Mercury EV-Tech vs Pavna Industries vs Tolins Tyres: Which Stock Should You Track

Mercury EV-Tech vs Pavna Industries vs Tolins Tyres starts with the core numbers most investors compare within the auto components segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the auto components bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Mercury EV-Tech, Pavna Industries and Tolins Tyres: Company Overview

Mercury EV-Tech is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 693 crore, a return on equity of 3.15% and a book value of Rs 14.76 per share. Its quarterly revenue moved from Rs 23.07 crore in June 2025 to Rs 33.74 crore in June 2026, a change of +46.3%.

Pavna Industries is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 210 crore, a return on equity of 3.09% and a book value of Rs 14.64 per share. Its quarterly revenue moved from Rs 60.57 crore in June 2025 to Rs 92.15 crore in June 2026, a change of +52.1%.

Tolins Tyres is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 340 crore, a return on equity of 4.87% and a book value of Rs 78.20 per share. Its quarterly revenue moved from Rs 90.48 crore in June 2025 to Rs 79.51 crore in June 2026, a change of -12.1%.

Mercury EV-Tech vs Pavna Industries vs Tolins Tyres: Valuation and Profitability Snapshot

Metric	Mercury EV-Tech	Pavna Industries	Tolins Tyres
Market Cap (approx.)	Rs 693 crore	Rs 210 crore	Rs 340 crore
PE Ratio (TTM)	151.96	26.46	25.46
PB Ratio	2.47	1.03	1.10
Return on Equity (ROE)	3.15%	3.09%	4.87%
EPS (TTM, Rs)	0.24	0.57	3.38
Dividend Yield	0.00%	0.00%	0.00%
Debt to Equity	0.03	0.51	0.01
Book Value per Share (Rs)	14.76	14.64	78.20

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On valuation, Mercury EV-Tech trades at a PE of 151.96 and a PB of 2.47, Pavna Industries at a PE of 26.46 and a PB of 1.03, while Tolins Tyres trades at a PE of 25.46 and a PB of 1.10. On return on equity, the three post 3.15%, 3.09% and 4.87% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%. Mercury EV-Tech has the highest market capitalisation of the three at Rs 693 crore, while Pavna Industries has the lowest at Rs 210 crore. Mercury EV-Tech has the highest PE ratio of the three at 151.96, while Tolins Tyres has the lowest at 25.46. Tolins Tyres has the highest return on equity of the three at 4.87%, while Pavna Industries has the lowest at 3.09%. Pavna Industries has the highest debt to equity ratio of the three at 0.51, while Tolins Tyres has the lowest at 0.01. Debt to equity is 0.03, 0.51 and 0.01 for the three respectively.

Mercury EV-Tech vs Pavna Industries vs Tolins Tyres: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Mercury EV-Tech	Rs 33.74 crore	Rs 1.56 crore	+46.3%	+35.4%	-4.3%
Pavna Industries	Rs 92.15 crore	Rs 0.91 crore	+52.1%	+67.4%	NA
Tolins Tyres	Rs 79.51 crore	Rs 6.19 crore	-12.1%	+0.7%	-33.4%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Mercury EV-Tech vs Pavna Industries vs Tolins Tyres: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Mercury EV-Tech vs Pavna Industries vs Tolins Tyres, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Mercury EV-Tech	Pavna Industries	Tolins Tyres
June 2025	Rs 23.07 crore	Rs 60.57 crore	Rs 90.48 crore
September 2025	Rs 34.65 crore	Rs 75.02 crore	Rs 66.85 crore
December 2025	Rs 25.31 crore	Rs 108.92 crore	Rs 93.68 crore
March 2026	Rs 24.92 crore	Rs 55.04 crore	Rs 78.93 crore
June 2026	Rs 33.74 crore	Rs 92.15 crore	Rs 79.51 crore

Quarterly net profit (Rs crore)

Quarter	Mercury EV-Tech	Pavna Industries	Tolins Tyres
June 2025	Rs 1.63 crore	-Rs 1.72 crore	Rs 9.30 crore
September 2025	Rs 1.84 crore	Rs 1.68 crore	Rs 6.95 crore
December 2025	Rs 0.75 crore	Rs 3.02 crore	Rs 10.49 crore
March 2026	Rs 0.17 crore	Rs 2.41 crore	Rs 8.94 crore
June 2026	Rs 1.56 crore	Rs 0.91 crore	Rs 6.19 crore

Mercury EV-Tech reported revenue of Rs 23.07 crore in June 2025 and Rs 33.74 crore in June 2026, a change of +46.3% across the period. Its highest quarterly revenue in this window was Rs 34.65 crore in September 2025. Net profit stood at Rs 1.56 crore in June 2026, which is a net profit margin of 4.62%.

Pavna Industries reported revenue of Rs 60.57 crore in June 2025 and Rs 92.15 crore in June 2026, a change of +52.1% across the period. Its highest quarterly revenue in this window was Rs 108.92 crore in December 2025. Net profit stood at Rs 0.91 crore in June 2026, which is a net profit margin of 0.99%. Pavna Industries reported a net loss in June 2025.

