Quess Corp. Ltd. (QUESS) AI Stock Analysis

• Market Cap: ₹31.80B
• Dividend Yield: 4.7%
• Average Volume (3M): 20.68K
• Price to Earnings (P/E): 36.3
• Beta (1Y): 1.34
• Revenue Growth: -16.43%
• EPS Growth: -75.38%
• Country: IN
• Employees: 522,434
• Sector: Services
• Sector Strength: N/A
• Industry: Staffing & Employment Services
• EPS (TTM): 3.50
• Shares Outstanding: 149,166,580
• 10 Day Avg. Volume: 29,896
• 30 Day Avg. Volume: 20,683
• PEG Ratio: -1.26
• Price to Book (P/B): 4.43
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 12.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 14.8
• Revenue Forecast (FY): ₹157.47B

• Rating: 55 Neutral
• Price Target: ₹220.00 ▲(3.19% Upside)

Quess Corp. Ltd. faces significant challenges, primarily driven by bearish technical indicators and a high P/E ratio, which suggest potential overvaluation. While the financial performance shows some strengths, such as improved leverage, the inconsistencies in cash flow and declining profitability margins are concerning. The dividend yield offers some relief, but overall, the stock's outlook is cautious.

Positive Factors

Improved Leverage

Improved leverage management strengthens the financial position, reducing risk and enhancing the company's ability to invest in growth opportunities.

Solid Equity Position

A solid equity position provides a buffer against financial volatility, supporting long-term stability and potential for strategic investments.

Positive Net Profit Margin

Maintaining a positive net profit margin despite revenue challenges indicates resilience and the ability to sustain profitability over time.

Negative Factors

Revenue Decline

A decline in revenue suggests challenges in market demand or competitive positioning, potentially impacting future growth and profitability.

Decreasing Gross Profit Margin

Shrinking gross profit margins indicate increased cost pressures or pricing challenges, which could erode profitability if not addressed.

Inconsistent Cash Flow

Inconsistent cash flow growth can limit the company's ability to fund operations and investments, posing a risk to financial flexibility.

Quess Corp. Ltd. Business Overview & Revenue Model

Company Description

Quess Corp. Ltd. (QUESS) is a leading business services provider headquartered in India, specializing in integrated workforce solutions and outsourcing services. The company operates across various sectors, including technology, staffing, facilities management, and training services. QUESS aims to enhance organizational efficiency and productivity by offering a comprehensive suite of services tailored to meet the evolving needs of businesses.

How the Company Makes Money

Quess Corp. generates revenue through multiple streams, primarily focusing on staffing solutions, which include temporary and permanent placement services across various industries. The company's revenue model is based on charging clients for the recruitment and management of workforce resources. Additionally, QUESS earns income through its facilities management services, where it provides maintenance, security, and operational support to various enterprises. Training services also contribute to revenue, as QUESS offers skill development programs to enhance employee capabilities. Noteworthy partnerships with multinational corporations and local enterprises bolster QUESS's client base, enhancing its market reach and overall earnings potential.

Quess Corp. Ltd. Financial Statement Overview

Summary

Quess Corp. Ltd. demonstrates a mixed financial performance with challenges in revenue growth and profitability margins. The balance sheet shows improved leverage and a solid equity position, while cash flow metrics reveal inconsistencies in cash generation. Overall, while there are positive aspects, the company faces challenges that need to be addressed to ensure sustainable growth and profitability.

Income Statement

Quess Corp. Ltd. has shown volatility in its revenue with a significant decline from 2024 to 2025, following a previous year of growth. The gross profit margin has decreased over the years, indicating shrinking profitability on a per-revenue basis. Net profit margin is fluctuating but remains positive, showing resilience despite revenue challenges. The EBIT and EBITDA margins have also declined, reflecting increasing operational challenges.

Balance Sheet

The company's debt-to-equity ratio has improved significantly, indicating better leverage management. This is supported by an increasing equity ratio, suggesting a stronger financial position. However, the return on equity has been inconsistent, but it remained positive in recent years, reflecting moderate efficiency in generating returns on equity.

