Share the post "MERCURY EV-TECH LIMITED Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
MERCURY EV-TECH LIMITED has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 10.44 | 10.90 | 62.56 | 62.1 | -0.46 % |
| Public | 6.25 | 6.65 | 37.44 | 37.9 | +0.46 % |
| DII | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0.00 | 0 | 0 | 0 |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 62.56% in December 2023 to 62.1% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 37.44% in December 2023 to 37.9% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.FIIs (Foreign Institutional Investors) shareholding remained at 0% from to March 2024. , indicating no change in the investment levels by foreign institutions in the company. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| KAVIT JAYESHBHAI THAKKAR | 2.703 | 0.000 | 16.2 | 0 | -16.2 % |
| ARTIBEN JAYESHBHAI THAKKAR | 0.069 | 2.772 | 0.42 | 15.79 | + 15.37 % |
| SHREE SAIBABA EXIM PRIVATE LIMITED | 3.827 | 4.107 | 22.93 | 23.39 | + 0.46 % |
| RAGHUVIR INTERNATIONAL PRIVATE LIMITED | 3.840 | 4.023 | 23.01 | 22.92 | -0.09 % |
KAVIT JAYESHBHAI THAKKAR faced a downturn in profitability this quarter, witnessing a decline of -16.2 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.ARTIBEN JAYESHBHAI THAKKAR has showcased a remarkable improvement in profitability for this quarter, registering a significant increase of 15.37 % in net profit. This signifies adept cost management strategies, amplified revenue streams, or a harmonious blend of both, underscoring the shareholder’s positive impact on the company’s financial health.SHREE SAIBABA EXIM PRIVATE LIMITED has showcased a remarkable improvement in profitability for this quarter, registering a significant increase of 0.46 % in net profit. This signifies adept cost management strategies, amplified revenue streams, or a harmonious blend of both, underscoring the shareholder’s positive impact on the company’s financial health.RAGHUVIR INTERNATIONAL PRIVATE LIMITED faced a downturn in profitability this quarter, witnessing a decline of -0.09 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 2.504 | 2.613 | 15.01 | 14.88 | -0.13 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 1.313 | 1.170 | 7.87 | 6.66 | -1.21 % |
| Non Resident Indians (NRIs) | 0.092 | 0.055 | 0.55 | 0.31 | -0.24 % |
| Bodies Corporate | 0.831 | 1.449 | 4.98 | 8.25 | + 3.27 % |
| SUNRISE GILTS & SECURITIES PRIVATE LIMITED | 0.276 | 0.288 | 1.65 | 1.64 | -0.01 % |
| WEALTH 4 U HOSPITALITY CONSULTANCY PRIVATE LIMITED | 0.456 | 0.456 | 2.73 | 2.59 | -0.14 % |
| Any Other (specify) | 1.497 | 1.355 | 8.97 | 7.72 | -1.25 % |
| SHRENI SHARES LIMITED . | 0 | 0.182 | 0 | 1.04 | +1.04% |
| LLP | 0.020 | 0.038 | 0.12 | 0.22 | + 0.1 % |
| SUMIT P DESAI | 0.882 | 1.101 | 5.29 | 6.27 | + 0.98 % |
| SHRENI SHARES LIMITED | 0.236 | 0 | 1.41 | 0 | -1.41% |
| Clearing Members | 0.325 | 0 | 1.95 | 0 | -1.95% |
| HUF | 1.152 | 0 | 6.9 | 0 | -6.9% |
Observations indicate a sizeable -0.13 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -1.21 % variance in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.24 % variance in Non Resident Indians (NRIs)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Bodies Corporate lifts the bar with a remarkable 3.27 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.01 % variance in SUNRISE GILTS & SECURITIES PRIVATE LIMITED’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.14 % variance in WEALTH 4 U HOSPITALITY CONSULTANCY PRIVATE LIMITED’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -1.25 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, LLP lifts the bar with a remarkable 0.1 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, SUMIT P DESAI lifts the bar with a remarkable 0.98 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.SHRENI SHARES LIMITED . had no shares in the previous quarter but now holds 1.04% of shares in the current quarter.SHRENI SHARES LIMITED had 1.41% of shares in the previous quarter but exited in the current quarter.Clearing Members had 1.95% of shares in the previous quarter but exited in the current quarter.HUF had 6.9% of shares in the previous quarter but exited in the current quarter.
198
3-Year Profit
83
5-Year Profit
44
10-Year Profit
124
Current Price
2,172
Market Cap
In analyzing the financial results for the company marked by BSE code 531357, a clear trend emerges. Over a five-year span, the company reported a profit of 83 percents, which increased to 198 percents in the most recent three-year period, suggesting a strong performance in the early stages of this timeframe. However, this success has been overshadowed by a trailing twelve-month (TTM) loss of 124 percents, signaling significant recent challenges. Compounding this issue is the fact that the company has not reported any sales during any of the timeframes analyzed, raising important questions about its operational model and the sustainability of its current strategies. Investors have been equally wary, as reflected in the stock price performance. The company’s stock traded at 225 percents over the past five years but has recently decreased to 156 percents, indicating a loss of market confidence. Over the last decade, the stock price was at 58 percents, pointing to longer-term concerns that could affect the company's future prospects.
With a market capitalization of ₹2,172 crore, the company’s stock is currently trading at ₹124, having fluctuated within a range of ₹144 / 44.0 over the years. The stock's P/E ratio of 1,180 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹4.60, representing the total value of its assets on a per-share basis, while the dividend yield of 0.00% offers a modest return to shareholders. ROCE, at 2.96%, highlights the company's efficient use of capital in generating profits, while ROE at 3.05% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.69 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹8.33 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 3.00 suggests moderate financial strength, while the Graham Number, pegged at ₹3.32, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 26.9 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
