Mercury EV-Tech Ltd
Company is into manufacturing of Electric Vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.[1]
- Market Cap ₹ 1,241 Cr.
- Current Price ₹ 70.7
- High / Low ₹ 144 / 24.0
- Stock P/E 623
- Book Value ₹ 4.60
- Dividend Yield 0.00 %
- ROCE 2.96 %
- ROE 3.05 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 15.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Company has high debtors of 228 days.
- Working capital days have increased from 472 days to 884 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Automobile Industry: Automobiles - Passenger Cars
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 1.18 | 16.10 | 22.02 | |
| 0.90 | 14.46 | 19.10 | |
| Operating Profit | 0.28 | 1.64 | 2.92 |
| OPM % | 23.73% | 10.19% | 13.26% |
| 0.04 | 0.05 | 0.50 | |
| Interest | 0.00 | 0.02 | 0.21 |
| Depreciation | 0.00 | 0.06 | 0.32 |
| Profit before tax | 0.32 | 1.61 | 2.89 |
| Tax % | 28.12% | 13.04% | 30.80% |
| 0.23 | 1.39 | 1.99 | |
| EPS in Rs | 0.01 | 0.08 | 0.11 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | % |
| 3 Years: | 377% |
| 1 Year: | 173% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 0.70 | 16.69 | 17.55 |
| Reserves | 0.66 | 33.31 | 63.14 |
| 0.00 | 22.93 | 55.54 | |
| 0.12 | 4.02 | 14.37 | |
| Total Liabilities | 1.48 | 76.95 | 150.60 |
| 0.00 | 33.33 | 36.54 | |
| CWIP | 0.00 | 8.72 | 28.47 |
| Investments | 0.00 | 0.00 | 0.00 |
| 1.48 | 34.90 | 85.59 | |
| Total Assets | 1.48 | 76.95 | 150.60 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| -0.36 | -14.08 | ||
| 0.04 | -47.93 | ||
| 0.00 | 70.34 | ||
| Net Cash Flow | -0.32 | 8.33 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 0.00 | 112.45 | 227.75 |
| Inventory Days | 0.00 | 227.32 | 153.56 |
| Days Payable | 90.56 | 176.62 | |
| Cash Conversion Cycle | 0.00 | 249.21 | 204.69 |
| Working Capital Days | 68.05 | 463.62 | 884.16 |
| ROCE % | 4.35% |
Documents
Announcements
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Grant Of License 29 Jun
- Imposition Of Fine By Stock Exchange Under Regulation 30 Of SEBI(LODR),2015. 29 Jun
- Closure of Trading Window 27 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Of Newspaper Publication of Audited Financial Statements for the quarter and year ended on 31.03.2024
- Related Party Transaction Report For The Period, Half Year Ended On March 31, 2024 31 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2006
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New Business:[1]
Company manufactures Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and other Electric Vehicles in India. It develops custom electric vehicles for applications in sectors viz. hospitality, industry, golf courses, Club and Resorts etc.