Quess Corp Ltd

₹ 599 -2.31%
01 Jul - 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 8,877 Cr.
  • Current Price 599
  • High / Low 990 / 527
  • Stock P/E 37.6
  • Book Value 165
  • Dividend Yield 1.33 %
  • ROCE 13.2 %
  • ROE 9.89 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 67.71%
  • Company's median sales growth is 33.81% of last 10 years

Cons

  • Stock is trading at 3.64 times its book value
  • Company has a low return on equity of 6.45% for last 3 years.
  • Promoter holding has decreased over last 3 years: -19.56%

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
2,395 2,651 2,950 2,995 2,409 2,615 2,808 3,004 2,987 3,228 3,685 3,792
2,248 2,493 2,772 2,835 2,290 2,475 2,657 2,967 2,840 3,116 3,506 3,608
Operating Profit 148 158 178 159 119 140 151 37 147 112 179 184
OPM % 6% 6% 6% 5% 5% 5% 5% 1% 5% 3% 5% 5%
17 16 10 -655 33 32 10 3 5 16 3 3
Interest 40 46 42 39 38 32 24 17 22 20 18 20
Depreciation 58 65 66 60 59 58 56 55 50 49 49 64
Profit before tax 67 63 80 -594 54 82 80 -31 80 60 114 104
Tax % 16% -6% 6% -6% 33% 39% 43% -86% 44% 31% 22% 26%
Net Profit 54 62 71 -632 34 46 42 -63 46 38 84 74
EPS in Rs 3.71 4.24 4.83 -42.88 2.29 3.09 2.83 -4.25 3.13 2.54 5.67 4.98

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
637 1,001 1,006 2,567 3,435 4,315 6,167 8,527 10,991 10,837 13,692
610 958 966 2,436 3,284 4,075 5,805 8,068 10,341 10,387 13,070
Operating Profit 27 43 40 131 151 240 362 459 650 449 622
OPM % 4% 4% 4% 5% 4% 6% 6% 5% 6% 4% 5%
2 3 2 6 9 15 50 71 -617 78 27
Interest 13 18 9 23 31 49 77 117 169 114 79
Depreciation 4 4 4 10 14 33 75 123 249 229 212
Profit before tax 13 24 29 104 115 172 261 289 -384 185 358
Tax % 37% 30% 34% 36% 29% 29% -18% 11% -12% 60% 30%
Net Profit 6 12 18 67 81 122 311 257 -445 58 241
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
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 179% 25%
Compounded Sales Growth
10 Years: 36%
5 Years: 26%
3 Years: 17%
TTM: 26%
Compounded Profit Growth
10 Years: 44%
5 Years: 14%
3 Years: -2%
TTM: 407%
Stock Price CAGR
10 Years: %
5 Years: -8%
3 Years: 11%
1 Year: -25%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 6%
Last Year: 10%

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
30 30 96 26 113 127 145 146 148 148 148
Reserves 23 38 88 226 243 1,178 2,315 2,580 2,128 2,195 2,290
56 88 64 224 393 779 1,166 831 1,473 791 915
163 193 227 244 500 780 1,271 1,455 1,570 1,586 2,019
Total Liabilities 254 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,371
32 33 85 129 252 1,172 1,632 1,656 1,487 1,505 1,672
CWIP 0 0 0 0 2 8 2 15 5 31 0
Investments 0 0 0 0 4 78 286 128 106 54 102
222 297 313 590 992 1,607 2,978 3,212 3,721 3,131 3,597
Total Assets 254 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,371

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
5 -16 15 38 -50 68 109 202 361 715 554
-4 -4 -66 -69 -10 -574 -794 182 -170 -105 -188
7 15 64 80 86 707 948 -445 13 -834 -442
Net Cash Flow 7 -5 13 49 27 201 263 -61 204 -223 -76

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
Debtor Days 67 58 45 39 43 43 54 39 33 30 34
Inventory Days
Days Payable
Cash Conversion Cycle 67 58 45 39 43 43 54 39 33 30 34
Working Capital Days 15 29 26 30 28 28 28 24 27 28 26
ROCE % 32% 21% 35% 24% 16% 12% 11% 12% 8% 13%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
71.43 71.61 54.72 54.87 55.28 55.25 55.25 55.24 55.24 51.82 51.78 51.87
14.00 14.84 16.62 14.61 14.01 15.56 15.73 17.32 17.32 22.14 22.23 21.45
6.16 5.60 13.20 16.63 15.68 15.69 15.86 14.50 14.44 13.76 13.01 11.67
8.41 7.95 15.46 13.90 15.03 13.49 13.16 12.94 13.00 12.29 12.98 15.01

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