Mercantile Ventures Limited

BSE: MERCANTILE538942ISIN INE689O01013

Services
Diversified Commercial Services

Share price

₹21.48+0.98 (+4.78%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹32.64
52W low: ₹17.50
Off 52W high: -34.19%
1M return: -2.36%
3M return: -12.97%
6M return: -13.32%
1Y return: -27.60%
20D avg volume: 40,984
50 DMA: ₹22.97
200 DMA: ₹23.70

Key ratios Consolidated

Market cap: ₹240.40 Cr
Current price: ₹21.48
52W high / low: ₹32.64 / ₹17.50
Face value: ₹10.00
P/E: 43.30
P/B: 0.88
EPS (TTM): ₹0.50
Book value / share: ₹24.36
ROE: —
ROCE: 0.90%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-7.47 Cr
Interest cover: 23.73
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 68.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	23.03	23.67	25.07	23.51	21.08	19.26	18.34	17.84	16.75	—
	2.48	2.09	0.67	0.11	0.13	1.96	1.63	1.04	8.24	—
	25.51	25.77	25.75	23.63	21.21	21.22	19.97	18.89	24.98	—
	23.35	24.16	24.88	23.17	21.64	19.48	17.55	17.66	17.27	—
	7.82	9.14	8.39	8.88	7.83	7.32	7.08	6.94	6.38	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	13.29	12.35	14.34	11.87	10.92	9.65	8.88	8.49	8.38	—
	0.06	0.01	0.04	0.00	0.06	0.03	0.33	0.26	0.25	—
	0.20	0.26	0.21	0.21	0.21	0.25	0.21	0.24	0.23	—
	1.97	2.40	1.90	2.21	2.63	2.24	1.71	1.74	2.01	—
	2.16	1.60	0.87	0.46	-0.43	1.74	2.42	1.22	7.72	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	2.16	1.60	0.87	0.46	-0.43	1.74	2.42	1.22	7.72	—
	0.94	-0.36	0.05	0.50	0.26	-5.26	0.81	0.32	0.95	—
	-0.65	1.95	2.86	1.41	-0.87	9.09	1.59	0.89	5.63	—
	0.06	0.31	0.25	0.13	-0.08	0.81	0.17	0.07	0.50	—
Key metrics
	2.42	1.87	1.12	0.67	-0.16	2.02	2.96	1.72	8.20	—
	10.50%	7.90%	4.50%	2.80%	-0.80%	10.50%	16.10%	9.60%	49.00%	—
	-2.80%	8.20%	11.40%	6.00%	-4.10%	47.20%	8.70%	5.00%	33.60%	—
	—	0.60%	—	0.10%	—	0.50%	—	—	—	—
	9.30%	22.90%	36.70%	31.80%	25.90%	—	—	—	—	—
	25.30%	-78.50%	79.90%	58.40%	-115.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	95.28	93.34	72.19	—
	5.35	3.01	12.87	—
	100.66	96.35	85.06	—
	95.56	93.85	71.96	—
	34.23	34.23	27.73	—
	0.00	0.00	0.00	—
	51.85	49.47	35.40	—
	0.11	0.11	0.20	—
	0.88	0.90	0.93	—
	8.48	9.14	7.70	—
	5.09	2.50	13.09	—
	0.00	0.00	0.00	—
	5.09	2.50	13.09	—
	1.13	0.46	-3.17	—
	5.57	1.99	17.32	—
	0.75	0.62	1.55	—
Key metrics
	6.08	3.51	14.22	—
	6.38%	3.80%	19.70%	—
	5.85%	2.10%	24.00%	—
	—	0.90%	3.60%	—
	24.52%	29.30%	—	—
	-47.94%	-88.50%	—	—
	—	0.70	-37.77	—
	—	0.42	-1.89	—
	—	0.00	0.00	—
	—	-7.47	-7.22	—
	—	68.2	81.8	—
Balance sheet
	—	306.01	390.59	—
	—	65.20	73.40	—
