Mercury EV-Tech Ltd
MERCURYEVMercury EV-Tech Ltd is cheap for a reason. The P/E sits at the 34th percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/E sits at the 34th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a downtrend (77 weeks in) while the P/E sits at the 34th percentile of its own 4-year range. Underneath, the last four quarters read deteriorating — profit −80.6% year on year, and −664% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Mercury EV-Tech Ltd trades at ₹35.1, in a downtrend and 77 weeks into that stage. That is −7.6% against its own 200-day average. It sits at 22% of a 52-week range of ₹30 to ₹52. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a downtrend — week 77 of stage 4, confirmed. At ₹35.1 it trades −7.6% versus its 200-day average and sits at 22% of its 52-week range (₹30–₹52).
Against the market, two honest reads. Cumulative: over the last 10.2 years the stock moved +10,215% while the NIFTY 500 moved +244% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-24) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Mercury EV-Tech Ltd trades at 159.0× P/E, near the bottom of its own range — cheaper only 34% of the time. Its long-run median P/E is 336.0×, measured across 3.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 159.0× is near the bottom of its own range — cheaper only 34% of the time, against a long-run median of 336.0× measured over 3.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −43.6% against a −31.1% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +8.1%/yr price move, ~+40.1%/yr came from earnings growth and ~−32.0 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Mercury EV-Tech Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue and profit growth are shrinking (revenue growth −34.1% latest (single-quarter readings) against +100.0% at its 12-quarter best), ROCE holding at 5.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +14.6% | +85.4% | — | — |
| Profit | −50.0% | +58.7% | — | — |
| EPS | −43.6% | +40.1% | — | — |
| Share price | −31.1% | +8.1% | +121.3% | +58.1% |
4-Factor Sector Score
23.8/100 — rank 20 of 20 in Auto Ancillaries - Diversified · 70% evidence confidence
Mercury EV-Tech Ltd scores 23.8 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 20. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 8.3 + 3.5 + 8.5 + 3.5 = 23.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Mercury EV-Tech Ltd reported ₹20.2 Cr of revenue in the Mar 26 quarter, −34.1% year on year. Over 4 years it has compounded at 217.8% a year. The last full year, FY26, came in at ₹102 Cr. The last four reported quarters add to ₹102 Cr.
FY26 revenue came in at ₹102 Cr (+14.6% on the year), capping 4 years at 217.8% compound. The latest quarter (Mar 26) printed ₹20.2 Cr, −34.1% year on year.
Pace check: the last four quarters averaged +123.7% growth against the decade's 217.8% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +13.9% over the last 4 quarters against +111.0%/yr over the last 8 — rolling over; TTM profit −47.2% vs +41.1%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Mercury EV-Tech Ltd's operating margin is −11.6% in the Mar 26 quarter, −8.7 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 5.0% to 24.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is −11.6%, −8.7 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 5.0%–24.0%.
🚨 Why the margin moved: operating margin went −8.7 pp year on year while gross margin went +2.2 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Mercury EV-Tech Ltd earned ₹0.3 Cr of net profit in the Mar 26 quarter, −80.6% year on year. Full-year FY26 profit was ₹4.0 Cr. That is 1.5% of the quarter's revenue. The same quarter a year earlier earned ₹1.6 Cr.
Mar 26 profit was ₹0.3 Cr, −80.6% year on year. On the full year, FY26 printed ₹4.0 Cr (−50.0%).
🚨 Why profit moved: revenue contributed −34.1% and the margin −8.7 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +1.7% vs revenue +123.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −664% of Mercury EV-Tech Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−44.0 Cr of operating cash against ₹8.0 Cr of profit. After ₹24.0 Cr of capital spending, ₹−68.0 Cr was left as free cash.
FY25: operating cash of ₹−44.0 Cr against reported profit of ₹8.0 Cr, leaving free cash of ₹−68.0 Cr after ₹24.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −664% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −664%: the cash cycle stretched 281 days between FY22 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 281 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Mercury EV-Tech Ltd's cash conversion cycle runs 281 days in FY25, up from 0 days in FY22. Capital spending ran ₹104 Cr over the last 3 years. At FY26 sales of ₹102 Cr each day of that cycle holds about ₹0.3 Cr, so roughly ₹79.0 Cr sits inside the business at any moment.
FY25: debtors at 157 days, inventory at 228 days — roughly 7.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 281 days, looser than FY22's 0.
The full loop: cash goes out to suppliers and production on day 0; stock waits 228 days to sell; customers pay about 157 days after that; and suppliers themselves are paid at 104 days — netting out to the 281-day cycle.
