Mercury Metals

Ahmedabad, India Founded: 1986 • Age: 40 yrs Listed
Trading in ferrous and non-ferrous metals is conducted.
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About Mercury Metals

Mercury Metals is a publicly listed company based in Ahmedabad (India) founded in 1986. Trading in ferrous and non-ferrous metals is conducted. Mercury Metals has completed 1 acquisition, including Traclaxx Tractors. Its chief executive, as recorded, is Govindram Laluram Kabra. Its Indian entity Mercury Ev-Tech Limited reported revenue of ₹108 Cr. Mercury Metals offers products and services including Electric Vehicles and Batteries and Components.

Company details

Mercury Metals was founded in 1986 in Ahmedabad, India. Operations center on the trading of ferrous and non-ferrous metals within the metals sector. Activities include sourcing and distribution to various markets, with a focus on industrial needs. The company is led by CEO and Chairman Govindram Laluram Kabra, ensuring oversight of trading processes from its base in India.

Key Metrics
  • Market Cap
    ₹639 Cr

    MERCURYEV · NSE

  • Share Price
    ₹31.59

    -6.15% today

  • Revenue
    ₹102 Cr

    FY 2025-26 · +13.9% YoY

  • EBITDA
    ₹5.27 Cr

    Margin 5.2%

  • Net Profit
    ₹4.18 Cr

    FY 2025-26 · -44.1% YoY

  • P/E (TTM)
    145.2x

    P/B 3.4x

  • Investments & Acquisitions
    Traclaxx Tractors

Products & Services of Mercury Metals

Mercury Metals offers a comprehensive portfolio of products and services, including Electric Vehicles and Batteries and Components.

Electric Vehicles
Transportation

Various electric vehicles are manufactured for diverse markets, including cars, two-wheelers, and commercial vehicles, with features like specific ranges and speeds

Batteries and Components
Energy Storage

Lithium-ion batteries, chassis, and motor controllers are produced for electric vehicles, supported by advanced manufacturing facilities

Board of directors of Mercury Ev-Tech Limited (Mercury Metals)

Mercury Ev-Tech Limited is the primary company behind Mercury Metals. The board of Mercury Ev-Tech Limited currently have 9 directors; the longest-serving is Dhruv Deepak Yardi, appointed in 2022. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dhruv Deepak Yardi
DIN 06553099
CFO02 Mar 20224 yrs 7 moMercury Ev-Tech Limited
Manshi Jain
DIN 09533465
Director05 Apr 20224 yrs 6 moMercury Ev-Tech Limited
Darshankumar Jitendra Shah
DIN 08687729
Director03 Oct 20224 yrsMercury Ev-Tech Limited
Dinesh Kumar Sinha
DIN 10322097
Director26 Oct 20232 yrs 11 moMercury Ev-Tech Limited
Lalit Vitthal Waankhede
DIN 00556938
Director25 Jan 20242 yrs 9 moMercury Ev-Tech Limited
Sachin Shivaji Wagh
DIN 01056774
Director25 Jan 20242 yrs 9 moMercury Ev-Tech Limited
Ajay Ramkrishna Shukla
DIN 10714665
Director13 Aug 20242 yrs 2 moMercury Ev-Tech Limited
Jayesh Raichandbhai Thakkar
DIN 01631093
Managing Director07 Nov 20241 yr 11 moMercury Ev-Tech Limited
Riya Vinodbhai Sharma
DIN 11208483
Director24 Jul 20251 yr 3 moMercury Ev-Tech Limited

People of Mercury Metals

1 people are tracked at Mercury Metals (1 in leadership).

NameRoleGroup
Govindram Laluram Kabra
CEO & ChairmanLeadership
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Complete people profiles for Mercury Metals

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IPO & Listings of Mercury Metals

Mercury Metals is a publicly listed company on the BSE with ticker symbol MERCURYEV in India, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date23 Dec 2011
  • Listed onBSE: 531357
  • Listed entityMercury Ev-Tech Limited
  • Exchange sectorDistribution services
  • ISININE763M01028
  • Share price₹30.92 (-0.06% on the day) · 2026-05-11
  • Market capitalisation₹588 Cr
  • Price to earnings109.7
  • EPS (diluted, trailing year)₹0.28
  • Volume (last session)107,718
  • Analyst consensusNo rating