Tolins Tyres reported revenue of Rs 90.48 crore in June 2025 and Rs 79.51 crore in June 2026, a change of -12.1% across the period. Its highest quarterly revenue in this window was Rs 93.68 crore in December 2025. Net profit stood at Rs 6.19 crore in June 2026, which is a net profit margin of 7.79%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three auto components names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as vehicle production volumes, customer concentration, commodity costs and demand for electric vehicles. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Mercury EV-Tech, Pavna Industries and Tolins Tyres directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Mercury EV-Tech vs Pavna Industries vs Tolins Tyres highlights how differently three companies in the same auto components segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Mercury EV-Tech vs Pavna Industries vs Tolins Tyres

What is the market cap difference between Mercury EV-Tech, Pavna Industries and Tolins Tyres?

Ans. As of October 2026, Mercury EV-Tech has a market cap of approximately Rs 693 crore, Pavna Industries is at approximately Rs 210 crore, and Tolins Tyres is at approximately Rs 340 crore. Mercury EV-Tech is the largest of the three, and its market capitalisation is about 3.3 times that of Pavna Industries, the smallest. Market capitalisation reflects the size of a company in the market rather than the quality of its business, so a larger value does not by itself signal a higher quality company. These figures move with the share price every trading day, which is why the table above should be read as a snapshot rather than a fixed ranking in the Mercury EV-Tech vs Pavna Industries vs Tolins Tyres comparison.

What are the PE and PB ratios of Mercury EV-Tech, Pavna Industries and Tolins Tyres?

Ans. As of October 2026, the PE ratios stand at 151.96, 26.46 and 25.46 respectively, and the price to book ratios stand at 2.47, 1.03 and 1.10 respectively. All three companies have a positive trailing PE, so the multiples can be compared directly. The PE ratio shows how much investors pay for each rupee of trailing earnings, while the PB ratio compares the market value with the net assets on the balance sheet. Both multiples should be read against the segment norms for auto components and against each company's own growth and earnings stability, because a high multiple can reflect expected growth or simply a small earnings base.

Which of the three has the highest ROE?

Ans. Mercury EV-Tech, Pavna Industries and Tolins Tyres post ROE of 3.15%, 3.09% and 4.87% respectively as of October 2026. Tolins Tyres has the highest return on equity of the three at 4.87%, while Pavna Industries has the lowest at 3.09%. Return on equity measures how much profit a company generates on the capital contributed by its shareholders, so it is a useful gauge of how efficiently equity is being used. A negative ROE points to losses over the period, and a very high ROE can sometimes result from a small equity base rather than operating performance. It is therefore worth reading ROE together with debt levels and the five-quarter profit trend before drawing any conclusion from the Mercury EV-Tech vs Pavna Industries vs Tolins Tyres figures.

Which of these three stocks pays the highest dividend yield?

Ans. Mercury EV-Tech, Pavna Industries and Tolins Tyres carry dividend yields of 0.00%, 0.00% and 0.00% respectively as of October 2026. Dividend yield is the annual dividend per share expressed as a percentage of the current share price, so it changes whenever the price changes. A low or zero yield is common among companies that retain profits to fund expansion, repay debt or absorb losses, and it does not by itself say anything about business quality. Investors who care about income should also check how consistently each company has paid dividends and what share of profit it distributes.

What is the debt to equity ratio for Mercury EV-Tech, Pavna Industries and Tolins Tyres?

Ans. Mercury EV-Tech carries a debt to equity of 0.03, Pavna Industries of 0.51, and Tolins Tyres of 0.01. Pavna Industries has the highest debt to equity ratio of the three at 0.51, while Tolins Tyres has the lowest at 0.01. The debt to equity ratio compares total borrowings with shareholders' funds, and a higher figure means the company relies more on borrowed money to run its business. What counts as a comfortable level differs by segment, since some businesses in auto components need heavy capital and carry more debt than others. Investors usually read this ratio alongside interest costs and cash generation to judge how well each company can service its borrowings in the Mercury EV-Tech vs Pavna Industries vs Tolins Tyres comparison.

What were the latest quarterly revenue and net profit of Mercury EV-Tech, Pavna Industries and Tolins Tyres?

Ans. For Q1 FY27 (quarter ended June 2026), Mercury EV-Tech reported revenue of Rs 33.74 crore and net profit of Rs 1.56 crore, Pavna Industries reported revenue of Rs 92.15 crore and net profit of Rs 0.91 crore, and Tolins Tyres reported revenue of Rs 79.51 crore and net profit of Rs 6.19 crore. Compared with the quarter ended June 2025, revenue changed by +46.3% for Mercury EV-Tech, +52.1% for Pavna Industries and -12.1% for Tolins Tyres. A single quarter can be affected by seasonality, one-time items and the timing of orders, so the five-quarter tables above give a clearer sense of direction than any one result. A net loss in a quarter does not always mean a troubled business, but it does call for a closer look at costs, debt and the reasons behind the swing in the Mercury EV-Tech vs Pavna Industries vs Tolins Tyres results.

Does this comparison recommend one of Mercury EV-Tech, Pavna Industries and Tolins Tyres?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research. Instead of a verdict, the tables above lay out the figures so that readers can weigh them against their own goals, time horizon and tolerance for risk. For companies in auto components, it also helps to look at factors such as vehicle production volumes, customer concentration, commodity costs and demand for electric vehicles. Reading the latest filings and investor presentations of Mercury EV-Tech, Pavna Industries and Tolins Tyres directly, and speaking to a SEBI registered adviser where needed, is a sensible step before acting on any numbers shown in Mercury EV-Tech vs Pavna Industries vs Tolins Tyres.