Quess Corp Ltd - Stock Valuation and Financial Performance

BSE: 539978 | NSE: QUESS | BPO/ITeS | Small Cap

Quess Corp Share Price

721.25 -8.65 -1.19%
as on 19-Dec'24 16:59

DeciZen - make an informed investing decision on Quess Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Quess Corp stock performance -

mw4me loader
P/E Ratio (CD):
30.25
Market Cap:
10,724.1 Cr.
52-wk low:
460
52-wk high:
875

Is Quess Corp Ltd an attractive stock to invest in?

1. Is Quess Corp Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Quess Corp Ltd is a good quality company.

2. Is Quess Corp Ltd undervalued or overvalued?

The key valuation ratios of Quess Corp Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Quess Corp Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Quess Corp Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Quess Corp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Quess Corp Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 35.2%24%15.6%12.2%11.6%-6.2%9.5%14.9%12.9%13.3%-
Value Creation
Index
1.60.80.2-0.1-0.1-1.5-0.30.1-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0543,4354,3156,1678,52710,99110,83713,69217,15819,10019,934
Sales YoY Gr.-67.3%25.6%42.9%38.3%28.9%-1.4%26.3%25.3%11.3%-
Adj EPS 5.37.29.721.417.5-29.22.816.312.319.923.8
YoY Gr.-35.3%35.3%120.3%-18.3%-267%NA472.9%-24.3%62%-
BVPS (₹) 1931.166.5168.7185.8153.4157162.1168.7182196.3
Adj Net
Profit
54.681.2123311255-43042241183296354
Cash Flow from Ops. 11.9-49.568.4109202361715554466529-
Debt/CF from Ops. 15.1-7.911.49.343.20.71.11.10.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.1%17.5%20.8%11.3%
Adj EPS 15.9%2.7%91.5%62%
BVPS28.5%-0.4%5.1%7.9%
Share Price - 7.1% -2.8% 46.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
31.426.814.816.59.8-17.21.810.17.31112.6
Op. Profit
Mgn %
5.14.45.65.85.564.34.63.43.73.8
Net Profit
Mgn %
2.72.42.953-3.80.51.81.11.61.8
Debt to
Equity
0.91.10.90.40.30.50.20.30.20.10
Working Cap
Days
567794103105969880747233
Cash Conv.
Cycle
232932353226284051509

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth is growing at healthy rate in last 3 years 20.79%

Net Profit is growing at healthy rate in last 3 years 91.49%

Sales growth is not so good in last 4 quarters at 9.21%

Latest Financials - Quess Corp Ltd.

Standalone Consolidated
TTM EPS (₹) 29.8 23.8
TTM Sales (₹ Cr.) 16,595 19,934
BVPS (₹.) 190.8 196.3
Reserves (₹ Cr.) 2,688 2,770
P/BV 3.78 3.67
PE 24.23 30.25
From the Market
52 Week Low / High (₹) 460.00 / 875.00
All Time Low / High (₹) 165.40 / 1300.00
Market Cap (₹ Cr.) 10,724
Equity (₹ Cr.) 148.7
Face Value (₹) 10
Industry PE 83.1

Management X-Ray of Quess Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Quess Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,5673,4354,3156,1678,52710,99110,83713,69217,15819,100
Operating Expenses 2,4373,2844,0765,8128,05910,33110,37613,06616,57018,403
Manufacturing Costs155094122235229197270261238
Material Costs524871142262267201279479477
Employee Cost 2,2743,0073,6345,0796,7139,0639,29711,68714,66016,557
Other Costs 961782774688497716818301,1701,130
Operating Profit 130151239355468660461626589698
Operating Profit Margin (%) 5.1%4.4%5.5%5.8%5.5%6.0%4.3%4.6%3.4%3.7%
Other Income 791557715145202629
Interest 2331497711716911482110121
Depreciation 10143375123249229212275283
Exceptional Items 00000-66433754-27
Profit Before Tax 105115172261289-384185358284295
Tax 363450-4833471111076115
Profit After Tax 6981122310257-43274251223280
PAT Margin (%) 2.7%2.4%2.8%5.0%3.0%-3.9%0.7%1.8%1.3%1.5%
Adjusted EPS (₹)6.77.29.621.417.6-30.23.916.315.118.7
Dividend Payout Ratio (%)0%0%0%0%0%0%179%25%79%53%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2453528442,4542,7142,2622,3182,3982,5002,703
Share Capital 26113127145146148148148148149
Reserves 2192397172,3082,5682,1152,1702,2502,3522,554
Minority Interest001237794131162166
Debt220374744966750998451571519360
Long Term Debt035274269209115542492
Short Term Debt220339470698541883397547509358
Trade Payables426778148173163121115125118
Others Liabilities 2085201,3261,3941,4431,9121,9262,3252,8062,909
Total Liabilities 7151,3142,9924,9635,0835,4124,9105,5416,1126,255

