Mercury EV-Tech

Which are the latest news on Mercury EV-Tech?

Why is Mercury EV-Tech Ltd falling/rising?

As of 05-Sep, Mercury EV-Tech Ltd's stock price is at 36.69, down 1.21%, and has significantly underperformed its sector and the benchmark Sensex. The stock's declining delivery volume and year-over-year drop of 27.76% indicate waning investor confidence and ongoing weakness.

As of 05-Sep, Mercury EV-Tech Ltd's stock price is currently at 36.69, reflecting a decrease of 0.45 or 1.21%. The stock has underperformed its sector today by 1.54%. Over the past week, the stock has declined by 5.17%, while the benchmark Sensex has only decreased by 0.97%. This indicates a significant underperformance relative to the market.<BR><BR>Additionally, the stock's delivery volume has fallen sharply, with a reported volume of 50.9k on September 3, which is down by 54.72% compared to the 5-day average. This decline in investor participation suggests a lack of interest or confidence among investors, contributing to the downward pressure on the stock price.<BR><BR>Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, the stock is lower than the 5-day moving average, indicating a short-term weakness. Year-to-date, the stock has decreased by 0.86%, while the Sensex has dropped by 10.21%, showing that it has fared better than the broader market over this period. However, over the past year, the stock has fallen by 27.76%, significantly underperforming the Sensex, which has only decreased by 5.21%.<BR><BR>Overall, the combination of declining investor participation, recent underperformance relative to both the sector and the benchmark, and the significant year-over-year decline are key factors contributing to the current fall in Mercury EV-Tech Ltd's stock price.

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.

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>If you need more information about their roles or the company, feel free to ask!

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 June 2026, it reported net sales of 33 Cr and a net profit of 2 Cr, with a market cap of INR 745 Cr.

Overview: <BR>Mercury EV-Tech Ltd is a pioneer in the manufacturing of electric vehicles, including electric scooters, cars, buses, vintage cars, and golf cars, operating within the automobiles industry and classified as a micro-cap company.<BR><BR>History: <BR>The company was incorporated in 1986 and became a deemed public limited company in 1994. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 33 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 745 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 162.00 <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: 2.62 <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

Who are the peers of the Mercury EV-Tech?

Mercury EV-Tech's peers include Landmark Cars, TIL, Atul Auto, Popular Vehicles, Indo Farm Equip., Ebix, and Hindustan Motors. Atul Auto shows the highest 1-year return at 14.18%, while Mercury EV-Tech has a return of -25.06%.

Peers: The peers of Mercury EV-Tech are Landmark Cars, TIL, Atul Auto, Popular Vehicles, Indo Farm Equip., Ebix, Hindustan Motors.<BR><BR>Quality Snapshot: Excellent management risk is observed at Atul Auto, while Average management risk is found at Landmark Cars, TIL, Popular Vehicles, and Hindustan Motors. Below Average management risk is noted at Indo Farm Equip. and Ebix. Growth is rated as Good for Atul Auto, while Below Average growth is seen at Landmark Cars, TIL, Mercury EV-Tech, Popular Vehicles, Indo Farm Equip., Ebix, and Hindustan Motors. Capital Structure is rated as Good for Indo Farm Equip. and Ebix, while Below Average capital structure is found at Landmark Cars, TIL, Mercury EV-Tech, Popular Vehicles, and Hindustan Motors.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Atul Auto at 14.18%, while the peer with the lowest is Ebix at -54.25%. Mercury EV-Tech's own 1-year return is -25.06%, which is better than Ebix but worse than Atul Auto. Additionally, Indo Farm Equip., Ebix, and Hindustan Motors have negative six-month returns.

How big is Mercury EV-Tech?

As of 31st August, Mercury EV-Tech Ltd has a market capitalization of 745.00 Cr, with recent net sales of 112.89 Cr and a net profit of 4.56 Cr. Shareholder's funds are 276.87 Cr and total assets amount to 335.57 Cr as of March 2025.

As of 31st August, Mercury EV-Tech Ltd has a market capitalization of 745.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 112.89 Cr and a Net Profit of 4.56 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.

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

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.

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