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Quess Corp. Ltd.
(QUESS)
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Rating:76Outperform
Price Target:
₹421.00
▲(92.41% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by solid financial resilience (strong free cash flow and lower leverage) and a strong technical uptrend (price above all major moving averages). The main risk tempering the score is uneven operating performance, with recent revenue declines and sharp margin swings. Valuation is supportive but not compelling, with a reasonable P/E and a healthy dividend yield.
Positive Factors
Consistent Free Cash Flow
Persistent positive free cash flow and close tracking of net income support earnings quality and internal funding capacity. This gives Quess flexibility to sustain operations, manage working-capital needs and invest without relying heavily on external financing.
Negative Factors
Revenue Contraction
The recent revenue downturn raises concern about demand, contract volumes or client retention across the service portfolio. Sustained contraction would reduce operating scale and make it harder to absorb corporate costs, limiting the benefits of Quess's broad platform.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Free Cash Flow
Persistent positive free cash flow and close tracking of net income support earnings quality and internal funding capacity. This gives Quess flexibility to sustain operations, manage working-capital needs and invest without relying heavily on external financing.
Read all positive factors
Quess Corp. Ltd. (QUESS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.88B
Dividend Yield1.76%
Average Volume (3M)67.22K
Price to Earnings (P/E)21.0
Beta (1Y)1.38
Revenue Growth-12.06%
EPS Growth96.12%
CountryIN
Employees428,977
SectorGeneral
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)16.93
Shares Outstanding149,359,850
10 Day Avg. Volume65,369
30 Day Avg. Volume67,218
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.17
Price to Sales (P/S)0.17
P/FCF Ratio12.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.52
Revenue Forecast (FY)₹171.79B
Quess Corp. Ltd. Business Overview & Revenue Model
Company Description
Quess Corp Limited is a diversified business services firm with significant operations spanning India, Southeast Asia, and North America. The company's activities are organized into three primary divisions: Workforce Management, Operating Asset Ma...
How the Company Makes Money
Quess primarily makes money by selling outsourced workforce and business services to enterprise clients under contractual arrangements. A core revenue stream is staffing/workforce services, where Quess recruits, deploys, and manages employees/asso...
Quess Corp. Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
73
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 158.35B | 153.05B | 149.67B | 136.95B | 171.58B | 136.92B |
| Gross Profit | 4.10B | 8.05B | 9.16B | 8.90B | 10.15B | 26.03B |
| EBITDA | 3.33B | 3.21B | 1.07B | 7.00B | 6.69B | 6.53B |
| Net Income | 2.53B | 2.22B | 458.02M | 2.78B | 2.24B | 2.41B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 30.39B | 28.12B | 62.55B | 61.19B | 53.71B |
| Cash, Cash Equivalents and Short-Term Investments | 2.58B | 2.54B | 2.67B | 6.01B | 6.13B | 5.20B |
| Total Debt | 0.00 | 1.24B | 1.13B | 8.38B | 10.11B | 10.35B |
| Total Liabilities | -11.68B | 18.71B | 17.26B | 32.90B | 33.88B | 29.57B |
| Stockholders Equity | 11.68B | 11.66B | 10.85B | 27.99B | 25.69B | 24.38B |
Cash Flow | ||||||
| Free Cash Flow | 1.56B | 2.00B | 3.79B | 4.26B | 3.62B | 4.69B |
| Operating Cash Flow | 1.58B | 2.09B | 3.80B | 5.29B | 4.66B | 5.54B |
| Investing Cash Flow | -344.54M | -770.56M | 22.00M | 494.95M | -22.82M | -1.88B |
| Financing Cash Flow | -1.29B | -2.13B | -3.18B | -4.97B | -4.43B | -4.41B |
Quess Corp. Ltd. Technical Analysis
Neutral
218.80
Price Trends
318.71
Positive
267.28
Positive
230.86
Positive
Market Momentum
13.74
Positive
48.91
Neutral
34.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:QUESS, the sentiment is Neutral. The current price of 218.8 is below the 20-day moving average (MA) of 350.16, below the 50-day MA of 318.71, and below the 200-day MA of 230.86, indicating a neutral trend. The MACD of 13.74 indicates Positive momentum. The RSI at 48.91 is Neutral, neither overbought nor oversold. The STOCH value of 34.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:QUESS.
Quess Corp. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹52.88B | 21.00 | ― | 1.76% | -12.06% | 96.12% | |
69 Neutral | ₹60.90B | 41.76 | ― | 1.63% | 25.20% | 269.50% | |
67 Neutral | ₹38.99B | 13.55 | ― | 2.22% | 1.71% | -21.43% | |
62 Neutral | ₹20.98B | 14.18 | ― | ― | 4.68% | 29.26% | |
56 Neutral | ₹40.25B | 109.03 | ― | 0.62% | 16.93% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹18.40B | -42.93 | ― | 1.29% | -1.53% | -62.66% |
* General Sector Average
IN:QUESS
Quess Corp. Ltd.
339.70
89.18
35.60%
IN:CMSINFO
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239.05
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IN:HGS
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395.85
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IN:MAHLOG
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IN:SIS
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IN:TEAMLEASE
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-31.32%
Quess Corp. Ltd. Corporate Events
Quess Corp Publishes Q1 FY27 Earnings Call Transcript
Aug 3, 2026
Quess Corp Limited has released the transcript of its Q1 FY27 earnings conference call, held on July 30, 2026, in compliance with Indian listing regulations. The document, available on the company’s website, details management’s discus...
Quess Corp Sets Q1 FY27 Analyst Meet and Earnings Call
Jul 22, 2026
Quess Corp Limited has scheduled an analyst and investor meeting on July 30, 2026, at 11:00 a.m. IST to discuss its financial results for the first quarter of FY27. The earnings call, organised with IIFL and featuring senior management including t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.