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Swing Capital

Mercantile Ventures Ltd

NSE: MERCANTILE BSE: 538942

Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services[1]

₹24.8
52W: ₹17.5 — ₹36.8
PE 44.7 · Book ₹28.9 · -14% vs book
Market Cap₹278 Cr
Stock P/E44.7Price to Earnings
ROCE0.72%Return on Capital
ROE2.08%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 0.84 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 1.33% over last 3 years.
  • −Contingent liabilities of Rs.301 Cr.
  • −Earnings include an other income of Rs.2.21 Cr.

Shareholding Pattern

Promoters72.76%
FIIs0%
DIIs0%
Public27.26%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.76%72.76%72.76%72.76%72.76%72.76%72.76%72.76%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public27.25%27.24%▼0.027.24%27.24%27.25%▲0.027.25%27.24%▼0.027.26%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales7.497.937.98.469.049.299.7710.211.2310.78
Expenses6.487.1410.388.418.638.869.4510.1210.810.57
Operating Profit1.010.79-2.480.050.410.430.320.080.430.21
OPM %13.48%9.96%-31.39%0.59%4.54%4.63%3.28%0.78%3.83%1.95%
Net Profit1.121.48-2.780.28-0.090.346.36-0.43-0.190.48
EPS ₹0.10.13-0.250.03-0.010.030.57-0.04-0.020.04

AI Insights

Revenue Trend

TTM revenue at ₹41.98Cr, up 14.8% YoY. OPM at 2.48%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 72.76%.

Margin & Efficiency

ROCE declining from 3.62% (Mar 2014) to 0.72% (Mar 2025). Working capital days: 341.54.

Valuation

PE 44.7x with 0.72% ROCE. Price is -14% above book value of ₹28.9. Dividend yield: 0%.

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