Mercury Ev-Tech Limited

BSE: 531357 NSE: MERCURYEV
Mercury Ev-Tech Limited - metals and minerals in Karjan, Gujarat, India. FY 2026 financials & compliance.
CIN L27109GJ1986PLC008770 Incorporated 04 July 1986 ROC Ahmedabad HQ Karjan, Gujarat, India
Active Listed - NSE: MERCURYEV · BSE: 531357 Public Limited Company metals and minerals
Data last updated
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
Authorised capital
₹48.01 Cr
Registered with MCA
Paid-up capital
₹19 Cr
Issued & subscribed

About Mercury Ev-Tech Limited

Data last updated:

Mercury Ev-Tech Limited is a public limited company based in Karjan, Gujarat, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 04 July 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27109GJ1986PLC008770. Its GSTIN is 24AABCM2887P1ZX (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 531357 and NSE: MERCURYEV.

The company has an authorised share capital of ₹48.01 Cr and a paid-up capital of ₹19 Cr. It was formerly known as Mercury Metals Private Limited and Mercury Metals Limited. It is led by directors including Jayesh Raichandbhai Thakkar (Managing Director) and Lalit Vitthal Waankhede.

Its last annual general meeting (AGM) was held on 15 December 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Block No. 28 Vill – Manglej, Ta – Karjan Di – Vadodara 391243, Gujarat, India – 391243.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹102.08 Cr, a growth of 13.9% compared to the previous year. For the same year it recorded a net profit of ₹4.18 Cr (net margin 4.1%) and EBITDA of ₹5.27 Cr (EBITDA margin 5.2%). The net worth stands at ₹277.63 Cr (up 0.3% YoY). Total assets are valued at ₹327.16 Cr (up 7.2% YoY).

The company has about 122 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands: Mercury Metals and Mercury EV. As per MCA filings, the company has open charges of ₹65.23 Cr and satisfied charges of ₹19.44 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 2 cases are pending. The company has 4 deals on record (4 market trades); the latest was in March 2020. Its 5 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 3 larger and 2 smaller; the largest is JS Mobileon Private Limited with revenue of ₹23.4 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mercuryevtech.com.

Company details

CIN L27109GJ1986PLC008770
Registration Number 008770
Incorporation Date 04 July 1986
ROC Ahmedabad
Listing Status Listed - Listed on NSE (MERCURYEV); Listed on BSE (531357)
Company Status Active
Date of Last AGM 15 December 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Mercury Ev-Tech has undergone 2 name changes throughout its history. The company was previously known as Mercury Metals Private Limited, and Mercury Metals Limited. The current legal name is Mercury Ev-Tech Limited.

Company NameStatus
Mercury Ev-Tech LimitedCurrent
Mercury Metals Private LimitedPrevious
Mercury Metals LimitedPrevious

CIN history

Mercury Ev-Tech has one previous CIN (Corporate Identification Number): U27109GJ1986PLC008770. The current CIN is L27109GJ1986PLC008770, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27109GJ1986PLC008770Current
U27109GJ1986PLC008770Previous
Key People
Jayesh Raichandbhai Thakkar Managing Director Dhruv Deepak Yardi Cfo Lalit Vitthal Waankhede Director

Contact details

Mercury Ev-Tech Limited's registered office is in Karjan, Gujarat. Its website is mercuryevtech.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mercuryevtech.com
  • Registered Address
    Block No. 28 Vill – Manglej, Ta – Karjan Di – Vadodara 391243, Gujarat, India – 391243
  • Industry
    Metals and Minerals, Metal Retail & Distribution

To see the full contact details of Mercury Ev-Tech Limited, buy the company report.

Comprehensive company report
Mercury Ev-Tech Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Mercury Ev-Tech operates two associated brands: Mercury Metals and Mercury EV. Each brand links to its own profile.

BrandDescriptionWebsite
Mercury Metals
Trading in ferrous and non-ferrous metals is conducted.mercurymetals.in
Mercury EV
Provider of electric vehicle solutionsmercuryevtech.com

Business activity

The main business activity of Mercury Ev-Tech is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles

To see the full business activity and turnover split of Mercury Ev-Tech Limited, buy the company report.

