Quess Corp Limited (QUESS)

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Quess Corp Limited (QUESS) · mywealthgrid

About

Quess provides diversified commercial services—staffing, facility management—in Industrials sector. Market cap ₹5,046.73 Cr with recent quarterly revenue ₹3.5–4.2 Cr, positioned as thin-margin service provider at 2.04% OPM.

Face value: ₹10

Market cap

₹5,023 Cr

P/E

19.9×

P/B

4.3×

Dividend yield

5.1%

ROE

19.7%

ROCE

19.2%

Debt / equity

OPM

EPS (TTM)

₹16.9

Book value

₹78.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins extremely thin (1.66–2.22% range, avg 2.04%), leaving minimal cushion against wage inflation or pricing pressure.
EPS swings sharply Q-o-Q (₹1.82 to ₹5.5/share)—drivers of earnings volatility unclear; verify operational consistency vs accounting effects.
PE 19.98 vs ROE 19.69% offers no valuation cushion if capital returns fall.
Verify customer concentration, contract renewal rates, and pricing power in commercial services segment.

Generated analysis · source review pending

Growth drivers

Revenue base ₹3.5–4.2 Cr/quarter—growth depends on market share or sector volume; verify if pipelines reflect demand strength.
Zero debt (D/E 0) enables organic investment and M&A without refinancing friction.
ROE 19.69% sustained across quarters—if reinvestment maintains this return, earnings growth follows revenue growth.
Dividend payout (6 times in ~12 months) demonstrates cash generation to fund reinvestment.

Generated analysis · source review pending

2,522 historical price candles were omitted because the exchange source has not been verified.

₹336.2-1.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 30.8% over the last 5 years
+Almost debt-free (debt/equity 0)
+Dividend yield of 5.1%

Cons

−Low return on equity of 10.8% (3-yr avg)
−Thin operating margin of 2%
−Modest revenue growth of 7.1% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 48
Growth: 41
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
International Gemological Institute LimitedIGILIGIL	₹13,482 Cr	₹13,482 Cr	₹1,363 Cr	₹827 Cr	60.9%	₹610 Cr	44.5%	61.1%	49.1%	36
Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
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Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102
Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,435	4,157	6,167	8,527	10,991	10,837	13,692	17,158	19,100	14,967	15,305
COGS	—	—	142	262	267	201	279	479	477	0	0
Gross profit	—	—	6,025	8,265	10,724	10,636	13,413	16,679	18,623	—	—
	3,284	3,935	5,670	7,809	10,080	10,189	12,791	16,093	17,929	14,705	14,993
	151	223	355	456	644	447	622	586	693	262	312
OPM %	4.4%	5.4%	5.8%	5.4%	5.9%	4.1%	4.5%	3.4%	3.6%	1.8%	2%
Depreciation	14	26	75	123	249	229	212	275	283	41	42
Interest	31	47	75	114	167	111	79	107	117	39	49
	9	15	57	71	-613	78	27	80	2	-141	8
Profit before tax	115	165	261	289	-384	185	358	284	295	42	230
Tax	34	52	-48	33	47	111	107	61	15	-4	8
Tax %	29.2%	31.3%	-18.5%	11.4%	12.4%	60.1%	29.8%	21.6%	5%	-9.8%	3.3%
	81	113	310	257	-432	74	251	223	280	46	222
PAT margin %	2.4%	2.7%	5%	3%	-3.9%	0.7%	1.8%	1.3%	1.5%	0.3%	1.5%
EPS (₹)	—	—	22.1	17.6	-30.3	3.9	16.3	15.2	18.7	3.1	14.9
EPS adjusted (₹)	31.5	10	—	—	-30.2	3.9	16.3	15.1	18.7	3.1	14.8
	—	—	0%	0%	—	0%	67.4%	79.2%	53.4%	324.7%	74%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	26	113	148	148	148	148	149	149	149
Reserves	243	243	—	2,195	2,290	2,421	2,650	936	1,017
Minority interest	0	—	—	94	131	162	166	1	2
	—	—	—	516	588	531	370	12	0
	467	893	—	1,767	2,288	2,857	2,921	1,714	1,871
Total equity & liabilities	736	1,250	—	4,720	5,445	6,119	6,255	2,812	3,039
	128	252	651	1,505	1,657	1,796	1,695	341	387
CWIP	—	—	—	15	0	0	3	0	0
Investments	4	298	—	54	102	50	93	0	51
	605	700	—	3,147	3,686	4,273	4,464	2,471	2,601
Total assets	736	1,250	—	4,720	5,445	6,119	6,255	2,812	3,039

