Indian Stocks

Mercury EV-Tech Share Price Target 2025, 2030, 2040, 2050: A Detailed Analysis

byAman

December 10, 2024

3 minute read

mercury ev tech share price target

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Step into the future with our blog post on Mercury EV-Tech share price targets for 2025, 2030, 2040, and 2050. Join us as we analyze the factors influencing their growth trajectory. Whether you’re an investor or simply curious about electric vehicle trends, this analysis will provide valuable insights into the company’s potential.

About Mercury EV-Tech Ltd.

Mercury Ev-Tech is an Indian company that makes electric vehicles like scooters, cars, buses, vintage cars, and golf carts. They also create customized electric vehicles for different uses like in hotels, industries, golf courses, and clubs.

They have their own manufacturing facility for making important parts like batteries and chassis, and they also have assembly lines for putting everything together. You might know their electric scooters by the name Thunderbolt, and their three-wheeled vehicles are branded as Thunderbolt DODO and Thunderbolt LIMOSA.

The company was founded back in 1986 and is led by Mr. Kavit Thakkar. They also have some subsidiary companies called EV Nest Private Limited and Powermets Energy Private Limited.

Forecasting share price targets for Mercury EV-Tech over the coming decades involves a variety of technical analysis, fundamental evaluation, and consideration of broader industry trends. Here’s an overview of projected share price targets for the years 2025, 2030, 2040, and 2050:

Mercury EV-Tech Ltd. Fundamental Analysis

Market Cap	₹ 1,589.23 Cr.
Enterprise Value	₹ 1,602.55 Cr.
No. of Shares	17.55 Cr.
P/E	697.46
P/B	19.88
Face Value	₹ 1
Div. Yield	0%
Book Value (TTM)	₹ 4.55
Cash	₹ 8.98 Cr.
Debt	₹ 22.29 Cr.
Promoter Holding	62.56%
EPS (TTM)	₹ 0.13
Sales Growth	1,035.35%
ROE	3.45%
ROCE	3.03%
Profit Growth	281.12%

Month	Minimum Stock Price	Maximum Stock Price
January	90	140
February	112	142
March	115	145
April	118	148
May	120	150
June	122	152
July	125	155
August	128	158
September	130	160
October	132	162
November	135	165
December	138	168

Also Read: Tata Motors Share Price Target 2025, 2030, 2040 & 2050

Month	Minimum Stock Price	Maximum Stock Price
January	120	160
February	122	162
March	125	165
April	128	168
May	130	170
June	132	172
July	135	175
August	138	178
September	140	180
October	142	182
November	145	185
December	148	188

Also Read: Tech Mahindra Share Price Target 2025 and 2030

Month	Minimum Stock Price	Maximum Stock Price
January	350	400
February	352	402
March	355	405
April	358	408
May	360	410
June	362	412
July	365	415
August	368	418
September	370	420
October	372	422
November	375	425
December	478	528

Also Read: TATA Tech Share Price Target 2025 to 2030

Month	Minimum Stock Price	Maximum Stock Price
January	800	950
February	802	952
March	850	970
April	859	980
May	880	1010
June	910	1025
July	924	1035
August	930	1040
September	950	1060
October	960	1072
November	975	1085
December	985	1088

Also Read: [JIOFIN] Jio Finance Share Price Target 2025, 2030, 2040 & 2050

Month	Minimum Stock Price	Maximum Stock Price
January	2000	2250
February	2202	2252
March	2205	2255
April	2208	2258
May	2210	2260
June	2212	2262
July	2215	2265
August	2218	2268
September	2220	2270
October	2222	2272
November	2225	2275
December	2228	2278

Also Read: HDFC AMC Share Price Target 2025 to 2030

Month	Minimum Stock Price	Maximum Stock Price
January	4250	4300
February	4252	4302
March	4255	4305
April	4258	4308
May	4260	4310
June	4262	4312
July	4265	4315
August	4268	4318
September	4270	4320
October	4272	4322
November	4275	4325
December	4278	4328

Also Read: HDFC Bank Share Price Target 2025, 2030, 2040, 2050

Mercury EV-Tech Ltd. Analysis Report: Should You Buy or Not?

The Indian auto industry ranks among the world’s top 5, with strong export growth projected. Government support fuels sector development, but sustainability remains a question.

Company Performance:

Sales: Impressive 1,035.35% growth, reaching Rs 4.09 Cr in the latest quarter.
Inventory Turnover: Low 2.23 times, indicating potential inventory management issues.
Profit: Grew by 281.12% to Rs 0.88 Cr, fueled by government permits and rising demand.
Operating Profit: Rs 0.79 Cr in the latest quarter, reflecting operational efficiency.
Returns:
- ROE: Low 3.45%, worrisome for an auto company with high equity investments.
- Debt-to-Equity: Favorable 0.45 ratio, indicating low debt reliance.
- Dividend Yield: 0%, suggesting limited profit sharing with shareholders.
Ownership: High promoter holding of 62.56% with no pledging.
Valuation:
- P/E Ratio: Extremely high 697.46 compared to historical average of 52.77, suggesting potential overvaluation.

Mercury EV-Tech Ltd. Strengths and Weakness

Strengths

The company maintains a healthy interest coverage ratio of 54.23, indicating its ability to meet interest obligations comfortably.
With a current ratio of 16.35, the company boasts a strong liquidity position.
A high promoter holding of 62.56% signifies confidence in the company’s prospects.
The company demonstrates robust operating leverage, with an average operating leverage of 52.52.

Weakness

Over the past 3 years, the company has recorded a poor ROE of 4.85%.
Negative cash flow from operations of -14.81 raises concerns about the company’s cash management.
The company’s EBITDA margin has been low at 1.32% over the past 5 years, indicating challenges in generating operating profits.
Trading at a high P/E ratio of 697.46 and EV/EBITDA of 466.94, the company’s stock appears to be overvalued.

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Author

Aman

Hi! I'm Aman, a finance analyst and the founder of MoneyLaid.com, with a strong passion for finance. I have over 5 years of experience in the finance industry and currently work from home, collaborating with various businesses as an analyst.

Mercury EV-Tech Share Price Target 2025, 2030, 2040, 2050: A Detailed Analysis

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About Mercury EV-Tech Ltd.