Mitcon Consultancy & Engineering Services Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MITCON | Business Support | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Mitcon Consultancy

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Mitcon Consultancy & Engineering Services stock performance -

mw4me loader
P/E Ratio (SA):
29.95
Market Cap:
203.6 Cr.
52-wk low:
0
52-wk high:
0

Is Mitcon Consultancy & Engineering Services Ltd an attractive stock to invest in?

1. Is Mitcon Consultancy & Engineering Services Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mitcon Consultancy & Engineering Services Ltd is a below average quality company.

2. Is Mitcon Consultancy & Engineering Services Ltd undervalued or overvalued?

The key valuation ratios of Mitcon Consultancy & Engineering Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mitcon Consultancy & Engineering Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mitcon Consultancy & Engineering Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mitcon Consultancy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mitcon Consultancy & Engineering Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.5%7.9%6.2%4.7%4.4%6.2%-1.4%5.8%6.9%9.5%-
Value Creation
Index
-0.3-0.4-0.6-0.7-0.7-0.6-1.1-0.6-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 43.2454458.458.436.232.67744.570.155
Sales YoY Gr.-4%-2.1%32.6%-0.1%-38%-10.1%136.5%-42.2%57.4%-
Adj EPS 4.53.83.82.62.53.1-1.41.94.25.53.9
YoY Gr.--14.6%-1.6%-30.9%-3.5%22.4%-146.7%NA118.9%31.8%-
BVPS (₹) 69.672.475.876.878.177.475.977.78287.786.7
Adj Net
Profit
5.44.64.53.134.1-1.92.65.67.47
Cash Flow from Ops. 4.8-1725.65.911.12.65.3-615.711.6-
Debt/CF from Ops. 00000.82.71.5-1.40.71.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%3.7%29.1%57.4%
Adj EPS 2.4%17.1%NA31.8%
BVPS2.6%2.3%5%7%
Share Price - 23% 26.7% 25.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.45.353.43.24.1-1.92.55.26.54.4
Op. Profit
Mgn %
19.815.611.85.71.85.3-8.97.714.715.517.4
Net Profit
Mgn %
12.510.310.35.45.211.3-5.93.312.610.612.3
Debt to
Equity
00000.10.10.10.10.10.20.1
Working Cap
Days
22431633526337464150720634918396
Cash Conv.
Cycle
6157453012-585413203543

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.11%

Return on Equity has declined versus last 3 years average to 4.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -7.95%

Latest Financials - Mitcon Consultancy & Engineering Services Ltd.

Standalone Consolidated
TTM EPS (₹) 3.9 3.6
TTM Sales (₹ Cr.) 55.2 116
BVPS (₹.) 86.7 86.3
Reserves (₹ Cr.) 136 135
P/BV 1.33 1.33
PE 29.95 32.43
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 204
Equity (₹ Cr.) 17.7
Face Value (₹) 10
Industry PE 55.7

Management X-Ray of Mitcon Consultancy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mitcon Consultancy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales43454458583633774470
Operating Expenses 35383955573435723859
Manufacturing Costs222202411244826
Material Costs000000000-1
Employee Cost 13141412121213131517
Other Costs 20222223212110151517
Operating Profit 975312-35711
Operating Profit Margin (%) 19.7%15.6%11.8%5.7%1.8%5.1%-9.0%7.0%14.7%15.5%
Other Income 4434573234
Interest 0001111222
Depreciation 5423222122
Exceptional Items 0000000000
Profit Before Tax 876446-35610
Tax 221111-1213
Profit After Tax 554334-2268
PAT Margin (%) 12.4%10.2%10.0%4.8%5.4%11.2%-6.0%2.8%13.0%10.8%
Adjusted EPS (₹)4.43.83.72.32.63.0-1.51.64.35.7
Dividend Payout Ratio (%)23%26%27%43%39%7%-14%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8689929395104102104110118
Share Capital 12121212121313131313
Reserves 747780818290889197104
Minority Interest0000000000
Debt000097781017
Long Term Debt000097761014
Short Term Debt0000000103
Trade Payables4568812914610
Others Liabilities 56567613141517
Total Liabilities 96100103107118128131140141162

Fixed Assets

Gross Block45454445454550515150
Accumulated Depreciation16192123252727272122
Net Fixed Assets29262321201923243029
CWIP 0010000000
Investments 29307233855548081
Inventories0000061201
Trade Receivables16171716121612201620
Cash Equivalents 3814192591125448
Others Assets11331338544016351023
Total Assets 96100103107118128131140141162

