MERCURYEV

Mercury Ev-Tech Limited

Mercury Ev-Tech Limited (MERCURYEV) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles

mercuryevtech.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹36.58
Market cap
695 Cr
Stock P/E
148.5
P/B
2.50
ROE (FY26)
1.5%
ROCE (FY26)
2.4%
Operating margin (FY26)
1.5%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
-611.5%
OCF / EBITDA (3Y)
-555.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

A listed vehicle company classed under passenger cars and utility vehicles, with four subsidiaries: Powermetz Energy, Traclaxx Tractors, DC2 Mercury Cars and Haitek Automotive.

Company snapshot

7thBy market cap

Ranked among 7 companies in Passenger Cars & Utility Vehicles.

What we see

Positives
  • ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales6 Cr5 Cr6 Cr4 Cr19 Cr36 Cr31 Cr23 Cr34 Cr25 Cr20 Cr33 Cr
Operating expenses (approx.)5 Cr4 Cr5 Cr3 Cr17 Cr30 Cr32 Cr20 Cr31 Cr23 Cr23 Cr30 Cr
EBITDA0.62 Cr0.97 Cr0.38 Cr0.90 Cr2 Cr6 Cr-0.87 Cr2 Cr3 Cr2 Cr-2 Cr3 Cr
OPM %11.2%21.1%6.8%23.2%10.4%17.0%-2.8%9.4%8.9%9.4%-11.6%9.8%
Other income0.50 Cr0 Cr-0.0005 Cr0.0013 Cr0.40 Cr0.18 Cr3 Cr0.50 Cr0.64 Cr0.02 Cr5 Cr0.36 Cr
Interest0.14 Cr0.12 Cr-0.05 Cr0.07 Cr0.08 Cr0.31 Cr0.41 Cr0.13 Cr0.08 Cr0.20 Cr0.39 Cr0.73 Cr
Depreciation0.08 Cr0.12 Cr0.08 Cr0.17 Cr0.21 Cr0.15 Cr0.22 Cr0.30 Cr1 Cr1.00 Cr1 Cr0.94 Cr
Profit before tax0.90 Cr0.73 Cr0.35 Cr0.66 Cr2 Cr6 Cr1 Cr2 Cr2 Cr1 Cr0.85 Cr2 Cr
Tax %34.1%27.1%32.4%26.0%25.0%26.0%2.9%25.7%21.6%37.6%80.2%20.0%
Net profit0.59 Cr0.53 Cr0.23 Cr0.48 Cr2 Cr4 Cr1 Cr2 Cr2 Cr0.75 Cr0.17 Cr2 Cr
EPS (₹)₹0.04₹0.30₹0.01₹0.03₹0.09₹0.23₹0.06₹0.07₹0.09₹0.04——

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales16 Cr22 Cr90 Cr102 CrSign in free for the trailing twelve months
Operating expenses (approx.)14 Cr19 Cr82 Cr97 CrSign in free for the trailing twelve months
EBITDA2 Cr3 Cr8 Cr5 CrSign in free for the trailing twelve months
OPM %10.2%13.2%9.1%5.1%Sign in free for the trailing twelve months
Other income0.05 Cr0.50 Cr3 Cr6 CrSign in free for the trailing twelve months
Interest0.02 Cr0.21 Cr0.87 Cr0.81 CrSign in free for the trailing twelve months
Depreciation0.06 Cr0.32 Cr0.75 Cr4 CrSign in free for the trailing twelve months
Profit before tax2 Cr3 Cr10 Cr7 CrSign in free for the trailing twelve months
Tax %13.6%31.0%22.6%33.4%Sign in free for the trailing twelve months
Net profit1 Cr2 Cr8 Cr4 CrSign in free for the trailing twelve months
EPS (₹)₹0.08₹0.11₹0.40₹0.22Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026
Equity capital17 Cr18 Cr19 Cr19 Cr
Reserves33 Cr63 Cr258 Cr259 Cr
Borrowings23 Cr56 Cr6 Cr24 Cr
Other liabilities4 Cr14 Cr52 Cr54 Cr
Total liabilities77 Cr151 Cr336 Cr357 Cr
Fixed assets (net)33 Cr37 Cr44 Cr95 Cr
CWIP9 Cr28 Cr59 Cr32 Cr
Investments0 Cr0 Cr0 Cr0 Cr
Loans & advances6 Cr36 Cr49 Cr53 Cr
Inventories7 Cr7 Cr44 Cr71 Cr
Trade receivables5 Cr14 Cr39 Cr52 Cr
Cash & bank9 Cr0.92 Cr6 Cr5 Cr
Other assets8 Cr29 Cr95 Cr49 Cr
Total assets77 Cr151 Cr336 Cr357 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-14 Cr-15 Cr-44 Cr-32 Cr
Cash from investing-48 Cr-55 Cr-90 Cr19 Cr
Cash from financing70 Cr61 Cr139 Cr11 Cr
Net cash flow8 Cr-8 Cr5 Cr-1 Cr
Free cash flow (OCF − Capex)-56 Cr-38 Cr-67 Cr-55 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.2%2.3%3.8%2.4%
ROE %2.8%2.5%2.7%1.5%
Debtor days112228156186
Inventory days227413255448
Days payable90475117134
Cash conversion cycle249165295500
OCF / EBITDA %-855.7%-501.3%-540.1%-611.5%
OCF / EBITDA % (3 years)——-572.2%-555.9%
Debt / equity0.460.690.020.09
Current ratio8.524.227.204.49
Net debt / EBITDA8.4218.75-0.073.73