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
General Staffing	13,175.85	188.69	1,297.38	1,433.33	—	—
Overseas business	1,197.32	76.68

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96.9%	97.6%	98.1%	98%	97.2%	97.5%	—	—
EBITDA margin %	5.5%	6%	4.2%	4.6%	3.4%	3.6%	1.8%	2%
EBIT margin %	4%	3.7%	2.1%	3%	1.8%	2.1%	1.5%	1.8%
PAT margin %	3%	-3.9%	0.7%	1.8%	1.3%	1.5%	0.3%	1.5%
Working capital
Receivable days	—	—	30	34	32	29	37	19
Inventory days	—	—	53	36	21	5	0	0
Payable days	—	—	220	151	95	90	1	1
NWC days	—	—	-138	-81	-42	-55	36	19
Leverage
Current ratio	—	—	1.57	1.3	1.45	1.56	1.58	1.38
Debt to EBITDA	—	—	1.13	0.94	0.91	0.53	0.05	0
Debt to equity	—	—	0.22	0.24	0.21	0.13	0.01	0
Interest coverage	3.6	2.8	2.5	5.4	3.2	3.7	6.3	5.8
Asset turnover	—	—	2.3	2.51	2.8	3.05	5.32	5.04
Return ratios
Return on assets %	—	—	1.6%	4.6%	3.6%	4.5%	1.6%	7.3%
Return on capital employed %	—	—	9%	14.1%	10.5%	12.6%	9.7%	19.2%
Return on equity %	—	—	3.1%	10.3%	8.7%	10%	4.2%	19%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.67%	56.65%	56.64%	56.64%	56.59%	56.57%	56.99%	56.98%	56.92%	56.88%	56.83%	56.82%
	16.93%	16.3%	15.3%	15.93%	15.82%	15.23%	14.83%	14.58%	14.11%	9.15%	8.31%	8.58%
	10.2%	10.66%	10.78%	10.95%	10.97%	10.46%	9.78%	8.73%	9.78%	12.45%	12.41%	11.87%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.2%	16.39%	17.28%	16.48%	16.62%	17.74%	18.4%	19.71%	19.19%	21.52%	22.45%	21.74%
No. of shareholders	—	—	—	—	—	—	—	—	1,23,997	1,21,911	1,10,118	1,07,345

Promoter holding up 0.15 percentage points since Sep 2023.

42 deals · 9 Aug 2021 – 31 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
31 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	14,27,477	₹337.93	₹48.24 Cr
31 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	14,27,477	₹337.69	₹48.20 Cr
31 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Sell	8,16,699	₹335.98	₹27.44 Cr
31 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Buy	7,80,712	₹336.26	₹26.25 Cr
5 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	10,84,844	₹241.87	₹26.24 Cr
5 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	10,84,844	₹241.73	₹26.22 Cr
5 Jun 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Sell	9,40,186	₹243.35	₹22.88 Cr
5 Jun 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Buy	9,40,186	₹243.21	₹22.87 Cr
5 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	12,94,958	₹229.93	₹29.77 Cr
5 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	12,94,958	₹229.83	₹29.76 Cr

1–10 of 42

1 / 5

Mr. Ajit Abraham IsaacNon-Executive - Non Independent Director-Chairperson
Mr. Lohit BhatiaExecutive Director-CEO
Mr. Anish ThurthiNon-Executive - Non Independent Director
Mr. Gopalakrishnan SoundarajanNon-Executive - Non Independent Director
Mr. Kalpathi Ratna GirishNon-Executive - Independent Director
Ms. Sudha SureshNon-Executive - Independent Director
Mr. S DevarajanNon-Executive - Independent Director
Mr. Vivek MansinghNon-Executive - Independent Director
Mr. Neeraj JainChief Financial Officer
Mr. Kundan K LalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

