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 ₹ 153 Cr.
- Current Price ₹ 87.8
- High / Low ₹ 97.6 / 49.6
- Stock P/E 30.2
- Book Value ₹ 87.0
- Dividend Yield 0.00 %
- ROCE 8.59 %
- ROE 4.59 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.01 times its book value
- Company has delivered good profit growth of 23.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.62% over last 3 years.
- Contingent liabilities of Rs.126 Cr.
- Company has high debtors of 198 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
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 44 | 58 | 36 | 61 | 62 | 106 | 83 | 129 | 113 | 119 | |
| 39 | 55 | 35 | 47 | 52 | 90 | 67 | 100 | 83 | 92 | |
| Operating Profit | 5 | 3 | 1 | 14 | 9 | 16 | 16 | 29 | 29 | 26 |
| OPM % | 12% | 6% | 1% | 23% | 15% | 15% | 19% | 22% | 26% | 22% |
| 3 | 4 | 4 | 3 | 2 | 1 | 2 | 4 | 3 | 2 | |
| Interest | 0 | 1 | 0 | 8 | 8 | 8 | 10 | 14 | 14 | 11 |
| Depreciation | 2 | 3 | 2 | 6 | 5 | 5 | 6 | 8 | 9 | 10 |
| Profit before tax | 6 | 4 | 2 | 3 | -2 | 4 | 2 | 11 | 9 | 8 |
| Tax % | 20% | 21% | 27% | 15% | -37% | 60% | -63% | 40% | 16% | |
| 3 | -0 | 0 | 2 | -1 | 1 | 4 | 6 | 7 | 5 | |
| EPS in Rs | 1.84 | -0.09 | 0.07 | 1.08 | -1.15 | 0.60 | 2.39 | 3.01 | 4.14 | 3.38 |
| Dividend Payout % | 41% | -807% | 1,100% | 14% | -13% | 25% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 2% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 73% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 11% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 5% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 | 14 | 17 |
| Reserves | 78 | 76 | 75 | 81 | 75 | 80 | 88 | 102 | 112 | 134 |
| 0 | 0 | 46 | 68 | 83 | 88 | 115 | 144 | 113 | 104 | |
| 11 | 14 | 17 | 28 | 27 | 34 | 31 | 52 | 47 | 45 | |
| Total Liabilities | 101 | 102 | 149 | 191 | 199 | 215 | 248 | 312 | 286 | 300 |
| 23 | 21 | 109 | 106 | 110 | 118 | 129 | 158 | 164 | 162 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 8 | 4 | 5 |
| Investments | 29 | 2 | 1 | 5 | 4 | 8 | 28 | 40 | 4 | 5 |
| 49 | 79 | 39 | 79 | 85 | 88 | 89 | 106 | 114 | 128 | |
| Total Assets | 101 | 102 | 149 | 191 | 199 | 215 | 248 | 312 | 286 | 300 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 26 | 6 | 8 | -15 | 19 | -2 | 30 | 24 | 21 | |
| -19 | 2 | -63 | -5 | -6 | -5 | -34 | -42 | 14 | |
| -1 | -2 | 42 | 21 | -0 | -4 | 16 | 13 | -41 | |
| Net Cash Flow | 5 | 6 | -14 | 1 | 12 | -11 | 12 | -5 | -6 |
| Free Cash Flow | 25 | 5 | -82 | -17 | 16 | -17 | -7 | -32 | 10 |
| CFO/OP | 535% | 169% | 2,128% | -69% | 146% | -18% | 155% | 98% | 75% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 145 | 97 | 172 | 221 | 201 | 125 | 188 | 157 | 198 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 145 | 97 | 172 | 221 | 201 | 125 | 188 | 157 | 198 |
| Working Capital Days | 149 | 56 | 79 | 187 | 118 | 117 | 82 | 46 | 47 |
| ROCE % | 5% | 2% | 7% | 3% | 7% | 5% | 10% | 9% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Participants Trained (Non-IT / Vocational) Number ・Standalone data |
|
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| Total Employee Strength Number ・Standalone data |
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| Power & Energy Assignments Completed (Annual) Number ・Standalone data |
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| Renewable Energy Services Volume (Cumulative) MWp |
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| Employee Turnover Rate (Permanent) % ・Standalone data |
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| Completed Consulting Assignments (Cumulative) Number |
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| Number of IT Based / MS-CIT Participants (Annual) Number ・Standalone data |
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| Solar Projects Commissioned (Specific Group Projects) MW |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
6 May 2026 - Published newspaper advertisements for postal ballot notice in Financial Express and Loksatta, Pune edition.
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Shareholders meeting
5 May 2026 - Postal ballot on MD reappointment, two director appointments, and three Rs.50 crore related-party corporate guarantees.
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Resignation of Director/KMP/SMP
30 April 2026 - MITCON Consultancy & Engineering Services Limited has informed about Resignation of Director/KMP/SMP
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Outcome of Board Meeting
29 April 2026 - Board reappointed Anand Chalwade as MD for 5 years from July 1, 2026; approved director changes April 29, 2026.
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Price movement
26 April 2026 - MITCON says recent share price movement is market-driven and no UPSI exists.
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.