Quess Corp Ltd

Quess Corp Ltd

₹ 534 0.93%
26 Feb - 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

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 7,930 Cr.
  • Current Price 534
  • High / Low 582 / 337
  • Stock P/E 34.0
  • Book Value 182
  • Dividend Yield 1.50 %
  • ROCE 9.39 %
  • ROE 7.37 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 85.3%
  • Company's working capital requirements have reduced from 22.6 days to 16.9 days

Cons

  • Stock is trading at 2.93 times its book value
  • Company has a low return on equity of 6.46% 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

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
2,808 3,004 2,987 3,228 3,685 3,792 3,979 4,273 4,466 4,440 4,600 4,748 4,842
2,657 2,967 2,840 3,116 3,506 3,608 3,826 4,139 4,320 4,288 4,446 4,585 4,661
Operating Profit 151 37 147 112 179 184 153 135 145 152 154 164 181
OPM % 5% 1% 5% 3% 5% 5% 4% 3% 3% 3% 3% 3% 4%
10 3 5 16 3 3 7 9 60 4 4 14 -15
Interest 24 17 22 20 18 20 20 26 29 31 27 28 35
Depreciation 56 55 50 49 49 64 61 68 70 76 69 70 72
Profit before tax 80 -31 80 60 114 104 79 50 107 48 62 79 59
Tax % 43% -86% 44% 31% 22% 26% 15% 20% 20% 38% 23% 11% -8%
46 -58 45 41 89 77 68 40 85 30 48 71 64
EPS in Rs 2.83 -4.25 3.13 2.54 5.67 4.98 4.51 2.84 5.92 2.23 3.23 4.83 4.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
637 1,001 1,006 2,567 3,435 4,315 6,167 8,527 10,991 10,837 13,692 17,158 18,631
610 958 966 2,436 3,284 4,075 5,805 8,068 10,341 10,387 13,067 16,570 17,980
Operating Profit 27 43 40 131 151 240 362 459 650 449 624 589 650
OPM % 4% 4% 4% 5% 4% 6% 6% 5% 6% 4% 5% 3% 3%
2 3 2 6 9 15 50 71 -617 78 27 80 7
Interest 13 18 9 23 31 49 77 117 169 114 82 110 122
Depreciation 4 4 4 10 14 33 75 123 249 229 212 275 287
Profit before tax 13 24 29 104 115 172 261 289 -384 185 358 284 249
Tax % 37% 30% 34% 36% 29% 29% -18% 11% -12% 60% 30% 22%
6 12 18 67 81 122 310 257 -432 74 251 223 213
EPS in Rs 5.14 9.98 9.40 26.05 7.17 9.61 21.37 17.57 -30.15 3.92 16.30 15.14 14.59
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% 179% 25% 53%
Compounded Sales Growth
10 Years: 33%
5 Years: 23%
3 Years: 16%
TTM: 13%
Compounded Profit Growth
10 Years: 31%
5 Years: -10%
3 Years: 1%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: -5%
3 Years: -11%
1 Year: 46%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 6%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 23 38 88 226 243 1,178 2,315 2,580 2,128 2,195 2,290 2,421 2,555
Preference Capital 18 18 77 -0 -0 -0 -0 -0 -0 -0 -0 -0
56 88 64 224 393 779 1,166 831 1,473 791 915 1,011 961
163 193 227 244 500 780 1,271 1,455 1,570 1,586 2,093 2,539 2,729
Total Liabilities 254 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,394
32 33 85 129 252 1,172 1,632 1,656 1,487 1,505 1,657 1,796 1,798
CWIP -0 -0 -0 -0 2 8 2 15 5 31 15 18 0
Investments -0 -0 -0 -0 4 78 286 128 106 54 102 50 58
222 297 313 590 992 1,607 2,978 3,212 3,721 3,131 3,671 4,255 4,538
Total Assets 254 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,394

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 -16 15 38 -50 68 109 202 361 715 554 466
-4 -4 -66 -69 -10 -574 -794 182 -170 -105 -188 4
7 15 64 80 86 707 948 -445 13 -834 -441 -443
Net Cash Flow 7 -5 13 49 27 201 263 -61 204 -223 -75 27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 67 58 45 39 43 43 54 39 33 61 62 57
Inventory Days
Days Payable
Cash Conversion Cycle 67 58 45 39 43 43 54 39 33 61 62 57
Working Capital Days 15 29 26 30 28 28 28 24 27 30 21 17
ROCE % 29% 21% 35% 24% 16% 12% 11% 12% 8% 13% 9%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.24% 55.24% 51.82% 51.78% 51.87% 51.84% 51.81% 51.90% 56.75% 56.69% 56.66% 56.65%
17.32% 17.32% 22.14% 22.23% 21.45% 22.00% 21.93% 21.78% 17.92% 17.04% 16.93% 16.30%
14.50% 14.44% 13.76% 13.01% 11.67% 10.65% 9.36% 8.04% 6.56% 7.33% 10.18% 10.66%
12.94% 13.00% 12.29% 12.98% 15.01% 15.52% 16.91% 18.29% 18.77% 18.94% 16.22% 16.40%
No. of Shareholders 73,89875,14970,68364,69770,78668,45870,95578,91681,23381,87485,06784,747

* 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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