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| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 0 | 0 | 0 | 0 | 3 | 14 | 14 | 14 |
| Reserves | 0 | 0 | 0 | 0 | 9 | 48 | 48 | 48 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Other Liabilities | 0 | 0 | 0 | 0 | 7 | 31 | 49 | 32 |
| Total Liabilities | 0 | 1 | 0 | 1 | 19 | 93 | 111 | 101 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 1 | 0 | 1 | 18 | 93 | 111 | 101 |
| Total Assets | 0 | 1 | 0 | 1 | 19 | 93 | 111 | 101 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | 0 | 0 | 0 | 0 | 0 | -59 | 0 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 0 | 0 | 0 | 0 | 0 | 10 | 49 | 0 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | -59 | 0 |
| FCF Margin | — | — | — | — | — | 0.0% | -52.2% | 0.0% |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | YoY | 3-yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Growth | — | — | — | — | — | — | 707.1% | 15.0% | −692.1 pp | Worsening |
| — | — | — | — | — | — | — | -100.0% | |||
| Profitability | — | — | — | — | — | 14.3% | 1.8% | 0.8% | −1.0 pp | Worsening |
| — | — | — | — | — | 0.0% | 2.7% | 0.0% | −2.7 pp | Stable | |
| Returns | — | — | — | — | — | 0.0% | 4.8% | 0.0% | −4.8 pp | Stable |
| — | — | — | — | — | 16.7% | 3.2% | 0.0% | −3.2 pp | Worsening | |
| — | — | — | — | — | 0.0% | 3.2% | 0.0% | −3.2 pp | Stable | |
| Leverage | — | 0.00× | 0.00× | 0.00× | 0.00× | 0.00× | 0.00× | 0.11× | +0.11× | Worsening |
| Efficiency | — | — | — | — | — | 0.74× | 1.22× | 1.29× | +0.07× | Improving |
| — | — | — | — | — | — | -1966.7% | — |
Margins, returns, leverage and efficiency are computed from the filed statements (year-end balances). 3-yr compares the latest year with three years earlier; small moves read as stable.
Shareholding
As of Mar 2026 · 10,743 shareholders
Since Mar 2025, FIIs trimmed −29.19 pp while the public added +29.18 pp. The shareholder count grew 23% to 10,743.
Last 12 disclosures
Percentages are as disclosed in the company's shareholding pattern filings. Named holders appear only above SEBI's 1% disclosure threshold, so a holder dropping off the list may have trimmed to just under 1% — or been re-filed under a new name — rather than exited.
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
MERCTRD · CYCLICAL_UNMODELABLE
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