A micro-cap stock has come into sharp focus after ace investor Mukul Mahavir Agrawal offloaded 1,31,193 shares worth Rs.1.05 crores in a recent market transaction. The move has sparked curiosity among market watchers, with many interpreting it as a potential shift in sentiment toward the company. Here’s a closer look at the development.
During Friday’s trading session, the shares of Mitcon Consultancy & Engineering Services Ltd reached an intraday high of Rs.97.62 per share, hitting a 20 percent upper circuit from its previous close of Rs.81.35 per share. The shares retreated since the peak and closed at Rs.88.00 per share.
Bulk Deal Details
On May 22, 2025, ace investor Mukul Mahavir Agrawal executed a bulk deal on the National Stock Exchange involving Mitcon Consultancy & Engineering Services Ltd. He sold 131,193 shares at an average price of Rs.80.52 per share. The transaction was not marked as intraday, indicating a strategic offloading rather than a short-term trade.
MITCON has a strong track record in consulting, having completed assignments across a wide range of sectors. The company is also active in skill development, with a focus on employability through both government and private programs. It consistently maintains a high placement rate, highlighting its training effectiveness.
In sustainability and energy, MITCON engages in innovative projects like biochar production and renewable energy consulting. Its subsidiary supports initiatives in energy efficiency, storage, and e-mobility. Additionally, MITCON contributes to infrastructure development by helping secure grants for industrial and modernization projects.
Client Portfolio
MITCON Consultancy & Engineering Services Ltd. has secured empanelment with reputed public and private institutions, including MERC, REC Power, NSDC, Bank of India, Punjab National Bank, and the Indian Banks’ Association for various technical and consultancy services. It has also partnered with TOPAAZ Intercom to expand operations in Chhattisgarh.
The recent acquisition of Shrikhande Consultants Pvt. Ltd. further broadens MITCON’s consultancy scope, enhancing its presence across multiple sectors and strengthening its industry footprint.
Financial Performance
According to its latest financial results, Mitcon Consultancy & Engineering Services Ltd reported consolidated revenue of Rs.38.13 crores in Q4 FY25, reflecting a 4.59 percent decline year-on-year from Rs.39.96 crores in Q4 FY24. However, revenue surged 70.92 percent sequentially from Rs.22.31 crores in Q3 FY25, indicating strong quarterly momentum.
The company posted a net profit of Rs.1.70 crores in Q4 FY25, down 31.73 percent year-on-year from Rs.2.49 crores. On a sequential basis, net profit jumped 335.90 percent from Rs.0.39 crores in Q3 FY25, supported by improved cost efficiency and operational performance.
The company has a Return on Capital Employed (ROCE) of 8.91 percent and a Return on Equity (ROE) of 4.38 percent. Its Price-to-Earnings (P/E) ratio stands at 19.65, lower than the industry P/E of 41.84. Furthermore, the company maintains a current ratio of 2.84, a debt-to-equity ratio of 0.89, and an Earnings Per Share (EPS) of Rs.4.14.
Shareholding Pattern
As of March 2025, Mitcon Consultancy & Engineering Services Ltd has no promoter holding in its shareholding structure. Foreign Institutional Investors (FIIs) own 17.33 percent, while Domestic Institutional Investors (DIIs) account for 2.23 percent. Retail investors hold the largest share at 75.80 percent, with the government owning the remaining 4.64 percent.
Written by: Siddesh S Raskar
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