Provides staffing and workforce solutions, placing associates on the payrolls of client companies in India and overseas. General Staffing — entry-level and blue-collar associates for Indian businesses — is the dominant segment at 86.1% of FY26 segment revenue, or INR 13,176 crore. Professional Staffing places higher-experience contract hires, primarily for Global Capability Centres (GCCs), and generated INR 930 crore at an EBIT margin well above the group average; GCCs account for 71% of headcount in this segment. The Overseas business spans the Middle East, Malaysia, the Philippines and Singapore and brought in INR 1,197 crore at a higher EBIT margin than the group, with the Middle East alone at 11% EBITDA. Digital Platforms is an early-stage venture with INR 2 crore of revenue and an operating loss. Total associate headcount stood at 4,78,594 at FY26-end, with 281 new General Staffing contracts, 61 new Professional Staffing clients and 125 new Overseas logos added during the year. Employee cost is the overwhelming expense at 94.7% of revenue, leaving blended EBITDA margin at 2.1%. The business carries zero gross debt and held net cash of INR 271 crore at FY26-end. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. General Staffing (86%), Overseas business (8%), Professional Staffing (6%), Digital Platforms (0%). Asset-light, high-volume, low-margin staffing services; revenue scales with associate headcount and billing rates
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 13,692 | 17,158 | 19,100 | 14,967 | 15,305 |
| EBITDA (ex other income) | 631 | 639 | 666 | 98 | 304 |
| margin % | 4.6 | 3.7 | 3.5 | 0.7 | 2.0 |
| Owners' profit | 241 | 224 | 278 | 46 | 222 |
| EPS, as reported (₹) | 16.32 | 15.16 | 18.72 | 3.08 | 14.87 |
| ROE % · ROCE % | 9.8 · 14.3 | 8.2 · 11.7 | 9.5 · 11.4 | 4.2 · 5.7 | 19.0 · 17.5 |
| Debt / equity (x) | 0.23 | 0.19 | 0.12 | 0.01 | 0.00 |
| Cash from operations | 554 | 466 | 529 | 380 | 230 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,179 | 5,519 | 3,656 | 3,651 | 3,832 | 3,930 | 3,892 | 4,182 |
| Profit before tax | 102 | 89 | (99) | 52 | 57 | 51 | 69 | 86 |
| Net profit | 94 | 85 | (95) | 51 | 52 | 55 | 64 | 82 |
| EPS (₹) | 6.15 | 5.42 | (6.42) | 3.42 | 3.46 | 3.69 | 4.30 | 5.50 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) General Staffing | 3,328 | 21.7 |
| b) Professional staffing | 232 | 1.5 |
| c) Overseas business | 332 | 2.2 |
| d) Digital Platforms | 1 | 0.0 |
| General Staffing | 9,848 | 64.3 |
| Professional staffing | 698 | 4.6 |
| Overseas business | 865 | 5.7 |
| Digital Platforms | 2 | 0.0 |
| Total, before eliminations | 15,305 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Quess Corp pays Final Dividend of Rs 3 per share for FY26 | corporate actions | high | — | — |
| 3 Sept 2026 · Quess allots 26,069 shares under employee stock plan | capital market events | low | — | — |
| 1 Sept 2026 · Quess Corp 19th AGM: Rs 11 dividend, zero debt, Quess 2.0 targets outlined | investor communications | medium | — | — |
| 27 Aug 2026 · Quess Corp replies to BSE volume movement query | regulatory legal | medium | — | — |
| 27 Aug 2026 · Exchange seeks clarification from Quess Corp on volume movement | regulatory legal | medium | — | — |
| 26 Aug 2026 · Chairman outlines margin roadmap and growth strategy at 19th AGM | investor communications | medium | — | — |
| 26 Aug 2026 · Quess Corp: Founder re-appointed, Fairfax representative joins board at AGM | management changes | medium | — | — |
| 26 Aug 2026 · Quess Corp: Founder Ajit Isaac re-appointed, Fairfax's Anish Thurthi joins board | management changes | medium | — | — |
| 26 Aug 2026 · Quess Corp 19th AGM: All 5 resolutions passed, Rs 11/share total dividend approved | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Quess Corp 19th AGM held via VC; ₹11 total dividend approved for FY26 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| INTL GEMOLOGICAL INST LTD | 13,611 | 22.3 | 9.15 | 13.1 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 9,297 | 106.7 | 31.07 | 5.9 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,728 | 18.6 | 2.58 | 13.1 | 13.8 | 14.8 | 26.2 | 68.9 |
| INOX GREEN ENERGY SER LTD | 7,175 | 57.5 | 4.18 | 42.6 | 6.0 | 9.0 | — | 131.6 |
| SMARTWORKS COWORKING SP L | 6,079 | 218.0 | 11.45 | 5.1 | 2.0 | 0.3 | — | 65.8 |
| NIRLON LTD | 5,526 | 16.0 | 11.79 | — | 73.8 | 18.1 | — | 79.4 |
| QUESS CORP LIMITED ◆ | 5,174 | 20.4 | 4.43 | 15.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INDIQUBE SPACES LIMITED | 4,272 | — | 8.30 | — | (20.7) | (2.5) | — | 67.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.4 | 14.3 | 55 of 89 | 39% |
| P/B | 4.4 | 1.5 | 71 of 92 | 22% |
| ROCE | 14.4 | 3.2 | 20 of 105 | 82% |
| ROE | 19.0 | 3.1 | 14 of 116 | 89% |
| Debt / Equity | 0.0 | 0.0 | 3 of 116 | 60% |
| EBITDA margin | 2.6 | 25.4 | 72 of 92 | 22% |
| Revenue growth | 14.5 | 16.2 | 47 of 91 | 49% |
| Profit growth | 61.1 | 5.2 | 38 of 110 | 66% |
| Market cap | 5174 | 56 | 7 of 104 | 94% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
