# Quess Corp share price today (Quess Corp Ltd, NSE: QUESS)

> Quess Corp share price today: ₹318.75 at the NSE close on 3 November 2026, up 33.0% in a year. Quess Corp (NSE: QUESS) is worth ₹4,761 crore, trades at a P/E of 16.9 and has closed between ₹174.03 and ₹372.25 over the past 52 weeks. > Quess Corp Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 31% of past readings. QUESS · Facility Management · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/quess-corp-ltd

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹318.75 (+33.0% in a year)
- P/E: 16.9× (lower than 69% of the last 10 years)
- Revenue (Sep 2026): ₹4,396 Cr (+14.7% on a year ago)
- Profit (Sep 2026): ₹75.0 Cr (+44.2% on a year ago)
- Operating margin: 1.9% (−0.1 points on a year ago)
- ROCE: 24%, FY26
- Profit that came in as cash: 208%, last 3 years

The main question: yearly earnings per share moved +381.8% while the share price moved +33.0%. ## What is the Quess Corp share price today? Quess Corp Ltd's share price was ₹318.75 at the close on 3 November 2026. It has been rising for 17 weeks. That is 11.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹174 and ₹372, and at that close it sat 73% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 33 weeks in a row. Over the last 10 years the share price moved +37% while the NIFTY 500 moved +203%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Quess Corp this quarter? Three changes stood out: promoters cut their stake for 6 quarters in a row, profit up on a year earlier for 6 quarters in a row and highest quarterly revenue in 11 quarters. 1. Promoters cut their stake for 6 quarters in a row From 57% to 56.8% of the company by the September 2026 quarter. 2. Profit up on a year earlier for 6 quarters in a row In the September 2026 quarter profit was ₹75 crore, +44.2% on a year earlier. 3. Highest quarterly revenue in 11 quarters Revenue of ₹4,396 crore in the September 2026 quarter is the highest of the last 11 quarters. ## What are Quess Corp's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Quess Corp reported revenue of ₹4,396 crore, up 14.7% from ₹3,832 crore a year earlier, and a profit of ₹75.0 crore, up 44.2% from ₹52.0 crore. ### Quess Corp results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,396 crore | ₹3,832 crore | +14.7% |
| Profit | ₹75.0 crore | ₹52.0 crore | +44.2% |
| Earnings per share | ₹5.00 | ₹3.46 | +44.5% |
| Operating margin | 1.9% | 2.0% | −0.1 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 30 July 2026, about April to June 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Quess Corp share price history? Quess Corp closed at ₹318.75 on 3 November 2026, up 33.0% from ₹239.75 a year earlier (31 October 2025) and down 26.0% over five years. Its highest weekly close since July 2016 was ₹573.97 on 15 June 2018. ### Quess Corp share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹309.20 | +3.1% |
| 1 month ago · 1 Oct 2026 | ₹336.20 | −5.2% |
| 6 months ago · 30 Apr 2026 | ₹197.68 | +61.2% |
| 1 year ago · 31 Oct 2025 | ₹239.75 | +33.0% |
| 3 years ago · 3 Nov 2023 | ₹206.51 | +54.4% |
| 5 years ago · 4 Nov 2021 | ₹430.74 | −26.0% |
| 10 years ago · 4 Nov 2016 | ₹262.82 | +21.3% |
| Earliest weekly close in our records · 15 Jul 2016 | ₹232.43 | +37.1% |
| Highest weekly close since July 2016 · 15 Jun 2018 | ₹573.97 | −44.5% |
| Lowest weekly close since July 2016 · 15 May 2020 | ₹84.57 | +276.9% |
| 52-week high (weekly close) · 28 Aug 2026 | ₹372.25 | −14.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹174.03 | +83.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (545 weekly closes from 15 July 2016 to 3 November 2026.)

