# Mercury EV-Tech share price today (Mercury EV-Tech Ltd, NSE: MERCURYEV)

> Mercury EV-Tech share price today: ₹33.08 at the NSE close on 3 November 2026, down 24.2% in a year. Mercury EV-Tech (NSE: MERCURYEV) is worth ₹628 crore, trades at a P/E of 143.0 and has closed between ₹24.25 and ₹41.98 over the past 52 weeks. > Mercury EV-Tech Ltd's P/E is near the low end of its own history, higher than only 27% of past readings, and its quarterly results are still getting worse. MERCURYEV · Auto Ancillaries - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mercury-ev-tech-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹33.08 (−24.2% in a year)
- P/E: 143.0× (lower than 73% of the last 3.7 years)
- Revenue (Sep 2026): ₹30.1 Cr (−11.5% on a year ago)
- Profit (Sep 2026): ₹1.6 Cr (−9.3% on a year ago)
- Operating margin: 21.2% (+12.3 points on a year ago)
- ROCE: 3%, FY26
- ROIC: 1.6%, against a 12.0% cost of capital: −10.4 points

The main question: the P/E is near the low end of its own history, higher than only 27% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the Mercury EV-Tech share price today? Mercury EV-Tech Ltd's share price was ₹33.08 at the close on 3 November 2026. It has been falling for 1 week. That is 11.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹24 and ₹42, and at that close it sat 50% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running. Over the last 10 years the share price moved +9,629% while the NIFTY 500 moved +221%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mercury EV-Tech this quarter? 8 points in one quarter, best operating margin in 9 quarters and foreign funds (FIIs) cut their stake for 3 quarters in a row. 1. Promoters cut their stake by 3.8 points in one quarter From 59.2% to 55.4% in the September 2026 quarter. 2. Best operating margin in 9 quarters Operating margin was 21.2% in the September 2026 quarter, against 8.9% a year earlier. 3. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 2.7% to 0.6% of the company by the September 2026 quarter. ## What are Mercury EV-Tech's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Mercury EV-Tech reported revenue of ₹30.1 crore, down 11.5% from ₹34.0 crore a year earlier, and a profit of ₹1.56 crore, down 9.3% from ₹1.72 crore. ### Mercury EV-Tech results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹30.1 crore | ₹34.0 crore | −11.5% |
| Profit | ₹1.56 crore | ₹1.72 crore | −9.3% |
| Earnings per share | ₹0.08 | ₹0.09 | −11.1% |
| Operating margin | 21.2% | 8.8% | +12.4 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Mercury EV-Tech share price history? Mercury EV-Tech closed at ₹33.08 on 3 November 2026, down 24.2% from ₹43.66 a year earlier (31 October 2025) and up 3,984.0% over five years. Its highest weekly close since May 2016 was ₹129.80 on 15 December 2023. ### Mercury EV-Tech share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹31.62 | +4.6% |
| 1 month ago · 1 Oct 2026 | ₹37.15 | −11.0% |
| 6 months ago · 30 Apr 2026 | ₹31.41 | +5.3% |
| 1 year ago · 31 Oct 2025 | ₹43.66 | −24.2% |
| 3 years ago · 3 Nov 2023 | ₹46.64 | −29.1% |
| 5 years ago · 1 Nov 2021 | ₹0.81 | +3,984.0% |
| 10 years ago · 3 Oct 2016 | ₹0.37 | +8,840.5% |
| Earliest and lowest weekly close in our records · 27 May 2016 | ₹0.34 | +9,629.4% |
| Highest weekly close since May 2016 · 15 Dec 2023 | ₹129.80 | −74.5% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹41.98 | −21.2% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹24.25 | +36.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (283 weekly closes from 27 May 2016 to 3 November 2026.)

## What is the latest news on Mercury EV-Tech? 3 Nov 2026: Mercury EV-Tech closed at ₹33.08, up 4.6% on the week and down 11.0% on the month. Results for July to September 2026: Revenue down 11.5% and profit down 9.3% on a year earlier. ## What dividend does Mercury EV-Tech pay? Mercury EV-Tech has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Mercury EV-Tech Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Mercury EV-Tech on? Mercury EV-Tech is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): -48.94](https://www.sectoralpha.in/penny-stocks-india)

