The shares of this leading Staffing and Recruitment Services Provider gained up to 18 percent after the company received a work order from the Ministry of Defence worth Rs.10.81 lakhs for providing staffing services for one year.
With a market capitalization of Rs 23.03 crore, the shares of ITCONS E-Solutions Ltd closed at Rs 45.80 per share, increased by around 12.61 percent as compared to the previous closed price of Rs 40.67 apiece.
According to the company filing, ITCONS E-Solutions Ltd received a work order from the Ministry of Defence worth Rs. 10.81 lakhs for providing staffing services for one year.
Looking into the company’s financial, ITCONS E-Solutions Ltd’s revenue increased by 55 percent from Rs 18.18 Crore in FY2021-22 to 28.20 Crore in FY2022-23. During the same period, net profits increased by 34 percent from Rs 1.29 crore to Rs 1.73 crore.
Within the People Services area, the company’s general staffing business continues to outperform. ITCONS E-Solutions additionally hired around 700 individuals during the year, further solidifying the company’s market-leading position with an overall workforce headcount of over 1600+ workers.
ITCONS E-Solutions Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 24 percent and a return on capital employed (ROCE) of 31.7 percent. The company’s debt-equity ratio is zero.
ITCONS E-Solutions Ltd’s recent shareholding pattern, The Promoters of the company own 59.36 percent while Retail shareholders own a 40.64 percent stake in the company.
ITCONS E-Solutions Limited is a corporation that provides human resource services to both public and commercial businesses.
Penny stock financial statements may not accurately reflect their true conditions, investment in them includes inherent risks and should be done with prudence. This article contains no financial advice.
Written by:- Abhishek Singh
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