Is Mercantile Ventures Ltd (538942) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mercantile Ventures Ltd is a below average quality company .

Is Mercantile Ventures Ltd (538942) undervalued or overvalued?

The key valuation ratios of Mercantile Ventures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Mercantile Ventures Ltd (538942) share price return in the past 10 years?

Mercantile Ventures Ltd share price has appreciated 8.7% annually (CAGR) over the past ten years.

Is Mercantile Ventures Ltd (538942) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mercantile Ventures Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Mercantile Ventures Ltd (538942)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mercantile Ventures Ltd (538942) on 17-Apr-2026 16:59:59 at 16:59 is 23.00.

What is the P/E ratio of Mercantile Ventures?

The latest standalone P/E ratio of Mercantile Ventures as of 17-Apr-2026 is 40.72.

What is the P/B ratio of Mercantile Ventures Ltd (538942)?

The latest standalone P/B ratio of Mercantile Ventures Ltd (538942) as of 17-Apr-2026 is 0.76.

What is the 52-week high and low of Mercantile Ventures Ltd (538942)?

The 52-week high of Mercantile Ventures Ltd (538942) is Rs. 36.78 and the 52-week low is Rs. 17.50.

Mercantile Ventures Ltd (538942) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Mercantile Ventures Ltd (538942)
Brand: Mercantile Ventures

Mercantile Ventures Ltd (538942) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mercantile Ventures Ltd (538942)

BSE: 538942 NSE:

Key Metrics

Market Cap

₹256 Cr.

P/E Ratio

40.72

Price to Book (P/B)

0.76

Price to Sales (P/S)

6.09

EV/EBITDA

77.05

Return on Capital Employed (ROCE)

0.80%

Current Price

₹23

Return on Equity (ROE)

2.03%

Return on Assets (ROA)

1.94%

Operating Profit Margin

12.7%

Net Profit Margin

18.99%

Gross Profit Margin

9.2%

Book Value per Share

₹30.2

Sales Growth (YoY)

22.56%

Sales Growth (3 Years)

35.76%

Operating Profit Growth (1 Year)

740%

Operating Profit Growth (3 Years)

-20.42%

Net Profit Growth (1 Year)

615.46%

52-Week Low / High

₹18 / 37

Net Profit Growth (3 Years)

2.33%

Dividend Yield

0.00%

Promoter Holding

72.75%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Mercantile Ventures Ltd?

Mercantile Ventures Ltd revenue growth is 22.6% for FY-2025 , which is above its 5 year CAGR of 17.9% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Mercantile Ventures Ltd?

Promoters hold 72.75% of the Mercantile Ventures Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Mercantile Ventures Ltd vs industry peers?

Mercantile Ventures Ltd revenue CAGR is 17.88% , compared to the industry median CAGR of 0.2% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Mercantile Ventures Ltd belong to?

Mercantile Ventures Ltd belongs to the Miscellaneous sector, operating specifically within the Business Support segment.

Q.1 Stock return of Mercantile Ventures Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 8.7% based on the current price.

DeciZen - make an informed investing decision on Mercantile Ventures

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Mercantile Ventures stock performance

Key Ratios

Is Mercantile Ventures Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	2.9%	-9.8%	2.5%	1.8%	2.7%	3.5%	3%	2.5%	0.9%	0.8%	-
Value Creation Index ⓘ	-0.8	-1.7	-0.8	-0.9	-0.8	-0.8	-0.8	-0.8	-0.9	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4.3	4.7	5.2	5.4	16.1	15.5	14.6	20.8	29.8	36.6	42
Sales YoY Gr.	-	10.4%	9.8%	5.1%	196.9%	-3.6%	-5.6%	42.2%	43.6%	22.6%	-
Adj EPS ⓘ	0.4	-0.6	0.1	0.3	0.8	0.6	0.6	0.5	0.3	0.8	0.6
YoY Gr.	-	-275%	NA	115.4%	171.4%	-18.4%	-8.1%	-19.3%	-43.5%	211.5%	-
BVPS (₹) ⓘ	23.7	21.8	22	23.3	23.2	25.7	27.8	26	30.6	30.6	30.2
Adj Net Profit ⓘ	4.1	-7.1	1.5	3.1	8.5	7	6.4	5.2	2.9	9.1	6
Cash Flow from Ops. ⓘ	-19.4	-27.6	4	11.2	4.7	24.5	17.8	-12.2	39.1	-7.8	-
Debt/CF from Ops. ⓘ	-0.5	-0.2	1	0	0	0	0	-0.3	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	27%	17.9%	35.8%	22.6%
Adj EPS ⓘ	9.4%	1.3%	12.4%	211.5%
BVPSⓘ	2.9%	5.7%	3.2%	0%
Share Price	8.7%	9.2%	10.4%	0.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.5	-2.8	0.6	1.2	3.3	2.6	2.2	1.7	0.9	2.8	1.8
Op. Profit Mgn % ⓘ	35.1	35.1	42.6	34.1	21.4	20.3	17.1	14.1	11.8	12.7	2.6
Net Profit Mgn % ⓘ	95.5	-150.8	28.4	58	53	45	44	25	9.7	24.8	14.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	17,475	11,959	5,653	3,734	1,352	1,580	2,089	1,490	772	518	211
Cash Conv. Cycle ⓘ	66	54	62	64	44	72	83	69	64	67	152