## What is the latest news on Quess Corp? 6 Nov 2026: Coming up: ex-date for an interim dividend of ₹5 a share. 3 Nov 2026: Quess Corp closed at ₹318.75, up 3.1% on the week and down 5.2% on the month. ### Earlier

- Results for July to September 2026: Revenue up 14.7% and profit up 44.2% on a year earlier. - Our read, 22 Aug 2026: Quess has a mix-led earnings recovery, but the case remains conditional on labor-code completion and cleaner conversion of reported profit into operating profit. - 7 Aug 2026: ex-date for a dividend of ₹3 a share. - 30 Jul 2026: Quess Corp held its results call for April to June 2026. Management guided: FY27 general staffing headcount growth of 10.0%-11.0% annually, equivalent to 40,000-50,000 additions; Q2 festive demand and conversion of 86 new accounts and 37,000 open mandates. - 8 May 2026: ex-date for a special dividend of ₹3 a share. - 6 Feb 2026: ex-date for an interim dividend of ₹5 a share. ### Our read of the business

Labor-code coverage, general-staffing execution, and other-income quality are the deciding checks. Latest quarter: Revenue and reported profit increased, while margin eased sequentially and other income supported the reported result. (Our read after the latest results, written 22 August 2026.)

## What dividend does Quess Corp pay? Quess Corp paid ₹8 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 2.51% at the ₹318.75 close on 3 November 2026. The last was a dividend of ₹3 a share, ex-date 7 August 2026. Next: ₹5 a share, ex-date 6 November 2026. ### Quess Corp dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 6 Nov 2026 (upcoming) | ₹5 | Interim | same day |
| 7 Aug 2026 | ₹3 | Dividend | same day |
| 8 May 2026 | ₹3 | Special | same day |
| 6 Feb 2026 | ₹5 | Interim | same day |
| 8 Aug 2025 | ₹6 | Dividend | same day |
| 7 Feb 2025 | ₹4 | Interim | same day |
| 6 Sep 2024 | ₹6 | Dividend | same day |
| 12 Feb 2024 | ₹4 | Interim | same day |
| 17 Nov 2022 | ₹8 | Interim | 18 Nov 2022 |
| 9 Jun 2022 | ₹4 | Interim | 10 Jun 2022 |
| 22 Nov 2021 | ₹4 | Interim | 23 Nov 2021 |
| 11 May 2021 | ₹7 | Interim | 13 May 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹3 Special dividends, last 12 months

Yes. Quess Corp Ltd paid out 74% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Quess Corp management say on the latest results call? On the call for April to June 2026, held on 30 July 2026, Quess Corp's management guided: FY27 general staffing headcount growth of 10.0%-11.0% annually, equivalent to 40,000-50,000 additions; Q2 festive demand and conversion of 86 new accounts and 37,000 open mandates. > “Over the next 3 to 4 years, we aspire to have 20.0%-25.0% of revenues coming from higher-margin businesses, changing the underlying composition of our company, as well as the margin profile and trajectory.”
> Rohit Bhatia, on the call for April to June 2026

### What management guided

- Labor-code customer coverage is expected to reach full coverage by end Q2 or early Q3; remaining liability should be below ₹176 crore and normal liability thereafter small. - Professional staffing operating margin of 11.0%-12.0% and ₹30 crore quarterly operating profit run rate - margin extracted under Q&A, range, ongoing/FY27; run-rate goal prepared, specific, timeframe not stated. - Overseas operating margin guided to 6.5%-7.0% as markets mature. - Higher-margin businesses are planned to contribute 20.0%-25.0% of revenue over the next 3-4 years. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/18117-30-Jul-2026.pdf). (From the call for April to June 2026, 30 July 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Quess Corp? What is changing in the business? What is changing at Quess Corp, from the latest results and calls: higher-margin portfolio mix, professional staffing and gcc conversion and general staffing demand conversion. - Higher-margin portfolio mix. Professional staffing and overseas operations can lift consolidated profitability if their segment economics persist while the scale business grows. ⚠ estimate
- Professional staffing and GCC conversion. GCC-linked professional staffing has a higher segment margin and a visible mandate pipeline, although mature GCC hiring is a risk. ⚠ estimate
- General staffing demand conversion. New accounts and open mandates can convert into volume during the seasonal demand period, supporting the scale business. ⚠ estimate
- Partner-led international corridors. Japan execution and prospective European agreements may add higher-value staffing revenue without a large capital commitment. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 22 August 2026.)