Financials of Mercury Metals

Exchange-reported figures of Mercury Ev-Tech Limited, the listed company behind Mercury Metals (NSE: MERCURYEV).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹102 Cr
+13.9% YoY
EBITDA
₹5.27 Cr
-35.1% YoY
Profit After Tax
₹4.18 Cr
-44.1% YoY
Net Worth
₹278 Cr
+0.3% YoY
Total Assets
₹327 Cr
+7.2% YoY
Total Debt
₹24.23 Cr
+338.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue10289.6422.0216.101.18
Revenue growth+13.9%+307.1%+36.8%+1264.4%-
EBITDA5.278.122.911.640.27
EBITDA margin+5.2%+9.1%+13.2%+10.2%+22.9%
Profit before tax6.599.942.881.610.31
Net profit4.187.481.991.390.22
Net profit margin+4.1%+8.3%+9.0%+8.6%+18.6%
EPS (₹)0.220.390.110.080.33
Balance sheet
Total assets32730513673.151.35
Net worth27827780.6950.001.36
Total debt24.235.5255.5422.930.00
Cash & bank5.9255.710.929.080.75
Net working capital19619954.8129.540.97
Cash flow
Cash from operations(31.65)(43.83)(14.61)(14.08)(0.36)
Cash from investing19.23(90.13)(54.64)(47.93)0.04
Cash from financing11.2813961.0870.340.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.3820.2125.2934.0122.5730.6835.6019.48
Revenue growth (YoY)+47.9%-34.1%-29.0%+74.6%+483.2%---
Other income0.364.710.020.640.502.870.180.40
EBITDA3.26(2.34)2.393.022.12(0.87)6.062.02
EBITDA margin+9.8%-11.6%+9.5%+8.9%+9.4%-2.8%+17.0%+10.4%
Depreciation0.941.131.001.220.300.220.160.21
Interest0.730.390.200.080.130.410.310.08
Profit before tax1.950.851.212.362.191.375.772.13
Tax0.390.680.450.510.560.041.500.53
Net profit1.560.170.761.851.631.334.271.60
EPS (₹)0.090.020.050.090.070.060.240.09
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue45.2767.6419.1812.931.181.150.00
Revenue growth-33.1%+252.7%+48.3%+995.8%+2.6%--
EBITDA2.418.083.020.640.27(0.12)(0.14)
EBITDA margin+5.3%+12.0%+15.8%+5.0%+22.9%-10.4%-
Profit before tax4.278.313.081.100.31(0.09)(0.13)
Net profit2.836.382.190.890.22(0.09)(0.12)
Net profit margin+6.3%+9.4%+11.4%+6.9%+18.6%-7.8%-
EPS (₹)0.150.340.120.050.33(0.13)(0.19)
Balance sheet
Total assets30328310671.941.351.121.21
Net worth28328080.4349.641.361.121.21
Total debt20.302.4525.0922.300.000.000.00
Cash & bank4.9555.530.878.980.751.070.04
Net working capital19821655.3659.550.971.111.20
Cash flow
Cash from operations(23.40)(31.62)(14.53)(14.81)(0.36)1.03(0.02)
Cash from investing3.38(133)(24.85)(46.38)0.040.000.00
Cash from financing18.0917031.2769.420.000.000.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue20.6713.6711.2115.494.9120.1730.9813.91
Revenue growth (YoY)+321.0%-32.2%-63.8%+11.4%+90.3%---
Other income0.013.990.000.650.390.960.090.37
Total expenses17.5815.319.3113.644.5919.6025.3012.81
EBITDA3.09(1.64)1.901.850.320.575.681.10
EBITDA margin+14.9%-12.0%+16.9%+11.9%+6.5%+2.8%+18.3%+7.9%
Depreciation0.820.930.860.850.210.100.140.18
Interest0.570.240.000.070.010.230.250.08
Profit before tax1.711.181.041.580.491.205.381.21
Tax0.260.620.270.430.130.081.400.31

