ITCONS E-Solutions Limited

Provides manpower outsourcing services to Indian central and state government departments, deploying contract staff to ministries, defence bodies, research councils and police organisations. Contract wins reported during FY26 cover the Ministry of Defence (Indian Army, AWEIL, DG Defence Estate), Ministry of Ayush, ICMR, ICAR/DARE, Sports Authority of India, Delhi Police, KVIC and the Board of Revenue, Uttar Pradesh, with engagements ranging from five months to two years and resource deployments typically in single or double digits per contract. Revenue from operations in FY26 stood at ₹8,774.36 lakh, a 56.7% increase from ₹5,598.41 lakh in FY25, while profit after tax was ₹525.66 lakh (up 61.8%) and basic EPS was ₹8.05. The cost structure is dominated by employee costs at 79.1% of revenue, with other operating expenses at 14.9% and capex at 6.9% of revenue; materials are nil, reflecting a pure services model. Operating cash flow was negative at ₹1,222.90 lakh in FY26, driven by a sharp build-up of trade receivables. The company is listed on the BSE SME platform and is classified under Diversified Commercial Services.