## What could change the Quess Corp story? What are the risks? If labor-code coverage does not reach completion by early October to December 2026 and consolidated operating margin remains at or below the latest quarter’s level despite revenue growth, the margin-normalization case is invalidated. ### Each change stops working if

- Higher-margin portfolio mix: Professional staffing loses its margin range or overseas operations fall below their guided margin path while general staffing remains the sole source of growth. - Professional staffing and GCC conversion: New-logo conversion stalls and segment margin falls below the stated range for two quarters. - General staffing demand conversion: Open mandates do not convert into headcount and revenue by the next reported quarter. - Partner-led international corridors: No signed agreements or first sales are disclosed over the next two reported quarters. ### The main risks

- Labor-code completion and liability timing: Customer coverage remains incomplete and the expected completion window has moved into early October to December 2026. ⚠ estimate
- Reported profit quality: The latest reported profit includes other income linked to a tax refund, so operating profit must be tracked separately. ✓ fact
- GCC hiring slowdown: Professional staffing depends heavily on GCC activity, and management acknowledged slower hiring at mature GCCs. ✓ fact
- Overseas execution and geopolitics: Overseas margins and collections are exposed to regional operating conditions, especially in the Middle East. ✓ fact

(Our read after the latest results, written 22 August 2026.)

## What to watch in Quess Corp's next results? When Quess Corp reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: General staffing Q2 conversion of 86 new accounts and 37,000 open mandates into headcount and revenue as festive demand arrives. - What to check (from the call)
- General staffing Q2 conversion of 86 new accounts and 37,000 open mandates into headcount and revenue as festive demand arrives. - Labor-code customer coverage should move from 68.0% toward full coverage by end Q2 or early Q3, with remaining liability below ₹176 crore and no profit contribution. - Professional staffing progress toward the ₹30 crore quarterly operating profit run rate while having the 11.0%-12.0% margin range and GCC-led growth. - Track Japan corridor execution and first sales, plus Europe and Nordics MOU or MSA progress; management tied corridor margin disclosure to signed MSAs and actual sales. ## Which stock lists is Quess Corp on? Quess Corp is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 2.51](https://www.sectoralpha.in/dividend-stocks-india)