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.3820.2125.2934.0122.5730.6835.6019.48
Revenue growth (YoY)+47.9%-34.1%-29.0%+74.6%+483.2%---
Other income0.364.710.020.640.502.870.180.40
EBITDA3.26(2.34)2.393.022.12(0.87)6.062.02
EBITDA margin+9.8%-11.6%+9.5%+8.9%+9.4%-2.8%+17.0%+10.4%
Depreciation0.941.131.001.220.300.220.160.21
Interest0.730.390.200.080.130.410.310.08
Profit before tax1.950.851.212.362.191.375.772.13
Tax0.390.680.450.510.560.041.500.53
Net profit1.560.170.761.851.631.334.271.60
EPS (₹)0.090.020.050.090.070.060.240.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue10289.6422.0216.101.18
Revenue growth+13.9%+307.1%+36.8%+1264.4%-
Other income5.863.450.500.050.04
Total expenses96.8181.5219.1114.460.91
Employee cost0.006.291.270.450.02
EBITDA5.278.122.911.640.27
EBITDA margin+5.2%+9.1%+13.2%+10.2%+22.9%
Depreciation3.640.750.320.060.00
Interest0.900.880.210.020.00
Profit before tax6.599.942.881.610.31
Tax2.212.240.890.210.09
Net profit4.187.481.991.390.22
Net profit margin+4.1%+8.3%+9.0%+8.6%+18.6%
EPS (₹)0.220.390.110.080.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital19.0019.0017.5516.690.70
Reserves & surplus17417363.1433.310.66
Shareholders' funds (net worth)27827780.6950.001.36
Minority interest1.511.360.000.110.00
Secured loans1.521.527.473.990.00
Unsecured loans22.714.0048.0718.940.00
Total debt24.235.5255.5422.930.00
Total liabilities32730513673.151.35
Assets
Gross block95.1745.4036.9333.400.00
Net block94.9644.2636.5433.340.00
Capital work in progress31.6458.6343.228.720.00
Investments0.000.000.000.000.00
Inventories71.5043.526.667.380.00
Sundry debtors52.0538.5313.744.960.00
Cash & bank balances5.9255.710.929.080.75
Loans & advances96.2491.7547.7011.880.35
Total current assets22623069.0233.301.10
Total current liabilities29.2630.1714.213.760.13
Net working capital19619954.8129.540.97
Total assets32730513673.151.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash6.050.929.080.751.07
Net cash from operating activities(31.65)(43.83)(14.61)(14.08)(0.36)
Net cash from investing activities19.23(90.13)(54.64)(47.93)0.04
Net cash from financing activities11.2813961.0870.340.00
Net change in cash(1.14)5.13(8.16)8.33(0.32)
Closing cash5.9255.710.929.080.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+13.9%+307.1%+36.8%+1264.4%-
EBITDA growth-35.1%+179.0%+77.4%+507.4%-
PBT growth-33.7%+245.1%+78.9%+419.4%+9997.0%
Net income growth-44.1%+275.9%+43.2%+531.8%-
Revenue CAGR (3Y)+85.1%+323.5%---
EBITDA CAGR (3Y)+47.6%+211.0%---
Profitability & leverage
Net income margin+4.3%+8.6%+9.0%+8.7%+18.6%
Return on capital employed-+4.7%+2.7%+3.2%+2.0%
Return on net worth-+4.1%+2.6%+3.5%+1.5%
Debt / equity-0.170.600.450.00
Long-term debt / equity-0.020.070.080.00
Interest cover55.2111.948.111.270.00
Efficiency & per share
Fixed asset turnover-2.180.630.960.00
Inventory turnover-3.573.144.360.00
Debtors turnover-3.432.366.490.00
EPS (₹)0.220.390.110.080.33
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)0.0010.104.603.001.95
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue20.6713.6711.2115.494.9120.1730.9813.91
Revenue growth (YoY)+321.0%-32.2%-63.8%+11.4%+90.3%---
Other income0.013.990.000.650.390.960.090.37
Total expenses17.5815.319.3113.644.5919.6025.3012.81
EBITDA3.09(1.64)1.901.850.320.575.681.10
EBITDA margin+14.9%-12.0%+16.9%+11.9%+6.5%+2.8%+18.3%+7.9%
Depreciation0.820.930.860.850.210.100.140.18
Interest0.570.240.000.070.010.230.250.08
Profit before tax1.711.181.041.580.491.205.381.21
Tax0.260.620.270.430.130.081.400.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue45.2767.6419.1812.931.181.150.00
Revenue growth-33.1%+252.7%+48.3%+995.8%+2.6%--
Other income5.031.420.500.530.040.030.01
Total expenses42.8659.5616.1612.290.911.270.14
Employee cost0.004.130.630.190.020.070.06
EBITDA2.418.083.020.640.27(0.12)(0.14)
EBITDA margin+5.3%+12.0%+15.8%+5.0%+22.9%-10.4%-
Depreciation2.850.560.240.050.000.000.00
Interest0.320.630.200.020.000.000.00
Profit before tax4.278.313.081.100.31(0.09)(0.13)
Tax1.441.930.890.210.090.00(0.01)
Net profit2.836.382.190.890.22(0.09)(0.12)
Net profit margin+6.3%+9.4%+11.4%+6.9%+18.6%-7.8%-
EPS (₹)0.150.340.120.050.33(0.13)(0.19)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.0019.0017.5516.690.700.700.70
Reserves & surplus17917662.8832.950.660.420.51
Shareholders' funds (net worth)28328080.4349.641.361.121.21
Secured loans17.850.007.473.990.000.000.00
Unsecured loans2.452.4517.6218.310.000.000.00
Total debt20.302.4525.0922.300.000.000.00
Total liabilities30328310671.941.351.121.21
Assets
Gross block85.827.875.512.160.000.000.00
Net block85.767.035.222.110.000.000.00
Capital work in progress14.4955.0543.228.720.000.000.00
Investments3.033.040.020.020.000.000.00
Inventories30.4012.294.846.010.000.000.00
Sundry debtors43.1032.8513.426.480.000.000.13
Cash & bank balances4.9555.530.878.980.751.070.04
Loans & advances13812946.6341.800.350.051.05
Total current assets21723065.7663.271.101.121.22
Total current liabilities18.2113.7310.403.720.130.010.02
Net working capital19821655.3659.550.971.111.20
Total assets30328310671.941.351.121.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash5.870.878.980.751.070.040.06
Net cash from operating activities(23.40)(31.62)(14.53)(14.81)(0.36)1.03(0.02)
Net cash from investing activities3.38(133)(24.85)(46.38)0.040.000.00
Net cash from financing activities18.0917031.2769.420.000.000.00
Net change in cash(1.93)5.00(8.11)8.22(0.32)1.03(0.02)
Closing cash4.9555.530.878.980.751.070.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-33.1%+252.7%+48.3%+995.8%+2.6%--
EBITDA growth-70.2%+167.6%+371.9%+137.0%+325.0%+14.3%-
PBT growth-48.6%+169.8%+180.0%+254.8%+9998.0%+30.8%-8.3%
Net income growth-55.6%+191.3%+146.1%+304.6%+344.4%+25.0%-
Revenue CAGR (3Y)+51.9%+285.6%+155.5%-+12.4%+19.1%-100.0%
EBITDA CAGR (3Y)+55.6%+210.5%----22.7%+20.5%
Profitability & leverage
Net income margin+6.3%+9.4%+11.4%+6.9%+18.6%-7.8%-
Return on capital employed-+4.4%+3.3%+2.2%+3.8%0.0%0.0%
Return on net worth-+3.4%+2.8%+2.2%+2.7%0.0%0.0%
Debt / equity-0.080.360.440.000.000.00
Long-term debt / equity-0.020.070.080.000.000.00
Interest cover-72.738.387.193.390.000.000.00
Efficiency & per share
Fixed asset turnover-10.115.0011.970.000.000.00
Inventory turnover-7.903.544.300.000.000.00
Debtors turnover-2.921.933.990.0017.690.00
EPS (₹)0.150.340.120.050.33(0.13)(0.19)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0010.274.582.971.951.611.74

Investments & Acquisitions by Mercury Metals

Mercury Metals has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Traclaxx Tractors.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Traclaxx Tractors
Manufacturer of tractors and tractor parts including spindles, half axles, hubs, shafts, piston rings, liners, and diesel filters
traclaxx-bax.comLudhiana, India1984May 2024••••
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Timeline of Mercury Metals

3 dated milestones of Mercury Metals across 38 years, from founding to its latest funding, stage changes and deals.

  1. Founded Mercury Metals is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Traclaxx Tractors.

Web traffic of Mercury Metals

The website of Mercury Metals (mercurymetals.in) receives about 6.5K visits a month.

  • Monthly visits
    6.5K

    ▲ 538.8% vs previous month

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Mercury Ev-Tech Consolidated December 2024 Net Sales at Rs 35.60 crore, up 678.11% Y-o-Y
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Shares of this electronic vehicles company hit 52-week high as board approves preferential shares, warrants rights issue
India • 2 years ago
Mercury Ev-Tech Approves Preferential Issue Of Shares Worth Up To 1.18 Billion Rupees
Reuters • 2 years ago
Mercury Ev-Tech To Consider Raising Of Funds
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Mercury Ev-Tech Limited Enters into Memorandum of Understanding with Hydrogen Horizons Ltd and Hydrogen Horizons Israel Ltd to Incorporate New Entity
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Frequently Asked Questions about Mercury Metals

Mercury Metals was founded in 1986.

Mercury Metals is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Govindram Laluram Kabra is the CEO of Mercury Metals, as recorded in our data.

The primary company behind Mercury Metals, Mercury Ev-Tech Limited, reported revenue of ₹108 Cr for FY 2026, up 14% year on year.

Mercury Metals was founded in 1986 in Ahmedabad, India. Operations center on the trading of ferrous and non-ferrous metals within the metals sector. Activities include sourcing and distribution to various markets, with a focus on industrial needs. The company is led by CEO and Chairman Govindram Laluram Kabra, ensuring oversight of trading processes from its base in India.

Mercury Metals offers Electric Vehicles and Batteries and Components.

Yes, Mercury Metals is publicly traded on BSE under the ticker symbol MERCURYEV.

Mercury Metals has made 1 acquisition, including Traclaxx Tractors.

Mercury Metals operates through Mercury Ev-Tech Limited.

The legal entities of Mercury Metals currently have 10 directors, including Lalit Vitthal Waankhede, Dinesh Kumar Sinha, Jayesh Raichandbhai Thakkar and others.

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