Manpower service provider secures order worth Rs 9,81,34,124.41 from Ministry of Textiles, Government of India

ITCONS E-Solutions Limited has secured a significant domestic contract from the Ministry of Textiles, Government of India. The order is for the supply and deployment of 134 skilled and semi-skilled resources. This two-year contract, which is set to begin on September 8, 2025, and run until September 7, 2027, is valued at Rs 9,81,34,124.41, inclusive of all taxes and duties.

The contract focuses on providing manpower services to the government entity, highlighting ITCONS E-Solutions' role in fulfilling public sector staffing needs. The agreement is a fixed-term arrangement, though it allows for a potential extension based on mutual agreement between both parties.

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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 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 Rs 285 crore. The stock is up by 19.2 per cent from its 52-week low of Rs 415.15 per share and gave multibagger returns of over 1,000 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.

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