Quess Corp Ltd
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)
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 4th largest 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 ₹ 10,729 Cr.
- Current Price ₹ 727
- High / Low ₹ 807 / 165
- Stock P/E 141
- Book Value ₹ 160
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 6.08 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 42.24 to 33.15 days.
Cons
- Stock is trading at 4.56 times its book value
- Company has a low return on equity of 10.30% for last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -16.42%
Peer comparison
Sector: Diversified Industry: Diversified - Large
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,891 | 1,968 | 2,092 | 2,172 | 2,295 | 2,395 | 2,651 | 2,950 | 2,995 | 2,409 | 2,615 | 2,808 | |
1,782 | 1,866 | 1,980 | 2,059 | 2,172 | 2,248 | 2,493 | 2,772 | 2,835 | 2,290 | 2,475 | 2,657 | |
Operating Profit | 109 | 102 | 112 | 113 | 123 | 148 | 158 | 178 | 159 | 119 | 140 | 151 |
OPM % | 6% | 5% | 5% | 5% | 5% | 6% | 6% | 6% | 5% | 5% | 5% | 5% |
Other Income | 24 | 17 | 17 | 12 | 29 | 17 | 16 | 10 | -655 | 33 | 32 | 10 |
Interest | 25 | 26 | 28 | 28 | 32 | 40 | 46 | 42 | 39 | 38 | 32 | 24 |
Depreciation | 28 | 30 | 29 | 32 | 33 | 58 | 65 | 66 | 60 | 59 | 58 | 56 |
Profit before tax | 79 | 64 | 72 | 66 | 88 | 67 | 63 | 80 | -594 | 54 | 82 | 80 |
Tax % | 4% | 15% | 14% | 2% | 14% | 16% | -6% | 6% | -6% | 33% | 39% | 43% |
Net Profit | 77 | 55 | 62 | 64 | 76 | 54 | 62 | 71 | -632 | 34 | 46 | 42 |
EPS in Rs | 5.26 | 3.77 | 4.23 | 4.38 | 5.21 | 3.71 | 4.24 | 4.83 | -42.88 | 2.29 | 3.09 | 2.83 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
637 | 1,001 | 1,006 | 2,567 | 3,435 | 4,315 | 6,167 | 8,527 | 10,991 | 10,827 | |
610 | 958 | 966 | 2,436 | 3,284 | 4,075 | 5,806 | 8,068 | 10,348 | 10,258 | |
Operating Profit | 27 | 43 | 40 | 131 | 151 | 240 | 362 | 459 | 643 | 569 |
OPM % | 4% | 4% | 4% | 5% | 4% | 6% | 6% | 5% | 6% | 5% |
Other Income | 2 | 3 | 2 | 6 | 9 | 15 | 51 | 71 | -610 | -581 |
Interest | 13 | 18 | 9 | 23 | 31 | 49 | 77 | 117 | 169 | 133 |
Depreciation | 4 | 4 | 4 | 10 | 14 | 33 | 75 | 123 | 249 | 233 |
Profit before tax | 13 | 24 | 29 | 104 | 115 | 172 | 261 | 289 | -384 | -378 |
Tax % | 37% | 30% | 34% | 36% | 29% | 29% | -18% | 11% | -12% | |
Net Profit | 6 | 12 | 18 | 67 | 81 | 122 | 311 | 257 | -445 | -511 |
EPS in Rs | 5.14 | 9.98 | 9.40 | 26.05 | 7.17 | 9.61 | 21.37 | 17.57 | -30.15 | -34.67 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 37% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 7% |
TTM: | -71% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -9% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 6% |
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 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|
30 | 30 | 96 | 26 | 113 | 127 | 145 | 146 | 148 | 148 | |
Reserves | 23 | 38 | 88 | 226 | 243 | 1,178 | 2,315 | 2,580 | 2,128 | 2,210 |
Borrowings | 56 | 88 | 64 | 224 | 393 | 779 | 1,166 | 831 | 1,473 | 735 |
163 | 193 | 227 | 244 | 500 | 780 | 1,271 | 1,455 | 1,570 | 1,770 | |
Total Liabilities | 254 | 331 | 398 | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,863 |
32 | 33 | 85 | 129 | 252 | 1,172 | 1,632 | 1,656 | 1,487 | 1,553 | |
CWIP | -0 | -0 | -0 | -0 | 2 | 8 | 2 | 15 | 5 | 1 |
Investments | -0 | -0 | -0 | -0 | 4 | 78 | 286 | 128 | 106 | 41 |
222 | 297 | 313 | 590 | 992 | 1,607 | 2,978 | 3,212 | 3,721 | 3,268 | |
Total Assets | 254 | 331 | 398 | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,863 |
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 | |
---|---|---|---|---|---|---|---|---|---|
5 | -16 | 15 | 38 | -50 | 68 | 109 | 202 | 361 | |
-4 | -4 | -66 | -69 | -10 | -574 | -794 | 182 | -170 | |
7 | 15 | 64 | 80 | 86 | 707 | 948 | -445 | 13 | |
Net Cash Flow | 7 | -5 | 13 | 49 | 27 | 201 | 263 | -61 | 204 |
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 | |
---|---|---|---|---|---|---|---|---|---|
ROCE % | 32% | 21% | 35% | 24% | 16% | 12% | 11% | 12% | |
Debtor Days | 67 | 58 | 45 | 39 | 43 | 43 | 54 | 39 | 33 |
Inventory Turnover | 6.04 | 4.91 | 6.32 | 46.67 | 18.43 | 20.71 | 19.36 | 12.28 |
Documents
Add documentRecent announcements
- Intimation Regarding Opening Of Trading Window 3 Mar
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Mar
- Announcement under Regulation 30 (LODR)-Change in Management 1 Mar
- Closure of Trading Window 25 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jan
View all