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Quess Corp Ltd (QUESS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539978 NSE: QUESS Professional Services | Small Cap | Quess Corp Share Price
₹334.45 10.45 (3.23%)
As on 12-Aug'26 15:19
Quess Corp Ltd (QUESS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539978 NSE: QUESS Professional Services | Small Cap | Quess Corp Share Price
₹334.45 10.45 (3.23%)
As on 12-Aug'26 15:19
Key Metrics
Valuation Multiples
Market Cap
₹4,839 Cr.
Current Price
₹334.5
52-Week Low / High
₹166 / 349
TTM EPS
₹16.9
TTM Sales
₹15,835 Cr.
Book Value per Share
₹82.7
P/E Ratio
19.16
Lower than its 5-year historical median
Industry PE
39.9
Price to Book (P/B)
3.92
Higher than its 5-year historical median
Price to Sales (P/S)
0.31
Lower than its 5-year historical median
EV/EBITDA
12.71
Higher than its 5-year historical median
Dividend Yield
3.29%
Profitability Efficiency
Return on Equity (ROE)
20.01%
Outperforms industry median
Return on Capital Employed (ROCE)
24.72%
Outperforms industry median
Return on Assets (ROA)
7.98%
Operating Profit Margin
2%
Net Profit Margin
1.45%
Gross Profit Margin
1.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2.26%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
18.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
384.2%
Asset Quality
Promoter Holding
56.82%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,086 Cr.
Equity
₹149.4 Cr.
Face Value
₹10
All Time Low / High
₹165.40 / 1300.00
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Quality
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Valuation
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Price Trend
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Is Quess Corp Ltd a good quality company?
Quess Corp Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Quess Corp Ltd performance compare with that of its Peers?
Revenue growth of Quess Corp Ltd vs industry peers?
Quess Corp Ltd revenue CAGR is 7.15%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Quess Corp Ltd?
Promoters hold 56.82% of the Quess Corp Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Quess Corp Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -4.5% based on the current price.
DeciZen - make an informed investing decision on Quess Corp
Decision Maker
Consolidated basis
10 Year X-Ray : Login to view analysis.
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Quess Corp Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.6% | 12.2% | 11.6% | -6.2% | 9.5% | 14.9% | 12.9% | 6.1% | 3.8% | 24.7% | - |
| Value Creation Index ⓘ | 0.2 | -0.1 | -0.1 | -1.5 | -0.3 | 0.1 | -0.1 | -0.6 | -0.7 | 0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 4,315 | 6,167 | 8,527 | 10,991 | 10,837 | 13,692 | 17,158 | 13,695 | 14,967 | 15,305 | 15,835 |
| Sales YoY Gr. | - | 42.9% | 38.3% | 28.9% | -1.4% | 26.3% | 25.3% | -20.2% | 9.3% | 2.3% | - |
| Adj EPS ⓘ | 9.7 | 21.4 | 17.1 | -29.3 | 2.8 | 16.2 | 12.3 | 9 | 10.9 | 15.2 | 16.9 |
| YoY Gr. | - | 120.2% | -20.1% | -271.6% | NA | 470.7% | -24.1% | -27% | 21.5% | 39.7% | - |
| BVPS (₹) ⓘ | 66.5 | 168.7 | 185.8 | 153.4 | 157 | 162.1 | 168.7 | 182 | 71.7 | 77.2 | 82.7 |
| Adj Net Profit ⓘ | 123 | 311 | 249 | -432 | 41.8 | 239 | 182 | 133 | 162 | 227 | 253 |
| Cash Flow from Ops. ⓘ | 68.4 | 109 | 202 | 361 | 715 | 554 | 466 | 529 | 380 | 230 | - |
| Debt/CF from Ops. ⓘ | 11.4 | 9.3 | 4 | 3.2 | 0.7 | 1.1 | 1.1 | 0.7 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.1% | 7.2% | -3.7% | 2.3% | ||||
| Adj EPS ⓘ | 5.1% | 39.9% | 7.4% | 39.7% | ||||
