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Mercantile Ventures Ltd (MERCANTILE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538942 NSE: MERCANTILE Business Support | Small Cap | Mercantile Ventures Share Price

₹26.85 -2.15 (-7.41%)

As on 04-Jun'26 16:59

Mercantile Ventures Ltd (MERCANTILE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538942 NSE: MERCANTILE Business Support | Small Cap | Mercantile Ventures Share Price

₹26.85 -2.15 (-7.41%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹301 Cr.
Current Price
₹26.9
52-Week Low / High
₹18 / 37
TTM EPS
₹0.1
TTM Sales
₹42.9 Cr.
Book Value per Share
₹25.8
P/E Ratio
227.65
Higher than its 5-year historical median
Industry PE
23
Price to Book (P/B)
1.04
Higher than its 5-year historical median
Price to Sales (P/S)
7.00
Lower than its 5-year historical median
EV/EBITDA
114.84
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.03%
Underperforms industry median
Return on Capital Employed (ROCE)
0.80%
Underperforms industry median
Return on Assets (ROA)
1.94%
Operating Profit Margin
12.7%
Net Profit Margin
18.99%
Gross Profit Margin
9.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
22.56%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
740%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
615.46%
Asset Quality
Promoter Holding
72.75%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹177 Cr.
Equity
₹111.9 Cr.
Face Value
₹10
All Time Low / High
₹2.74 / 37.14

Mercantile Ventures stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Mercantile Ventures Ltd a good quality company?
Mercantile Ventures 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 Mercantile Ventures Ltd performance compare with that of its Peers?
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 0.35%, indicating faster growth and gaining its market share.
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 Stock return of Mercantile Ventures Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.4% 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

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.
Mercantile Ventures Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
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

Sales 4.34.75.25.416.115.514.620.829.836.643
Sales YoY Gr.-10.4%9.8%5.1%196.9%-3.6%-5.6%42.2%43.6%22.6%-
Adj EPS 0.4-0.60.10.30.80.60.60.50.30.80.1
YoY Gr.--275%NA115.4%171.4%-18.4%-8.1%-19.3%-43.5%211.5%-
BVPS (₹) 23.721.82223.323.225.727.82630.630.625.8
Adj Net
Profit
4.1-7.11.53.18.576.45.22.99.11
Cash Flow from Ops. -19.4-27.6411.24.724.517.8-12.239.1-7.8-
Debt/CF from Ops. -0.5-0.210000-0.300-

CAGR

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%
BVPS2.9%5.7%3.2%0%
Share Price 10.7% 6.3% 17.2% 22%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.5-2.80.61.23.32.62.21.70.92.80.4
Op. Profit
Mgn %
35.135.142.634.121.420.317.114.111.812.70.3
Net Profit
Mgn %
95.5-150.828.458534544259.724.83.1
Debt to
Equity
00000000000
Working Cap
Days
17,47511,9595,6533,7341,3521,5802,0891,490772518187
Cash Conv.
Cycle
66546264447283696467139

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4555161515213037
Operating Expenses + 4354131212183035
Manufacturing Costs00001099142228
Material Costs0000000000
Employee Cost 1111111111
Other Costs 3243222366
Operating Profit 0201333201
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 + 8574577642
Exceptional Items 0-3100000000
Interest 2211000000
Depreciation 0111111111
Profit Before Tax 6-2864799723
Tax 2151-22221-4
Profit After Tax 4-2913976517
PAT Margin (%) 95.2%-610.0%15.0%52.2%53.2%45.2%44.3%24.6%3.3%19.0%
Adjusted EPS (₹)0.4-2.60.10.30.80.60.60.50.10.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mercantile Ventures - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 266244246261259287311291328328
Share Capital 113112112112112112112112112112
Reserves 154132134149147175199179216216
Debt +9440000400
Long Term Debt9440000000
Short Term Debt0000000400
Minority Interest0000000000
Trade Payables0000000000
Others Liabilities 192-0-2-3-12173228
Total Liabilities 294250250259256286313312361357

Fixed Assets

Net Fixed Assets +44858481636362616973
Gross Block45878785686868687883
Accumulated Depreciation1234567899
CWIP 00444444440000
Investments 456263797393149180232234
Inventories0000000000
Trade Receivables1211344478
Cash Equivalents 01139192132
Others Assets 2051005751636496655040
Total Assets 294250250259256286313312361357

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -19-2841152518-1239-8
PBT 6-221215-33026-7443
Adjustment -6-3-6-218-6-5-5-3-9
Changes in Working Capital -13-2-1-0-83-12-0-0
Tax Paid -6-0-1-1-2-3-2-2-2-2
Cash Flow From Investing Activity + 1834-4-51-14-357-337
Capex -1-012-4-0-0-0-0-5
Net Investments -2-2-3-155-19-57-31-52-2
Others 2136-380522381813
Cash Flow From Financing Activity + -3-6-0-40004-40
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3-6-0-4000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 00000004-40
Net Cash Flow -51-02610-17-12-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.53-11.240.321.113.282.562.171.70.312.03
ROCE (%)2.87-9.782.521.82.723.533.022.450.850.8
Asset Turnover Ratio0.010.020.020.020.060.060.050.070.090.1
PAT to CFO Conversion(x)-4.75N/A43.670.563.573-2.439-1.14
Working Capital Days
Receivable Days66.5081.20103.2087.3051.108190.807267.7071.20
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mercantile Ventures Ltd FAQs

The current trading price of Mercantile Ventures on 04-Jun-2026 16:59 is ₹26.85.

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 03-Jun-2026 the market cap of Mercantile Ventures stood at ₹300.5 Cr

The latest P/E ratio of Mercantile Ventures as of 03-Jun-2026 is 227.7.

The latest P/B ratio of Mercantile Ventures as of 03-Jun-2026 is 1.04.

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 ₹42.93 ( Cr.) .

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

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

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.

About Mercantile Ventures Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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