Manpower service provider bags order worth Rs 2,19,89,056.97 from Power Grid Corporation of India Ltd
The stock gave multibagger returns of 444 per cent from its 52-week low of Rs 93 per share.
ITCONS E-Solutions Limited has secured a new domestic work order from Power Grid Corporation of India Limited, Ministry of Power, valued at Rs 2,19,89,056.97, inclusive of all applicable taxes. This contract involves the supply of 23 highly-skilled manpower resources on a contractual basis for a period of two years, commencing from July 1, 2025, and concluding on June 30, 2027. This order represents another significant achievement for ITCONS E-Solutions, further solidifying its relationship with Power Grid Corporation of India Limited.
Earlier, the company secured two significant new orders totalling Rs 2,06,39,267.89, bolstering its presence in the IT services sector. The first order, valued at Rs 62,66,867.89, is from Wipro Limited for providing technical manpower services, with a completion date of November 30, 2025. The second set of orders, from HCL Technologies Limited, totals Rs 1,43,72,400 for technical and on-call support services, to be completed by March 31, 2026. These domestic contracts underscore ITCONS E-Solutions' ongoing success in securing substantial work from leading Indian IT companies.
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Founded in 2007, ITCONS E-Solutions Ltd has carved a niche in India's human resource landscape. Headquartered in New Delhi, they serve both public and private organisations across diverse industries like IT, FMCG, and food. Their core strength lies in providing a comprehensive suite of HR solutions. This includes permanent and temporary staffing, recruitment process outsourcing, payroll services, and even managed IT services. ITCONS boasts a team of over 800, leveraging their expertise to offer specialised services in various segments, helping businesses find the right talent and streamline their HR processes.
According to the financials, ITCONS E-Solutions has a market cap of Rs 259 crore. The stock gave multibagger returns of 444 per cent from its 52-week low of Rs 93 per share. The company's shares have a PE of 90x, an ROE of 13 per cent and an ROCE of 17 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.