IMEC Services Ltd
Incorporated in 1987, MEC Services Ltd
provides Management and Consultancy
Services inter alia – information technology, engineering, and technical[1]
- Market Cap ₹ 63.9 Cr.
- Current Price ₹ 336
- High / Low ₹ 336 / 19.7
- Stock P/E 2.52
- Book Value ₹ 142
- Dividend Yield 0.00 %
- ROCE 177 %
- ROE 177 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 380% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 145%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 30.3%
- Promoters have pledged or encumbered 65.5% of their holding.
- Company has high debtors of 266 days.
- Working capital days have increased from 132 days to 298 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Consulting Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
276 | 227 | 33 | 15 | 1 | 1 | 3 | 0 | 3 | 9 | 6 | 28 | 28 | |
276 | 227 | 86 | 15 | 1 | 1 | 3 | 0 | 3 | 8 | 6 | 3 | 3 | |
Operating Profit | -0 | 0 | -53 | 0 | -0 | 1 | 0 | -0 | -0 | 0 | 0 | 25 | 25 |
OPM % | -0% | 0% | -158% | 0% | -51% | 48% | 1% | -96% | -2% | 1% | 1% | 88% | 91% |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 1 | 0 | -53 | 0 | -0 | 1 | 0 | -0 | -0 | 0 | 0 | 25 | 25 |
Tax % | 125% | 54% | 8% | -14% | 0% | 91% | 0% | 0% | 0% | 0% | 0% | 0% | |
-0 | 0 | -57 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 25 | 25 | |
EPS in Rs | -0.04 | 0.01 | -11.42 | 0.01 | -0.05 | 0.01 | 0.00 | -0.04 | -0.01 | 0.01 | 0.16 | 133.79 | 133.27 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -19% |
5 Years: | 58% |
3 Years: | 103% |
TTM: | 354% |
Compounded Profit Growth | |
---|---|
10 Years: | 83% |
5 Years: | 380% |
3 Years: | 761% |
TTM: | 11957% |
Stock Price CAGR | |
---|---|
10 Years: | 52% |
5 Years: | 205% |
3 Years: | 395% |
1 Year: | 1556% |
Return on Equity | |
---|---|
10 Years: | -53% |
5 Years: | 121% |
3 Years: | 145% |
Last Year: | 177% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 2 | 2 |
Reserves | 9 | 9 | -48 | -47 | -47 | -48 | -48 | -48 | -48 | -48 | -0 | 25 |
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
8 | 17 | 14 | 16 | 2 | 0 | 3 | 3 | 1 | 5 | 1 | 4 | |
Total Liabilities | 68 | 76 | 16 | 19 | 5 | 2 | 4 | 4 | 3 | 6 | 3 | 31 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 51 | 53 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 23 | 15 | 17 | 4 | 2 | 4 | 4 | 3 | 6 | 3 | 31 | |
Total Assets | 68 | 76 | 16 | 19 | 5 | 2 | 4 | 4 | 3 | 6 | 3 | 31 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | 3 | 0 | 1 | -1 | 0 | -0 | 0 | 0 | 0 | 0 | 9 | |
0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -5 | |
-0 | -1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | |
Net Cash Flow | -0 | -0 | 1 | 1 | -1 | 0 | -0 | 0 | 0 | 0 | 0 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 27 | 149 | 355 | 1,761 | 98 | 369 | 4,167 | 45 | 29 | 5 | 266 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 156 | 217 | 79 | ||||
Days Payable | 311 | 350 | 125 | |||||||||
Cash Conversion Cycle | 11 | 27 | 149 | 355 | 1,761 | 98 | 369 | 4,167 | -110 | -104 | -41 | 266 |
Working Capital Days | 4 | 1 | 4 | -6 | 730 | 439 | 221 | 2,312 | 154 | 44 | 55 | 298 |
ROCE % | 2% | 0% | -174% | 3% | -8% | 25% | 2% | -13% | -3% | 5% | 2% | 177% |
Documents
Announcements
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Closure of Trading Window
27 Sep - Trading window closed from Oct 1, 2025 until 48 hours after unaudited Q2 results for Sept 30, 2025.
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Disclosure Of Voting Results - 37Th Annual General Meeting Of The Company.
26 Sep - 37th AGM Sep 25, 2025: all resolutions approved including FY2025 financials, directors' appointments, Section 186 investment approval.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 25 Sep
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Proceedings Of The 37Th Annual General Meeting (''AGM'') Of The Company Held Today On Thursday, September 25, 2025.
25 Sep - 37th AGM on Sep 25, 2025: adopted FY2024-25 accounts; five resolutions including Section 186 approval and director appointments.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Sep - Newspaper Publication in respect of confirmation of dispatch of Notice of 37th Annual General Meeting (AGM) of the Company for the Financial Year 2024-25.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
a) Company (formerly known as Ruchi Strips & Alloys Limited) was in the business of Cold Rolled Steel Coils & Sheets. It had its manufacturing unit near Indore, with an installed capacity of 1 Lac TPA of Cold Rolled Steel. In FY11, their entire business including their assets and liabilities was sold on a slump sale basis to RSAL Steel Private Limited (a subsidiary of Ruchi Strips And Alloys Limited). After demerger of its entire steel division, the company was only in trading of commodities.
b) Currently, the company provides Management and Consultancy in engineering, information technology and technical.
c) It is also in trading of agricultural products, metal & metal alloys etc.