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Mercantile Ventures

MERCANTILE NSE
₹22.07 up 1.50 (7.29%)
Market Cap
₹247 Cr
P/E
36.18

Mercantile Ventures (MERCANTILE) share price was ₹20.57 at the 28 Oct 2026 close; market capitalisation ₹230 Cr; P/E (TTM) 33.72; sector Commercial Services. The share price fell 30.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 9.3% year on year to ₹23.03 Cr and net profit was ₹1.21 Cr, against −₹0.60 Cr a year earlier (compared with Jun 2025). Promoters held 72.65% of Mercantile Ventures in Sep 2026, down 0.10 percentage points from Jun 2026. Its Tapetide Score is 51/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹20.57 −9.00 −30.44% 1Y

Key Fundamentals

MicrocapCommercial ServicesServices
Market Cap
₹247 Cr
P/E (TTM)
36.18
EBITDA
₹3.50 Cr
Return on Equity
0.73%
Debt to Equity
0
Book Value
₹24.18
EPS (TTM)
₹0.61
52W High
₹31.90
52W Low
₹17.50

Price-based figures as of 29 Oct 2026, 10:44 IST · EPS basis: Consolidated · TTM

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

International Gemological Institute
₹406.0028.7717,546 Cr10.020.65%47.80%58.83%1,521 Cr611 Cr
WeWork India Management
₹631.85103.758,775 Cr25.780.00%64.94%11.08%2,850 Cr82 Cr
Indiabulls
₹31.8017.107,416 Cr2.080.00%11.14%6.24%1,121 Cr488 Cr
Nesco
₹1,002.2016.957,062 Cr2.240.71%13.77%15.50%1,055 Cr417 Cr
Nirlon
₹631.0015.935,686 Cr12.134.76%73.83%23.30%689 Cr357 Cr
Leap India
₹119.60—5,269 Cr3.490.00%6.19%9.00%821 Cr75 Cr
Mercantile Ventures (this company)
₹22.0736.18247 Cr0.910.00%0.73%0.90%101 Cr4 Cr
Median 7 companies₹406.0022.947,062 Cr3.490.00%13.77%11.08%1,055 Cr357 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. 2 companies are not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

51 Average
Overall score

Data confidence 100/100

Category scores

Quality Average 51
Returns, margins, earnings quality 22% weight
Valuation Poor 32
Cheap vs sector & own history 24% weight
Growth Good 65
Sales & profit trajectory 9% weight
Financial Health Strong 82
Solvency, leverage, coverage 9% weight
Momentum Weak 42
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

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.
  • Stock is trading at 0.92 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.95% over last 3 years.
  • Earnings include an other income of Rs.5.35 Cr.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
13.16% lower than 3Y

