Mercury Ev-Tech Ltd
Mercury Ev-Tech Ltd (MERCURYEV) last reported results for the quarter ended Jun 2026, with sales of ₹33.38 crore and net profit of ₹1.65 crore. The stock last traded at ₹37.2, a market capitalisation of ₹707 crore, on a P/E of 155. Over the past 52 weeks the stock has ranged between ₹20 and ₹48.3. Figures are as of 6 Oct 2026 and are not real time.
Mercury Ev-Tech Ltd share price and key metrics
- Current price
- ₹37.2
- Market cap
- ₹707 cr
- Stock P/E
- 155
- Book value
- ₹14.8
- ROE
- 1.51%
- ROCE
- 2.64%
- Dividend yield
- 0.00%
- 52w high / low
- 48.3/20.0
Metrics as of 6 Oct 2026. Not real time.
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Mercury Ev-Tech Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 85%
- TTM
- 4%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 45%
- TTM
- -48%
- 10 Years
- 58%
- 5 Years
- 120%
- 3 Years
- -9%
- 1 Year
- -21%
- 10 Years
- %
- 5 Years
- 3%
- 3 Years
- 3%
- Last Year
- 2%
Mercury Ev-Tech Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹33.38 cr, up 47.9% from ₹22.57 cr a year earlier. Net profit was ₹1.65 cr, up 29.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 19.48 | 35.6 | 30.68 | 22.57 | 34.01 | 25.29 | 20.21 | 33.38 |
| Expenses | 17.46 | 29.53 | 31.55 | 20.45 | 31 | 22.91 | 22.55 | 30.12 |
| Operating profit | 2.02 | 6.07 | -0.87 | 2.12 | 3.01 | 2.38 | -2.34 | 3.26 |
| OPM % | 10.37% | 17.05% | -2.84% | 9.39% | 8.85% | 9.41% | -11.58% | 9.77% |
| Other income | 0.4 | 0.18 | 2.87 | 0.5 | 0.64 | 0.02 | 4.71 | 0.36 |
| Interest | 0.08 | 0.31 | 0.41 | 0.13 | 0.08 | 0.2 | 0.39 | 0.73 |
| Depreciation | 0.21 | 0.16 | 0.22 | 0.3 | 1.22 | 1 | 1.13 | 0.94 |
| Profit before tax | 2.13 | 5.78 | 1.37 | 2.19 | 2.35 | 1.2 | 0.85 | 1.95 |
| Tax % | 24.88% | 25.95% | 2.92% | 25.57% | 21.70% | 37.50% | 80.00% | 20.00% |
| Net profit | 1.6 | 4.28 | 1.55 | 1.27 | 1.72 | 0.89 | 0.3 | 1.65 |
| EPS (₹) | 0.09 | 0.23 | 0.08 | 0.07 | 0.09 | 0.05 | 0.02 | 0.09 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mercury Ev-Tech Ltd annual results
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 1 | 16 | 22 | 89 | 102 | 113 |
| Operating profit | 0 | 2 | 3 | 8 | 5 | 6 |
| OPM % | 24% | 10% | 13% | 9% | 5% | 6% |
| Net profit | 0 | 1 | 2 | 8 | 4 | 5 |
| EPS (₹) | 0.01 | 0.08 | 0.11 | 0.39 | 0.22 | 0.25 |
TTM is the trailing twelve months to the most recent quarter.
Mercury Ev-Tech Ltd balance sheet
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|
| Equity capital | 0.70 | 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 |
As reported by the company. Total assets equal total liabilities by construction.
