Mitcon Consultancy & Engineering Services Ltd

Mitcon Consultancy & Engineering Services Ltd

₹ 142 6.23%
14 May - close price
About

Incorporated in 1982, MITCON Consultancy
& Engineering Services Ltd is in the business
of consultancy and training services[1]

Key Points

Business Overview:[1][2]
MITCON is an ISO 9001:2015 Certified, SBTi registered company, formed
jointly by IDBI, IFCI, SICOM, MIDC, MSSIDC
and various banks as technical consultancy organizations.

It is an Indian Technical Consulting Org.
(TCO) offering solutions for all technical, marketing & financial business requirements in
power generation, energy efficiency, renewable energy, climate change and environmental management, banking, infrastructure, and biotechnology sectors.

  • Market Cap 191 Cr.
  • Current Price 142
  • High / Low 161 / 66.5
  • Stock P/E 28.5
  • Book Value 85.0
  • Dividend Yield 0.00 %
  • ROCE 6.37 %
  • ROE 5.22 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -5.28% over past five years.
  • Company has a low return on equity of 1.86% over last 3 years.
  • Contingent liabilities of Rs.81.3 Cr.
  • Earnings include an other income of Rs.3.64 Cr.

* 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

Sector: Miscellaneous Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
24.78 10.79 10.59 38.12 10.57 17.68 11.88 7.96 9.44 15.22 15.79 23.53 10.44
19.03 12.47 10.54 35.36 11.23 14.42 10.34 7.60 7.43 12.61 12.94 20.26 8.47
Operating Profit 5.75 -1.68 0.05 2.76 -0.66 3.26 1.54 0.36 2.01 2.61 2.85 3.27 1.97
OPM % 23.20% -15.57% 0.47% 7.24% -6.24% 18.44% 12.96% 4.52% 21.29% 17.15% 18.05% 13.90% 18.87%
2.46 0.81 0.65 0.42 0.28 1.14 1.20 0.53 0.71 0.84 0.76 1.00 1.04
Interest 0.03 0.41 0.31 0.58 0.46 0.40 0.34 0.34 0.36 0.60 0.49 0.48 0.58
Depreciation 2.58 0.36 0.36 0.39 0.37 0.37 0.37 0.36 0.43 0.54 0.55 0.53 0.60
Profit before tax 5.60 -1.64 0.03 2.21 -1.21 3.63 2.03 0.19 1.93 2.31 2.57 3.26 1.83
Tax % 42.50% 47.56% -100.00% 61.09% 115.70% 70.52% 30.05% -1,052.63% 30.05% 63.20% 36.96% 26.69% -2.73%
3.22 -0.85 0.06 0.86 0.19 1.07 1.42 2.18 1.35 0.84 1.61 2.39 1.87
EPS in Rs 2.66 -0.63 0.04 0.64 0.14 0.80 1.06 1.62 1.01 0.63 1.20 1.78 1.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
53.84 46.67 40.49 43.24 44.97 44.03 58.38 58.35 36.20 32.55 76.97 44.50 64.98
39.43 33.13 30.77 34.66 37.95 38.85 55.05 57.27 34.35 35.48 71.54 37.97 54.28
Operating Profit 14.41 13.54 9.72 8.58 7.02 5.18 3.33 1.08 1.85 -2.93 5.43 6.53 10.70
OPM % 26.76% 29.01% 24.01% 19.84% 15.61% 11.76% 5.70% 1.85% 5.11% -9.00% 7.05% 14.67% 16.47%
1.20 1.98 2.25 4.09 3.57 2.80 3.55 5.12 6.52 2.94 2.47 3.27 3.64
Interest 0.09 0.05 0.09 0.06 0.05 0.06 0.77 0.52 1.13 1.32 1.75 1.64 2.15
Depreciation 1.24 1.51 1.62 4.83 3.80 2.39 2.52 1.86 1.69 1.53 1.49 1.71 2.22
Profit before tax 14.28 13.96 10.26 7.78 6.74 5.53 3.59 3.82 5.55 -2.84 4.66 6.45 9.97
Tax % 31.65% 29.01% 30.99% 31.11% 31.60% 20.07% 21.17% 17.80% 26.67% 31.34% 53.22% 10.08%
9.76 9.92 7.09 5.35 4.61 4.42 2.83 3.13 4.06 -1.95 2.18 5.80 6.71
EPS in Rs 1,952.00 1,984.00 5.86 4.42 3.81 3.65 2.34 2.59 3.02 -1.45 1.62 4.32 5.00
Dividend Payout % 2.56% 2.52% 17.07% 22.62% 26.25% 27.38% 42.76% 38.66% 6.61% -13.76% 12.31% -0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: -5%
3 Years: 7%
TTM: 38%
Compounded Profit Growth
10 Years: -6%
5 Years: 12%
3 Years: 11%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 53%
1 Year: 101%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.50 0.50 12.10 12.10 12.10 12.10 12.10 12.10 13.42 13.42 13.42 13.42 13.42
Reserves 44.36 55.51 71.00 73.91 77.22 79.56 80.79 82.40 90.50 88.38 90.85 96.58 100.62
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 8.93 6.92 13.52 14.16 16.48 16.44
11.76 9.81 11.30 9.52 10.42 11.00 13.74 14.61 17.43 16.10 21.60 14.78 21.76
Total Liabilities 56.62 65.82 94.40 95.53 99.74 102.66 106.63 118.04 128.27 131.42 140.03 141.26 152.24
18.00 19.27 23.83 28.80 26.36 22.78 21.43 20.15 18.52 23.02 23.63 29.70 29.77
CWIP -0.00 -0.00 0.18 -0.00 -0.00 0.60 -0.00 -0.00 -0.00 -0.00 0.02 0.12 0.04
Investments 2.99 3.69 24.68 1.61 8.55 30.03 6.52 22.97 37.85 54.63 54.25 80.47 81.67
35.63 42.86 45.71 65.12 64.83 49.25 78.68 74.92 71.90 53.77 62.13 30.97 40.76
Total Assets 56.62 65.82 94.40 95.53 99.74 102.66 106.63 118.04 128.27 131.42 140.03 141.26 152.24

