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Prices as of 9 Oct 2026 close · Not investment advice

Quess Corp Limited

NSE: QUESSDiversified Commercial Services

Share price

₹321.35

+0.19% close of 9 Oct 2026

Market cap ₹4,788 CrP/E 18.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

58

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4,788 Cr

P/E ratio

18.5

P/B ratio

4.1

ROCE

24.0%

ROE

21.3%

Dividend yield

2.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹381.7552-week low ₹169.72

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.3% over the past year, and 16.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 4.3% to 2.1% over the last four years.

Whether it grew faster than its sector

It grew 16.5% a year against a sector median of 9.8% — 6.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 18.5× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 21.6×, across 5 companies. It is against its own five-year median of 33.9×, the 18th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.1 times its growth rate, on earnings growth of 9%.

Profit growthPrice per ₹1 profitPer 1% growth
Quess Corp Limited — this one9%/yr18.5×₹2.1
International Gemmological Institute (India) Limited43%/yr21.6×₹0.50
WeWork India Management Limited36%/yr100.7×₹2.8
Indiabulls Limited50%/yr16.1×₹0.32
Nesco Limited11%/yr17.3×₹1.6
Leap India Limited81%/yr117.6×₹1.5

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Commercial Services), it ranks 4 of 40 on returns, 15 of 36 on growth, 32 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 24% on capital, ahead of 90% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2159 crore of cash from the business, spent ₹289 crore on plant and equipment, and returned ₹1935 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 240 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 14.5% and profit up 61%, but the cash-collection target was left unmentioned

Announced 29 Jul 2026 · Consolidated · Unaudited

Revenue

₹4,182 Cr

Revenue vs last year

+14.5%

Revenue vs last quarter

+7.4%

Net profit

₹82 Cr

Profit vs last year

+61.0%

Profit vs last quarter

+28.3%

Net margin

2.0%

EPS

₹5.50

Earnings call transcript · 30 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4,788 Cr
Prev close
₹321.35
52w High
₹389
52w Low
₹166
Enterprise value
₹4,654 Cr
Beta
0.7
Price CAGR 1y
37.0%
Price CAGR 3y
17.0%
Price CAGR 5y
-6.0%
Price CAGR 10y
1.0%

Ratios

Return on assets
7.3%
PEG ratio
2.1
P/E ratio
18.5
P/B ratio
4.1
EV / EBITDA
14.2
Industry P/E
16.8
ROCE
24.0%
ROCE 5y average
12.6%
ROE
21.3%
Debt / Equity
0.1
Interest coverage
5.6
Dividend yield
2.5%
ROE 3y average
14.0%
ROE last year
21.0%

Annual P&L

Annual revenue
₹15,305 Cr
Annual profit
₹222 Cr
Operating margin
2.1%
Net profit margin
1.5%
EBITDA margin
2.1%
Sales growth 3y
-3.7%
Sales growth 5y
7.1%
Profit growth 3y
9.0%
Profit growth 5y
39.0%
EPS
₹14.8
Sales growth TTM
5.0%
Profit growth TTM
22.0%
Dividend payout
74.0%

Quarter P&L

Sales latest quarter
₹4,182 Cr
Profit latest quarter
₹82 Cr
YoY quarterly sales growth
14.5%
YoY quarterly profit growth
60.8%
OPM latest quarter
2.0%

Balance Sheet

Book Value
₹78.3
Face Value
₹10.0
Total debt
₹124 Cr
Total cash
₹207 Cr
Borrowings
₹124 Cr
Reserves / Equity
6.8

Cash Flow

Operating cash flow
₹230 Cr
Free cash flow
₹221 Cr
FCF yield
3.6%
Net cash flow
-₹71 Cr

Shareholding

Promoter holding
56.8%
FII holding
8.6%
DII holding
11.9%
Public holding
21.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
International Gemological Instit311.1022.113,4450.80165.731.0370.823.269.3
Wework India660.70106.09,1750.00-4.668.7680.227.420.6
Indiabulls35.6417.18,3120.00141.035647.5359.5292.316.2
NESCO1,030.9017.47,2640.68100.04.0211.89.618.5
NDR INVIT Trust151.0069.56,9161.7436.0-5.4124.022.15.1
Leap India144.10108.86,3480.0024.730.2203.419.18.3
Nirlon626.0015.85,6424.8069.418.8168.33.330.8
Quess Corp324.5018.74,8482.4782.155.44,181.714.524.0
Median156.9017.14010.008.438.777.715.114.7

