Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · MERCURY TRADE LINKS LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MERCURY TRADE LINKS LTD.
BSE: 512415
BSE: 512415
Services › Services › Commercial Services & Supplies › Diversified Commercial Services
MERCURY TRADE LINKS LTD.
StateQ4 FY26 filed
Last close · 28 Oct 2026₹3.23
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA32.3 · 0.07 · 30.1
MERCURY TRADE LINKS LTD. is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 14 | 113 | 130 |
| EBITDA (ex other income) | (0) | 0 | 1 | 2 | 0 |
| margin % | — | 2.7 | 10.3 | 1.7 | 0.3 |
| Owners' profit | (0) | 0 | 1 | 2 | 0 |
| EPS, as reported (₹) | (3.96) | 0.26 | 43.57 | 0.12 | 0.01 |
| ROE % · ROCE % | (24.2) · (21.8) | 1.5 · 1.7 | 9.9 · 12.3 | 2.7 · 3.5 | 0.0 · 0.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.49 | 0.12 |
| Cash from operations | (0) | 0 | 0 | (59) | (7) |
| Capex | 0 | (0) | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MERCURY TRADE LINKS LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 9 | 10 | 86 | 0 | 7 | 26 | 97 |
| Profit before tax | 1 | 1 | 1 | (1) | (0) | (0) | (5) | 5 |
| Net profit | 1 | 1 | 1 | (0) | (0) | (0) | (5) | 5 |
| EPS (₹) | 2.60 | 2.78 | 2.14 | (0.03) | (0.10) | 0.00 | (3.71) | 3.91 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.3 | 13.0 | 58 of 79 | 27% |
| P/B | 0.1 | 1.3 | 6 of 95 | 95% |
| ROCE | 0.0 | 3.4 | 76 of 103 | 27% |
| ROE | 0.0 | 2.9 | 81 of 113 | 29% |
| Debt / Equity | 0.1 | 0.1 | 53 of 91 | 42% |
| EBITDA margin | 5.9 | 25.4 | 63 of 92 | 32% |
| Revenue growth | 12.6 | 16.2 | 50 of 91 | 46% |
| Profit growth | 1458.9 | 5.2 | 6 of 110 | 95% |
| Market cap | 4 | 47 | 96 of 108 | 11% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MERCURY TRADE LINKS LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 29 Sept 2026 · Two Independent Directors resign from Mercury Trade Links (under CIRP) | management changes | medium | — | — |
| 9 Sept 2026 · NCLT admits Mercury Trade Links into corporate insolvency process | regulatory legal | high | — | — |
| 4 Aug 2026 · Newspaper publication of Q1 FY27 financial results submitted to BSE | compliance | minimal | — | — |
| 3 Aug 2026 · NCLT insolvency notice received from operational creditor | regulatory legal | critical | — | — |
| 1 Aug 2026 · Q1 FY26-27: big loss, revenue fall, auditor flags loan default | results | high | — | — |
| 1 Aug 2026 · Q1 FY27 Loss of Rs 63.64 Cr; Auditor Flags Loan Default | results | high | — | — |
| 28 Jul 2026 · Board meeting on Aug 1, 2026 to consider Q1 FY27 results | results | low | — | — |
| 14 Jul 2026 · Filing of dematerialisation compliance certificate for April-June 2026 quarter | compliance | minimal | — | — |
| 7 Jul 2026 · Auditor Change at Mercury Trade Links: Old Firm Resigns, New Auditor Appointed | management changes | high | — | — |
| 7 Jul 2026 · Mercury Trade Links: New Statutory Auditor Appointed, Old One Resigns | management changes | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in