MERCURY EV-TECH LIMITED

BSE: MERCURYEV531357ISIN INE763M01028

Consumer Discretionary
Passenger Cars & Utility Vehicles
BSE Consumer Discretionary

Share price

₹31.77-0.92 (-2.81%)

as of 4 Nov 2026

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

52W high: ₹45.00
52W low: ₹20.00
Off 52W high: -29.40%
1M return: -13.57%
3M return: -9.69%
6M return: +0.47%
1Y return: -25.98%
20D avg volume: 27,159
50 DMA: ₹37.03
200 DMA: ₹34.45

Key ratios Consolidated

Market cap: ₹603.54 Cr
Current price: ₹31.77
52W high / low: ₹45.00 / ₹20.00
Face value: ₹1.00
P/E: 163.39
P/B: 2.15
EPS (TTM): ₹0.19
Book value / share: ₹14.78
ROE: —
ROCE: 2.40%
Operating margin: —
Net margin: —
Debt / equity: 0.09
Net debt: ₹19.31 Cr
Interest cover: 9.14
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 365.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	30.09	33.38	20.21	25.29	34.01	22.57	30.68	35.60	19.48	3.88	5.57	4.58
	0.18	0.36	4.71	0.02	0.64	0.50	2.87	0.18	0.40	0.00	0.00	0.00
	30.28	33.74	24.92	25.31	34.64	23.07	33.55	35.79	19.88	3.88	5.57	4.58
	27.99	31.79	24.07	24.10	32.29	20.88	32.18	30.00	17.75	3.22	5.23	3.84
	13.45	15.91	7.02	13.70	23.61	13.77	25.35	25.80	9.73	1.24	4.56	1.73
	6.61	8.99	10.97	3.50	0.41	1.98	1.95	—	4.29	1.48	—	0.04
	2.57	2.66	3.21	2.98	3.11	3.33	3.49	1.94	0.78	0.31	0.54	0.32
	0.94	0.73	0.39	0.20	0.08	0.13	0.41	0.31	0.08	0.07	0.05	0.12
	3.33	0.94	1.13	1.00	1.22	0.30	0.22	0.15	0.21	0.17	0.08	0.12
	1.97	2.23	2.25	2.72	3.10	2.01	1.38	1.45	1.79	0.57	0.15	0.78
	2.29	1.95	0.85	1.20	2.35	2.19	1.37	5.78	2.13	0.66	0.35	0.73
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.29	1.95	0.85	1.20	2.35	2.19	1.37	5.78	2.13	0.66	0.35	0.73
	1.07	0.39	0.68	0.45	0.51	0.56	0.04	1.50	0.53	0.17	0.11	0.20
	1.22	1.56	0.17	0.75	1.84	1.63	1.33	4.28	1.60	0.48	0.23	0.53
	0.08	0.00	0.00	0.04	0.09	0.07	0.06	0.23	0.09	0.03	0.01	0.30
Key metrics
	6.56	3.62	2.37	2.40	3.65	2.62	2.00	6.24	2.42	0.90	0.48	0.97
	21.80%	10.80%	11.70%	9.50%	10.70%	11.60%	6.50%	17.50%	12.40%	23.20%	8.60%	21.20%
	4.10%	4.70%	0.80%	3.00%	5.40%	7.20%	4.30%	12.00%	8.20%	12.40%	4.10%	11.60%
