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Quess Corp Ltd

QUESS NSE

Key Fundamentals

MicrocapDiversified ServicesCommercial Services
Market Cap
₹5,128 Cr
Volatility
High Risk
P/E Ratio
19.91
EBITDA
₹329 Cr
Return on Equity
19.02%
Debt to Equity
0.11
Book Value
₹78.1
52W High
₹349.5
52W Low
₹166.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY15–FY26.

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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

Revenue Growth
2.21%
Net Income Growth
384.10%
Cash Flow Change
-39.53%
ROE
349.65%
ROCE
205.40%
EBITDA Margin (Avg.)
12.57%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

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%.

Bull Case 7
  • 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
Bear Case 8
  • 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

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 1
  • 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.

Positives 2
  • 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.

Neutral 2
  • 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 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

  Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 56.82%
Public 19.01%
DIIs 11.86%
FIIs 8.58%
Others 3.72%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.24%
55.24%
51.82%
51.78%
51.87%
51.84%
51.81%
51.90%
56.74%
56.68%
56.67%
56.65%
56.64%
56.64%
56.59%
56.57%
56.99%
56.98%
56.92%
56.88%
56.83%
56.82%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
16.93%
0.00%
15.30%
15.93%
15.82%
15.23%
14.83%
14.58%
14.11%
9.15%
8.31%
8.58%
DIIs
12.70%
12.79%
12.19%
11.56%
10.54%
9.68%
8.51%
8.05%
6.57%
7.16%
10.20%
10.50%
10.78%
10.95%
10.97%
10.46%
9.78%
8.73%
9.78%
12.45%
12.41%
11.86%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.66%
8.52%
7.92%
7.40%
8.85%
8.96%
10.19%
12.38%
13.14%
13.13%
13.77%
13.87%
14.49%
13.80%
13.99%
14.90%
15.50%
16.60%
16.42%
18.54%
19.41%
19.01%
Others
23.40%
23.45%
28.08%
29.25%
28.75%
29.53%
29.48%
27.68%
23.55%
23.02%
2.43%
18.98%
2.79%
2.68%
2.63%
2.84%
2.90%
3.11%
2.77%
2.97%
3.04%
3.72%
No. of Shareholders
73,898
75,149
70,683
64,697
70,786
68,458
70,955
78,916
81,233
81,874
85,067
84,747
88,925
83,699
93,204
1,07,680
1,24,073
1,26,388
1,23,997
1,21,911
1,10,118
1,07,345

Documents

Frequently Asked Questions about Quess Corp Ltd

What does Quess Corp Ltd do?
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]
Where is Quess Corp Ltd (QUESS) listed?
Quess Corp Ltd is listed on the Indian stock exchanges. It is listed on NSE: QUESS and BSE: 539978. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Quess Corp Ltd belong to?
Quess Corp Ltd operates in the Commercial Services sector within the Diversified Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Quess Corp Ltd?
Quess Corp Ltd has a market capitalisation of approximately ₹5127.52 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Quess Corp Ltd?
The Price-to-Earnings (PE) ratio of Quess Corp Ltd is 19.91. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Quess Corp Ltd?
Over the past 52 weeks, Quess Corp Ltd has traded between a low of ₹166.3 and a high of ₹349.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Quess Corp Ltd pay dividends?
Yes, Quess Corp Ltd has a dividend yield of 3.20%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Quess Corp Ltd?
Quess Corp Ltd has a Return on Equity (ROE) of 19.02%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Quess Corp Ltd on Tapetide?
On Tapetide, you can view Quess Corp Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

CEO Mr. Lohit Bhatia
Employees 3,71,050
Listed 2016-07-12
Face Value ₹ 10
Issued Size 14,92,02,689

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