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Last Updated on: 20 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mitcon Consultancy & Engineering Services Ltd

About the Company - Mitcon Consultancy & Engineering Services Ltd

MITCON Consultancy & Engineering Services Ltd. is a Public Limited Listed company incorporated on 16/04/1982 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74140PN1982PLC026933 and registration number is 026933. Currently company belongs to the Industry of Infrastructure - General. Company’s Total Operating Revenue is Rs. 76.97 Cr. and Equity Capital is Rs. 13.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Infrastructure - GeneralKubera Chambers, 1st Floor, Pune Maharashtra 411005cs@mitconindia.com
http://www.mitconindia.com
Management
NamePosition Held
Mr. Ajay AgarwalChairman, Non Ind & Non Exe Director
Mr. Anand ChalwadeManaging Director
Mr. Sudarshan MohattaNon Exe.Non Ind.Director
Dr. Pradeep BavadekarNon Exe.Non Ind.Director
Mr. Sanjay PhadkeInd. Non-Executive Director
Ms. Gayatri Chaitanya ChinthapalliInd. Non-Executive Director
Mrs. Archana LakheInd. Non-Executive Woman Director

Basic Stock Data of Mitcon Consultancy & Engineering Services Ltd

Last Updated: May 20, 2024, 12:14 am

Market Cap 182 Cr.
Current Price 135
High / Low161/66.5
Stock P/E49.0
Book Value 79.0
Dividend Yield0.00 %
ROCE5.35 %
ROE4.37 %
Face Value 10.0
PEG Ratio2.97

Data Source: screener.in

Competitors of Mitcon Consultancy & Engineering Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Power & Instrumentation (Gujarat) Ltd 99.2 Cr. 78.687.0/36.222.4 37.50.25 %11.9 %9.15 % 10.0
Rudrabhishek Enterprises Ltd 336 Cr. 194239/16025.3 67.10.00 %16.2 %12.2 % 10.0
Artefact Projects Ltd 62.2 Cr. 85.4111/45.610.5 81.00.00 %9.71 %7.28 % 10.0
Transwind Infrastructures Ltd 16.7 Cr. 24.939.9/6.0045.0 23.10.00 %5.23 %3.32 % 10.0
Gayatri Highways Ltd 30.1 Cr. 1.331.55/0.55 63.00.00 %1.04 %% 2.00
Industry Average108.84 Cr76.8520.6454.340.05%8.82%6.39%8.40

Mitcon Consultancy & Engineering Services Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales20.1616.3943.9017.5628.6518.7517.6919.2327.9829.5535.7624.15
Expenses18.0813.5139.3414.8522.6716.0013.4614.9023.4422.2228.6217.95
Operating Profit2.082.884.562.715.982.754.234.334.547.337.146.20
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%
Other Income0.750.460.24-0.060.620.970.410.420.300.500.480.52
Interest2.301.792.342.221.931.902.392.682.592.573.052.93
Depreciation1.171.311.461.281.271.411.481.531.641.741.712.06
Profit before tax-0.640.241.00-0.853.400.410.770.540.613.522.861.73
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%
Net Profit0.130.32-0.270.540.890.552.890.290.651.640.800.70
EPS in Rs-0.230.25-0.831.720.02-0.102.150.370.721.160.820.77

Last Updated: May 5, 2024, 10:09 pm

Mitcon Consultancy & Engineering Services Ltd Quarterly Chart

Mitcon Consultancy & Engineering Services Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales445836616210683113
Expenses3955354752906789
Operating Profit531149161623
OPM %12%6%1%23%15%15%19%21%
Other Income34432122
Interest0108881011
Depreciation23265567
Profit before tax6423-2428
Tax %20%21%27%15%37%60%-63%
Net Profit3-002-1143
EPS in Rs2.42-0.120.091.43-1.510.793.153.07
Dividend Payout %41%-807%1,100%14%-13%25%0%

Mitcon Consultancy & Engineering Services Ltd Profit & Loss Yearly Chart

Mitcon Consultancy & Engineering Services Ltd Growth

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:22%
3 Years:52%
1 Year:94%
Return on Equity
10 Years:%
5 Years:1%
3 Years:1%
Last Year:4%

Last Updated: May 18, 2024, 10:49 am

Mitcon Consultancy & Engineering Services Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1212121313131313
Reserves7876758175808893
Preference Capital0000056
Borrowings0046688383109127
Other Liabilities1114172827393741
Total Liabilities101102149191199215248274
Fixed Assets2321109106110118129162
CWIP10000110
Investments29215483031
Other Assets4979397985888881
Total Assets101102149191199215248274

Mitcon Consultancy & Engineering Services Ltd Reserves and Borrowings Chart

Mitcon Consultancy & Engineering Services Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2668-1519-230
Cash from Investing Activity -192-63-5-6-5-34
Cash from Financing Activity -1-24221-0-416
Net Cash Flow56-14112-1112

Mitcon Consultancy & Engineering Services Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days14597172221201125188
Inventory Days
Days Payable
Cash Conversion Cycle14597172221201125188
Working Capital Days1495679187167164153
ROCE %5%2%7%3%7%5%

Mitcon Consultancy & Engineering Services Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Mitcon Consultancy & Engineering Services Ltd ROCE Trend

