Manpower service provider secures an order worth Rs 3,85,25,972.49 from Hindustan Aeronautics Limited (HAL)

ITCONS E-Solutions Limited has secured a significant two-year contract from Hindustan Aeronautics Limited (HAL), operating under the Department of Defence Production, Ministry of Defence, for the supply of manpower services. This domestic contract, valued at Rs 3,85,25,972.49 (Indian Rupees Three Crore Eighty-Five Lakh Twenty-Five Thousand Nine Hundred Seventy-Two and Forty-Nine Paisa) inclusive of all taxes and duties, is scheduled to commence on October 06, 2025, and will remain in force until October 05, 2027. This award represents a major milestone for the company and underscores the continued confidence placed in ITCONS E-Solutions Limited by key Government entities.

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 organisations 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 300 crore. The stock is up by 31 per cent from its 52-week low of Rs 415.15 per share and gave multibagger returns of 985 per cent in 2 years. The company's shares have a PE of 90x, an ROE of 13 per cent and an ROCE of 17 per cent.

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Disclaimer: The article is for informational purposes only and not investment advice.