Quess Corp Ltd

Quess Corp Ltd

₹ 644 0.56%
22 Nov - close price
About

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]

Key Points

Overview[1]
Quess is a top 50 Global staffing company and amongst top 3 in India. The company provides HR Services having 61000+ HC and Business Services having 384,000+ HC in FY23. The company provides a host of technology enabled staffing and managed outsourcing services across processes such as sales & marketing, customer care, after sales service, back office operations, manufacturing operations, facilities and security management, HR & F&A operations, IT & mobility services, etc.[2]

Company has divided its operations in the three segments:
a) Workforce Management (WFM)
b) Operating Asset Management (OAM) and
c) Global Technology Solutions.
d) Product Led Business (PLB)

  • Market Cap 9,576 Cr.
  • Current Price 644
  • High / Low 875 / 460
  • Stock P/E 26.3
  • Book Value 196
  • Dividend Yield 1.55 %
  • ROCE 11.7 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 43.6%
  • Company's median sales growth is 26.3% of last 10 years

Cons

  • Stock is trading at 3.28 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 9.48% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,228 3,685 3,792 3,979 4,273 4,466 4,440 4,600 4,748 4,842 4,910 5,003 5,179
3,116 3,506 3,608 3,826 4,139 4,320 4,288 4,446 4,585 4,661 4,715 4,819 4,984
Operating Profit 112 179 184 153 135 145 152 154 164 181 195 184 196
OPM % 3% 5% 5% 4% 3% 3% 3% 3% 3% 4% 4% 4% 4%
16 3 3 7 9 60 4 4 14 -15 -1 27 5
Interest 20 18 20 20 26 29 31 27 28 35 27 24 28
Depreciation 49 49 64 61 68 70 76 69 70 72 73 69 70
Profit before tax 60 114 104 79 50 107 48 62 79 59 95 119 102
Tax % 31% 22% 26% 15% 20% 20% 38% 23% 11% -8% -3% 6% 8%
41 89 77 68 40 85 30 48 71 64 98 112 94
EPS in Rs 2.54 5.67 4.98 4.51 2.84 5.92 2.23 3.23 4.83 4.30 6.36 6.99 6.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Dec 2013 9m Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,001 1,006 2,567 3,435 4,315 6,167 8,527 10,991 10,837 13,692 17,158 19,100 19,934
958 966 2,436 3,284 4,075 5,805 8,068 10,341 10,387 13,067 16,570 18,400 19,179
Operating Profit 43 40 131 151 240 362 459 650 449 624 589 700 756
OPM % 4% 4% 5% 4% 6% 6% 5% 6% 4% 5% 3% 4% 4%
3 2 6 9 15 50 71 -617 78 27 80 0 17
Interest 18 9 23 31 49 77 117 169 114 82 110 121 114
Depreciation 4 4 10 14 33 75 123 249 229 212 275 283 284
Profit before tax 24 29 104 115 172 261 289 -384 185 358 284 295 375
Tax % 30% 34% 36% 29% 29% -18% 11% 12% 60% 30% 22% 5%
12 18 67 81 122 310 257 -432 74 251 223 280 367
EPS in Rs 9.98 9.40 26.05 7.17 9.61 21.37 17.57 -30.15 3.92 16.30 15.14 18.71 23.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 179% 25% 53% 53%
Compounded Sales Growth
10 Years: 34%
5 Years: 18%
3 Years: 21%
TTM: 9%
Compounded Profit Growth
10 Years: 33%
5 Years: 4%
3 Years: 86%
TTM: 88%
Stock Price CAGR
10 Years: %
5 Years: 5%
3 Years: -10%
1 Year: 30%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 9%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 19 26 113 127 145 146 148 148 148 148 149 149
Reserves 38 88 226 243 1,178 2,315 2,580 2,128 2,195 2,290 2,421 2,650 2,770
106 141 224 393 779 1,166 831 1,473 791 915 1,011 838 690
175 149 244 500 780 1,271 1,455 1,570 1,586 2,093 2,539 2,618 2,805
Total Liabilities 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,255 6,414
33 85 129 252 1,172 1,632 1,656 1,487 1,505 1,657 1,796 1,695 1,684
CWIP 0 0 0 2 8 2 15 5 31 15 18 33 1
Investments 0 0 0 4 78 286 128 106 54 102 50 93 137
297 313 590 992 1,607 2,978 3,212 3,721 3,131 3,671 4,255 4,434 4,592
Total Assets 331 398 719 1,250 2,864 4,898 5,012 5,318 4,720 5,445 6,119 6,255 6,414

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-16 15 38 -50 68 109 202 361 715 554 466 529
-4 -66 -69 -10 -574 -794 182 -170 -105 -188 4 50
15 64 80 86 707 948 -445 13 -834 -441 -443 -496
Net Cash Flow -5 13 49 27 201 263 -61 204 -223 -75 27 83

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 45 39 43 43 54 39 33 61 62 57 53
Inventory Days
Days Payable
Cash Conversion Cycle 58 45 39 43 43 54 39 33 61 62 57 53
Working Capital Days 29 26 30 28 28 28 24 27 30 21 17 16
ROCE % 29% 21% 35% 24% 16% 12% 11% 12% 8% 13% 9% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.78% 51.87% 51.84% 51.81% 51.90% 56.75% 56.69% 56.66% 56.65% 56.64% 56.64% 56.60%
22.23% 21.45% 22.00% 21.93% 21.78% 17.92% 17.04% 16.93% 16.30% 15.30% 15.93% 15.81%
13.01% 11.67% 10.65% 9.36% 8.04% 6.56% 7.33% 10.18% 10.66% 10.78% 10.95% 10.96%
12.98% 15.01% 15.52% 16.91% 18.29% 18.77% 18.94% 16.22% 16.40% 17.30% 16.48% 16.62%
No. of Shareholders 64,69770,78668,45870,95578,91681,23381,87485,06784,74788,92583,69993,204

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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