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MITCON Consultancy & Engineering Services (NSE:MITCON) ROE % : 2.87% (As of Sep. 2024)


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What is MITCON Consultancy & Engineering Services ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MITCON Consultancy & Engineering Services's annualized net income for the quarter that ended in Sep. 2024 was ₹36 Mil. MITCON Consultancy & Engineering Services's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was ₹1,266 Mil. Therefore, MITCON Consultancy & Engineering Services's annualized ROE % for the quarter that ended in Sep. 2024 was 2.87%.

The historical rank and industry rank for MITCON Consultancy & Engineering Services's ROE % or its related term are showing as below:

NSE:MITCON' s ROE % Range Over the Past 10 Years
Min: -2.26   Med: 2.71   Max: 6.33
Current: 5.32

During the past 12 years, MITCON Consultancy & Engineering Services's highest ROE % was 6.33%. The lowest was -2.26%. And the median was 2.71%.

NSE:MITCON's ROE % is ranked worse than
55.87% of 1677 companies
in the Construction industry
Industry Median: 6.53 vs NSE:MITCON: 5.32

MITCON Consultancy & Engineering Services ROE % Historical Data

The historical data trend for MITCON Consultancy & Engineering Services's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MITCON Consultancy & Engineering Services ROE % Chart

MITCON Consultancy & Engineering Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 -2.26 1.14 4.11 4.65

MITCON Consultancy & Engineering Services Quarterly Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.16 3.91 5.38 8.85 2.87

Competitive Comparison of MITCON Consultancy & Engineering Services's ROE %

For the Engineering & Construction subindustry, MITCON Consultancy & Engineering Services's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MITCON Consultancy & Engineering Services's ROE % Distribution in the Construction Industry

For the Construction industry and Industrials sector, MITCON Consultancy & Engineering Services's ROE % distribution charts can be found below:

* The bar in red indicates where MITCON Consultancy & Engineering Services's ROE % falls into.



MITCON Consultancy & Engineering Services ROE % Calculation

MITCON Consultancy & Engineering Services's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=53.343/( (1074.623+1218.756)/ 2 )
=53.343/1146.6895
=4.65 %

MITCON Consultancy & Engineering Services's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=36.292/( (0+1265.692)/ 1 )
=36.292/1265.692
=2.87 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


MITCON Consultancy & Engineering Services  (NSE:MITCON) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=36.292/1265.692
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(36.292 / 1113.58)*(1113.58 / 3138.956)*(3138.956 / 1265.692)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.26 %*0.3548*2.48
=ROA %*Equity Multiplier
=1.16 %*2.48
=2.87 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=36.292/1265.692
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (36.292 / 94.312) * (94.312 / 205.544) * (205.544 / 1113.58) * (1113.58 / 3138.956) * (3138.956 / 1265.692)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.3848 * 0.4588 * 18.46 % * 0.3548 * 2.48
=2.87 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


MITCON Consultancy & Engineering Services ROE % Related Terms

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MITCON Consultancy & Engineering Services Business Description

Traded in Other Exchanges
Address
Kubera Chambers, First Floor, Shivajinagar, Pune, MH, IND, 411005
MITCON Consultancy & Engineering Services Ltd is a consultancy company. The company's operating segments include Consultancy and Training, Project Services, and Wind Power Generation. It generates maximum revenue from the Consultancy and Training segment. The company serves various sectors such as Energy Transition, Renewables, Biofuels, Green Chemistry, Skill Development, Environment Management and Engineering, Business Advisory Services, Infrastructure, and others.

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