About
Mercury Ev-Tech Limited manufactures and trades electronic vehicles and other related renewable energy products in India. It electric cars, electric rikshaw, electric carts, electric vans, electric cycles, electric scooters, electric buses and other battery powered and electric vehicle. 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.
Key Metrics
as of Sep 2026Market Cap689 Cr
P/E151.00
Div Yield0.00 %
Book Value₹14.80
52w High₹53.20
52w Low₹20.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.38 | 20.21 | 25.29 | 34.01 | 22.57 | 30.68 | 35.60 | 19.48 | 3.87 | 5.57 | 4.58 | 5.52 | 7.25 |
| Expenses | 30.12 | 22.55 | 22.91 | 31.00 | 20.45 | 31.55 | 29.53 | 17.46 | 2.97 | 5.19 | 3.61 | 4.90 | 6.27 |
| Operating Profit | 3.26 | -2.34 | 2.38 | 3.01 | 2.12 | -0.87 | 6.07 | 2.02 | 0.90 | 0.38 | 0.97 | 0.62 | 0.98 |
| OPM % | 9.77 | -11.58 | 9.41 | 8.85 | 9.39 | -2.84 | 17.05 | 10.37 | 23.26 | 6.82 | 21.18 | 11.23 | 13.52 |
| Other Income | 0.36 | 4.71 | 0.02 | 0.64 | 0.50 | 2.87 | 0.18 | 0.40 | 0.00 | 0.00 | 0.00 | 0.50 | 0.00 |
| Depreciation | 0.94 | 1.13 | 1.00 | 1.22 | 0.30 | 0.22 | 0.16 | 0.21 | 0.17 | 0.08 | 0.12 | 0.08 | 0.06 |
| Interest | 0.73 | 0.39 | 0.20 | 0.08 | 0.13 | 0.41 | 0.31 | 0.08 | 0.07 | -0.05 | 0.12 | 0.14 | 0.01 |
| Profit before tax | 1.95 | 0.85 | 1.20 | 2.35 | 2.19 | 1.37 | 5.78 | 2.13 | 0.66 | 0.35 | 0.73 | 0.90 | 0.91 |
| Tax % | 20.00 | 80.00 | 37.50 | 21.70 | 25.57 | 2.92 | 25.95 | 24.88 | 25.76 | 31.43 | 27.40 | 34.44 | 18.68 |
| Net Profit | 1.65 | 0.30 | 0.89 | 1.72 | 1.27 | 1.55 | 4.28 | 1.60 | 0.49 | 0.23 | 0.53 | 0.59 | 0.75 |
| EPS in Rs | 0.09 | 0.02 | 0.05 | 0.09 | 0.07 | 0.08 | 0.23 | 0.09 | 0.03 | 0.01 | 0.03 | 0.04 | 0.04 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Sales | 102.00 | 89.00 | 22.00 | 16.00 | 1.00 |
| Expenses | 97.00 | 81.00 | 19.00 | 14.00 | 1.00 |
| Operating Profit | 5.00 | 8.00 | 3.00 | 2.00 | 0.00 |
| OPM % | 5.00 | 9.00 | 13.00 | 10.00 | 24.00 |
| Other Income | 6.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Interest | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 4.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 7.00 | 10.00 | 3.00 | 2.00 | 0.00 |
| Tax % | 34.00 | 23.00 | 31.00 | 13.00 | 28.00 |
| Net Profit | 4.00 | 8.00 | 2.00 | 1.00 | 0.00 |
| EPS in Rs | 0.22 | 0.39 | 0.11 | 0.08 | 0.01 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 18.00 | 17.00 | 0.70 |
| Reserves | 261.00 | 258.00 | 63.00 | 33.00 | 1.00 |
| Borrowings | 7.00 | 6.00 | 56.00 | 23.00 | 0.00 |
| Other Liabilities | 70.00 | 53.00 | 14.00 | 4.00 | 0.00 |
| Total Liabilities | 358.00 | 336.00 | 151.00 | 77.00 | 1.00 |
| Fixed Assets | 92.00 | 44.00 | 37.00 | 33.00 | 0.00 |
| CWIP | 28.00 | 59.00 | 43.00 | 9.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 238.00 | 233.00 | 71.00 | 35.00 | 1.00 |
| Total Assets | 358.00 | 336.00 | 151.00 | 77.00 | 1.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Cash from Operating Activity | -44.00 | -15.00 | -14.00 | 0.00 |
| Cash from Investing Activity | -90.00 | -55.00 | -48.00 | 0.00 |
| Cash from Financing Activity | 139.00 | 61.00 | 70.00 | 0.00 |
| Net Cash Flow | 5.00 | -8.00 | 8.00 | 0.00 |
| Free Cash Flow | -67.00 | -38.00 | -56.00 | 0.00 |
| CFO/OP % | -533.00 | -493.00 | -860.00 | -129.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Debtor Days | 157.00 | 228.00 | 112.00 | 0.00 |
| Inventory Days | 228.00 | 154.00 | 227.00 | 0.00 |
| Days Payable | 104.00 | 177.00 | 91.00 | — |
| Cash Conversion Cycle | 281.00 | 205.00 | 249.00 | 0.00 |
| Working Capital Days | 579.00 | 860.00 | 460.00 | 68.00 |
| ROCE % | 5.00 | 3.00 | 4.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 04 Aug 2022 | 04 Aug 2022 | — | — | Right Issue of Equity Shares |
| Other | 23 Nov 2015 | 24 Nov 2015 | — | — | Reduction of Capital |