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.

Risks

  • MITCON Consultancy & Engineering Services has significant price volatility in the past 3 months.
  • MITCON Consultancy & Engineering Services is not covered by any analysts.

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

4.9%

MITCON

1.1%

IN Professional Services

2.0%

IN Market


1 Year Return

-38.1%

MITCON

-13.4%

IN Professional Services

-6.1%

IN Market

MITCON underperformed the Professional Services industry which returned -13.4% over the past year.

MITCON underperformed the Market in India which returned -6.1% over the past year.


Share holder returns

MITCONIndustryMarket
7 Day4.9%1.1%2.0%
30 Day5.7%5.4%6.1%
90 Day-24.6%-8.3%-3.9%
1 Year-38.1%-38.1%-12.5%-13.4%-4.3%-6.1%
3 Yearn/a51.0%48.7%20.7%14.6%
5 Yearn/a-42.2%-42.3%41.3%28.0%

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

1 month ago | Simply Wall St

Are Dividend Investors Getting More Than They Bargained For With MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Dividend?

Valuation

Is MITCON Consultancy & Engineering Services undervalued based on future cash flows and its price relative to the stock market?

410.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

MITCON Consultancy & Engineering Services's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

MITCON Consultancy & Engineering Services's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

MITCON Consultancy & Engineering Services is overvalued based on earnings compared to the IN Professional Services industry average.

MITCON Consultancy & Engineering Services is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MITCON Consultancy & Engineering Services, we can't assess if its growth is good value.


Price Based on Value of Assets

MITCON Consultancy & Engineering Services is good value based on assets compared to the IN Professional Services industry average.


Next Steps

Future Growth

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

35.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if MITCON Consultancy & Engineering Services is high growth as no revenue estimate data is available.

MITCON Consultancy & Engineering Services's earnings are expected to grow significantly at over 20% yearly.

Unable to compare MITCON Consultancy & Engineering Services's revenue growth to the India market average as no estimate data is available.

MITCON Consultancy & Engineering Services's earnings growth is expected to exceed the India market average.

MITCON Consultancy & Engineering Services's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if MITCON Consultancy & Engineering Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

MITCON Consultancy & Engineering Services's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

MITCON Consultancy & Engineering Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

MITCON Consultancy & Engineering Services has become profitable in the last year making it difficult to compare the IN Professional Services industry average.


Return on Equity

MITCON Consultancy & Engineering Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

It is difficult to establish if MITCON Consultancy & Engineering Services has efficiently used its assets last year compared to the IN Professional Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if MITCON Consultancy & Engineering Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

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


Financial Position Analysis

MITCON Consultancy & Engineering Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MITCON Consultancy & Engineering Services's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

MITCON Consultancy & Engineering Services's level of debt (52.4%) compared to net worth is high (greater than 40%).

Unable to establish if MITCON Consultancy & Engineering Services's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (16.5%, less than 20% of total debt).

Unable to confirm if the interest payments on MITCON Consultancy & Engineering Services's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

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?

2.76%

Current Dividend Yield


Dividend Yield and Payments Analysis

MITCON Consultancy & Engineering Services's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

MITCON Consultancy & Engineering Services's dividend is above the markets top 25% of dividend payers in India (2.34%).

It is too early to tell whether MITCON Consultancy & Engineering Services has stable dividend payments.

MITCON Consultancy & Engineering Services only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

6.9yrs

Average management tenure


CEO

Pradeep Bavadekar (63yo)

24.7yrs

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

Pradeep's remuneration is higher than average for companies of similar size in India.

Pradeep's compensation has increased in line with MITCON Consultancy & Engineering Services recently becoming profitable.


Management Age and Tenure

6.9yrs

Average Tenure

The average tenure for the MITCON Consultancy & Engineering Services management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.0yrs

Average Tenure

63yo

Average Age

The average tenure for the MITCON Consultancy & Engineering Services board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by MITCON Consultancy & Engineering Services individual insiders 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
Sell₹1,995,94615 Apr 19
Florem Multiventures Private Limited
EntityCompany
Shares40,000
Max Price₹49.90
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
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

Ownership Breakdown


Management Team

  • Ankita Agarwal

    Company Secretary & Compliance Officer

    • Tenure: 1yrs
  • Pradeep Bavadekar (63yo)

    MD & Director

    • Tenure: 24.7yrs
    • Compensation: ₹8.80m
  • Ram Mapari (54yo)

    Chief Financial Officer

    • Tenure: 5.3yrs
    • 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: 6.9yrs
    • Compensation: ₹531.61k

Board Members

  • Pradeep Bavadekar (63yo)

    MD & Director

    • Tenure: 24.7yrs
    • Compensation: ₹8.80m
  • Jagannath Dange (68yo)

    Chairman

    • Tenure: 1.4yrs
    • Compensation: ₹120.00k
  • Archana Lakhe (54yo)

    Non-Executive-Independent Woman Director

    • Tenure: 4.6yrs
    • Compensation: ₹190.00k
  • Ajay Agarwal

    Non-Executive & Non-Independent Director

    • Tenure: 0.5yrs
    • Compensation: ₹30.00k
  • Anand Chalwade

    Non-Executive & Non-Independent Director

    • Tenure: 0.5yrs
    • Compensation: ₹30.00k
  • Sanjay Phadke

    Non-Executive-Independent Director

    • Tenure: 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: ₹438.020m
  • 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 Analysis2019/09/22 12:55
End of Day Share Price2019/09/16 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.