---
title: "Mercator Ltd (MERCATOR) — Share Price, Financials & Analysis"
symbol: "MERCATOR"
company: "Mercator Ltd"
canonical: "https://tapetide.com/stocks/MERCATOR"
isin: "INE934B01028"
nse_symbol: "MERCATOR"
bse_code: "526235"
sector: "Energy"
industry: "Consumable Fuels"
generated_at: "2026-09-13T19:02:42.770Z"
---

# Mercator Ltd (MERCATOR)

Canonical page: https://tapetide.com/stocks/MERCATOR

## Company

- **NSE Symbol:** MERCATOR
- **BSE Code:** 526235
- **ISIN:** INE934B01028
- **Sector:** Energy
- **Industry:** Consumable Fuels
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** mercator.in

## About

Mercator Ltd along with its subsidiaries is a diversified group engaged in shipping, gas, coal mining and E&P activities. It commenced business as a shipping company in 1984 and has over the years, through its subsidiaries, diversified into various other sectors like coal mining and logistics, E&P and dredging. [1]

## Latest Price

- **Price:** ₹0.85
- **Change:** 0 (0%)
- **Open:** ₹0.85
- **Day High:** ₹0.9
- **Day Low:** ₹0.8
- **Previous Close:** ₹0.85
- **Volume:** 0
- **As Of:** 2023-03-10T04:46:26+00:00

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Contingent liabilities of Rs.252 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 381% | 26% | 15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 6 | -4 | 4 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -6 | 4 | -4 | -1 | -1 | -1 | -1 | 0 | 0 | 0 | 0 | 0 |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -223 |
| Interest | 13 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -19 | 3 | -4 | -1 | -1 | -1 | -1 | 0 | 0 | 0 | 0 | -223 |
| Tax % | -6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -18 | 3 | -4 | -1 | -1 | -1 | -1 | 0 | 0 | 0 | 0 | -223 |
| EPS in Rs | -0.59 | 0.11 | -0.14 | -0.03 | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -7.38 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3092 | 2707 | 2115 | 932 | 867 | 639 | 374 | 0 | 0 | 0 |
| Expenses | 2981 | 2658 | 1529 | 818 | 1368 | 762 | 382 | 8 | 2 | 1 |
| Operating Profit | 110 | 49 | 586 | 114 | -500 | -124 | -9 | -8 | -2 | -1 |
| OPM % | 3.6 | 1.8 | 28 | 12 | -58 | -19 | -2.3 | — | — | — |
| Other Income | -101 | -430 | 15 | -33 | -16 | -376 | 37 | 0 | 0 | -223 |
| Interest | 225 | 273 | 232 | 144 | 154 | 261 | 292 | 13 | 0 | 0 |
| Depreciation | 475 | 427 | 319 | 154 | 177 | 141 | 39 | 0 | 0 | 0 |
| Profit before tax | -690 | -1082 | 50 | -217 | -847 | -901 | -304 | -21 | -2 | -224 |
| Tax % | 2 | 1 | 42 | 28 | 4 | 1 | 5 | -5 | 0 | 0 |
| Net Profit | -707 | -1092 | 29 | -278 | -879 | -912 | -320 | -20 | -2 | -224 |
| EPS in Rs | -18.36 | -44.59 | 0.91 | -9.76 | -30.04 | -30.62 | -10.98 | -0.65 | -0.08 | -7.41 |
| Dividend Payout % | -1 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 24 | 24 | 27 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | 1954 | 862 | 965 | 922 | -87 | -1088 | -1399 | -1438 | -1457 | -1684 |
| Borrowings | 3886 | 2632 | 1839 | 1728 | 1680 | 1615 | 1627 | 1641 | 1666 | 702 |
| Other Liabilities | 1793 | 1302 | 1111 | 535 | 569 | 737 | 961 | 877 | 904 | 1848 |
| Total Liabilities | 7658 | 4820 | 3942 | 3216 | 2192 | 1294 | 1219 | 1110 | 1143 | 896 |
| Fixed Assets | 4984 | 2659 | 1864 | 1642 | 841 | 332 | 284 | 197 | 213 | 215 |
| CWIP | 620 | 688 | 694 | 292 | 281 | 3 | 3 | 3 | 4 | 4 |
| Investments | 5 | 2 | 186 | 206 | 180 | 86 | 61 | 63 | 68 | 69 |
| Other Assets | 2049 | 1471 | 1198 | 1076 | 889 | 873 | 871 | 847 | 858 | 608 |
| Total Assets | 7658 | 4820 | 3942 | 3216 | 2192 | 1294 | 1219 | 1110 | 1143 | 896 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1014 | 570 | 520 | 325 | 110 | -35 | 35 | -38 | -1 | 0 |
| Cash from Investing Activity | -746 | 1070 | 369 | -207 | 103 | 270 | 1 | 88 | 2 | 0 |
| Cash from Financing Activity | -173 | -1808 | -880 | -189 | -222 | -217 | -40 | -48 | 0 | 0 |
| Net Cash Flow | 95 | -168 | 9 | -71 | -9 | 18 | -5 | 2 | 0 | 0 |
| Free Cash Flow | 168 | 1580 | 929 | 189 | 120 | 188 | 40 | 48 | -1 | 0 |
| CFO/OP | 953 | 1215 | 94 | 299 | -26 | 10 | -307 | 479 | 62 | 1 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96 | 78 | 67 | 126 | 46 | 57 | 134 | — | — | — |
| Cash Conversion Cycle | 96 | 78 | 67 | 126 | 46 | 57 | 134 | — | — | — |
| Working Capital Days | -161 | -160 | -139 | -164 | -477 | -969 | -1846 | — | — | — |
| ROCE % | -6 | -7 | 9 | 0 | -23 | -21 | -2 | -2 | -1 | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 34.33% | 30.73% | 29.68% | 19.57% | 10.83% | 6.84% | 4.45% | 3.01% |
| FIIs | 14.14% | 17.16% | 13.65% | 4.12% | 3.74% | 0% | 0% | 0% |
| DIIs | 0.93% | 0.03% | 0.05% | 0.03% | 0.03% | 0% | 0% | 0% |
| Public | 50.61% | 52.08% | 56.62% | 76.29% | 85.4% | 93.16% | 95.55% | 96.99% |
| No. of Shareholders | 81356 | 83128 | 80876 | 84187 | 83947 | 109348 | 105725 | 46525 |

