Mitcon Consultancy & Engineering Services Ltd.

•

mitconindia.comBSE: -NSE: MITCON

Market Cap₹ 140 Cr.

Current Price

High / Low₹ 92 / 50

Stock P/E28.5

Book Value₹ 92

Price to Book0.78

Dividend Yield0.00 %

ROCE7.7 %

ROE4.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Consultancy and Training: 69.0% • Project Services: 30.3% • Wind Power Generation: 0.7%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Operating margins have improved to 17.1% from 10.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.37x)
Company maintains a comfortable, low leverage position
Attractively priced for its growth - PEG of 0.8

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (60.6% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 5.5% over last 3 years
Company has a low return on capital employed of 8.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesBusiness Support

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PFOCUS	310.60	209.28	24188.72	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.15	21.28	21136.20	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	-116.27	—	2005.46	—	3.32	80.26
4.	SYNGENE	382.65	69.89	15446.40	0.33	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	578.05	34.74	13929.08	0.39	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	314.20	22.27	13578.46	1.59	165.74	30.98	370.78	23.22	77.00	60.35
7.	NESCO	1102.75	18.65	7769.97	0.63	99.96	3.97	211.80	9.55	19.23	48.33
8.	LEAPIND	144.55	102.15	6367.95	0.00	247.33	—	2034.13	—	9.32	51.19
9.	SPARC	196.10	4.02	6363.87	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
10.	SMARTWORKS	530.60	217.74	6069.06	0.00	13.15	413.27	546.25	44.05	61.12	63.33
11.	JUSTDIAL	665.10	15.59	5656.61	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	MITCON	80.15	14.34	139.61	0.00	2.75	129.85	67.58	176.64	9.36	11.31

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	16	24	10	20	10	15	11	16	13	15	11	21	9
	13	20	8	18	8	12	9	14	12	13	10	18	10
Operating Profit	3	3	2	3	2	3	2	2	2	2	1	3	-1
OPM %	17.99%	13.89%	18.87%	13.55%	18.27%	21.09%	15.21%	14.11%	12.76%	12.96%	11.29%	14.49%	-5.42%
	1	1	1	1	1	1	1	1	1	1	1	1	1
Interest	0	0	1	1	1	1	1	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	3	3	2	3	2	3	1	2	1	2	1	3	1
Tax %	37.11%	26.99%	-2.19%	32.55%	35.56%	30.98%	40.58%	34.50%	30.82%	27.59%	27.97%	21.82%	35.35%
Net Profit	2	2	2	2	1	2	1	1	1	1	1	2	1
	1.20	1.78	1.39	1.28	0.87	1.49	0.59	0.92	0.70	0.72	0.49	1.24	0.36

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	45	44	58	58	36	33	77	44	70	51	56
	38	39	55	57	34	35	72	38	59	42	51
Operating Profit	7	5	3	1	2	-3	5	7	11	9	6
OPM %	15.60%	11.76%	5.70%	1.84%	5.12%	-9.02%	7.02%	14.66%	15.46%	17.13%	10.09%
	4	3	4	5	7	3	2	3	4	5	6
Interest	0	0	1	1	1	1	2	2	2	3	3
Depreciation	4	2	3	2	2	2	1	2	2	3	3
Profit before Tax	7	6	4	4	6	-3	5	6	10	8	7
Tax %	31.62%	20.06%	21.13%	17.91%	26.83%	31.33%	53.13%	10.07%	25.65%	34.45%	26.41%
Net Profit	5	4	3	3	4	-2	2	6	8	5	5
EPS	0.00	0.00	0.00	0.00	0.00	-1.45	1.63	4.32	5.65	3.68	—
Dividend Payout %	26.25%	27.35%	42.81%	38.61%	6.61%	-13.76%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 7%
3 Years:: -13%

COMPOUNDED PROFIT GROWTH

10 Years:: 0%
5 Years:: 6%
3 Years:: 35%

STOCK PRICE CAGR

10 Years:: 5%
5 Years:: 11%
3 Years:: 7%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 3%
3 Years:: 5%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	13	13	13	13	13	14
	77	80	81	82	90	88	91	97	104	116
	0	0	0	10	8	15	15	19	23	27
Trade Payables	5	6	8	8	12	9	14	6	10	6
	5	5	6	5	4	6	6	7	11	11
Total Liabilities	100	103	107	118	128	131	140	141	162	175
	26	23	21	20	19	23	24	30	29	31
Capital Work in Progress	0	0	0	0	0	0	0	0	0	1
	9	30	7	23	38	55	54	80	81	83
	0	0	0	0	6	1	2	0	1	1
	0	0	0	0	0	0	0	0	20	24
Cash & Bank	14	19	25	9	11	25	4	4	8	1
	51	31	54	66	55	28	56	27	23	34
Total Assets	100	103	107	118	128	131	140	141	162	175