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4.31 4.35 3.61 4.75 -17.04 25.56 5.93 11.07 2.55 5.30 -6.04 15.97
-2.09 -0.50 -25.35 14.82 -5.30 -19.41 1.98 -33.20 3.29 6.10 -2.72 -16.39
0.04 -0.31 21.11 -1.44 -1.34 -1.34 -2.23 6.66 -4.60 -0.69 -1.35 0.13
Net Cash Flow 2.26 3.54 -0.63 18.13 -23.68 4.81 5.67 -15.46 1.25 10.70 -10.11 -0.29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 71.59 112.39 145.68 132.78 141.15 144.99 97.10 75.69 159.21 133.55 95.32 135.17
Inventory Days
Days Payable
Cash Conversion Cycle 71.59 112.39 145.68 132.78 141.15 144.99 97.10 75.69 159.21 133.55 95.32 135.17
Working Capital Days 25.63 71.64 117.37 121.64 132.54 148.72 57.71 45.73 155.48 79.17 81.61 62.99
ROCE % 36.14% 27.90% 14.95% 9.34% 7.76% 6.37% 5.20% 4.06% 6.24% -1.34% 5.50% 6.37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
0.00% 0.00% 0.00% 0.00% 0.00% 9.85% 9.85% 16.85% 16.85% 16.85% 16.85% 16.85%
18.20% 16.04% 13.98% 13.31% 13.31% 3.46% 3.46% 3.44% 3.43% 3.43% 3.43% 3.42%
6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11%
75.69% 77.85% 79.91% 80.58% 80.58% 80.58% 80.58% 73.60% 73.61% 73.61% 73.62% 73.62%
No. of Shareholders 1992512788971,3262,5712,4422,6382,6093,0443,1453,925

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents