as of —
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Change
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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹39.65
Change
+0.78 (2.01%)
Open
₹39.48
Prev. Close
₹38.87
Day High
₹40.24
Day Low
₹38.36
Volume Analysis
Traded
236,021
Delivered
127,414
Delivery %
53.98%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (2)
- •Low return on equity (1.51%)
- •Promoter holding is falling
Opportunities (3)
- •Strong 3-year EPS growth (40.1%)
- •Strong 3-year revenue growth (85.4%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹42.36 | ₹41.3 | ₹40.48 | ₹39.42 | ₹38.6 | ₹37.54 | ₹36.72 |
| Fibonacci | ₹41.3 | ₹40.58 | ₹40.14 | ₹39.42 | ₹38.7 | ₹38.26 | ₹37.54 |
| Camarilla | ₹40.17 | ₹39.99 | ₹39.82 | ₹39.42 | ₹39.48 | ₹39.31 | ₹39.13 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
—
1 Week
-0.4%
1 Month
+2.53%
3 Months
+19.07%
6 Months
—
1 Year
—
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹8.56
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
1.58%
Net margin 4.42% × asset turnover 0.28x × equity multiplier 1.28x
Company Overview
Sector
Automobile and Auto Components
Market Cap
₹753 Cr
P/E (TTM)
165.0
ROE
1.51%
Book Value
₹14.8
Face Value
₹1.0
Source: Screener.in (Consolidated figures) — data as of 26 Sep 2026. Not investment advice.
TopFund Analysis
Mercury Ev-tech Limited lands in the middle of the pack on TopFund's composite fundamentals check within the Automobile and Auto Components sector, at 55/100. The strongest factor is Financial Strength (100/100), while Cash Flow (0/100) is the weakest area to weigh before deciding. Notably: Low return on equity (1.51%); promoter holding is falling. Strong 3-year EPS growth (40.1%).
TopFund Score — Fundamentals Quality
55/100 — AverageData confidence: 75/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Debtor days have improved from 174 to 138 days.
- −Stock is trading at 2.69 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 2.62% over last 3 years.
- −Earnings include an other income of Rs.5.73 Cr.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Mercury EV-Tech added 100 dealers, targets 200 more by March 2027, and gained GEDA subsidy eligibility in Gujarat.
Promoter group sold 20,00,000 shares on open market; holding fell to 18.817% on September 10, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7 | 6 | 5 | 6 | 4 | 19 | 36 | 31 | 23 | 34 | 25 | 20 | 33 |
| Expenses + | 6 | 5 | 4 | 5 | 3 | 17 | 30 | 32 | 20 | 31 | 23 | 23 | 30 |
| Operating Profit | 1 | 1 | 1 | 0 | 1 | 2 | 6 | -1 | 2 | 3 | 2 | -2 | 3 |
| OPM % | 13.52% | 11.23% | 21.18% | 6.82% | 23.26% | 10.37% | 17.05% | -2.84% | 9.39% | 8.85% | 9.41% | -11.58% | 9.77% |
| Other Income + | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 0 | 5 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 0 | 1 | 2 | 6 | 1 | 2 | 2 | 1 | 1 | 2 |
| Tax % | 18.68% | 34.44% | 27.4% | 31.43% | 25.76% | 24.88% | 25.95% | 2.92% | 25.57% | 21.7% | 37.5% | 80.0% | 20.0% |
| Net Profit + | 1 | 1 | 1 | 0 | 0 | 2 | 4 | 2 | 1 | 2 | 1 | 0 | 2 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 1 | 16 | 22 | 89 | 102 | 113 |
| Expenses + | 1 | 14 | 19 | 81 | 97 | 107 |
| Operating Profit | 0 | 2 | 3 | 8 | 5 | 6 |
| OPM % | 24.0% | 10.0% | 13.0% | 9.0% | 5.0% | 6.0% |
| Other Income + | 0 | 0 | 0 | 3 | 6 | 6 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 4 | 4 |
| Profit before tax | 0 | 2 | 3 | 10 | 7 | 6 |
| Tax % | 28.0% | 13.0% | 31.0% | 23.0% | 34.0% | — |
| Net Profit + | 0 | 1 | 2 | 8 | 4 | 5 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Reserves | 1 | 33 | 63 | 258 | 261 |
| Borrowings + | 0 | 23 | 56 | 6 | 7 |
| Other Liabilities + | 0 | 4 | 14 | 53 | 70 |
| Total Liabilities | 1 | 77 | 151 | 336 | 358 |
| Fixed Assets + | 0 | 33 | 37 | 44 | 92 |
| CWIP | 0 | 9 | 43 | 59 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1 | 35 | 71 | 233 | 238 |
| Total Assets | 1 | 77 | 151 | 336 | 358 |
| Equity Capital | 1 | 17 | 18 | 19 | 19 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | -14 | -15 | -44 | — |
| Cash from Investing Activity + | 0 | -48 | -55 | -90 | — |
| Cash from Financing Activity + | 0 | 70 | 61 | 139 | — |
| Net Cash Flow | 0 | 8 | -8 | 5 | — |
| CFO/OP | -129 | -860 | -493 | -533 | — |
| Free Cash Flow | 0 | -56 | -38 | -67 | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 37.45% | 37.9% | 37.88% | 37.91% | 37.73% | 39.13% | 38.91% | 38.92% | 38.92% | 38.14% | 38.37% | 39.1% |
| Promoters | 62.56% | 62.1% | 62.1% | 62.1% | 62.1% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% |
| Government | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% | 0.16% | 1.69% | 1.92% | 1.9% | 1.9% | 2.68% | 2.44% | 1.7% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Automobile and Auto Components — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Mercury Ev-tech Limited (this stock) | 753 | 165.0 | 2.68 | 1.51% |
| I S T Ltd. | 763 | 4.64 | 0.45 | 9.7% |
| Popular Vehicles N Ser L | 703 | — | 1.12 | -8.28% |
| Pradeep Metals Ltd. | 854 | 25.8 | 5.19 | 20.3% |
| Sterling Tools Limited | 870 | 45.2 | 1.65 | 3.09% |
| Z F Steering Gear (i) Ltd | 628 | 31.1 | 1.3 | 3.29% |
| Triton Valves Ltd. | 581 | 29.8 | 4.54 | 8.91% |
Which Mutual Funds Hold Mercury Ev-tech Limited?
Frequently Asked Questions about Mercury Ev-tech Limited
Mercury Ev-tech Limited (MERCURYEV) closed at ₹39.65 on NSE on 25 September 2026, up 0.78 (2.01%) from the previous close.
Mercury Ev-tech Limited trades on the NSE (National Stock Exchange of India) under the symbol MERCURYEV.
Mercury Ev-tech Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 165.0.
Mercury Ev-tech Limited has a dividend yield of 0.0%.
Mercury Ev-tech Limited's 52-week high is ₹49.5 and its 52-week low is ₹20.0.
Mercury Ev-tech Limited has a market capitalisation of ₹753 crore.
Mercury Ev-tech Limited has a TopFund Quality Score of 55/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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