| BVPSⓘ | 1.7% | -13.2% | -22.9% | 7.7% | ||||
| Share Price | -4.5% | -17.3% | -7% | 21.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.8 | 16.5 | 9.6 | -17.3 | 1.8 | 10 | 7.3 | 5 | 8.3 | 20.1 | 21.2 |
| Op. Profit Mgn % ⓘ | 5.6 | 5.8 | 5.5 | 6 | 4.3 | 4.6 | 3.4 | 1.7 | 1.8 | 2 | 2.1 |
| Net Profit Mgn % ⓘ | 2.9 | 5 | 2.9 | -3.8 | 0.5 | 1.8 | 1.1 | 1 | 1.1 | 1.5 | 1.6 |
| Debt to Equity ⓘ | 0.9 | 0.4 | 0.3 | 0.5 | 0.2 | 0.3 | 0.2 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 94 | 103 | 105 | 96 | 98 | 80 | 74 | 99 | 71 | 51 | 24 |
| Cash Conv. Cycle ⓘ | 32 | 36 | 32 | 27 | 28 | 40 | 51 | 70 | 50 | 36 | 6 |
Valuation of Quess Corp - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,315 | 6,167 | 8,527 | 10,991 | 10,837 | 13,692 | 17,158 | 13,695 | 14,967 | 15,305 |
| Operating Expenses ⓘ + | 4,076 | 5,812 | 8,059 | 10,335 | 10,376 | 13,066 | 16,570 | 13,459 | 14,704 | 14,993 |
| Operating Profit ⓘ | 239 | 355 | 468 | 657 | 461 | 626 | 589 | 237 | 263 | 312 |
| Operating Profit Margin (%) | 5.5% | 5.8% | 5.5% | 6.0% | 4.3% | 4.6% | 3.4% | 1.7% | 1.8% | 2.0% |
| Other Income ⓘ + | 15 | 57 | 71 | 55 | 45 | 20 | 26 | 15 | 24 | 17 |
| Interest ⓘ | 49 | 77 | 117 | 169 | 114 | 82 | 110 | 59 | 39 | 50 |
| Depreciation ⓘ | 33 | 75 | 123 | 249 | 229 | 212 | 275 | 58 | 41 | 42 |
| Profit Before Tax ⓘ | 172 | 261 | 289 | -384 | 185 | 358 | 284 | 133 | 42 | 230 |
| Tax ⓘ | 50 | -48 | 33 | 47 | 111 | 107 | 61 | -2 | -4 | 8 |
| Profit After Tax | 122 | 310 | 257 | -432 | 74 | 251 | 223 | 135 | 46 | 222 |
| PAT Margin (%) | 2.8% | 5.0% | 3.0% | -3.9% | 0.7% | 1.8% | 1.3% | 1.0% | 0.3% | 1.5% |
| Adjusted EPS (₹) | 9.6 | 21.4 | 17.6 | -30.2 | 3.9 | 16.3 | 15.1 | 18.7 | 3.1 | 14.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 178.60% | 24.50% | 79.30% | 53.50% | 325.10% | 74.10% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 844 | 2,454 | 2,714 | 2,262 | 2,318 | 2,398 | 2,500 | 2,703 | 1,068 | 1,153 | |
| Debt + | 744 | 966 | 750 | 998 | 451 | 571 | 519 | 360 | 12 | 0 | |
| Minority Interest | 1 | 2 | 3 | 77 | 94 | 131 | 162 | 166 | 1 | 2 | |
| Trade Payables | 78 | 148 | 173 | 163 | 121 | 115 | 125 | 118 | 59 | 27 | |
| Others Liabilities ⓘ | 1,326 | 1,394 | 1,443 | 1,912 | 1,926 | 2,325 | 2,806 | 2,758 | 1,537 | 1,713 | |
| Total Liabilities ⓘ | 2,992 | 4,963 | 5,083 | 5,412 | 4,910 | 5,541 | 6,112 | 6,105 | 2,677 | 2,895 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,172 | 1,632 | 1,656 | 1,487 | 1,505 | 1,657 | 1,796 | 1,695 | 341 | 387 | |
| CWIP ⓘ | 8 | 2 | 15 | 5 | 31 | 15 | 18 | 33 | 0 | 2 | |
| Investments ⓘ | 78 | 286 | 128 | 106 | 54 | 102 | 50 | 93 | 0 | 51 | |
| Inventories | 7 | 8 | 22 | 28 | 29 | 27 | 28 | 7 | 0 | 0 | |
| Trade Receivables | 509 | 921 | 913 | 998 | 894 | 2,332 | 2,689 | 2,772 | 1,529 | 1,582 | |
| Cash Equivalents | 463 | 837 | 585 | 759 | 565 | 512 | 566 | 545 | 267 | 207 | |
| Others Assets ⓘ | 756 | 1,278 | 1,762 | 2,029 | 1,833 | 895 | 966 | 959 | 539 | 666 | |
| Total Assets ⓘ | 2,992 | 4,963 | 5,083 | 5,412 | 4,910 | 5,541 | 6,112 | 6,105 | 2,677 | 2,895 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 68 | 109 | 202 | 361 | 715 | 554 | 466 | 529 | 380 | 230 |
| Cash Flow From Investing Activity ⓘ + | -574 | -797 | 180 | -174 | -106 | -188 | -2 | 49 | 2 | -73 |
| Cash Flow From Financing Activity ⓘ + | 707 | 948 | -445 | 13 | -834 | -441 | -443 | -497 | -318 | -237 |
| Net Cash Flow ⓘ | 201 | 259 | -63 | 201 | -225 | -76 | 21 | 82 | 65 | -80 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.38 | 18.79 | 9.93 | -17.36 | 3.22 | 10.64 | 9.1 | 5.21 | 2.43 | 20.01 |