Competes with: CMS Info Systems Limited, Coreintegra Consulting Services Limited, Indiabulls Limited, Inox Green Energy Services Limited, International Gemmological Institute (India) Limited, Leap India Limited, Nesco Limited, Nirlon Limited, Smartworks Coworking Spaces Limited, WeWork India Management Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,6004,7484,8423,5373,5873,7054,0193,6563,6513,8323,9303,8924,182
Expenses4,4464,5854,6563,4773,5243,6363,9573,5893,5823,7553,8503,8064,097
Material Cost0.0800000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost3,4543,4343,6603,7133,6923,959
Other Expenses13514795137114138
Operating Profit15416418660636962677077808685
OPM %3.353.443.841.691.761.871.551.841.9122.032.222.02
Other Income414-155661-1-14734-5726
Exceptional items (within Other Income)-158-1.850-6.810.590
Interest27284081110991013131414
Depreciation69707215111010101010111110
Profit before tax62795992485042-995257516986
Tax %2311-8-6-1-11-4210-874
Net Profit48716498495142-955152556482
EPS in Rs3.234.834.306.363.303.402.80-6.413.423.463.684.305.48
Diluted EPS in Rs-6.423.413.453.684.295.45

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,5673,4354,3156,1678,52710,99110,83713,69217,15813,69514,96715,30515,835
Expenses2,4363,2844,0755,8058,06810,34110,38713,06716,57013,45914,64614,98015,508
Material Cost0.270
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost14,05114,500
Other Expenses653493
Operating Profit131151240362459650449624589237321325327
OPM %54.4066564.204.603.401.702.102.102.10
Other Income69155071-617782780159-199-431
Exceptional items (within Other Income)-164-8.07
Interest233149771171691148211059395054
Depreciation1014337512324922921227558414241
Profit before tax104115172261289-38418535828427842230263
Tax %362929-181112603022-1-103
Net Profit6781122310257-4327425122328046222253
EPS in Rs267.179.612118-303.921615193.081517
Diluted EPS in Rs3.0715
Dividend Payout %00000017925535332574

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
16%
5 years
7%
3 years
-4%
TTM
5%

Compounded profit growth

10 years
11%
5 years
39%
3 years
9%
TTM
22%

Stock price CAGR

10 years
1%
5 years
-6%
3 years
17%
1 year
37%

Return on equity

10 years
10%
5 years
11%
3 years
14%
Last year
21%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital26113127145146148148148148149149149
Reserves2262431,1782,3152,5802,1282,1952,2902,4212,6509361,017
Borrowings2243937791,1668311,4737919151,011838113124
Other Liabilities2445007801,2711,4551,5701,5862,0192,5392,6181,6141,748
Minority Interest1.141.76
Total Liabilities7191,2502,8644,8985,0125,3184,7205,3716,1196,2552,8123,039
Fixed Assets1292521,1721,6321,6561,4871,5051,6571,7961,695341387
CWIP02821553115183302
Investments0478286128106541025093051
Other Assets5909921,6072,9783,2123,7213,1313,5974,2554,4342,4712,600
Total Assets7191,2502,8644,8985,0125,3184,7205,3716,1196,2552,8123,039

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity38-5068109202361715554466529380230
Cash from Investing Activity-69-10-574-794182-170-105-188450-333-64
Cash from Financing Activity8086707948-44513-834-441-443-496-318-237
Net Cash Flow4927201263-61204-223-752783-271-71
Free Cash Flow24-723024106304654471368431379221

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days394343543933616257743738
Cash Conversion Cycle394343543933616257743738
Working Capital Days-1-8-12-131-61153957
ROCE %352416121112813951224

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters575757575757575757575757
FIIs1716151616151515149.158.318.58
DIIs1011111111109.778.749.77121212
Public161617161718182019222222
Others000000000001
No. of Shareholders85,06784,74788,92583,69993,2041,07,6801,24,0731,26,3881,23,9971,21,9111,10,1181,07,345

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +35.0% (₹238.00 → ₹321.35)Brick size ₹15.08 (fixed)Bricks 20
₹200₹300₹321Dec '25Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹321.35 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

1.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-134inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,56,779inr

2026-03-31

News

News and filings about Quess Corp Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Sells to

  • Amazon · staffing & delivery associates
  • Bajaj Finance · workforce management / outsourced staffing
  • Reliance Industries · workforce management / outsourced staffing
  • Samsung · staffing & after-sales/store personnel
  • Vodafone Idea · workforce management / outsourced staffing

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Diversified Commercial Services
Classification
Services › Diversified Commercial Services
ISIN
INE615P01015

Business segments

  • a) General Staffing · 86%
  • c) Overseas business · 8%
  • b) Professional staffing · 6%
  • d) Digital Platforms · 0%

News impact

Big market events that reach Quess Corp Limited, and how the effect spreads.

Who it hits first

  • The government extended Part II of its RELIEF scheme for exporters through a September 30 notice, so help with high shipping costs continues.
  • Exporters sending goods through West Asia routes keep getting support instead of facing the full jump in freight bills alone.
  • Cargo carriers, ports and freight handlers keep steadier export volumes because subsidised exporters keep shipping.

Who may gain

  • Indian exporters who ship goods through West Asia sea and air routes — their freight bills shrink.
  • Cargo shipowners such as the Shipping Corporation of India and the Great Eastern Shipping Company — steadier sailings and charter demand.
  • Freight movers such as Transport Corporation of India and Container Corporation of India — fuller trucks and container trains.
  • Port operators such as Adani Ports — steadier export cargo passing through their terminals.

Along the supply chain

Downstream

Makers of exported goods keep orders moving and overseas buyers keep receiving Indian shipments on time, so the downstream effect is continuity of trade rather than new demand.

Upstream

Steadier sailings support demand for ship fuel, vessel charters, containers and port handling services, though the scheme pays exporters rather than buying these inputs directly.

Where demand moves

Business

Exporters facing lower net freight costs keep booking shipments instead of delaying them, so demand flows from exporters to shipping lines, freight forwarders, rail-container movers and ports as steadier cargo volumes over the next few weeks.

Capital

Investors are likely to favour listed shipping, logistics and port shares on steadier volume hopes, while exporters themselves save working capital that would otherwise sit in freight bills.

How it spreads across sectors

Services

Positive for logistics, shipping and port members as RELIEF keeps export cargo flowing through West Asia routes; IT, staffing and facility-service members see no real spillover.

When it plays out

Immediate

In the next 1-7 days, exporter sentiment steadies and shipping and logistics shares may edge up on hopes of steadier cargo.

Medium term

Over 1-6 months, the benefit lasts only while the extension runs and West Asia disruption persists; if freight rates normalise, the effect fades.

Short term

Over 1-4 weeks, exporters file for relief and keep shipment schedules, showing up as steadier port and freight volumes.

Who it hits first

  • Smartworks Coworking Spaces, which runs shared offices for companies, will invest Rs 550-600 crore each year for three years to add 3 million sq ft yearly.
  • It aims for over 20 million sq ft as its contracted future rent — rent already booked — nears Rs 6,000 crore, confirming strong demand.
  • The build lifts Smartworks' growth story while giving listed coworking and office-service peers a small demand-comfort boost.

Who may gain

  • Smartworks holders gain confidence from the Rs 6,000 crore bookings backing the Rs 600 crore yearly build.
  • Coworking and office-service peers like AWFIS, WEWORK, LEAPIND, IBULLSLTD and QUESS get a small sentiment lift as strong demand is confirmed.

Along the supply chain

Downstream

Tenant companies that rent Smartworks desks, including banks and IT firms in the graph, get more choice as supply grows but see no earnings change from the landlord's capex.

Upstream

No listed supplier appears in the graph — builders, furniture makers and fit-out contractors who build the new 3 million sq ft yearly win work, but none is a named listed peer here.

Where demand moves

Business

Companies needing offices see more Smartworks supply coming, which keeps rents in check and confirms hiring-linked demand, but no new leases are signed yet.

Capital

Growth money tilts toward Smartworks on the Rs 6,000 crore visibility and drifts lightly to coworking peers, while tenant stocks like banks and IT see no flow.

How it spreads across sectors

Realty

Managed-office demand looks firm as Rs 6,000 crore of future rent backs new supply, supporting office landlords' mood without moving home sales.

Services

Flexible-office operators get a small confidence read-through, though more Smartworks supply means tighter rivalry for tenants over time.

A pattern seen before

Cascade chain

  • Smartworks Rs 600cr yearly capex → 3m sq ft office additions
  • New office supply → fit-out and furnishing work for contractors
  • Rs 6,000cr booked rent → comfort for office-service peers

Pattern name

Govt Capex Cascade

Patterns

  • Govt Capex Cascade

Sectors queried

  • Banking
  • Capital Goods
  • Cement
  • Infrastructure
  • Steel

When it plays out

Immediate

Smartworks edges up on the Rs 600 crore yearly plan and Rs 6,000 crore bookings; peers tick up lightly.

Medium term

Delivery decides — filled new centres lift Smartworks and confirm demand for rivals, while empty space pressures all operators.

Short term

Peers hold small gains if office leasing stays strong; any delay in Smartworks' 3 million sq ft adds caps cheer.