## Is Mercury EV-Tech profitable? Mercury EV-Tech Ltd earned ₹1.6 Cr of net profit in the Sep 2026 quarter, −9.3% on the same quarter a year earlier. Full-year FY26 profit was ₹4.0 Cr. That is 5.2% of the quarter's revenue. The same quarter a year earlier earned ₹1.7 Cr. For the full year, FY26 profit was ₹4.0 Cr (−50.0% on the year before). Why profit moved: revenue changed −11.5% on a year earlier and the margin moved +12.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −34.8% and revenue −6.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Mercury EV-Tech make, and is it growing? Mercury EV-Tech Ltd reported ₹30.1 Cr of revenue in the Sep 2026 quarter, −11.5% on the same quarter a year earlier. Over 4 years it has grown 217.0% a year on average. The last full year, FY26, came in at ₹101 Cr. The last four reported quarters add to ₹109 Cr. FY26 revenue was ₹101 Cr, +13.5% on the year before. Recent pace: the last four quarters grew −6.7% on average, against 217.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −11.3%, against +80.4% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −50.1%, against +24.3% a year (rolling over). ## How much of every ₹100 of sales does Mercury EV-Tech keep? Mercury EV-Tech Ltd's operating margin was 21.2% in the Sep 2026 quarter, 12.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 5.0% and 24.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +12.3 percentage points on the year while gross margin changed +9.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Mercury EV-Tech's profit turning into cash? Over the last 3 years Mercury EV-Tech Ltd's operations used more cash than they brought in, so cash conversion was −650%, a gap worth watching. In FY26 its operations used ₹32.0 Cr of cash, against ₹4.0 Cr of profit. After ₹28.0 Cr of spending on assets, free cash was −₹60.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −650% of profit came in as cash: the cash cycle got 434 days longer between FY22 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 434 days longer. The next section looks at where the cash is stuck. ## Where does Mercury EV-Tech's cash go? Mercury EV-Tech Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 434 days in FY26, up from 0 days in FY22. It spent ₹90.0 Cr on assets over the last 3 years. Customers take 187 days to pay, and stock sits for 352 days on average. At FY26 sales of ₹101 Cr, each day of that cycle ties up about ₹0.3 Cr, so roughly ₹120 Cr is tied up in the business at any time. FY26: customers took 187 days to pay and stock sat for 352 days, about 11.6 months of sales sitting as stock, for a full cycle of 434 days, longer than FY22's 0. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 352 days. Customers pay about 187 days after that. Suppliers are paid at 105 days. Together that makes the 434-day cycle. Spending on assets: ₹90.0 Cr over the last 3 years, against ₹5.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹32.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Mercury EV-Tech's P/E ratio, and how does it compare with its own history? Mercury EV-Tech Ltd's P/E is 143.0×, near the low end of its own history: it has been lower only 27% of the time. Its usual P/E (the middle reading) is 268.4×, over 3.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹0.24. Why the multiple is where it is: over the past year earnings per share moved −43.9% while the price moved −24.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved −10.8% a year; about +22.7% a year came from earnings growth and about −33.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Mercury EV-Tech business getting better or worse? Mercury EV-Tech Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −50.1% in the latest quarter, against +372.8% at its best in 12 quarters, with ROCE falling at 2.5%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Mercury EV-Tech earn on its capital? Mercury EV-Tech Ltd earned a ROCE of 3% in FY26. Its return on capital used (ROIC) is 10.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.0% net margin and 0.28× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.0% net margin × 0.28× asset turnover × 1.28× leverage (assets divided by equity) ≈ 1.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 1.6% − 12.0% = −10.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Mercury EV-Tech have too much debt? Mercury EV-Tech Ltd has total debt of ₹24.0 Cr against shareholder equity of ₹279 Cr as of Mar 2026, so its debt is 0.09× its equity, which is very little. Year by year, that ratio went from 0.46 in FY23 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Mercury EV-Tech shareholding pattern? Promoters cut their stake in Mercury EV-Tech Ltd by 6.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 55.4% of the company. Foreign institutions moved +0.4 points over the same period, to 0.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (−6.7 points). They reduced their stake. ## How far is Mercury EV-Tech from balance-sheet trouble? For Mercury EV-Tech Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mercury EV-Tech rank in its industry? 31.1 out of 100, rank 20 of 21 in Auto Ancillaries - Diversified, with 68% of the evidence available. Mercury EV-Tech Ltd scores 31.1 out of 100 against the 21 companies it is compared with in Auto Ancillaries - Diversified, ranking 20. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.4 + 5.6 + 8.5 + 8.6 = 31.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mercury EV-Tech compared with? Mercury EV-Tech ranks 20 of 21 Auto Ancillaries - Diversified companies on the 4-Factor Sector Score, with 31.1 out of 100. 1. [Lumax Auto Technologies Ltd](https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd) LUMAXTECH · breaking out · Most evidence points up · 100% evidence 76.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.9% · Profit 57.5% · Operating margin change 0 points · 100% evidence Capital efficiency 19.2/25 · ROCE 21.2% · Operating margin 13% · 100% evidence Valuation 11.1/20 · P/E 37.2× · PEG 0.75 · 100% evidence Relative strength 18.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 27.5% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 19.2 + 11.1 + 18.8 = 76.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) SJS · losing its lead · Most evidence points up · 96% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.0/35 · Revenue 28.6% · Profit 67.5% · Operating margin change 2 points · 88% evidence Capital efficiency 22.0/25 · ROCE 28.6% · Operating margin 29% · 100% evidence Valuation 12.1/20 · P/E 35.1× · PEG 0.89 · 100% evidence Relative strength 8.7/20 · Lead over its industry 0.6% · Lead over NIFTY 500 11.7% · 1 year 28.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 29 + 22 + 12.1 + 8.7 = 71.