Cash Flow

Free cash flow growth has been inconsistent with a recent decline, suggesting potential challenges in cash generation. The operating cash flow to net income ratio indicates efficient cash generation relative to net income, although the free cash flow to net income ratio has been inconsistent. These factors suggest a need for improved cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	180.06B	149.67B	136.95B	171.58B	136.92B	108.37B
Gross Profit	14.78B	9.16B	8.90B	10.15B	26.03B	7.99B
EBITDA	5.24B	1.07B	7.00B	6.69B	6.53B	5.39B
Net Income	1.28B	458.02M	2.78B	2.24B	2.41B	578.77M
Balance Sheet
Total Assets	0.00	28.12B	62.55B	61.19B	53.71B	47.20B
Cash, Cash Equivalents and Short-Term Investments	2.67B	2.67B	6.01B	6.13B	5.20B	5.42B
Total Debt	0.00	1.13B	8.38B	10.11B	10.35B	7.91B
Total Liabilities	-10.86B	17.26B	32.90B	33.88B	29.57B	22.83B
Stockholders Equity	10.86B	10.85B	27.99B	25.69B	24.38B	23.43B
Cash Flow
Free Cash Flow	0.00	3.79B	4.26B	3.62B	4.69B	6.54B
Operating Cash Flow	0.00	3.80B	5.29B	4.66B	5.54B	7.15B
Investing Cash Flow	0.00	22.00M	494.95M	-22.82M	-1.88B	-1.06B
Financing Cash Flow	0.00	-3.18B	-4.97B	-4.43B	-4.41B	-8.34B

Quess Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 213.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 213.2 is above the 20-day moving average (MA) of 209.09, below the 50-day MA of 220.95, and below the 200-day MA of 278.05, indicating a neutral trend. The MACD of -3.08 indicates Negative momentum. The RSI at 50.30 is Neutral, neither overbought nor oversold. The STOCH value of 83.80 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCIEXP	63 Neutral	₹22.47B	27.41	―	1.37%	-2.79%	-26.28%
SIS	61 Neutral	₹46.69B	88.27	―	―	11.80%	-65.64%
TEAMLEASE	58 Neutral	₹26.74B	22.42	―	―	14.13%	13.09%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
QUESS	55 Neutral	₹31.80B	36.29	―	4.70%	-16.43%	-75.38%
TVSSCS	47 Neutral	₹47.67B	84.59	―	―	5.13%	90.30%
DHANI	45 Neutral	₹35.46B	95.00	―	―	-5.91%	―

Quess Corp. Ltd. Corporate Events

Quess Corp Expands Global Footprint with New Singapore Subsidiary

Quess Corp Limited has announced the incorporation of a wholly-owned step-down subsidiary, Quess Engineering Pte. Ltd., in Singapore through its foreign subsidiary Quesscorp Holdings Pte. Ltd. This new entity is established to expand Quess Corp’s overseas staffing business, specifically within the engineering services vertical. The move signifies Quess Corp’s strategic focus on enhancing its global presence and capabilities in the staffing industry, potentially offering new opportunities for growth and market expansion.

Quess Corp Restructures Nomination and Remuneration Committee

Quess Corp Limited has announced the reconstitution of its Nomination and Remuneration Committee, effective November 6, 2025. This strategic move involves the appointment of Mr. S Devarajan as Chairperson, alongside Ms. Sudha Suresh, Dr. Vivek Mansingh, and Mr. Ajit Isaac as members, aiming to strengthen governance and oversight within the company.

Quess Corp Achieves ‘Very Good’ ESG Rating from CFC Finlease

Quess Corp Limited has received an ESG rating of 7.4, categorized as ‘Very Good,’ from CFC Finlease Private Limited, a SEBI-registered ESG Rating Provider. This rating, based on publicly available information, was communicated to Quess Corp by BSE Limited, highlighting the company’s strong environmental, social, and governance practices.

Quess Corp CFO Resigns Amid Personal Commitments

Quess Corp Limited announced the resignation of its Chief Financial Officer, Sushanth Pai, effective from the close of business on October 17, 2025, due to urgent family commitments following a recent bereavement. This change in key managerial personnel is disclosed under the SEBI Listing Regulations, and the company has made the information available on its website, indicating a commitment to transparency and regulatory compliance.