Quess Corp Ltd
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]
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Analyst Call - Recording
7h - Analyst call recording dated May 20, 2025, uploaded on Quess Corp's website.
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Grant Of Restricted Stock Units (Rsus) Under Quess Stock Ownership Plan- 2020
14h - Grant of 48,369 RSUs to employees under QSOP 2020 with vesting over 1-4 years.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Quess Corp FY25 revenue up 9% to ₹14,967cr; adjusted PAT up 54%; new dividend policy announced.
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Outcome Of Board Meeting
1d - Q4 FY25 audited results with qualified opinion due to tax disputes; final dividend ₹6/share recommended; office shifted in Bengaluru.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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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]