Mercury Ev-Tech Ltd cash flow
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Cash from operations | -0 | -14 | -15 | -44 |
| Cash from investing | 0 | -48 | -55 | -90 |
| Cash from financing | 0 | 70 | 61 | 139 |
| Net cash flow | -0 | 8 | -8 | 5 |
| Free cash flow | -0 | -56 | -38 | -67 |
| CFO / operating profit | -129% | -860% | -493% | -533% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mercury Ev-Tech Ltd operating ratios
| Per year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| ROCE % | — | 4% | 3% | 5% |
| 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 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mercury Ev-Tech Ltd shareholding pattern
Promoters held 59.17% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.70%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.10% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% |
| FIIs | 0.16% | 1.69% | 1.92% | 1.90% | 1.90% | 2.68% | 2.44% | 1.70% |
| Government | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 37.73% | 39.13% | 38.91% | 38.92% | 38.92% | 38.14% | 38.37% | 39.10% |
| No. of shareholders | 47,757 | 58,187 | 62,900 | 67,991 | 75,707 | 75,914 | 76,425 | 75,062 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mercury Ev-Tech Ltd corporate filings
- Certificate under Reg 74(5) of SEBI (DP) regulations, 2018 for the quarter ended September 30, 2026Company Updatelow impact
- Mercury EV-Tech Limited Resigns Non-Executive Director, No Immediate Financial ImpactCompany Updatelow impact
Cruxal's analysis: Mercury EV-Tech Limited announced the resignation of Non-Executive Director Mr. Lalit…
Read the full analysis - Company appoints Mr. Shreyan Jigneshkumar Patel as Additional Non-Executive Director, with no immediate financial impact disclosedCompany Updatelow impact
Cruxal's analysis: Mercury EV-Tech Limited has announced the appointment of Mr. Shreyan Jigneshkumar Patel…
Read the full analysis - Mercury EV-Tech Limited appoints Mr. Shreyan Jigneshkumar Patel as Additional Non-Executive Director, resigns of Lalit Vitthal WaankhedeOtherslow impact
Cruxal's analysis: Mercury EV-Tech Limited has announced the appointment of Mr. Shreyan Jigneshkumar Patel…
Read the full analysis - Corporate Voting Results Confirm Approval of Key Resolutions at Mercury EV-Tech's 40th AGMAGM/EGMhigh impact
Cruxal's analysis: Mercury EV-Tech Limited held its 40th AGM on September 30, 2026, with a high…
Read the full analysis - Mercury EV-Tech Limited appoints M/S Tejas K. Soni as statutory auditor for 3 years, effective from FY 2026-27Company Updatelow impact
Cruxal's analysis: Mercury EV-Tech Limited has announced the appointment of M/S Tejas K. Soni, Chartered…
Read the full analysis - MERCURY EV-TECH LIMITED appoints M/s. Nisarg Sharma & Associates as Secretarial Auditor for 5-year term, starting FY 2026-27Company Updatelow impact
Cruxal's analysis: Mercury EV-Tech Limited has announced the appointment of M/s. Nisarg Sharma & Associates…
Read the full analysis - Mercury EV-Tech Limited holds 40th AGM; no immediate financial disclosures or strategic updates announcedAGM/EGMlow impact
Cruxal's analysis: Mercury EV-Tech Limited conducted its 40th AGM on September 30, 2026, via video…
Read the full analysis - Intimaion of Closure of Trading WindowInsider Trading / SASTlow impact
- Mercury Ev-Tech Ltd announces routine newspaper publication of financial disclosuresCompany Updatelow impact
Cruxal's analysis: Mercury Ev-Tech Ltd has fulfilled a regulatory requirement under Regulation 30 of the…
Read the full analysis - Mercury EV-Tech Limited: Promoter Group Entity Shree Saibaba Exim Private Limited Divests 20 Lakh SharesInsider Trading / SASTmedium impact
Cruxal's analysis: Mercury EV-Tech Limited has reported a stake sale by a promoter group entity, Shree…
Read the full analysis - Mercury EV-Tech Ltd files routine business update intimation under Regulation 30Company Updatelow impact
Cruxal's analysis: Mercury EV-Tech Ltd has submitted a routine business update intimation under Regulation…
Read the full analysis - Mercury EV-Tech Limited: Promoter Group entity disposes of 20 lakh equity shares via open marketCompany Updatemedium impact
Cruxal's analysis: Mercury EV-Tech Limited has reported that a promoter group entity, M/s. Shree Saibaba…
Read the full analysis - Promoter Entity Shree Saibaba Exim Private Limited Divests 2.76% Stake in Mercury EV-Tech LimitedInsider Trading / SASTmedium impact
Cruxal's analysis: Mercury EV-Tech Limited promoter entity, Shree Saibaba Exim Private Limited, has…
Read the full analysis - Mercury EV-Tech Limited Announces FY 2025-26 Annual Report and Material Related Party TransactionsAGM/EGMhigh impact
Cruxal's analysis: Mercury EV-Tech Limited has released its Annual Report for FY 2025-26, reporting a…
Read the full analysis - Mercury Ev-Tech Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Mercury Ev-Tech Ltd has submitted its Annual Report for the financial year 2025-26 as per…
Read the full analysis - Mercury EV-Tech Limited: Promoter Group entity Shree Saibaba Exim Private Limited disposes 52.45 lakh equity shares via open marketCompany Updatemedium impact
Cruxal's analysis: Mercury EV-Tech Limited has disclosed that its promoter group entity, Shree Saibaba Exim…
Read the full analysis - Mercury Ev-Tech Ltd announces revision in book closure datesCorp. Actionlow impact
Cruxal's analysis: Mercury Ev-Tech Ltd has issued an intimation regarding the revision of its book closure…
Read the full analysis - Mercury EV-Tech Limited announces revised schedule for 40th Annual General Meeting and associated record datesOtherslow impact
Cruxal's analysis: Mercury EV-Tech Limited has formally notified the exchanges of a revision to its 40th…
Read the full analysis - Mercury EV-Tech Limited announces 40th Annual General Meeting and e-voting cut-off datesCompany Updatelow impact
Cruxal's analysis: Mercury EV-Tech Limited has scheduled its 40th Annual General Meeting for September 28…
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