Synopsis:
ITCONS E-Solutions Ltd is in focus after receiving a two-year contract from Hindustan Aeronautics Limited.
A micro-cap company engaged in the business of Recruitment and staffing services, is in the spotlight after receiving a two-year contract from Hindustan Aeronautics Limited worth Rs. 3.85 crore.
With the market capitalization of Rs. 317.70 crore, the shares of ITCONS E-Solutions Ltd is closed at Rs. 539.70 on Thursday, down by 1.67 percent from its previous day’s close price of Rs. 548.85 per equity share
Work Order
Itcons E-Solutions Limited has secured a two-year contract with Hindustan Aeronautics Limited, under the Department of Defence Production, Ministry of Defence, to provide manpower services. The contract, valued at Rs. 3.85 crore (inclusive of all taxes), will run from October 6, 2025, to October 5, 2027.
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About the Company & Others
Itcons E-Solutions Limited, founded in 2007 and based in Noida, provides recruitment and staffing services in India, including IT and general staffing, RPO, payroll, and managed IT services, catering to industries like IT, healthcare, manufacturing, logistics, finance, and government sectors.
A return on equity (ROE) of about 12.8 percent, a return on capital employed (ROCE) of about 17.2 percent and debt to equity ratio at 0.10 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 100x higher as compared to its industry P/E 25.2x.
The company reported revenue of Rs. 38.45 crore in H2 FY25, up 119.21 percent from Rs. 17.54 crore in H1 FY25 and 144.59 percent from Rs. 15.72 crore in H2 FY24. Profit for H2 FY25 was Rs. 1.96 crore, increasing 51.94 percent from Rs. 1.29 crore in H1 FY25 and 71.93 percent from Rs. 1.14 crore in H2 FY24, showing strong sequential and annual growth.
Written by Akshay Sanghavi
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