Mercantile Ventures share price & results
- Jun 2026
- Sept 2026
Chennai-based holding company providing property-leasing and manpower-supply services, with a promoter stake in India Radiators and security-services subsidiaries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 10.2 | −0.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.5 | +5.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.72 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 2.23 | −1.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 0.75 | +52.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 24.52 | +9.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −24.8% 1Y
1Y: ₹29.5 on 24 Oct 2025 → ₹22.19. High ₹29.76 (28 Oct 2025), low ₹17.68 (30 Mar 2026).
- Previous close
- ₹22.52
- Market cap
- ₹249 Cr
- 52-week range
- ₹17.68 – ₹29.76
- One year
- −24.52%
- Price to earnings (TTM to Jun 2026)
- 36.94×
- Return on equity (TTM to Jun 2026)
- 2.23%
Overview
- Symbol
- NSE:MERCANTILE
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Mercantile Ventures Limited does
Based on the company's own presentations, annual report and earnings calls.
Mercantile Ventures Limited runs two operating segments: leasing of immovable properties and manpower supply services (including maintenance and housekeeping). A significant part of this business is delivered under a related-party arrangement with Southern Petrochemical Industries Corporation Limited (SPIC), which holds over 10% of MVL's equity and receives lease rentals, manpower supply, and maintenance/housekeeping services from the company. Beyond these operations, MVL acts as a promoter/investment holding entity, having acquired 38.41% of the equity of India Radiators Limited in July 2024 to become its promoter, and holds subsidiaries Walery Security Management Limited, i3 Security Private Limited and Chitaranjan Developers LLP.
Segments
- Leasing of immovable properties
- Manpower supply services
- Operating segments
- 2 (Leasing of immovable properties; Manpower supply, maintenance & housekeeping services)
- Subsidiaries
- 4 (India Radiators Limited, Walery Security Management Limited, i3 Security Private Limited, Chitaranjan Developers LLP)
- Equity stake in India Radiators Limited
- 38.41% (acquired Jul 2024, became promoter)
- Key related-party service client
- Southern Petrochemical Industries Corporation Ltd (SPIC) — lease rentals, manpower supply, maintenance & housekeeping
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +204% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 9 | 10 | 10 | 11 | 11 | 11 | 10 |
| Expenses | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 10 |
| Operating profit | 0 | 0 | 0 | -0 | 0 | 0 | -1 | 0 |
| Operating margin | 4.5% | 4.6% | 3.3% | −3.4% | 3.8% | 1.9% | −7.0% | 2.5% |
| Other income | -0 | 0 | 2 | 0 | 0 | 1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 0 | 2 | -1 | 0 | 0 | 1 | 2 |
| Tax rate | −25.0% | 26.1% | −259.9% | 20.3% | 182.6% | −2.1% | −15.2% | 56.9% |
| Net profit | -0 | 0 | 6 | -1 | -0 | 0 | 1 | 1 |
| EPS (₹ per share) | -0.01 | 0.03 | 0.57 | -0.06 | -0.02 | 0.04 | 0.10 | 0.06 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 47 | 30 | 37 | 43 |
| Expenses | 44 | 30 | 35 | 43 |
| Operating profit | 3 | 0 | 1 | -0 |
| Other income | 9 | 4 | 2 | 3 |
| Interest | 1 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 11 | 2 | 2 | 1 |
| Net profit | 17 | -1 | 7 | 1 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 112 | 112 | 112 | 112 | 112 | 112 |
| Reserves | 199 | 179 | 216 | 216 | 211 | 163 |
| Borrowings | 0 | 4 | 0 | 0 | 0 | 0 |
| Other liabilities | 16 | 17 | 32 | 28 | 58 | 11 |
| Total liabilities | 327 | 312 | 361 | 357 | 381 | 286 |
| Fixed assets | 62 | 61 | 69 | 73 | 94 | 72 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 149 | 180 | 232 | 234 | 218 | 169 |
| Other assets | 116 | 71 | 59 | 49 | 69 | 45 |
| Total assets | 327 | 312 | 361 | 357 | 381 | 286 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 25 | 18 | -12 | 39 | -8 | -70 |
| Cash from investing | -14 | -35 | 7 | -33 | 7 | 69 |
| Cash from financing | 0 | 0 | 4 | -4 | 0 | 0 |
| Net cash flow | 10 | -17 | -1 | 2 | -1 | -1 |
| Free cash flow | 24 | 18 | -12 | 39 | -13 | -70 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 84 | 92 | 79 | 80 | 77 | 54 |
| Cash conversion cycle | 84 | 92 | 79 | 80 | 77 | 54 |
| Working capital days | 1351 | 2167 | 1004 | 551 | 341 | 215 |
| Return on capital employed | 3.5% | 3.0% | 2.3% | 0.7% | 0.7% | 0.6% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Security Services contributes 50.3% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Security Services 50.3%
₹12.83 crore
- Manpower Services 32.2%
₹8.22 crore
- Investment Activities 9.7%
₹2.48 crore
- Rent and Maintenance of immovable properties 7.8%
₹1.98 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Security Services | 12.83 | 50.3% |
| Manpower Services | 8.22 | 32.2% |
| Investment Activities | 2.48 | 9.7% |
| Rent and Maintenance of immovable properties | 1.98 | 7.8% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹25.51 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹25.51 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Security Services grew from 33% to 50% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Security Services | 33% | 47% | — | — | 52% | 55% | 50% | 50% | — |
| Manpower Services | — | 38% | — | — | 39% | 34% | 34% | 32% | — |
| Investment Activities | — | 6% | — | — | <1% | 3% | 8% | 10% | — |
| Rent and Maintenance of immovable properties | — | — | — | — | 8% | — | 8% | 8% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 72.65% as of Sept 2026; institutions added 0.01 pts since Jun 2026.
- Promoters 72.65%
- Domestic institutions 0.01%
- Public 27.34%
Who is on the register
Named in the Sep 2026 filing
Every holder of Mercantile Ventures Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.54% | −0.05 pp | |
| 16.61% | unchanged | |
| 13.41% | unchanged | |
| 6.97% | unchanged | |
| 6.89% | unchanged | |
| 5.74% | unchanged | |
| 4.71% | unchanged | |
| 2.03% | unchanged | |
| 1.84% | unchanged | |
| 0.16% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Mercantile Ventures Limited
Free account: one company. Everything above stays public.
Write why you follow Mercantile Ventures Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Services companies
Learn to analyse Mercantile Ventures Limited
Guides on how to read this kind of business and the numbers that matter.