Quess Corp. Ltd. (QUESS) AI Stock Analysis

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Quess Corp. Ltd.

(NSE:QUESS)

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Rating:76Outperform

Price Target:INR 421.00▲(37.56% 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 FlowPersistent 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 ContractionThe 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.

Quess Corp. Ltd. (QUESS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 45.71B
Dividend Yield: 1.95%
Average Volume (3M): 29.23K
Price to Earnings (P/E): 18.1
Beta (1Y): 1.36
Revenue Growth: -12.06%
EPS Growth: 96.12%
Country: India
Employees: 428,977
Sector: General
Sector Strength: 55
Industry: Staffing & Employment Services

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 Manag...

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/associa...

Quess Corp. Ltd. Financial Statement Overview

Summary

Overall financials are supported by consistently positive free cash flow and improved leverage (materially lower debt-to-equity), which reduces financial risk. Offsetting this, revenue has turned downward in recent years and margins have been highly volatile, making profitability durability less predictable.

Income Statement

58Neutral

Balance Sheet

73Positive

Cash Flow

80Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price306.05

Price Trends

50DMA341.94Negative

100DMA314.59Negative

200DMA255.08Positive

Market Momentum

MACD-6.56Positive

RSI36.78Neutral

STOCH50.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:QUESS, the sentiment is Negative. The current price of 306.05 is below the 20-day moving average (MA) of 326.24, below the 50-day MA of 341.94, and above the 200-day MA of 255.08, indicating a neutral trend. The MACD of -6.56 indicates Positive momentum. The RSI at 36.78 is Neutral, neither overbought nor oversold. The STOCH value of 50.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:QUESS.

Quess Corp. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:QUESS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:QUESS	76Outperform	INR 45.72B	18.07	―	1.95%	-12.06%	96.12%
IN:SIS	66Neutral	INR 52.18B	35.60	―	1.90%	25.20%	269.50%
IN:MAHLOG	65Neutral	INR 40.97B	54.42	―	0.61%	20.30%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TEAMLEASE	54Neutral	INR 16.49B	12.33	―	―	4.68%	29.26%
IN:CMSINFO	52Neutral	INR 32.77B	11.40	―	2.54%	1.71%	-21.43%
IN:HGS	50Neutral	INR 15.57B	-35.73	―	1.49%	-1.53%	-62.66%

* General Sector Average

Performance Comparison

IN:QUESS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:QUESS	Quess Corp. Ltd.	306.05	81.51	36.30%
IN:CMSINFO	CMS Info Systems Ltd.	204.75	-161.22	-44.05%
IN:HGS	Hinduja Global Solutions Limited	334.80	-172.45	-34.00%
IN:MAHLOG	Mahindra Logistics Ltd.	412.65	73.89	21.81%
IN:SIS	SIS Limited	369.15	41.95	12.82%
IN:TEAMLEASE	TeamLease Services Limited	1078.85	-623.45	-36.62%

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 discussio...

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 the...

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.

Date of analysis: Aug 01, 2026

Quess Corp. Ltd. AI Stock Analysis