Fixed Assets

Gross Block1713061,2691,8442,0212,2792,4942,7872,6832,788
Accumulated Depreciation4154982133647929891,1308871,093
Net Fixed Assets1292521,1721,6321,6561,4871,5051,6571,7961,695
CWIP 028215531151833
Investments 0478286128106541025093
Inventories127822282927287
Trade Receivables2554055099219139988942,3322,6892,772
Cash Equivalents 82109463837585759565512566545
Others Assets2485397561,2781,7622,0291,8338959661,109
Total Assets 7151,3142,9924,9635,0835,4124,9105,5416,1126,255

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 15-5068109202361715554466529
PBT 105115172261289-384185358284295
Adjustment 3046741132121,084412314404523
Changes in Working Capital -86-162-94-186-125-193-46-31-23-145
Tax Paid -34-48-84-80-175-145165-87-199-144
Cash Flow From Investing Activity -68-10-574-797180-174-106-188-249
Capex -15-23-38-85-96-57-61-83-99-99
Net Investments -22-154-310337113-54-862466
Others -5211-381-402-61-2299-197283
Cash Flow From Financing Activity 6686707948-44513-834-441-443-497
Net Proceeds from Shares 034018751480000
Net Proceeds from Borrowing 001400-1-31-19-11
Interest Paid -22-30-44-67-86-116-74-55-64-62
Dividend Paid 0000000-162-177-59
Others 88114350136-35981-759-193-183-365
Net Cash Flow 1327201259-63201-225-762182
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)39.7127.1820.3818.799.93-17.363.2210.649.110.78
ROCE (%)35.2423.9515.6312.1711.63-6.199.514.9312.8713.29
Asset Turnover Ratio4.633.3921.551.72.092.12.622.943.09
PAT to CFO Conversion(x)0.22-0.620.560.350.79N/A9.662.212.091.89
Working Capital Days
Receivable Days27353942393232435352
Inventory Days0000111110
Payable Days1624143712902232302591559193

Quess Corp Ltd Stock News

Quess Corp Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Quess Corp on 19-Dec-2024 16:59 is ₹721.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Dec-2024 16:59 the market cap of Quess Corp stood at ₹10,724.1.
The latest P/E ratio of Quess Corp as of 19-Dec-2024 16:59 is 24.23.
The latest P/B ratio of Quess Corp as of 19-Dec-2024 16:59 is 3.78.
The 52-week high of Quess Corp is ₹875.0 and the 52-week low is ₹460.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Quess Corp is ₹16,595 ( Cr.) .

About Quess Corp Ltd

Quess Corp Limited was incorporated as IRIS Human Capital Solutions Private Limited on September 19, 2007 at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956. Pursuant to a special resolution of its Shareholders dated October 12, 2007, the company’s name was changed to IKYA Human Capital Solutions Private Limited and a fresh certificate of incorporation consequent upon the change of name was issued by the Registrar of Companies, Bangalore (RoC) on October 15, 2007. Subsequently, pursuant to a special resolution of its Shareholders dated May 14, 2013, the company was converted into a public limited company and the name of the company was changed to IKYA Human Capital Solutions Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on July 2, 2013. Thereafter, pursuant to a special resolution of its Shareholders dated December 4, 2014, the company’s name was changed to Quess Corp Limited. A fresh certificate of incorporation consequent upon the change of name was issued by the RoC on January 2, 2015.

Established in 2007 and headquartered in Bangalore. It is also ‘A Great Place to Work’ certified - a testament to excellent culture, people, and processes.

Business area of the company

The company is India’s leading business services provider and largest private-sector employer. It offers a host of services to help organizations manage their non-core activities in the areas of Workforce Management, Operating Asset Management, and Global Technology Solutions across industries and geographies.

