Quess Corp Ltd
Quess Corp Ltd
Commercial ServicesKey Fundamentals
MicrocapDiversified ServicesCommercial ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company has been maintaining a healthy dividend payout of 151%
- Debtor days have improved from 49.6 to 37.7 days.
Weaknesses
4- Stock is trading at 4.40 times its book value
- The company has delivered a poor sales growth of 7.15% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.5% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Quess Corp Ltd is a commercial services company with a market cap of Rs 4,789 Cr, trading at a PE of 18.3x and a price-to-book of 3.97x. The company shows improving profitability with last year's ROE at 20% and TTM profit growth of 22%, but revenue growth remains tepid at 5% TTM with a negative 3-year sales CAGR of -4%.
- TTM profit growth of 22% indicates accelerating earnings momentum
- ROE improved sharply to 20% in the last year from a 3-year average of 12%, signalling better capital efficiency
- Dividend payout ratio of 151% demonstrates strong cash generation and shareholder return commitment
- Dividend yield of 3.55% is attractive relative to the broader market average of ~1.2-1.5%
- Debtor days improved from 43.5 to 19.3 days, reflecting tighter working capital management and faster collections
- 5-year compounded profit CAGR of 38% shows long-term earnings compounding ability despite revenue headwinds
- PE of 18.3x is reasonable for a services company delivering 22% TTM profit growth, implying a PEG below 1x
- 3-year compounded sales CAGR is negative at -4%, indicating revenue contraction over a medium-term horizon
- 5-year stock CAGR of -6% shows the stock has destroyed value for medium-term holders
- Trading at 3.97x book value is elevated for a company with a 3-year average ROE of only 12%
- 5-year sales CAGR of only 7% is poor for a staffing and services company in a growing economy
- 3-year average ROE of 12% and 5-year average of 10% suggest structurally modest returns on equity despite the recent spike
- 10-year stock CAGR of just 1% indicates prolonged inability to create shareholder wealth
- Apparently low tax rate raises questions about sustainability of reported earnings quality
- Dividend payout of 151% exceeding net profit suggests payouts may be funded from reserves or one-time gains, raising sustainability concerns
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Digital Platforms still loss-making Jul 31
Despite strong overall results in Q1FY27, the Digital Platforms division continued to report losses, remaining a drag on consolidated profitability.
- 61% PAT surge in Q1FY27 Jul 31
Consolidated net profit jumped 61% YoY to ₹821.24 million in Q1FY27, with revenue rising 14.5% to ₹41,816.85 million driven by robust General and Professional Staffing demand, particularly in the GCC vertical.
- ₹3/share final dividend declared Jul 25
Record date set for August 7, 2026 for a final dividend of ₹3 per share for FY26, with AGM approval scheduled for August 25.
- 19th AGM scheduled August 25 Aug 1
AGM agenda includes adopting FY26 financials, re-appointing Chairman Ajit Isaac, appointing Anish Thurthi as director, and approving the ₹3/share dividend. E-voting opens August 21.
- Analyst call recording uploaded Jul 30
Recording of the July 30, 2026 analyst call discussing Q1FY27 results was uploaded to the investor relations website per SEBI LODR Regulation 30.
TL;DR: Quess Corp delivered a strong Q1FY27 with 61% profit growth and 14.5% revenue expansion, fueled by staffing demand in the GCC vertical. Shareholder returns are supported by a ₹3/share dividend. The key risk remains the loss-making Digital Platforms segment. The trend is clearly improving on the core staffing business, though investors should watch for a turnaround in Digital Platforms.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,600 | 4,748 | 4,842 | 3,537 | 3,587 | 3,705 | 4,019 | 3,656 | 3,651 | 3,832 | 3,930 | 3,892 | 4,182 |
| Expenses | 4,446 | 4,585 | 4,656 | 3,477 | 3,524 | 3,636 | 3,957 | 3,589 | 3,582 | 3,755 | 3,850 | 3,806 | 4,097 |
