Quess Corp Ltd

NSE: QUESS BSE: 539978IT / Software

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]

₹200

52W: ₹166 — ₹379

PE 13.3 · Book ₹62.4 · +221% vs book

Market Cap₹2,984 Cr

Stock P/E13.3Price to Earnings

ROCE25.5%Return on Capital

ROE24%Return on Equity

Div. Yield5%Face Value ₹10

Strengths

+Stock is providing a good dividend yield of 5.01%.
+Company has been maintaining a healthy dividend payout of 84.7%
+Debtor days have improved from 39.4 to 17.3 days.

Weaknesses

−Tax rate seems low

Shareholding Pattern

Promoters56.83%

FIIs8.31%

DIIs12.4%

Public22.44%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	56.64%	56.6%▼0.0	56.56%▼0.0	56.99%▲0.4	56.98%▼0.0	56.92%▼0.1	56.87%▼0.1	56.83%▼0.0
FIIs	15.93%	15.81%▼0.1	15.24%▼0.6	14.82%▼0.4	14.58%▼0.2	14.11%▼0.5	9.15%▼5.0	8.31%▼0.8
DIIs	10.95%	10.96%▲0.0	10.45%▼0.5	9.77%▼0.7	8.74%▼1.0	9.77%▲1.0	12.45%▲2.7	12.4%▼0.0
Public	16.48%	16.62%▲0.1	17.73%▲1.1	18.41%▲0.7	19.7%▲1.3	19.18%▼0.5	21.51%▲2.3	22.44%▲0.9

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3,959	3,140	3,286	3,412	3,725	3,365	3,366	3,541	3,638	3,560
Expenses	3,834	3,096	3,242	3,351	3,676	3,313	3,311	3,481	3,578	3,494
Operating Profit	126	44	44	61	49	52	55	60	60	66
OPM %	3%	1%	1%	2%	1%	2%	2%	2%	2%	2%
Net Profit	101	104	51	109	41	-81	53	27	51	59
EPS ₹	6.83	7	3.41	7.37	2.77	-5.46	3.54	1.82	3.39	3.94

AI Insights

Revenue Trend

Mar 2026 revenue at ₹14,105Cr, up 2.3% YoY. OPM at 2%.

Debt Position

Borrowings at ₹115Cr. Debt-to-equity ratio: 0.15x. Healthy balance sheet.

Institutional Flow

DIIs: 12.4% (+5.07pp change). FIIs: 8.31% (-8.73pp change). Promoters hold 56.83%.

Margin & Efficiency

ROCE declining from 39% (Mar 2015) to 26% (Mar 2026). Working capital days: 7.

Valuation

PE 13.3x with 25.5% ROCE. Price is 221% above book value of ₹62.4. Dividend yield: 5%.