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-14	28	6	13	5	1	-4	15	12	-2
Cash from Investing	-5	-19	2	-33	3	6	-3	-16	-13	-15
Cash from Financing	-1	-1	-2	7	-5	-1	-1	0	6	9
	-24	5	6	-15	1	11	-10	-0	5	-7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.84	17.21	17.21	17.33	17.94	18.21	18.21	18.24	20.08
	2.23	2.23	2.23	2.23	2.23	1.72	1.72	1.72	1.72
	6.11	4.64	4.64	4.64	4.64	4.71	4.71	4.71	4.71
	74.82	75.92	75.92	75.80	75.19	75.36	75.36	75.33	73.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

Copy of Newspaper Publication

2026-08-26 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25

Shareholders meeting

2026-08-25 - MITCON Consultancy & Engineering Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2026

2026-08-14

Copy of Newspaper Publication

2026-08-14 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - MITCON Consultancy & Engineering Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-03

Acquisition

2026-08-03 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about Acquisition

2026-08-03

General Updates

2026-08-03 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about General Updates

2026-07-17

General Updates

2026-07-17 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about General Updates

2026-07-14

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-14 - MITCON Consultancy & Engineering Services Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-06-25

Trading Window

2026-06-25 - MITCON Consultancy & Engineering Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

News

Recent coverage and analyst commentary for MITCON

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Mitcon Consultancy & Engineering Services Ltd.

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Free 5nance Account

Name

PFOCUS

310.60

209.28

24188.72

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.15

21.28

21136.20

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

-116.27

—

2005.46

—

3.32

80.26

SYNGENE

382.65

69.89

15446.40

0.33

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

578.05

34.74

13929.08

0.39

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

314.20

22.27

13578.46

1.59

165.74

30.98

370.78

23.22

77.00

60.35

NESCO

1102.75

18.65

7769.97

0.63

99.96

3.97

211.80

9.55

19.23

48.33

LEAPIND

144.55

102.15

6367.95

0.00

247.33

—

2034.13

—

9.32

51.19

SPARC

196.10

4.02

6363.87

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

SMARTWORKS

530.60

217.74

6069.06

0.00

13.15

413.27

546.25

44.05

61.12

63.33

JUSTDIAL

665.10

15.59

5656.61

0.00

115.74

38.44

270.27

16.23

12.88

26.17

MITCON

80.15

14.34

139.61

0.00

2.75

129.85

67.58

176.64

9.36

11.31

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-1

OPM %

17.99%

13.89%

18.87%

13.55%

18.27%

21.09%

15.21%

14.11%

12.76%

12.96%

11.29%

14.49%

-5.42%

Interest

Depreciation

Profit before Tax

Tax %

37.11%

26.99%

-2.19%

32.55%

35.56%

30.98%

40.58%

34.50%

30.82%

27.59%

27.97%

21.82%

35.35%

Net Profit

1.20

1.78

1.39

1.28

0.87

1.49

0.59

0.92

0.70

0.72

0.49

1.24

0.36

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

-3

OPM %

15.60%

11.76%

5.70%

1.84%

5.12%

-9.02%

7.02%

14.66%

15.46%

17.13%

10.09%

Interest

Depreciation

Profit before Tax

-3

Tax %

31.62%

20.06%

21.13%

17.91%

26.83%

31.33%

53.13%

10.07%

25.65%

34.45%

26.41%

Net Profit

-2

EPS

0.00

-1.45

1.63

4.32

5.65

3.68

—

Dividend Payout %

26.25%

27.35%

42.81%

38.61%

6.61%

-13.76%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

104

116

Trade Payables

Total Liabilities

100

103

107

118

128

131

140

141

162

175

Capital Work in Progress

Cash & Bank

Total Assets

100

103

107

118

128

131

140

141

162

175

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-14

-4

-2

Cash from Investing

-5

-19

-33

-3

-16

-13

-15

Cash from Financing

-1

-2

-5

-1

-24

-15

-10

-0

-7

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

16.84

17.21

17.33

17.94

18.21

18.24

20.08

2.23

1.72

6.11

4.64

4.71

74.82

75.92

75.80

75.19

75.36

75.33

73.49

Mitcon Consultancy & Engineering Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Mitcon Consultancy & Engineering Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI