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
Proven track record second-rate dividend payer.
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.
7 Day Return
IN Professional Services
1 Year Return
IN Professional Services
Return vs Industry: MITCON exceeded the Indian Professional Services industry which returned -5.7% over the past year.
Return vs Market: MITCON underperformed the Indian Market which returned 4.3% over the past year.
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
4 weeks ago | Simply Wall StDoes It Make Sense To Buy MITCON Consultancy & Engineering Services Limited (NSE:MITCON) For Its Yield?
3 months ago | Simply Wall StWhat Kind Of Shareholder Owns Most MITCON Consultancy & Engineering Services Limited (NSE:MITCON) Stock?
5 months ago | Simply Wall StIs MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) 2.5% Dividend Sustainable?
Is MITCON Consultancy & Engineering Services undervalued compared to its fair value and its price relative to the market?
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 (16.4x).
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 (1x).
How is MITCON Consultancy & Engineering Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Check out MITCON Consultancy & Engineering Services's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- MITCON Consultancy & Engineering Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
How has MITCON Consultancy & Engineering Services performed over the past 5 years?
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.
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).
What is MITCON Consultancy & Engineering Services's current dividend yield, its reliability and sustainability?
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 (0.55%).
High Dividend: MITCON's dividend (2.7%) is in the top 25% of dividend payers in the Indian market (2.23%)
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pradeep Bavadekar (64 yo)
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 ($USD119.65K) is above average for companies of similar size in the Indian market ($USD48.91K).
Compensation vs Earnings: Pradeep's compensation has been consistent with company performance over the past year.
|MD & Director||25.67yrs||₹8.80m||4.35% |
|Chief Financial Officer||6.33yrs||₹862.42k||0.33% |
|Assistant Vice President of Purchase & Legal||no data||₹458.33k||no data|
|Company Secretary & Compliance Officer||2yrs||no data||no data|
|Assistant Vice President of HR||no data||₹458.33k||no data|
|Senior Vice President of Power Division||no data||₹2.41m||no data|
|Senior Vice President of Training & Entrepreneurship Division||18.25yrs||₹867.84k||no data|
|Senior Vice President of Energy & Carbon Services Division||no data||₹1.45m||no data|
|Executive Vice President of Project Management Consultancy||no data||₹507.14k||no data|
|Executive Vice President of Corporate Business - Mumbai||7.92yrs||₹531.61k||no data|
|Executive Vice President of Clusters-Infra||no data||no data||no data|
|Senior Vice President of Securitization and Financial Restructuring Division||no data||no data||no data|
Experienced Management: MITCON's management team is seasoned and experienced (7.9 years average tenure).
|MD & Director||25.67yrs||₹8.80m||4.35% |
|Independent Chairman||2.42yrs||₹120.00k||no data|
|Non-Executive-Independent Woman Director||5.58yrs||₹190.00k||no data|
|Additional Director||no data||no data||no data|
|Non-Executive & Non-Independent Director||1.5yrs||₹30.00k||1.83% |
|Non-Executive & Non-Independent Director||1.5yrs||₹30.00k||1.59% |
|Non-Executive-Independent Director||2yrs||no data||no data|
Experienced Board: MITCON's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MITCON Consultancy & Engineering Services Limited's company bio, employee growth, exchange listings and data sources
- 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
- MITCON Consultancy & Engineering Services Limited
- Kubera Chambers
- 1st Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MITCON||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Oct 2017|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/21 19:19|
|End of Day Share Price||2020/08/19 00:00|