Those who invest in the stock market are often looking for shares that can give them manifold returns of their investment. One such stock is the list on BSE SME platform itCons E-Solutions. This share has proved to be a multibagger for investors.

In March 2023, this stock listed at the issue price of 51 has given a return of more than 1,178 percent in just two years. Even today, despite the weak market, this stock remained in the green mark and touched the level of 514.50 in Intrade.

Great performance in long term

In the last one year, this stock has risen 886 percent, although this year (YTD) has so far declined by 20.57 percent. Despite this decline, this stock has given huge profits to IPO allotes.

Financial hall of the company

ITCONS E-Solutions increased their revenue in FY25 to Rs 57.06 crore against the previous year’s Rs 28.73 crore. The company’s net profit also increased from Rs 1.90 crore to Rs 3.20 crore, while EPS was Rs 5.23.

Strength from new business segment

Apart from IT manpower services, the company entered the new segment like Technical Testing and IT Asset Management Consulting, generating a revenue of Rs 13 crore. The company has made a lot of progress in government projects and the number of government clients has increased from 2 to 21.

What is the message for investors?

This stock has given big profits to small investors, but in view of this year’s decline, new investors need to be cautious. If the company continues to grow in its new business segment, then there may be a possibility of good returns in future also.

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