MITCON Consultancy & Engineering Services Limited (MITCON) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of MITCON Consultancy & Engineering Services Limited ₹96.71, price ₹80.34, upside +20.4%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹29.64 – ₹156.78 · fair‑value band ₹47.84 – ₹134.28 · the ₹80.34 price screens below the ₹96.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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MITCON Consultancy & Engineering Services Limited provides consultancy and training services in India. The company operates through three segments: Consultancy and Training, Project Services, and Wind Power Generation.
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MITCON Consultancy & Engineering Services Limited provides consultancy and training services in India. The company operates through three segments: Consultancy and Training, Project Services, and Wind Power Generation. It offers renewable energy consulting services, including engineering, consultation, and project management services; soil investigation; climate change and sustainability services comprising preparation of greenhouse gas inventories, developing carbon neutral strategies and implementation support, preparation of sustainability report as per GRI, SASB, TCFD, TNFD frameworks, and conducting product life cycle assessments; and develops carbon credit projects. The company also provides biofuels and green chemistry services from concept to commissioning, which include basic engineering for bio-ethanol, sugar mills, sugar refineries, cogeneration power projects based on coal, bagasse, biomass, etc.; develops technologies for producing chemicals from renewable and bio-based raw materials; environment management and engineering services; business financial advisory; skill development services; develops, implements, and manages wind and solar projects. It also provides satellite-based AI/ML solutions for precision agriculture and infrastructure, as well as offers infrastructure and trustee services. 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 incorporated in 1982 and is headquartered in Pune, India.
Stock analysis
MITCON Consultancy & Engineering Services Limited (MITCON) currently trades at ₹80.34, while our model-based Fair Value estimate is ₹96.71, implying the stock looks roughly 16.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹144.55 per share, and 20 of the 23 models we run sit above the ₹80.34 price.
Bear case: the Earnings-Based group reads lowest at ₹71.19, and 3 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹47.84 (bear) to ₹134.28 (bull), the price of ₹80.34 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MITCON Consultancy & Engineering Services Limited reported revenue of ₹1.3B in FY2026 versus ₹1.1B in FY2022, a compound +4.2%/yr. Reported net income was ₹80.9M in FY2026, compounding +66.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹1.4B (≈ $14.6M) · P/E ratio 14.9 · P/S ratio 0.96 · EPS (TTM) ₹5.35 · Net margin 6.4% · Return on equity 6.0% · Return on assets (EBIT) 6.0% · Operating margin 21.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 20%, MITCON screens cheaper than that median.
Fair Value models
Bear ₹47.84Fair Value ₹96.71Bull ₹134.28
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.71 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.36.3% vs 3.5%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 17%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+58.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +51.8% a year for the price.
Compare MITCON Consultancy & Engineering Services Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 785 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+20.4% · Above median
Profitability
Return on equity (TTM)6.0% · Below median
Return on assets4.4% · Above median
Net margin (TTM)6.4% · Above median
Operating margin (TTM)21.1% · Top 25%
Growth and dividend
Revenue growth18.6% · Above median
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Is MITCON Consultancy & Engineering Services Limited (MITCON) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹96.71 versus a price of ₹80.34, about +20% upside (undervalued).
What is the fair value of MITCON?
Our model-based fair value for MITCON Consultancy & Engineering Services Limited is ₹96.71 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹80.34.
What is the quality score of MITCON?
MITCON Consultancy & Engineering Services Limited has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for MITCON Consultancy & Engineering Services Limited (MITCON)?
Our model-based price target is the fair value of ₹96.71 (as of Sep 27, 2026) from 23 valuation models. Cautious scenario ₹47.84, optimistic scenario ₹134.28. It is a calculation from audited fundamentals, not an analyst target.
What is the MITCON Consultancy & Engineering Services Limited stock forecast for 2026?
Our models put fair value at ₹96.71, about +20% upside versus a price of ₹80.34 (undervalued). Cautious scenario ₹47.84, optimistic scenario ₹134.28. The calculation is refreshed regularly with new filings.
What is the revenue of MITCON Consultancy & Engineering Services Limited (MITCON)?
MITCON Consultancy & Engineering Services Limited reported trailing-twelve-month revenue of about ₹1.3B (latest available figure, as of Sep 27, 2026).
What growth is priced into MITCON Consultancy & Engineering Services Limited (MITCON)?
For today's price to be fair in a discounted-cash-flow model, MITCON Consultancy & Engineering Services Limited would have to grow free cash flow by +58.1 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of MITCON use?
Our models discount MITCON Consultancy & Engineering Services Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.31, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For MITCON Consultancy & Engineering Services Limited that is +58.1 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has MITCON Consultancy & Engineering Services Limited (MITCON) delivered so far?
