MERCURYEV
Mercury Ev-Tech financials
- Market cap
- ₹801 Cr
Quarterly results
Q1 FY27: revenue up 321.0%, net profit up 300.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 31 | 20 | 5 | 15 +11% | 11 −64% | 14 −32% | 21 +321% |
| EBITDA | 1 | 6 | 1 | 0 | 2 +68% | 2 −67% | -2 −389% | 3 +894% |
| Net profit | 1 | 4 | 1 | 0 | 1 +28% | 1 −81% | 1 −50% | 1 +300% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −16.2% 1Y
1Y: ₹49.95 on 10 Sept 2025 → ₹41.86. High ₹51.12 (18 Sept 2025), low ₹20.33 (30 Mar 2026).
Financials, as filed
Revenue grew 53.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹19 Cr | ₹68 Cr | ₹45 Cr |
| Operating profit | ₹3 Cr | ₹8 Cr | ₹2 Cr |
| Operating margin | 15.9% | 12.0% | 5.3% |
| Interest | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr | ₹3 Cr |
| Net profit | ₹2 Cr | ₹6 Cr | ₹3 Cr |
| Net margin | 12.3% | 9.4% | 6.3% |
| Cash from operations | ₹-15 Cr | ₹-32 Cr | — |
| Free cash flow | ₹-37 Cr | ₹-45 Cr | — |
| ROCE | 3.7% | 4.6% | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹17 Cr | ₹18 Cr | ₹19 Cr |
| Reserves | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹33 Cr | ₹63 Cr | ₹263 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹22 Cr | ₹25 Cr | ₹2 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹11 Cr | ₹23 Cr |
| Total liabilities | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹76 Cr | ₹116 Cr | ₹307 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹5 Cr | ₹55 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹9 Cr | ₹43 Cr | ₹10 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Other assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹65 Cr | ₹68 Cr | ₹239 Cr |
| Total assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹76 Cr | ₹116 Cr | ₹307 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.20 pp while the public added +0.18 pp. The shareholder count grew 10% to 75,062.
- Promoters
- 59.2%
- FIIs
- 1.7%
- Government
- 0.0%
- Public
- 39.1%
Since Jun 2025
- FIIs −0.20 pp
- Public +0.18 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 62.6% to 59.2% — −3.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 62.6%, Public 37.5%.Dec '23: Promoters 62.1%, Public 37.9%.Mar '24: Promoters 62.1%, Public 37.9%.Jun '24: Promoters 62.1%, Public 37.9%.Sep '24: Promoters 62.1%, FIIs 0.2%, Public 37.7%.Dec '24: Promoters 59.2%, FIIs 1.7%, Public 39.1%.Mar '25: Promoters 59.2%, FIIs 1.9%, Public 38.9%.Jun '25: Promoters 59.2%, FIIs 1.9%, Government 0.0%, Public 38.9%.Sep '25: Promoters 59.2%, FIIs 1.9%, Government 0.0%, Public 38.9%.Dec '25: Promoters 59.2%, FIIs 2.7%, Government 0.0%, Public 38.1%.Mar '26: Promoters 59.2%, FIIs 2.4%, Government 0.0%, Public 38.4%.Jun '26: Promoters 59.2%, FIIs 1.7%, Government 0.0%, Public 39.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Moolchand Kiran Kumar Jain newly disclosed 2.59% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mercury Ev-Tech Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shree Saibaba Exim Private Limited | 22.63% | unchanged |
| Raghuvir International Private Limited | 21.95% | unchanged |
| Artiben Jayeshbhai Thakkar | 14.59% | unchanged |
| Moolchand Kiran Kumar Jain | 2.59% | newly disclosed |
| Forbes EMF FPI fund | 1.58% | unchanged |
| Sumit P Desai (Huf) | 1.53% | unchanged |
| Kavit Jayeshbhai Thakkar | 0.00% | 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.
Learn to analyse Mercury Ev-Tech Limited
Guides on how to read this kind of business and the numbers that matter.