Mercury EV-Tech

Why is Mercury EV-Tech Ltd falling/rising?

As of 14-Jun, Mercury EV-Tech Ltd's stock price is at 30.77, reflecting a 1.98% decline and a significant drop of 16.52% over the last nine days. The stock has underperformed over the past year and year-to-date, trading below its moving averages and contributing to a bearish trend.

As of 14-Jun, Mercury EV-Tech Ltd's stock price is falling, currently at 30.77, which reflects a decrease of 0.62 or 1.98%. The stock has been underperforming significantly, having lost value for the last nine consecutive days, resulting in a total decline of 16.52% during this period. Additionally, the stock's performance over various time frames shows a troubling trend; it has dropped 49.38% over the past year and is down 16.86% year-to-date, while the benchmark Sensex has only decreased by 11.37% in the same timeframe.<BR><BR>The stock is also trading below its moving averages across multiple periods, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Although there has been a slight increase in delivery volume, which rose by 2.35% against the 5-day average, this has not been enough to counteract the overall downward pressure on the stock. Furthermore, the stock has underperformed its sector by 3.96% today, contributing to the negative sentiment surrounding it.

Which are the latest news on Mercury EV-Tech?

What does Mercury EV-Tech do?

Mercury EV-Tech Ltd is a micro-cap company specializing in the manufacturing of electric vehicles, including scooters, cars, and buses. As of March 2026, it reported net sales of 20 Cr and a market cap of INR 621 Cr.

Overview: <BR>Mercury EV-Tech Ltd is a pioneer in the manufacturing of electric vehicles, including scooters, cars, buses, vintage cars, and golf cars, operating within the automobiles industry and classified as a micro-cap company.<BR><BR>History: <BR>Mercury EV-Tech Ltd was incorporated on July 4, 1986, and became a deemed public limited company on February 9, 1994. The company was formerly known as Mercury Metals Limited. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 20 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 621 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 146.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.01 <BR>Return on Equity: 3.14% <BR>Price to Book: 2.21 <BR><BR>Contact Details: <BR>Address: 36 Advani Market, O/s Delhi Gate Shahibaug Ahmedabad Gujarat : 380004 <BR>Tel: 91-79-65425275 <BR>Email: mcsstaahmd@gmail.com <BR>Website: http://www.mercurymetals.in

How big is Mercury EV-Tech?

As of 10th June, Mercury EV-Tech Ltd has a market capitalization of 621.00 Cr, with recent net sales of 102.08 Cr and a net profit of 4.18 Cr. Shareholder's funds are 276.87 Cr, and total assets amount to 335.57 Cr.

As of 10th June, Mercury EV-Tech Ltd has a market capitalization of 621.00 Cr, classified as a Micro Cap.<BR><BR>In the latest four quarters, the company reported Net Sales of 102.08 Cr and a Net Profit of 4.18 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 276.87 Cr and Total Assets of 335.57 Cr.

Who are in the management team of Mercury EV-Tech?

The management team of Mercury EV-Tech includes Jayesh Vimal Chellani (Independent Director), Kavit Jayeshbhai Thakkar (Director & CEO), Mikil Gohil (Company Secretary), and additional directors Darshan Shah, Harit Gopalbhai Shah, and Dineshkumar Sinha. They oversee the company's operations and strategic direction.

The management team of Mercury EV-Tech includes the following individuals:<BR><BR>1. **Jayesh Vimal Chellani** - Independent Director<BR>2. **Kavit Jayeshbhai Thakkar** - Director & Chief Executive Officer<BR>3. **Mikil Gohil** - Company Secretary<BR>4. **Darshan Shah** - Additional Director<BR>5. **Harit Gopalbhai Shah** - Additional Director<BR>6. **Dineshkumar Sinha** - Additional Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction. If you have any more questions about Mercury EV-Tech or its management, feel free to ask!

Who are the peers of the Mercury EV-Tech?

