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MITCON Consultancy & Engineering Services

NSEI:MITCON
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MITCON
NSEI
₹496M
Market Cap
  1. Home
  2. IN
  3. Commercial Services
Company description

MITCON Consultancy & Engineering Services Limited provides consultancy and engineering services for small and medium enterprises, corporates, banks, financial institutions, and government organizations in India. The last earnings update was 31 days ago. More info.


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MITCON Share Price and Events
7 Day Returns
0%
NSEI:MITCON
2.2%
IN Professional Services
-0.7%
IN Market
1 Year Returns
-21.2%
NSEI:MITCON
6.8%
IN Professional Services
8.2%
IN Market
MITCON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MITCON Consultancy & Engineering Services (MITCON) 0% 0% - -21.2% - -
IN Professional Services 2.2% 14.4% 14% 6.8% 46% -50.4%
IN Market -0.7% 2.5% 5.8% 8.2% 23.4% 22.8%
1 Year Return vs Industry and Market
  • MITCON underperformed the Professional Services industry which returned 6.8% over the past year.
  • MITCON underperformed the Market in India which returned 8.2% over the past year.
Price Volatility
MITCON
Industry
5yr Volatility vs Market

MITCON Value

 Is MITCON Consultancy & Engineering Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MITCON Consultancy & Engineering Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MITCON Consultancy & Engineering Services.

NSEI:MITCON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in INR ₹ 1.000000
Payout Ratio Company Filings (2019-09-30) -37104.9%
Discount Rate (Cost of Equity) See below 13.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:MITCON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 35%) (131.47%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.917 * 7.85%)
13.68%

Discounted Cash Flow Calculation for NSEI:MITCON using Dividend Discount Model Model

The calculations below outline how an intrinsic value for MITCON Consultancy & Engineering Services is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:MITCON Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹1 / (13.68% - 6.48%)
₹7.61
NSEI:MITCON Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹7.61
Current discount Discount to share price of ₹41.00
= -1 x (₹41.00 - ₹7.61) / ₹7.61
-438.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of MITCON Consultancy & Engineering Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MITCON Consultancy & Engineering Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MITCON Consultancy & Engineering Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MITCON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹-0.27
NSEI:MITCON Share Price ** NSEI (2020-01-20) in INR ₹41
India Professional Services Industry PE Ratio Median Figure of 15 Publicly-Listed Professional Services Companies 13.09x
India Market PE Ratio Median Figure of 2,637 Publicly-Listed Companies 13.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MITCON Consultancy & Engineering Services.

NSEI:MITCON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:MITCON Share Price ÷ EPS (both in INR)

= 41 ÷ -0.27

-154.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MITCON Consultancy & Engineering Services is loss making, we can't compare its value to the IN Professional Services industry average.
  • MITCON Consultancy & Engineering Services is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does MITCON Consultancy & Engineering Services's expected growth come at a high price?
Raw Data
NSEI:MITCON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -154.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Professional Services Industry PEG Ratio Median Figure of 55 Publicly-Listed Professional Services Companies 1.68x
India Market PEG Ratio Median Figure of 407 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MITCON Consultancy & Engineering Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MITCON Consultancy & Engineering Services's assets?
Raw Data
NSEI:MITCON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹79.12
NSEI:MITCON Share Price * NSEI (2020-01-20) in INR ₹41
India Professional Services Industry PB Ratio Median Figure of 22 Publicly-Listed Professional Services Companies 0.8x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 0.9x
NSEI:MITCON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:MITCON Share Price ÷ Book Value per Share (both in INR)

= 41 ÷ 79.12

0.52x

* Primary Listing of MITCON Consultancy & Engineering Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MITCON Consultancy & Engineering Services is good value based on assets compared to the IN Professional Services industry average.
X
Value checks
We assess MITCON Consultancy & Engineering Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. MITCON Consultancy & Engineering Services has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MITCON Future Performance

 How is MITCON Consultancy & Engineering Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MITCON Consultancy & Engineering Services expected to grow at an attractive rate?
  • Unable to compare MITCON Consultancy & Engineering Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MITCON Consultancy & Engineering Services's earnings growth to the India market average as no estimate data is available.
  • Unable to compare MITCON Consultancy & Engineering Services's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MITCON Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 9.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MITCON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MITCON Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 462 53 -3
2019-06-30 409 64 -1
2019-03-31 357 75 1
2018-03-31 584 59 -1
2017-03-31 440 256 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MITCON Consultancy & Engineering Services is high growth as no earnings estimate data is available.
  • Unable to determine if MITCON Consultancy & Engineering Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MITCON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MITCON Consultancy & Engineering Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MITCON Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 -0.27
2019-06-30 -0.09
2019-03-31 0.09
2018-03-31 -0.12
2017-03-31 2.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MITCON Consultancy & Engineering Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MITCON’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. MITCON Consultancy & Engineering Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. MITCON Consultancy & Engineering Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MITCON Consultancy & Engineering Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MITCON Consultancy & Engineering Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MITCON Past Performance