	1.10%	—	0.40%	—	0.80%	—	0.60%	—	—	—	—	—
	-11.50%	47.90%	-34.10%	-29.00%	74.60%	481.70%	450.80%	677.30%	—	—	—	—
	-33.70%	-4.30%	-87.20%	-82.50%	15.00%	239.60%	478.30%	707.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	108.97	102.07	89.64	22.02	16.10
	5.27	5.86	3.45	0.50	0.05
	114.25	107.94	93.09	22.52	16.14
	107.95	101.34	83.15	19.64	14.54
	50.08	58.10	62.11	5.89	11.85
	30.07	16.87	7.71	7.50	—
	11.42	12.62	6.51	1.32	0.51
	2.26	0.81	0.87	0.21	0.02
	6.40	3.64	0.75	0.32	0.07
	9.17	10.08	5.19	1.95	2.10
	6.29	6.59	9.94	2.89	1.60
	0.00	0.00	0.00	0.00	0.00
	6.29	6.59	9.94	2.89	1.60
	2.59	2.20	2.25	0.90	0.22
	3.70	4.39	7.70	1.99	1.39
	0.12	0.22	0.40	0.11	0.08
Key metrics
	14.95	11.04	11.56	3.42	1.69
	13.72%	10.80%	12.90%	15.50%	10.50%
	3.40%	4.30%	8.60%	9.00%	8.60%
	—	2.40%	3.60%	—	—
	-11.31%	13.90%	307.10%	36.80%	—
	-59.25%	-43.00%	286.90%	43.20%	—
	—	-55.36	-66.66	—	—
	—	-7.21	-5.69	—	—
	—	0.09	0.02	—	—
	—	19.31	-0.53	—	—
	—	365.4	253.0	—	—
Balance sheet
	—	357.00	335.57	—	—
	—	225.71	229.50	—	—
	—	4.91	6.05	—	—
	—	52.05	38.53	—	—
	—	71.50	43.52	—	—
	—	39.02	38.78	—	—
	—	94.90	44.10	—	—
	—	21.37	19.92	—	—
	—	50.28	31.87	—	—
	—	24.22	5.52	—	—
	—	21.01	1.71	—	—
	—	3.21	3.81	—	—
	—	279.13	278.24	—	—
Cash flow
	—	-31.65	-43.83	—	—
	—	19.23	-90.13	—	—
	—	11.29	139.09	—	—
	—	23.71	22.83	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	24.13	20.67	13.67	11.21	15.49	4.91	20.17	30.98	13.91	2.58	4.59	4.09
	0.20	0.01	3.99	0.00	0.65	0.39	0.96	0.09	0.37	0.00	0.00	—
	24.33	20.68	17.66	11.21	16.14	5.30	21.13	31.07	14.28	2.58	4.59	4.09
	21.83	18.98	16.48	10.18	14.56	4.81	19.93	25.69	13.07	2.06	3.91	3.50
	8.30	5.75	2.17	3.24	9.83	0.75	15.17	22.65	6.67	0.30	3.49	1.82
	6.61	8.99	10.97	3.50	0.41	1.98	1.94	—	4.29	1.48	—	0.05
	1.86	1.40	1.46	1.55	1.63	1.34	1.76	1.62	0.58	0.18	0.36	0.20
	0.65	0.57	0.24	0.00	0.07	0.01	0.23	0.25	0.08	0.07	0.05	0.12
	3.15	0.82	0.93	0.86	0.85	0.21	0.10	0.14	0.18	0.14	0.06	0.09
	1.82	1.45	1.60	1.02	1.47	0.70	0.73	1.03	0.65	0.52	0.14	0.66
	2.50	1.70	1.18	1.03	1.58	0.48	1.20	5.38	1.21	0.53	0.68	0.59
