NSEI:MITCON

Stock Analysis Report

MITCON Consultancy & Engineering Services

Executive Summary

MITCON Consultancy & Engineering Services Limited provides consultancy and engineering services for small and medium enterprises, corporates, banks, financial institutions, and government organizations in India.

Snowflake

Fundamentals

Moderate growth potential unattractive dividend payer.


Similar Companies

Share Price & News

How has MITCON Consultancy & Engineering Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MITCON

2.6%

IN Professional Services

3.3%

IN Market


1 Year Return

-16.2%

MITCON

1.0%

IN Professional Services

7.1%

IN Market

Return vs Industry: MITCON underperformed the Indian Professional Services industry which returned 1% over the past year.

Return vs Market: MITCON underperformed the Indian Market which returned 7.1% over the past year.


Shareholder returns

MITCONIndustryMarket
7 Day0%2.6%3.3%
30 Day13.3%3.7%2.9%
90 Day20.6%10.0%3.1%
1 Year-16.2%-16.2%2.2%1.0%9.4%7.1%
3 Yearn/a52.1%49.8%22.7%16.4%
5 Yearn/a-28.5%-29.0%44.0%30.4%

Price Volatility Vs. Market

How volatile is MITCON Consultancy & Engineering Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MITCON Consultancy & Engineering Services undervalued compared to its fair value and its price relative to the market?

464.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MITCON (₹41) is trading above our estimate of fair value (₹6.9)

Significantly Below Fair Value: MITCON is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MITCON is poor value based on its PE Ratio (464.4x) compared to the Professional Services industry average (11.1x).

PE vs Market: MITCON is poor value based on its PE Ratio (464.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MITCON's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MITCON is good value based on its PB Ratio (0.6x) compared to the IN Professional Services industry average (0.9x).


Next Steps

Future Growth

How is MITCON Consultancy & Engineering Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MITCON's forecast earnings growth (35.8% per year) is above the savings rate (7.6%).

Earnings vs Market: MITCON's earnings (35.8% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MITCON's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if MITCON's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MITCON's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MITCON Consultancy & Engineering Services performed over the past 5 years?

-34.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MITCON's earnings have declined by -34.6% per year over the past 5 years.

Accelerating Growth: MITCON has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MITCON has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (17.3%).


Return on Equity

High ROE: MITCON's Return on Equity (0.1%) is considered low.


Return on Assets

ROA vs Industry: MITCON's Return on Assets is below or equal to the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: MITCON is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is MITCON Consultancy & Engineering Services's financial position?


Financial Position Analysis

Short Term Liabilities: MITCON's short term assets (₹348.2M) exceeds its short term liabilities (₹162.1M)

Long Term Liabilities: MITCON's short term assets (348.2M) do not cover its long term liabilities (470.7M)


Debt to Equity History and Analysis

Debt Level: MITCON's debt to equity ratio (52.4%) is considered high

Reducing Debt: Insufficient data to determine if MITCON's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MITCON's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: Insufficient data to determine if MITCON's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: MITCON has a high level of physical assets or inventory.

Debt Coverage by Assets: MITCON's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

What is MITCON Consultancy & Engineering Services's current dividend yield, its reliability and sustainability?

2.44%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%0.6%markettop25%2.4%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MITCON's dividend (2.44%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: MITCON's dividend (2.44%) is in the top 25% of dividend payers in the Indian market (2.42%)

Stable Dividend: Too early to tell whether MITCON's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MITCON's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1132.7%), MITCON's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of MITCON Consultancy & Engineering Services's salary, the management and board of directors tenure and is there insider trading?

7.0yrs

Average management tenure


CEO

Pradeep Bavadekar (63yo)

24.8yrs

Tenure

₹8,798,913

Compensation

Dr. Pradeep Bavadekar has been the Managing Director at MITCON Consultancy & Engineering Services Limited since 1995 and serves as its Director. Dr. Bavadekar served as Managing Director at Mega Fibre Priv ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Pradeep's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Pradeep's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.0yrs

Average Tenure

Experienced Management: MITCON's management team is seasoned and experienced (7 years average tenure).


