Small Software Services

Quess Corp Ltd.

QUESS

₹312.1

1.51% (4.65)

Market Cap

₹4,549 Cr.

P/E

99.32

Quess Corp Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Quess Corp Ltd. Shareprice

Has the share price of Quess Corp grown faster than its competition?

Quess Corp has given lower returns compared to its competitors.
Quess Corp has grown at ~-50.32% over the last 1yrs while peers have grown at a median rate of -4.78%

Is Quess Corp stock expensive?

Quess Corp is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA.
Latest PE of Quess Corp is 99.32, while 3 year average PE is 64.93.
Also latest EV/EBITDA of Quess Corp is 6.67 while 3yr average is 14.98.

View FAQ's On Business

Growth Table

Quess Corp Ltd.
SIS
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-50.54	-16.56	-19.27	-20.51	-1.21	-6.94	-16.28	-12.92	-5.23	—
TTM EPS CAGR	-83.84	-55.26	-43.87	-5.78	—	-25.40	-24.38	-15.36	-8.61	—
Sales CAGR	9.20	6.22	12.24	15.61	11.99	14.64	17.75	20.64	21.18	—
PAT Margin (Abs Growth)	0.17	-0.36	0.79	5.40	-1.54	-3.55	-1.36	-0.90	-1.22	-0.43
PE CAGR	202	84.99	43.16	-15.04	—	24.24	10.98	2.63	3.79	—
CFO CAGR	13.51	-2.25	-9.56	10.03	21.30	30.20	33.96	—	48.77	42.49

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Quess Corp Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	1,314	2,992	4,963	5,083	5,412	4,910	5,541	6,112	6,255	2,812
Non Current Assets	531	1,612	2,430	2,870	2,703	2,450	2,474	2,678	2,779	916
Net Block	252	1,172	1,632	1,656	1,487	1,505	1,657	1,796	1,695	250
Capital Work in Progress	2.39	7.72	2.35	14.71	4.64	30.89	15.31	18.11	32.56	—
Intangible Assets Under Development	2.39	7.72	2.16	14.38	3.87	15.91	15.31	18.01	29.95	—
Long Term Investments	3.65	77.64	88.77	89.98	72.47	4.10	10.41	2.74	36.66	—
Current Assets	845	1,420	2,689	2,405	2,891	2,589	3,158	3,540	3,618	1,896
Inventory	1.83	7.09	8.49	22.08	28.38	29.03	27.48	28.16	7.13	—
Accounts Receivable	405	509	921	913	998	894	2,332	2,689	2,772	1,529
Short Term Investments	—	—	197	38.47	33.39	49.71	91.73	46.78	56.28	—
Cash & Bank Balances	109	463	837	585	759	565	512	566	545	267
Liabilities	1,314	2,992	4,963	5,083	5,412	4,910	5,541	6,112	6,255	2,812
Shareholders Funds	357	1,305	2,461	2,726	2,276	2,343	2,438	2,569	2,799	1,085
Share Capital	113	127	145	146	148	148	148	148	149	149
Reserves	239	717	2,308	2,568	2,115	2,170	2,250	2,352	2,554	936
Non Current Liabilities	143	589	620	601	775	821	541	585	618	315
Secured Loans	35.23	272	269	209	115	54.31	23.68	9.47	1.76	—
Unsecured Loans	0.25	2.09	—	—	—	—	—	—	—	—
Current Liabilities	815	1,097	1,881	1,753	2,284	1,652	2,431	2,797	2,670	1,411
Accounts Payable	67.37	77.76	148	173	163	121	115	125	118	58.63
Short Term Loans	339	470	698	541	883	397	547	509	358	12.06

