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Swing Capital

Mitcon Consultancy & Engineering Services Ltd

NSE: MITCON

Incorporated in 1982, MITCON Consultancy & Engineering Services Ltd is in the business of consultancy and training services[1]

₹77.9
52W: ₹49.6 — ₹97.6
PE 30.6 · Book ₹89.4 · -13% vs book
Market Cap₹136 Cr
Stock P/E30.6Price to Earnings
ROCE7.37%Return on Capital
ROE4.3%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.88 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 7.18% over past five years.
  • −Company has a low return on equity of 5.36% over last 3 years.
  • −Contingent liabilities of Rs.121 Cr.
  • −Earnings include an other income of Rs.5.15 Cr.
  • −Company has high debtors of 172 days.

Shareholding Pattern

Promoters0%
FIIs18.24%
DIIs1.72%
Public75.33%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters0%0%0%0%0%0%0%0%
FIIs16.84%17.21%▲0.417.21%17.33%▲0.117.94%▲0.618.21%▲0.318.21%18.24%▲0.0
DIIs2.23%2.23%2.23%2.23%2.23%1.72%▼0.51.72%1.72%
Public74.82%75.92%▲1.175.92%75.8%▼0.175.19%▼0.675.36%▲0.275.36%75.33%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales23.5310.4420.299.814.6510.5216.2313.2414.7311.43
Expenses20.268.4717.55811.568.9213.9411.5512.8310.14
Operating Profit3.271.972.741.83.091.62.291.691.91.29
OPM %13.9%18.87%13.5%18.37%21.09%15.21%14.11%12.76%12.9%11.29%
Net Profit2.391.871.721.162.050.821.31.021.260.85
EPS ₹1.351.060.970.661.530.610.970.760.720.49

AI Insights

Revenue Trend

TTM revenue at ₹55.63Cr, up 8.7% YoY. OPM at 12.89%.

Debt Position

Borrowings at ₹23.79Cr. Debt-to-equity ratio: 0.17x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1.87Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.72% (-1.71pp change). FIIs: 18.24% (+1.39pp change). Promoters hold 0%.

Margin & Efficiency

ROCE declining from 14.95% (Mar 2014) to 7.37% (Mar 2025). Working capital days: 59.31.

Valuation

PE 30.6x with 7.37% ROCE. Price is -13% above book value of ₹89.4. Dividend yield: 0%.

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