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	2.50	1.70	1.18	1.03	1.58	0.48	1.20	5.38	1.21	0.53	0.68	0.59
	0.84	0.26	0.62	0.27	0.43	0.13	0.08	1.40	0.32	0.14	0.11	0.30
	1.66	1.44	0.56	0.76	1.15	0.36	1.12	3.98	0.90	0.39	0.57	0.29
	0.08	0.00	0.00	0.04	0.06	0.02	0.06	0.21	0.05	0.02	0.03	0.16
Key metrics
	6.30	3.09	2.35	1.89	2.50	0.70	1.53	5.77	1.47	0.74	0.79	0.80
	26.10%	14.90%	17.20%	16.90%	16.10%	14.30%	7.60%	18.60%	10.60%	28.70%	17.20%	19.60%
	6.90%	7.00%	4.10%	6.80%	7.40%	7.30%	5.60%	12.80%	6.50%	15.10%	12.40%	7.10%
	1.10%	—	0.50%	—	0.60%	—	0.50%	—	—	—	—	—
	55.80%	321.00%	-32.20%	-63.80%	11.40%	90.30%	339.40%	657.50%	—	—	—	—
	44.30%	300.00%	-50.00%	-80.90%	27.80%	-7.70%	96.50%	1,272.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	69.68	45.27	67.64	19.18	13.42	1.18
	4.20	5.03	1.42	0.50	0.04	0.04
	73.88	50.30	69.07	19.68	13.46	1.22
	67.47	46.03	60.75	16.59	12.37	0.91
	19.46	15.99	44.80	3.81	10.03	—
	30.07	16.87	7.71	7.50	—	0.82
	6.27	5.98	4.13	0.69	0.25	0.04
	1.46	0.32	0.63	0.20	0.02	—
	5.76	2.85	0.56	0.24	0.05	—
	5.89	4.79	2.92	1.73	2.02	0.05
	6.41	4.27	8.32	3.09	1.09	0.32
	0.00	0.00	0.00	—	—	—
	6.41	4.27	8.32	3.09	1.09	0.32
	1.99	1.44	1.94	0.90	0.22	0.09
	4.42	2.83	6.39	2.19	0.88	0.23
	0.12	0.00	0.34	0.11	0.05	0.33
Key metrics
	13.63	7.44	9.51	3.53	1.16	0.32
	19.56%	16.40%	14.10%	18.40%	8.60%	27.10%
	6.34%	6.30%	9.40%	11.40%	6.60%	19.50%
	—	1.60%	3.20%	—	—	—
	-2.61%	-33.10%	252.70%	42.90%	1,037.30%	—
	-33.13%	-55.70%	191.80%	148.90%	282.60%	—
	—	-64.53	-45.25	—	—	—
	—	-8.27	-4.95	—	—	—
	—	0.07	0.01	—	—	—
	—	16.35	-3.42	—	—	—
	—	481.1	186.8	—	—	—
Balance sheet
	—	321.88	296.50	—	—	—
	—	216.60	229.56	—	—	—
	—	3.95	5.87	—	—	—
	—	43.10	32.85	—	—	—
	—	30.40	12.29	—	—	—
	—	30.78	25.49	—	—	—
	—	85.71	6.95	—	—	—
	—	13.83	10.53	—	—	—
	—	36.07	13.74	—	—	—
	—	20.30	2.45	—	—	—
	—	17.85	0.00	—	—	—
	—	2.45	2.45	—	—	—
	—	282.78	280.08	—	—	—
Cash flow
	—	-23.40	-31.62	—	—	—
	—	3.38	-133.46	—	—	—
	—	18.09	170.09	—	—	—
	—	41.13	13.63	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +49.98%
Sales CAGR 5Y: —
Profit CAGR 3Y: +47.61%
Profit CAGR 5Y: —
Sales YoY (TTM): -2.61%
Profit YoY (TTM): -33.13%