  How has MITCON Consultancy & Engineering Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MITCON Consultancy & Engineering Services's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MITCON Consultancy & Engineering Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MITCON Consultancy & Engineering Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MITCON Consultancy & Engineering Services's 1-year growth to the IN Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
MITCON Consultancy & Engineering Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MITCON Consultancy & Engineering Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MITCON Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 461.54 -3.26 28.44
2019-06-30 409.45 -1.10 28.44
2019-03-31 357.36 1.07 28.44
2018-03-31 583.76 -1.47 32.94
2017-03-31 440.29 29.26 30.53
2016-03-31 449.74 46.10 35.71
2015-12-31 451.58 51.31 32.07
2015-09-30 453.42 56.52 92.69 0.42
2015-06-30 442.90 55.03 92.67 0.42
2015-03-31 432.39 53.55 28.37
2014-12-31 435.65 68.11 52.55 0.20
2014-09-30 438.92 82.67 76.73 0.40
2014-06-30 421.91 76.78 72.56 0.40
2014-03-31 404.91 70.89 68.39 0.40
2013-03-31 466.66 99.18 66.38 0.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MITCON Consultancy & Engineering Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • MITCON Consultancy & Engineering Services used its assets less efficiently than the IN Professional Services industry average last year based on Return on Assets.
  • It is difficult to establish if MITCON Consultancy & Engineering Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MITCON Consultancy & Engineering Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MITCON Consultancy & Engineering Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MITCON Health

 How is MITCON Consultancy & Engineering Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MITCON Consultancy & Engineering Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MITCON Consultancy & Engineering Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MITCON Consultancy & Engineering Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MITCON Consultancy & Engineering Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MITCON Consultancy & Engineering Services Company Filings, last reported 3 months ago.

NSEI:MITCON Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,021.93 652.20 191.17
2019-06-30 1,021.93 652.20 191.17
2019-03-31 870.04 456.06 109.10
2018-03-31 884.16 0.00 253.22
2017-03-31 901.66 0.00 431.55
2016-03-31 893.17 0.00 227.82
2015-12-31 893.17 0.00 227.82
2015-09-30 884.38 0.00 265.22
2015-06-30 884.38 0.00 265.22
2015-03-31 860.13 0.00 395.27
2014-12-31 860.13 0.00 395.27
2014-09-30 838.47 0.00 231.22
2014-06-30 838.47 0.00 231.22
2014-03-31 831.02 0.00 444.78
2013-03-31 560.13 0.00 241.07
  • MITCON Consultancy & Engineering Services's level of debt (63.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if MITCON Consultancy & Engineering Services's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).
  • MITCON Consultancy & Engineering Services is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess MITCON Consultancy & Engineering Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MITCON Consultancy & Engineering Services has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MITCON Dividends

 What is MITCON Consultancy & Engineering Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.44%
Current annual income from MITCON Consultancy & Engineering Services dividends.
If you bought ₹2,000 of MITCON Consultancy & Engineering Services shares you are expected to receive ₹49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MITCON Consultancy & Engineering Services's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • MITCON Consultancy & Engineering Services's dividend is above the markets top 25% of dividend payers in India (2.26%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MITCON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1393 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MITCON Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-06-21 1.000 2.645
2018-07-17 1.000 1.919
2018-07-04 1.000 1.689

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, MITCON Consultancy & Engineering Services has been paying a dividend for less than 10 years.
  • MITCON Consultancy & Engineering Services has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of MITCON Consultancy & Engineering Services's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MITCON Consultancy & Engineering Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MITCON Consultancy & Engineering Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MITCON Consultancy & Engineering Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MITCON Management

 What is the CEO of MITCON Consultancy & Engineering Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pradeep Bavadekar
COMPENSATION ₹8,798,913
AGE 63
TENURE AS CEO 25 years
CEO Bio

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 Private Limited. He is available to deliver lectures on issues pertaining to Management, Entrepreneurship, Industry, Business as well as various socio- economic developments. He has over 31 years of work experience in the field of manufacturing, sales & marketing, management and technical consultancy. He holds a Masters of Business Administration in Marketing Management and a Ph. D. in Business Administration from University of Pune.

