Want to see IN:MITCON full AI Analyst Report?
Top Page
MITCON Consultancy & Engineering Services Ltd.
(MITCON)
Select Model
Select Model
Rating:57Neutral
Price Target:―
Action:Reiterated
Date:09/06/26
The score is primarily constrained by financial quality—improving profitability and moderating leverage are positives, but weak operating cash flow relative to earnings and historically volatile/negative free cash flow are key risks. Valuation is supportive with a modest P/E, while technical strength cannot be confirmed due to missing indicator data.
Positive Factors
Profitability turnaround
The shift from loss to solid profitability indicates improved earnings capacity and gives the consultancy a stronger base for reinvestment. Mid-single-digit margins provide evidence that its service model can generate sustainable profits, although consistency remains important.
Negative Factors
Weak cash conversion
Cash generation is materially weaker than reported profitability, suggesting that earnings are not consistently converting into available cash. This can restrict funding for new assignments, increase dependence on external financing, and leave the business less resilient when project collections or working capital move adversely.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from loss to solid profitability indicates improved earnings capacity and gives the consultancy a stronger base for reinvestment. Mid-single-digit margins provide evidence that its service model can generate sustainable profits, although consistency remains important.
Read all positive factors
MITCON Consultancy & Engineering Services Ltd. (MITCON) vs. iShares MSCI India ETF (INDA)
Market Cap
N/A
Dividend Yield0.36%
Average Volume (3M)N/A
Price to Earnings (P/E)13.0
Beta (1Y)N/A
Revenue Growth49.79%
EPS Growth122.60%
CountryIN
Employees221
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.40
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.52
Price to Sales (P/S)0.65
P/FCF Ratio75.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MITCON Consultancy & Engineering Services Ltd. Business Overview & Revenue Model
Company Description
MITCON Consultancy & Engineering Services Limited, an Indian firm established in 1982 and headquartered in Pune, delivers comprehensive advisory and engineering solutions. The company caters to a diverse client base across India, including small a...
How the Company Makes Money
MITCON primarily makes money by charging professional fees for consultancy and engineering/advisory assignments delivered to its clients. Key revenue streams typically include: (1) project and investment advisory fees for services such as feasibil...
MITCON Consultancy & Engineering Services Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.26B | 1.13B | 1.29B | 836.52M | 1.07B |
| Gross Profit | 399.22M | 359.60M | 424.35M | 546.42M | 538.26M |
| EBITDA | 329.84M | 317.80M | 325.12M | 179.69M | 171.85M |
| Net Income | 80.88M | 55.56M | 53.34M | 43.92M | 10.63M |
Balance Sheet | |||||
| Total Assets | 3.22B | 2.86B | 3.12B | 2.48B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 161.18M | 75.67M | 140.47M | 187.35M | 63.90M |
| Total Debt | 985.41M | 1.13B | 1.44B | 1.15B | 829.65M |
| Total Liabilities | 1.49B | 1.46B | 1.81B | 1.34B | 1.10B |
| Stockholders Equity | 1.58B | 1.27B | 1.16B | 1.02B | 929.79M |
Cash Flow | |||||
| Free Cash Flow | 10.84M | -82.37M | -197.23M | 132.77M | -171.31M |
| Operating Cash Flow | 80.14M | 86.34M | 238.38M | 297.51M | -22.91M |
| Investing Cash Flow | -87.83M | 139.31M | -416.47M | -338.09M | -47.29M |
| Financing Cash Flow | 93.20M | -410.28M | 131.65M | 163.59M | -37.02M |
MITCON Consultancy & Engineering Services Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹2.11B | 6.48 | ― | 1.41% | 22.41% | 66.20% | |
63 Neutral | ₹841.67M | 13.21 | ― | 0.30% | 8.90% | ― | |
57 Neutral | ― | 13.03 | ― | 0.36% | 49.79% | 122.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹1.46B | 44.86 | ― | ― | 14.73% | 0.98% | |
43 Neutral | ₹463.74M | -0.90 | ― | 1.46% | -70.62% | -385.50% | |
42 Neutral | ₹414.42M | -1.19 | ― | 1.87% | -63.77% | -537.92% |
* General Sector Average
IN:MITCON
MITCON Consultancy & Engineering Services Ltd.
―
―
―
IN:AARVI
Aarvi Encon Ltd.
141.85
19.91
16.33%
IN:DHRUV
Dhruv Consultancy Services Ltd.
21.85
-37.05
-62.90%
IN:RKEC
RKEC Projects Ltd.
19.33
-51.56
-72.73%
IN:SECMARK
SecMark Consultancy Ltd.
140.20
17.15
13.94%
IN:SEMAC
Semac Consultants Ltd
270.00
-266.80
-49.70%
MITCON Consultancy & Engineering Services Ltd. Corporate Events
MITCON Capitalises Two New Step-Down Subsidiaries to Expand Corporate Support Services
Aug 3, 2026
MITCON Credentia Trusteeship Services Ltd., a subsidiary of MITCON Consultancy Engineering Services Ltd., has remitted subscription money to fully capitalize two newly formed step-down subsidiaries. MITCON Credentia Repository Services Ltd. and M...
MITCON expands corporate services via new step-down subsidiaries
Aug 3, 2026
MITCON Credentia Trusteeship Services Ltd., a subsidiary of MITCON Consultancy Engineering Services Ltd., has fully subscribed to the share capital of MITCON Credentia Repository Services Ltd., a step-down subsidiary incorporated in June 2026 to ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.