My Dashboard
Fin. Planning
Our Solutions
Stocks
Funds
Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
BSE: 531357 | NSE: | Automobiles - Passenger Cars | Small Cap
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.
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'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | -0.9% | -16.8% | 0.7% | -3.7% | -3.1% | -12% | -8.6% | -10.1% | -7.6% | 18.7% | - | ||
| Value Creation Index ⓘ | -1.1 | NA | -1.0 | -1.3 | -1.2 | -1.9 | -1.6 | -1.7 | -1.5 | 0.3 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 0 | 0.5 | 0.8 | 0.4 | 0.2 | 0.7 | 0.8 | 0 | 1.2 | 1.2 | 18 | ||
| YoY Gr. Rt. % | - | NA | 60.4% | -46.8% | -63.4% | 353.3% | 22.1% | -100% | NA | 2.6% | - | ||
| Adj EPS ⓘ | -0 | -0.4 | 0 | -0.1 | -0 | -0.1 | -0.1 | -0.1 | -0.1 | 0.1 | 0.1 | ||
| YoY Gr. Rt. % | - | NA | NA | -700% | NA | NA | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 0.3 | -0.8 | 1.3 | 1.5 | 1 | 0.8 | 0.7 | 0.6 | 0.6 | 0.7 | 3 | ||
| Adj Net Profit ⓘ | -0.1 | -0.7 | 0 | -0.1 | -0.1 | -0.2 | -0.1 | -0.1 | -0.1 | 0.2 | 2 | ||
| Cash Flow from Ops. ⓘ | -0.1 | 0 | 0 | 0 | 0 | -0.2 | 0 | 0 | 1 | -0.4 | - | ||
| Debt/CF from Ops. ⓘ | -64.4 | -737.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | NA | 51.1% | 12.4% | 2.6% | ||||||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||||||
| BVPSⓘ | 10.7% | -6.3% | 0.5% | 20.7% | ||||||||
| Share Price | 41.5% | 116.9% | 333.2% | 503.4% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -4.4 | 145358.8 | 2.2 | -3.7 | -3.1 | -12 | -8.6 | -10.1 | -7.6 | 18.7 | 5.4 | |
| Op. Profit Mgn % ⓘ | 0 | -11.3 | 2 | -26.8 | -48.3 | -25.7 | -14.6 | 0 | -10.5 | 23.3 | 11.4 | |
| Net Profit Mgn % ⓘ | 0 | -139.4 | 2.7 | -26.5 | -48.3 | -29.5 | -14.6 | 0 | -7.7 | 19.5 | 9.2 | |
| Debt to Equity ⓘ | 3.8 | -3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Working Cap Days ⓘ | 0 | 2,818 | 1,265 | 2,316 | 4,951 | 875 | 673 | 0 | 197 | 121 | 0 | |
| Cash Conv. Cycle ⓘ | 0 | 2,774 | 940 | 1,159 | 1,807 | 138 | 141 | 0 | 21 | 58 | 0 | |
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%
| 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 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Download APP
