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Mercury Ev-Tech (MERCURYEV) had a P/E of 127.4× on 6 Nov 2026, above the industry P/E of 33.1×, and the shares are 31% below their 52-week high. Its ROCE of 2.3% is the lowest among the 7 largest Auto Manufacturers peers, and sales and net profit grew 87% and 47% a year over 3 years. It is a small-cap company with a market cap of ₹581 Cr, ranked 18th of 20 Auto Manufacturers companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹31.31
Day high
₹31.50
Day low
₹30.21
Prev. close
₹31.40
Volume
99.8K

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −13.1% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 127.4 vs industry 33.1.

  • GrowthStrong

    Sales +87.0%, profit +46.6% a year over 3 years.

  • ProfitabilityWeak

    ROCE 2.3% vs peer median 26.1%.

  • Balance sheetFair

    Piotroski 5 of 9.

  • Red flags4 to check

    Return on equity is low at 1.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Small cap

₹581 Cr, #18 of 20 in its industry by size.

High beta

Beta 2.03 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹119 Cr · profit ₹4 Cr
Market cap
₹581 Cr
Small cap
P/E
127.4
Industry 33.1
Price to book
2.09
Peers 8.38
Dividend yield
0.00%
ROE
1.6%
Peers 24.1%
ROCE
2.3%
Peers 26.1%
Debt to equity
n/a
EPS (TTM)
₹0.24
Face value ₹1
OPM (TTM)
6.1%
Net margin 3.6%
Sales growth
+47.9%
Latest quarter vs a year ago
Profit growth
−4.2%
Latest quarter vs a year ago
Price to sales
4.90

Strengths and risks

Strengths

  • Quarterly sales up 47.9% on a year ago.

Risks to check

  • Return on equity is low at 1.6%.
  • P/E of 127.4 against an industry P/E of 33.1.
  • 31% below its 52-week high.
  • Promoter stake down from 59.2% to 55.4%.

Derived automatically from reported figures. Not a recommendation.

About Mercury Ev-Tech

Mercury Ev-Tech Limited manufactures and trades electronic vehicles and other related parts in India. It offers electric cars, two-wheelers, commercial vehicles, and industrial fleets. The company was formerly known as Mercury Metals Limited and changed its name to Mercury Ev-Tech Limited in March 2023. Mercury Ev-Tech Limited was incorporated in 1986 and is based in Vadodara, India.

Headquarters
Vadodara
Employees
109
Sector
Consumer Cyclical
ISIN
INE763M01028
Website
mercuryevtech.com

Price range

52 weeks

₹29.75₹44.05

Today

₹30.21₹31.50
Avg volume (3M)
4.3 L
1-year return
minus 13.1%
From 52-week high
minus 30.6%

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.11%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.06%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.39%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.06%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.93%plus 30.2%
MERCURYEVMercury Ev-Tech30.58minus 2.61%581127.42.092.3%1.6%6.1%87.0%46.6%0.00%minus 13.1%
Median of 7 peers–0.77%2,13,45729.88.3826.1%24.1%14.5%17.5%21.1%1.06%11.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
22.63425.320.233.4
20.43122.921.930.1
2.132.4−1.73.3
9.4%8.9%9.4%−8.6%9.8%
0.50.604.70.4
0.10.10.210.7
0.31.211.10.9
2.22.31.20.91.9
25.7%21.6%37.6%81.7%20.0%
1.61.70.90.21.6
0.070.090.050.020.09

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+87.0%
Profit CAGR 3Y
+46.6%
EPS CAGR 3Y
+40.1%
ROE
1.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.62289.6102
–+41.1%+307.0%+13.9%
13.919.181.295.3
1.72.98.46.8
10.6%13.2%9.4%6.6%
00.51.1−0.5
00.20.50.6
0.10.30.83.6
0−01.84.6
1.62.99.96.6
13.2%31.0%22.6%33.4%
1.427.74.4
–+42.9%+286.4%minus 43.0%
0.080.110.390.22

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.717.61919
33.363.1258259
22.955.55.524.2
414.453.255.2
77151336357
42.179103127
8.742.758.631.6
––2.42.1
9.10.959.310
17.128113187
77151336357

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−14.1−14.6−43.8−31.7
−47.9−54.6−90.119.2
70.361.113911.3
8.3−8.25.1−1.1
−42.1−23−22.8−23.7
−56.1−37.6−66.7−55.4

Shareholding pattern

Source: NSE filings
55.4%
promoters
  • Promoters55.36%
  • Public44.64%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202655.36%44.64%minus 3.82
30 Jun 202659.18%40.82%0.00
1 Jun 202659.18%40.82%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you