CEO Compensation
  • Pradeep's compensation has increased whilst company is loss making.
  • Pradeep's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the MITCON Consultancy & Engineering Services management team in years:

7.3
Average Tenure
  • The average tenure for the MITCON Consultancy & Engineering Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pradeep Bavadekar

TITLE
MD & Director
COMPENSATION
₹9M
AGE
63
TENURE
25 yrs

Ram Mapari

TITLE
Chief Financial Officer
COMPENSATION
₹862K
AGE
54
TENURE
5.7 yrs

Vasant Todkar

TITLE
Assistant Vice President of Purchase & Legal
COMPENSATION
₹458K

Ankita Agarwal

TITLE
Company Secretary & Compliance Officer
TENURE
1.3 yrs

Shailesh Borwankar

TITLE
Assistant Vice President of HR
COMPENSATION
₹458K

Sunil Natu

TITLE
Senior Vice President of Power Division
COMPENSATION
₹2M

Chandrashekhar Bhosle

TITLE
Senior Vice President of Training & Entrepreneurship Division
COMPENSATION
₹868K
TENURE
17.6 yrs

Deepak Zade

TITLE
Senior Vice President of Energy & Carbon Services Division
COMPENSATION
₹1M

Prasad Pawar

TITLE
Executive Vice President of Project Management Consultancy
COMPENSATION
₹507K

Manish Kanojia

TITLE
Executive Vice President of Corporate Business - Mumbai
COMPENSATION
₹532K
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the MITCON Consultancy & Engineering Services board of directors in years:

1.3
Average Tenure
63
Average Age
  • The average tenure for the MITCON Consultancy & Engineering Services board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jagannath Dange

TITLE
Independent Chairman
COMPENSATION
₹120K
AGE
68
TENURE
1.8 yrs

Pradeep Bavadekar

TITLE
MD & Director
COMPENSATION
₹9M
AGE
63

Archana Lakhe

TITLE
Non-Executive-Independent Woman Director
COMPENSATION
₹190K
AGE
54
TENURE
4.9 yrs

Ajay Agarwal

TITLE
Non-Executive & Non-Independent Director
COMPENSATION
₹30K
TENURE
0.8 yrs

Anand Chalwade

TITLE
Non-Executive & Non-Independent Director
COMPENSATION
₹30K
TENURE
0.8 yrs

Sanjay Phadke

TITLE
Non-Executive-Independent Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
05. Sep 19 Buy Ajay Agarwal Individual 04. Sep 19 04. Sep 19 30,000 ₹34.00 ₹1,019,999
03. Sep 19 Buy Ajita Agarwal Individual 27. Aug 19 27. Aug 19 16,000 ₹34.00 ₹543,999
03. Sep 19 Buy Ajay Agarwal Individual 27. Aug 19 28. Aug 19 62,000 ₹34.00 ₹2,107,996
05. Aug 19 Buy Ajita Agarwal Individual 02. Aug 19 02. Aug 19 4,000 ₹35.05 ₹140,200
03. Aug 19 Buy Ajay Agarwal Individual 30. Jul 19 30. Jul 19 20,000 ₹35.00 ₹699,999
29. Jul 19 Buy Ajay Agarwal Individual 19. Jul 19 26. Jul 19 32,000 ₹35.12 ₹1,123,698
15. Apr 19 Sell Florem Multiventures Private Limited Company 15. Mar 19 15. Mar 19 -40,000 ₹49.90 ₹-1,995,946
15. Apr 19 Buy Ajita Agarwal Individual 02. Jan 19 19. Mar 19 34,000 ₹50.24 ₹1,708,199
15. Apr 19 Buy Anand Chalwade Individual 13. Mar 19 13. Mar 19 40,000 ₹51.79 ₹2,071,698
15. Apr 19 Buy Ajay Agarwal Individual 01. Jan 19 27. Mar 19 32,000 ₹49.76 ₹1,568,268
X
Management checks
We assess MITCON Consultancy & Engineering Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MITCON Consultancy & Engineering Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MITCON News

Simply Wall St News

Are Dividend Investors Getting More Than They Bargained For With MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Dividend?

Is MITCON Consultancy & Engineering Services Limited (NSE:MITCON) a good dividend stock? … MITCON Consultancy & Engineering Services has only been paying a dividend for a year or so, so investors might be curious about its 2.8% yield. … There are a few too many issues for us to get comfortable with MITCON Consultancy & Engineering Services from a dividend perspective.

Simply Wall St -

Could MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Investor Composition Influence The Stock Price?

