What is Mercury Ev-Tech Ltd (MERCURYEV) share price return in the past 10 years?

Mercury Ev-Tech Ltd share price has appreciated 57.9% annually (CAGR) over the past ten years.

What is the share price of Mercury Ev-Tech Ltd (MERCURYEV)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mercury Ev-Tech Ltd (MERCURYEV) on 02-Jul-2026 16:59:59 at 16:59 is 34.58.

What is the P/E ratio of Mercury Ev-Tech?

The latest standalone P/E ratio of Mercury Ev-Tech as of 02-Jul-2026 is 193.84.

What is the P/B ratio of Mercury Ev-Tech Ltd (MERCURYEV)?

The latest standalone P/B ratio of Mercury Ev-Tech Ltd (MERCURYEV) as of 02-Jul-2026 is 2.33.

What is the 52-week high and low of Mercury Ev-Tech Ltd (MERCURYEV)?

The 52-week high of Mercury Ev-Tech Ltd (MERCURYEV) is Rs. 59.40 and the 52-week low is Rs. 20.00.

Mercury Ev-Tech Ltd (MERCURYEV) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Mercury Ev-Tech Ltd (MERCURYEV)
Brand: Mercury Ev-Tech

Mercury Ev-Tech Ltd (MERCURYEV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531357 NSE: MERCURYEV Automobiles - Passenger Cars | Small Cap | Mercury Ev-Tech Share Price

Mercury Ev-Tech Ltd (MERCURYEV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531357 NSE: MERCURYEV Automobiles - Passenger Cars | Small Cap | Mercury Ev-Tech Share Price

Key Metrics

Valuation Multiples

Market Cap

₹657 Cr.

Current Price

₹34.6

52-Week Low / High

₹20 / 59

TTM EPS

₹0.2

TTM Sales

₹51.8 Cr.

Book Value per Share

₹14.9

P/E Ratio

193.84

Lower than its 5-year historical median

Industry PE

28.9

Price to Book (P/B)

2.33

Lower than its 5-year historical median

Price to Sales (P/S)

12.69

Lower than its 5-year historical median

EV/EBITDA

98.93

Lower than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

4.64%

Outperforms industry median

Return on Capital Employed (ROCE)

4.61%

Outperforms industry median

Return on Assets (ROA)

3.10%

Operating Profit Margin

12%

Net Profit Margin

9.44%

Gross Profit Margin

13.1%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

252.66%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

167%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

191.78%

Asset Quality

Promoter Holding

59.18%

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

0.00%

Reserves

₹263 Cr.

Equity

₹19 Cr.

Face Value

₹1

All Time Low / High

₹0.33 / 143.80

Mercury Ev-Tech stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Mercury Ev-Tech Ltd a good quality company?

Mercury Ev-Tech Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Mercury Ev-Tech Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Mercury Ev-Tech Ltd vs industry peers?

Mercury Ev-Tech Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 30.35%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of Mercury Ev-Tech Ltd?

Promoters hold 59.18% of the Mercury Ev-Tech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Mercury Ev-Tech Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 37.2% based on the current price.

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)

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-3.7%	-3.1%	-15.7%	-8.6%	-10.6%	-7.6%	25.6%	3%	3.7%	4.6%	-
Value Creation Index ⓘ	-1.3	-1.2	-2.1	-1.6	-1.8	-1.5	0.8	-0.8	-0.7	-0.7	-
Growth Parameters ⓘ
Sales ⓘ	0.4	0.2	0.7	0.8	0	1.2	1.2	12.9	19.2	67.6	52
Sales YoY Gr.	-	-63.4%	353.3%	22.1%	-100%	NA	2.6%	995.8%	48.3%	252.7%	-
Adj EPS ⓘ	-0.1	-0	-0.1	-0.1	-0.1	-0.1	0.1	0.1	0.1	0.3	0.2
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-58.3%	140%	183.3%	-
BVPS (₹) ⓘ	1.5	1	0.8	0.7	0.6	0.6	0.7	3	4.6	10.3	14.9
Adj Net Profit ⓘ	-0.1	-0.1	-0.2	-0.1	-0.1	-0.1	0.2	0.9	2.2	6.4	3
Cash Flow from Ops. ⓘ	-0	0	-0.2	-0	-0	1	-0.4	-14.8	-14.5	-31.6	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	-1.5	-1.7	-0.1	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	76.4%	NA	285.6%	252.7%
Adj EPS ⓘ	NA	NA	41.5%	183.3%
BVPSⓘ	24.2%	75.3%	144.8%	124.2%
Share Price	57.9%	122.8%	10.2%	-38.3%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-3.7	-3.1	-12	-8.6	-10.1	-7.6	18.7	3.4	3.4	3.5	1.4
Op. Profit Mgn % ⓘ	-26.8	-48.3	-25.7	-14.6	0	-10.5	23.3	4.9	15.8	12	8.9
Net Profit Mgn % ⓘ	-26.5	-48.3	-29.5	-14.6	0	-7.7	19.5	6.7	11.4	9.4	6.6
Debt to Equity ⓘ	0	0	0	0	0	0	0	0.5	0.3	0	-
Working Cap Days ⓘ	2,316	4,951	875	673	0	197	121	799	1,167	654	600
Cash Conv. Cycle ⓘ	1,159	1,807	138	141	0	21	0	137	172	121	552

