Quess Corp Ltd

Quess Corp Ltd

₹ 626 -0.67%
23 Apr 4:01 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

Overview[1]
Quess is a top 50 Global staffing company and amongst top 3 in India. The company provides HR Services having 61000+ HC and Business Services having 384,000+ HC in FY23. The company provides a host of technology enabled staffing and managed outsourcing services across processes such as sales & marketing, customer care, after sales service, back office operations, manufacturing operations, facilities and security management, HR & F&A operations, IT & mobility services, etc.[2]

Company has divided its operations in the three segments:
a) Workforce Management (WFM)
b) Operating Asset Management (OAM) and
c) Global Technology Solutions.
d) Product Led Business (PLB)

  • Market Cap 9,291 Cr.
  • Current Price 626
  • High / Low 643 / 359
  • Stock P/E 32.3
  • Book Value 152
  • Dividend Yield 1.26 %
  • ROCE 9.16 %
  • ROE 8.34 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 28.1% of last 10 years
  • Company's working capital requirements have reduced from 23.9 days to 16.6 days

Cons

  • Stock is trading at 4.12 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 7.61% over last 3 years.
  • Dividend payout has been low at 9.48% of profits 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.

Peer comparison

Sector: Diversified Industry: Diversified - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,907 2,114 2,125 2,274 2,637 2,723 2,832 3,031 3,540 3,165 3,333 3,851 3,959
1,868 2,180 2,072 2,272 2,580 2,648 2,765 2,990 3,435 3,127 3,285 3,738 3,838
Operating Profit 39 -66 53 2 57 75 68 40 105 37 47 113 121
OPM % 2% -3% 2% 0% 2% 3% 2% 1% 3% 1% 1% 3% 3%
8 2 19 -18 73 17 3 3 54 13 17 30 31
Interest 12 10 13 12 12 11 11 13 24 17 16 24 23
Depreciation 13 11 11 10 14 14 13 14 46 21 16 47 47
Profit before tax 23 -85 48 -39 104 67 46 17 89 12 32 73 83
Tax % 92% -23% 14% 7% 17% 21% -2% -23% 9% 70% -4% -6% -22%
2 -105 42 -36 87 53 47 21 81 4 34 77 101
EPS in Rs 0.12 -7.12 2.83 -2.46 5.85 3.57 3.19 1.39 5.46 0.24 2.26 5.19 6.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
361 618 616 2,373 2,918 3,443 4,411 5,695 7,740 7,483 9,758 12,196 14,307
352 601 605 2,240 2,775 3,254 4,167 5,364 7,397 7,286 9,519 11,952 13,988
Operating Profit 9 17 11 133 144 188 244 331 343 198 239 244 319
OPM % 3% 3% 2% 6% 5% 5% 6% 6% 4% 3% 2% 2% 2%
2 2 1 5 10 16 42 34 -488 -111 37 12 92
Interest 6 11 5 22 27 39 47 65 97 64 48 58 80
Depreciation 0 1 1 17 15 22 35 45 66 53 48 65 131
Profit before tax 4 7 6 100 111 144 204 254 -307 -30 181 134 200
Tax % 31% 29% 32% 37% 29% 34% -27% 8% -10% -236% 20% 3%
3 5 4 63 79 95 259 234 -337 -100 145 130 216
EPS in Rs 2.44 4.09 2.13 24.28 6.93 7.48 17.82 16.02 -22.84 -6.76 9.79 8.78 14.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% -104% 41% 91%
Compounded Sales Growth
10 Years: 35%
5 Years: 23%
3 Years: 16%
TTM: 18%
Compounded Profit Growth
10 Years: 43%
5 Years: -7%
3 Years: 3%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: -2%
3 Years: 4%
1 Year: 70%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 8%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 19 26 113 127 145 146 148 148 148 148 148
Reserves 19 28 64 235 220 1,131 2,216 2,475 2,171 2,077 2,061 2,023 2,115
Preference Capital 18 18 77 0 0 0 0 0 0 0 0 0
25 56 31 168 263 535 728 570 925 375 527 551 521
100 126 174 200 365 403 503 579 636 663 1,203 1,487 1,691
Total Liabilities 157 221 287 629 961 2,196 3,592 3,770 3,879 3,263 3,938 4,209 4,476
1 1 2 107 103 754 782 763 459 412 440 467 474
CWIP 0 0 0 0 1 9 2 5 0 7 1 1 0
Investments 38 38 106 5 17 190 799 725 1,204 1,114 1,289 1,235 1,247
119 182 179 518 840 1,243 2,009 2,277 2,216 1,729 2,208 2,506 2,755
Total Assets 157 221 287 629 961 2,196 3,592 3,770 3,879 3,263 3,938 4,209 4,476

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 -16 5 3 -13 50 83 113 140 255 200 187
-7 -0 -58 -68 -38 -515 -892 36 -319 72 -144 35
11 16 66 83 70 607 995 -221 230 -615 -64 -275
Net Cash Flow 7 -0 12 18 19 142 185 -71 51 -288 -9 -53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 49 27 33 41 32 45 34 22 55 56 50
Inventory Days
Days Payable
Cash Conversion Cycle 51 49 27 33 41 32 45 34 22 55 56 50
Working Capital Days 2 19 8 30 36 34 54 44 29 34 22 17
ROCE % 16% 19% 8% 39% 27% 15% 10% 10% 10% 6% 12% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.24% 51.82% 51.78% 51.87% 51.84% 51.81% 51.90% 56.75% 56.69% 56.66% 56.65% 56.64%
17.32% 22.14% 22.23% 21.45% 22.00% 21.93% 21.78% 17.92% 17.04% 16.93% 16.30% 15.30%
14.44% 13.76% 13.01% 11.67% 10.65% 9.36% 8.04% 6.56% 7.33% 10.18% 10.66% 10.78%
13.00% 12.29% 12.98% 15.01% 15.52% 16.91% 18.29% 18.77% 18.94% 16.22% 16.40% 17.30%
No. of Shareholders 75,14970,68364,69770,78668,45870,95578,91681,23381,87485,06784,74788,925

* 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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