### Quarterly

| Category | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 10.83% | 7.11% | 7.11% | 6.84% | 6.84% | 6.84% | 4.45% | 4.45% | 4.45% | 4.45% | 3.01% | 3.01% |
| FIIs | 3.74% | 3.21% | 3.21% | 0% | 0% | 0% | 0.01% | 0.02% | 0% | 0% | 0% | 0% |
| DIIs | 0.03% | 0.02% | 0.02% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 85.4% | 89.66% | 89.66% | 93.16% | 93.16% | 93.16% | 95.53% | 95.51% | 95.55% | 95.54% | 96.99% | 96.99% |
| No. of Shareholders | 83947 | 87701 | 90148 | 95040 | 109348 | 108983 | 107644 | 106642 | 105725 | 105710 | 46591 | 46525 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 52.15 | Sell |
| EMA (10) | 52.42 | Sell |
| SMA (20) | 53.49 | Sell |
| EMA (20) | 52.88 | Sell |
| SMA (50) | 52.6 | Sell |
| EMA (50) | 52.96 | Sell |
| SMA (100) | 52.66 | Sell |
| EMA (100) | 53.24 | Sell |
| SMA (200) | 54.15 | Sell |
| EMA (200) | 54.07 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.92 | Neutral |
| MACD (12,26,9) | -0.38 | Sell |
| Stochastic (14,3,3) | 39.84 | Neutral |
| ADX (14) | 30.94 | Buy |
| Williams %R (14) | -60.49 | Neutral |
| ATR (14) | 3.8 | High Volatility |
| ROC (12) | -9.84 | Sell |
| Stoch RSI (14) | 25.35 | Neutral |
| UO (7,14,28) | 64.01 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-06-03 | [Cancellation of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84f7a7f6-483d-4f37-9b39-ad222676d01c.pdf) |
| 2025-05-29 | [Intimation Regarding Appointment Of Mr. Krishna Chamadia As The New Liquidator Of Mercator Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fce9875-1efa-4fbd-b1eb-49802b388c1d.pdf) |
| 2025-05-28 | [Board Meeting Intimation for Intimation Of Meeting Of Liquidator And Directors For Consideration Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2024 Of Mercator Limited Which Is Currently Undergoing Liquidation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d228c38a-9637-43a8-bfed-bd1ea8bf31cb.pdf) |
| 2025-05-26 | [Board Meeting Intimation for Consideration Of Audited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2024 Of Mercator Limited Which Is Currently Undergoing Liquidation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cee3a188-ed7c-4973-bdb1-0c7c9dce4929.pdf) |
| 2025-02-13 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b24a439-a4ba-46d5-82cf-1560bae7f2af.pdf) |
| 2024-12-28 | [Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors And Liquidator Held On 28-12-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c54e36e-6d5d-4736-ab52-6a8956b717df.pdf) |
| 2024-12-28 | [Appointment Of Secretarial Auditor For FY 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=014fc73e-6bff-4029-bfb6-b7ceb74bfded.pdf) |
| 2024-12-02 | [News Paper Publication Of The Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09f8040a-6a3e-4a4d-9333-c87feecd5738.pdf) |
| 2024-11-28 | [Board Meeting Outcome for Outcome Of Meeting Pertaining To Declaration Of Financial Results And Other MattersThereof](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adfcd108-bc29-4e65-a847-988c2cc06982.pdf) |
| 2024-11-25 | [Board Meeting Intimation for Intimation Of Board Meeting To Approve Audited Financial Statements](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f50d91c-d1b2-429e-84cd-5f5518820c93.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 3 Jun 2025 - Mercator Limited appoints new liquidator Mr. Krishna Chamadia; scheduled meeting deferred. | [Cancellation of Board Meeting 3 Jun 2025 - Mercator Limited appoints new liquidator Mr. Krishna Chamadia; scheduled meeting deferred.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84f7a7f6-483d-4f37-9b39-ad222676d01c.pdf) |
