Debt reduced by 89.3%: High PE multibagger EV-stock under Rs 60 with 8,500% returns in 5 years

DSIJ Intelligence-1 / 19 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

Debt reduced by 89.3%: High PE multibagger EV-stock under Rs 60 with 8,500% returns in 5 years

The stock gave multibagger returns of 450 per cent in 3 years and a whopping 8,500 per cent in 5 years.

Mercury EV Tech Ltd has opened a new EV showroom in Bhavnagar, near Jashonath Circle, to serve as a hub for "Make in India" electric vehicles. Chairman Shri Jayesh Thakkar highlighted the company's commitment to creating a self-reliant and pollution-free India by offering a variety of electric vehicles, from two-wheelers to tempos. In addition to their in-house manufacturing capabilities for batteries and other components, the company is also developing a large lithium-ion battery facility in Vadodara to capitalise on the growing EV and battery energy storage system (BESS) markets.

Mercury EV-Tech is strategically positioned to capitalise on India's rapidly growing electric vehicle (EV) and energy storage markets. With the EV sector projected to reach a massive USD 232.90 billion by 2030, and the battery market valued at USD 50 billion, the company's planned 3.2 GWh lithium-ion battery facility in Vadodara is a key asset. This new facility, supported by government incentives, will allow Mercury to meet the surging demand for batteries and capture significant market share as the nation transitions to electric mobility.

The company's business model is built on a vertically integrated and asset-heavy approach, providing it with a competitive edge. By controlling key aspects of its supply chain—from lithium-ion battery production to chassis assembly and other essential components—Mercury ensures quality, efficiency, and resilience. This integration not only creates multiple revenue streams but also aligns with the "Atmanirbhar Bharat" initiative, positioning the company as a full-fledged manufacturer rather than just an assembler, and enabling it to pursue broader market opportunities, including exports.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.

Financially, Mercury EV-Tech has shown robust growth. The company saw net sales surge by 307 per cent in FY2025 and continued this momentum with a 482 per cent increase in revenue in Q1FY26. This strong performance is complemented by the recent approval for its "MUSHAK EV" goods carrier, a 100 per cent "Make in India" vehicle. This regulatory milestone not only validates the company's product development but is also expected to unlock new growth avenues and drive further revenue expansion, strengthening its operational performance.

The company has a market cap of over Rs 960 crore. In June 2025, the President of India made a fresh entry and bought 21,000 shares or a 0.01 per cent stake. The stock gave multibagger returns of 450 per cent in 3 years and a whopping 8,500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.