Microcap stock jumps after securing ₹10 Cr order from Government of India

Synopsis:
ITCONS E-Solutions secures a ₹9.81 crore contract from the Ministry of Textiles, Government of India, to deploy 134 skilled staff for two years.

This microcap stock, engaged in providing human resource services to both public and private organizations, mainly in the organized sector, jumped 2 percent after securing an order worth Rs. 10 crore from the Ministry of Textiles, Government of India.

With a market capitalization of Rs. 285 crores, the share of ITCONS E-Solutions Limited has reached an intraday high of Rs. 495 per equity share, rising nearly 2.06 percent from its opening price of Rs. 485. Since then, the stock has retreated and is currently trading at Rs. 492 per equity share. 

What is the News?

ITCONS E-Solutions Limited has received a new order from the Ministry of Textiles, Government of India. Under this agreement, the company will provide 134 skilled and semi-skilled staff for different projects. 

The contract will run for two years, starting on September 8, 2025, and ending on September 7, 2027, with the option to extend if both parties agree. The total value of the order is about Rs. 9.81 crore, including all taxes and duties. This order is an important achievement for ITCONS E-Solutions, as it shows the government’s continued trust in the company’s services and its ability to deliver manpower support efficiently.

Company Overview

ITCONS E-Solutions Limited was established in 2007 and is headquartered in Noida, Uttar Pradesh. The company is a professional staffing and recruitment firm operating pan-India, specializing in strategic staffing and recruitment services for multiple sectors, including Information Technology, Healthcare, Manufacturing, Oil and Gas, Engineering, Logistics, Media, Finance, Administrative Services, and more. 

The company provides various services such as IT staffing, general staffing, rebadging, recruitment process outsourcing (RPO), payrolling, pass-through services, and managed IT services.

ITCONS e-Solutions has a workforce of over 1,000 to 5,000 employees and serves a wide client base that includes several prestigious companies like Wipro Technologies, HCL Technologies, Tech Mahindra, and Central Warehousing Corporation, among others. 

The company emphasizes cost-effective staffing solutions delivered through a collaborative approach, leveraging technology and skilled professionals. ITCONS is also expanding into emerging sectors like green energy and electric vehicle (EV) infrastructure, aiming to diversify and enhance its service offerings.

Recent quarter results

Coming into financial highlights, ITCONS E-Solutions Limited’s revenue has increased from Rs. 15.72 crore in H2 FY24 to Rs. 38.45 crore in H2 FY25, which has grown by 144.59 percent. The net profit has also grown by 71.93 percent from Rs. 1.14 crore in H2 FY24 to Rs. 1.96 crore in H2 FY25. ITCONS E-Solutions Limited’s revenue and net profit have grown at a CAGR of 46.34 percent and 96.83 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 16.9 percent and 12.7 percent, respectively. ITCONS E-Solutions Limited has an earnings per share (EPS) of Rs. 5.80, and its debt-to-equity ratio is 0.10x.

Written By – Nikhil Nai

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