Mitcon Consultancy & Engineering Services Ltd

₹ 69.2 -3.15%

23 Oct - 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]
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 consultancy and skill training. It has expanded into renewable-energy EPC, owned solar/wind power, infrastructure consulting, trusteeship, and newer environment, water, soil-health, and technology-led services ^[2]

Website NSE

Market Cap ₹ 121 Cr.
Current Price ₹ 69.2
High / Low ₹ 92.8 / 49.6
Stock P/E 12.4
Book Value ₹ 90.7
Dividend Yield 0.00 %
ROCE 8.83 %
ROE 5.68 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.76 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 43.3% CAGR over last 5 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 5.09% over last 3 years.
Contingent liabilities of Rs.126 Cr.
Company has high debtors of 175 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29.55	35.76	24.15	39.96	24.44	27.84	22.31	38.13	24.43	29.46	26.55	45.23	67.58
	22.22	28.62	17.95	32.79	17.22	20.47	16.24	30.80	18.02	23.68	19.99	33.16	59.93
Operating Profit	7.33	7.14	6.20	7.17	7.22	7.37	6.07	7.33	6.41	5.78	6.56	12.07	7.65
OPM %	24.81%	19.97%	25.67%	17.94%	29.54%	26.47%	27.21%	19.22%	26.24%	19.62%	24.71%	26.69%	11.32%
	0.50	0.48	0.52	2.38	0.63	0.91	0.54	0.59	0.41	0.51	0.45	0.79	0.88
Interest	2.57	3.05	2.93	5.62	3.69	3.69	3.33	2.86	2.82	2.62	2.46	2.69	2.24
Depreciation	1.74	1.71	2.06	2.22	2.18	2.24	2.31	2.37	2.34	2.44	2.49	2.53	2.54
Profit before tax	3.52	2.86	1.73	1.71	1.98	2.35	0.97	2.69	1.66	1.23	2.06	7.64	3.75
Tax %	53.41%	72.38%	59.54%	-45.03%	-47.47%	35.32%	59.79%	36.43%	27.71%	20.33%	22.33%	26.18%	26.67%
	1.64	0.80	0.70	2.49	2.92	1.53	0.39	1.70	1.20	0.98	1.60	5.64	2.75
EPS in Rs	0.88	0.62	0.59	0.93	1.53	0.68	0.19	1.26	0.81	0.53	0.78	2.71	1.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	44	58	36	61	62	106	83	129	113	126	169
	39	55	35	47	52	90	67	100	85	95	137
Operating Profit	5	3	1	14	9	16	16	29	28	31	32
OPM %	12%	6%	1.5%	23%	15%	15%	19%	22%	25%	25%	19%
	3	4	4	3	2	1	2	4	3	2	3
Interest	0	1	0	8	8	8	10	14	14	11	10
Depreciation	2	3	2	6	5	5	6	8	9	10	10
Profit before tax	6	4	2	3	-2	4	2	11	8	13	15
Tax %	20%	21%	27%	15%	-37%	60%	-63%	40%	18%	25%
	3	-0	0	2	-1	1	4	6	7	9	11
EPS in Rs	1.84	-0.09	0.07	1.08	-1.15	0.60	2.39	3.01	4.14	4.64	5.59
Dividend Payout %	41%	-807%	1,100%	14%	-13%	25%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	15%
3 Years:	15%
TTM:	50%

Compounded Profit Growth
10 Years:	%
5 Years:	43%
3 Years:	24%
TTM:	147%

Stock Price CAGR
10 Years:	%
5 Years:	8%
3 Years:	1%
1 Year:	-8%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	5%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	12	13	13	13	13	13	14	17
Reserves	78	76	75	81	75	80	88	102	112	140
	0	0	46	68	83	88	115	144	113	99
	11	14	17	28	27	34	31	52	47	62
Total Liabilities	101	102	149	191	199	215	248	312	286	319
	23	21	109	106	110	118	129	158	164	160
CWIP	1	0	0	0	0	1	1	8	4	7
Investments	29	2	1	5	4	8	28	40	4	4
	49	79	39	79	85	88	89	106	114	146
Total Assets	101	102	149	191	199	215	248	312	286	319

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	26	6	8	-15	19	-2	30	24	21	17
	-19	2	-63	-5	-6	-5	-34	-42	14	-7
	-1	-2	42	21	-0	-4	16	13	-41	-1
Net Cash Flow	5	6	-14	1	12	-11	12	-5	-6	9
Free Cash Flow	25	5	-82	-17	16	-17	-7	-32	10	8
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	535%	169%	2,128%	-69%	146%	-18%	155%	98%	78%	67%

Ratios

Consolidated / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	145	97	172	221	201	125	188	157	198	175
Inventory Days
Days Payable
Cash Conversion Cycle	145	97	172	221	201	125	188	157	198	175
Working Capital Days	149	56	79	187	118	117	82	46	47	70
ROCE %		5%	2%	7%	3%	7%	5%	10%	8%	9%

Insights

In beta

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Skill Development Participants Trained
participants ・Standalone data

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Total Employees
count ・Standalone data

Cumulative Solar Capacity Serviced (Consulting)
MWp ・Standalone data

Energy Audits Completed
audits ・Standalone data

Solar Consulting Capacity Assigned
MW ・Standalone data

R&D Spend as % of Total Turnover
%

Owned Solar Power Capacity
MW

Training Centers
centers ・Standalone data

R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	16.85%	16.85%	16.84%	17.21%	17.21%	17.33%	17.94%	18.21%	18.21%	18.24%	20.08%	18.33%
	3.43%	3.42%	2.23%	2.23%	2.23%	2.23%	2.23%	1.72%	1.72%	1.72%	1.72%	1.72%
	6.11%	6.11%	6.11%	4.64%	4.64%	4.64%	4.64%	4.71%	4.71%	4.71%	4.71%	4.71%
	73.62%	73.62%	74.82%	75.92%	75.92%	75.80%	75.19%	75.36%	75.36%	75.33%	73.49%	75.24%
No. of Shareholders	3,145	3,925	5,325	5,036	5,352	5,310	5,339	5,577	5,527	5,328	4,863	4,854

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.85%	16.85%	17.33%	18.24%	18.33%
	29.22%	36.99%	20.18%	16.27%	18.29%	13.31%	3.44%	3.42%	2.23%	1.72%	1.72%
	0.00%	0.00%	6.78%	6.11%	6.11%	6.11%	6.11%	6.11%	4.64%	4.71%	4.71%
	70.77%	63.01%	73.04%	77.61%	75.61%	80.58%	73.60%	73.62%	75.80%	75.33%	75.24%
No. of Shareholders	261	254	213	216	204	897	2,638	3,925	5,310	5,328	4,854

* 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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Mitcon Consultancy & Engineering Services Ltd

Mitcon Consultancy & Engineering Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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