Mercantile Ventures Ltd
Mercantile Ventures Ltd (MERCANTILE) last reported results for the quarter ended Jun 2026, with sales of ₹23.03 crore and net profit of ₹1.21 crore. The next scheduled event is a corporate event on 5 Dec 2026. The stock last traded at ₹22, a market capitalisation of ₹247 crore, on a P/E of 36.6. Over the past 52 weeks the stock has ranged between ₹17.5 and ₹32.6. Figures are as of 6 Oct 2026 and are not real time.
Mercantile Ventures Ltd share price and key metrics
- Current price
- ₹22
- Market cap
- ₹247 cr
- Stock P/E
- 36.6
- Book value
- ₹24.4
- ROE
- 1.97%
- ROCE
- 0.82%
- Dividend yield
- 0.00%
- 52w high / low
- 32.6/17.5
Metrics as of 6 Oct 2026. Not real time.
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Mercantile Ventures Ltd growth and returns
- 10 Years
- 18%
- 5 Years
- 20%
- 3 Years
- 26%
- TTM
- 25%
- 10 Years
- 2%
- 5 Years
- -12%
- 3 Years
- -27%
- TTM
- -37%
- 10 Years
- 6%
- 5 Years
- 7%
- 3 Years
- 0%
- 1 Year
- -28%
- 10 Years
- 3%
- 5 Years
- 3%
- 3 Years
- 2%
- Last Year
- 2%
Mercantile Ventures Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹23.03 cr, up 9.3% from ₹21.08 cr a year earlier. Net profit turned positive at ₹1.21 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 17.84 | 18.34 | 19.26 | 21.08 | 23.51 | 25.07 | 23.67 | 23.03 |
| Expenses | 17.16 | 17.68 | 19.21 | 21.39 | 22.96 | 24.63 | 23.9 | 23.1 |
| Operating profit | 0.68 | 0.66 | 0.05 | -0.31 | 0.55 | 0.44 | -0.23 | -0.07 |
| OPM % | 3.81% | 3.60% | 0.26% | -1.47% | 2.34% | 1.76% | -0.97% | -0.30% |
| Other income | 1.1 | 1.63 | 1.96 | 0.13 | 0.11 | 0.67 | 2.09 | 2.48 |
| Interest | 0.26 | -0.33 | 0.03 | 0.05 | 0 | 0.04 | 0.01 | 0.06 |
| Depreciation | 0.24 | 0.21 | 0.25 | 0.21 | 0.21 | 0.21 | 0.26 | 0.2 |
| Profit before tax | 1.28 | 2.41 | 1.73 | -0.44 | 0.45 | 0.86 | 1.59 | 2.15 |
| Tax % | 24.22% | 34.02% | -304.05% | 34.09% | 111.11% | 5.81% | -7.55% | 43.72% |
| Net profit | 0.96 | 1.59 | 6.99 | -0.6 | -0.06 | 0.81 | 1.71 | 1.21 |
| EPS (₹) | 0.07 | 0.17 | 0.81 | -0.10 | 0.13 | 0.26 | 0.28 | -0.06 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mercantile Ventures Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.14 | 29.95 | 34.4 | 38.24 | 37.3 | 37.04 | 47.15 | 60.39 | 72.19 | 93.34 | 95.28 |
| Operating profit | 2.65 | 2.81 | 3.02 | 3.9 | 4.41 | 2.2 | 3.38 | 0.15 | 1.36 | 0.44 | 0.69 |
| OPM % | 9.76% | 9.38% | 8.78% | 10.20% | 11.82% | 5.94% | 7.17% | 0.25% | 1.88% | 0.47% | 0.72% |
| Net profit | -27.93 | 1.14 | 6.66 | 21.09 | 9.38 | 16.4 | 16.62 | -7.62 | 16.23 | 1.94 | 3.67 |
| EPS (₹) | -2.50 | 0.10 | 0.60 | 2.30 | 1.01 | 1.03 | 1.42 | -0.71 | 1.45 | 0.53 | 0.61 |
TTM is the trailing twelve months to the most recent quarter.
Mercantile Ventures Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 |
| Reserves | 137.20 | 141.85 | 159.66 | 159.44 | 191.15 | 226.28 | 199.40 | 221.26 | 218.85 | 160.72 |
| Borrowings | 5.92 | 4.12 | 0.73 | 0.16 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 |
| Other liabilities | 16.13 | 13.01 | 11.76 | 9.52 | 9.07 | 17.90 | 21.25 | 63.63 | 59.82 | 33.37 |
| Total liabilities | 271.17 | 270.90 | 284.07 | 281.04 | 312.14 | 356.10 | 336.57 | 396.81 | 390.59 | 306.01 |
| Fixed assets | 85.71 | 84.66 | 84.29 | 76.44 | 76.89 | 76.81 | 76.61 | 90.42 | 94.47 | 93.71 |
| CWIP | 0.00 | 44.02 | 44.02 | 44.02 | 44.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 64.16 | 65.89 | 81.37 | 69.96 | 89.93 | 147.55 | 177.20 | 175.41 | 222.81 | 149.51 |
| Other assets | 121.30 | 76.33 | 74.39 | 90.62 | 101.30 | 131.74 | 82.76 | 130.98 | 73.31 | 62.79 |
| Total assets | 271.17 | 270.90 | 284.07 | 281.04 | 312.14 | 356.10 | 336.57 | 396.81 | 390.59 | 306.01 |
As reported by the company. Total assets equal total liabilities by construction.
Mercantile Ventures Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -27.09 | 4.15 | 10.23 | -9.31 | 22.72 | -6.14 | -13.74 | 39.24 | -32.81 | 0.83 |
| Cash from investing | 33.63 | -4.11 | -4.42 | 17.01 | -12.62 | -10.02 | 9.16 | 17.23 | -18.28 | -0.22 |
| Cash from financing | -4.99 | -0.07 | -3.65 | 0.00 | 0.00 | 0.00 | 4.00 | -4.57 | 0.24 | -0.36 |
| Net cash flow | 1.54 | -0.02 | 2.16 | 7.70 | 10.09 | -16.16 | -0.58 | 51.90 | -50.85 | 0.25 |
| Free cash flow | -27.16 | 5.23 | 11.82 | -13.46 | 22.59 | 37.70 | -13.79 | 38.36 | -37.77 | 0.70 |
| CFO / operating profit | -998% | 187% | 403% | -191% | 585% | -158% | -334% | 27,527% | -2,141% | 639% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mercantile Ventures Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 2.33% | 3.06% | 2.35% | 3.47% | 3.69% | 5.53% | 2.66% | 0.96% | 1.53% | 0.82% |
| Debtor days | 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 | 46.17 | 69.71 | 73.42 | 82.66 | 74.37 | 80.51 | 74.08 | 79.54 | 83.43 | 68.08 |
| Working capital days | 1,202.72 | 639.57 | 522.46 | 500.06 | 499.94 | 949.45 | 465.09 | 346.44 | 236.32 | 155.40 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mercantile Ventures Ltd shareholding pattern
Promoters held 72.76% at Jun 2026, broadly unchanged since Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.76% | 72.76% | 72.76% | 72.76% | 72.76% | 72.76% | 72.76% | 72.76% |
| Public | 27.24% | 27.24% | 27.24% | 27.25% | 27.25% | 27.24% | 27.26% | 27.25% |
| No. of shareholders | 50,896 | 50,894 | 50,819 | 50,729 | 50,668 | 50,562 | 50,488 | 50,547 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming Mercantile Ventures Ltd events
The next scheduled event is a corporate event on 5 Dec 2026.
- Corporate eventRe-appointment of Mr. E N Rangaswami as Whole-time Director
See the full results calendar for every Indian company reporting in the next 30 days.
Mercantile Ventures Ltd corporate filings
- Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018, for the quarter ended 30th September 2026.Company Updatelow impact
- Intimation of Trading Window ClosureInsider Trading / SASTlow impact
- Mercantile Ventures Limited Announces Successful Conclusion of 25th Annual General Meeting and Shareholder Approval of Key ResolutionsAGM/EGMlow impact
Cruxal's analysis: Mercantile Ventures Limited has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Mercantile Ventures Limited Concludes 25th Annual General Meeting; Approves Related Party Transactions and Director Re-appointmentsAGM/EGMlow impact
Cruxal's analysis: Mercantile Ventures Limited has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Mercantile Ventures Ltd announces 25th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Mercantile Ventures Ltd has issued a newspaper advertisement regarding the convening of…
Read the full analysis - Mercantile Ventures Limited Announces 25th AGM and Material Related Party TransactionsAGM/EGMmedium impact
Cruxal's analysis: Mercantile Ventures Limited has scheduled its 25th Annual General Meeting for September…
Read the full analysis - Mercantile Ventures Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Mercantile Ventures Ltd has filed its Annual Report for the financial year 2025-26. The…
Read the full analysis - Mercantile Ventures Ltd publishes routine newspaper advertisement regarding regulatory complianceCompany Updatelow impact
Cruxal's analysis: Mercantile Ventures Ltd has released a newspaper advertisement in compliance with…
Read the full analysis - Mercantile Ventures Limited Announces Completion of Amalgamation of Subsidiary EntitiesCompany Updatelow impact
Cruxal's analysis: Mercantile Ventures Limited has confirmed that the Scheme of Amalgamation between its…
Read the full analysis - Mercantile Ventures Ltd publishes routine newspaper advertisement for regulatory complianceCompany Updatelow impact
Cruxal's analysis: Mercantile Ventures Ltd has released a newspaper advertisement in compliance with…
Read the full analysis - Mercantile Ventures Limited schedules 25th Annual General Meeting for September 24, 2026Company Updatelow impact
Cruxal's analysis: Mercantile Ventures Limited has formally announced the scheduling of its 25th Annual…
Read the full analysis - Mercantile Ventures Limited announces re-appointment of Mr. E N Rangaswami as Whole-time DirectorCompany Updatelow impact
Cruxal's analysis: Mercantile Ventures Limited has formally approved the re-appointment of Mr. E N…
Read the full analysis - Mercantile Ventures Limited Reports Q1 FY27 Financial Results and Announces 25th AGM DateCompany Updatemedium impact
Cruxal's analysis: Mercantile Ventures Limited reported consolidated revenue from operations of 25.51 crore…
Read the full analysis - Mercantile Ventures Limited schedules Board Meeting for June 2026 quarterly results on 14th August 2026Board Meetinglow impact
Cruxal's analysis: Mercantile Ventures Limited has issued a formal intimation under SEBI Regulation 29…
Read the full analysis - Mercantile Ventures Board Approves Allotment of 1.53 Lakh Equity Shares Under Amalgamation SchemeCompany Updatemedium impact
Cruxal's analysis: Mercantile Ventures Limited's Board of Directors has approved the allotment of 1,53,161…
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