	—	7.47	7.22	—
	—	17.41	16.50	—
	—	0.08	0.00	—
	—	4.11	3.51	—
	—	90.64	91.41	—
	—	0.04	0.31	—
	—	17.99	19.35	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	281.12	344.16	—
Cash flow
	—	0.83	-32.81	—
	—	-0.22	-18.28	—
	—	-0.36	0.24	—
	—	0.13	4.96	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	10.20	10.73	10.78	11.23	10.20	9.77	9.29	9.04	8.46	—
	1.67	1.98	0.50	0.00	0.01	1.70	0.28	0.26	0.60	—
	11.87	12.71	11.28	11.23	10.21	11.48	9.57	8.78	9.06	—
	10.19	11.63	10.79	10.98	10.35	9.70	9.09	8.88	8.67	—
	7.86	9.12	8.57	8.86	7.88	7.36	7.11	6.91	6.41	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.36	0.38	0.35	0.35	0.34	0.32	0.31	0.31	0.44	—
	0.06	0.01	0.04	0.00	0.05	0.03	0.06	0.06	0.06	—
	0.19	0.24	0.19	0.20	0.20	0.22	0.19	0.21	0.21	—
	1.71	1.88	1.65	1.58	1.88	1.77	1.42	1.40	1.55	—
	1.68	1.08	0.49	0.24	-0.14	1.77	0.48	-0.11	0.40	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.68	1.08	0.49	0.24	-0.14	1.77	0.48	-0.11	0.40	—
	0.95	-0.33	-0.01	0.42	0.27	-4.60	0.12	0.03	0.10	—
	0.72	1.40	0.48	-0.19	-0.43	6.36	0.34	-0.09	0.28	—
	0.07	0.13	0.04	-0.02	-0.04	0.57	0.03	-0.01	0.03	—
Key metrics
	1.93	1.33	0.72	0.44	0.11	2.02	0.73	0.16	0.67	—
	18.90%	12.40%	6.70%	3.90%	1.10%	20.70%	7.90%	1.80%	7.90%	—
	7.10%	13.00%	4.50%	-1.70%	-4.20%	65.10%	3.70%	-1.00%	3.30%	—
	—	0.40%	—	0.10%	—	0.50%	—	—	—	—
	0.00%	9.80%	16.00%	24.20%	20.60%	—	—	—	—	—
	267.40%	-78.00%	41.20%	-111.10%	-253.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	42.94	42.93	36.56	—
	4.15	2.50	2.32	—
	47.09	45.43	38.88	—
	43.59	43.76	36.35	—
	34.41	34.43	27.78	—
	0.00	0.00	0.00	—
	1.44	1.42	1.38	—
	0.11	0.11	0.20	—
	0.82	0.83	0.84	—
	6.82	6.97	6.14	—
	3.49	1.67	2.54	—
	0.00	0.00	0.00	—
	3.49	1.67	2.54	—
	1.03	0.35	-4.40	—
	2.41	1.27	6.89	—
	0.22	0.12	0.62	—
Key metrics
	4.42	2.61	3.58	—
	10.29%	6.10%	9.80%	—
	5.61%	3.00%	18.80%	—
	—	0.60%	0.80%	—
	12.11%	17.40%	—	—
	-61.00%	-81.60%	—	—
	—	-69.76	-13.01	—
	—	-54.88	-1.14	—
	—	0.00	0.00	—
	—	-0.66	-0.77	—
	—	53.6	73.9	—
Balance sheet
	—	285.76	356.61	—
	—	42.15	49.23	—
	—	0.66	0.77	—
	—	6.30	7.69	—
	—	0.00	0.00	—
	—	0.24	0.24	—
	—	72.47	73.24	—
	—	0.00	0.29	—
	—	8.69	13.20	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	274.51	328.27	—
Cash flow
	—	-69.70	-7.84	—
	—	68.58	6.55	—
	—	0.00	0.00	—
	—	0.06	5.17	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +12.11%
Profit YoY (TTM): -61.00%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +24.52%
Profit YoY (TTM): -47.94%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 72.65%

