Multibagger EV Stock Under Rs 65 with 16,570 Per Cent Returns in Just 5 Years: Reports Revenue Surge of 451% and PAT Rockets 574%
The stock gave multibagger returns of 205 per cent in just 2 years, 6,350 per cent in 3 years and a whopping 16,570 per cent in 5 years.
Mercury EV Tech stands out as a comprehensive electric vehicle solutions provider, strategically positioned in Gujarat to leverage logistical advantages for its end-to-end manufacturing capabilities. Their core strength lies in the in-house production of vital EV components like batteries and chassis, complemented by a CED coating plant, which ensures stringent quality and cost management. Going beyond mere assembly, Mercury EV Tech designs and manufactures a diverse range of electric vehicles, including two and three-wheelers, loaders, and passenger vehicles, all while championing the "Atmanirbhar Bharat" initiative by offering complete EV solutions. This commitment to innovation and expansion is further solidified by their dedicated R&D centres in Vadodara and Hyderabad, focused on advancing EV technology and high-range vehicles.
With the commissioning of a substantial 3.2 GW lithium-ion battery manufacturing facility in Vadodara under its subsidiary PowerMetz Energy, Mercury EV-Tech Limited is poised to impact India's clean energy transition significantly. This ambitious undertaking positions the company as a key player in battery technology, going beyond conventional manufacturing to encompass a diverse range of next-generation cell chemistries, including LFP, NMC, Sodium-Ion, and Supercapacitor modules, catering to applications from electric mobility and charging infrastructure to grid-scale and residential energy storage solutions, all supported by a fully robotic production line expected to commence pilot production by mid-May 2025, marking a pivotal shift for Mercury EV-Tech towards deep-tech energy innovation and bolstering India's energy independence.
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The company has a market cap of over Rs 1,100 crore and reported stellar numbers in its Quarterly Results (Q4FY25) and annual results (FY25). According to quarterly results, the net sales increased by 451 per cent to Rs 30.68 crore and net profit increased by 574 per cent to Rs 1.55 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 307 per cent to Rs 89.64 crore and the net profit increased by 297 per cent to Rs 7.91 crore in FY25 compared to FY24.
The stock is up by 22 per cent from its 52-week low of Rs 51.24 per share. In FY25, FIIs took a fresh entry and bought 36,43,605 shares or 1.92 per cent compared to FY24. The stock gave multibagger returns of 205 per cent in just 2 years, 6,350 per cent in 3 years and a whopping 16,570 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.