Quess Corp. Ltd. (IN:QUESS)
:QUESS
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Quess Corp. Ltd.
(QUESS)
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Rating:55Neutral
Price Target:
₹178.00
▼(-18.65% Downside)
Action:ReiteratedDate:11/14/25
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 and stronger balance sheet
Material improvement in leverage—lower debt-to-equity and a rising equity ratio—strengthens financial flexibility. This reduces refinancing and covenant risk, allows Quess to support payroll-heavy contracts and pursue selective investments or M&A, bolstering resilience across the next several months.
Negative Factors
Declining revenue and shrinking margins
A marked revenue decline combined with compressed gross, EBIT and EBITDA margins signals structural pressure on pricing and cost absorption. Persisting margin erosion weakens operating cash generation, reduces room for reinvestment, and increases sensitivity to client churn or contract price renegotiation over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and stronger balance sheet
Material improvement in leverage—lower debt-to-equity and a rising equity ratio—strengthens financial flexibility. This reduces refinancing and covenant risk, allows Quess to support payroll-heavy contracts and pursue selective investments or M&A, bolstering resilience across the next several months.
Read all positive factors
Quess Corp. Ltd. (QUESS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.33B
Dividend Yield4.7%
Average Volume (3M)20.68K
Price to Earnings (P/E)13.9
Beta (1Y)1.28
Revenue Growth-16.43%
EPS Growth-75.38%
CountryIN
Employees522,434
SectorServices
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)3.90
Shares Outstanding149,217,600
10 Day Avg. Volume29,896
30 Day Avg. Volume20,683
Financial Highlights & Ratios
PEG Ratio-1.26
Price to Book (P/B)4.43
Price to Sales (P/S)0.32
P/FCF Ratio12.69
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)14.55
Revenue Forecast (FY)₹154.39B
Quess Corp. Ltd. Business Overview & Revenue Model
Company Description
Quess Corp Limited operates as a business services provider in India, South East Asia, and North America. It operates through Workforce Management, Operating Asset Management, and Global Technology Solutions segments. The Workforce Management segm...
How the Company Makes Money
Quess primarily makes money by charging enterprise clients for workforce and outsourcing services under contractual arrangements. A major revenue stream is staffing/workforce management: Quess sources, recruits, onboards, and deploys personnel to ...
Quess Corp. Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 166.59B | 149.67B | 136.95B | 171.58B | 136.92B | 108.37B |
| Gross Profit | 10.62B | 9.16B | 8.90B | 10.15B | 26.03B | 7.99B |
| EBITDA | 4.05B | 1.07B | 7.00B | 6.69B | 6.53B | 5.39B |
| Net Income | 875.04M | 458.02M | 2.78B | 2.24B | 2.41B | 578.77M |
Balance Sheet | ||||||
| Total Assets | 30.53B | 28.12B | 62.55B | 61.19B | 53.71B | 47.20B |
| Cash, Cash Equivalents and Short-Term Investments | 2.73B | 2.67B | 6.01B | 6.13B | 5.20B | 5.42B |
| Total Debt | 2.07B | 1.13B | 8.38B | 10.11B | 10.35B | 7.91B |
| Total Liabilities | 19.36B | 17.26B | 32.90B | 33.88B | 29.57B | 22.83B |
| Stockholders Equity | 11.15B | 10.85B | 27.99B | 25.69B | 24.38B | 23.43B |
Cash Flow | ||||||
| Free Cash Flow | 1.56B | 3.79B | 4.26B | 3.62B | 4.69B | 6.54B |
| Operating Cash Flow | 1.58B | 3.80B | 5.29B | 4.66B | 5.54B | 7.15B |
| Investing Cash Flow | -344.54M | 22.00M | 494.95M | -22.82M | -1.88B | -1.06B |
| Financing Cash Flow | -1.29B | -3.18B | -4.97B | -4.43B | -4.41B | -8.34B |
Quess Corp. Ltd. Technical Analysis
Negative
218.80
Price Trends
195.63
Negative
202.44
Negative
235.77
Negative
Market Momentum
-6.88
Positive
36.58
Neutral
32.61
Neutral
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 218.8 is above the 20-day moving average (MA) of 183.66, above the 50-day MA of 195.63, and below the 200-day MA of 235.77, indicating a bearish trend. The MACD of -6.88 indicates Positive momentum. The RSI at 36.58 is Neutral, neither overbought nor oversold. The STOCH value of 32.61 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹18.02B | 25.07 | ― | 1.37% | -2.79% | -26.28% | |
61 Neutral | ₹40.33B | -8.49 | ― | ― | 11.80% | -65.64% | |
58 Neutral | ₹20.33B | 15.64 | ― | ― | 14.13% | 13.09% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹26.33B | 13.93 | ― | 4.70% | -16.43% | -75.38% | |
47 Neutral | ₹43.48B | 116.38 | ― | ― | 5.13% | 90.30% |
* Services Sector Average
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Quess Corp. Ltd. Corporate Events
Quess Corp Unveils Leadership Transition and New 2026 Stock Ownership Plan
Mar 16, 2026
Quess Corp has announced a leadership transition, appointing Lohit Bhatia as Whole-time Director, Executive Director and Group Chief Executive Officer for a three-year term effective June 1, 2026, as part of its succession planning. Incumbent Exec...
Quess Corp Faces Rs 159.9 Crore Tax Demand, Plans to Challenge Assessment
Feb 1, 2026
Quess Corp Ltd has disclosed that it received a final assessment and demand order from the Income Tax Department for Assessment Year 2022-23, raising a tax demand of Rs 159.92 crore. The order, which aligns with earlier adjustments for FY 2016-17 ...
Quess Corp Board Clears Q3 FY26 Results, Declares Interim Dividend
Jan 28, 2026
Quess Corp Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, along with the statutory auditors’ limited review report, in line with Indian s...
Quess Corp Lifts Q3 Profitability With 28% EBITDA Growth, Declares ₹5 Interim Dividend
Jan 28, 2026
Quess Corp reported Q3 FY2026 revenue of ₹3,930 crore, up 3% quarter-on-quarter but slightly lower year-on-year, while delivering a robust 28% year-on-year increase in EBITDA to ₹80 crore and expanding EBITDA margin to 2.03%. Adjusted ...
Quess Corp Files Q3 FY26 Investor Presentation With Stock Exchanges
Jan 28, 2026
Quess Corp Limited has released its investor presentation for the third quarter and nine months ended 31 December 2025, in line with disclosure requirements for listed entities. The presentation, now available on the company’s website and fi...
Quess Corp Announces Resignation of Chief Business Officer – Origint
Jan 5, 2026
Quess Corp Limited has announced a change in its senior management, disclosing the resignation of Mr. Mohit Mathur from the role of Chief Business Officer – Origint, effective from the close of business on January 5, 2026, citing personal re...
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.