Synopsis: ITCONS E-Solutions Limited secured a ₹4.15 crore, two-year manpower outsourcing contract from Hindustan Aeronautics Limited to deploy 75 resources starting January 2026.
This Micro-cap stock, engaged in IT staffing, recruitment, manpower supply, managed IT services, and green energy solutions across India, is in focus after securing a new domestic contract from Hindustan Aeronautics Limited.
With a market capitalization of Rs. 256.65 crore, the shares of ITCONS E-Solutions Limited were currently trading at Rs. 436 per equity share, down nearly 0.37 percent from its previous day’s close price of Rs. 437.60.
ITCONS E-Solutions Limited has received a new contract from Hindustan Aeronautics Limited, a Government of India enterprise under the Ministry of Defence. Under this contract, the company will provide 75 manpower resources for a period of two years, starting from January 1, 2026, to December 31, 2027. The total value of the contract is approximately Rs. 4.15 crore, reflecting the continued trust of government agencies in the company’s services.
On December 23, 2025, ITCONS E-Solutions Limited was awarded a one-year manpower outsourcing contract worth about Rs. 1.60 crore by the Directorate of Enforcement to deploy 38 resources from January 2026 till December 31, 2026. On December 16, 2025, the company also awarded a one-year manpower outsourcing contract worth Rs. 66.24 lakh by the Department of Agricultural Research and Education to deploy 9 resources from January 2026 till December 31, 2026.
Additionally, on December 02, 2025, the company secured a one-year manpower outsourcing contract worth about Rs. 30.60 lakh from the Centre for Development of Telematics to deploy 10 resources starting January 2026 till December 31, 2026.
ITCONS E-Solutions Limited was established in 2007. It started as an IT staffing provider and has grown into a pan-India staffing and recruitment firm serving public and private organizations across sectors like IT, healthcare, food, FMCG, and more. The company focuses on human resource services, including manpower supply, recruitment, and staffing solutions with SLA/KPI-based models and project management support. It offers general staffing, permanent hiring, rebadging, payrolling, recruitment process outsourcing (RPO), pass-through services, and managed IT services such as help desk, network monitoring, system upgrades, and security management.
ITCONS E-Solutions Limited’s key products and services also cover product installation, servicing, data backups, and 24×7 monitoring, helping clients manage HR needs cost-effectively. Recently, it expanded into green energy, including solar power plants.
Coming into financial highlights, ITCONS E-Solutions Limited’s revenue has increased from Rs. 17.54 crore in H1 FY25 to Rs. 40.19 crore in H1 FY26, which has grown by 129.13 percent. The net profit has also grown by 115.50 percent from Rs. 1.29 crore in H1 FY25 to Rs. 2.78 crore in H1 FY26. 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 17.2 percent and 12.8 percent, respectively. ITCONS E-Solutions Limited has an earnings per share (EPS) of Rs. 8.11, and its debt-to-equity ratio is 0.20x.
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