Mitcon Consultancy & Engineering Services Ltd
Incorporated in 1982, MITCON Consultancy
& Engineering Services Ltd is in the business
of consultancy and training services[1]
- Market Cap ₹ 137 Cr.
- Current Price ₹ 78.4
- High / Low ₹ 91.7 / 49.6
- Stock P/E 25.9
- Book Value ₹ 91.2
- Dividend Yield 0.00 %
- ROCE 5.78 %
- ROE 3.65 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.86 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.75% over last 3 years.
- Contingent liabilities of Rs.121 Cr.
- Earnings include an other income of Rs.5.27 Cr.
- Working capital days have increased from 91.2 days to 200 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43.24 | 44.97 | 44.03 | 58.38 | 58.35 | 36.20 | 32.55 | 76.97 | 44.50 | 70.05 | 51.20 | 60.12 | |
| 34.66 | 37.95 | 38.85 | 55.05 | 57.27 | 34.35 | 35.48 | 71.54 | 37.97 | 59.22 | 42.43 | 52.24 | |
| Operating Profit | 8.58 | 7.02 | 5.18 | 3.33 | 1.08 | 1.85 | -2.93 | 5.43 | 6.53 | 10.83 | 8.77 | 7.88 |
| OPM % | 19.84% | 15.61% | 11.76% | 5.70% | 1.85% | 5.11% | -9.00% | 7.05% | 14.67% | 15.46% | 17.13% | 13.11% |
| 4.09 | 3.57 | 2.80 | 3.55 | 5.12 | 6.52 | 2.94 | 2.47 | 3.27 | 3.75 | 4.93 | 5.27 | |
| Interest | 0.06 | 0.05 | 0.06 | 0.77 | 0.52 | 1.13 | 1.32 | 1.75 | 1.64 | 2.09 | 2.90 | 2.76 |
| Depreciation | 4.83 | 3.80 | 2.39 | 2.52 | 1.86 | 1.69 | 1.53 | 1.49 | 1.71 | 2.29 | 2.66 | 3.26 |
| Profit before tax | 7.78 | 6.74 | 5.53 | 3.59 | 3.82 | 5.55 | -2.84 | 4.66 | 6.45 | 10.20 | 8.14 | 7.13 |
| Tax % | 31.11% | 31.60% | 20.07% | 21.17% | 17.80% | 26.67% | -31.34% | 53.22% | 10.08% | 25.69% | 34.40% | 25.95% |
| 5.35 | 4.61 | 4.42 | 2.83 | 3.13 | 4.06 | -1.95 | 2.18 | 5.80 | 7.58 | 5.34 | 5.28 | |
| EPS in Rs | 3.36 | 2.90 | 2.78 | 1.78 | 1.97 | 2.29 | -1.10 | 1.23 | 3.28 | 4.28 | 3.97 | 3.03 |
| Dividend Payout % | 22.62% | 26.25% | 27.38% | 42.76% | 38.66% | 6.61% | -13.76% | 12.31% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 13% |
| 3 Years: | 11% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 36% |
| 3 Years: | -2% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 4% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.10 | 12.10 | 12.10 | 12.10 | 12.10 | 13.42 | 13.42 | 13.42 | 13.42 | 13.43 | 14.50 | 17.42 |
| Reserves | 73.91 | 77.22 | 79.56 | 80.79 | 82.40 | 90.50 | 88.38 | 90.85 | 96.58 | 104.34 | 116.21 | 141.52 |
| 0.00 | 0.00 | 0.00 | 0.00 | 8.93 | 6.92 | 13.52 | 14.16 | 16.48 | 23.83 | 27.22 | 25.54 | |
| 9.52 | 10.42 | 11.00 | 13.74 | 14.61 | 17.43 | 16.10 | 21.60 | 14.78 | 20.21 | 16.75 | 21.54 | |
| Total Liabilities | 95.53 | 99.74 | 102.66 | 106.63 | 118.04 | 128.27 | 131.42 | 140.03 | 141.26 | 161.81 | 174.68 | 206.02 |
| 28.80 | 26.36 | 22.78 | 21.43 | 20.15 | 18.52 | 23.02 | 23.63 | 29.70 | 28.93 | 30.92 | 31.94 | |
| CWIP | 0.00 | 0.00 | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.12 | 0.06 | 1.23 | 2.82 |
| Investments | 1.61 | 8.55 | 30.03 | 6.52 | 22.97 | 37.85 | 54.63 | 54.25 | 80.47 | 81.19 | 82.90 | 84.82 |
| 65.12 | 64.83 | 49.25 | 78.68 | 74.92 | 71.90 | 53.77 | 62.13 | 30.97 | 51.63 | 59.63 | 86.44 | |
| Total Assets | 95.53 | 99.74 | 102.66 | 106.63 | 118.04 | 128.27 | 131.42 | 140.03 | 141.26 | 161.81 | 174.68 | 206.02 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.75 | -17.04 | 25.56 | 5.93 | 11.07 | 2.55 | 5.30 | -6.04 | 15.69 | 11.58 | -1.63 | -17.06 | |
| 14.82 | -5.30 | -19.41 | 1.98 | -33.20 | 3.29 | 6.10 | -2.72 | -16.11 | -12.94 | -14.68 | -0.32 | |
| -1.44 | -1.34 | -1.34 | -2.23 | 6.66 | -4.60 | -0.69 | -1.35 | 0.13 | 5.93 | 9.07 | 19.22 | |
