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

₹ 131 0.55%
04 Jul 3:32 p.m.
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 ₹ 231 Cr.
  • Current Price ₹ 131
  • High / Low ₹ 161 / 58.5
  • Stock P/E 43.3
  • Book Value ₹ 65.3
  • Dividend Yield 0.00 %
  • ROCE 9.45 %
  • ROE 4.90 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 155% CAGR over last 5 years
  • Company's working capital requirements have reduced from 143 days to 113 days

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 3.59% over last 3 years.
  • Contingent liabilities of Rs.103 Cr.
  • Company has high debtors of 156 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

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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 Mar 2024
20.16 16.39 43.90 17.56 28.65 18.75 17.69 19.23 27.98 29.55 35.76 24.15 39.96
18.08 13.51 39.34 14.85 22.67 16.00 13.46 14.90 23.45 22.22 28.62 17.95 32.79
Operating Profit 2.08 2.88 4.56 2.71 5.98 2.75 4.23 4.33 4.53 7.33 7.14 6.20 7.17
OPM % 10.32% 17.57% 10.39% 15.43% 20.87% 14.67% 23.91% 22.52% 16.19% 24.81% 19.97% 25.67% 17.94%
0.75 0.46 0.24 -0.06 0.62 0.97 0.41 0.42 0.90 0.50 0.48 0.52 2.38
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 5.62
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 2.22
Profit before tax -0.64 0.24 1.00 -0.85 3.40 0.41 0.77 0.54 1.20 3.52 2.86 1.73 1.71
Tax % 120.31% -33.33% 127.00% 164.71% 73.82% -36.59% -276.62% 46.30% 45.83% 53.41% 72.38% 59.54% -45.03%
0.13 0.32 -0.27 0.54 0.89 0.55 2.89 0.29 0.65 1.64 0.80 0.70 2.49
EPS in Rs -0.18 0.19 -0.63 1.31 0.02 -0.08 1.63 0.28 0.55 0.88 0.62 0.59 0.93
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 Mar 2024
44 58 36 61 62 106 83 129
39 55 35 47 52 90 67 101
Operating Profit 5 3 1 14 9 16 16 28
OPM % 12% 6% 1% 23% 15% 15% 19% 22%
3 4 4 3 2 1 2 4
Interest 0 1 0 8 8 8 10 14
Depreciation 2 3 2 6 5 5 6 8
Profit before tax 6 4 2 3 -2 4 2 10
Tax % 20% 21% 27% 15% 37% 60% -63% 43%
3 -0 0 2 -1 1 4 6
EPS in Rs 1.84 -0.09 0.07 1.08 -1.15 0.60 2.39 3.01
Dividend Payout % 41% -807% 1,100% 14% -13% 25% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 28%
TTM: 56%
Compounded Profit Growth
10 Years: %
5 Years: 155%
3 Years: 78%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 61%
1 Year: 104%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 4%
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
Equity Capital 12 12 12 13 13 13 13 13
Reserves 78 76 75 81 75 80 88 102
Preference Capital 0 0 0 0 0 5 6
0 0 46 68 83 83 109 144
11 14 17 28 27 39 37 52
Total Liabilities 101 102 149 191 199 215 248 312
23 21 109 106 110 118 129 158
CWIP 1 0 0 0 0 1 1 8
Investments 29 2 1 5 4 8 30 40
49 79 39 79 85 88 88 106
Total Assets 101 102 149 191 199 215 248 312

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
26 6 8 -15 19 -2 30 24
-19 2 -63 -5 -6 -5 -34 -42
-1 -2 42 21 -0 -4 16 13
Net Cash Flow 5 6 -14 1 12 -11 12 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 145 97 172 221 201 125 188 156
Inventory Days 52
Days Payable 92
Cash Conversion Cycle 145 97 172 221 201 125 188 117
Working Capital Days 149 56 79 187 167 164 153 113
ROCE % 5% 2% 7% 3% 7% 5%

Shareholding Pattern

Numbers in percentages

2 Recently
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.

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