Mercury Ev-Tech (BOM:531357) Construction In Progress: ₹726 Mil (As of Mar. 2026)


BOM:531357 Mercury Ev-Tech Ltd BOM:531357
62 GF Score
Price ₹35.87
GF Value ₹159.26
Valuation Possible Value Trap
! 5 Warning Signs
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What is Mercury Ev-Tech Construction In Progress?

Mercury Ev-Tech BOM:531357 +3.16% 62 Construction In Progress is ₹726 Mil as of Mar. 2026. GuruFocus rates BOM:531357 with a GF Score™ of 62/100 and a GF Value™ of ₹159.26 (Possible Value Trap). The stock has 5 warning signs investors should review.

Mercury Ev-Tech's quarterly construction in progress declined from Sep. 2025 (₹284 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹726 Mil).

Mercury Ev-Tech's annual construction in progress increased from Mar. 2024 (₹427 Mil) to Mar. 2025 (₹586 Mil) and increased from Mar. 2025 (₹586 Mil) to Mar. 2026 (₹726 Mil).

Mercury Ev-Tech Construction In Progress Historical Data

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The historical data trend for Mercury Ev-Tech's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercury Ev-Tech Construction In Progress Chart

Mercury Ev-Tech Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 87.19 427.08 586.25 726.49

Mercury Ev-Tech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 586.25 0.00 283.81 0.00 726.49
BOM:531357
62GF Score
Mercury Ev-Tech Ltd BOM:531357
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercury Ev-Tech Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹726 Mil mean?
Mercury Ev-Tech (BOM:531357) has a Construction In Progress of ₹726 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mercury Ev-Tech and its competitors.
Is Mercury Ev-Tech's Construction In Progress too high?
Mercury Ev-Tech's current Construction In Progress is ₹726 Mil. Overall, Mercury Ev-Tech has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercury Ev-Tech's Construction In Progress compare to TSLA and GM?
Mercury Ev-Tech's Construction In Progress of ₹726 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Vehicles & Parts company?
A good Construction In Progress depends on the Vehicles & Parts industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Mercury Ev-Tech and its competitors. Mercury Ev-Tech's current Construction In Progress is ₹726 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Ev-Tech stock overvalued right now?
Based on GuruFocus' analysis, Mercury Ev-Tech (BOM:531357) is currently considered Possible Value Trap. The stock's GF Value™ is ₹159.26, compared to a current price of ₹35.87 — trading 77.5% below its estimated fair value. The current Construction In Progress is ₹726 Mil. Mercury Ev-Tech's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Mercury Ev-Tech (BOM:531357), the current Construction In Progress is ₹726 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercury Ev-Tech (BOM:531357) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury Ev-Tech stock appears to be undervalued. The current stock price of ₹35.87 is trading 77.5% below its estimated GF Value™ of ₹159.26. GuruFocus considers Mercury Ev-Tech to be Possible Value Trap.

Key valuation signals for BOM:531357:

  • Construction In Progress: ₹726 Mil
  • GF Value™: ₹159.26 vs. price of ₹35.87 (77.5% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the BOM:531357 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mercury Ev-Tech Business Description

Other Exchanges MERCURYEV:India
Address 367-368, GIDC, Por, Village – Por, District Vadodara, Vadodara, GJ, IND, 391243
Mercury Ev-Tech Ltd is engaged in the manufacturing of Electric scooters, Electric cars, Electric buses, Electric Vintage cars, Electric Golf cars, and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, clubs and resorts, etc.
62GF Score

Get the complete analysis for BOM:531357

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹35.87
Price
₹159.26
GF Value