| Net Cash Flow | 18.13 | -23.68 | 4.81 | 5.67 | -15.46 | 1.25 | 10.70 | -10.11 | -0.29 | 4.57 | -7.24 | 1.84 |
| Free Cash Flow | -6.32 | -18.43 | 24.96 | 5.29 | 10.42 | 2.43 | 5.00 | -8.17 | 7.17 | 9.80 | -6.61 | -22.92 |
| CFO/OP | 105% | -198% | 535% | 168% | 1,233% | 264% | -43% | -75% | 227% | 131% | 3% | -195% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 132.78 | 141.15 | 144.99 | 97.10 | 75.69 | 159.21 | 133.55 | 95.32 | 135.17 | 102.13 | 172.38 | 149.84 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 132.78 | 141.15 | 144.99 | 97.10 | 75.69 | 159.21 | 133.55 | 95.32 | 135.17 | 102.13 | 172.38 | 149.84 |
| Working Capital Days | 121.64 | 132.54 | 148.72 | 57.71 | 45.73 | 155.48 | 75.92 | 72.22 | 62.67 | 14.28 | 59.31 | 199.99 |
| ROCE % | 9.34% | 7.76% | 6.37% | 5.20% | 4.06% | 6.24% | -1.34% | 5.50% | 6.37% | 9.17% | 7.37% | 5.78% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Skill Development Participants Trained participants |
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| Total Employees count |
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| Cumulative Solar Capacity Serviced (Consulting) MWp |
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| Energy Audits Completed audits |
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| Solar Consulting Capacity Assigned MW |
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| Owned Solar Power Capacity MW |
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| R&D Spend as % of Total Turnover % |
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| Training Centers centers |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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General Updates
3 August 2026 - MITCON remitted Rs 51 lakh on Aug 3, 2026 for two step-down subsidiaries.
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Acquisition
3 August 2026 - MITCON remitted Rs. 50 lakh and Rs. 1 lakh on Aug 3, 2026 into two step-down subsidiaries.
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General Updates
17 July 2026 - MITCON Sun Power formed step-down subsidiary MITCON Power Trading Limited for power trading expansion.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 July 2026 - Regulation 74(5) certificate filed for quarter ended June 30, 2026.
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Trading Window
25 June 2026 - Trading window closes from June 30, 2026 until 48 hours after Q1 FY27 results.
Annual reports
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Financial Year 2025
from nse
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Financial Year 2024
from nse
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Financial Year 2023
from nse
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Financial Year 2022
from nse
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Financial Year 2021
from nse
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Financial Year 2020
from nse
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Financial Year 2019
from nse
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Financial Year 2018
from nse
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Financial Year 2017
from nse
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Financial Year 2016
from nse
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Financial Year 2014
from nse
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Financial Year 2013
from nse
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.