EV-stock under Rs 50: Mercury EV-Tech Reports Revenue of Rs 81.86 Crore & PAT of Rs 4.22 Crore

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EV-stock under Rs 50: Mercury EV-Tech Reports Revenue of Rs 81.86 Crore & PAT of Rs 4.22 Crore

The stock is up by 95 per cent in 3 years and has given multibagger returns of 5,300 per cent in 5 years.

Founded in 1986, Mercury EV-Tech Ltd. has emerged as a significant force in India's electric vehicle and renewable energy landscape, focusing on the "Aatma Nirbhar Bharat" mission through localised manufacturing. The company maintains a diverse portfolio that ranges from electric scooters and buses to specialized industrial and hospitality vehicles. Growth is being propelled by strategic moves such as the NCLT-approved merger with EV Nest and obtaining ICAT clearance for the "MUSHAK EV" goods carrier. To ensure long-term sustainability and technical independence, the firm is pursuing vertical integration by establishing a large-scale lithium-ion battery facility in Vadodara and expanding its retail presence throughout Gujarat.

Expansion efforts are further bolstered by targeted acquisitions and a growing regional footprint. By securing stakes in Traclaxx Tractors, Powermetz Energy and DC2 Mercury Cars, the company has integrated advanced battery technology and premium design into its operations, supporting popular models like the DLX and VOLTUS. Most recently, Mercury EV-Tech has signalled a major push into South India by opening three new showrooms in Tamil Nadu, located in Tiruvannamalai, Cuddalore and Chengalpattu. This expansion into the southern market is a key component of the company’s broader strategy to increase consumer accessibility and solidify its position as a leader in India’s transition to clean energy.

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According to the Quarterly Results, the company reported net sales of Rs 25.29 crore and net profit of Rs 0.89 crore in Q3FY26. In nine-month results (9MFY26), the company reported net sales of Rs 81.86 crore and net profit of Rs 4.22 crore.

In December 2025, FIIs bought 14,71,638 shares and increased their stake to 2.68 per cent compared to September 2025. The stock’s 52-week high is Rs 76.93 per share and its 52-week low is Rs 29.95 per share. The stock is up by 27.2 per cent from its 52-week low of Rs 29.95 per share. The company has a market cap of over Rs 700 crore. The stock is up by 95 per cent in 3 years and has given multibagger returns of 5,300 per cent in 5 years.

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