Quess Corp Ltd

Quess Corp Ltd

₹ 218 -2.42%
11 Nov 3:43 p.m.
About

Quess Corp Limited (Quess) is India’s leading business services provider, leveraging its extensive domain knowledge and future-ready
digital platforms to drive client productivity through outsourced solutions.[1]

Key Points

Business Segments
1) Workforce Management (72% in H1 FY25 vs 67% in FY22): [1] [2] The company offers General Staffing, IT Staffing, RPO, MSP, and Permanent Recruitment services. It operates 73 offices in India and 23 across APAC, ME, North America, and Canada. [3] It is the leading staffing player in India and amongst the top 5 Staffing companies globally by headcount, serving 3,000+ clients. [4]

  • Market Cap 3,259 Cr.
  • Current Price 218
  • High / Low 379 / 218
  • Stock P/E 15.7
  • Book Value 61.3
  • Dividend Yield 4.52 %
  • ROCE 13.5 %
  • ROE 15.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 4.53%.
  • Company has been maintaining a healthy dividend payout of 74.8%
  • Debtor days have improved from 51.1 to 35.3 days.
  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Stock is trading at 3.55 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 12.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,031 3,540 3,547 3,719 3,851 3,959 3,140 3,286 3,412 3,725 3,365 3,366 3,541
2,990 3,435 3,443 3,601 3,738 3,834 3,096 3,242 3,351 3,676 3,313 3,311 3,481
Operating Profit 40 105 105 118 113 126 44 44 61 49 52 55 60
OPM % 1% 3% 3% 3% 3% 3% 1% 1% 2% 1% 2% 2% 2%
3 54 15 18 30 31 83 22 66 8 -119 17 -7
Interest 13 24 25 23 24 27 17 10 9 9 9 9 12
Depreciation 14 46 50 46 47 47 11 10 10 9 9 10 10
Profit before tax 17 89 44 68 73 83 101 45 108 38 -86 53 31
Tax % -23% 9% 40% 11% -6% -22% -3% -12% -2% -7% -5% -0% 12%
21 81 26 60 77 101 104 51 109 41 -81 53 27
EPS in Rs 1.39 5.46 1.77 4.07 5.19 6.83 7.00 3.41 7.37 2.77 -5.46 3.54 1.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 9m Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
616 2,373 2,918 3,443 4,411 5,695 7,740 7,483 9,758 13,638 12,050 13,787 13,996
605 2,240 2,775 3,254 4,167 5,364 7,397 7,286 9,519 13,202 11,877 13,582 13,781
Operating Profit 11 133 144 188 244 331 343 198 239 436 173 206 215
OPM % 2% 6% 5% 5% 6% 6% 4% 3% 2% 3% 1% 1% 2%
1 5 10 16 42 34 -488 -111 37 71 244 -24 -101
Interest 5 22 27 39 47 65 97 64 48 89 56 37 39
Depreciation 1 17 15 22 35 45 66 53 48 178 39 39 38
Profit before tax 6 100 111 144 204 254 -307 -30 181 239 322 106 36
Tax % 32% 37% 29% 34% -27% 8% 10% 236% 20% 13% -6% -14%
4 63 79 95 259 234 -337 -100 145 208 343 120 40
EPS in Rs 2.13 24.28 6.93 7.48 17.82 16.02 -22.84 -6.76 9.79 14.03 23.09 8.07 2.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% -104% 41% 57% 43% 124%
Compounded Sales Growth
10 Years: 19%
5 Years: 12%
3 Years: 12%
TTM: 1%
Compounded Profit Growth
10 Years: 16%
5 Years: 10%
3 Years: 8%
TTM: -42%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: -2%
1 Year: -35%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 13%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 19 26 113 127 145 146 148 148 148 148 149 149 149
Reserves 64 235 220 1,131 2,216 2,475 2,171 2,077 2,061 2,248 2,540 781 765
108 168 263 535 728 570 925 375 527 835 682 112 108
97 200 365 403 503 579 636 663 1,203 1,778 1,966 1,452 1,651
Total Liabilities 287 629 961 2,196 3,592 3,770 3,879 3,263 3,938 5,009 5,337 2,494 2,673
2 107 103 754 782 763 459 412 440 924 891 112 115
CWIP 0 0 1 9 2 5 0 7 1 1 2 0 0
Investments 106 5 17 190 799 725 1,204 1,114 1,289 1,010 1,024 243 243
179 518 840 1,243 2,009 2,277 2,216 1,729 2,208 3,074 3,420 2,139 2,315
Total Assets 287 629 961 2,196 3,592 3,770 3,879 3,263 3,938 5,009 5,337 2,494 2,673

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5 3 -13 50 83 113 140 255 200 345 405 327
-58 -68 -38 -515 -892 36 -319 72 -144 19 150 -122
66 83 70 607 995 -221 230 -615 -64 -382 -450 -316
Net Cash Flow 12 18 19 142 185 -71 51 -288 -9 -18 105 -111

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 27 33 41 32 45 34 22 55 56 52 66 35
Inventory Days
Days Payable
Cash Conversion Cycle 27 33 41 32 45 34 22 55 56 52 66 35
Working Capital Days -10 5 3 -7 6 17 -9 17 3 1 7 4
ROCE % 39% 27% 15% 10% 10% 10% 6% 12% 11% 8% 13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.90% 56.75% 56.69% 56.66% 56.65% 56.64% 56.64% 56.60% 56.56% 56.99% 56.98% 56.92%
21.78% 17.92% 17.04% 16.93% 16.30% 15.30% 15.93% 15.81% 15.24% 14.82% 14.58% 14.11%
8.04% 6.56% 7.33% 10.18% 10.66% 10.78% 10.95% 10.96% 10.45% 9.77% 8.74% 9.77%
18.29% 18.77% 18.94% 16.22% 16.40% 17.30% 16.48% 16.62% 17.73% 18.41% 19.70% 19.18%
No. of Shareholders 78,91681,23381,87485,06784,74788,92583,69993,2041,07,6801,24,0731,26,3881,23,997

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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