Mercury Ev-Tech Ltd - Stock Valuation and Financial Performance

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

Mercury Metals Share Price

79.98 1.32 1.68%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mercury Metals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Mercury Ev-Tech stock performance -

mw4me loader
P/E Ratio (SA):
605.90
Market Cap:
1,380.9 Cr.
52-wk low:
12.7
52-wk high:
143.8

Is Mercury Ev-Tech Ltd an attractive stock to invest in?

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 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -16.8%0.7%-3.7%-3.1%-12%-8.6%-10.1%-7.6%18.7%2.4%-
Value Creation
Index
NA-1.0-1.3-1.2-1.9-1.6-1.7-1.50.3-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.50.80.40.20.70.801.21.213.421
Sales YoY Gr.-60.4%-46.8%-63.4%353.3%22.1%-100%NA2.6%1,037.3%-
Adj EPS -0.40-0.1-0-0.1-0.1-0.1-0.10.10.10.1
YoY Gr.-NA-700%NANANANANANA-58.3%-
BVPS (₹) -0.81.31.510.80.70.60.60.734.6
Adj Net
Profit
-0.70-0.1-0.1-0.2-0.1-0.1-0.10.20.92
Cash Flow from Ops. 0000-0.2001-0.4-14.8-
Debt/CF from Ops. -737.600000000-1.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 44.8%81.6%NA1037.3%
Adj EPS NANANA-58.3%
BVPSNA31.7%68.6%324.3%
Share Price 44% 140.2% 383% 499.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
145358.82.2-3.7-3.1-12-8.6-10.1-7.618.73.43.5
Op. Profit
Mgn %
-11.32-26.8-48.3-25.7-14.60-10.523.38.413.7
Net Profit
Mgn %
-139.42.7-26.5-48.3-29.5-14.60-7.719.56.410.7
Debt to
Equity
-3.8000000000.5-
Working Cap
Days
2,8181,2652,3164,9518756730197121770605
Cash Conv.
Cycle
2,7749401,1591,8071381410210123549

Recent Performance Summary

Sales growth is good in last 4 quarters at 565.62%

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mercury Ev-Tech Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0.1
TTM Sales (₹ Cr.) 21.4 24.3
BVPS (₹.) 4.6 4.6
Reserves (₹ Cr.) 62 63
P/BV 17.27 17.15
PE 605.90 636.34
From the Market
52 Week Low / High (₹) 12.69 / 143.80
All Time Low / High (₹) 0.33 / 143.80
Market Cap (₹ Cr.) 1,381
Equity (₹ Cr.) 17.6
Face Value (₹) 1
Industry PE 28.3

Management X-Ray of Mercury Metals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Mercury Metals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales01001101113
Operating Expenses 11101101112
Manufacturing Costs0000000001
Material Costs01001101110
Employee Cost 0000000000
Other Costs 0000000001
Operating Profit 0000000001
Operating Profit Margin (%) -11.3%2.0%-26.8%-48.2%-38.6%-14.6%--10.5%23.3%8.4%
Other Income 0000000000
Interest 0000000000
Depreciation 0000000000
Exceptional Items -2000000000
Profit Before Tax -2000000001
Tax 0000000000
Profit After Tax -2000000001
PAT Margin (%) -438.0%2.7%-26.5%-48.2%-38.6%-14.6%--7.7%19.5%6.6%
Adjusted EPS (₹)-1.10.0-0.10.0-0.1-0.1-0.1-0.10.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -13321111150
Share Capital 77111111117
Reserves -9-5211110133
Minority Interest0000000000
Debt40000000022
Long Term Debt40000000022
Short Term Debt0000000000
Trade Payables0000000003
Others Liabilities 0000000001
Total Liabilities 33322111176

Fixed Assets

Gross Block0000000002
Accumulated Depreciation0000000000
Net Fixed Assets0000000002
CWIP 0000000009
Investments 0000000000
Inventories1110000006
Trade Receivables1000100006
Cash Equivalents 0000000119
Others Assets01111110143
Total Assets 33322111176

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 000000010-15
PBT 0000000001
Adjustment -2000000000
Changes in Working Capital 2-000-0001-1-16
Tax Paid 0000000000
Cash Flow From Investing Activity 000000000-46
Capex 000000000-11
Net Investments 0000000000
Others 000000000-36
Cash Flow From Financing Activity 00000000069
Net Proceeds from Shares 00000000047
Net Proceeds from Borrowing 00000000022
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 0000000108
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A4.81-4.1-3.06-15.72-8.61-10.14-7.5618.683.45
ROCE (%)N/A0.88-3.74-3.06-15.72-8.61-10.55-7.5625.553.03
Asset Turnover Ratio0.120.260.140.060.360.5200.980.910.35
PAT to CFO Conversion(x)N/ANANNANNANNANNANNAN-INFNAN-15
Working Capital Days
Receivable Days1,8773810268212206000176
Inventory Days9285801,0941,77100000163
Payable Days660043010370000107

Mercury Ev-Tech Ltd Stock News

Mercury Ev-Tech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mercury Metals on 28-Mar-2024 16:01 is ₹79.98.
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 28-Mar-2024 16:01 the market cap of Mercury Metals stood at ₹1,380.9.
The latest P/E ratio of Mercury Metals as of 28-Mar-2024 16:01 is 605.9.
The latest P/B ratio of Mercury Metals as of 28-Mar-2024 16:01 is 17.27.
The 52-week high of Mercury Metals is ₹143.8 and the 52-week low is ₹12.69.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mercury Metals is ₹21.38 ( 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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.