ITCONS e-Solutions, listed on the BSE SME platform, has delivered over 1100% returns in two years since its listing in March 2023 at an issue price of ₹51. The company's revenue increased from ₹28.73 crore to ₹57.06 crore, and net profit from ₹1.90 crore to ₹3.20 crore in FY25. This growth is attributed to new business segments and expansion into government projects.
Share Performance and Returns
ITCONS e-Solutions, listed on the BSE SME platform, debuted at ₹51 in March 2023. Since then, this stock has proven to be a multibagger for investors. The company's shares have delivered over 1178% returns in the last two years. Despite the recent weak market, this stock remained in the green, reaching a high of ₹514.50 in intraday trading.
The share recorded an 886% increase in the last year, although it has seen a decline of approximately 20.57% year-to-date (YTD). Despite this decline, IPO investors have made substantial profits from this stock.
Improved Financial Performance
In FY25, ITCONS e-Solutions increased its revenue from ₹28.73 crore in the previous year to ₹57.06 crore. During the same period, the company's net profit rose from ₹1.90 crore to ₹3.20 crore. The company's Earnings Per Share (EPS) for this fiscal year was ₹5.23.
New Business Segments and Government Projects
The company has expanded into new business segments such as Technical Testing and IT Asset Management Consulting, in addition to its IT manpower services. These new segments contributed approximately ₹13 crore in revenue.
The company has also expanded its presence in government projects. The number of government clients increased from 2 in March 2023 to 21. This expansion has played a significant role in strengthening the company's financial position.
Implications for Investors
ITCONS e-Solutions has delivered positive returns for both short-term and long-term investors. However, given the recent decline in share price, new investors should exercise caution. If the company continues its growth in new business segments and government projects, there is potential for further good returns in the future.
