Mercury EV-Tech is a new player in the electric vehicle (EV) space, focused on the technology that will get us to a clean and sustainable transport future. As demand for green mobility solutions grows Mercury EV-Tech is positioning itself as a key player in the EV revolution.
Governments around the world are promoting green energy policies and electric vehicles are becoming more mainstream, EV stocks are hot for investors. The growth potential is long term so companies like Mercury EV-Tech are a good choice for those looking to invest in the future of mobility.
Market Overview: Mercury EV-Tech Ltd.
| Company Essentials | Details |
|---|---|
| Market Cap | ₹ 1,478.75 Cr. |
| Enterprise Value | ₹ 1,502.97 Cr. |
| No. of Shares | 19 Cr. |
| P/E Ratio | 690.07 |
| P/B Ratio | 7.8 |
| Face Value | ₹ 1 |
| Dividend Yield | 0% |
| Book Value (TTM) | ₹ 9.98 |
| Cash | ₹ 0.87 Cr. |
| Debt | ₹ 25.09 Cr. |
| Promoter Holding | 59.18% |
| EPS (TTM) | ₹ 0.11 |
| Sales Growth | 48.38% |
| ROE (Return on Equity) | 3.37% |
| ROCE (Return on Capital Employed) | 3.71% |
| Profit Growth | 149.17% |
| 52 Week High | ₹ 139.20 |
| 52 Week Low | ₹ 64.32 |
Mercury EV-Tech Share Price Target from 2025 to 2050:
| Year | Minimum Target (₹) | Average Target (₹) | Maximum Target (₹) |
|---|---|---|---|
| 2025 | 150 | 180 | 200 |
| 2026 | 180 | 210 | 240 |
| 2027 | 210 | 250 | 280 |
| 2028 | 240 | 290 | 330 |
| 2029 | 270 | 330 | 380 |
| 2030 | 300 | 370 | 420 |
| 2035 | 450 | 520 | 600 |
| 2040 | 700 | 800 | 900 |
| 2045 | 1,000 | 1,150 | 1,300 |
| 2050 | 1,500 | 1,700 | 2,000 |
Mercury EV-Tech Share Price Target 2025
Price Target: ₹150 to ₹200
Mercury EV-Tech is expected to witness steady growth as the demand for electric vehicles (EVs) rises globally. Government incentives for clean energy and EV adoption will positively impact the company’s revenue. The projected share price is driven by initial EV market penetration and technology adoption.
Mercury EV-Tech Share Price Target 2026
Price Target: ₹210 to ₹240
With expanding EV infrastructure and technological advancements, Mercury EV-Tech’s performance is likely to improve. Strategic partnerships and product innovations could push the stock, with increased investor confidence playing a crucial role.
Mercury EV-Tech Share Price Target 2027
Price Target: ₹210 to ₹280
By 2027, the company may benefit from economies of scale, leading to cost efficiencies and higher profit margins. The share price is expected to be influenced by robust sales growth and expansion into international markets.
Mercury EV-Tech Share Price Target 2028
Price Target: ₹240 to ₹330
A strong focus on sustainable practices and advanced battery technologies could propel Mercury EV-Tech’s growth. Government policies supporting EV adoption globally will act as key drivers.
Mercury EV-Tech Share Price Target 2029
Price Target: ₹330 to ₹380
Diversification into new EV models and technological innovations will likely attract more investors. With increasing global EV sales, the stock could reach a high level while maintaining an average.
Mercury EV-Tech Share Price Target 2030
Price Target: ₹370 to ₹420
2030 marks a pivotal year with many countries setting targets for zero-emission vehicles. Mercury EV-Tech could capitalize on this trend, boosting its stock due to strong revenue growth.
Mercury EV-Tech Share Price Target 2035
Price Target: ₹600
The EV market is projected to mature by 2035, with Mercury EV-Tech firmly established as a key player. The company’s share price could soar, supported by strong global market presence, diversified product lines, and consistent profitability.
Mercury EV-Tech Share Price Target 2040
Price Target: ₹800 to ₹900
With advancements in autonomous driving and renewable energy integration, Mercury EV-Tech could reach new heights. Strong global demand and technological leadership may push the stock to a high level.
Mercury EV-Tech Share Price Target 2045
Price Target: ₹1,300
As EV technology continues to evolve, Mercury EV-Tech might benefit from next-generation battery solutions and software advancements. The share price could reflect the company’s adaptability and innovation.
Mercury EV-Tech Share Price Target 2050
Price Target: ₹2,000
By 2050, Mercury EV-Tech is expected to be a global leader in the EV industry, benefiting from decades of growth and technological evolution. The share price could be driven by sustained demand, global operations, and continuous innovation in sustainable transport solutions.
