Mitcon Consultancy & Engineering Services Ltd

Mitcon Consultancy & Engineering Services Ltd

₹ 128 3.14%
26 Apr - 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][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.

  • Market Cap 172 Cr.
  • Current Price 128
  • High / Low 161 / 66.5
  • Stock P/E 46.3
  • Book Value 79.0
  • Dividend Yield 0.00 %
  • ROCE 5.35 %
  • ROE 4.37 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.30% over past five years.
  • Company has a low return on equity of 1.38% over last 3 years.
  • Contingent liabilities of Rs.103 Cr.
  • Company has high debtors of 188 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

Sector: Miscellaneous Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.16 16.39 43.90 17.56 28.65 18.75 17.69 19.23 27.98 29.55 35.76 24.15
18.08 13.51 39.34 14.85 22.67 16.00 13.46 14.90 23.44 22.22 28.62 17.95
Operating Profit 2.08 2.88 4.56 2.71 5.98 2.75 4.23 4.33 4.54 7.33 7.14 6.20
OPM % 10.32% 17.57% 10.39% 15.43% 20.87% 14.67% 23.91% 22.52% 16.23% 24.81% 19.97% 25.67%
0.75 0.46 0.24 -0.06 0.62 0.97 0.41 0.42 0.30 0.50 0.48 0.52
Interest 2.30 1.79 2.34 2.22 1.93 1.90 2.39 2.68 2.59 2.57 3.05 2.93
Depreciation 1.17 1.31 1.46 1.28 1.27 1.41 1.48 1.53 1.64 1.74 1.71 2.06
Profit before tax -0.64 0.24 1.00 -0.85 3.40 0.41 0.77 0.54 0.61 3.52 2.86 1.73
Tax % 120.31% -33.33% 127.00% 164.71% 73.82% -36.59% -276.62% 46.30% 90.16% 53.41% 72.38% 59.54%
0.13 0.32 -0.27 0.54 0.89 0.55 2.89 0.29 0.65 1.64 0.80 0.70
EPS in Rs -0.23 0.25 -0.83 1.72 0.02 -0.10 2.15 0.37 0.72 1.16 0.82 0.77
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 TTM
44 58 36 61 62 106 83 117
39 55 35 47 52 90 67 92
Operating Profit 5 3 1 14 9 16 16 25
OPM % 12% 6% 1% 23% 15% 15% 19% 21%
3 4 4 3 2 1 2 2
Interest 0 1 0 8 8 8 10 11
Depreciation 2 3 2 6 5 5 6 7
Profit before tax 6 4 2 3 -2 4 2 9
Tax % 20% 21% 27% 15% 37% 60% -63%
3 -0 0 2 -1 1 4 4
EPS in Rs 2.42 -0.12 0.09 1.43 -1.51 0.79 3.15 3.47
Dividend Payout % 41% -807% 1,100% 14% -13% 25% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 11%
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: 88%
3 Years: 30%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 47%
1 Year: 71%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 13 13 13 13 13
Reserves 78 76 75 81 75 80 88 93
Preference Capital 0 0 0 0 0 5 6
0 0 46 68 83 83 109 127
11 14 17 28 27 39 37 41
Total Liabilities 101 102 149 191 199 215 248 274
23 21 109 106 110 118 129 162
CWIP 1 0 0 0 0 1 1 0
Investments 29 2 1 5 4 8 30 31
49 79 39 79 85 88 88 81
Total Assets 101 102 149 191 199 215 248 274

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 6 8 -15 19 -2 30
-19 2 -63 -5 -6 -5 -34
-1 -2 42 21 -0 -4 16
Net Cash Flow 5 6 -14 1 12 -11 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 145 97 172 221 201 125 188
Inventory Days
Days Payable
Cash Conversion Cycle 145 97 172 221 201 125 188
Working Capital Days 149 56 79 187 167 164 153
ROCE % 5% 2% 7% 3% 7% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
0.00% 0.00% 0.00% 0.00% 0.00% 9.85% 9.85% 16.85% 16.85% 16.85% 16.85% 16.85%
18.20% 16.04% 13.98% 13.31% 13.31% 3.46% 3.46% 3.44% 3.43% 3.43% 3.43% 3.42%
6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11%
75.69% 77.85% 79.91% 80.58% 80.58% 80.58% 80.58% 73.60% 73.61% 73.61% 73.62% 73.62%
No. of Shareholders 1992512788971,3262,5712,4422,6382,6093,0443,1453,925

* 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.

Click on the line-items to see the names of individual entities.

Documents