Quarter	September 2026	June 2026
Promoter %	72.65%	72.76%

Holder	Type	Holding	Previous	Change
TRINITY AUTO POINTS LTD	Promoter Group	31.54%	31.59%	-0.05%
SOUTH INDIA TRAVELS PVT LTD	Promoter	16.61%	16.63%	-0.02%
SOUTHERN PETROCHEMICAL INDUSTRIES CORPORATIONLIMITED	Public	13.41%	13.43%	-0.02%
RANFORD INVESTMENTS LTD	Promoter	6.97%	6.98%	-0.01%
SICAGEN INDIA LIMITED	Promoter	6.89%	6.90%	-0.01%
DARNOLLY INVESTMENTS LTD	Promoter	5.74%	5.75%	-0.01%
TWINSHIELD CONSULTANTS PRIVATE LIMITED	Promoter Group	4.71%	4.72%	-0.01%
SPIC GROUP COMPANIES EMPLOYEES WELFARE FOUNDATION	Public	2.03%	2.03%	0.00%
SPIC OFFICERS AND STAFF WELFARE FOUNDATION	Public	1.84%	1.84%	0.00%
FIRST LEASING CO OF INDIA LTD	Promoter	0.16%	0.16%	0.00%
AL VADIVELU	Promoter	0.01%	0.01%	0.00%
NAVIA MARKETS LIMITED	Promoter	0.01%	0.01%	0.00%
A C MUTHIAH	Promoter Group	0.01%	0.01%	0.00%
ASHWIN C MUTHIAH	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
International Gemological Institute Limited	17,358	401.65	26.07	58.80%	+24.06% TTM	+30.32% TTM	+19.84%
WeWork India Management Limited	9,449	680.45	95.42	12.30%	—	—	+7.68%
Nesco Ltd S	7,338	1,041.40	18.21	15.50%	+13.08% TTM	-2.61% TTM	-19.90%
Indiabulls Limited S	7,314	31.36	-552.40	-3.60%	+34,733.33% TTM	+84.79% TTM	+49.98%
Rentomojo Limited	6,128	588.60	—	—	+45.51% FY26	+141.94% FY26	—
Nirlon Limited S	5,762	639.40	16.14	23.30%	—	—	+26.97%
SMARTWORKS COWORKING SPACES LIMITED	5,563	486.35	98.19	7.50%	—	—	-19.97%
LEAP India Limited	5,130	116.45	—	—	—	—	—
INOX GREEN ENERGY SERVICES LIMITED	5,062	120.65	41.54	9.50%	+16.08% TTM	+204.22% TTM	-55.31%
Quess Corp Limited	4,874	326.30	17.65	17.50%	-1.55% TTM	+198.78% TTM	+41.47%
Elevate Campuses Limited	4,729	280.60	—	—	—	—	—
INDIQUBE SPACES LIMITED S	3,980	187.75	-57.24	5.70%	—	—	-11.75%
CMS Info Systems Limited	3,475	217.10	11.84	16.20%	+1.71% TTM	-21.79% TTM	-40.17%
Hemisphere Properties India Limited S	3,172	111.30	-271.46	-1.10%	-4.21% TTM	-46.15% TTM	-19.38%
Sanghvi Movers Ltd.	2,996	346.05	14.73	15.50%	+29.75% TTM	+17.25% TTM	-12.58%
EFC (I) LIMITED	2,473	164.90	8.73	17.80%	+36.51% TTM	+45.65% TTM	—
Bluspring Enterprises Limited	2,320	155.20	-132.84	1.00%	—	—	+98.52%
Awfis Space Solutions Limited	1,833	256.10	18.39	13.50%	+21.83% TTM	+90.36% TTM	-56.94%
TeamLease Services Limited	1,659	1,085.60	11.00	11.00%	+4.68% TTM	+29.89% TTM	-35.60%
Texmaco Infrastructure & Holdings Ltd	1,507	118.25	160.59	1.40%	+5.45% TTM	+339.54% TTM	+15.87%
Updater Services Limited	1,365	203.85	14.16	8.70%	+8.93% TTM	-15.55% TTM	-11.98%
Sobhagya Mercantile Ltd. S	1,293	1,243.80	63.11	18.30%	+23.00% TTM	+8.12% TTM	+35.11%
KRYSTAL INTEGRATED SERVICES LIMITED	813	582.00	11.47	17.60%	+11.58% TTM	+14.88% TTM	-0.98%
TANDHAN INDUSTRIES LIMITED S	735	147.60	-3,690.00	-0.20%	-100.00% TTM	-146.15% TTM	+1,060.38%
South West Pinnacle Exploration Limited	613	187.80	15.35	22.30%	+39.24% TTM	+135.81% TTM	+4.30%
Mercantile Ventures Limited	240	21.48	43.30	0.90%	+24.52% TTM	-47.94% TTM	-27.60%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Mercantile Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve the unaudited Standalone ....2 Nov 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018, for the quarter ended 30th September 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Trading Window Closure30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer Report for the 25th AGM of the Company25 Sep 2026 · AGM/EGM / AGM
Outcome of the 25th Annual General Meeting24 Sep 2026 · AGM/EGM / AGM
Newspaper Advertisement - 25th Annual General Meeting31 Aug 2026 · Company Update / Newspaper Publication
25th Annual General Meeting of the Company scheduled to be held on Thursday, 24th September 2026 at 11:00 A.M. (IST) through Video Conferencing.29 Aug 2026 · AGM/EGM / AGM