In money terms: at FY26 sales of ₹102 Cr, each day of the cycle holds about ₹0.3 Cr — so the 281-day loop keeps roughly ₹79.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹104 Cr over the last 3 fiscal years against ₹1.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹59.0 Cr (FY25) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Mercury EV-Tech Ltd earns a ROCE of 5% in FY25. That is up from a trough of 3% in FY24. Return on invested capital clears the cost of that capital by −9.8 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 9.0% net margin on 0.26× asset turns.
FY25 ROCE is 5%, recovered from a FY24 trough of 3% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY25): 9.0% net margin × 0.26× asset turns × 1.21× balance-sheet leverage ≈ 2.8% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 2.2% − 12.0% = a −9.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Mercury EV-Tech Ltd carries total debt of ₹7.0 Cr against shareholder equity of ₹280 Cr as of Dec 25, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.46 in FY23 to 0.02 in FY25. The returns elsewhere on this page are therefore earned rather than borrowed.
Dec 25: total debt of ₹7.0 Cr against shareholder equity of ₹280 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.46 (FY23) to 0.02 (FY25). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 2.9 points of Mercury EV-Tech Ltd over 8 quarters, the biggest move on the register. That takes promoters to 59.2% of the company. Foreign institutions moved +1.7 points over the same window, to 1.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −2.9 points over 8 quarters to 59.2%; Foreign institutions: +1.7 points over 8 quarters to 1.7%.
🚨 Why the register moved: promoters drove it (−2.9 points), absorbed on the other side by foreign institutions (+1.7 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Mercury EV-Tech Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1S J S Enterprises LtdSJS | 76.2/100Favorable setup93% evidence | LEADER | 27.8/35 Revenue 25.5% · PAT 44.5% · OPM change 4 pp 83% evidence | 21.3/25 ROCE 28.6% · OPM 29% 95% evidence | 9.7/20 P/E 45.1× · PEG 0.85 100% evidence | 17.4/20 RS sector 20.5% · RS bench 35.6% · 1Y 91.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27.8 + 21.3 + 9.7 + 17.4 = 76.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Jay Bharat Maruti LtdJAYBARMARU | 72.1/100Favorable setup83% evidence | BREAKING OUT | 27.4/35 Revenue 11.4% · PAT 100% · OPM change 3 pp 83% evidence | 11.6/25 ROCE 16.6% · OPM 12% 95% evidence | 14.4/20 P/E 12.4× · PEG — 50% evidence | 18.7/20 RS sector 34.6% · RS bench 50.4% · 1Y 121.3%10 of 12 weeks ahead 100% evidence |
| Exact sum: 27.4 + 11.6 + 14.4 + 18.7 = 72.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Automobile Corporation Of Goa LtdAUTOCORP | 68.6/100Favorable setup78% evidence | BREAKING OUT | 27.0/35 Revenue 41.1% · PAT 48.9% · OPM change 0 pp 83% evidence | 17.3/25 ROCE 29.6% · OPM 9% 76% evidence | 12.8/20 P/E 18.3× · PEG — 50% evidence | 11.5/20 RS sector -1.4% · RS bench 11.3% · 1Y 21.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27 + 17.3 + 12.8 + 11.5 = 68.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 4Carraro India LtdCARRARO | 65.7/100Favorable setup89% evidence | FADING | 25.4/35 Revenue 24.8% · PAT 47.2% · OPM change 0 pp 88% evidence | 19.9/25 ROCE 29.5% · OPM 10% 100% evidence | 15.7/20 P/E 22.2× · PEG 0.66 65% evidence | 4.7/20 RS sector -9.1% · RS bench 2.8% · 1Y 10.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 25.4 + 19.9 + 15.7 + 4.7 = 65.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.1% and the one-year return is 10.