Mitcon Consultancy & Engineering Services Ltd

₹ 82.0 4.11%

16 Jun 9:51 a.m.

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 - BE

Market Cap ₹ 143 Cr.
Current Price ₹ 82.0
High / Low ₹ 93.2 / 49.6
Stock P/E 17.7
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 0.87 times its book value
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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	27.98	29.55	35.76	24.15	39.96	24.44	27.84	22.31	38.13	24.43	29.46	26.55	45.23
	23.45	22.22	28.62	17.95	32.79	17.22	20.47	16.24	30.80	18.02	23.68	19.99	33.16
Operating Profit	4.53	7.33	7.14	6.20	7.17	7.22	7.37	6.07	7.33	6.41	5.78	6.56	12.07
OPM %	16.19%	24.81%	19.97%	25.67%	17.94%	29.54%	26.47%	27.21%	19.22%	26.24%	19.62%	24.71%	26.69%
	0.90	0.50	0.48	0.52	2.38	0.63	0.91	0.54	0.59	0.41	0.51	0.45	0.79
Interest	2.59	2.57	3.05	2.93	5.62	3.69	3.69	3.33	2.86	2.82	2.62	2.46	2.69
Depreciation	1.64	1.74	1.71	2.06	2.22	2.18	2.24	2.31	2.37	2.34	2.44	2.49	2.53
Profit before tax	1.20	3.52	2.86	1.73	1.71	1.98	2.35	0.97	2.69	1.66	1.23	2.06	7.64
Tax %	45.83%	53.41%	72.38%	59.54%	-45.03%	-47.47%	35.32%	59.79%	36.43%	27.71%	20.33%	22.33%	26.18%
	0.65	1.64	0.80	0.70	2.49	2.92	1.53	0.39	1.70	1.20	0.98	1.60	5.64
EPS in Rs	0.55	0.88	0.62	0.59	0.93	1.53	0.68	0.19	1.26	0.81	0.53	0.78	2.71
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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
	44	58	36	61	62	106	83	129	113	126
	39	55	35	47	52	90	67	100	83	95
Operating Profit	5	3	1	14	9	16	16	29	29	31
OPM %	12%	6%	1%	23%	15%	15%	19%	22%	26%	25%
	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	13
Tax %	20%	21%	27%	15%	-37%	60%	-63%	40%	16%	25%
	3	-0	0	2	-1	1	4	6	7	9
EPS in Rs	1.84	-0.09	0.07	1.08	-1.15	0.60	2.39	3.01	4.14	4.64
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:	12%

Compounded Profit Growth
10 Years:	%
5 Years:	43%
3 Years:	24%
TTM:	46%

Stock Price CAGR
10 Years:	%
5 Years:	19%
3 Years:	10%
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	65
Total Liabilities	101	102	149	191	199	215	248	312	286	322
	23	21	109	106	110	118	129	158	164	161
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	149
Total Assets	101	102	149	191	199	215	248	312	286	322

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/OP	535%	169%	2,128%	-69%	146%	-18%	155%	98%	75%	67%

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	Mar 2026
Debtor Days	145	97	172	221	201	125	188	157	198	175
Inventory Days										95
Days Payable										152
Cash Conversion Cycle	145	97	172	221	201	125	188	157	198	117
Working Capital Days	149	56	79	187	118	117	82	46	47	70
ROCE %		5%	2%	7%	3%	7%	5%	10%	9%	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

xx,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xxx	xxx	xxx	xxx	xxx	xxx
xxx	xx	xx	xx	xx
x,xxx	x,xxx	x,xxx	x,xxx		x,xxx
		xx.xx	xx.xx	xx.xx	xx.xx
				xx,xxx	xx,xxx
	xx,xxx	xx,xxx
				x.xx
				x.xx	x.xx

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Total Employee Strength
Number ・Standalone data

Power & Energy Assignments Completed (Annual)
Number ・Standalone data

Renewable Energy Services Volume (Cumulative)
MWp

Employee Turnover Rate (Permanent)
% ・Standalone data

Completed Consulting Assignments (Cumulative)
Number

Number of IT Based / MS-CIT Participants (Annual)
Number ・Standalone data

Solar Projects Commissioned (Specific Group Projects)
MW

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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	2,609	3,044	3,145	3,925	5,325	5,036	5,352	5,310	5,339	5,577	5,527	5,328

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

* 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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Mitcon Consultancy & Engineering Services Ltd

Mitcon Consultancy & Engineering Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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