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Quess Corp Ltd.
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	3,435	4,315	6,167	8,527	10,991	10,837	13,692	17,158	19,100	19,358
Operating Expenses	3,284	4,076	5,812	8,059	10,331	10,376	13,066	16,570	18,403	18,714
Raw Material	48.14	71.38	142	262	267	201	279	479	477	147
Material Cost (%)	1.40	1.65	2.31	3.08	2.43	1.85	2.04	2.79	2.50	0.76
Employee Cost	3,007	3,634	5,079	6,713	9,063	9,297	11,687	14,660	16,557	17,367
Power & Fuel Cost	4.83	10.82	19.12	33.50	42.64	26.06	28.73	38.55	38.44	—
Operating Profit	151	239	355	468	660	461	626	589	698	644
Other Income	9.05	15.42	56.92	71.23	51.09	45.09	19.80	26.34	29.45	34.36
OPM (%)	4.41	5.53	5.76	5.48	6.01	4.25	4.57	3.43	3.65	3.33
Depreciation and Amortisation	14.39	33.30	74.74	123	249	229	212	275	283	218
Interest	31.44	48.76	76.51	117	169	114	81.73	110	121	87.58
Profit Before Tax	115	172	261	289	-384	185	358	284	295	210
Tax	33.52	50.44	-48.31	32.90	47.48	111	107	61.45	14.81	15.36
Net Profit	81.18	122	311	257	-445	57.88	241	224	278	195
Number of shares(Crs)	—	12.68	14.55	14.61	14.75	14.77	14.80	14.82	14.85	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	179	24.54	79.26	53.45	—

TTM Values as of Mar 2025

Cash Flow

Quess Corp Ltd.
SIS
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	-49.52	68.37	109	202	361	715	554	466	529	380
Profit Before Tax	115	172	261	289	-384	185	358	284	295	45.89
Adjustments	46.20	74.01	113	212	1,084	412	314	404	523	278
OCF Before Working Capital	161	246	374	501	699	597	672	689	818	324
Working Capital Changes	-162	-94.09	-186	-125	-193	-46.37	-31.16	-23.08	-145	-72.77
Taxes Paid	-48.22	-83.87	-79.75	-175	-145	165	-86.84	-199	-144	129
Cash from Investing Activity	-9.64	-574	-797	180	-174	-106	-188	-2.28	49.49	2.20
Net Fixed Assets Purchased	-22.55	-38.27	-84.83	-95.72	-56.88	-61.35	-83.32	-98.68	-98.73	-1.48
Fixed Assets Purchased	-22.55	-38.27	-84.83	-95.72	-56.88	-65.03	-84.67	-104	-103	-1.70
Fixed Assets Sold	—	—	—	—	—	3.68	1.35	5.33	4.57	0.22
Investment Purchased	—	-154	-883	-11.74	—	-58.06	-117	-51.43	-87.41	—
Investment Sold	1.50	—	573	349	113	4.41	31.21	75.83	153	—
Interest Recieved	0.63	8.79	14.94	14.79	9.52	4.34	7.06	6.64	13.50	4.74
Dividends Recieved	—	1.66	0.28	—	—	—	—	—	—	—
Subsidiary Investments	11.44	-384	-275	-30.29	-187	13.78	5.08	64.72	67.06	—
Cash from Financing Activity	85.85	707	948	-445	13.46	-834	-441	-443	-497	-318
Proceeds From Shares	2.56	401	875	0.60	48.34	0.17	0.31	0.24	0.28	—
Net Long Term Borrowings	0.09	0.77	-11.43	4.10	-271	-0.83	-30.82	-18.75	-10.65	0.00
Proceeds From Borrowings	0.25	0.77	3.64	4.12	0.02	—	0.34	0.93	1.70	—
Repayment From Borrowings	-0.16	—	-15.07	-0.02	-271	-0.83	-31.16	-19.68	-12.34	—
Interest Paid	-30.40	-44.33	-66.53	-86.48	-116	-73.73	-55.34	-64.00	-62.08	-13.37
Dividend Paid	—	—	—	—	—	—	-162	-177	-59.12	-149
Net Cash Flow	26.68	201	259	-63.48	201	-225	-75.77	20.77	82.26	64.53
Opening Cash & Cash Equivalents	76.03	103	304	566	505	709	486	410	438	520
Effect of FX	0.08	-0.48	3.15	2.14	3.37	1.13	0.52	6.34	0.29	0.94
Closing Cash & Cash Equivalents	103	304	566	505	709	486	410	438	520	249
Net Capex (est)	22.55	38.27	84.83	95.72	56.88	61.35	83.32	98.68	98.73	1.48
Free Cash Flow (est)	-72.08	30.10	23.83	106	304	654	471	368	431	379

