Manpower Service Provider Bags New Order Worth Rs 37,19,481.19 From Indian Railways, Ministry of Railways

The stock gave multibagger returns of 1,363 per cent from its 52-week low of Rs 40 per share.

ITCONS E-Solutions Limited has been awarded a new two-year contract by Diesel Loco Modernization Works (DMW), Patiala, Indian Railways, Ministry of Railways, to provide eight manpower services. This domestic contract, valued at INR 37,19,481.19/- (inclusive of all duties and taxes), will run from February 15, 2025, to February 14, 2027.

Earlier, the company secured a one-year contract with Dr. Harisingh Gour Vishwavidyalaya, Ministry of Education, Department of Higher Education, to provide 201 manpower services. This domestic contract, valued at Rs 5,41,62,292.22 (inclusive of all duties and taxes), will span from February 1, 2025, to January 31, 2026.

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 organizations 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 290 crore. The stock gave multibagger returns of 1,363 per cent from its 52-week low of Rs 40 per share. The company's shares have a PE of 120x, an ROE of 15 per cent and an ROCE of 21 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.