Synopsis: ITCONS E-Solutions Ltd hit a 20% upper circuit after securing a ₹1.60 crore contract with the Directorate of Enforcement, Ministry of Finance, Delhi, to provide 38 manpower resources for one year from January 2026.
The shares of the Micro-Cap stock specializing in comprehensive staffing, recruitment, and HR services, offering permanent/temporary staffing, IT consulting, payroll management, and rebadging solutions for several sectors, hit a 20 percent upper circuit upon securing a contract from the Ministry of Finance.
With a market capitalization of Rs. 309.45 crores on Wednesday, the shares of ITCONS E-Solutions Ltd hit a 20 percent upper circuit, making a high of Rs. 525.70 per share compared to its previous closing price of Rs. 438.10 per share.
What Happened
ITCONS E-Solutions Ltd, engaged in comprehensive staffing, recruitment, and HR services, offering permanent/temporary staffing, IT consulting, payroll management, and rebadging solutions for several sectors, has been awarded a new contract by the Directorate of Enforcement, Department of Revenue, Ministry of Finance, Delhi.
The contract is to provide 38 resources for a period of one year, commencing from January 01, 2026, to December 31, 2026, unless extended further by mutual agreement. The total contract value is approximately Rs. 1.60 crores, inclusive of all taxes and duties.
The contract is for manpower outsourcing services and has been awarded by a domestic government entity. This award signifies a significant milestone for the Company, reflecting the continued trust reposed in it by Government agencies.
Financials & Others
The company’s revenue rose by 129 percent from Rs. 17.54 crore in September 2024 to Rs. 40.19 crore in September 2025. Meanwhile, the Net profit rose from Rs. 1.29 crore to Rs. 2.78 crore during the same period.
The company shows a decent financial performance with a ROCE of 17.2% and a ROE of 12.8%, indicating efficient use of capital and shareholder funds. Its debt-to-equity ratio of 0.20 reflects a low reliance on debt, suggesting a strong and stable financial structure.
As of September 2025, the shareholding pattern shows that promoters hold 56.78%, institutional investors (DII) hold 0.35%, and the public holds 42.87% of the shares, indicating majority promoter control with a significant public stake.
Along with it, the company has demonstrated strong growth, with a 3-year compounded sales growth of 45% and a 3-year compounded profit growth of 36%, reflecting robust expansion and profitability over the period.
ITCONS e-Solutions is a Pan India, professional staffing and recruitment company specialising in strategic services for the Information Technology, Healthcare, Manufacturing, Oil and Gas, Engineering, Logistics/Transportation, Light Industrial, Media, Finance/Accounting, Administrative Services/Clerical, Marketing/Creative, related industries, along with the State Govt. Central Govt. and PSUs.
The company boasts extensive experience with 15+ years in the industry, over 235 successful projects, 500+ satisfied clients, and a team of 1000+ employees, highlighting its expertise and strong operational capacity.
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