Annual report of the Company for the FY 2025-2629 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement28 Aug 2026 · Company Update / Newspaper Publication
Effectiveness of Scheme of Amalgamation of M/s. Walery Security Management Limited (Transferor Company), a subsidiary of the Company with M/s. i3 Security Private Limited (Transferee Company), ....22 Aug 2026 · Company Update / Scheme of Arrangement
Newspaper Advertisement15 Aug 2026 · Company Update / Newspaper Publication
25th Annual General Meeting (AGM) of the Company.14 Aug 2026 · Company Update / General
Re-appointment of Mr. E N Rangaswami (DIN: 06463753) as Wholetime Director14 Aug 2026 · Company Update / Change in Management
Unaudited Standalone and Consolidated financial results of the Company for the Quarter ended June 30, 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
Results14 Aug 2026 · Result / Financial Results
Outcome of the Board meeting14 Aug 2026 · Company Update / General
Mercantile Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the unaudited Standalone ....10 Aug 2026 · Board Meeting / Board Meeting
Allotment pursuant to Scheme of Amalgamation4 Aug 2026 · Company Update / Allotment of Equity Shares
Intimation regarding effectiveness of the Scheme of Amalgamation and filing of Form INC 28 on 23.07.2026.23 Jul 2026 · Company Update / Scheme of Arrangement
Intimation of Hon''ble NCLT Order sanctioning the Scheme of Amalgamation of M/s. Walery Security Management Limited (Transferor Company), a subsidiary of the Company with M/s. i3 Security ....22 Jul 2026 · Company Update / Scheme of Arrangement
Regulation 42 - SEBI LODR - The record date is fixed on Friday, 24th July 2026, for the purpose of determining the eligible shareholders of India Radiators Limited (Transferor Company) ....13 Jul 2026 · Corp. Action / Amalgamation / Merger / Demerger
Outcome of the circular resolution passed on July 13th 202613 Jul 2026 · Company Update / Scheme of Arrangement
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pronouncement of Order approving Scheme of Amalgamation by Hon''ble National Company Law Tribunal, Division Bench (Court - I), Chennai.7 Jul 2026 · Company Update / Scheme of Arrangement
Intimation under regulation 306 Jul 2026 · Company Update / Scheme of Arrangement
Intimation of Trading Window Closure29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement11 Jun 2026 · Company Update / Newspaper Publication
Copies of Newspaper Advertisement29 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the year ended 31.03.202629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audited financial results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March 2026.27 May 2026 · Company Update / General
Audited financial results for the quarter and year ended 31st March 202627 May 2026 · Result / Financial Results
Audited financial results for the quarter and year ended 31st March 202627 May 2026 · Board Meeting / Outcome of Board Meeting
Mercantile Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve the Audited Standalone ....21 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....30 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Newspaper Advertisement15 Apr 2026 · Company Update / Newspaper Publication
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March 20269 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Filing of Second motion petition with Hon''ble National Company Law Tribunal, Chennai23 Mar 2026 · Company Update / Scheme of Arrangement
Scrutinizer report of NCLT Convened Unsecured Creditors meeting of the Company held on 13.03.202617 Mar 2026 · AGM/EGM / Court Convened Meeting
Scrutinizer report of NCLT Convened Equity Shareholders meeting of the Company held on 13.03.202617 Mar 2026 · AGM/EGM / Court Convened Meeting

Board meetings

6 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results