Mitcon Consultancy & Engineering Services Ltd

Mitcon Consult. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mitcon Consultancy & Engineering Services Ltd

₹ 83.9 5.90%
29 May - close price
mitconindia.com NSE: MITCON
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.

Website NSE
  • Market Cap ₹ 146 Cr.
  • Current Price ₹ 83.9
  • High / Low ₹ 93.2 / 49.6
  • Stock P/E 27.7
  • Book Value ₹ 91.2
  • Dividend Yield 0.00 %
  • ROCE 5.78 %
  • ROE 3.65 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.92 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
15.22 15.79 23.53 10.44 20.29 9.80 14.65 10.52 16.23 13.24 14.73 11.43 20.71
12.61 12.94 20.26 8.47 17.55 8.00 11.56 8.92 13.94 11.55 12.83 10.14 17.71
Operating Profit 2.61 2.85 3.27 1.97 2.74 1.80 3.09 1.60 2.29 1.69 1.90 1.29 3.00
OPM % 17.15% 18.05% 13.90% 18.87% 13.50% 18.37% 21.09% 15.21% 14.11% 12.76% 12.90% 11.29% 14.49%
0.84 0.76 1.00 1.04 0.95 1.30 1.20 1.19 1.25 1.22 1.29 1.39 1.37
Interest 0.60 0.49 0.48 0.58 0.54 0.69 0.69 0.72 0.81 0.70 0.63 0.65 0.78
Depreciation 0.54 0.55 0.53 0.60 0.61 0.61 0.63 0.69 0.73 0.75 0.82 0.85 0.84
Profit before tax 2.31 2.57 3.26 1.83 2.54 1.80 2.97 1.38 2.00 1.46 1.74 1.18 2.75
Tax % 63.20% 36.96% 26.69% -2.73% 33.07% 35.56% 30.98% 40.58% 35.00% 30.82% 27.59% 27.97% 21.82%
0.84 1.61 2.39 1.87 1.72 1.16 2.05 0.82 1.30 1.02 1.26 0.85 2.15
EPS in Rs 0.47 0.91 1.35 1.06 0.97 0.66 1.53 0.61 0.97 0.76 0.72 0.49 1.23
Raw PDF

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: 23%
3 Years: 11%
1 Year: 0%
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
14.82 -5.30 -19.41 1.98 -33.20 3.29 6.10 -2.72 -16.11 -12.94 -14.68
-1.44 -1.34 -1.34 -2.23 6.66 -4.60 -0.69 -1.35 0.13 5.93 9.07
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
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
CFO/OP 105% -198% 535% 168% 1,233% 264% -43% -75% 227% 131% 3%

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
Number of Participants Trained (Non-IT / Vocational)
Number

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Total Employee Strength
Number
Power & Energy Assignments Completed (Annual)
Number
Renewable Energy Services Volume (Cumulative)
MWp
Employee Turnover Rate (Permanent)
%
Completed Consulting Assignments (Cumulative)
Number
Number of IT Based / MS-CIT Participants (Annual)
Number
Solar Projects Commissioned (Specific Group Projects)
MW
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
16.85% 16.85% 16.85% 16.85% 16.84% 17.21% 17.21% 17.33% 17.94% 18.21% 18.21% 18.24%
3.43% 3.43% 3.43% 3.42% 2.23% 2.23% 2.23% 2.23% 2.23% 1.72% 1.72% 1.72%
6.11% 6.11% 6.11% 6.11% 6.11% 4.64% 4.64% 4.64% 4.64% 4.71% 4.71% 4.71%
73.61% 73.61% 73.62% 73.62% 74.82% 75.92% 75.92% 75.80% 75.19% 75.36% 75.36% 75.33%
No. of Shareholders 2,6093,0443,1453,9255,3255,0365,3525,3105,3395,5775,5275,328

* 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.

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