Mercury EV-Tech's peers include Atul Auto, Popular Vehicles, Indo Farm Equip., Eraaya Lifespace, Hindustan Motors, Competent Auto, Wardwizard Innovations, and Brady & Morris. While Atul Auto shows the best 1-year return at -8.88%, Mercury EV-Tech has the lowest at -48.24%.

Peers: The peers of Mercury EV-Tech are Atul Auto, Popular Vehicles, Indo Farm Equip., Eraaya Lifespace, Hindustan Motors, Competent Auto, Wardwizard Innovations, and Brady & Morris.<BR><BR>Quality Snapshot: Excellent management risk is observed at Brady & Morris, while Below Average management risk is found at Atul Auto, Popular Vehicles, Indo Farm Equip., and the rest. Average management risk is present at Mercury EV-Tech, Eraaya Lifespace, Hindustan Motors, Competent Auto, and Wardwizard Innovations. Growth is good at Atul Auto and below average at Popular Vehicles, Indo Farm Equip., Mercury EV-Tech, Eraaya Lifespace, Hindustan Motors, Competent Auto, and Wardwizard Innovations. Capital structure is good at Indo Farm Equip. and Eraaya Lifespace, while average capital structure is seen at Atul Auto, Mercury EV-Tech, Popular Vehicles, Hindustan Motors, Competent Auto, and Wardwizard Innovations.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Atul Auto at -8.88%, while the peer with the lowest is Mercury EV-Tech at -48.24%, indicating that Mercury EV-Tech's return is significantly worse than Atul Auto's. Additionally, several peers, including Popular Vehicles, Indo Farm Equip., Hindustan Motors, and Wardwizard Innovations, have negative six-month returns.

Are Mercury EV-Tech Ltd latest results good or bad?

Mercury EV-Tech Ltd's latest results are concerning, with a Q4 FY26 net profit of only ₹0.30 crores, an 80.65% decline year-on-year, and a negative operating margin of -11.58%. These figures reflect significant operational challenges and a sharp drop in sales, raising concerns about the company's sustainability in the electric vehicle market.

The latest results for Mercury EV-Tech Ltd are quite concerning. In Q4 FY26, the company reported a consolidated net profit of only ₹0.30 crores, which represents a staggering decline of 80.65% year-on-year and a 66.29% drop compared to the previous quarter. Additionally, net sales fell to ₹20.21 crores, marking a 34.13% decrease year-on-year and a 20.09% decrease from the previous quarter, which is the lowest revenue recorded in the past seven quarters.<BR><BR>The operating margin also turned negative at -11.58%, indicating significant operational challenges. This is a sharp decline from the positive margin of 17.05% in the previous quarter. The company's reliance on other income became evident, as it constituted a significant portion of its profit before tax, effectively masking the operational losses.<BR><BR>Overall, these results indicate a dramatic deterioration in the company's financial performance, highlighting severe demand challenges in the electric vehicle segment and raising concerns about its sustainability moving forward.

Should I buy, sell or hold Mercury EV-Tech Ltd?

When is the next results date for Mercury EV-Tech Ltd?

The next results date for Mercury EV-Tech Ltd is 12 February 2026.

The next results date for Mercury EV-Tech Ltd is scheduled for 12 February 2026.

How has been the historical performance of Mercury EV-Tech?

Mercury EV-Tech has shown significant growth in net sales and profitability, with net sales increasing from 1.18 Cr in March 2022 to 89.64 Cr in March 2025, and profit after tax rising from 0.23 Cr to 7.70 Cr during the same period, despite increasing liabilities. The company's financial performance reflects a strong upward trajectory in sales and profitability, supported by external financing.

Answer:<BR>The historical performance of Mercury EV-Tech shows significant growth in net sales and profitability over the past few years.<BR><BR>Breakdown:<BR>Mercury EV-Tech has demonstrated remarkable growth in net sales, increasing from 1.18 Cr in March 2022 to 89.64 Cr in March 2025. This upward trend is reflected in total operating income, which rose from 1.18 Cr in March 2022 to 89.64 Cr in March 2025. The company's total expenditure also increased, but at a slower rate, leading to an operating profit (PBDIT) of 11.56 Cr in March 2025, up from just 0.31 Cr in March 2022. Profit before tax followed a similar trajectory, reaching 9.94 Cr in March 2025 compared to 0.32 Cr in March 2022, while profit after tax also saw a substantial increase to 7.70 Cr in March 2025 from 0.23 Cr in March 2022. The company's earnings per share improved significantly, with an EPS of 0.39 in March 2025, compared to 0.12 in March 2022. On the balance sheet, total liabilities grew from 1.48 Cr in March 2022 to 150.60 Cr in March 2024, indicating increased borrowing to support growth. Despite this, shareholder's funds rose significantly, reflecting a strong equity position. Cash flow from operating activities remained negative, but cash flow from financing activities provided a net inflow, indicating reliance on external financing for growth. Overall, Mercury EV-Tech's financial performance illustrates a strong upward trajectory in sales and profitability, albeit with increasing liabilities.

Is Mercury EV-Tech technically bullish or bearish?

As of November 13, 2025, Mercury EV-Tech's technical trend has shifted to bearish, supported by negative signals from the MACD, Bollinger Bands, and moving averages, despite a mildly bullish KST signal on the weekly chart.

As of 13 November 2025, the technical trend for Mercury EV-Tech has changed from mildly bearish to bearish. The current stance is bearish, with a strong indication from the weekly and monthly MACD both showing bearish signals. The Bollinger Bands also confirm a bearish outlook on both time frames. Daily moving averages further support this bearish sentiment. Although the KST indicates a mildly bullish signal on the weekly chart, it is overshadowed by the overall bearish indicators. The lack of trend in Dow Theory on both weekly and monthly charts reinforces the bearish position. Overall, the technical stance is bearish with significant weakness indicated across multiple indicators.

Who are the top shareholders of the Mercury EV-Tech?

The top shareholders of Mercury EV-Tech include Shree Saibaba Exim Private Limited with 22.63%, individual investors with 29.02%, and 8 Foreign Institutional Investors holding 1.92%. The highest public shareholder is Sumit P Desai (huf) at 1.79%, with no pledged promoter holdings or mutual fund involvement.

The top shareholders of Mercury EV-Tech include Shree Saibaba Exim Private Limited, which holds the highest promoter stake at 22.63%. The company has a diverse ownership structure, with individual investors collectively holding 29.02%. Additionally, there are 8 Foreign Institutional Investors (FIIs) that hold a combined 1.92%. The highest public shareholder is Sumit P Desai (huf) with a holding of 1.79%. There are no pledged promoter holdings, and no mutual funds are currently involved with the company.

Is Mercury EV-Tech overvalued or undervalued?

As of July 26, 2023, Mercury EV-Tech is considered very expensive and overvalued with a PE ratio of 143.08, significantly higher than its peers, and has underperformed the Sensex with a year-to-date decline of 32.15%.

As of 26 July 2023, the valuation grade for Mercury EV-Tech has moved from does not qualify to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued, with a PE ratio of 143.08, an EV to EBITDA of 133.54, and an EV to Sales ratio of 12.08. These ratios suggest that the stock is trading at a premium compared to its earnings and sales, raising concerns about its valuation.<BR><BR>In comparison to peers, Mercury EV-Tech's PE ratio is notably higher than MMTC Ltd., which has a PE of 119.39, and Optiemus Infracom Ltd., which is valued at 82.35. Other peers like Elitecon International and Shree Global Tradefin Ltd. also exhibit high valuations, but none approach the extreme levels of Mercury EV-Tech. The company's recent stock performance has underperformed the Sensex, particularly year-to-date, where it has declined by 32.15% compared to the Sensex's gain of 5.56%. This further reinforces the notion that Mercury EV-Tech is currently overvalued in the market.

Has Mercury EV-Tech declared dividend?

No Dividend History Available