Mercury Ev-Tech Ltd Stock Analysis

BSE: 531357 | NSE: | Automobiles - Passenger Cars | Small Cap

BSE Share Price 22-Sep-2023 18:02
47.97 0.94 (2.00%)

DeciZen - Make an Informed Decision on Mercury Metals

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Mercury Metals Price Chart

P/E Ratio ( SA) :
Market Cap :
784.8 Cr.
52-wk low :
52-wk high :
Bole Toh?

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

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

2. Is Mercury Ev-Tech Ltd undervalued or overvalued?

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

3. Is Mercury Ev-Tech Ltd a good buy now?

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.

10 Year X-Ray of Mercury Metals:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mercury Ev-Tech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -0.9%-16.8%0.7%-3.7%-3.1%-12%-8.6%-10.1%-7.6%18.7%-
Value Creation Index -1.1NA-1.0-1.3-1.2-1.9-1.6-1.7-1.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

YoY Gr. Rt. %-NA60.4%-46.8%-63.4%353.3%22.1%-100%NA2.6%-
Adj EPS -0-0.40-0.1-0-0.1-0.1-0.1-
BVPS (₹) 0.3-
Adj Net Profit -0.1-0.70-0.1-0.1-0.2-0.1-0.1-0.10.22
Cash Flow from Ops. -0.10000-0.2001-0.4-
Debt/CF from Ops. -64.4-737.600000000-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA51.1%12.4%2.6%
Share Price 41.5% 116.9% 333.2% 503.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -4.4145358.82.2-3.7-3.1-12-8.6-10.1-7.618.75.4
Op. Profit Mgn % 0-11.32-26.8-48.3-25.7-14.60-10.523.311.4
Net Profit Mgn % 0-139.42.7-26.5-48.3-29.5-14.60-7.719.59.2
Debt to Equity 3.8-3.800000000-
Working Cap Days 02,8181,2652,3164,95187567301971210
Cash Conv. Cycle 02,7749401,1591,807138141021580

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.40%

Sales growth is growing at healthy rate in last 3 years 12.44%

Sales growth is good in last 4 quarters at 3205.57%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mercury Ev-Tech Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 18.1 -
BVPS (₹.) 3 -
Reserves (₹ Cr.) 34 -
P/BV 15.58 -
PE 485.93 -
From the Market
52 Week Low / High (₹) 3.79 / 47.03
All Time Low / High (₹) 0.33 / 46.11
Market Cap (₹ Cr.) 785
Equity (₹ Cr.) 16.7
Face Value (₹) 1
Industry PE 29.1

Management X-Ray of Mercury Metals :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Mercury Metals

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Mercury Ev-Tech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mercury Metals on 22-Sep-2023 18:02 is : 47.97.
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 22-Sep-2023 18:02 the market cap of Mercury Metals stood at ₹ 784.8.
The latest PE ratio of Mercury Metals as of 22-Sep-2023 18:02 is 485.9.
The latest PB ratio of Mercury Metals as of 22-Sep-2023 18:02 is 15.58
The 52-week high of Mercury Metals is ₹ 47.03 and the 52-week low is ₹ 3.79.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mercury Metals is ₹ 18.07 ( Cr.) .

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.

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