ITCONS E-Solutions Ltd soars over 4% as the company strikes a new deal

On Tuesday, the shares of ITCONS E-Solutions Limited soared 4.63%. the 52-week high and low are Rs 52.75 per share and Rs 33.01 per share, respectively on BSE.  The company’s current market capitalisation is Rs 22.73 crore.

On July 24, 2023, the company entered into a 3-year agreement with Affine Analytics Private Limited (“Affine”) to avail of Temp Staffing Services. Affine serves as a Digital Transformation partner, driving business transformation through the use of AI, Data Engineering, and Cloud technologies.

With their specialised expertise in industries like Gaming, Manufacturing, and Consumer Packaged Goods (CPG), Affine offers comprehensive solutions, including Cloud Advisory and Assessment, Cloud Migration, Data Lake Design and Development, Advanced Analytics powered by Big Data, AI & Deep Learning Solutions, Deployment Consulting, and Architecture Design.

About ITCONS E-Solutions

ITCONS E-Solutions Limited incorporated in 2007, is based in New Delhi, India. The company is primarily involved in the business of providing human resource services to both public and private organizations. As a provider of HR services, ITCONS E-Solutions offers a range of solutions related to talent acquisition, recruitment, staffing, and other HR-related functions to cater to the needs of its clients from various sectors.

ITCONS E-Solutions Limited boasts a notably lower Price to Earnings (P/E) ratio of 13.14 times, which stands in stark contrast to Sheela Foam, and Cams Services with P/E ratios of 62.79 and 43.23 times, respectively. The P/E ratio is a key metric that showcases the relationship between a company’s stock share price and its earnings per share (EPS). This significant difference in P/E ratios highlights the more favourable valuation of RITES when compared to its industry peers.

Additionally, the company demonstrates an impressive Return on Capital Employed (ROCE) of 74.77 %, outperforming its industry peers like Sheela Foam with 13.64 % and Cams Services with 48.47%. These metrics clearly highlight ITCONS E-Solutions superior financial performance and efficiency in utilising capital.

Keep a close eye on this newly listed stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.