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 5Lumax Auto Technologies LtdLUMAXTECH | 63.1/100Mixed-positive evidence96% evidence | ASLEEP | 26.2/35 Revenue 33.9% · PAT 47% · OPM change 0 pp 88% evidence | 18.1/25 ROCE 21.4% · OPM 14% 100% evidence | 12.2/20 P/E 37.2× · PEG 0.75 100% evidence | 6.6/20 RS sector -6.4% · RS bench 5.8% · 1Y 51.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 26.2 + 18.1 + 12.2 + 6.6 = 63.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -6.4% and the one-year return is 51.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 6Sansera Engineering LtdSANSERA | 58.8/100Mixed-positive evidence96% evidence | LEADER | 26.1/35 Revenue 15.9% · PAT 50.2% · OPM change 3 pp 88% evidence | 14.0/25 ROCE 14.1% · OPM 19% 100% evidence | 3.5/20 P/E 62.1× · PEG 2.22 100% evidence | 15.2/20 RS sector 41.5% · RS bench 58% · 1Y 146.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26.1 + 14 + 3.5 + 15.2 = 58.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7OBSC Perfection LtdOBSCP | 58.0/100Mixed-positive evidence72% evidence | LEADER | 14.6/35 Revenue 0.1% · PAT 15.7% · OPM change 1.3 pp 71% evidence | 14.7/25 ROCE 19.5% · OPM 17.1% 95% evidence | 8.7/20 P/E 62.9× · PEG — 15% evidence | 20.0/20 RS sector 57.5% · RS bench 75.9% · 1Y 135.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 14.6 + 14.7 + 8.7 + 20 = 58 · Decision use: Price leads the evidence: RS versus the benchmark is 75.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8Samvardhana Motherson International LtdMOTHERSON | 56.3/100Mixed-positive evidence96% evidence | LEADER | 15.1/35 Revenue 10.9% · PAT -1.4% · OPM change 2 pp 88% evidence | 10.9/25 ROCE 13.4% · OPM 11% 100% evidence | 13.9/20 P/E 37.3× · PEG 0.76 100% evidence | 16.4/20 RS sector 9.8% · RS bench 23.7% · 1Y 50.2%11 of 12 weeks ahead 100% evidence |
| Exact sum: 15.1 + 10.9 + 13.9 + 16.4 = 56.3 · Decision use: Price leads the evidence: RS versus the benchmark is 23.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 9Minda Corporation LtdMINDACORP | 55.9/100Mixed-positive evidence90% evidence | TURNING | 23.0/35 Revenue 22.3% · PAT 40.4% · OPM change 0 pp 88% evidence | 10.8/25 ROCE 12.7% · OPM 12% 100% evidence | 8.5/20 P/E 47.1× · PEG 1.58 100% evidence | 13.6/20 RS sector 1.8% · RS bench 20.5% · 1Y 37.2%9 of 11 weeks ahead 70% evidence |
| Exact sum: 23 + 10.8 + 8.5 + 13.6 = 55.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Bosch LtdBOSCHLTD | 54.0/100Mixed-positive evidence78% evidence | BREAKING OUT | 20.0/35 Revenue 10.8% · PAT 37.5% · OPM change 1 pp 83% evidence | 17.5/25 ROCE 21.5% · OPM 14% 76% evidence | 6.5/20 P/E 58× · PEG — 50% evidence | 10.0/20 RS sector -4.4% · RS bench 8.2% · 1Y 8.6%10 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 17.5 + 6.5 + 10 = 54 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 11Varroc Engineering LtdVARROC | 53.2/100Mixed-positive evidence83% evidence | TURNING | 17.1/35 Revenue 9% · PAT 100% · OPM change -2 pp 88% evidence | 11.7/25 ROCE 19% · OPM 9% 100% evidence | 15.1/20 P/E 41× · PEG 0.63 65% evidence | 9.3/20 RS sector -8.4% · RS bench 14.6% · 1Y 26.2%9 of 11 weeks ahead 70% evidence |
| Exact sum: 17.1 + 11.7 + 15.1 + 9.3 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Suprajit Engineering LtdSUPRAJIT | 51.7/100Mixed-positive evidence90% evidence | TURNING | 23.6/35 Revenue 16.7% · PAT 86.7% · OPM change 2 pp 88% evidence | 11.8/25 ROCE 16% · OPM 12% 100% evidence | 5.3/20 P/E 37× · PEG 5.51 100% evidence | 11.0/20 RS sector -2.4% · RS bench 10.2% · 1Y 8.2%8 of 11 weeks ahead 70% evidence |
| Exact sum: 23.6 + 11.8 + 5.3 + 11 = 51.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Endurance Technologies LtdENDURANCE | 49.4/100Mixed-negative evidence96% evidence | BREAKING OUT | 17.8/35 Revenue 26.3% · PAT 13.8% · OPM change 0 pp 88% evidence | 14.1/25 ROCE 17.8% · OPM 14% 100% evidence | 7.4/20 P/E 41.6× · PEG 2.74 100% evidence | 10.1/20 RS sector -8.5% · RS bench 3.7% · 1Y 6.9%9 of 12 weeks ahead 100% evidence |