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5-172661135-61612
PBT 876446-35610
Adjustment 2100-2-11212
Changes in Working Capital -1-212221113-1082
Tax Paid -4-3-20-2-24-21-3
Cash Flow From Investing Activity 15-5-192-3336-3-16-13
Capex -11-1-1-1-100-2-9-1
Net Investments 23-7-2124-16-7-1911-26-1
Others 333-21-161125-1218-11
Cash Flow From Financing Activity -1-1-1-27-5-1-106
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00009-21-134
Interest Paid 000-1-1-1-1-1-2-2
Dividend Paid -1-1-1-1-1-10000
Others 000000-11-14
Net Cash Flow 18-2456-15111-1005
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)6.475.374.943.063.354.09-1.92.125.416.66
ROCE (%)9.477.916.244.724.426.23-1.385.776.919.53
Asset Turnover Ratio0.460.460.440.560.520.290.250.570.320.46
PAT to CFO Conversion(x)1-3.46.523.670.75N/A-32.671.5
Working Capital Days
Receivable Days135134145103861411557615094
Inventory Days2100060409113
Payable Days000000000-3,846

Mitcon Consultancy & Engineering Services Ltd Stock News

Mitcon Consultancy & Engineering Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mitcon Consultancy on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Mitcon Consultancy stood at ₹203.6.
The latest P/E ratio of Mitcon Consultancy as of 01-Jan-1970 05:30 is 29.95.
The latest P/B ratio of Mitcon Consultancy as of 01-Jan-1970 05:30 is 1.33.
The 52-week high of Mitcon Consultancy is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mitcon Consultancy is ₹55.17 ( Cr.) .

About Mitcon Consultancy & Engineering Services Ltd

Mitcon Consultancy & Engineering Services Limited, established in 1982 in Pune, is a renowned Indian Technical Consulting Organization (TCO) offering One Stop Solutions for all technical, marketing & financial business requirements.?

The company is an ISO 9001:2015 Certified, SBTi?registered, NSE Listed Company - headquartered at Pune, India.

The company has successfully completed thousands of consulting assignments spread across hundreds of business verticals and have trained many individuals under various Government & Non-Government Skill Development & Entrepreneurship Programs with record 75% placements.

Business area of the company

The company provides to its client’s customized solutions, including Pre-investment Services, Pre-Contract Engineering, Post Contract Project Management, Post Commissioning Witnessing, and IT based training courses besides variety of skill based professional training programs. The company offers Comprehensive Business Services (Marketing, Financial & Technical), which enables you to make informed business decisions and achieve sustainable profitable sales growth. 

Milestones

  • 1982: Establlished as Maharashtra Technical Consultancy Organisation Limited MITCON,with the equity participation from leading financial institutions viz. ICICI IDBI,IFCI, Maharashtra State Corporations viz. SICOM, MIDC, MSSIDC, MSFC and 8 nationalised banks viz. State Bank Of India , Bank of India, Bank of Baroda, Union Bank of India, Bank of Maharashtra. It was a deemed Government company.
  • 1992-1995: MITCON also had the privilege of the working with USAID to build post-harvest capacity of Food Processing Industries in India in association with an international consulting organization Cemonics and ICICI.
  • 1995: Company changed the mode with the arrival of new Managing Director, Dr Pradeep Bavadekar who had 15 years exposure in manufacturing and marketing. With his induction, the menu was broadened and new talent was added to the workforce.
  • 1995-1996: MITCON changed its name as MITCON Consultancy Services Ltd. which continued till 2010. During this period, new consultancy area such as co-generation of power in sugar industry, consultancy to distillery, empanelment with banks to provide services in techno-economic viability studies and lender independent engineers. MITCON also invested more than Rs.1.5 crores in procuring instruments to equip its team of energy auditors.
  • 2002: Biotechnology, food processing labs for training the entrepreneurs as well as for incubating budding entrepreneurs were promoted with the support of Dept. of Science & Technology, Govt. of India, Asia Pacific Centre for Technology Transfer and Ministry of Food Processing Industries. Govt. of India .A dedicated lab for environment testing approved by Ministry of Environment and Forest , Govt. Of India also came in existence around 2004.
  • 2002: With the experience gained in Maharashtra Rural Credit Project during 1995-2000, MITCON started extensive training programs in IT under the brand name of MITON e-school. Subsequently, this arm was associated with Maharashtra Knowledge Corporation Ltd., (MKCL) to provide training in MS- CIT pan Maharashtra.
  • 2005-2010: MITCON remained at the forefront in facilitating grant-in-aids from Govt. of India to the state of Maharashtra, for developing various industrial infrastructure projects such as Growth centres, Food parks, modernization of abattoirs or development of common facility centres in industrial clusters.
  • 2010-2014: MITCON remained at the forefront in facilitating grant-in-aids from Govt. of India to the state of Maharashtra, for developing various industrial infrastructure projects such as Growth centres, Food parks, modernization of abattoirs or development of common facility centres in industrial clusters.
  • 2014: The proceeds were deployed for upgradation of office and IT infrastructure in Bangalore, Chennai, Ahmedabad, Nagpur, Mumbai and Delhi. The offices became fully functional by 2014.
  • 2018: Having seen the developments in the market, MITCON has promoted its own IPE in 2018 (Insolvency Professional Entity approved by IBBI).
  • 2021: Mr. Anand Chalwade was Appointed as the New CEO of Mitcon Consultancy and Engineering Limited.
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