Revenue Jumps 307 Per Cent and PAT Rockets 286 Per Cent: Multibagger EV-Stock Under Rs 70 with 17,640 Per Cent in 5 Years

The stock gave multibagger returns of 225 per cent in just 2 years, 6,765 per cent in 3 years and a whopping 17,640 per cent in 5 years.

Mercury EV Tech is a leading electric vehicle solutions provider based in Gujarat, strategically leveraging its location for efficient logistics and distribution. They offer end-to-end solutions, including in-house manufacturing of crucial components like batteries and chassis, supported by a CED coating plant to ensure quality and cost control. Committed to "Atmanirbhar Bharat," Mercury EV Tech designs and produces a diverse range of EVs, from two-wheelers to passenger vehicles, with dedicated R&D centres in Vadodara and Hyderabad driving continuous innovation in EV technology and high-range vehicles.

Mercury EV Tech is establishing one of India's largest Lithium-Ion battery manufacturing facilities in Vadodara, with a 3.2 GW capacity, expecting pilot production by mid-June 2025. This state-of-the-art facility will feature a fully robotic, high-throughput production line that boasts multi-chemistry flexibility and is capable of producing LFP, NMC, sodium-ion cells, and supercapacitor modules. These batteries are designed for diverse applications, including EV charging infrastructure, on-board power units, home and residential backup solutions, grid-scale storage for renewable energy and load balancing, and industrial and critical infrastructure backup, directly addressing the growing demand for Battery Energy Storage System (BESS) applications. Complementing this, their chassis manufacturing facilities feature advanced machinery for various chassis types.

The company's competitive strength lies in its comprehensive in-house manufacturing of core EV components—batteries, chassis, and motor controllers—along with a CED coating plant, ensuring stringent quality and cost control. Bolstered by dedicated R&D centres in Vadodara and Hyderabad, focusing on advanced EV technology and high-range vehicles, Mercury EV Tech is strategically positioned to capitalise on India's burgeoning EV and BESS markets. The Indian EV market is on a rapid growth trajectory, driven by supportive government policies like FAME and PLI, increased investments, and expanding charging infrastructure. Similarly, the BESS sector is experiencing significant momentum, supported by PLI schemes, customs duty waivers, and transmission charge exemptions, with an estimated investment of Rs 5 lakh crore by 2032. Mercury EV Tech's commitment to innovation, localisation, and sustainability positions them at the forefront of India's transition to clean and sustainable energy solutions.

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 470 per cent to Rs 1.34 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 286 per cent to Rs 7.70 crore in FY25 compared to FY24.

The stock is up by 27 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 225 per cent in just 2 years, 6,765 per cent in 3 years and a whopping 17,640 per cent in 5 years.

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