8.4%

of the company's equity

All mutual funds

10.05%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

7 schemes · 5 fund houses

		Shares
SMALL CAP FUND	Tata Mutual Fund	92.15 L	351.78	2.69%	6.168%	-0
LARGE & MID CAP FUND	Tata Mutual Fund	23.79 L	90.8	1.18%	1.592%	-0
Small Cap FundNEW	Helios Mutual Fund	7.75 L	29.59	1.7%	0.519%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.66 L	6.35	0.25%	0.111%	-3,643
SMALL CAP FUNDNEW	Samco Mutual Fund	11,500	0.44	0.22%	0.008%	—
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	1,138	0.04	0.01%	0.001%	+5
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	190	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

11

Final dividend7 Aug 2026 · ex-date₹3
Special dividend8 May 2026 · ex-date₹3
Interim dividend6 Feb 2026 · ex-date₹5
Final dividend8 Aug 2025 · ex-date₹6
Interim dividend7 Feb 2025 · ex-date₹4
Final dividend6 Sept 2024 · ex-date₹6
Interim dividend12 Feb 2024 · ex-date₹4
Interim dividend17 Nov 2022 · ex-date₹8
Interim dividend9 Jun 2022 · ex-date₹4
Interim dividend22 Nov 2021 · ex-date₹4
Interim dividend11 May 2021 · ex-date₹7

1

Board meeting to consider results29 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

147 announcementsExport CSV

28 Sept 2026, 12:24 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 1:13 pmCompany Update

ESG Ratings By SES ESG Research Private Limited

General PDF

12 Sept 2026, 12:31 pmCompany Update

ESG Ratings By Crisil ESG Ratings & Analytics Ltd.

General PDF

8 Sept 2026, 3:39 pmCompany Update

Communication Regarding Remittance Of The Final Dividend For The Financial Year Ended March 31, 2026

General PDF

3 Sept 2026, 2:27 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

1 Sept 2026, 7:30 pmCompany Update

Transcript Of The 19Th AGM Of Quess Corp Limited

General PDF

27 Aug 2026, 1:28 pmCompany Update

Reply To The Clarification Sought On 'Volume Movement Letter'

General PDF

27 Aug 2026, 1:16 pmCompany Update

Clarification sought from Quess Corp Ltd

Clarification

Date	Category	Subject	Filing
28 Sept 2026, 12:24 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 1:13 pm	Company Update General	ESG Ratings By SES ESG Research Private Limited	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96.9%	97.6%	98.1%	98%	97.2%	97.5%	—	—
EBITDA margin %	5.5%	6%	4.2%	4.6%	3.4%	3.6%	1.8%	2%
EBIT margin %	4%	3.7%	2.1%	3%	1.8%	2.1%	1.5%	1.8%
PAT margin %	3%	-3.9%	0.7%	1.8%	1.3%	1.5%	0.3%	1.5%
Working capital
Receivable days	—	—	30	34	32	29	37	19
Inventory days	—	—	53	36	21	5	0	0
Payable days	—	—	220	151	95	90	1	1
NWC days	—	—	-138	-81	-42	-55	36	19
Leverage
Current ratio	—	—	1.57	1.3	1.45	1.56	1.58	1.38
Debt to EBITDA	—	—	1.13	0.94	0.91	0.53	0.05	0
Debt to equity	—	—	0.22	0.24	0.21	0.13	0.01	0
Interest coverage	3.6	2.8	2.5	5.4	3.2	3.7	6.3	5.8
Asset turnover	—	—	2.3	2.51	2.8	3.05	5.32	5.04
Return ratios
Return on assets %	—	—	1.6%	4.6%	3.6%	4.5%	1.6%	7.3%
Return on capital employed %	—	—	9%	14.1%	10.5%	12.6%	9.7%	19.2%
Return on equity %	—	—	3.1%	10.3%	8.7%	10%	4.2%	19%

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-50	74	715	554	466	529	380	230
	-10	-576	-106	-188	-2	50	2	-73
	86	701	-834	-442	-443	-497	-318	-237
Net cash flow	27	199	-225	-76	21	82	65	-80
Free cash flow	-72	36	654	554	466	529	380	230
CFO / Operating profit %	-32.8%	33%	156.2%	88.9%	79.6%	76.3%	145%	73.6%

Quess Corp Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

11

1

Announcements

11

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Digital Platforms · revenue

Quess Corp Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends11

Board meetings1

Announcements

Dividends11

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Digital Platforms · revenue

11

1

11

1