Quess Corp Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,848 Cr
- P/E
- 18.76
- ROE
- 21.33%
- PEG
- 2.10
- Price to sales
- 0.30
- Debt to equity
- 0.11
- 52W high / low
- ₹382 / ₹170
- Sales growth (5Y)
- 7.15%
- EBITDA margin
- 2.07%
- Net profit margin
- 1.57%
- Promoter holding
- 56.81%
- Sales (last year)
- ₹15,835 Cr
Quess Corp Limited (Quess) is India’s leading business services provider, leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions.[1]
Guidance scorecard · Q1 FY27 call
What Quess Corp Ltd's management guided
and where it ranks in Commercial Services & Supplies
RevenueQ1 FY27 call
10–20%- General Staffing expects strong Q2 growth due to 86 new accounts signed and a healthy festive season pipeline; currently sitting on 37,000 open requisitions.
- Headcount growth target in General Staffing is 10-11% annually, aiming for 40,000 to 50,000 additional associates per year.
- Professional Staffing aims to scale to a Rs 30 crore quarterly EBITDA, maintaining double-digit margins with continuing GCC-led growth.
- Overseas business targets a 6.5% to 7% EBITDA margin with continued double-digit revenue and EBITDA growth across diversified geographies like Singapore, Middle East, Malaysia, and Philippines.
2 more points from Quess Corp Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Quess Corp Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- Quess Corp is focusing on a capital-light, partner-led model across five international corridors (Japan, Israel, Europe-Nordics, North America) rather than heavy capital expenditure or setting up new staffing companies overseas.
- Recent strategic investment includes partnerships, such as the one announced in June for the Japanese corridor, enabling market entry without significant capex.
- The company is continuing to invest significantly in digital platforms and AI-driven recruitment solutions to build a blue-collar jobs market and enhance workforce solutions.
2 more points from Quess Corp Ltd's call on capex
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FundraisingQ1 FY27 call
See what Quess Corp Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- General Staffing segment currently has over 37,000 open mandates at quarter-end (Q1 FY27).
- The sales pipeline for General Staffing is described as strong and healthy as the company moves into Q2 FY27.
- Professional Staffing segment has an open-mandate pipeline of over 1,100 roles.
- The company added 86 new accounts/contracts in General Staffing during Q1 FY27, expected to build volumes in Q2.
2 more points from Quess Corp Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,470 Cr | 162.7 | |
| 2 | 40%+ | Up 2%+ | ₹41 Cr | 6.6 | |
| 3 | 40%+ | Flat | ₹556 Cr | 40.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,473 Cr | 40.9 | |
| 6 | 20–40% | Up 0–2% | ₹872 Cr | 13.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of Quess Corp Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Quess Corp Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,440 | 4,600 | 4,748 | 4,842 | 3,537 | 3,587 | 3,705 | 4,019 | 3,656 | 3,651 | 3,832 | 3,930 | 3,892 |
| Expenses + | 4,288 | 4,446 | 4,585 | 4,656 | 3,477 | 3,524 | 3,636 | 3,957 | 3,589 | 3,582 | 3,755 | 3,850 | 3,806 |
| Operating Profit | 152 | 154 | 164 | 186 | 60 | 63 | 69 | 62 | 67 | 70 | 77 | 80 | 86 |
| OPM % | 3% | 3% | 3% | 4% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% |
| Other Income + | 4 | 4 | 14 | -15 | 56 | 6 | 1 | -1 | -147 | 3 | 4 | -5 | 7 |
| Interest | 31 | 27 | 28 | 40 | 8 | 11 | 10 | 9 | 9 | 10 | 13 | 13 | 14 |
| Depreciation | 76 | 69 | 70 | 72 | 15 | 11 | 10 | 10 | 10 | 10 | 10 | 11 | 11 |
| Profit before tax | 48 | 62 | 79 | 59 | 92 | 48 | 50 | 42 | -99 | 52 | 57 | 51 | 69 |
| Tax % | 38% | 23% | 11% | -8% | -6% | -1% | -1% | 1% | -4% | 2% | 10% | -8% | 7% |
| Net Profit + | 30 | 48 | 71 | 64 | 98 | 49 | 51 | 42 | -95 | 51 | 52 | 55 | 64 |
| EPS in Rs | 2.23 | 3.23 | 4.83 | 4.30 | 6.36 | 3.30 | 3.40 | 2.80 | -6.41 | 3.42 | 3.46 | 3.68 | 4.30 |
Financials of Quess Corp Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,567 | 3,435 | 4,315 | 6,167 | 8,527 | 10,991 | 10,837 | 13,692 | 17,158 | 19,100 | 14,967 | 15,305 |
| Expenses + | 2,436 | 3,284 | 4,075 | 5,805 | 8,068 | 10,341 | 10,387 | 13,067 | 16,570 | 18,400 | 14,704 | 14,993 |
| Operating Profit | 131 | 151 | 240 | 362 | 459 | 650 | 449 | 624 | 589 | 700 | 263 | 312 |
| OPM % | 5% | 4% | 6% | 6% | 5% | 6% | 4% | 5% | 3% | 4% | 2% | 2% |
| Other Income + | 6 | 9 | 15 | 50 | 71 | -617 | 78 | 27 | 80 | 0 | -141 | 8 |
| Interest | 23 | 31 | 49 | 77 | 117 | 169 | 114 | 82 | 110 | 121 | 39 | 49 |
| Depreciation | 10 | 14 | 33 | 75 | 123 | 249 | 229 | 212 | 275 | 283 | 41 | 42 |
| Profit before tax | 104 | 115 | 172 | 261 | 289 | -384 | 185 | 358 | 284 | 295 | 42 | 230 |
| Tax % | 36% | 29% | 29% | -18% | 11% | 12% | 60% | 30% | 22% | 5% | -10% | 3% |
| Net Profit + | 67 | 81 | 122 | 310 | 257 | -432 | 74 | 251 | 223 | 280 | 46 | 222 |
| EPS in Rs | 26.05 | 7.17 | 9.61 | 21.37 | 17.57 | -30.15 | 3.92 | 16.30 | 15.14 | 18.71 | 3.08 | 14.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 179% | 25% | 53% | 53% | 325% | 74% |
Financials of Quess Corp Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 113 | 127 | 145 | 146 | 148 | 148 | 148 | 148 | 149 | 149 | 149 |
| Reserves | 226 | 243 | 1,178 | 2,315 | 2,580 | 2,128 | 2,195 | 2,290 | 2,421 | 2,650 | 936 | 1,017 |
| Borrowings + | 224 | 393 | 779 | 1,166 | 831 | 1,473 | 791 | 915 | 1,011 | 838 | 113 | 124 |
| Other Liabilities + | 244 | 500 | 780 | 1,271 | 1,455 | 1,570 | 1,586 | 2,093 | 2,539 | 2,618 | 1,614 | 1,748 |
| Total Liabilities | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,720 | 5,445 | 6,119 | 6,255 | 2,812 | 3,039 |
| Fixed Assets + | 129 | 252 | 1,172 | 1,632 | 1,656 | 1,487 | 1,505 | 1,657 | 1,796 | 1,695 | 341 | 388 |
| CWIP | 0 | 2 | 8 | 2 | 15 | 5 | 31 | 15 | 18 | 33 | 0 | 0 |
| Investments | 0 | 4 | 78 | 286 | 128 | 106 | 54 | 102 | 50 | 93 | 0 | 51 |
| Other Assets + | 590 | 992 | 1,607 | 2,978 | 3,212 | 3,721 | 3,131 | 3,671 | 4,255 | 4,434 | 2,471 | 2,600 |
| Total Assets | 719 | 1,250 | 2,864 | 4,898 | 5,012 | 5,318 | 4,720 | 5,445 | 6,119 | 6,255 | 2,812 | 3,039 |
Financials of Quess Corp Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 38 | -50 | 68 | 109 | 202 | 361 | 715 | 554 | 466 | 529 | 380 | 230 |
| Cash from Investing Activity + | -69 | -10 | -574 | -794 | 182 | -170 | -105 | -188 | 4 | 50 | -333 | -73 |
| Cash from Financing Activity + | 80 | 86 | 707 | 948 | -445 | 13 | -834 | -441 | -443 | -496 | -318 | -237 |
| Net Cash Flow | 49 | 27 | 201 | 263 | -61 | 204 | -223 | -75 | 27 | 83 | -271 | -80 |
| Free Cash Flow | 24 | -72 | 30 | 24 | 106 | 304 | 654 | 471 | 368 | 431 | 379 | 221 |
| CFO/OP | 61% | -1% | 64% | 52% | 82% | 78% | 123% | 103% | 113% | 96% | 95% | 95% |
Financials of Quess Corp Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 43 | 43 | 54 | 39 | 33 | 61 | 62 | 57 | 53 | 37 | 19 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 39 | 43 | 43 | 54 | 39 | 33 | 61 | 62 | 57 | 53 | 37 | 19 |
| Working Capital Days | -1 | -8 | -12 | -13 | 1 | -6 | 11 | 3 | 3 | 7 | 5 | 8 |
| ROCE % | 35% | 24% | 16% | 12% | 11% | 12% | 8% | 13% | 9% | 12% | 10% | 23% |
Guidance history
How Quess Corp Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | None planned | — | Rising |
| Q4 FY26 call → | 0–10% | Up 0–2% | Planned | — | — |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 0–10% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
41 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +29.1% | 78% |
| Last 6 months | +64.2% | 92% |
| Last 3 months | +4.8% | 72% |
The price is 43.5% below its all-time high of ₹573.97 (15 Jun 2018). Stocks more than 20% below their peak have their score halved, so 82 became 41.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Quess Corp Ltd: 0.4 × 78 + 0.4 × 92 + 0.2 × 72 = 82, halved to 41 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Quess Corp Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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