Quess Corp Ltd

₹ 577 -0.35%
18 Aug - close price
About

Quess Corp is engaged in the business of providing services in Workforce management, Operating asset management and Tech services.(Source : 202003-01 Annual Report Page No:113)

Key Points

Quess has team of ~384,000 employees across India, North America, South America and South-East Asia across all segments. Quess serves over 2600+ clients worldwide.

Quess is in top 50 of Global staffing company in the world and amongst top 3 domestic BPO players in India. Quess is No.1 in Indian general staffing market and IT Staffing segment, No.1 in Singapore IT staffing space, and Top 3 facility management services provider in India.

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

Company derived 66% of its revenues and 41% of EBITDA from WFM segment while 16% of
revenues and 19% of EBITDA from OAM while GTS division contributed to 18% of revenues and 40% of EBITDA in H1 FY21.

  • Market Cap 8,543 Cr.
  • Current Price 577
  • High / Low 990 / 527
  • Stock P/E 45.4
  • Book Value 149
  • Dividend Yield 1.39 %
  • ROCE 10.1 %
  • ROE 8.06 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 29.1% of last 10 years

Cons

  • Stock is trading at 3.87 times its book value
  • Company has a low return on equity of 4.66% for last 3 years.
  • Promoter holding has decreased over last 3 years: -19.6%

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,640 1,831 2,090 2,179 1,696 1,767 1,907 2,114 2,125 2,274 2,637 2,723 2,832
1,564 1,755 2,004 2,084 1,643 1,726 1,868 2,180 2,072 2,272 2,580 2,648 2,765
Operating Profit 77 76 86 95 53 40 39 -66 53 2 57 75 68
OPM % 5% 4% 4% 4% 3% 2% 2% -3% 2% 0% 2% 3% 2%
16 15 9 -519 -7 16 8 2 19 -18 73 17 3
Interest 24 27 22 23 24 18 12 10 13 12 12 11 11
Depreciation 16 17 17 15 15 14 13 11 11 10 14 14 13
Profit before tax 52 47 55 -462 8 25 23 -85 48 -39 104 67 46
Tax % 4% -22% -13% -10% 99% 86% 92% -23% 14% 7% 17% 21% -2%
Net Profit 50 58 63 -508 0 3 2 -105 42 -36 87 53 47
EPS in Rs 3.45 3.93 4.27 -34.43 0.01 0.23 0.12 -7.12 2.83 -2.46 5.85 3.57 3.19

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
181 361 618 616 2,373 2,918 3,443 4,411 5,695 7,740 7,483 9,758 10,466
177 352 601 605 2,240 2,775 3,254 4,167 5,364 7,397 7,286 9,571 10,264
Operating Profit 5 9 17 11 133 144 188 244 331 343 198 187 201
OPM % 3% 3% 3% 2% 6% 5% 5% 6% 6% 4% 3% 2% 2%
1 2 2 1 5 10 16 42 34 -488 -111 89 73
Interest 3 6 11 5 22 27 39 47 65 97 64 48 46
Depreciation 1 0 1 1 17 15 22 35 45 66 53 48 51
Profit before tax 2 4 7 6 100 111 144 204 254 -307 -30 181 179
Tax % 6% 31% 29% 32% 37% 29% 34% -27% 8% -10% -236% 20%
Net Profit 2 3 5 4 63 79 95 259 234 -337 -100 145 150
EPS in Rs 1.88 2.44 4.09 2.13 24.28 6.93 7.48 17.82 16.02 -22.84 -6.76 9.79 10.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -104% 41%
Compounded Sales Growth
10 Years: 39%
5 Years: 23%
3 Years: 20%
TTM: 32%
Compounded Profit Growth
10 Years: 51%
5 Years: 14%
3 Years: -9%
TTM: 423%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: 9%
1 Year: -30%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 5%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
30 30 30 96 26 113 127 145 146 148 148 148
Reserves 13 19 28 64 235 220 1,131 2,216 2,475 2,171 2,077 2,061
12 25 56 31 168 263 535 728 570 925 375 527
64 100 126 174 200 365 403 503 579 636 663 1,129
Total Liabilities 101 157 221 287 629 961 2,196 3,592 3,770 3,879 3,263 3,864
1 1 1 2 107 103 754 782 763 459 412 441
CWIP 0 0 0 0 0 1 9 2 5 0 7 0
Investments 38 38 38 106 5 17 190 799 725 1,204 1,114 1,289
63 119 182 179 518 840 1,243 2,009 2,277 2,216 1,729 2,134
Total Assets 101 157 221 287 629 961 2,196 3,592 3,770 3,879 3,263 3,864

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-3 3 -16 5 3 -13 50 83 113 140 255 200
-24 -7 -0 -58 -68 -38 -515 -892 36 -319 72 -144
26 11 16 66 83 70 607 995 -221 230 -615 -64
Net Cash Flow -1 7 -0 12 18 19 142 185 -71 51 -288 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 39 51 49 27 33 41 32 45 34 22 24 28
Inventory Days
Days Payable
Cash Conversion Cycle 39 51 49 27 33 41 32 45 34 22 24 28
Working Capital Days 5 2 19 8 30 36 34 54 44 29 34 24
ROCE % 12% 16% 19% 8% 39% 27% 15% 10% 10% 10% 6% 10%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
71.61 54.72 54.87 55.28 55.25 55.25 55.24 55.24 51.82 51.78 51.87 51.84
14.84 16.62 14.61 14.01 15.56 15.73 17.32 17.32 22.14 22.23 21.45 22.00
5.60 13.20 16.63 15.68 15.69 15.86 14.50 14.44 13.76 13.01 11.67 10.65
7.95 15.46 13.90 15.03 13.49 13.16 12.94 13.00 12.29 12.98 15.01 15.52

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