The big shareholder groups in MITCON Consultancy & Engineering Services Limited (NSE:MITCON) have power over the company. … See our latest analysis for MITCON Consultancy & Engineering Services NSEI:MITCON Ownership Summary, July 11th 2019 What Does The Institutional Ownership Tell Us About MITCON Consultancy & Engineering Services? … Insider Ownership Of MITCON Consultancy & Engineering Services While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

If You Had Bought MITCON Consultancy & Engineering Services (NSE:MITCON) Stock A Year Ago, You'd Be Sitting On A 15% Loss, Today

Investors in MITCON Consultancy & Engineering Services Limited (NSE:MITCON) have tasted that bitter downside in the last year, as the share price dropped 15%. … View our latest analysis for MITCON Consultancy & Engineering Services While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. … NSEI:MITCON Past and Future Earnings, May 16th 2019 Dive deeper into MITCON Consultancy & Engineering Services's key metrics by checking this interactive graph of MITCON Consultancy & Engineering Services's earnings, revenue and cash flow.

Simply Wall St -

Zooming in on NSE:MITCON's 2.0% Dividend Yield

A dividend paying company with growing earnings can be rewarding in the long term. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Many of the best dividend stocks typically start out paying a low yield, so we wouldn't automatically cut it from our list of prospects.

Simply Wall St -

Do Insiders Own Shares In MITCON Consultancy & Engineering Services Limited (NSE:MITCON)?

If you want to know who really controls MITCON Consultancy & Engineering Services Limited (NSE:MITCON), then you'll have to look at the makeup of its share registry. … With a market capitalization of ₹605m, MITCON Consultancy & Engineering Services is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for MITCON Consultancy & Engineering Services

Simply Wall St -

Is MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Balance Sheet Strong Enough To Weather A Storm?

The direct benefit for MITCON Consultancy & Engineering Services Limited (NSE:MITCON), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is MITCON will have to adhere to stricter debt covenants and have less financial flexibility. … Is MITCON right in choosing financial flexibility over lower cost of capital

Simply Wall St -

Is MITCON Consultancy & Engineering Services Limited (NSE:MITCON) A Smart Pick For Income Investors?

Recently, MITCON Consultancy & Engineering Services Limited (NSE:MITCON) has started paying dividends to shareholders. … Does MITCON Consultancy & Engineering Services tick all the boxes of a great dividend stock? … Check out our latest analysis for MITCON Consultancy & Engineering Services

Simply Wall St -

Do Insiders Own Shares In MITCON Consultancy & Engineering Services Limited (NSE:MITCON)?

Every investor in MITCON Consultancy & Engineering Services Limited (NSE:MITCON) should be aware of the most powerful shareholder groups. … MITCON Consultancy & Engineering Services is a smaller company with a market capitalization of ₹605m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for MITCON Consultancy & Engineering Services

Simply Wall St -

What does MITCON Consultancy & Engineering Services Limited's (NSE:MITCON) Balance Sheet Tell Us About Its Future?

Zero-debt allows substantial financial flexibility, especially for small-cap companies like MITCON Consultancy & Engineering Services Limited (NSE:MITCON), as the company does not have to adhere to strict debt covenants. … However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital.

Simply Wall St -

Who Are The Major Shareholders In MITCON Consultancy & Engineering Services Limited (NSE:MITCON)?

In this article, I will take a quick look at MITCON Consultancy & Engineering Services Limited’s (NSE:MITCON) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for MITCON Consultancy & Engineering Services

Simply Wall St -

MITCON Company Info

Description

MITCON Consultancy & Engineering Services Limited provides consultancy and engineering services for small and medium enterprises, corporates, banks, financial institutions, and government organizations in India. The company operates through Consultancy and Training, Project Services, and Wind Power Generation segments. It offers technical, financial, and engineering services to decentralized power generation projects; energy and carbon services; and environment management and engineering services. The company also provides project design, engineering, and project management services; and technical and financial consultancy services primarily to public, private, and co­operative sector banks. In addition, it offers solutions from concept to commissioning to textiles projects, as well as industrial clusters and infrastructure development; and solutions for agriculture, livestock, food, and biotechnology and pharmaceutical sectors, as well as consultancy and legal support services related to securitization and financial restructuring for the banks and financial institutions. Further, the company provides vocational and entrepreneurship development training, and counseling; CSR and skill development training services; and IT based training courses, as well as generates power from wind energy. The company was formerly known as MITCON Consultancy Services Limited and changed its name to MITCON Consultancy & Engineering Services Limited in October 2010. MITCON Consultancy & Engineering Services Limited was founded in 1982 and is headquartered in Pune, India.

Details
Name: MITCON Consultancy & Engineering Services Limited
MITCON
Exchange: NSEI
Founded: 1982
₹496,100,000
12,100,000
Website: http://www.mitconindia.com
Address: MITCON Consultancy & Engineering Services Limited
Kubera Chambers,
1st Floor,
Pune,
Maharashtra, 411005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI MITCON Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
188
MITCON Consultancy & Engineering Services employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/24 13:06
End of day share price update: 2020/01/20 00:00
Last earnings filing: 2019/12/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.