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Quess Corp Limited (QUESS) Fair Value & Analysis

Industrials · IN · Market cap ₹42.4B

QC Quess Corp Limited QUESS · NSE
Price₹343.90
Fair Value₹277.46
Upside-19.3%
Quality61/100
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Healthy Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
2.93% dividend yield
Mixed vs. peers (7/14)
Narrow moat 35/100
Evidence: High Range ₹203.88 – ₹345.44 Share as image

Fair value as of: Aug 16, 2026

From 26 valuation models · updated 2 days ago

Share price +18.2% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ₹203.88 (bear) to ₹345.44 (bull), base ₹277.46. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹873.52 ₹167.48 Fair Value ₹277.46 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range ₹167.48 – ₹873.52 · fair‑value band ₹203.88 – ₹345.44 · the ₹343.90 price screens above the ₹277.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 16, 2026.

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Analysis

Quess Corp Limited (QUESS) currently trades at ₹343.90, while our model-based Fair Value estimate is ₹277.46, implying the stock looks roughly 19.3% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Quess Corp Limited generated revenue of ₹153B at a net margin of 1.5%. Revenue declined 28.8% year over year. It earns a return on equity of 19.7%. The balance sheet holds a net cash position of ₹824M. Fundamentals as of Aug 16, 2026

Our scenario range runs from ₹203.88 (bear case) to ₹345.44 (bull case); at ₹343.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 110% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 21% fair-value upside, at -19%, QUESS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹218.85 ₹409.12 ₹778.56 80
Residual Income ₹94.33 ₹115.33 ₹285.02 76
Rev-Margin DCF ₹199.82 ₹385.00 ₹665.38 74
All 26 models by family
DCF Models
FCF DCF ₹229.77 ₹369.35 ₹781.96 38
Owner Earnings ₹281.65 ₹623.26 ₹1,340 31
5Y Revenue Exit ₹199.82 ₹356.49 ₹665.35 39
5Y EBITDA Exit ₹219.32 ₹398.20 ₹728.66 41
5Y P/E Exit ₹240.56 ₹494.32 ₹824.54 38
10Y Revenue Exit ₹201.41 ₹405.62 ₹626.83 36
10Y EBITDA Exit ₹222.11 ₹443.41 ₹851.92 37
10Y P/E Exit ₹237.16 ₹484.56 ₹917.56 35
Earnings-Based
Graham-Dodd ₹100.90 ₹703.66 ₹987.48 54
Lynch FV ₹218.12 ₹311.60 ₹405.08 50
PEG = 1.0 ₹218.12 ₹311.60 ₹405.08 46
EPV ₹169.14 ₹195.02 ₹217.67 59
Dividend Discount
Gordon GGM ₹100.58 ₹209.13 ₹331.76 70
DDM Multi-Stage ₹100.58 ₹176.34 ₹219.48 61
Multiples
P/E Multiple ₹233.70 ₹311.60 ₹389.50 63
P/S Multiple ₹189.19 ₹252.25 ₹315.31 58
P/B Multiple ₹189.19 ₹252.25 ₹315.31 55
EV/EBIT ₹244.85 ₹321.85 ₹398.84 53
EV/EBITDA ₹217.81 ₹285.79 ₹353.78 54
EV/Revenue ₹178.72 ₹249.38 ₹320.03 43
Asset-Based
NCAV (Graham) ₹39.05 ₹52.33 ₹78.10 50
Growth DCF
Growth DCF ₹218.85 ₹409.12 ₹778.56 80
Rev-Margin DCF ₹199.82 ₹385.00 ₹665.38 74
Economic Profit
Residual Income ₹94.33 ₹115.33 ₹285.02 76
ROIC Compounder ₹208.69 ₹297.93 ₹422.98 72
Growth Earnings
Growth-Adj P/E ₹294.03 ₹420.04 ₹546.05 68

Widest divergence: Growth Earnings (₹420.04) versus Asset-Based (₹52.33). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹153B
Revenue growth (YoY) -28.8%
Net margin 1.5%
Return on equity 19.7%
Free cash flow ₹2.0B FY2026
P/E ratio 23.2
More key figures
Operating margin 2.0%
EPS (TTM) ₹14.85
Dividend yield 2.9%
EPS growth (YoY) -31.6%
Net cash ₹824M FY2026

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 82

Profitability 51
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Quess Corp Limited provides staffing and workforce solutions in India and internationally. The company operates through four segments: General Staffing, Professional Staffing, Overseas Staffing, and Digital Platforms. It offers general staffing, including tailor-made solutions for diverse staffing requirements and expert recruitment solutions.

