Mitcon Consultancy & Engineering Services Ltd

Mitcon Consult. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mitcon Consultancy & Engineering Services Ltd

₹ 135 0.82%
24 Jul - close price
Company website NSE: MITCON
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
  • Market Cap ₹ 239 Cr.
  • Current Price ₹ 135
  • High / Low ₹ 161 / 61.3
  • Stock P/E 31.5
  • Book Value ₹ 66.5
  • Dividend Yield 0.00 %
  • ROCE 9.17 %
  • ROE 6.66 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 61.5 days to 39.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.74% over last 3 years.
  • Contingent liabilities of Rs.81.3 Cr.
  • Earnings include an other income of Rs.3.75 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
10.79 10.59 38.12 10.57 17.68 11.88 7.96 9.44 15.22 15.79 23.53 10.44 20.29
12.47 10.54 35.36 11.23 14.42 10.34 7.60 7.43 12.61 12.94 20.26 8.47 17.55
Operating Profit -1.68 0.05 2.76 -0.66 3.26 1.54 0.36 2.01 2.61 2.85 3.27 1.97 2.74
OPM % -15.57% 0.47% 7.24% -6.24% 18.44% 12.96% 4.52% 21.29% 17.15% 18.05% 13.90% 18.87% 13.50%
0.81 0.65 0.42 0.28 1.14 1.20 0.53 0.71 0.84 0.76 1.00 1.04 0.95
Interest 0.41 0.31 0.58 0.46 0.40 0.34 0.34 0.36 0.60 0.49 0.48 0.58 0.54
Depreciation 0.36 0.36 0.39 0.37 0.37 0.37 0.36 0.43 0.54 0.55 0.53 0.60 0.61
Profit before tax -1.64 0.03 2.21 -1.21 3.63 2.03 0.19 1.93 2.31 2.57 3.26 1.83 2.54
Tax % -47.56% -100.00% 61.09% -115.70% 70.52% 30.05% -1,052.63% 30.05% 63.20% 36.96% 26.69% -2.73% 33.07%
-0.85 0.06 0.86 0.19 1.07 1.42 2.18 1.35 0.84 1.61 2.39 1.87 1.72
EPS in Rs -0.48 0.03 0.49 0.11 0.60 0.80 1.23 0.76 0.47 0.91 1.35 1.06 0.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
46.67 40.49 43.24 44.97 44.03 58.38 58.35 36.20 32.55 76.97 44.50 70.05
33.13 30.77 34.66 37.95 38.85 55.05 57.27 34.35 35.48 71.54 37.97 59.22
Operating Profit 13.54 9.72 8.58 7.02 5.18 3.33 1.08 1.85 -2.93 5.43 6.53 10.83
OPM % 29.01% 24.01% 19.84% 15.61% 11.76% 5.70% 1.85% 5.11% -9.00% 7.05% 14.67% 15.46%
1.98 2.25 4.09 3.57 2.80 3.55 5.12 6.52 2.94 2.47 3.27 3.75
Interest 0.05 0.09 0.06 0.05 0.06 0.77 0.52 1.13 1.32 1.75 1.64 2.09
Depreciation 1.51 1.62 4.83 3.80 2.39 2.52 1.86 1.69 1.53 1.49 1.71 2.29
Profit before tax 13.96 10.26 7.78 6.74 5.53 3.59 3.82 5.55 -2.84 4.66 6.45 10.20
Tax % 29.01% 30.99% 31.11% 31.60% 20.07% 21.17% 17.80% 26.67% -31.34% 53.22% 10.08% 25.69%
9.92 7.09 5.35 4.61 4.42 2.83 3.13 4.06 -1.95 2.18 5.80 7.58
EPS in Rs 992.00 4.46 3.36 2.90 2.78 1.78 1.97 2.29 -1.10 1.23 3.28 4.28
Dividend Payout % 2.52% 17.07% 22.62% 26.25% 27.38% 42.76% 38.66% 6.61% -13.76% 12.31% 0.00% 0.00%
Compounded Sales Growth
10 Years: 6%
5 Years: 4%
3 Years: 29%
TTM: 57%
Compounded Profit Growth
10 Years: 1%
5 Years: 21%
3 Years: 81%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 51%
1 Year: 117%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 5%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 0.50 12.10 12.10 12.10 12.10 12.10 12.10 13.42 13.42 13.42 13.42 13.43
Reserves 55.51 71.00 73.91 77.22 79.56 80.79 82.40 90.50 88.38 90.85 96.58 104.34
0.00 0.00 0.00 0.00 0.00 0.00 8.93 6.92 13.52 14.16 16.48 23.83
9.81 11.30 9.52 10.42 11.00 13.74 14.61 17.43 16.10 21.60 14.78 20.21
Total Liabilities 65.82 94.40 95.53 99.74 102.66 106.63 118.04 128.27 131.42 140.03 141.26 161.81
19.27 23.83 28.80 26.36 22.78 21.43 20.15 18.52 23.02 23.63 29.70 28.99
CWIP 0.00 0.18 0.00 0.00 0.60 0.00 0.00 0.00 0.00 0.02 0.12 0.00
Investments 3.69 24.68 1.61 8.55 30.03 6.52 22.97 37.85 54.63 54.25 80.47 81.19
42.86 45.71 65.12 64.83 49.25 78.68 74.92 71.90 53.77 62.13 30.97 51.63
Total Assets 65.82 94.40 95.53 99.74 102.66 106.63 118.04 128.27 131.42 140.03 141.26 161.81

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4.35 3.61 4.75 -17.04 25.56 5.93 11.07 2.55 5.30 -6.04 15.97 11.58
-0.50 -25.35 14.82 -5.30 -19.41 1.98 -33.20 3.29 6.10 -2.72 -16.39 -12.94
-0.31 21.11 -1.44 -1.34 -1.34 -2.23 6.66 -4.60 -0.69 -1.35 0.13 5.93
Net Cash Flow 3.54 -0.63 18.13 -23.68 4.81 5.67 -15.46 1.25 10.70 -10.11 -0.29 4.57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 112.39 145.68 132.78 141.15 144.99 97.10 75.69 159.21 133.55 95.32 135.17 102.13
Inventory Days
Days Payable
Cash Conversion Cycle 112.39 145.68 132.78 141.15 144.99 97.10 75.69 159.21 133.55 95.32 135.17 102.13
Working Capital Days 71.64 117.37 121.64 132.54 148.72 57.71 45.73 155.48 79.17 81.61 62.99 39.86
ROCE % 27.90% 14.95% 9.34% 7.76% 6.37% 5.20% 4.06% 6.24% -1.34% 5.50% 6.37% 9.17%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
0.00% 0.00% 0.00% 0.00% 9.85% 9.85% 16.85% 16.85% 16.85% 16.85% 16.85% 16.84%
16.04% 13.98% 13.31% 13.31% 3.46% 3.46% 3.44% 3.43% 3.43% 3.43% 3.42% 2.23%
6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11% 6.11%
77.85% 79.91% 80.58% 80.58% 80.58% 80.58% 73.60% 73.61% 73.61% 73.62% 73.62% 74.82%
No. of Shareholders 2512788971,3262,5712,4422,6382,6093,0443,1453,9255,325

* 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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