MITCON

MITCON Consultancy & Engineering Services Limited

Consultancy, project services and renewable power generation group

Services›Services›Commercial Services & Supplies›Consulting Services

mitconindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹76.18
Market cap
133 Cr
Stock P/E
13.6
P/B
0.84
Dividend yield
0.2%
ROE (FY26)
4.7%
ROCE (FY26)
8.7%
Operating margin (FY26)
16.8%
Debt / equity (FY26)
0.58
OCF / EBITDA (FY26)
55.8%
OCF / EBITDA (3Y)
69.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

MITCON (MITCON Consultancy & Engineering Services) is a Pune-based group that sells consultancy and training and project services, and also generates wind and solar power; it reports these as its three segments.

Company snapshot

4thBy market cap

Ranked among 5 companies in Consulting Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 71.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Consultancy and Training
71.7%
16 Cr2 Cr105 Cr
Project Service
7.7%
2 Cr0.06 Cr13 Cr
Wind/Solar Power Generation
20.6%
5 Cr2 Cr159 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales36 Cr24 Cr40 Cr24 Cr28 Cr22 Cr38 Cr24 Cr29 Cr27 Cr45 Cr68 Cr
Operating expenses (approx.)29 Cr18 Cr32 Cr17 Cr20 Cr16 Cr31 Cr18 Cr24 Cr20 Cr33 Cr60 Cr
EBITDA7 Cr7 Cr8 Cr8 Cr7 Cr7 Cr8 Cr6 Cr6 Cr7 Cr12 Cr8 Cr
OPM %20.0%27.3%19.3%31.2%26.5%29.8%19.9%26.2%19.6%25.3%26.7%11.4%
Other income0.48 Cr0.52 Cr2 Cr0.63 Cr0.79 Cr0.54 Cr0.59 Cr0.38 Cr0.42 Cr0.45 Cr0.76 Cr0.88 Cr
Interest3 Cr3 Cr6 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr2 Cr3 Cr2 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr
Profit before tax3 Cr2 Cr2 Cr2 Cr2 Cr0.97 Cr3 Cr2 Cr1 Cr2 Cr8 Cr4 Cr
Tax %72.1%59.7%-45.1%-47.6%35.0%60.4%36.3%27.8%20.5%22.4%26.2%26.8%
Net profit0.80 Cr0.70 Cr2 Cr3 Cr2 Cr0.38 Cr2 Cr1 Cr0.98 Cr2 Cr6 Cr3 Cr
EPS (₹)₹0.60₹0.52₹1.86₹2.17₹1.11₹0.27₹1.21₹0.82₹0.56₹0.92₹3.24₹1.58

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales62 Cr107 Cr84 Cr129 Cr113 Cr126 CrSign in free for the trailing twelve months
Operating expenses (approx.)52 Cr90 Cr68 Cr101 Cr83 Cr95 CrSign in free for the trailing twelve months
EBITDA9 Cr16 Cr16 Cr29 Cr29 Cr31 CrSign in free for the trailing twelve months
OPM %15.2%15.2%19.0%22.2%25.9%24.6%Sign in free for the trailing twelve months
Other income2 Cr1 Cr2 Cr4 Cr3 Cr2 CrSign in free for the trailing twelve months
Interest8 Cr8 Cr10 Cr14 Cr14 Cr11 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr6 Cr8 Cr9 Cr10 CrSign in free for the trailing twelve months
Profit before tax-2 Cr4 Cr3 Cr10 Cr8 Cr13 CrSign in free for the trailing twelve months
Tax %37.3%60.5%-50.1%42.8%18.1%25.2%Sign in free for the trailing twelve months
Net profit-1 Cr1 Cr4 Cr6 Cr7 Cr9 CrSign in free for the trailing twelve months
EPS (₹)₹-1.05₹1.12₹3.27₹4.20₹4.63₹5.41Sign in free for the trailing twelve months
Dividend payout %—17.9%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr14 Cr17 Cr
Reserves75 Cr80 Cr88 Cr102 Cr112 Cr140 Cr
Borrowings71 Cr73 Cr97 Cr137 Cr106 Cr92 Cr
Other liabilities32 Cr42 Cr38 Cr45 Cr40 Cr57 Cr
Total liabilities200 Cr217 Cr248 Cr312 Cr286 Cr322 Cr
Fixed assets (net)96 Cr105 Cr117 Cr146 Cr152 Cr146 Cr
CWIP—1 Cr0.63 Cr8 Cr4 Cr7 Cr
Investments4 Cr7 Cr36 Cr40 Cr4 Cr4 Cr
Inventories2 Cr3 Cr2 Cr8 Cr7 Cr9 Cr
Trade receivables34 Cr36 Cr43 Cr55 Cr61 Cr60 Cr
Cash & bank17 Cr6 Cr16 Cr11 Cr5 Cr11 Cr
Other assets46 Cr58 Cr34 Cr44 Cr54 Cr84 Cr
Total assets200 Cr217 Cr248 Cr312 Cr286 Cr322 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity19 Cr-2 Cr30 Cr24 Cr21 Cr17 Cr
Cash from investing-6 Cr-5 Cr-34 Cr-42 Cr14 Cr-7 Cr
Cash from financing-0.09 Cr-4 Cr16 Cr13 Cr-41 Cr-1 Cr
Net cash flow12 Cr-11 Cr12 Cr-5 Cr-6 Cr9 Cr
Free cash flow (OCF − Capex)16 Cr-17 Cr13 Cr-15 Cr5 Cr11 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.6%6.9%6.0%9.0%8.8%8.7%
ROE %-2.1%1.5%3.7%4.1%4.0%4.7%
Debtor days200124187156198174
Inventory days112322478589
Days payable591217383142143
Cash conversion cycle15226135121141120
OCF / EBITDA %202.5%-14.2%187.5%82.9%70.5%55.8%
OCF / EBITDA % (3 years)——112.2%84.4%100.5%69.4%
Debt / equity0.790.790.951.180.830.58
Current ratio2.882.132.161.541.371.54
Net debt / EBITDA5.72—5.104.383.462.63