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	0	0	1	1	0	1	1	13	19	68
Operating Expenses ⓘ +	1	0	1	1	0	1	1	12	16	60
Manufacturing Costs	0	0	0	0	0	0	0	0	0	1
Material Costs	0	0	1	1	0	1	1	10	14	53
Employee Cost	0	0	0	0	0	0	0	0	1	4
Other Costs ⓘ	0	0	0	0	0	0	0	2	1	2
Operating Profit ⓘ	-0	-0	-0	-0	-0	-0	0	1	3	8
Operating Profit Margin (%)	-26.8%	-48.2%	-38.6%	-14.6%	-	-10.5%	23.3%	4.9%	15.8%	12.0%
Other Income ⓘ +	0	0	0	0	0	0	0	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	1
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	1
Profit Before Tax ⓘ	-0	-0	-0	-0	-0	-0	0	1	3	8
Tax ⓘ	0	0	0	0	-0	0	0	0	1	2
Profit After Tax	-0	-0	-0	-0	-0	-0	0	1	2	6
PAT Margin (%)	-26.5%	-48.3%	-38.6%	-14.6%	-	-7.7%	19.5%	6.8%	11.4%	9.4%
Adjusted EPS (₹)	-0.1	-0.0	-0.1	-0.1	-0.1	-0.1	0.1	0.1	0.1	0.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Mercury Ev-Tech - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

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 +	3	2	1	1	1	1	1	50	80	195
Share Capital ⓘ	1	1	1	1	1	1	1	17	18	19
Reserves ⓘ	2	1	1	1	1	0	1	33	63	176
Debt +	0	0	0	0	0	0	0	22	25	2
Long Term Debt	0	0	0	0	0	0	0	22	23	2
Short Term Debt	0	0	0	0	0	0	0	0	2	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	0	0	0	0	0	0	3	6	11
Others Liabilities ⓘ	0	0	0	0	0	0	0	1	5	89
Total Liabilities ⓘ	3	2	2	1	1	1	1	76	116	297
Fixed Assets
Net Fixed Assets ⓘ +	0	0	0	0	0	0	0	2	5	7
Gross Block	0	0	0	0	0	0	0	2	6	8
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	1
CWIP ⓘ	0	0	0	0	0	0	0	9	43	55
Investments ⓘ	0	0	0	0	0	0	0	0	0	3
Inventories	1	0	0	0	0	0	0	6	5	12
Trade Receivables	0	0	1	0	0	0	0	6	13	33
Cash Equivalents	0	0	0	0	0	1	1	9	1	56
Others Assets ⓘ	1	1	1	1	1	0	1	43	48	131
Total Assets ⓘ	3	2	2	1	1	1	1	76	116	297

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 ⓘ +	-0	0	-0	-0	-0	1	-0	-15	-15	-32
PBT ⓘ	-0	-0	-0	-0	-0	-0	0	1	3	8
Adjustment ⓘ	0	0	0	0	0	0	-0	0	0	0
Changes in Working Capital ⓘ	0	0	-0	0	0	1	-1	-16	-18	-40
Tax Paid ⓘ	0	0	0	0	0	0	0	0	-0	-0
Cash Flow From Investing Activity ⓘ +	0	0	0	0	0	0	0	-46	-25	-133
Capex	0	0	0	0	0	0	0	-11	-23	-14
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	-36	-2	-120
Cash Flow From Financing Activity ⓘ +	0	0	0	0	0	0	0	69	31	170
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	47	29	193
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	22	0	-21
Interest Paid ⓘ	0	0	0	0	0	0	0	0	-0	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	3	-2
Net Cash Flow ⓘ	-0	0	0	-0	-0	1	-0	8	-8	5

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-4.1	-3.06	-15.72	-8.61	-10.14	-7.56	18.68	3.45	3.37	4.64
ROCE (%)	-3.74	-3.06	-15.72	-8.61	-10.55	-7.56	25.55	3.03	3.71	4.61
Asset Turnover Ratio	0.14	0.06	0.36	0.52	0	0.98	0.91	0.33	0.2	0.33
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-15	-7.5	-5.33
Working Capital Days
Receivable Days	0	267.60	211.60	206	0	0	0	182.90	189.30	124.90
Inventory Days	1,093.70	1,771.40	0	0	0	0	0	169.70	103.20	46.20
Payable Days	0	429.80	103.40	69.90	0	0	0	107.10	113	55.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mercury Ev-Tech Ltd FAQs

The current trading price of Mercury Ev-Tech on 02-Jul-2026 16:59 is ₹34.58.

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 01-Jul-2026 the market cap of Mercury Ev-Tech stood at ₹656.9 Cr

The latest P/E ratio of Mercury Ev-Tech as of 01-Jul-2026 is 193.8.

The latest P/B ratio of Mercury Ev-Tech as of 01-Jul-2026 is 2.33.

The 52-week high of Mercury Ev-Tech is ₹59.40 and the 52-week low is ₹20.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mercury Ev-Tech is ₹51.77 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mercury Ev-Tech Ltd is a below average quality company.

The key valuation ratios of Mercury Ev-Tech Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Mercury Ev-Tech Ltd

The company was originally incorporated as a “Mercury Metals Private Limited” on July 4, 1986 under the provisions of Companies Act, 1956 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently on February 17, 1995 the name of the Company was changed from “Mercury Metals Private Limited” to “Mercury Capital Limited”. Further, on January 10, 1997, the name of the Company was changed from “Mercury Capital Limited” to “Mercury Metals Limited” and a fresh Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli

The company was engaged in the trading of Metal till the Financial Year 2021-22. During the FY 2021-22, the existing management of the Company took over the promoter, promoter group holding along with management control of the Company after due compliance of applicable regulations of the SEBI Takeover Code. The new management decided to commence the business of Electronic Vehicle and ancillary business and necessary enabling main object was carried out with alteration in Main Object Clause in Memorandum of Association of the Company with the approval of shareholders.

The company is now engaged in manufacturing of electronic vehicles. The company introduce range of EV (electric vehicles) with the view to save the environment and conserve natural resources. The company’s flagship brand Thunderbolt has a huge product range with different models. It is the listed entity with a core segment of EV manufacturing. Catering to the age group of 18 to 60 years.

The company started its Research and Development (R&D) Division for 3W, 4W and also for the 2W at Gujarat Industrial area at Vadodara, Gujarat. At this facility, the company started development of key component like Chassis of the 2 Wheeler and 3 Wheeler. The Company has received certificate from International Centre for Automotive Technology (ICAT) for 2W segment and also applied for World Manufacturer Identifier (WMI) which is likely to be confirmed by mid of July 2022 for all its upcoming vehicles.

Moreover, the Company has started manufacturing of Chassis for captive consumption as well as the Company has received inquiries for manufacturing of chassis for established companies like Hero, Lords Automotive Private Limited, Blix Electric Scooters, Joy Bikes etc. The company has planned to manufacture 5000 chassis per month. The company at advance stage to acquired 80% stake in one of the company which is having ICAT approval for manufacturing of Motor Controller. The Company will start the documentation and production very shortly.

Business area of the company

The company is pioneer in the manufacturing of Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
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
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
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.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Mercury Ev-Tech Ltd (MERCURYEV)

Mercury Ev-Tech Ltd (MERCURYEV)

Mercury Ev-Tech stock performance

Check Before You Invest

Quality

Valuation

Price Trend

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 ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Mercury Ev-Tech - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mercury Ev-Tech Ltd FAQs

What is the share price of Mercury Ev-Tech?

What is the market cap of Mercury Ev-Tech?

What is the P/E ratio of Mercury Ev-Tech?

What is the P/B ratio of Mercury Ev-Tech?

What is the 52-week high and low of Mercury Ev-Tech?

What is the TTM revenue of Mercury Ev-Tech?

Is Mercury Ev-Tech Ltd a good quality company?

Is Mercury Ev-Tech Ltd undervalued or overvalued?

Is Mercury Ev-Tech Ltd a good buy now?

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