Wealth Creator: Stock Turns Rs 1 Lakh into Rs 1 Crore Within 3 Years

Investing in the stock market is an age-old method that has been successful for creating wealth. Market swings and daily volatility make it difficult to navigate through the detailed movement; however, some stocks are there that provides with the most extraordinary returns in the long run. 

Mercury EV-Tech is also one of those stocks that has produced great returns at times of industrial and economic shocks.

Mercury EV-Tech: From 1 Lakh To 1 Crore

Mercury EV-Tech is an electric vehicle manufacturer that has performed outstandingly in the equity market. Its share price, from ₹0.85 since 2022, has increased to approximately ₹85, making it a phenomenal gain of 9,900%.

This means that an investment of ₹1 lakh in 2022 would now be worth ₹1 crore, thus providing a great potential for wealth creation. In addition, the company had shown consistent annual growth with a delivery of 1,300% return in CY22 and 897% in the subsequent year.

About Mercury EV-Tech

Mercury EV-Tech manufacturers and trades in electric vehicles and renewable energy products. In addition, it produces critical EV components that consist of batteries, chassis, and motor controllers. Some of the products provided by Mercury EV-Tech include two-wheelers, buses, loaders, and luxury vehicles for various transportation solutions.

The company recently displayed its innovative prowess at the Bharat Mobility Global Expo 2025. It unveiled two cutting-edge products: the e-TANQ, an off-road vehicle, and Europa, a luxury showroom on wheels. In addition, Mercury upgraded its 3W E-Rikshaw L5 (7-seater) to European standards, thus underlining its focus on innovation and quality.

Mercury EV-Tech: Financial Performance

The revenue of Mercury EV-Tech has grown significantly in the last few quarters. For Q2 FY25, the company posted a net profit of ₹1.60 crore, up 171% from ₹0.59 crore for Q2 FY24. The revenue from operations have also increased to ₹19.48 crore from ₹5.52 crore in the same quarter last year.

Mercury EV-Tech: EV Market

The electric vehicle market is growing at a rapid pace due to environmental concerns, government incentives, and technological advancements. The Indian EV industry is expected to grow at a compound annual growth rate of 36%, and the automobile sector is expected to become the world's third-largest by 2030.

This growth is in line with India's sustainability goals of reducing dependence on crude oil imports and cutting carbon emissions. India aims to achieve 70% EV penetration for commercial cars, 80% for two and three-wheelers, and 40% for buses by 2030, contributing to the nation's target of net-zero carbon emissions by 2070.