NSEI:MITCON

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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. More Details


Snowflake Analysis

Proven track record second-rate 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

Stable Share Price: MITCON has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MITCON

-9.3%

IN Professional Services

-6.5%

IN Market


1 Year Return

-2.6%

MITCON

-17.8%

IN Professional Services

-4.4%

IN Market

Return vs Industry: MITCON exceeded the Indian Professional Services industry which returned -14.4% over the past year.

Return vs Market: MITCON underperformed the Indian Market which returned -0.8% over the past year.


Shareholder returns

MITCONIndustryMarket
7 Day0%-9.3%-6.5%
30 Day0%-3.1%-5.9%
90 Dayn/a5.8%4.2%
1 Year-2.6%-2.6%-16.2%-17.8%-2.6%-4.4%
3 Yearn/a-38.4%-38.4%-0.03%-4.8%
5 Yearn/a-43.7%-43.9%35.4%25.4%

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?

25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MITCON (₹37) is trading above our estimate of fair value (₹7.22)

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 (25x) compared to the IN Professional Services industry average (15.1x).

PE vs Market: MITCON is poor value based on its PE Ratio (25x) compared to the Indian market (16x).


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 (0.5x) 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?

23.3%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MITCON Consultancy & Engineering Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-42.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MITCON has high quality earnings.

Growing Profit Margin: MITCON's current net profit margins (3.1%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: MITCON's earnings have declined by 42.2% per year over the past 5 years.

Accelerating Growth: MITCON's earnings growth over the past year (1735.3%) exceeds its 5-year average (-42.2% per year).

Earnings vs Industry: MITCON earnings growth over the past year (1735.3%) exceeded the Professional Services industry 17.3%.


Return on Equity

High ROE: MITCON's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: MITCON's short term assets (₹677.4M) exceed its short term liabilities (₹250.1M).

Long Term Liabilities: MITCON's short term assets (₹677.4M) exceed its long term liabilities (₹649.1M).


Debt to Equity History and Analysis

Debt Level: MITCON's debt to equity ratio (60.5%) 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 operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MITCON's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MITCON's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Indian market (0.58%).

High Dividend: MITCON's dividend (2.7%) is in the top 25% of dividend payers in the Indian market (2.37%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MITCON has been paying a dividend for less than 10 years.

Growing Dividend: MITCON has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.6%), MITCON's dividend payments are 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

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Pradeep Bavadekar (64 yo)

25.67yrs

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: Pradeep's total compensation ($USD119.54K) is above average for companies of similar size in the Indian market ($USD48.94K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Pradeep Bavadekar
MD & Director25.67yrs₹8.80m4.35%
₹ 19.5m
Ram Mapari
Chief Financial Officer6.33yrs₹862.42k0.33%
₹ 1.5m
Vasant Todkar
Assistant Vice President of Purchase & Legalno data₹458.33kno data
Ankita Agarwal
Company Secretary & Compliance Officer2yrsno datano data
Shailesh Borwankar
Assistant Vice President of HR no data₹458.33kno data
Sunil Natu
Senior Vice President of Power Divisionno data₹2.41mno data
Chandrashekhar Bhosle
Senior Vice President of Training & Entrepreneurship Division18.25yrs₹867.84kno data
Deepak Zade
Senior Vice President of Energy & Carbon Services Divisionno data₹1.45mno data
Prasad Pawar
Executive Vice President of Project Management Consultancyno data₹507.14kno data
Manish Kanojia
Executive Vice President of Corporate Business - Mumbai7.92yrs₹531.61kno data
Aniruddha Kadam
Executive Vice President of Clusters-Infrano datano datano data
Sanjeev Phanasgaonkar
Senior Vice President of Securitization and Financial Restructuring Divisionno datano datano data

7.9yrs

Average Tenure

Experienced Management: MITCON's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pradeep Bavadekar
MD & Director25.67yrs₹8.80m4.35%
₹ 19.5m
Jagannath Dange
Independent Chairman2.42yrs₹120.00kno data
Archana Lakhe
Non-Executive-Independent Woman Director5.58yrs₹190.00kno data
Ashok Agarwal
Additional Directorno datano datano data
Ajay Agarwal
Non-Executive & Non-Independent Director1.5yrs₹30.00k1.83%
₹ 8.2m
Anand Chalwade
Non-Executive & Non-Independent Director1.5yrs₹30.00k1.59%
₹ 7.1m
Sanjay Phadke
Non-Executive-Independent Director2yrsno datano data

2.0yrs

Average Tenure

64yo

Average Age

Experienced Board: MITCON's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹447.700m
  • 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 Analysis2020/09/24 19:24
End of Day Share Price2020/08/19 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.