Who it hits first

  • Smartworks Coworking Spaces, which runs managed offices for mid-to-large firms, locked in new corporate leases worth Rs 305 crore of rent over five years.
  • That contracted rent lifts its occupancy (share of offices filled) and gives clearer revenue for the next five years.
  • The client tenants pay that rent, so their office costs rise while Smartworks collects.

Who may gain

  • Smartworks Coworking Spaces gains most through Rs 305 crore of locked future rent.
  • Close managed-office peers like Awfis Space Solutions, WeWork India and EFC India get a mild sympathy lift as the deals prove corporate demand is healthy.
  • Office landlords and fit-out vendors see slightly better prospects as filled managed offices need buildings and furnishings.

Along the supply chain

Downstream

Downstream are the corporate tenants, including Groww (stock brokerage), Kotak Mahindra Bank, Tech Mahindra, Persistent Systems and L&T Technology Services (technology firms) and Schaeffler (auto parts), who receive ready-to-use offices but pay the Rs 305 crore rent over five years.

Upstream

No supplier is named in the pack, so no direct upstream order flows; in practice Smartworks rents buildings from property owners and buys fit-out, furniture and cleaning work, who get mild follow-on demand as new space fills.

Where demand moves

Business

Corporate tenants give business to Smartworks: they sign multi-year managed-office deals, paying rent that becomes Smartworks revenue over five years, which in turn supports building owners and office-service vendors with steadier occupancy.

Capital

Investors may bid up Smartworks and, lightly, its listed flexible-office peers on stronger occupancy hopes, while putting no new money behind the tenant companies who simply bear higher rent.

How it spreads across sectors

Realty

Mildly positive as Rs 305 crore of office leases support occupancy hopes for office owners like DLF Limited and Prestige Estates Projects.

Services

Mildly positive for managed-office and facility peers as corporate demand looks firm, though only Smartworks gets the rent.

When it plays out

Immediate

In 1-7 days Smartworks shares react to the Rs 305 crore lease news and peers see light sympathy moves.

Medium term

In 1-6 months quarterly rent and occupancy confirm whether the five-year Rs 305 crore path holds.

Short term

In 1-4 weeks occupancy updates and lease-start details show how fast the rent begins.

Who it hits first

  • Labor-intensive sectors (textiles, construction, real estate) face cost rise; mass-consumption gains over time

Who may gain

  • TRENT, VBL, DMART, HEROMOTOCO (mass-consumption from wage formalization)

Along the supply chain

Downstream

Mass-market consumer goods see structural demand uplift

Upstream

Compliance/staffing service demand rises

Where demand moves

Business

Mass-market labor cost rises by 5-10% in some industries; compliance complexity helps staffing firms

Capital

Rotation to mass-consumption beneficiaries; defensive on labor-intensive heavy industry

How it spreads across sectors

Construction/Real Estate

Cost rise — negative

FMCG

Mass consumption boost — positive

IT Services

Marginal cost rise (already compliant)

Retail

Mass consumption boost — positive

Staffing

Compliance demand rises — mixed

Textiles

Cost rise — negative

Two-wheelers

Mass income rise — positive

When it plays out

Immediate

No salary change initially per article 288

Medium term

Structural mass-consumption uplift over 6-12 months

Short term

1-2 quarters for cost pass-through visibility

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

7 Aug 2026unspecified₹3
8 May 2026special₹3
6 Feb 2026interim₹5
8 Aug 2025unspecified₹6
15 Apr 2025demerger₹0
7 Feb 2025interim₹4
6 Sep 2024unspecified₹6
12 Feb 2024interim₹4

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
31 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL14,27,477₹337.93
31 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY14,27,477₹337.69
31 Jul 2026QE SECURITIES LLPSELL8,16,699₹335.98
31 Jul 2026QE SECURITIES LLPBUY7,80,712₹336.26
5 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL10,84,844₹241.87
5 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY10,84,844₹241.73
5 Jun 2026BLITZQUANT RESEARCH LLPBUY9,40,186₹243.21
5 Jun 2026BLITZQUANT RESEARCH LLPSELL9,40,186₹243.35
5 May 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY12,94,958₹229.83
5 May 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL12,94,958₹229.93

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
23 Sep 2026Quess Corp Limited Employees Welfare Trust · Designated PersonBUY9,0000.33
12 Sep 2026Quess Corp Limited Employees Welfare Trust · Designated PersonBUY50,0001.76
10 Sep 2026Quess Corp Limited Employees Welfare Trust · Designated PersonBUY11,0070.39
10 Sep 2026Quess Corp Limited Employees Welfare Trust · Designated PersonBUY5,3910.18
10 Sep 2026Quess Corp Limited Employees Welfare Trust · Designated PersonBUY1,0000.03

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.