Financials of Mercury Ev-Tech Limited

FY 2025-26 filings available

Mercury Ev-Tech Limited reported revenue of ₹102.08 Cr (up 13.9% YoY) for FY 2025-26.

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 24 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

To see the full year-wise statements and ratios of Mercury Ev-Tech Limited, buy the company report.

Board of directors and KMP of Mercury Ev-Tech Limited

Mercury Ev-Tech Limited currently reports 8 directors and 1 key managerial person. 17 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Lalit Vitthal Waankhede
Also directs: SRBH Apc Techno Private Limited, SRBH Motors Private Limited
Director25 Jan 20242 Years 9 MonthsCurrent
Dinesh Kumar SinhaDirector26 Oct 20232 Years 11 MonthsCurrent
Jayesh Raichandbhai Thakkar
Also directs: Evexia Lifecare Limited, Kavit Edible Oil Limited, Dc2 Mercury Cars Private Limited and 5 more
Managing Director07 Nov 20241 Years 11 MonthsCurrent
Darshankumar Jitendra Shah
Also directs: Powermetz Energy Private Limited, Zatayu EV Infratech Private Limited, Sunbuy Renewables Limited
Director03 Oct 20224 Years 0 MonthsCurrent
Sachin Shivaji Wagh
Also directs: Yogi Limited
Director25 Jan 20242 Years 9 MonthsCurrent
Ajay Ramkrishna ShuklaDirector13 Aug 20242 Years 2 MonthsCurrent
Showing 6 of 9 current directors and KMP. View all directors and KMP

Peer comparison

Mercury Ev-Tech Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mercury Ev-Tech Limitedthis company₹102.08 Cr (FY 2026)₹4.18 Cr4.1%13.9%122Karjan, Gujarat, India
JS Mobileon Private Limited₹23.4 Cr (FY 2025)3.0%Delhi, India
Altigreen Propulsion Labs Private Limited₹23.19 Cr (FY 2025)-81.0%Malur, Karnataka, India
Dial E- Vahan Private Limited₹22.97 Cr (FY 2025)128.0%Hisar, Haryana, India
Ashma-Motors Private Limited₹21.95 Cr (FY 2024)517.0%Hooghly, West Bengal, India
Ecoedge Enterprises Private Limited₹21.91 Cr (FY 2025)78.0%Delhi, India

To see the full peer comparison of Mercury Ev-Tech Limited, buy the company report.

Auditor

Mercury Ev-Tech Limited is audited by M. SAHU & CO. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
M. SAHU & CO.FY 2024130001W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 59.20%, foreign institutional investors hold 1.70%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 39.10%.

Promoters: 59.20%FII (Foreign Institutional): 1.70%Retail & Others: 39.10%
Sep 2026
QUARTER
59.20% Promoters
1.70% FII (Foreign Institutional)
39.10% Retail & Others
Promoter holding - history
Now 59.20% · Sep 2026High 59.20% · Dec 2025Low 59.20% · Dec 2025
58%58.8%59.5%60.3%61%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 59.20%Mar 2026: 59.20%Jun 2026: 59.20%Sep 2026: 59.20%59.20%59.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters59.20%59.20%59.20%59.20%
Public40.80%40.80%40.80%40.80%

Charges & borrowings

Open charges
₹65.23 Cr
Satisfied charges
₹19.44 Cr
Breakdown by lending institutions
Bank of India₹49.00 Cr
Others₹16.23 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Jan 2026101234436Bank of India₹24.5 CrOpen
20 Jan 2026101234489Bank of India₹24.5 CrOpen
30 Jan 2025101061670Others₹78.16 LakhOpen
27 Mar 2023100729058Others₹15.44 CrOpen
23 Mar 2023100708177Others₹15.44 CrSatisfied

To see the full charge records of Mercury Ev-Tech Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Mercury Ev-Tech Limited has 4 deals on record (4 market trades); the latest was in March 2020.