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) OBSCP · leader · Most evidence points up · 75% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 82.9% · Profit 100% · Operating margin change -1 points · 95% evidence Capital efficiency 16.8/25 · ROCE 19.5% · Operating margin 17% · 76% evidence Valuation 9.0/20 · P/E 55.2× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 58.5% · Lead over NIFTY 500 70.6% · 1 year 162.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 16.8 + 9 + 18.9 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) SANSERA · leader · Evidence leans up · 96% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 52.2% · Operating margin change 2 points · 88% evidence Capital efficiency 11.6/25 · ROCE 14.5% · Operating margin 19% · 100% evidence Valuation 6.9/20 · P/E 68.9× · PEG 1.29 · 100% evidence Relative strength 18.6/20 · Lead over its industry 43.4% · Lead over NIFTY 500 56.1% · 1 year 171.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 11.6 + 6.9 + 18.6 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) CARRARO · quiet · Evidence leans up · 89% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 26.3% · Profit 47.8% · Operating margin change -2 points · 88% evidence Capital efficiency 18.4/25 · ROCE 29.3% · Operating margin 8% · 100% evidence Valuation 15.6/20 · P/E 19.5× · PEG 0.42 · 65% evidence Relative strength 3.9/20 · Lead over its industry -15.6% · Lead over NIFTY 500 -5% · 1 year -8.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.6 + 18.4 + 15.6 + 3.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) JAYBARMARU · quiet · Evidence leans up · 96% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 13.3% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 12.5/25 · ROCE 16.6% · Operating margin 10% · 100% evidence Valuation 19.4/20 · P/E 9× · PEG 0.39 · 100% evidence Relative strength 6.3/20 · Lead over its industry -3.1% · Lead over NIFTY 500 7% · 1 year 27.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 12.5 + 19.4 + 6.3 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) CRAFTSMAN · leader · Evidence leans up · 82% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 35.9% · Profit 100% · Operating margin change -2 points · 95% evidence Capital efficiency 11.8/25 · ROCE 13.9% · Operating margin 13% · 76% evidence Valuation 7.1/20 · P/E 50.6× · PEG n/a · 50% evidence Relative strength 15.7/20 · Lead over its industry 12.6% · Lead over NIFTY 500 24.7% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 11.8 + 7.1 + 15.7 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) BOSCHLTD · leader · Evidence leans up · 78% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 13.6% · Profit -11.4% · Operating margin change 1 points · 83% evidence Capital efficiency 17.7/25 · ROCE 21.5% · Operating margin 14% · 76% evidence Valuation 6.0/20 · P/E 58.9× · PEG n/a · 50% evidence Relative strength 18.0/20 · Lead over its industry 13.3% · Lead over NIFTY 500 26.1% · 1 year 26.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 17.7 + 6 + 18 = 57.6 · What this means: Relative strength against the index is 26.1%, and revenue and profit growth are weak. 9. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) MINDACORP · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 26.6% · Profit 94.9% · Operating margin change 0 points · 88% evidence Capital efficiency 9.7/25 · ROCE 12.7% · Operating margin 11% · 100% evidence Valuation 8.4/20 · P/E 37.5× · PEG 1.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 9% · 1 year 12.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 27.1 + 9.7 + 8.4 + 11 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) SUPRAJIT · losing its lead · Evidence leans up · 81% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 18.4% · Profit 73.2% · Operating margin change 3 points · 88% evidence Capital efficiency 12.6/25 · ROCE 15.5% · Operating margin 12% · 100% evidence Valuation 5.1/20 · P/E 34.6× · PEG 5.51 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year 6.1% · 25% evidence · 7 of 12 weeks ahead Exact sum: 26.6 + 12.6 + 5.1 + 10.9 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) VARROC · leader · Evidence leans up · 81% evidence 52.6 out of 100 Growth Capital Valuation Relative
12. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ACGL · quiet · Evidence leans up · 85% evidence 51.6 out of 100 Growth Capital Valuation Relative
13. [Samvardhana Motherson International Ltd](https://www.sectoralpha.in/stocks/samvardhana-motherson-international-ltd) MOTHERSON · leader · Evidence leans down · 96% evidence 48.7 out of 100 Growth Capital Valuation Relative
14. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) MUNJALAU · losing its lead · Evidence leans down · 78% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) MSUMI · basing · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
16. [Sharda Motor Industries Ltd](https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd) SHARDAMOTR · losing its lead · Evidence leans down · 96% evidence 46.3 out of 100 Growth Capital Valuation Relative
17. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) NDRAUTO · quiet · Evidence leans down · 96% evidence 45.9 out of 100 Growth Capital Valuation Relative
18. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ENDURANCE · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
19. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ZFCVINDIA · quiet · Evidence leans down · 96% evidence 36.7 out of 100 Growth Capital Valuation Relative
20. Mercury EV-Tech Ltd this page MERCURYEV · quiet · Most evidence points down · 68% evidence 31.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.4/35 · Revenue -11.3% · Profit -50.1% · Operating margin change 12.3 points · 100% evidence Capital efficiency 5.6/25 · ROCE 2.5% · Operating margin 21.2% · 100% evidence Valuation 8.5/20 · P/E 137× · PEG n/a · 15% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -4.5% · 1 year -26.7% · 25% evidence · 9 of 12 weeks ahead Exact sum: 8.4 + 5.6 + 8.5 + 8.6 = 31.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 21. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) PRECAM · quiet · Most evidence points down · 81% evidence 25.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Diversified](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified), all 21 compared on one page. ## Which companies are close to Mercury EV-Tech in size? Mercury EV-Tech is the 21st largest of 21 Auto Ancillaries - Diversified companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: OBSC Perfection, NDR Auto Components, Jay Bharat Maruti, Automobile Corporation Of Goa, Munjal Auto Industries and Precision Camshafts. It is the smallest. ### Auto Ancillaries - Diversified companies close in size

1. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) ₹2,115 crore
2. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) ₹1,535 crore
3. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) ₹1,244 crore
4. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ₹1,079 crore
5. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) ₹974 crore
6. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) ₹886 crore
7. Mercury EV-Tech Ltd ₹602 crore

[All 21 Auto Ancillaries - Diversified companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified#all-companies)

### Companies close in size in other industries

1. [Delton Cables Ltd](https://www.sectoralpha.in/stocks/delton-cables-ltd) ₹603 crore · Cables - Power
2. [Ecos (India) Mobility & Hospitality Ltd](https://www.sectoralpha.in/stocks/ecos-indiamobility-hospitality-ltd) ₹602 crore · Services - Others
3. Mercury EV-Tech Ltd ₹602 crore
4. [Sheetal Cool Products Ltd](https://www.sectoralpha.in/stocks/sheetal-cool-products-ltd) ₹602 crore · Food & Dairy Products
5. [Subam Papers Ltd](https://www.sectoralpha.in/stocks/subam-papers-ltd) ₹602 crore · Packaging - Others

## What else do people ask about Mercury EV-Tech? ### What is Mercury EV-Tech's share price today? Mercury EV-Tech Ltd's share price is ₹33.08, −24.2% over the past year. The whole company is worth ₹628 Cr on the market. In the last 52 weeks it traded between ₹24 to ₹42; today it is 50% of the way up from the low, 11.7% below its 200-day average (as of 3 November 2026). ### What were Mercury EV-Tech's latest quarterly results? Mercury EV-Tech Ltd reported revenue of ₹30.1 Cr and net profit of ₹1.6 Cr for the Sep 2026 quarter. Revenue fell 11.5% and profit fell 9.3% compared with a year earlier. Earnings per share were ₹0.08. The operating margin was 21.2%, 12.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Mercury EV-Tech's market cap? Mercury EV-Tech Ltd's market capitalisation is ₹628 Cr at a share price of ₹33.08. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mercury EV-Tech performing? Mercury EV-Tech Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue fell 11.5% and profit fell 9.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will Mercury EV-Tech's share price go up? This page does not forecast Mercury EV-Tech Ltd's share price. What it shows instead: the share price is ₹33.08, and it has been falling for 1 weeks. Its P/E of 143.0× is higher than 27% of its own last 4 years (as of 3 November 2026). ### Who owns Mercury EV-Tech? Promoters own 55.4% of Mercury EV-Tech Ltd, foreign institutions 0.6%, domestic institutions, and the public 44.0% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 6.7 percentage points over 8 quarters (as of 3 November 2026). ### Does Mercury EV-Tech have too much debt? No, Mercury EV-Tech Ltd has little debt: its debt is 0.09× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹24.0 Cr against equity of ₹278 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Mercury EV-Tech in its business cycle? Mercury EV-Tech Ltd's FY26 operating margin was 5.0%, against a 5-year range of 5.0% to 24.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 21.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mercury EV-Tech story? The main question: the P/E is near the low end of its own history, higher than only 27% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mercury EV-Tech a stock worth studying right now? What the numbers show: Mercury EV-Tech Ltd's P/E is near the low end of its own history, higher than only 27% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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