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Quess Corp Ltd.
SIS
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.17	1.04	1.29	1.43	1.36	1.25	1.55	1.29	1.26	1.35
Liquid Assets (Crs)	538	847	1,413	2,681	2,383	2,863	2,560	3,131	3,512	3,611
Current Liabilities (Crs)	458	815	1,097	1,881	1,753	2,284	1,652	2,431	2,797	2,670
Current Ratio	1.16	1.04	1.29	1.43	1.37	1.27	1.57	1.30	1.27	1.36
Current Assets (Crs)	531	845	1,420	2,689	2,405	2,891	2,589	3,158	3,540	3,618
Current Liabilities (Crs)	458	815	1,097	1,881	1,753	2,284	1,652	2,431	2,797	2,670
Interest Coverage Ratio	5.63	4.65	4.53	4.42	3.47	-1.27	2.62	5.37	3.59	3.43
EBIT (Crs)	127	146	221	338	416	463	277	434	340	444
Interest Expenses (Crs)	22.63	31.44	48.76	76.51	117	169	114	81.73	110	121
Fixed Asset Turnover	15.03	11.22	3.40	3.34	4.22	4.82	4.34	4.91	6.39	6.85
Net Sales (Crs)	2,567	3,435	4,315	6,167	8,527	10,991	10,837	13,692	17,158	19,100
Fixed Assets (Crs)	171	306	1,269	1,844	2,021	2,279	2,494	2,787	2,683	2,788
Cash Conversion Cycle	-135	-378	-332	-247	-183	-197	-226	-111	-37.48	-40.23
Inventory Days	0.07	0.13	0.38	0.46	0.65	0.84	0.97	0.75	0.59	0.34
Days Receivable	26.98	35.07	38.69	42.32	39.25	31.74	31.87	43.01	53.40	52.18
Days Payable	162	414	371	290	223	230	259	155	91.47	92.74
Debt to Equity Ratio	0.89	1.09	0.60	0.41	0.29	0.50	0.22	0.24	0.21	0.13
Total Debt (Crs)	224	389	779	1,009	800	1,148	516	588	531	370
Shareholders Equity (Crs)	251	357	1,305	2,461	2,726	2,276	2,343	2,438	2,569	2,799
Free Cash Flow/Sales (%)	-0.00	-2.10	0.70	0.39	1.24	2.77	6.04	3.44	2.14	2.25
Free Cash Flow(est) (Crs)	-0.06	-72.08	30.10	23.83	106	304	654	471	368	431
Net Sales (Crs)	2,567	3,435	4,315	6,167	8,527	10,991	10,837	13,692	17,158	19,100
Profitability Ratios
Gross Margin (%)	97.96	98.60	98.35	97.69	96.92	97.57	98.15	97.96	97.21	97.50
Op Profit Margin (%)	5.07	4.41	5.53	5.76	5.48	6.01	4.25	4.57	3.43	3.65
Operating Profit (Crs)	138	161	254	412	539	711	506	646	615	727
Net Sales (Crs)	2,567	3,435	4,315	6,167	8,527	10,991	10,837	13,692	17,158	19,100
Net Profit Margin (%)	2.68	2.36	2.82	5.04	3.01	-4.05	0.53	1.76	1.31	1.45
Net Profit (Crs)	68.89	81.18	122	311	257	-445	57.88	241	224	278
Net Sales (Crs)	2,567	3,435	4,315	6,167	8,527	10,991	10,837	13,692	17,158	19,100
ROCE (%)	49.58	29.26	11.66	10.95	12.48	14.80	8.51	13.95	10.27	12.38
EBIT (Crs)	127	146	221	338	416	463	277	434	340	444
Capital Employed (Crs)	257	500	1,895	3,083	3,330	3,127	3,258	3,110	3,316	3,585
Return on Assets (%)	9.64	6.18	4.07	6.27	5.05	-8.22	1.18	4.35	3.67	4.44
Net Profit (Crs)	68.89	81.18	122	311	257	-445	57.88	241	224	278
Total Assets (Crs)	715	1,314	2,992	4,963	5,083	5,412	4,910	5,541	6,112	6,255
ROIC (%)	64.82	53.43	13.94	20.03	16.75	32.92	4.69	14.74	11.81	17.67
Op Profit after Taxes (Crs)	78.88	97.02	145	333	305	463	92.69	291	246	394
Invested Capital (Crs)	122	182	1,043	1,660	1,822	1,405	1,976	1,972	2,085	2,228
ROE (%)	27.48	22.76	9.34	12.64	9.42	-19.54	2.47	9.90	8.74	9.93
Net Profit Margin (%)	2.68	2.36	2.82	5.04	3.01	-4.05	0.53	1.76	1.31	1.45
Asset Turnover ratio	3.59	2.61	1.44	1.24	1.68	2.03	2.21	2.47	2.81	3.05
Equity Multiplier	2.85	3.68	2.29	2.02	1.86	2.38	2.10	2.27	2.38	2.23
Adjusted EPS	6.68	7.16	9.61	21.38	17.57	-30.15	3.92	16.30	15.14	18.71
Valuation Ratios
P/E	0.00	0.00	71.58	48.13	42.59	0.00	178	40.38	24.43	27.87
Price to Book	0.00	0.00	10.34	6.10	4.03	1.38	4.45	4.06	2.19	2.86
EV/EBITDA	1.22	2.45	35.56	36.71	20.69	4.93	20.31	15.20	8.85	10.41
Dividend Yield (%)	—	—	0.00	0.00	0.00	0.00	1.00	0.61	3.25	1.92