| 29 May 2025 - NCLT appoints Krishna Chamadia as new liquidator of Mercator Limited replacing suspended predecessor. | [Intimation Regarding Appointment Of Mr. Krishna Chamadia As The New Liquidator Of Mercator Limited 29 May 2025 - NCLT appoints Krishna Chamadia as new liquidator of Mercator Limited replacing suspended predecessor.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fce9875-1efa-4fbd-b1eb-49802b388c1d.pdf) |
| 28 May 2025 - Meeting rescheduled to approve June 2024 unaudited results for Mercator under liquidation. | [Board Meeting Intimation for Intimation Of Meeting Of Liquidator And Directors For Consideration Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2024 Of Mercator Limited Which Is Currently Undergoing Liquidation 28 May 2025 - Meeting rescheduled to approve June 2024 unaudited results for Mercator under liquidation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d228c38a-9637-43a8-bfed-bd1ea8bf31cb.pdf) |
| 26 May 2025 - Meeting on June 2, 2025, to approve Q1 FY25 unaudited results of Mercator Limited under liquidation. | [Board Meeting Intimation for Consideration Of Audited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2024 Of Mercator Limited Which Is Currently Undergoing Liquidation 26 May 2025 - Meeting on June 2, 2025, to approve Q1 FY25 unaudited results of Mercator Limited under liquidation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cee3a188-ed7c-4973-bdb1-0c7c9dce4929.pdf) |
| 13 Feb 2025 - Delay in publishing Q3 financial results for FY 2024-25. | [Results-Delay in Financial Results 13 Feb 2025 - Delay in publishing Q3 financial results for FY 2024-25.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b24a439-a4ba-46d5-82cf-1560bae7f2af.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MLL_2010_2011_16092011075556.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_MLL_2009_2010_13042011120102.zip) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eede703f-28b3-45b5-9c32-d482f9266e0a.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/72802526235.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/67985526235.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/5262350319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/5262350318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/5262350317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/5262350316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/526235/5262350315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34D08DCD_1313_4F07_9E02_25B15A64BC26_130447.pdf) |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95B43ADA_CE21_45FE_A048_05672393EE2B_172601.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9143c63b-a78f-44d1-ac78-e1a58a0b0c96.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9143c63b-a78f-44d1-ac78-e1a58a0b0c96.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67a5453a-2811-4c6a-be3b-2b51aac87d74.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/67a5453a-2811-4c6a-be3b-2b51aac87d74.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f559e5a8-2ff6-4c63-bf51-92701bb4093a.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/f559e5a8-2ff6-4c63-bf51-92701bb4093a.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ece3494-973f-4e1d-a46c-bb7e1a2d03c6.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ece3494-973f-4e1d-a46c-bb7e1a2d03c6.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:42.770Z.