1,500 per cent multibagger returns: Human resource services company bags new orders worth Rs 41,32,836.36 from Ministry of Defence
The shares of the company have a PE of 184x, an ROE of 15 per cent and an ROCE of 21 per cent.
ITCONS E-Solutions Limited has secured two new contracts from the Ministry of Defence. The first contract, worth Rs 33,55,012.05, is with the Indian Navy for providing eight skilled data entry operators for a year. The second contract, worth Rs 7,77,824.31, is with Advanced Weapons and Equipment India Limited for providing two skilled employees for a year.
Earlier this year, ITCONS E-Solutions Limited also bagged a contract from Proteam Advisory Solutions LLP for providing technical services related to asset data management for a period of three years. The total contract value is Rs 45,00,00,000, with a monthly billing of Rs 1,25,00,000. This contract is also with a domestic entity.
These contracts demonstrate ITCONS E-Solutions Limited's capabilities in providing skilled manpower and technical services to the Indian government. The company's ability to secure these contracts is a testament to its expertise and reputation in the industry.
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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 over 1,500 per cent from its 52-week low of Rs 39.65 per share. The shares of the company have a PE of 184x, 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.