Mercantile Ventures Ltd.
NSE: MERCANTILE · Diversified Commercial Services · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹15 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 45.5x in the last 12 months.
- Net loss in 1 of the last 6 quarters.
- Other income was 72% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹21.21 on 2026-10-26: -33.5% from the 52-week high, +11.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 19 | 21 | 24 | 25 | 24 | 23 |
| EBITDA | 0 | -0 | 1 | 0 | -0 | -0 |
| OPM % | 0.3% | -1.4% | 2.4% | 1.8% | -0.9% | -0.2% |
| Other income | 2 | 0 | 0 | 1 | 2 | 2 |
| Net profit | 9 | -1 | 1 | 3 | 2 | 1 |
| EPS (₹) | 0.81 | 0.08 | 0.13 | 0.25 | 0.31 | 0.06 |
| Revenue YoY | +22.9% | +9.3% | ||||
| Profit YoY | -78.5% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 15 | 21 | 30 | 72 | 93 | 95 |
| EBITDA | 2 | 2 | 0 | 1 | 0 | 1 |
| Net profit | 9 | 7 | 1 | 17 | 2 | 7 |
| EPS (₹) | 0.58 | 0.46 | 0.09 | 1.55 | 0.62 | 0.75 |
| Revenue growth | +42.2% | +43.6% | +142.0% | +29.3% | – | |
| Profit growth | -26.1% | -86.7% | +1,803.3% | -88.5% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +65.0% | – | – |
| Net profit | -33.8% | – | – |
| EPS | +10.5% | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 331 | 273 |
| Borrowings | 0 | 0 |
| Cash & equivalents | 7 | 15 |
| Total assets | 391 | 306 |
| Fixed assets | 91 | 91 |
| Capital work in progress | – | 0 |
| Investments | 223 | 142 |
| Receivables | 16 | 17 |
| Inventory | 0 | 0 |
| Payables | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -33 | 1 |
| Cash from investing | -18 | -0 |
| Cash from financing | 0 | -0 |
| Capex | 5 | 0 |
| Free cash flow | -38 | 1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 5.2% | 0.7% |
| ROCE % | 4.0% | 1.0% |
| Debtor days | 83 | 68 |
| Inventory days | 0 | 1 |
| Payable days | 4 | 0 |
| Cash conversion cycle (days) | 79 | 69 |
| Working capital days | 273 | 185 |
Peers in Diversified Commercial Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IGIL | ₹16,651 cr | 25.0x | 9.5x | 44.5% | 51.7% | 61.5% | – | 1.93% |
| WEWORK | ₹8,640 cr | 99.1x | 29.0x | 28.3% | 111.2% | 64.6% | – | – |
| IBULLSLTD | ₹6,919 cr | – | 1.1x | -0.4% | – | – | +918.1% | – |
| NESCO | ₹6,699 cr | 16.1x | 2.2x | 14.8% | 18.3% | 50.8% | +19.5% | 0.69% |
| NIRLON | ₹5,679 cr | 15.9x | 12.1x | 86.5% | 29.8% | 77.5% | +5.3% | 4.12% |
| RENTOMOJO | ₹5,292 cr | – | – | – | – | – | – | – |
| LEAPIND | ₹5,209 cr | – | – | – | – | – | – | – |
| SMARTWORKS | ₹5,085 cr | 182.4x | 9.6x | 5.2% | 56.6% | 64.2% | – | – |
| QUESS | ₹4,827 cr | 19.1x | 4.1x | 22.4% | 27.2% | 2.0% | -3.7% | – |
| MERCANTILE | ₹238 cr | 28.3x | 0.9x | 2.5% | 1.9% | 0.8% | +65.0% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Security Services | ₹13 cr | 50.3% | ₹-0 cr | -1.0% |
| Manpower Services | ₹8 cr | 32.2% | ₹1 cr | 7.8% |
| Investment Activities | ₹2 cr | 9.7% | ₹2 cr | 100.0% |
| Rent and Maintenance of immovable properties | ₹2 cr | 7.8% | ₹1 cr | 38.8% |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Diversified Commercial Services |
| Sub-industry | Diversified Commercial Services |
| Symbol | MERCANTILE |
| BSE code | 538942 |
| ISIN | INE689O01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.