Mercury EV-Tech
BSE: MERCURYEV · Passenger Cars & Utility Vehicles
Snapshot
Unlock Mercury EV-Tech's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mercury EV-Tech is an Indian company operating in the electric vehicle sector, focusing on the design, development, and manufacturing of electric three-wheelers, passenger rickshaws, and customized utility vehicles. The company aims to cater to the growing demand for sustainable urban mobility solutions across domestic markets.
Business Model
The company generates revenue through the manufacture and sale of a diverse range of electric vehicles and customized utility solutions. It leverages subsidiaries and specialized manufacturing facilities to serve the clean energy transport market.
Management Commentary
Management emphasizes the progressive expansion of research and development capabilities to drive innovation in battery technology and drivetrain efficiency.
Growth Outlook
Growth is expected to be driven by rising adoption of eco-friendly transport and the ongoing evolution of the domestic clean energy market. Enhanced R&D capabilities will support the introduction of technologically advanced electric vehicle offerings.
Key Risks
- Regulatory Risk. Changes in government policies, subsidies, and EV mandates in India could impact demand and operational margins.
- Technology Obsolescence. Rapid advancements in battery technology and drivetrain systems require continuous capital expenditure to remain competitive.
- Supply Chain Volatility. Fluctuations in the availability and cost of raw materials, particularly battery components, may affect production timelines.
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Key Metrics
REVENUE
₹113 Cr
TTM · consolidated
NET PROFIT
₹4 Cr
TTM · consolidated
EPS
₹0.13
TTM · consolidated
RETURN ON EQUITY
1.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
2.5%
TTM · consolidated
P/E
285.1x
Q1 FY27 · consolidated
EV/EBITDA
62.7x
Q1 FY27 · consolidated
EBITDA MARGIN
10.7%
TTM · consolidated
NET PROFIT MARGIN
4.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Passenger Cars & Utility Vehicles
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Mercury EV-TechMERCURYEV | ₹736 Cr | 285.08 | 62.70 | 4.2% | 10.7% | 1.6% | 2.5% | -21.0% |
Mahindra & Mahindra Ltd.M&M | ₹3.77L Cr | 17.30 | 11.73 | 26.2% | 20.3% | 23.8% | 18.0% | -17.4% |
Hyundai Motor India Ltd.HYUNDAI | ₹1.70L Cr | 33.22 | 18.19 | 3.6% | 12.6% | 27.3% | 32.4% | -20.2% |
Tata Motors Passenger Vehicles Ltd.TMPV | ₹1.11L Cr | -30.50 | 6.98 | -21.7% | 6.6% | 69.7% | -0.6% | — |
Force Motors Ltd.FORCEMOT | ₹22,615 Cr | 17.68 | 13.59 | 8.4% | 17.4% | 34.6% | 38.5% | -0.3% |
Olectra Greentech Ltd.OLECTRA | ₹10,473 Cr | 50.73 | 30.00 | 38.4% | 14.2% | 15.8% | 23.4% | -29.6% |
As of Q1 FY27
Financials
Mercury EV-Tech
BSE: MERCURYEV · Passenger Cars & Utility Vehicles
Snapshot
Unlock Mercury EV-Tech's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mercury EV-Tech is an Indian company operating in the electric vehicle sector, focusing on the design, development, and manufacturing of electric three-wheelers, passenger rickshaws, and customized utility vehicles. The company aims to cater to the growing demand for sustainable urban mobility solutions across domestic markets.
Business Model
The company generates revenue through the manufacture and sale of a diverse range of electric vehicles and customized utility solutions. It leverages subsidiaries and specialized manufacturing facilities to serve the clean energy transport market.
Management Commentary
Management emphasizes the progressive expansion of research and development capabilities to drive innovation in battery technology and drivetrain efficiency.
Growth Outlook
Growth is expected to be driven by rising adoption of eco-friendly transport and the ongoing evolution of the domestic clean energy market. Enhanced R&D capabilities will support the introduction of technologically advanced electric vehicle offerings.
Key Risks
- Regulatory Risk. Changes in government policies, subsidies, and EV mandates in India could impact demand and operational margins.
- Technology Obsolescence. Rapid advancements in battery technology and drivetrain systems require continuous capital expenditure to remain competitive.
- Supply Chain Volatility. Fluctuations in the availability and cost of raw materials, particularly battery components, may affect production timelines.
Start your research today
Unlock AI insights, financials, peers and live data on Mercury EV-Tech and 5,000+ companies — free.
Key Metrics
REVENUE
₹113 Cr
TTM · consolidated
NET PROFIT
₹4 Cr
TTM · consolidated
EPS
₹0.13
TTM · consolidated
RETURN ON EQUITY
1.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
2.5%
TTM · consolidated
P/E
285.1x
Q1 FY27 · consolidated
EV/EBITDA
62.7x
Q1 FY27 · consolidated
EBITDA MARGIN
10.7%
TTM · consolidated
NET PROFIT MARGIN
4.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Passenger Cars & Utility Vehicles
As of Q1 FY27