company) | ₹32.90 | 131.60 | 625 Cr | 3.24 | 0.00% | 1.57% | 2.41% | 119 Cr | 5 Cr |
| Median 7 companies | ₹1,866.90 | 27.06 | 97,088 Cr | 3.83 | 1.13% | 14.56% | 17.26% | 70,317 Cr | 4,951 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100. How it works →
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Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Debtor days have improved from 174 to 138 days.
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.62% over last 3 years.
- Earnings include an other income of Rs.5.73 Cr.
- Promoter holding has decreased over last 3 years: -3.39%
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 9.77% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.25 | 5.52 | 4.58 | 5.57 | 3.87 | 19.48 | 35.6 | 30.68 | 22.57 | 34.01 | 25.29 | 20.21 | 33.38 |
| Expenses | 6.27 | 4.9 | 3.61 | 5.19 | 2.97 | 17.46 | 29.53 | 31.55 | 20.45 | 31 | 22.91 | 22.55 | 30.12 |
| Operating Profit | 0.98 | 0.62 | 0.97 | 0.38 | 0.9 | 2.02 | 6.07 | -0.87 | 2.12 | 3.01 | 2.38 | -2.34 | 3.26 |
| OPM % | 13.52% | 11.23% | 21.18% | 6.82% | 23.26% | 10.37% | 17.05% | -2.84% | 9.39% | 8.85% | 9.41% | -11.58% | 9.77% |
| Other Income | 0 | 0.5 | 0 | 0 | 0 | 0.4 | 0.18 | 2.87 | 0.5 | 0.64 | 0.02 | 4.71 | 0.36 |
| Interest | 0.01 | 0.14 | 0.12 | -0.05 | 0.07 | 0.08 | 0.31 | 0.41 | 0.13 | 0.08 | 0.2 | 0.39 | 0.73 |
| Depreciation | 0.06 | 0.08 | 0.12 | 0.08 | 0.17 | 0.21 | 0.16 | 0.22 | 0.3 | 1.22 | 1 | 1.13 | 0.94 |
| PBT | 0.91 | 0.9 | 0.73 | 0.35 | 0.66 | 2.13 | 5.78 | 1.37 | 2.19 | 2.35 | 1.2 | 0.85 | 1.95 |
| Tax % | 18.68% | 34.44% | 27.4% | 31.43% | 25.76% | 24.88% | 25.95% | 2.92% | 25.57% | 21.7% | 37.5% | 80% | 20% |
| Net Profit | 0.75 | 0.59 | 0.53 | 0.23 | 0.49 | 1.6 | 4.28 | 1.55 | 1.27 | 1.72 | 0.89 | 0.3 | 1.65 |
| EPS (₹) | 0.04 | 0.04 | 0.03 | 0.01 | 0.03 | 0.09 | 0.23 | 0.08 | 0.07 | 0.09 | 0.05 | 0.02 | 0.09 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 1 | 16 | 22 | 89 | 102 | 113 |
| Expenses | 1 | 14 | 19 | 81 | 97 | 107 |
| Operating Profit | 0 | 2 | 3 | 8 | 5 | 6 |
| OPM % | 24% | 10% | 13% | 9% | 5% | 6% |
| Other Income | 0 | 0 | 0 | 3 | 6 | 6 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 4 | 4 |
| PBT | 0 | 2 | 3 | 10 | 7 | 6 |
| Tax % | 28% | 13% | 31% | 23% | 34% | — |
| Net Profit | 0 | 1 | 2 | 8 | 4 | 5 |
| EPS (₹) | 0.01 | 0.08 | 0.11 | 0.39 | 0.22 | 0.25 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|
| Equity Capital | 0.7 | 17 | 18 | 19 | 19 |
| Reserves | 1 | 33 | 63 | 258 | 261 |
| Borrowings | 0 | 23 | 56 | 6 | 7 |
| Other Liabilities | 0 | 4 | 14 | 53 | 70 |
| Total Liabilities | 1 | 77 | 151 | 336 | 358 |
| Fixed Assets | 0 | 33 | 37 | 44 | 92 |
| CWIP | 0 | 9 | 43 | 59 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 35 | 71 | 233 | 238 |
| Total Assets | 1 | 77 | 151 | 336 | 358 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 0 | -14 | -15 | -44 | — |
| Investing | 0 | -48 | -55 | -90 | — |
| Financing | 0 | 70 | 61 | 139 | — |
| Net Cash Flow | 0 | 8 | -8 | 5 | — |
| Free Cash Flow | 0 | -56 | -38 | -67 | — |
| CFO/OP | -129 | -860 | -493 | -533 | — |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 0 | 112 | 228 | 157 | — |
| Inventory Days | 0 | 227 | 154 | 228 | — |
| Days Payable | — | 91 | 177 | 104 | — |
| Cash Conversion Cycle | 0 | 249 | 205 | 281 | — |
| Working Capital Days | 68 | 460 | 860 | 579 | — |
| ROCE % | — | 4% | 3% | 5% | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY20–FY27.
Documents
Frequently Asked Questions about Mercury EV-Tech
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Company Information
Incorporated in 1986, Mercury Ev-Tech Ltd is in the business of Manufacturing and Trading of Electronic vehicles and other related renewable energy products[1]
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