Board Age and Tenure

1.1yrs

Average Tenure

63yo

Average Age

Experienced Board: MITCON's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: MITCON insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹1,019,99905 Sep 19
Ajay Agarwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares30,000
Max Price₹34.00
Buy₹543,99903 Sep 19
Ajita Agarwal
EntityIndividual
Shares16,000
Max Price₹34.00
Buy₹2,107,99603 Sep 19
Ajay Agarwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares62,000
Max Price₹34.00
Buy₹140,20005 Aug 19
Ajita Agarwal
EntityIndividual
Shares4,000
Max Price₹35.05
Buy₹699,99903 Aug 19
Ajay Agarwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares20,000
Max Price₹35.00
Buy₹1,123,69829 Jul 19
Ajay Agarwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares32,000
Max Price₹35.12
Buy₹1,708,19915 Apr 19
Ajita Agarwal
EntityIndividual
Shares34,000
Max Price₹50.24
Buy₹2,071,69815 Apr 19
Anand Chalwade
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares40,000
Max Price₹51.79
Buy₹1,568,26815 Apr 19
Ajay Agarwal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive & Non-Independent Director
Shares32,000
Max Price₹49.76
Sell₹1,995,94615 Apr 19
Florem Multiventures Private Limited
EntityCompany
Shares40,000
Max Price₹49.90

Ownership Breakdown


Management Team

  • Ankita Agarwal

    Company Secretary & Compliance Officer

    • Tenure: 1.1yrs
  • Pradeep Bavadekar (63yo)

    MD & Director

    • Tenure: 24.8yrs
    • Compensation: ₹8.80m
  • Ram Mapari (54yo)

    Chief Financial Officer

    • Tenure: 5.4yrs
    • Compensation: ₹862.42k
  • Shailesh Borwankar

    Assistant Vice President of HR

    • Tenure: 0yrs
    • Compensation: ₹458.33k
  • Sunil Natu

    Senior Vice President of Power Division

    • Tenure: 0yrs
    • Compensation: ₹2.41m
  • Chandrashekhar Bhosle

    Senior Vice President of Training & Entrepreneurship Division

    • Tenure: 17.3yrs
    • Compensation: ₹867.84k
  • Deepak Zade

    Senior Vice President of Energy & Carbon Services Division

    • Tenure: 0yrs
    • Compensation: ₹1.45m
  • Prasad Pawar

    Executive Vice President of Project Management Consultancy

    • Tenure: 0yrs
    • Compensation: ₹507.14k
  • Vasant Todkar

    Assistant Vice President of Purchase & Legal

    • Tenure: 0yrs
    • Compensation: ₹458.33k
  • Manish Kanojia

    Executive Vice President of Corporate Business - Mumbai

    • Tenure: 7yrs
    • Compensation: ₹531.61k

Board Members

  • Pradeep Bavadekar (63yo)

    MD & Director

    • Tenure: 24.8yrs
    • Compensation: ₹8.80m
  • Jagannath Dange (68yo)

    Independent Chairman

    • Tenure: 1.5yrs
    • Compensation: ₹120.00k
  • Archana Lakhe (54yo)

    Non-Executive-Independent Woman Director

    • Tenure: 4.7yrs
    • Compensation: ₹190.00k
  • Ajay Agarwal

    Non-Executive & Non-Independent Director

    • Tenure: 0.6yrs
    • Compensation: ₹30.00k
  • Anand Chalwade

    Non-Executive & Non-Independent Director

    • Tenure: 0.6yrs
    • Compensation: ₹30.00k
  • Sanjay Phadke

    Non-Executive-Independent Director

    • Tenure: 1.1yrs

Company Information

MITCON Consultancy & Engineering Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MITCON Consultancy & Engineering Services Limited
  • Ticker: MITCON
  • Exchange: NSEI
  • Founded: 1982
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: ₹496.100m
  • Shares outstanding: 12.10m
  • Website: https://www.mitconindia.com

Number of Employees


Location

  • MITCON Consultancy & Engineering Services Limited
  • Kubera Chambers
  • 1st Floor
  • Pune
  • Maharashtra
  • 411005
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MITCONNSEI (National Stock Exchange of India)YesEquity SharesININROct 2017

Biography

MITCON Consultancy & Engineering Services Limited provides consultancy and engineering services for small and medium enterprises, corporates, banks, financial institutions, and government organizations in  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:52
End of Day Share Price2019/10/10 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.