Total deals
4
Market trades
4

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2020Market trade₹70,000Buyer: an individual
Seller: Maheshnaharmalshah (Huf)
Mar 2020Market trade₹60,000Buyer: an individual
Seller: Maheshnaharmalshah (Huf)
Dec 2019Market trade₹60,000Buyer: an individual
Seller: Maheshnaharmalshah (Huf)
Dec 2019Market trade₹60,000Buyer: an individual
Seller: Maheshnaharmalshah (Huf)

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mercury Ev-Tech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Mercury Ev-Tech has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Powermetz Energy Private LimitedU31900GJ2022PTC134613
EV Nest Private LimitedU45209GJ2015PTC083192

To see the full group structure of Mercury Ev-Tech Limited, buy the company report.

Employees & EPFO

Mercury Ev-Tech Limited has a workforce of 122 employees on its EPFO records as of Dec 04, 2025, across 1 active EPFO establishment.

Employee count
122
Active EPFO establishments
1
Employee growth
38.64%

GST

Mercury Ev-Tech has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AABCM2887P1ZXGujaratActive01 Jul 2017
07AABCM2887P1ZTDelhiActive22 Mar 2025

To see the full GST registrations and return filing status of Mercury Ev-Tech Limited, buy the company report.

Recent activity

Mercury Ev-Tech Limited has 23 board changes on record since 2012: 9 appointments and 14 cessations. The latest: Riya Vinodbhai Sharma was appointed as Director on 24 Jul 2025.

Filing
Mercury Ev-Tech Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Bank Of India amounted to Rs. 24.50 Cr with Charge ID 101234436 was registered on 21 Jan 2026.
Charges
A charge with Bank Of India amounted to Rs. 24.50 Cr with Charge ID 101234489 was registered on 20 Jan 2026.
AGM
Mercury Ev-Tech Limited last Annual general meeting of members was held on 15 Dec 2025 as per latest MCA records.
Appointed
Riya Vinodbhai Sharma was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.78 Cr with Charge ID 101061670 was registered on 30 Jan 2025.
Charges
A charge registered on 23 Mar 2023 via Charge ID 100708177 with Others was fully satisfied on 28 Jan 2025.
Appointed
Jayesh Raichandbhai Thakkar was appointed as Managing Director.
Ceased
Arif Rajjak Sayyad ceased to be Additional Director.
Appointed
Ajay Ramkrishna Shukla was appointed as Director.
Charges
A charge with Others of Rs. 15.44 Cr registered on 27 Mar 2023 with Charge ID 100729058 was modified on 01 Jul 2024.
Charges
A charge with Others of Rs. 15.44 Cr registered on 23 Mar 2023 with Charge ID 100708177 was modified on 01 Jul 2024.

26 earlier events are in the company report.

News

Frequently asked questions

Mercury Ev-Tech is an active public limited company based in Karjan, Gujarat, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 04 July 1986 (40+ years old) and is registered under CIN L27109GJ1986PLC008770. Listed on BSE: 531357 and NSE: MERCURYEV.

Mercury Ev-Tech reported revenue of ₹102.08 Cr for FY 2025-26 (up 13.9% YoY) based on consolidated financials.

Mercury Ev-Tech has 9 current directors and KMP:

The latest financial statements of Mercury Ev-Tech on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 December 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Mercury Ev-Tech is 24AABCM2887P1ZX, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AABCM2887P1ZT (Delhi).

The CIN (Corporate Identification Number) of Mercury Ev-Tech is L27109GJ1986PLC008770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Mercury Ev-Tech is a listed company as per MCA records. Its shares are listed on both BSE (code: 531357) and NSE (symbol: MERCURYEV).

Mercury Ev-Tech has 16 court cases on record: 6 filed by the company and 10 filed against it. 2 are pending. Most are in the high courts.

Mercury Ev-Tech was incorporated on 04 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Mercury Ev-Tech has 4 deals on record (4 market trades); the latest was in March 2020.

The peers of Mercury Ev-Tech by revenue are JS Mobileon Private Limited, Altigreen Propulsion Labs Private Limited, Dial E- Vahan Private Limited, Ashma-Motors Private Limited, Ecoedge Enterprises Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).