Mercury Ev-Tech share price
NSE: MERCURYEVBSE: 531357AutomobilesSmall Cap
Last close ₹31.59down ₹2.07 (6.15%)BSE ₹31.62
Share price at the NSE close on 23 Oct 2026. Previous close ₹33.66.
52-week range of BSE trades to 23 Oct 2026
₹20.00Low, 30 Mar 2026₹46.80High, 23 Oct 2025
- Next results date: the board meets on 31 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹600 Cr1,740th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 31 May 2026
- 2.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 0.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 31 May 2026
- 0.09
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,21,08755.6% delivered
Results
Standalone, as consolidated accounts are on record for only 4 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 13 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹21 Crup 51.24%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1.44 Crup 157.66%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.0%
Revenue by year
Peak revenue ₹68 Cr, year to Mar 2025
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 5 of the 10 years shown
| ₹ crore | Sep 2024Filed 15 Nov | Dec 2024Filed 11 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 14 Aug | Sep 2025Filed 14 Nov | Dec 2025Filed 13 Feb | Mar 2026Filed 31 May | Jun 2026Filed 13 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.9 | 31.0 | 20.2 | 4.9 | 15.5 | 11.2 | 13.7 | 20.7 |
| Net profit | 0.9 | 4.0 | 1.1 | 0.4 | 1.2 | 0.8 | 0.6 | 1.4 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.4% | 12.9% | 5.5% | 7.3% | 7.4% | 6.8% | 4.1% | 7.0% |
Standalone. The last eight quarters. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of ev vehicle, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 9% of 518 trading days over the last 3 years.
LowestHighest
Its median3.2Industry median4.7
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.97.9
At or below today's level on 32% of 518 trading days over the last 3 years.
LowestHighest
Its median120.5Industry median16.8
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −65.7% | – | – | 0.0% |
| 3 years | +14.6% | +41.4% | −18.9% | 0.0% |
Longer windows are left empty: a corporate action or price step on 2022-08-05 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Peers and competitors
2/3 Wheelers, 13 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Mercury Ev-Tech in market cap.
Mercury Ev-Tech is not on the chart: it has no P/E or return on equity today
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Hero MotoCorpHEROMOTOCO | 1,01,011 | 18.5 | 4.7 | 13.7 | +25.6% | +8.2% | 26.7% | 29.2% | 3.67% |
 Ather EnergyATHERENERG | 54,731 | – | 21.3 | – | – | – | −25.4% | −15.3% | 0.00% |
 Ola Electric MobilityOLAELEC | 14,961 | – | – | – | −49.2% | – | −41.0% | −26.9% | 0.00% |
 Zelio E MobilityZELIO | 2,157 | 76.0 | 19.3 | – | – | – | 25.5% | – | 0.00% |
 Tunwal E-MotorsTUNWAL | 132 | 10.3 | 1.0 | – | +55.0% | +8.8% | 11.2% | – | 0.44% |
 Wardwizard Innovations & MobilityWARDINMOBI | 106 | – | 0.7 | 12.3 | −3.3% | – | – | 5.0% | 0.00% |
 Delta AutocorpDELTIC | 50 | 7.3 | 0.6 | – | – | – | 9.0% | – | 0.00% |
 Supertech EvSEVL | 37 | 10.5 | 0.7 | – | – | – | 7.0% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
5 Oct · Management
5 Oct · Management
5 Oct · Board meeting
Mercury Ev-Tech share price by year
Each calendar year to 2025.Mercury Ev-Tech share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025BSE close | 37.01 | −58.9% | 96.78 | 36.99 |
| 2024BSE close | 90.04 | −24.3% | 132.60 | 66.28 |
| 2023BSE close | 118.88 | +897.3% | 136.96 | 11.00 |
| 2022BSE close | 11.92 | – | 12.05 | 3.42 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 5 Aug 2022.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 32.96 | 34.49 | 30.36 | 31.59 | 31.58 | 2,21,087 | 55.6% |
| 22 Oct 2026 | 35.00 | 35.00 | 32.95 | 33.66 | 33.57 | 2,35,021 | 53.0% |
| 21 Oct 2026 | 36.40 | 36.40 | 33.50 | 34.82 | 34.71 | 1,95,974 | 57.8% |
| 19 Oct 2026 | 35.98 | 37.14 | 35.80 | 36.11 | 36.09 | 70,727 | 64.8% |
| 16 Oct 2026 | 36.80 | 36.85 | 35.91 | 36.58 | 36.56 | 66,399 | 61.0% |
| 15 Oct 2026 | 36.74 | 37.02 | 35.98 | 36.14 | 36.23 | 74,027 | 57.4% |
| 14 Oct 2026 | 37.24 | 37.24 | 36.50 | 36.58 | 36.75 | 48,595 | 52.0% |
| 13 Oct 2026 | 37.19 | 37.56 | 36.00 | 36.53 | 36.64 | 52,884 | 50.8% |
| 12 Oct 2026 | 37.38 | 37.92 | 36.05 | 36.92 | 37.16 | 1,35,121 | 55.7% |
| 9 Oct 2026 | 36.00 | 37.49 | 36.00 | 36.97 | 36.88 | 1,84,506 | 38.2% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Open offer history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 5 Aug 2022 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
| 27 May 2016 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it.
Company details
- Legal name
- Mercury Ev-Tech Limited
- NSE symbol
- MERCURYEV
- BSE code
- 531357
- ISIN
- INE763M01028
- Industry
- Automobiles
- Listed
- Jan 1996 on BSE, Jun 2026 on NSE
- Face value
- ₹1
- CIN
- L27109GJ1986PLC008770
- Corporate identity number, the registrar of companies' code for it