Mercantile Ventures Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Security services: 52.2% • Manpower services: 36.5% • Rent and Maintenance of Immovable properties: 8.2%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company is almost debt free
- Latest quarter profit grew 271.2% YoY, showing strong momentum
- Company has delivered good sales growth of 20.1% CAGR over last 5 years
- Working capital cycle has improved - days down from 273 to 185
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (120.6% of PBT)
- Recent results are weak - TTM profit is down 43.7% versus prior year
- Company has a low return on capital employed of 1.1%
- Company has a low return on equity of 1.1% over last 3 years
- Contingent liabilities are large at 111.0% of net worth
- Company has delivered a poor profit growth of -20.4% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUS | 310.60 | 209.28 | 24188.72 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| SAGILITY | 45.15 | 21.28 | 21136.20 | 0.33 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| HORIZONIND | 55.65 | 244.03 | 16043.35 | 0.00 | -116.27 | — | 2005.46 | — | 3.32 | 80.26 |
| SYNGENE | 382.65 | 69.89 | 15446.40 | 0.33 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| INDGN | 578.05 | 34.74 | 13929.08 | 0.39 | 116.20 | -0.17 | 1063.10 | 39.73 | 18.92 | 16.39 |
| IGIL | 314.20 | 22.27 | 13578.46 | 1.59 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| NESCO | 1102.75 | 18.65 | 7769.97 | 0.63 | 99.96 | 3.97 | 211.80 | 9.55 | 19.23 | 48.33 |
| LEAPIND | 144.55 | 102.15 | 6367.95 | 0.00 | 247.33 | — | 2034.13 | — | 9.32 | 51.19 |
| SPARC | 196.10 | 4.02 | 6363.87 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| SMARTWORKS | 530.60 | 217.74 | 6069.06 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 61.12 | 63.33 |
| JUSTDIAL | 665.10 | 15.59 | 5656.61 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| MERCANTILE | 23.46 | 36.93 | 262.92 | 0.00 | 12.05 | 271.16 | 230.32 | 9.28 | 0.87 | -0.27 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 137 | 152 | 161 | 154 | 167 | 178 | 183 | 193 | 211 | 235 | 251 | 237 | 230 | |
| 133 | 147 | 160 | 186 | 173 | 177 | 176 | 195 | 216 | 232 | 249 | 242 | 233 | |
| Operating Profit | 4 | 5 | 2 | -32 | -5 | 2 | 8 | -2 | -6 | 3 | 2 | -5 | -3 |
| OPM % | 2.64% | 3.19% | 1.10% | -20.83% | -3.12% | 1.00% | 4.28% | -1.13% | -2.67% | 1.46% | 0.78% | -2.07% | -1.37% |
| 11 | 8 | 114 | 23 | 82 | 10 | 16 | 20 | 1 | 1 | 7 | 21 | 25 | |
| Interest | 3 | 3 | 6 | 2 | 3 | 3 | -3 | 0 | 1 | 0 | 0 | 0 | 1 |
| Depreciation | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Profit before Tax | -32 | 15 | -82 | -9 | 77 | 12 | 24 | 17 | -4 | 4 | 9 | 16 | 22 |
| Tax % | -131.79% | 16.67% | -3.53% | -58.33% | 12.37% | 26.22% | 33.87% | -304.40% | -58.20% | 113.54% | 5.97% | -22.66% | 43.91% |
| Net Profit | -73 | 13 | -84 | -13 | 68 | 9 | 16 | 70 | -7 | -1 | 8 | 19 | 12 |
| -0.09 | 0.11 | -0.40 | -0.12 | 0.50 | 0.07 | 0.17 | 0.81 | -0.08 | 0.13 | 0.25 | 0.31 | -0.06 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 30 | 34 | 38 | 37 | 37 | 47 | 60 | 72 | 93 | 953 | |
| 24 | 29 | 32 | 34 | 33 | 35 | 44 | 60 | 71 | 93 | 956 | |
| Operating Profit | 3 | 1 | 3 | 4 | 4 | 2 | 3 | 0 | 1 | 0 | -3 |
| OPM % | 9.77% | 2.50% | 7.45% | 10.19% | 11.84% | 5.96% | 7.16% | 0.24% | 1.88% | 0.53% | -0.28% |
| -26 | 7 | 4 | 6 | 7 | 16 | 8 | -4 | 13 | 3 | 54 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| Profit before Tax | -26 | 6 | 5 | 8 | 9 | 16 | 9 | -6 | 13 | 2 | 50 |
| Tax % | -5.44% | 81.67% | 29.13% | -35.37% | 31.76% | 30.19% | 23.62% | -22.51% | -24.24% | 18.21% | 22.60% |
| Net Profit | -28 | 1 | 4 | 11 | 6 | 11 | 7 | -8 | 16 | 2 | 39 |
| EPS | -2.01 | 0.10 | 0.33 | 1.44 | 0.74 | 0.59 | 1.42 | -1.84 | 1.36 | 0.62 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 18%
- 5 Years:
- 20%
- 3 Years:
- 26%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 0%
- 5 Years:
- -25%
- 3 Years:
- -24%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 2%
- 3 Years:
- 1%
- Last Year:
- 1%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 |
| Minority Interest | 0 | 0 | 0 | -7 | -9 | -4 | -4 | 15 | 13 | 8 |
| 137 | 142 | 160 | 159 | 191 | 226 | 199 | 221 | 219 | 161 | |
| 6 | 6 | 3 | 3 | 2 | 3 | 7 | 3 | 3 | 3 | |
| Trade Payables | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 1 | -0 | 2 | 4 | 9 | 22 | 46 | 43 | 22 | |
| Total Liabilities | 258 | 261 | 274 | 270 | 301 | 347 | 337 | 397 | 391 | 306 |
| 86 | 85 | 84 | 76 | 77 | 77 | 77 | 90 | 94 | 94 | |
| Capital Work in Progress | 0 | 44 | 44 | 44 | 44 | 0 | 0 | 0 | 0 | 0 |
| 64 | 66 | 81 | 70 | 90 | 148 | 177 | 175 | 223 | 150 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 10 | 13 | 16 | 17 | |
| Cash & Bank | 3 | 3 | 5 | 13 | 23 | 7 | 6 | 58 | 7 | 7 |
| 106 | 64 | 59 | 66 | 67 | 115 | 67 | 60 | 50 | 38 | |
| Total Assets | 258 | 261 | 274 | 270 | 301 | 347 | 337 | 397 | 391 | 306 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -26 | 5 | 12 | -7 | 26 | -3 | -11 | 39 | -33 | 1 | |
| Cash from Investing | 34 | -4 | -4 | 17 | -13 | -10 | 9 | 17 | -18 | -0 |
| Cash from Financing | -5 | -0 | -4 | 0 | 0 | 0 | 4 | -5 | 0 | -0 |
| 2 | -0 | 2 | 8 | 10 | -16 | -1 | 52 | -51 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for MERCANTILE
Loading news…
AI Stock Analyst
Mercantile Ventures Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account