IMEC Services Ltd
Incorporated in 1987, MEC Services Ltd
provides Management and Consultancy
Services inter alia – information technology, engineering, and technical[1]
- Market Cap ₹ 32.5 Cr.
- Current Price ₹ 171
- High / Low ₹ 205 / 8.06
- Stock P/E
- Book Value ₹ 8.63
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 19.8 times its book value
- The company has delivered a poor sales growth of -35.8% over past five years.
- Promoter holding is low: 30.3%
- Promoters have pledged or encumbered 65.5% of their holding.
* 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 2013 18m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,769 | 1,011 | 885 | 475 | 154 | 84 | 59 | 20 | 12 | 36 | 43 | 6 | |
1,711 | 974 | 850 | 530 | 190 | 106 | 94 | 77 | 18 | 36 | 44 | 6 | |
Operating Profit | 58 | 37 | 34 | -55 | -36 | -22 | -35 | -58 | -6 | -0 | -1 | 0 |
OPM % | 3% | 4% | 4% | -12% | -23% | -26% | -59% | -292% | -51% | -1% | -2% | 0% |
8 | 3 | 3 | 3 | 1 | 0 | 0 | 0 | 2 | -0 | -0 | 300 | |
Interest | 52 | 33 | 31 | 34 | 38 | 39 | 2 | 2 | 2 | 2 | 2 | 0 |
Depreciation | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 |
Profit before tax | 9 | 4 | 4 | -88 | -75 | -63 | -39 | -61 | -8 | -4 | -5 | 300 |
Tax % | 42% | 45% | 31% | 8% | -1% | -0% | -16% | 11% | 0% | 0% | 0% | 0% |
5 | 2 | 2 | -95 | -74 | -63 | -32 | -68 | -8 | -4 | -5 | 300 | |
EPS in Rs | 1.08 | 0.43 | 0.49 | -19.01 | -14.85 | -12.54 | -6.47 | -13.54 | -1.56 | -0.81 | -0.91 | 1,578.21 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -40% |
5 Years: | -36% |
3 Years: | -19% |
TTM: | -85% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 8% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | 41% |
5 Years: | 138% |
3 Years: | 294% |
1 Year: | 2022% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 2 |
Reserves | 20 | 15 | 10 | -85 | -178 | -240 | -274 | -342 | -349 | -353 | -358 | -0 |
79 | 79 | 69 | 120 | 211 | 189 | 201 | 201 | 204 | 204 | 204 | 0 | |
190 | 167 | 153 | 151 | 102 | 136 | 123 | 130 | 132 | 133 | 140 | 1 | |
Total Liabilities | 339 | 312 | 283 | 236 | 185 | 134 | 101 | 40 | 37 | 34 | 36 | 3 |
44 | 42 | 29 | 27 | 26 | 25 | 24 | 22 | 20 | 18 | 16 | 0 | |
CWIP | 4 | 5 | 5 | 8 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 |
Investments | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
291 | 264 | 248 | 201 | 151 | 101 | 71 | 12 | 12 | 10 | 14 | 3 | |
Total Assets | 339 | 312 | 283 | 236 | 185 | 134 | 101 | 40 | 37 | 34 | 36 | 3 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
70 | 37 | 22 | -23 | -62 | 63 | -13 | 1 | -1 | 2 | 2 | -0 | |
1 | -0 | 20 | 3 | 4 | -2 | 1 | 0 | -0 | 0 | -0 | -0 | |
-54 | -33 | -41 | 17 | 58 | -62 | 11 | -2 | 1 | -2 | -2 | 0 | |
Net Cash Flow | 17 | 3 | 1 | -3 | -0 | -0 | -1 | -1 | 0 | 0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 41 | 48 | 73 | 187 | 226 | 196 | 57 | 102 | 14 | 12 | 5 |
Inventory Days | 20 | 31 | 28 | 19 | 25 | 56 | 45 | 118 | 728 | 127 | 162 | 79 |
Days Payable | 32 | 52 | 55 | 90 | 67 | 134 | 43 | 360 | 1,979 | 331 | 334 | 125 |
Cash Conversion Cycle | 19 | 20 | 22 | 2 | 144 | 148 | 198 | -185 | -1,149 | -190 | -160 | -41 |
Working Capital Days | 4 | 10 | 11 | -49 | -260 | -797 | -1,348 | -5,078 | -8,292 | -2,830 | -2,359 | 55 |
ROCE % | 42% | 25% | 24% | -48% | -42% | -57% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Aug - Newspaper publication for the attention of the Shareholders in respect of intimation regarding the 37th Annual General Meeting (AGM) of the Company.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Aug - Listing Obligation and Disclosure Requirements) Regulation, 2015, please find enclosed herewith copies of newspaper publication of extract of standalone unaudited financial results of the Company …
- Unaudited Standalone Financial Results Of The Company For The Quarter Ended June 30, 2025 Along With Limited Review Report 14 Aug
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On August 14, 2025.
14 Aug - Q1 FY26 unaudited results show revenue drop; AGM on Sept 25 via VC; scrutinizer appointed.
-
Board Meeting Intimation for Board Meeting Intimation Regarding Postponement And Rescheduling Of Board Meeting On August 14, 2025.
12 Aug - Board meeting rescheduled to Aug 14 for Q1 June 30, 2025 financial results approval.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Business Overview:[1][2]
a) Company (formerly known as Ruchi Strips & Alloys Limited) was in the business of Cold Rolled Steel Coils & Sheets. It had its manufacturing unit near Indore, with an installed capacity of 1 Lac TPA of Cold Rolled Steel. In FY11, their entire business including their assets and liabilities was sold on a slump sale basis to RSAL Steel Private Limited (a subsidiary of Ruchi Strips And Alloys Limited). After demerger of its entire steel division, the company was only in trading of commodities.
b) Currently, the company provides Management and Consultancy in engineering, information technology and technical.
c) It is also in trading of agricultural products, metal & metal alloys etc.