Consolidated

Sales CAGR 3Y: +85.08%
Sales CAGR 5Y: —
Profit CAGR 3Y: +46.72%
Profit CAGR 5Y: —
Sales YoY (TTM): -11.31%
Profit YoY (TTM): -59.25%

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: 55.36%

Quarter	September 2026	June 2026	December 2025
Promoter %	55.36%	59.17%	59.17%

Holder	Type	Holding	Previous	Change
RAGHUVIR INTERNATIONAL PRIVATE LIMITED	Promoter Group	21.95%	21.95%	0.00%
SHREE SAIBABA EXIM PRIVATE LIMITED	Promoter Group	18.82%	22.63%	-3.81%
ARTIBEN JAYESHBHAI THAKKAR	Promoter	14.59%	14.59%	0.00%
MOOLCHAND KIRAN KUMAR JAIN	Public	2.59%	2.59%	0.00%
SUMIT P DESAI (HUF)	Public	1.53%	1.53%	0.00%
SETU SECURITIES PVT LTD	Public	1.05%	—	—
KAVIT JAYESHBHAI THAKKAR	Promoter	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
Maruti Suzuki India Ltd.	3,76,316	11,969.25	27.98	17.00%	+29.61% TTM	-8.99% TTM	-22.13%
Mahindra & Mahindra Ltd.	3,67,090	2,952.00	18.13	16.30%	+26.18% TTM	+35.82% TTM	-17.58%
HYUNDAI MOTOR INDIA LIMITED	1,67,148	2,057.10	36.54	32.60%	+7.97% TTM	-19.97% TTM	-14.05%
TATA MOTORS PASSENGER VEHICLES LIMITED	1,02,498	278.30	1.29	0.30%	-21.70% TTM	+268.29% TTM	-31.54%
Force Motors Limited	23,637	18,136.75	19.99	33.80%	+16.45% TTM	+10.96% TTM	-0.90%
OLECTRA GREENTECH LIMITED	8,684	1,058.00	48.20	21.00%	+38.43% TTM	+27.78% TTM	-30.25%
MERCURY EV-TECH LIMITED	604	31.77	163.39	2.40%	-11.31% TTM	-59.25% TTM	-25.98%
Hindustan Motors Ltd. S	288	13.79	-72.58	-0.10%	-100.00% TTM	-133.99% TTM	-27.80%

Filings & corporate actions

Recent announcements

Intimation of Newspaper Publication2 Nov 2026 · Company Update / Newspaper Publication
Reaults for quarter end half-year ended September 30, 202631 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on 31-10-202631 Oct 2026 · Board Meeting / Outcome of Board Meeting
Mercury Ev-Tech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve Un-audited Financial Results ....19 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI (DP) regulations, 2018 for the quarter ended September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Resignation of Director5 Oct 2026 · Company Update / General
Intimation of appointment of Director5 Oct 2026 · Company Update / Change in Directorate
Outcome of Board Meeting held on Monday, October 05, 20265 Oct 2026 · Others / Outcome without intimation
Declaration of voting results of the 40th Annual General Meeting3 Oct 2026 · AGM/EGM / AGM
Appointment of Statutory Auditor30 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Appointment of Secretarial Auditor30 Sep 2026 · Company Update / General
Outcome of 40th AGM of the Company30 Sep 2026 · AGM/EGM / AGM
Intimaion of Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper Publication12 Sep 2026 · Company Update / Newspaper Publication
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shree Saibaba Exim Pvt Ltd11 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Intimation of Business Update11 Sep 2026 · Company Update / General
Intimation of Disclosure10 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shree Saibaba Exim Pvt Ltd9 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Notice of the 40th AGM of the Comapny to be held on September 30, 20268 Sep 2026 · AGM/EGM / AGM
Intimation of Annual Report for the FY 2025-268 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Disclosures8 Sep 2026 · Company Update / General
Intimation of revision in book closure dates6 Sep 2026 · Corp. Action / Book Closure
Outcome of Board Meeting held on September 06, 20266 Sep 2026 · Others / Outcome without intimation
Intimation of Book Closure31 Aug 2026 · Corp. Action / Book Closure
Intimation of Book Closure and Cut-off date for the 40th AGM31 Aug 2026 · Company Update / General
Outcome of Board Meeting held on August 31, 202631 Aug 2026 · Others / Outcome without intimation
Intimation of Monitoring Agency Report14 Aug 2026 · Company Update / Monitoring Agency Report
Intimation of Newapaper Publication14 Aug 2026 · Company Update / Newspaper Publication
Appointment of Secretarial Auditor13 Aug 2026 · Company Update / General
Un-audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 202613 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on Thursday, August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Mercury Ev-Tech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Un-audited Financial Results ....5 Aug 2026 · Board Meeting / Board Meeting
Intimation of Business Update15 Jul 2026 · Company Update / General
Intimation of Certificate under Reg. 74(5) of SEBI(DP) Regulations, 2018 for the quarter ended June 30, 202614 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of opening of Signature Showroom25 Jun 2026 · Company Update / General
Intimation of Listing Ceremony on NSE3 Jun 2026 · Company Update / General
Intimation of Newspaper Advertisement1 Jun 2026 · Company Update / Newspaper Publication
Result for the Qtr and year ended on 31st March 202631 May 2026 · Result / Financial Results
Baord Meeting Outcome31 May 2026 · Board Meeting / Outcome of Board Meeting

Board meetings

31 Oct 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results