| Operating Profit | 154 | 164 | 186 | 60 | 63 | 69 | 62 | 67 | 70 | 77 | 80 | 86 | 85 |
| OPM % | 3.4% | 3.4% | 3.8% | 1.7% | 1.8% | 1.9% | 1.6% | 1.8% | 1.9% | 2% | 2% | 2.2% | 2% |
| Other Income | 4 | 14 | -15 | 56 | 6 | 1 | -1 | -147 | 3 | 4 | -5 | 7 | 26 |
| Interest | 27 | 28 | 40 | 8 | 11 | 10 | 9 | 9 | 10 | 13 | 13 | 14 | 14 |
| Depreciation | 69 | 70 | 72 | 15 | 11 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 10 |
| PBT | 62 | 79 | 59 | 92 | 48 | 50 | 42 | -99 | 52 | 57 | 51 | 69 | 86 |
| Tax % | 23% | 11% | -8% | -6% | -1% | -1% | 1% | -4% | 2% | 10% | -8% | 7% | 4% |
| Net Profit | 48 | 71 | 64 | 98 | 49 | 51 | 42 | -95 | 51 | 52 | 55 | 64 | 82 |
| EPS in Rs | 3.23 | 4.83 | 4.3 | 6.36 | 3.3 | 3.4 | 2.8 | -6.41 | 3.42 | 3.46 | 3.68 | 4.3 | 5.48 |
Profit & Loss
| Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,567 | 3,435 | 4,315 | 6,167 | 8,527 | 10,991 | 10,837 | 13,692 | 17,158 | 13,695 | 14,967 | 15,305 | 15,835 |
| Expenses | 2,436 | 3,284 | 4,075 | 5,805 | 8,068 | 10,341 | 10,387 | 13,067 | 16,570 | 13,459 | 14,646 | 14,980 | 15,508 |
| Operating Profit | 131 | 151 | 240 | 362 | 459 | 650 | 449 | 624 | 589 | 237 | 321 | 325 | 327 |
| OPM % | 5% | 4.4% | 6% | 6% | 5% | 6% | 4.2% | 4.6% | 3.4% | 1.7% | 2.1% | 2.1% | 2.1% |
| Other Income | 6 | 9 | 15 | 50 | 71 | -617 | 78 | 27 | 80 | 159 | -199 | -4 | 31 |
| Interest | 23 | 31 | 49 | 77 | 117 | 169 | 114 | 82 | 110 | 59 | 39 | 50 | 54 |
| Depreciation | 10 | 14 | 33 | 75 | 123 | 249 | 229 | 212 | 275 | 58 | 41 | 42 | 41 |
| PBT | 104 | 115 | 172 | 261 | 289 | -384 | 185 | 358 | 284 | 278 | 42 | 230 | 263 |
| Tax % | 36% | 29% | 29% | -18% | 11% | 12% | 60% | 30% | 22% | -1% | -10% | 3% | — |
| Net Profit | 67 | 81 | 122 | 310 | 257 | -432 | 74 | 251 | 223 | 280 | 46 | 222 | 253 |
| EPS in Rs | 26.05 | 7.17 | 9.61 | 21.37 | 17.57 | -30.15 | 3.92 | 16.3 | 15.14 | 18.71 | 3.08 | 14.84 | 16.92 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 179% | 25% | 53% | 53% | 325% | 74% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 113 | 127 | 145 | 146 | 148 | 148 | 148 | 148 | 149 | 149 | 149 |
| Reserves | 226 | 243 | 1,178 | 2,315 | 2,580 | 2,128 | 2,195 | 2,290 | 2,421 | 2,650 | 936 | 1,017 |
| Borrowings | 224 | 393 | 779 | 1,166 | 831 | 1,473 | 791 | 915 | 1,011 | 838 | 113 | 124 |
| Other Liabilities | 244 | 500 | 780 | 1,271 | 1,455 | 1,570 | 1,586 | 2,019 | 2,539 | 2,618 | 1,614 | 1,748 |
| Total Liabilities | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,720 | 5,371 | 6,119 | 6,255 | 2,812 | 3,039 |
| Fixed Assets | 129 | 252 | 1,172 | 1,632 | 1,656 | 1,487 | 1,505 | 1,657 | 1,796 | 1,695 | 341 | 387 |
| CWIP | 0 | 2 | 8 | 2 | 15 | 5 | 31 | 15 | 18 | 33 | 0 | 2 |
| Investments | 0 | 4 | 78 | 286 | 128 | 106 | 54 | 102 | 50 | 93 | 0 | 51 |
| Other Assets | 590 | 992 | 1,607 | 2,978 | 3,212 | 3,721 | 3,131 | 3,597 | 4,255 | 4,434 | 2,471 | 2,600 |
| Total Assets | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,720 | 5,371 | 6,119 | 6,255 | 2,812 | 3,039 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 38 | -50 | 68 | 109 | 202 | 361 | 715 | 554 | 466 | 529 | 380 | 230 |
| Investing | -69 | -10 | -574 | -794 | 182 | -170 | -105 | -188 | 4 | 50 | -333 | -64 |
| Financing | 80 | 86 | 707 | 948 | -445 | 13 | -834 | -441 | -443 | -496 | -318 | -237 |
| Net Cash Flow | 49 | 27 | 201 | 263 | -61 | 204 | -223 | -75 | 27 | 83 | -271 | -71 |
| Free Cash Flow | 24 | -72 | 30 | 24 | 106 | 304 | 654 | 471 | 368 | 431 | 379 | 221 |
| CFO/OP | 61 | -1 | 64 | 52 | 82 | 78 | 123 | 103 | 113 | 285 | 78 | 92 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 43 | 43 | 54 | 39 | 33 | 61 | 62 | 57 | 74 | 37 | 38 |
| Cash Conversion Cycle | 39 | 43 | 43 | 54 | 39 | 33 | 61 | 62 | 57 | 74 | 37 | 38 |
| Working Capital Days | -1 | -8 | -12 | -13 | 1 | -6 | 11 | 5 | 3 | 9 | 5 | 7 |
| ROCE % | 35% | 24% | 16% | 12% | 11% | 12% | 8% | 13% | 9% | 5% | 12% | 24% |
Documents
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Company Information
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]