Full company description

Quess Corp Limited provides staffing and workforce solutions in India and internationally. The company operates through four segments: General Staffing, Professional Staffing, Overseas Staffing, and Digital Platforms. It offers general staffing, including tailor-made solutions for diverse staffing requirements and expert recruitment solutions. The company also provides professional staffing, such as digital workplace solutions, cloud and datacenter services, and managed network services; staff augmentation services, such as contract hiring services; hire, train, and deploy (HTD) programs; interview as a service (IAAS); workforce optimization; international skill mobility and turnkey workforce solutions; and global capability centre services across areas, such as cloud, cybersecurity, and enterprise platforms, as well as operates offshore development centers for flexible staffing and optimizes IT workforce management through its managed capacity services. In addition, it offers digital platforms, including Hamara Academy, an upskilling platform; Hamara Jobs, a proprietary blue-collar auto-hiring technology platform; Hamara HR, a workforce management tool; Hamara Benefits, an employee benefit and financial wellness platform; and Taskmo, a gig discovery platform that enables enterprises scale business operations through digital hiring solutions, as well as digital and hyperlocal solutions for financial products, e-commerce, q-commerce, food tech, grocery, mobility, rental, pharmacy, retail, and other industries through its network of gig workers. Further, it provides overseas staffing solution that connects businesses with skilled talent enabling workforce deployment across industries through regional expertise and cross-border mobility. The company was formerly known as Ikya Human Capital Solutions Limited and changed its name to Quess Corp Limited in January 2015. Quess Corp Limited was incorporated in 2007 and is headquartered in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Quess Corp Limited reported revenue of ₹153B in FY2026 versus ₹137B in FY2022, a compound +2.8%/yr. Reported net income was ₹2.2B in FY2026, compounding −2.1%/yr from FY2022.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹153B
Latest YoY
+2.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.7%
Revenue +2.8%/yr
FY22 ₹137B
FY23 ₹172B
FY24 ₹137B
FY25 ₹150B
FY26 ₹153B
Net income −2.1%/yr
FY22 ₹2.4B
FY23 ₹2.2B
FY24 ₹2.8B
FY25 ₹458M
FY26 ₹2.2B
Character of growth · EPS growth decomposed (2015-2026) +6.0 % p.a.
Revenue per share +15.4 pp

of which total revenue +18.4 pp · buybacks/dilution −3.0 pp

EBIT margin −12.1 pp
Tax rate +3.9 pp
Residual (interest, one-offs) −1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

QUESS screens 19% overvalued. Compare with Adecco Group →

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Cite: Fair Value Calculator (2026). "Quess Corp Limited Fair Value". https://www.fairvalue-calculator.com/stock/QUESS

Peer Group

Staffing & Employment Services · 85 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside −19% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 1% · Above median
Operating margin (TTM) 2% · Above median
Revenue growth -29% · Bottom 25%
Dividend yield (TTM) 2.9% · Below median

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 23.2× · Pricier than 75% of peers
P/B 3.63× · Pricier than 75% of peers
P/S (TTM) 0.28× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 12.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 8 · sector 44
FUTURE 0 · sector 1
PAST 79 · sector 36
HEALTH 100 · sector 95
DIVIDEND 59 · sector 69

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).

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Grupa Pracuj S.A GPP 55.50 PLN 65.45 PLN +18%
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Maharah for Human Resources Company 1831 5.36 SAR 6.87 SAR +28%

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Frequently asked questions

Is Quess Corp Limited (QUESS) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ₹277.46 versus a price of ₹343.90, about −19% (overvalued).
What is the fair value of QUESS?
Our model-based fair value for Quess Corp Limited is ₹277.46 (as of Aug 16, 2026), built from audited fundamentals. The current price is ₹343.90.
What is the quality score of QUESS?
Quess Corp Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Quess Corp Limited (QUESS)?
Quess Corp Limited reported trailing-twelve-month revenue of about ₹153B (latest available figure, as of Aug 16, 2026).
What is the net profit margin of QUESS?
The net profit margin of Quess Corp Limited is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.
Does Quess Corp Limited pay a dividend?
Quess Corp Limited currently shows a dividend yield of about 2.93% relative to its recent price (as of Aug 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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