One of the microcap stocks engaged in providing human resource services to both public and private organizations, mainly in the organized sector. The stock is in focus after securing an order worth Rs. 5.42 crore from Dr. Harisingh Gour Vishwavidyalaya, Ministry of Education.
Stock Price Movement
With a market capitalization of Rs. 296.19 crores, the shares of ITCONS E-Solutions Limited’s stock plunged by 5 percent, reaching a lower circuit of Rs. 589 per share on Tuesday, down from its previous closing price of Rs. 620 per share.
What Happened
ITCONS E-Solutions Limited has secured a work order from Dr. Harisingh Gour Vishwavidyalaya, Ministry of Education, Department of Higher Education.
The contract involves providing 201 manpower services on a contractual basis for a 1-year period, commencing on February 1, 2025, and ending on January 31, 2026. The total contract value is Rs. 5.42 crore. The project will further strengthen ITCONS’ standing in the education sector.
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Recent Orders
ITCONS E-Solutions Limited has secured several work orders in the last few weeks, reaffirming its leadership in providing manpower services. On January 7, 2025, the company was awarded a contract by Central Warehousing Corporation (CWC), Chandigarh for manpower services over 2 years with a total contract value of Rs. 4.03 crore.
On December 30, 2024, the company received a contract from the National Automotive Board, Department of Heavy Industry, to provide manpower services for 2 years at a value of Rs. 3.37 crore. Additionally, on December 23, 2024, ITCONS secured another work order from CWC, Kochi, with a total value of Rs. 3.62 crore.
Services Offering
The company provides diverse manpower solutions, including recruitment services for permanent and temporary roles, recruitment process outsourcing (RPO), payroll services, managed IT services, general staffing, and re-badging services. These offerings ensure efficient staffing and outsourcing models to meet clients’ dynamic workforce needs.
Recent quarter results
ITCONS E-Solutions Limited’s revenue has increased from Rs. 12.78 crore in H1 FY24 to Rs. 17.54 crore in H1 FY25, which has grown by 37.25 percent. The net profit has also grown by 67.53 percent, from Rs. 0.77 crore in H1 FY24 to Rs. 1.29 crore in H1 FY25.
Written By – Nikhil Naik
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