Peer Comparison:
| COMPANY | PRICERs. | MCAPCr. | P/E | EPSRs. | ROE% | ROCE% | EV/EBITDA |
|---|---|---|---|---|---|---|---|
| Maruti Suzuki | 13,046.60 | 4,10,279.64 | 29.05 | 449.17 | 18.30 | 23.67 | 18.10 |
| Mahindra & Mahindra | 3,197.75 | 3,97,736.48 | 34.72 | 92.13 | 22.55 | 26.98 | 20.47 |
| Hyundai Motor India | 1,900.10 | 1,54,236.55 | 25.90 | 73.28 | 39.61 | 51.58 | 14.10 |
| Mercury Metals | 77.84 | 1,478.75 | 690.07 | 0.11 | 3.37 | 3.71 | 410.27 |
| Hindustan Motors | 27.27 | 568.18 | 17.55 | 1.55 | 0 | 175.12 | 15.11 |
Mercury EV-Tech Shareholding Ratios
| Category | Percentage |
|---|---|
| Promoter | 59.18% |
| Public | 39.13% |
| FII | 1.69% |
| DII | 0% |
Strengths & Limitations of Mercury EV-Tech Ltd.
Strengths
- The company has shown a good revenue growth of 155.63% over the past 3 years.
- The company has a healthy Interest coverage ratio of 16.10.
- The company has a healthy liquidity position with a current ratio of 5.30.
- The company has a high promoter holding of 59.18%.
- The company has a strong degree of Operating leverage, with an average Operating leverage of 53.87.
Limitations
- The company has high debtor days of 189.33.
- The company has negative cash flow from operations of -14.53.
- The company is trading at a high PE ratio of 690.07.
- The company is trading at a high EV/EBITDA ratio of 410.27.
Financials:
Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 0 | 1.15 | 1.18 | 12.93 | 19.18 |
| Total Expenditure | 0.14 | 1.27 | 0.91 | 12.30 | 16.15 |
| Operating Profit | -0.14 | -0.12 | 0.28 | 0.63 | 3.03 |
| Other Income | 0.01 | 0.03 | 0.04 | 0.53 | 0.50 |
| Interest | 0 | 0 | 0 | 0.02 | 0.20 |
| Depreciation | 0 | 0 | 0 | 0.05 | 0.24 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0.13 | -0.09 | 0.32 | 1.09 | 3.09 |
| Tax | -0.01 | 0 | 0.09 | 0.21 | 0.90 |
| Net Profit | -0.13 | -0.09 | 0.23 | 0.88 | 2.19 |
| Adjusted EPS (Rs.) | -0.07 | -0.05 | 0.12 | 0.05 | 0.12 |
Balance Sheet (All Figures are in Crores.)
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 0.70 | 0.70 | 0.70 | 16.69 | 17.55 |
| Total Reserves | 0.51 | 0.42 | 0.66 | 32.95 | 62.88 |
| Borrowings | 0 | 0 | 0 | 22.15 | 23.08 |
| Other N/C liabilities | 0 | 0 | 0 | 0.05 | 0.13 |
| Current liabilities | 0.02 | 0.01 | 0.13 | 3.87 | 12.41 |
| Total Liabilities | 1.22 | 1.13 | 1.48 | 75.71 | 116.06 |
| Assets | |||||
| Net Block | 0 | 0 | 0 | 2.11 | 5.23 |
| Capital WIP | 0 | 0 | 0 | 8.72 | 28.47 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0.02 | 0.02 |
| Loans & Advances | 0 | 0 | 0.38 | 1.59 | 16.58 |
| Other N/C Assets | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 1.22 | 1.12 | 1.10 | 63.27 | 65.76 |
| Total Assets | 1.22 | 1.13 | 1.48 | 75.71 | 116.06 |
Cash Flows (All Figures are in Crores.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Profit from operations | -0.13 | -0.09 | 0.32 | 1.09 | 3.09 |
| Adjustment | 0 | 0 | -0.04 | 0.05 | 0.41 |
| Changes in Assets & Liabilities | 0.11 | 1.12 | -0.64 | -15.99 | -17.83 |
| Tax Paid | 0 | 0 | 0 | 0.03 | -0.20 |
| Operating Cash Flow | -0.02 | 1.03 | -0.36 | -14.81 | -14.53 |
| Investing Cash Flow | 0 | 0 | 0.04 | -46.38 | -22.87 |
| Financing Cash Flow | 0 | 0 | 0 | 69.42 | 29.30 |
| Net Cash Flow | -0.02 | 1.03 | -0.32 | 8.22 | -8.11 |
Conclusion
Mercury EV-Tech Ltd. stands at the forefront of the electric vehicle revolution, driven by significant revenue growth and a strong promoter holding. The company’s strategic focus on expanding EV infrastructure, technological advancements, and sustainable practices positions it well for long-term success. However, challenges such as high debtor days, negative cash flow from operations, and elevated trading ratios need to be addressed to maintain investor confidence. Overall, Mercury EV-Tech’s prospects appear promising, with potential for substantial growth in the coming decades.
Disclaimer
The information provided in this analysis is for informational purposes only and should not be considered as financial advice. Stock price predictions are based on various assumptions and market conditions, and actual performance may vary. Investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages that may arise from the use of this information.