| Exact sum: 17.8 + 14.1 + 7.4 + 10.1 = 49.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14NDR Auto Components LtdNDRAUTO | 48.7/100Mixed-negative evidence77% evidence | TURNING | 18.5/35 Revenue 15.4% · PAT 17% · OPM change 1 pp 83% evidence | 15.8/25 ROCE 22.2% · OPM 12% 95% evidence | 9.7/20 P/E 31.1× · PEG — 50% evidence | 4.7/20 RS sector -22.4% · RS bench -4.3% · 1Y -20.6%9 of 10 weeks ahead 70% evidence |
| Exact sum: 18.5 + 15.8 + 9.7 + 4.7 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Sharda Motor Industries LtdSHARDAMOTR | 47.1/100Mixed-negative evidence90% evidence | ASLEEP | 12.5/35 Revenue 19.8% · PAT 9.5% · OPM change -1 pp 88% evidence | 18.5/25 ROCE 36% · OPM 12% 100% evidence | 11.5/20 P/E 15.1× · PEG 2.02 100% evidence | 4.6/20 RS sector -16.8% · RS bench -6.9% · 1Y -18.2%0 of 10 weeks ahead 70% evidence |
| Exact sum: 12.5 + 18.5 + 11.5 + 4.6 = 47.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Motherson Sumi Wiring India LtdMSUMI | 40.0/100Mixed-negative evidence90% evidence | ASLEEP | 10.7/35 Revenue 23.1% · PAT 3% · OPM change -3 pp 88% evidence | 15.9/25 ROCE 38.9% · OPM 8% 100% evidence | 7.1/20 P/E 43.1× · PEG 6.28 100% evidence | 6.3/20 RS sector -6.9% · RS bench -6.5% · 1Y 0.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 10.7 + 15.9 + 7.1 + 6.3 = 40 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Munjal Auto Industries LtdMUNJALAU | 34.0/100Adverse evidence77% evidence | TURNING | 11.2/35 Revenue 11.1% · PAT 18.2% · OPM change -3.7 pp 83% evidence | 5.0/25 ROCE 11.1% · OPM 3% 95% evidence | 9.0/20 P/E 28.7× · PEG — 50% evidence | 8.8/20 RS sector -8.8% · RS bench 16% · 1Y 31.9%10 of 10 weeks ahead 70% evidence |
| Exact sum: 11.2 + 5 + 9 + 8.8 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18ZF Commercial Vehicle Control System India LtdZFCVINDIA | 33.8/100Adverse evidence100% evidence | BASING | 10.5/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence | 13.3/25 ROCE 19.4% · OPM 13% 100% evidence | 8.1/20 P/E 54.5× · PEG 4.2 100% evidence | 1.9/20 RS sector -81.5% · RS bench 0.8% · 1Y -82.1%0 of 12 weeks ahead 100% evidence |
| Exact sum: 10.5 + 13.3 + 8.1 + 1.9 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Precision Camshafts LtdPRECAM | 30.9/100Adverse evidence77% evidence | ASLEEP | 9.7/35 Revenue -10.6% · PAT -5.6% · OPM change 0 pp 83% evidence | 8.0/25 ROCE 7.3% · OPM 13% 95% evidence | 9.6/20 P/E 54.1× · PEG — 50% evidence | 3.6/20 RS sector -32% · RS bench -13.9% · 1Y -25.4%6 of 10 weeks ahead 70% evidence |
| Exact sum: 9.7 + 8 + 9.6 + 3.6 = 30.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Mercury EV-Tech Ltdthis pageMERCURYEV | 23.8/100Adverse evidence70% evidence | TURNING | 8.3/35 Revenue 13.9% · PAT -47.2% · OPM change -8.7 pp 83% evidence | 3.5/25 ROCE 2.6% · OPM -11.6% 95% evidence | 8.5/20 P/E 159× · PEG — 15% evidence | 3.5/20 RS sector -39% · RS bench -8.8% · 1Y -27.7%2 of 7 weeks ahead 70% evidence |
| Exact sum: 8.3 + 3.5 + 8.5 + 3.5 = 23.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Mercury EV-Tech Ltd's share price today?
Mercury EV-Tech Ltd trades at ₹35.1, −31.1% over the past year. The company is valued at ₹667 Cr. The stock sits at 22% of its 52-week range of ₹30–₹52, −7.6% versus its 200-day average. On the tape, the price is in a downtrend, 77 weeks in. — as of 31 July 2026.
What were Mercury EV-Tech Ltd's latest quarterly results?
Mercury EV-Tech Ltd reported revenue of ₹20.2 Cr and net profit of ₹0.3 Cr for the Mar 26 quarter. Revenue fell 34.1% and profit fell 80.6% year on year. Earnings per share were ₹0.02. The operating margin was −11.6%, 8.7 pp lower than a year earlier. — as of 31 July 2026.