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.6	1.1
TTM Sales (₹ Cr.)	42	88.9
BVPS (₹) ⓘ	30.2	28.8
Reserves (₹ Cr.) ⓘ	226	210
P/BV ⓘ	0.76	0.79
PE ⓘ	40.72	20.48

From the Market
52 Week Low / High (₹)	17.50 / 36.78
All Time Low / High (₹)	2.74 / 37.14
Market Cap (₹ Cr.)	256
Equity (₹ Cr.)	111.9
Face Value (₹)	10
Industry PE ⓘ	32.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mercantile Ventures - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	4	5	5	5	16	15	15	21	30	37
Operating Expenses ⓘ +	4	3	5	4	13	12	12	18	30	35
Manufacturing Costs	0	0	0	0	10	9	9	14	22	28
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	1	1	1	1	1	1	1	1	1	1
Other Costs ⓘ	3	2	4	3	2	2	2	3	6	6
Operating Profit ⓘ	0	2	0	1	3	3	3	2	0	1
Operating Profit Margin (%)	8.2%	35.1%	2.5%	25.8%	21.4%	20.3%	17.1%	11.8%	0.5%	3.4%
Other Income ⓘ +	8	5	7	4	5	7	7	6	4	2
Exceptional Items ⓘ	0	-31	0	0	0	0	0	0	0	0
Interest ⓘ	2	2	1	1	0	0	0	0	0	0
Depreciation ⓘ	0	1	1	1	1	1	1	1	1	1
Profit Before Tax ⓘ	6	-28	6	4	7	9	9	7	2	3
Tax ⓘ	2	1	5	1	-2	2	2	2	1	-4
Profit After Tax	4	-29	1	3	9	7	6	5	1	7
PAT Margin (%)	95.2%	-610.0%	15.0%	52.2%	53.2%	45.2%	44.3%	24.6%	3.3%	19.0%
Adjusted EPS (₹)	0.4	-2.6	0.1	0.3	0.8	0.6	0.6	0.5	0.1	0.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	266	244	246	261	259	287	311	291	328	328
Share Capital ⓘ	113	112	112	112	112	112	112	112	112	112
Reserves ⓘ	154	132	134	149	147	175	199	179	216	216
Debt +	9	4	4	0	0	0	0	4	0	0
Long Term Debt	9	4	4	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	4	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	0	0	0	0	0	0	0	0	0
Others Liabilities ⓘ	19	2	-0	-2	-3	-1	2	17	32	28
Total Liabilities ⓘ	294	250	250	259	256	286	313	312	361	357
Fixed Assets
Net Fixed Assets ⓘ +	44	85	84	81	63	63	62	61	69	73
Gross Block	45	87	87	85	68	68	68	68	78	83
Accumulated Depreciation	1	2	3	4	5	6	7	8	9	9
CWIP ⓘ	0	0	44	44	44	44	0	0	0	0
Investments ⓘ	45	62	63	79	73	93	149	180	232	234
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	1	2	1	1	3	4	4	4	7	8
Cash Equivalents	0	1	1	3	9	19	2	1	3	2
Others Assets ⓘ	205	100	57	51	63	64	96	65	50	40
Total Assets ⓘ	294	250	250	259	256	286	313	312	361	357

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-19	-28	4	11	5	25	18	-12	39	-8
PBT ⓘ	6	-22	12	15	-3	30	26	-7	44	3
Adjustment ⓘ	-6	-3	-6	-2	18	-6	-5	-5	-3	-9
Changes in Working Capital ⓘ	-13	-2	-1	-0	-8	3	-1	2	-0	-0
Tax Paid ⓘ	-6	-0	-1	-1	-2	-3	-2	-2	-2	-2
Cash Flow From Investing Activity ⓘ +	18	34	-4	-5	1	-14	-35	7	-33	7
Capex	-1	-0	1	2	-4	-0	-0	-0	-0	-5
Net Investments	-2	-2	-3	-15	5	-19	-57	-31	-52	-2
Others ⓘ	21	36	-3	8	0	5	22	38	18	13
Cash Flow From Financing Activity ⓘ +	-3	-6	-0	-4	0	0	0	4	-4	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-3	-6	-0	-4	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	4	-4	0
Net Cash Flow ⓘ	-5	1	-0	2	6	10	-17	-1	2	-1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.53	-11.24	0.32	1.11	3.28	2.56	2.17	1.7	0.31	2.03
ROCE (%)	2.87	-9.78	2.52	1.8	2.72	3.53	3.02	2.45	0.85	0.8
Asset Turnover Ratio	0.01	0.02	0.02	0.02	0.06	0.06	0.05	0.07	0.09	0.1
PAT to CFO Conversion(x)	-4.75	N/A	4	3.67	0.56	3.57	3	-2.4	39	-1.14
Working Capital Days
Receivable Days	66	81	103	87	51	81	91	72	68	71
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

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Mercantile Ventures Ltd FAQs

The current trading price of Mercantile Ventures on 17-Apr-2026 16:59 is ₹23.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Mercantile Ventures stood at ₹255.5 Cr

The latest P/E ratio of Mercantile Ventures as of 16-Apr-2026 is 40.72.

The latest P/B ratio of Mercantile Ventures as of 16-Apr-2026 is 0.76.

The 52-week high of Mercantile Ventures is ₹36.78 and the 52-week low is ₹17.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mercantile Ventures is ₹41.98 ( Cr.) .

About Mercantile Ventures Ltd

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Mercantile Ventures Ltd (538942) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mercantile Ventures Share Price