Manpower service provider enters into a master service agreement with Zomato Hyperpure Private Limited
The stock gave multibagger returns of 1,000 per cent from its 52-week low of Rs 49.22 per share.
ITCONS E-Solutions Limited has entered into a Master Service Agreement with Zomato Hyperpure Private Limited (Zomato) to provide Manpower Services for a period of two years. This domestic agreement is a significant milestone for ITCONS E-Solutions, strengthening its partnership with Zomato. Under the agreement, ITCONS will provide manpower services as per Statements of Work (SOW) raised by Zomato on an as-needed basis, meaning the quantum and number of resources will be determined by Zomato's evolving requirements.
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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 279 crore. The stock gave multibagger returns of 1,000 per cent from its 52-week low of Rs 49.22 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.