1,378 per cent multibagger returns: Micro-cap company bags new order worth Rs 17,42,72,248.51 from Ministry of Health and Family Welfare
The shares of the company have a PE of 154x, an ROE of 15 per cent and an ROCE of 21 per cent.
ITCONS E-Solutions Limited has been awarded a contract by the National Institute of Biologicals, a part of the Department of Health and Family Welfare under the Ministry of Health and Family Welfare, for the provision of manpower services. The contract entails supplying 129 resources on a contractual basis for a duration of three years. This domestic contract, valued at Rs 17,42,72,248.51 (inclusive of all taxes), involves the provision of manpower services to the National Institute of Biologicals, fulfilling their specific requirements over the specified three-year period.
Earlier, the company secured two new contracts from defence entities. The first contract, awarded by Advanced Weapons and Equipment India Limited, involves providing two skilled employees on a contractual basis for a year. This domestic contract is valued at Rs 7,77,824.31. Additionally, the company has been awarded another contract by the Indian Navy to provide eight highly skilled data entry operators for a year. This contract, also domestic, is valued at Rs 33,55,012.05. These contracts demonstrate the company's expertise in providing skilled manpower services to the defence sector
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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 organizations 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 over Rs 330 crore. Additionally, the company has reduced its debt and is almost debt-free. The stock gave multibagger returns of 1,378 per cent from its 52-week low of Rs 39.65 per share. The shares of the company have a PE of 154x, 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.