What is Mercury EV-Tech Ltd's revenue?
Mercury EV-Tech Ltd reported revenue of ₹20.2 Cr in the Mar 26 quarter, −34.1% year on year. For the full FY26 fiscal year, revenue was ₹102 Cr (+14.6%). Over the last 4 years revenue compounded at 217.8% a year. — as of 31 July 2026.
What is Mercury EV-Tech Ltd's profit?
Mercury EV-Tech Ltd earned ₹0.3 Cr of net profit in the Mar 26 quarter, −80.6% year on year. Full-year FY26 profit was ₹4.0 Cr. The operating margin ran −11.6% in the latest quarter. — as of 31 July 2026.
What is Mercury EV-Tech Ltd's market cap?
Mercury EV-Tech Ltd's market capitalisation is ₹667 Cr at a share price of ₹35.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Mercury EV-Tech Ltd's P/E ratio?
Mercury EV-Tech Ltd trades at a P/E of 159.0×, at the 34th percentile of its own 4-year range, against a long-run median of 336.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Mercury EV-Tech Ltd pay a dividend?
No — Mercury EV-Tech Ltd has recorded a dividend payout of 0% of profit in each of its last 5 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 31 July 2026.
Is Mercury EV-Tech Ltd overvalued?
On its own history, Mercury EV-Tech Ltd looks cheap against its own history: its P/E of 159.0× has been cheaper only 34% of the time in 4 years (long-run median 336.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Mercury EV-Tech Ltd growing?
Not right now — Mercury EV-Tech Ltd's latest numbers are shrinking: latest-quarter revenue −34.1% year on year, profit −80.6%, and the margin −8.7 pp at −11.6%. The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Mercury EV-Tech Ltd performing?
Mercury EV-Tech Ltd is in a downtrend, 77 weeks in. Its latest quarter's revenue fell 34.1% and profit fell 80.6% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Mercury EV-Tech Ltd in?
Deteriorating — revenue and profit growth are shrinking (revenue growth −34.1% latest (single-quarter readings) against +100.0% at its 12-quarter best), ROCE holding at 5.0%. The read comes from the last 12 quarters of growth (revenue growth −34.1% latest, profit growth −80.6% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Mercury EV-Tech Ltd in an uptrend?
No — the price is in a downtrend (week 77 of stage 4), trading −7.6% versus its 200-day average and at 22% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Mercury EV-Tech Ltd beating the market?
Not lately — on a trailing-13-week view Mercury EV-Tech Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-24), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.2 years the stock moved +10,215% against the NIFTY 500's +244% — ahead of the index over the full window. — as of 31 July 2026.
Will Mercury EV-Tech Ltd's share price go up?
This page publishes no price forecast for Mercury EV-Tech Ltd. What it measures instead: the share price is ₹35.1, the price is in a downtrend 77 weeks in. Its P/E of 159.0× sits at the 34th percentile of its own 4-year range. — as of 31 July 2026.
Who owns Mercury EV-Tech Ltd?
Promoters hold 59.2% of Mercury EV-Tech Ltd, foreign institutions 1.7%, domestic institutions null% and the public 39.1% (latest quarter). The biggest move on the register over the last two years: Promoters cut 2.9 points over 8 quarters. — as of 31 July 2026.
Does Mercury EV-Tech Ltd have too much debt?
No — Mercury EV-Tech Ltd's debt-to-equity is 0.02, and operating profit covers the interest bill 5×. FY25 borrowings were ₹6.0 Cr against equity of ₹277 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Mercury EV-Tech Ltd's capex?
Mercury EV-Tech Ltd spent ₹104 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹24.0 Cr, with ₹59.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Mercury EV-Tech Ltd's cash flow?
Mercury EV-Tech Ltd generated ₹−44.0 Cr of operating cash flow in FY25 and ₹−68.0 Cr of free cash flow after ₹24.0 Cr of capital spending. Reported profit that year was ₹8.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Mercury EV-Tech Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −664% of Mercury EV-Tech Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹−44.0 Cr against reported profit of ₹8.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 31 July 2026.
Where is Mercury EV-Tech Ltd in its business cycle?
Mercury EV-Tech Ltd's FY26 operating margin was 5.0%, against a 5-year band of 5.0%–24.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran −11.6%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Mercury EV-Tech Ltd story?
The sharpest disagreement: the P/E sits at the 34th percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Mercury EV-Tech Ltd a stock worth studying right now?
This is not investment advice. The machine read: Mercury EV-Tech Ltd is cheap for a reason. The P/E sits at the 34th percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.