Quess Corp Ltd

Quess Corp Ltd

₹ 338 -9.35%
20 May - close price
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 5,040 Cr.
  • Current Price 338
  • High / Low 428 / 255
  • Stock P/E 25.0
  • Book Value 72.9
  • Dividend Yield 2.96 %
  • ROCE 9.79 %
  • ROE 10.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 144%
  • Debtor days have improved from 43.6 to 20.7 days.
  • Company's median sales growth is 25.6% of last 10 years

Cons

  • Stock is trading at 4.64 times its book value
  • The company has delivered a poor sales growth of 6.37% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 9.61% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
3,792 3,979 4,273 4,466 4,440 4,600 4,748 4,842 3,537 5,003 5,179 4,019 3,656
3,608 3,826 4,139 4,320 4,288 4,446 4,585 4,656 3,477 4,819 4,984 3,957 3,589
Operating Profit 184 153 135 145 152 154 164 186 60 184 196 62 67
OPM % 5% 4% 3% 3% 3% 3% 3% 4% 2% 4% 4% 2% 2%
3 7 9 60 4 4 14 -15 56 27 5 -1 -147
Interest 20 20 26 29 31 27 28 40 8 24 28 9 9
Depreciation 64 61 68 70 76 69 70 72 15 69 70 10 10
Profit before tax 104 79 50 107 48 62 79 59 92 119 102 42 -99
Tax % 26% 15% 20% 20% 38% 23% 11% -8% -6% 6% 8% 1% -4%
77 68 40 85 30 48 71 64 98 112 94 42 -95
EPS in Rs 4.98 4.51 2.84 5.92 2.23 3.23 4.83 4.30 6.36 6.99 6.22 2.80 -6.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,006 2,567 3,435 4,315 6,167 8,527 10,991 10,837 13,692 17,158 19,100 14,967
966 2,436 3,284 4,075 5,805 8,068 10,341 10,387 13,067 16,570 18,400 14,705
Operating Profit 40 131 151 240 362 459 650 449 624 589 700 262
OPM % 4% 5% 4% 6% 6% 5% 6% 4% 5% 3% 4% 2%
2 6 9 15 50 71 -617 78 27 80 0 -141
Interest 9 23 31 49 77 117 169 114 82 110 121 39
Depreciation 4 10 14 33 75 123 249 229 212 275 283 41
Profit before tax 29 104 115 172 261 289 -384 185 358 284 295 42
Tax % 34% 36% 29% 29% -18% 11% 12% 60% 30% 22% 5% -10%
18 67 81 122 310 257 -432 74 251 223 280 46
EPS in Rs 9.40 26.05 7.17 9.61 21.37 17.57 -30.15 3.92 16.30 15.14 18.71 3.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 179% 25% 53% 53% 325%
Compounded Sales Growth
10 Years: 19%
5 Years: 6%
3 Years: 3%
TTM: -22%
Compounded Profit Growth
10 Years: 12%
5 Years: 2%
3 Years: -5%
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 2%
1 Year: 13%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 10%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 19 26 113 127 145 146 148 148 148 148 149 149
Reserves 88 226 243 1,178 2,315 2,580 2,128 2,195 2,290 2,421 2,650 936
141 224 393 779 1,166 831 1,473 791 915 1,011 838 113
149 244 500 780 1,271 1,455 1,570 1,586 2,093 2,539 2,618 1,614
Total Liabilities 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,255 2,812
85 129 252 1,172 1,632 1,656 1,487 1,505 1,657 1,796 1,695 341
CWIP 0 0 2 8 2 15 5 31 15 18 33 0
Investments 0 0 4 78 286 128 106 54 102 50 93 0
313 590 992 1,607 2,978 3,212 3,721 3,131 3,671 4,255 4,434 2,471
Total Assets 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,255 2,812

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
15 38 -50 68 109 202 361 715 554 466 529 380
-66 -69 -10 -574 -794 182 -170 -105 -188 4 50 2
64 80 86 707 948 -445 13 -834 -441 -443 -496 -318
Net Cash Flow 13 49 27 201 263 -61 204 -223 -75 27 83 65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 45 39 43 43 54 39 33 61 62 57 53 21
Inventory Days
Days Payable
Cash Conversion Cycle 45 39 43 43 54 39 33 61 62 57 53 21
Working Capital Days 26 30 28 28 28 24 27 30 21 17 16 6
ROCE % 21% 35% 24% 16% 12% 11% 12% 8% 13% 9% 12% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.84% 51.81% 51.90% 56.75% 56.69% 56.66% 56.65% 56.64% 56.64% 56.60% 56.56% 56.99%
22.00% 21.93% 21.78% 17.92% 17.04% 16.93% 16.30% 15.30% 15.93% 15.81% 15.24% 14.82%
10.65% 9.36% 8.04% 6.56% 7.33% 10.18% 10.66% 10.78% 10.95% 10.96% 10.45% 9.77%
15.52% 16.91% 18.29% 18.77% 18.94% 16.22% 16.40% 17.30% 16.48% 16.62% 17.73% 18.41%
No. of Shareholders 68,45870,95578,91681,23381,87485,06784,74788,92583,69993,2041,07,6801,24,073

* 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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