Mitcon Consultancy & Engineering Services Ltd EPS Trend

Mitcon Consultancy & Engineering Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.271.12-1.341.482.59
Diluted EPS (Rs.)3.271.12-1.341.482.58
Cash EPS (Rs.)7.345.082.776.084.13
Book Value[Excl.RevalReserv]/Share (Rs.)84.4376.0874.1976.2678.10
Book Value[Incl.RevalReserv]/Share (Rs.)84.4376.0874.1976.2678.10
Revenue From Operations / Share (Rs.)62.3379.3545.2245.3648.22
PBDIT / Share (Rs.)13.3912.978.1412.474.99
PBIT / Share (Rs.)8.879.004.498.163.45
PBT / Share (Rs.)1.742.82-1.252.093.15
Net Profit / Share (Rs.)2.831.12-0.871.772.59
NP After MI And SOA / Share (Rs.)3.150.79-1.341.432.59
PBDIT Margin (%)21.4816.3318.0027.4810.34
PBIT Margin (%)14.2311.349.9317.987.15
PBT Margin (%)2.783.55-2.764.616.54
Net Profit Margin (%)4.531.40-1.933.905.37
NP After MI And SOA Margin (%)5.050.99-2.963.145.37
Return on Networth / Equity (%)4.151.14-1.972.033.31
Return on Capital Employeed (%)5.526.713.526.543.93
Return On Assets (%)1.700.49-0.910.992.65
Long Term Debt / Equity (X)0.890.670.750.650.09
Total Debt / Equity (X)0.950.820.750.650.09
Asset Turnover Ratio (%)0.430.450.190.290.53
Current Ratio (X)2.162.132.882.712.40
Quick Ratio (X)2.102.042.812.442.40
Dividend Payout Ratio (NP) (%)0.000.00-13.7263.1138.60
Dividend Payout Ratio (CP) (%)0.000.007.9815.7224.23
Earning Retention Ratio (%)0.000.00113.7236.8961.40
Cash Earning Retention Ratio (%)0.000.0092.0284.2875.77
Interest Coverage Ratio (X)1.882.101.422.0511.61
Interest Coverage Ratio (Post Tax) (X)1.401.180.841.296.72
Enterprise Value (Cr.)178.87206.53105.00111.9159.89
EV / Net Operating Revenue (X)2.141.941.731.841.03
EV / EBITDA (X)9.9511.879.616.699.92
MarketCap / Net Operating Revenue (X)1.071.140.900.871.04
Retention Ratios (%)0.000.00113.7236.8861.39
Price / BV (X)0.871.310.600.560.64
Price / Net Operating Revenue (X)1.071.140.900.871.04
EarningsYield0.040.01-0.030.030.05

Mitcon Consultancy & Engineering Services Ltd Profitability Ratios (%)

Mitcon Consultancy & Engineering Services Ltd Liquidity Ratios

Mitcon Consultancy & Engineering Services Ltd Liquidity Ratios (%)

Mitcon Consultancy & Engineering Services Ltd Interest Coverage Ratios (%)

Mitcon Consultancy & Engineering Services Ltd Valuation Ratios

Fair Value

Fair Value: ₹172.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 27.81% compared to the current price ₹135

Default values used*: Deafault value of 2% for Dividend Yield is used

Intrinsic Value: ₹201.03

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 48.91% compared to the current price ₹135

Default values used*: Deafault value of 2% for Dividend Yield is used

Last 5 Year EPS CAGR: 16.51%

*Investments are subject to market risks

Strength and Weakness of Mitcon Consultancy & Engineering Services Ltd Stock

StrengthWeakness
  1. The company has higher reserves (80.75 cr) compared to borrowings (1.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (70.38 cr) and profit (3.38 cr) over the years.
  1. The stock has a low average ROCE of 4.14%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 136.43, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 164.14, which may not be favorable.

FAQ

What is the latest fair value of Mitcon Consultancy & Engineering Services Ltd?

The latest fair value of Mitcon Consultancy & Engineering Services Ltd is ₹172.55.

What is the Market Cap of Mitcon Consultancy & Engineering Services Ltd?

The Market Cap of Mitcon Consultancy & Engineering Services Ltd is 182 Cr..

What is the current Stock Price of Mitcon Consultancy & Engineering Services Ltd as on 20 May 2024?

The current stock price of Mitcon Consultancy & Engineering Services Ltd as on 20 May 2024 is 135.

What is the High / Low of Mitcon Consultancy & Engineering Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mitcon Consultancy & Engineering Services Ltd stocks is ₹161/66.5.

What is the Stock P/E of Mitcon Consultancy & Engineering Services Ltd?

The Stock P/E of Mitcon Consultancy & Engineering Services Ltd is 49.0.

What is the Book Value of Mitcon Consultancy & Engineering Services Ltd?

The Book Value of Mitcon Consultancy & Engineering Services Ltd is 79.0.

What is the Dividend Yield of Mitcon Consultancy & Engineering Services Ltd?

The Dividend Yield of Mitcon Consultancy & Engineering Services Ltd is 0.00 %.

What is the ROCE of Mitcon Consultancy & Engineering Services Ltd?

The ROCE of Mitcon Consultancy & Engineering Services Ltd is 5.35 %.

What is the ROE of Mitcon Consultancy & Engineering Services Ltd?

The ROE of Mitcon Consultancy & Engineering Services Ltd is 4.37 %.

What is the Face Value of Mitcon Consultancy & Engineering Services Ltd?

The Face Value of Mitcon Consultancy & Engineering Services Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mitcon Consultancy & Engineering Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE