Multibagger stock engaged in the business of providing human resource services to public and private organizations for diverse roles and responsibilities hit a 5 percent upper circuit in the day’s trade upon receiving work orders from the Ministry of Railway and Communications.
Price Action
With a market capitalization of Rs. 250 Crores, the shares of Itcons E-Solutions Limited hit a 5 percent upper circuit in the day’s trade at Rs. 497.70, from its previous day’s close price of Rs. 474. It has delivered multibagger returns of 993 percent in a year.
What Happened
Itcons E-Solutions Limited has received a new work order from the Office of the Chief Administrative Officer SER, South Eastern Railway, Ministry of Railways for a consideration of Rs. 87.55 Lakhs for 21 skilled Computer Operator employees on a contractual basis for a period of 1 year.
In Addition, it has received another work order from the National Institute of Communication Finance, Department of Telecommunications (DOT), Ministry of Communications for providing IT Technical Engineers for a period of 3 years for a consideration of Rs. 13.15 Lakhs.
It received an additional work order worth Rs. 23.76 Lakhs from Wipro Limited to provide onsite support services for managing the network, IT helpdesk, and desktop services at different locations of ICICI Bank.
About the Company
Itcons E-Solutions Limited is engaged in the business of providing human resource services to public and private organizations for diverse roles and responsibilities. It is engaged in developing its service offering to support its clients in their end-to-end human resource (HR) needs through its range of services.
Its services offering includes manpower supply/recruitment services, information technology staffing, general staffing, re-badging, recruitment process outsourcing, pass-through services, payroll services, managed it services, and product installation and servicing solutions.
Financials & Ratios
Its Revenue from operations grew by 1.06 percent from Rs. 28.20 Crores in FY23 to Rs. 28.50 Crores in FY24, accompanied by profits of Rs.1.73 Crores to Rs. 1.91 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 15.7 percent, and a return on capital employed (ROCE) of 23.8 percent. It has reported a debt-to-equity ratio of 0.13.
Written by: Bharath K.S
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