Over the past 5 years revenue at MITCON Consultancy & Engineering Services Limited grew +15.3 % a year. The price currently implies +58.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of MITCON Consultancy & Engineering Services Limited (MITCON) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into MITCON Consultancy & Engineering Services Limited (+58.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MITCON Consultancy & Engineering Services Limited (MITCON)?
The free-cash-flow yield on the price is 0.89 %: that much free cash flow MITCON Consultancy & Engineering Services Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MITCON Consultancy & Engineering Services Limited (MITCON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MITCON Consultancy & Engineering Services Limited it is ₹96.71 per share (as of Sep 27, 2026), against a price of ₹80.34. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is MITCON Consultancy & Engineering Services Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MITCON trades below its calculated fair value: price ₹80.34, fair value ₹96.71, a gap of about +20% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MITCON?
No. The price is what the market pays today (₹80.34); the fair value is what the company's own numbers justify (₹96.71). For MITCON Consultancy & Engineering Services Limited the two are ₹16.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is MITCON Consultancy & Engineering Services Limited worth?
The market values MITCON Consultancy & Engineering Services Limited at about ₹1.4B (market capitalisation, as of Sep 27, 2026). Per share that is ₹80.34; our models calculate a fair value of ₹96.71 per share.
What do the bullish and bearish scenarios say about MITCON?
Our models span a range for MITCON Consultancy & Engineering Services Limited: cautious scenario ₹47.84, base ₹96.71, optimistic ₹134.28 per share (as of Sep 27, 2026, price ₹80.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MITCON?
MITCON Consultancy & Engineering Services Limited trades at a price-to-earnings ratio of 14.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹96.71 is built from several models across several years. Other multiples: P/B 0.9, P/S 1.1, EV/EBITDA 6.0.
How solid is the balance sheet of MITCON Consultancy & Engineering Services Limited (MITCON)?
Balance-sheet figures for MITCON Consultancy & Engineering Services Limited (as of Sep 27, 2026): return on equity 6.0%, debt of 0.38 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is MITCON from its 52-week high?
MITCON Consultancy & Engineering Services Limited trades at ₹80.34, about 11% below its 52-week high of ₹89.98 and 55% above the low of ₹51.92 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹96.71 is for.
Which stocks are comparable to MITCON Consultancy & Engineering Services Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MITCON Consultancy & Engineering Services Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹80.34, calculated fair value ₹96.71 (+20%), Quality Score 34/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MITCON calculated?
We run MITCON Consultancy & Engineering Services Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹96.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. MITCON Consultancy & Engineering Services Limited currently trades 17 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of MITCON Consultancy & Engineering Services Limited (MITCON)?
The closing price on Oct 1, 2026 was ₹80.34. Our model-based fair value is ₹96.71, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MITCON Consultancy & Engineering Services Limited right now?
The model range is unusually wide (₹47.84 to ₹134.28). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of MITCON Consultancy & Engineering Services Limited (MITCON) come from?
Earnings per share at MITCON Consultancy & Engineering Services Limited grew +3.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share +11.0 %, EBIT margin +2.9 %, tax rate −0.2 %, residual (interest, one-offs) −9.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of MITCON Consultancy & Engineering Services Limited
How large is the market capitalisation of MITCON Consultancy & Engineering Services Limited (MITCON)?
The market capitalisation of MITCON Consultancy & Engineering Services Limited is ₹1.4B (≈ $14.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of MITCON Consultancy & Engineering Services Limited (MITCON)?
The price-to-sales ratio of MITCON Consultancy & Engineering Services Limited is 0.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MITCON Consultancy & Engineering Services Limited (MITCON)?
Earnings per share at MITCON Consultancy & Engineering Services Limited are ₹5.35 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MITCON Consultancy & Engineering Services Limited (MITCON)?
The net margin of MITCON Consultancy & Engineering Services Limited is 6.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of MITCON Consultancy & Engineering Services Limited (MITCON)?
The return on equity (ROE) of MITCON Consultancy & Engineering Services Limited is 6.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of MITCON Consultancy & Engineering Services Limited (MITCON)?
On an EBIT basis the return on assets of MITCON Consultancy & Engineering Services Limited is 6.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of MITCON Consultancy & Engineering Services Limited (MITCON)?
The operating margin of MITCON Consultancy & Engineering Services Limited is 21.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MITCON Consultancy & Engineering Services Limited (MITCON)?
Revenue at MITCON Consultancy & Engineering Services Limited is growing +18.6% versus a year earlier (3y avg +14.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at MITCON Consultancy & Engineering Services Limited (MITCON)?
Earnings per share at MITCON Consultancy & Engineering Services Limited are growing +209% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MITCON Consultancy & Engineering Services Limited (MITCON) carry?
The net debt of MITCON Consultancy & Engineering Services Limited is ₹824M (fiscal year 2026, ≈ 76.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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