| ROCE (%) | 15.63 | 12.17 | 11.63 | -6.19 | 9.5 | 14.93 | 12.87 | 6.13 | 3.81 | 24.72 |
| Asset Turnover Ratio | 2 | 1.55 | 1.7 | 2.09 | 2.1 | 2.62 | 2.94 | 2.24 | 3.41 | 5.49 |
| PAT to CFO Conversion(x) | 0.56 | 0.35 | 0.79 | N/A | 9.66 | 2.21 | 2.09 | 3.92 | 8.26 | 1.04 |
| Working Capital Days | ||||||||||
| Receivable Days | 38.70 | 42.30 | 39.30 | 31.70 | 31.90 | 43 | 53.40 | 72.80 | 52.50 | 37.10 |
| Inventory Days | 0.40 | 0.50 | 0.70 | 0.80 | 1 | 0.80 | 0.60 | 0.50 | 0 | 0 |
| Payable Days | 371.10 | 289.90 | 223.30 | 229.70 | 258.60 | 154.90 | 91.50 | 154.50 | 0 | 0 |
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Quess Corp Ltd FAQs
The current trading price of Quess Corp on 12-Aug-2026 15:19 is ₹334.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Aug-2026 the market cap of Quess Corp stood at ₹4,839.3 Cr
The latest P/E ratio of Quess Corp as of 11-Aug-2026 is 22.50.
The latest P/B ratio of Quess Corp as of 11-Aug-2026 is 4.85.
The 52-week high of Quess Corp is ₹349.3 and the 52-week low is ₹166.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Quess Corp is ₹14,587 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Quess Corp Ltd is a good quality company.
The key valuation ratios of Quess Corp Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Quess Corp Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Quess Corp Ltd
Quess Corp Limited was incorporated as IRIS Human Capital Solutions Private Limited on September 19, 2007 at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956. Pursuant to a special resolution of its Shareholders dated October 12, 2007, the company’s name was changed to IKYA Human Capital Solutions Private Limited and a fresh certificate of incorporation consequent upon the change of name was issued by the Registrar of Companies, Bangalore (RoC) on October 15, 2007. Subsequently, pursuant to a special resolution of its Shareholders dated May 14, 2013, the company was converted into a public limited company and the name of the company was changed to IKYA Human Capital Solutions Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on July 2, 2013. Thereafter, pursuant to a special resolution of its Shareholders dated December 4, 2014, the company’s name was changed to Quess Corp Limited. A fresh certificate of incorporation consequent upon the change of name was issued by the RoC on January 2, 2015.
Established in 2007 and headquartered in Bangalore. It is also ‘A Great Place to Work’ certified - a testament to excellent culture, people, and processes.
Business area of the company
The company is India’s leading business services provider and largest private-sector employer. It offers a host of services to help organizations manage their non-core activities in the areas of Workforce Management, Operating Asset Management, and Global Technology Solutions across industries and geographies.
Products & Services offered by the company
Work Force Management
- Staffing
- IT Staffing
- Skill & Learning solution
- Digital Compliance Solution
Integrated Facilities Management Services
- Food Services
- Security Services
- Industrial Services
- Telco Network Services
Global Technology Services
- Domestic CLM and BPO
- International CLM and BPO
- Domestic IT Services
- Monster Jobs
- Product Installation & Servicing Solution
- Heptagon
Awards
- 2016: Quess Staffing was recognized as the Star Partner at HCL Global Partner Meet, 2016.
- 2016: Quess Lanka won the ‘Device Service Excellence Gold Partner Award’ from Huawei Sri Lanka for providing professional staffing services across the region, 2016.