Products & Services offered by the company

Work Force Management

  • Staffing
  • IT Staffing
  • Skill & Learning solution
  • Digital Compliance Solution

Integrated Facilities Management Services

  • Food Services
  • Security Services
  • Industrial Services
  • Telco Network Services

Global Technology Services

  • Domestic CLM and BPO
  • International CLM and BPO
  • Domestic IT Services
  • Monster Jobs
  • Product Installation & Servicing Solution
  • Heptagon

Awards

  • 2016: Quess Staffing was recognized as the Star Partner at HCL Global Partner Meet, 2016.
  • 2016: Quess Lanka won the ‘Device Service Excellence Gold Partner Award’ from Huawei Sri Lanka for providing professional staffing services across the region, 2016.
  • 2016: Simpliance, an associate of Quess, was recognised as the Best Start-Up for its industry leading cloud-based compliance tool at NHRD Showcase, 2016.
  • 2016: Quess Industrials was awarded the Strategic Partner (Services) award by ZTE at its India Partners Meet, 2016.
  • 2016: Conneqt Business Solutions, Subsidary of Quess, recognised for contribution towards society by Amity CSR awards.
  • 2016: Quess was recognized as the ‘Best Partner’ two years in a row by Huawei Telecommunications for staffing business, 2016.
  • 2016: Chairman Ajit Isaac was named a finalist at the 2016 EY Entrepreneur of the Year Award Program in India.
  • 2017: Quess was recognized as the winner in the ‘Best IPO’ category of IR Awards, 2017 instituted by the Investor Relations Society of India in association with KPMG, Bloomberg and BSE.
  • 2019: Quess was ranked 177 on ET 500 companies list and 69 on SIA top global Staffing firms for 2019.
  • 2019: Comtel Solutions, Singapore was recognised as Asia’s Best Employer Brand 2019.
  • 2019: Quess has been certified as a Great Place to Work for the year 2020 by Great Place To Work Institute - India.
  • 2020: Suraj Moraje, Group CEO and Executive Director, was presented the Young Alumni Achiever Awards 2019-20 for Corporate Leadership by IIM Ahmedabad.
  • 2020: Quess Malaysia has won three prestigious awards at the Asia Recruitment Awards 2020 - Best Recruitment Portal by a Recruitment Solution Provider (Gold), Best Candidate Experience by a Recruitment Solution Provider (Silver), and Most Innovative Recruitment Strategy - Solution Provider (Bronze).
  • 2021: Quess was certified as a Great Place to Work for the year 2021 by Great Place to Work Institute, India.

Milestones

  • 2007: Incorporation of the company
  • 2008: Acquired Avon, a facility management company
  • 2008: Investment by Park Equity Holdings Limited in Company
  • 2009: Acquired Coachieve, a human resources solutions company
  • 2010: Acquired Magna Infotech, an IT staffing company
  • 2011: Selected by Ministry of Rural Development, Government of India, to train 8,000 individuals
  • 2013: TCIL acquired a majority stake in Company
  • 2014: Acquired 49% stake in MFX, an IT infrastructure company.
  • 2014: Acquired Brainhunter, an IT solutions company
  • 2014: Acquired Hofincons, a consulting and asset management services company
  • 2015: Acquired Aravon, an integrated facilities management company
  • 2015: Court approval of the scheme of amalgamation of Avon, Magna Infotech and Hofincons with company and filing with the RoC
  • 2015: Signed a share purchase agreement to acquire TSQ
  • 2016: Listed on NSE and BSE
  • 2016: Acquired Randstand Lanka, a staffing and human resources solutions company
  • 2016: Acquired balance 51% stake in MFX, an IT infrastructure company
  • 2016: Acquired 49% stake in Terrier, entering Manned Guarding and Security Solutions Business
  • 2016: Invested in Manipal Integrated Services, niche FM and Food Business focused on Education and Healthcare
  • 2016: Acquired majority stake in Inticore, entering into advanced engineering solutions
  • 2016: Headcount crosses 1,50,000 with general staffing business crossing the 1,00,000 mile marker
  • 2017: Acquired Greenpiece Landscapes
  • 2017: Invested in Simpliance, adding technology muscle to Compliance Management Function
  • 2017: Acquired 64% stake in Comtel, largest IT Staffing player in Singapore
  • 2017: Successfully completed its first Institutional Placement Program & raised Rs. 874 Cr
  • 2017: Acquired Stakes in Vedang Cellular Services Private Limited
  • 2017: Formed a Joint Venture with Trimax IT Infrastructure and Services Ltd
  • 2017: Forayed into the managed services business with Qtek Systems
  • 2017: Acquired majority stakes in TATA Business Support Services Limited (TBSS), now called ConneQt Business Solutions
  • 2017: Launched Aadhaar-based onboarding tool, POP(Paperless Onboarding Platform) through Heptagon technologies
  • 2017: Celebrated 10 year anniversary 
  • 2018: Acquired Monster (APAC & Gulf) and HCL’s care unit, Touch
  • 2019: Acquired 61.35% stake in Allsec Technologies
  • 2019: Ranked 177 on ET 500 companies list
  • 2019: Ranked 69 on SIA top global Staffing firms
  • 2020: Recognized as India’s largest private sector employer
  • 2020: Received Great Place to Work Certification
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