IPO Plus

NSE · MERCURYEV

Mercury EV-Tech Limited

Promoter stake −3.81pp
₹30.58
₹581 Cr market cap
P/E
132.96
EPS
₹0.23
Book value
₹14.78
ROE
156.5%
ROCE
2.46%
Debt / equity
0.05

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

026.9853.9780.95108Mar 25Jun 25Sep 25Dec 25Mar 26Mar 26Jun 26Sep 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹24 Cr with net profit ₹2 Cr — a 6.88% net margin, versus 6.97% the period before.

Shareholding

As of 2026-09-30

55.36%
promoter holding
  • Promoter55.36%
  • Public44.07%
  • FII0.57%

74,700 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

59.18%55.36%Jun 25Sep 26

52-week position

Where the current price sits in its yearly band

₹29.75₹30.58₹44.05

The band spans 1.48× from low to high.

Risk flags

Derived from disclosed data

  • Promoter holding fell 3.81 percentage points to 55.36% in the latest disclosure.

Peer comparison

Automobiles - Passenger Cars · ranked #5 of 6 by market cap · medians across 5 industry peers

P/E
132.96vs 37.83 peer med
P/B
2.07vs 4.18 peer med
ROE %
156.5vs 13.96 peer med
Margin %
403.8vs 6.56 peer med
CompanyMkt capP/EP/BROEMargin
Mahindra & Mahindra Ltd.₹4,08,773 Cr20.284.1819.8%8.75%
Maruti Suzuki India Ltd.₹4,00,863 Cr29.83.6712.34%6.56%
Hyundai Motor India Ltd.₹1,73,071 Cr37.838.4922.45%6.31%
Tata Motors Passenger Vehicles Ltd.₹1,07,543 Cr117.740.965.47%23.23%
Mercury EV-Tech Limited(this company)₹581 Cr132.962.071.56%4.04%
Hindustan Motors Ltd.₹285 Cr65.058.9213.96%0%

AI analysis

AI-generated · google/gemini-2.5-flash

Mercury EV-Tech Limited (MERCURYEV) has a market capitalization of Rs 671 Cr. The company reported a revenue of Rs 93.09 Cr and a profit margin of 409.5%. Its earnings per share (EPS) stands at Rs 0.22, with a price-to-earnings (PE) ratio of 1766. The book value is Rs 14.76. The company's shares traded between a 52-week high of Rs 38.49 and a low of Rs 30.16.

Positives

  • +The profit margin is high at 409.5%.
  • +Return on equity (ROE) is significantly high at 314.7%.
  • +The debt-to-equity ratio is low at 0.17.
  • +Promoter holding is substantial at 59.18% as of June 30, 2026.
  • +There are no pledged promoter shares.

Negatives

  • −The company's P/E ratio is very high at 1766, suggesting a premium valuation.
  • −Revenue decreased from Rs 35.6 Cr in Dec 2024 to Rs 20.21 Cr in Mar 2026.
  • −Net profit decreased from Rs 4.28 Cr in Dec 2024 to Rs 0.3 Cr in Mar 2026.
  • −The company is under 'ESM · ESM 1' surveillance, indicating regulatory observation.
  • −No quarterly results have been disclosed since Mar 2026.

Financial performance

Mercury EV-Tech Limited reported a revenue of Rs 93.09 Cr. The company's net profit margin was 409.5%. Over the recent quarters, revenue has shown fluctuations, from Rs 35.6 Cr in Dec 2024 to Rs 20.21 Cr in Mar 2026. Net profit also varied, from Rs 4.28 Cr in Dec 2024 to Rs 0.3 Cr in Mar 2026.

Profitability & returns

The company’s profit margin stands at 409.5%. Return on equity (ROE) is 314.7%, while return on capital employed (ROCE) is 4.36%. Earnings per share (EPS) for the company is Rs 0.22.

Balance sheet

Mercury EV-Tech Limited has a book value of Rs 14.76. The debt-to-equity ratio is 0.17, indicating a relatively low reliance on debt for financing. The company has not declared any dividends, resulting in a dividend yield of 0%.

Ownership & pledges

The number of shareholders as of June 30, 2026, was 75,062. There are no pledged promoter shares.

Regulatory & surveillance

The company is under 'ESM · ESM 1' surveillance, with measures including 'ESM' and 'ESM'. This indicates that the stock is subject to specific enhanced surveillance measures by the regulatory authorities to ensure market integrity.

Data as of — price: 2026-11-07 · financials: Sep 26 · shareholding: Sep 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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