- 2016: Simpliance, an associate of Quess, was recognised as the Best Start-Up for its industry leading cloud-based compliance tool at NHRD Showcase, 2016.
- 2016: Quess Industrials was awarded the Strategic Partner (Services) award by ZTE at its India Partners Meet, 2016.
- 2016: Conneqt Business Solutions, Subsidary of Quess, recognised for contribution towards society by Amity CSR awards.
- 2016: Quess was recognized as the ‘Best Partner’ two years in a row by Huawei Telecommunications for staffing business, 2016.
- 2016: Chairman Ajit Isaac was named a finalist at the 2016 EY Entrepreneur of the Year Award Program in India.
- 2017: Quess was recognized as the winner in the ‘Best IPO’ category of IR Awards, 2017 instituted by the Investor Relations Society of India in association with KPMG, Bloomberg and BSE.
- 2019: Quess was ranked 177 on ET 500 companies list and 69 on SIA top global Staffing firms for 2019.
- 2019: Comtel Solutions, Singapore was recognised as Asia’s Best Employer Brand 2019.
- 2019: Quess has been certified as a Great Place to Work for the year 2020 by Great Place To Work Institute - India.
- 2020: Suraj Moraje, Group CEO and Executive Director, was presented the Young Alumni Achiever Awards 2019-20 for Corporate Leadership by IIM Ahmedabad.
- 2020: Quess Malaysia has won three prestigious awards at the Asia Recruitment Awards 2020 - Best Recruitment Portal by a Recruitment Solution Provider (Gold), Best Candidate Experience by a Recruitment Solution Provider (Silver), and Most Innovative Recruitment Strategy - Solution Provider (Bronze).
- 2021: Quess was certified as a Great Place to Work for the year 2021 by Great Place to Work Institute, India.
Milestones
- 2007: Incorporation of the company
- 2008: Acquired Avon, a facility management company
- 2008: Investment by Park Equity Holdings Limited in Company
- 2009: Acquired Coachieve, a human resources solutions company
- 2010: Acquired Magna Infotech, an IT staffing company
- 2011: Selected by Ministry of Rural Development, Government of India, to train 8,000 individuals
- 2013: TCIL acquired a majority stake in Company
- 2014: Acquired 49% stake in MFX, an IT infrastructure company.
- 2014: Acquired Brainhunter, an IT solutions company
- 2014: Acquired Hofincons, a consulting and asset management services company
- 2015: Acquired Aravon, an integrated facilities management company
- 2015: Court approval of the scheme of amalgamation of Avon, Magna Infotech and Hofincons with company and filing with the RoC
- 2015: Signed a share purchase agreement to acquire TSQ
- 2016: Listed on NSE and BSE
- 2016: Acquired Randstand Lanka, a staffing and human resources solutions company
- 2016: Acquired balance 51% stake in MFX, an IT infrastructure company
- 2016: Acquired 49% stake in Terrier, entering Manned Guarding and Security Solutions Business
- 2016: Invested in Manipal Integrated Services, niche FM and Food Business focused on Education and Healthcare
- 2016: Acquired majority stake in Inticore, entering into advanced engineering solutions
- 2016: Headcount crosses 1,50,000 with general staffing business crossing the 1,00,000 mile marker
- 2017: Acquired Greenpiece Landscapes
- 2017: Invested in Simpliance, adding technology muscle to Compliance Management Function
- 2017: Acquired 64% stake in Comtel, largest IT Staffing player in Singapore
- 2017: Successfully completed its first Institutional Placement Program & raised Rs. 874 Cr
- 2017: Acquired Stakes in Vedang Cellular Services Private Limited
- 2017: Formed a Joint Venture with Trimax IT Infrastructure and Services Ltd
- 2017: Forayed into the managed services business with Qtek Systems
- 2017: Acquired majority stakes in TATA Business Support Services Limited (TBSS), now called ConneQt Business Solutions
- 2017: Launched Aadhaar-based onboarding tool, POP(Paperless Onboarding Platform) through Heptagon technologies
- 2017: Celebrated 10 year anniversary
- 2018: Acquired Monster (APAC & Gulf) and HCL’s care unit, Touch
- 2019: Acquired 61.35% stake in Allsec Technologies
- 2019: Ranked 177 on ET 500 companies list
- 2019: Ranked 69 on SIA top global Staffing firms
- 2020: Recognized as India’s largest private sector employer
- 2020: Received Great Place to Work Certification
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