change over 1 year

Net Income Growth
-87.73% lower than 3Y

change over 1 year

Cash Flow Change
103%

change over 1 year

EBITDA Margin Change
-78.24%

change over 1 year Operating margin -0.3% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
13.68
15.19
16.13
15.39
16.74
17.84
18.34
19.26
21.08
23.51
25.07
23.67
23.03
Expenses
12.8
14.22
15.13
18.15
16.79
17.16
17.68
19.21
21.39
22.96
24.63
23.9
23.1
Operating Profit
0.88
0.97
1
-2.76
-0.05
0.68
0.66
0.05
-0.31
0.55
0.44
-0.23
-0.07
OPM %
6.43%
6.39%
6.2%
-17.93%
-0.3%
3.81%
3.6%
0.26%
-1.47%
2.34%
1.76%
-0.97%
-0.3%
Other Income
1.1
0.79
-8.33
2.47
8.25
1.1
1.63
1.96
0.13
0.11
0.67
2.09
2.48
Interest
0.29
0.25
0.55
0.24
0.25
0.26
-0.33
0.03
0.05
0
0.04
0.01
0.06
Depreciation
0.25
0.25
0.27
0.21
0.23
0.24
0.21
0.25
0.21
0.21
0.21
0.26
0.2
PBT
1.44
1.26
-8.15
-0.74
7.72
1.28
2.41
1.73
-0.44
0.45
0.86
1.59
2.15
Tax %
289.58%
19.84%
3.44%
74.32%
12.44%
24.22%
34.02%
-304.05%
34.09%
111.11%
5.81%
-7.55%
43.72%
Net Profit
-7.32
1.26
-9.08
-1.28
6.76
0.96
1.59
6.99
-0.6
-0.06
0.81
1.71
1.21
EPS (₹)
-1.05
0.13
-0.45
-0.12
0.5
0.07
0.17
0.81
-0.1
0.13
0.26
0.28
-0.06
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
13.03
18.13
27.14
29.95
34.4
38.24
37.3
37.04
47.15
60.39
72.19
93.34
95.28
Expenses
11.38
15.4
24.49
27.14
31.38
34.34
32.89
34.84
43.77
60.24
70.83
92.9
94.59
Operating Profit
1.65
2.73
2.65
2.81
3.02
3.9
4.41
2.2
3.38
0.15
1.36
0.44
0.69
OPM %
12.66%
15.06%
9.76%
9.38%
8.78%
10.2%
11.82%
5.94%
7.17%
0.25%
1.88%
0.47%
0.72%
Other Income
25.85
6.12
-26.08
5.24
3.82
6.45
6.95
16.32
7.51
-3.96
12.88
3.01
5.35
Interest
0.15
2.25
1.92
0.66
0.54
0.94
0.99
1.08
1.08
1.34
0.2
0.11
0.11
Depreciation
0.34
0.43
1.14
1.17
1.07
1.01
1.01
0.99
0.98
0.99
0.93
0.9
0.88
PBT
27.01
6.17
-26.49
6.22
5.23
8.4
9.36
16.45
8.83
-6.14
13.11
2.44
5.05
Tax %
19.81%
29.98%
5.44%
81.67%
29.06%
-35.36%
31.73%
30.21%
23.56%
23.29%
-24.18%
20.9%
—
Net Profit
21.67
4.32
-27.93
1.14
6.66
21.09
9.38
16.4
16.62
-7.62
16.23
1.94
3.67
EPS (₹)
1.93
0.38
-2.5
0.1
0.6
2.3
1.01
1.03
1.42
-0.71
1.45
0.53
0.61
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
112
112
112
112
112
112
112
112
112
112
112
112
Reserves
151
157
137
142
160
159
191
226
199
221
219
161
Borrowings
14
10.14
5.92
4.12
0.73
0.16
0
0
4
0
0
0
Other Liabilities
17.17
21.26
16.13
13.01
11.76
9.52
9.07
17.9
21.25
63.63
59.82
33.37
Total Liabilities
294
301
271
271
284
281
312
356
337
397
391
306
Fixed Assets
42.76
43.73
85.71
84.66
84.29
76.44
76.89
76.81
76.61
90.42
94.47
93.71
CWIP
0
0
0
44.02
44.02
44.02
44.02
0
0
0
0
0
Investments
42.63
46.26
64.16
65.89
81.37
69.96
89.93
148
177
175
223
150
Other Assets
209
211
121
76.33
74.39
90.62
101
132
82.76
131
73.31
62.79
Total Assets
294
301
271
271
284
281
312
356
337
397
391
306
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
8.88
-19.46
-27.09
4.15
10.23
-9.31
22.72
-6.14
-13.74
39.24
-32.81
0.83
Investing
-17.91
17.45
33.63
-4.11
-4.42
17.01
-12.62
-10.02
9.16
17.23
-18.28
-0.22
Financing
11.75
-2.46
-4.99
-0.07
-3.65
0
0
0
4
-4.57
0.24
-0.36
Net Cash Flow
2.72
-4.46
1.54
-0.02
2.16
7.7
10.09
-16.16
-0.58
51.9
-50.85
0.25
Free Cash Flow
4.81
-20.43
-27.16
5.23
11.82
-13.46
22.59
37.7
-13.79
38.36
-37.77
0.7
CFO/OP
538
-506
-998
187
403
-191
585
-158
-334
27,527
-2,141
639
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
61
70.47
69.71
73.42
82.66
74.37
80.51
74.08
79.54
83.43
68.08
Inventory Days
—
—
2.07
—
—
—
—
—
—
—
—
—
Days Payable
—
—
26.37
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
0
61
46.17
69.71
73.42
82.66
74.37
80.51
74.08
79.54
83.43
68.08
Working Capital Days
1,218
658
1,203
640
522
500
500
949
465
346
236
155
ROCE %
2.67%
3.33%
2.33%
3.06%
2.35%
3.47%
3.69%
5.53%
2.66%
0.96%
1.53%
0.82%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mercantile Ventures insights

53 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

DIIs0.01%Promot.72.65%Public9.41%Others17.93%As ofSep 2026

Documents

Frequently Asked Questions about Mercantile Ventures

What does Mercantile Ventures Ltd do?
Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services[1]
Where is Mercantile Ventures Ltd (MERCANTILE) listed?
Mercantile Ventures Ltd trades as MERCANTILE on the NSE and under code 538942 on the BSE.
Which sector does Mercantile Ventures Ltd belong to?
Mercantile Ventures Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the market capitalisation of Mercantile Ventures Ltd?
Mercantile Ventures Ltd has a market capitalisation of ₹247 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Mercantile Ventures Ltd?
Mercantile Ventures Ltd trades at a PE ratio of 36.18 as of 29 Oct 2026, on earnings per share of ₹0.61, against a book value of ₹24.18 per share.
What is the 52-week high and low of Mercantile Ventures Ltd?
Over the last 52 weeks Mercantile Ventures Ltd has traded between ₹17.5 and ₹31.9 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Mercantile Ventures Ltd?
Mercantile Ventures Ltd reported a return on equity of 0.73%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services[1]

Website mercantileventures.co.in
Listed 2026-04-20
Face Value ₹ 10
Shares Outstanding 11,19,18,195

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