Quarterly Results

Quess Corp Ltd.
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	4,466	4,440	4,600	4,748	4,842	3,537	5,003	5,179	5,519	3,656
Operating Expenses	4,320	4,288	4,446	4,580	4,656	3,477	4,819	4,984	5,322	3,589
Increase/Decrease in Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Raw Material	140	113	112	139	118	62.06	46.17	50.29	50.92	0.08
Employee Cost	3,809	3,797	3,995	4,073	4,206	3,257	4,444	4,577	4,892	3,454
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	145	152	154	168	186	59.84	184	196	197	67.36
Other Income	6.68	3.64	4.07	15.13	5.22	0.13	10.15	4.38	8.89	10.94
Interest	28.96	30.90	27.24	32.96	40.23	8.15	23.52	28.41	26.60	9.05
PBDT	177	125	131	149	131	49.29	188	172	157	-88.74
Depreciation and Amortization	69.54	76.49	68.57	69.66	71.82	15.09	68.98	69.72	68.88	10.17
Profit Before Tax	107	48.22	62.14	79.32	59.17	34.20	119	102	88.58	-98.91
Tax	21.88	18.30	14.03	8.33	-4.52	-5.36	6.88	8.50	3.44	-3.46
Profit After Tax	85.29	29.92	48.11	70.99	63.68	39.55	112	93.62	85.14	-95.45
Exceptional Items	53.50	0.00	0.00	-1.59	-19.87	-2.52	17.13	0.31	-22.11	-158
Net Profit	87.79	33.12	47.81	71.93	63.88	94.38	104	92.39	80.49	-95.49
Quarterly Ratios
EPS	5.92	2.23	3.22	4.85	4.30	6.35	6.99	6.22	5.41	-6.41
Operating Profit Margin	3.26	3.42	3.35	3.55	3.84	1.69	3.67	3.78	3.57	1.84
Net Profit Margin	1.91	0.67	1.05	1.50	1.32	2.77	2.23	1.81	1.54	-2.61

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

81.00%

Implied Growth Rate over a 5 year period*

30.20%

Implied Growth Rate over a 10 year period*

14.30%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Quess Corp Ltd. Financials

How strong is Quess Corp balance sheet?

Balance sheet of Quess Corp is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Quess Corp increasing or decreasing?

Yes, The net debt of Quess Corp is increasing.
Latest net debt of Quess Corp is -₹254.88 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹720.5 Crs.

Is the profitablity of Quess Corp improving?

The profit is oscillating.
The profit of Quess Corp is ₹195 Crs for TTM, ₹278 Crs for Mar 2024 and ₹224 Crs for Mar 2023.

Does Quess Corp pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Quess Corp latest dividend payout ratio is 53.45% and 3yr average dividend payout ratio is 52.42%

How has Quess Corp allocated its funds?

Companies resources are majorly tied in miscellaneous assets

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Quess Corp Ltd.

Quess Corp Ltd.

Has the share price of Quess Corp grown faster than its competition?

Is Quess Corp stock expensive?

How strong is Quess Corp balance sheet?

Is the debt of Quess Corp increasing or decreasing?

Is the profitablity of Quess Corp improving?

Does Quess Corp pay decent dividends?

How has Quess Corp allocated its funds?

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