## Is Quess Corp profitable? Quess Corp Ltd earned ₹75.0 Cr of net profit in the Sep 2026 quarter, +44.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹222 Cr. Over 10 years profit has grown 10.6% a year on average. That is 1.7% of the quarter's revenue. The same quarter a year earlier earned ₹52.0 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹222 Cr (+382.6% on the year before). Why profit moved: revenue changed +14.7% on a year earlier and the margin moved −0.1 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +45.3% and revenue +8.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Quess Corp make, and is it growing? Quess Corp Ltd reported ₹4,396 Cr of revenue in the Sep 2026 quarter, +14.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 16.1% a year on average. The last full year, FY26, came in at ₹15,305 Cr. Why this happened. Management identified new accounts, open mandates, and festive demand as the near-term volume mechanism. The Operating Leverage Catapult model applies only if incremental volume converts without a matching rise in fixed costs or further margin dilution. The last four reported quarters add to ₹16,400 Cr. FY26 revenue was ₹15,305 Cr, +2.3% on the year before. Recent pace: the last four quarters grew +8.4% on average, against 16.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.2%, against +2.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +452.0%, against +2.6% a year (accelerating). ## How much of every ₹100 of sales does Quess Corp keep? Quess Corp Ltd's operating margin was 1.9% in the Sep 2026 quarter, 0.1 percentage points lower than the same quarter a year ago. Across 13 years it has been between 1.7% and 6.0%. The latest quarter is within that range. Why this happened. Management states that higher-margin businesses account for half of profitability and plans to increase their revenue share over the medium term. This is an application of the Value Chain Climb model: the mix shift matters only when it reaches revenue scale and survives delivery checks. Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Quess Corp's profit turning into cash? Over the last 3 years, 208% of Quess Corp Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹230 Cr of operating cash against ₹222 Cr of profit. After ₹90.0 Cr of spending on assets, ₹140 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 208% of profit came in as cash: the cash cycle got 23 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: it has been selling more assets than it buys. The next section shows those figures. ## Where does Quess Corp's cash go? Quess Corp Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 38 days in FY26, down from 61 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹1,284 Cr. At FY26 sales of ₹15,305 Cr, each day of that cycle ties up about ₹41.9 Cr, so roughly ₹1,593 Cr is tied up in the business at any time. Over the last 3 years, money from selling assets was ₹1,284 Cr more than it spent on new ones. Work still in progress is ₹2.0 Cr (FY26). In short: assets are being sold, not built, so this cash is not going into new capacity. ## What is Quess Corp's P/E ratio, and how does it compare with its own history? Quess Corp Ltd's P/E is 16.9×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 19.4×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹18.46. Why the multiple is where it is: over the past year earnings per share moved +381.8% while the price moved +33.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −5.8% a year; about +33.2% a year came from earnings growth and about −39.0 percentage points from the multiple (the market paying less); over 10 years the price moved +1.9% a year; about +9.2% a year came from earnings growth and about −7.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 143% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the Quess Corp share price assume? Worked out from its price on 25 August 2026, Quess Corp Ltd's share price assumed profit growth of about 10.6% a year. Over the past 10 years its profit actually grew 10.6% a year. Today its P/E is 16.9×, lower than 69% of its own last 10 years. This is a one-day reading, taken on 25 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Quess Corp business getting better or worse? Quess Corp Ltd's business is turning around. Profit growth has swung from −82.6% at its low to +452.0%, improving for 5 quarters in a row, with ROCE rising at 24.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Quess Corp story, and has it been checked? Quess Corp Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID CONTRACTION. Our read, 22 August 2026. Quess has a mix-led earnings recovery, but the case remains conditional on labor-code completion and cleaner conversion of reported profit into operating profit. From the numbers. From the price. Price stage 2, week 17, above its 200-day line, relative strength falling. From the research. Quess has a mix-led earnings recovery, but the case remains conditional on labor-code completion and cleaner conversion of reported profit into operating profit. Where they disagree. What is proven. Quess has a mix-led earnings recovery, but the case remains conditional on labor-code completion and cleaner conversion of reported profit into operating profit. What is not proven yet. If labor-code coverage does not reach completion by early Q3 FY27 and consolidated operating margin remains at or below the latest quarter’s level despite revenue growth, the margin-normalization case is invalidated. What would change our mind. If labor-code coverage does not reach completion by early Q3 FY27 and consolidated operating margin remains at or below the latest quarter’s level despite revenue growth, the margin-normalization case is invalidated. The test written in advance. If labor-code coverage does not reach completion by early Q3 FY27 and consolidated operating margin remains at or below the latest quarter’s level despite revenue growth, the margin-normalization case is invalidated. Measured by: the thesis as written as stated by the next result. The test written in advance. Labor-code completion and liability timing. Measured by: Labor-code completion and liability timing Customer coverage remains below 100% at the early-Q3 FY27 update. by the next result. The test written in advance. Reported PAT quality. Measured by: Reported PAT quality Other income remains a material share of pre-tax profit without a recurring explanation. by the next result. What the company does. Revenue and reported PAT improved in the latest quarter, while professional staffing and overseas operations lift the portfolio mix. Labor-code coverage, general-staffing execution, and other-income quality are the deciding checks. What the surface reading misses. What the surface reading misses. The surface reading is: A 2.0% operating margin indicates a thin-margin business. The research reads it further: The margin includes labor-code pass-through effects and a lower-margin scale business; higher-margin businesses are intended to change mix over time. Lever 2 · Value-added mix: building. Professional staffing and overseas operations can lift consolidated profitability if their segment economics persist while the scale business grows. What proves it keeps working: Higher-margin portfolio mix. It stops working if Professional staffing loses its margin range or overseas operations fall below their guided margin path while general staffing remains the sole source of growth. Lever 12 · New product launch: building. GCC-linked professional staffing has a higher segment margin and a visible mandate pipeline, although mature GCC hiring is a risk. What proves it keeps working: Professional staffing and GCC conversion. It stops working if New-logo conversion stalls and segment margin falls below the stated range for two quarters. Lever 10 · New geographies: building. Japan execution and prospective European agreements may add higher-value staffing revenue without a large capital commitment. What proves it keeps working: Partner-led international corridors. It stops working if No signed agreements or first sales are disclosed over the next two reported quarters. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Quess Corp management deliver what it promised? What Quess Corp Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Labor Code Completion Window Slips · 30 July 2026. In May 2026, management said full client confirmation was expected by Q1 and most likely by the end of Q2. By Jul 2026, it reported that only 68% of customers were covered and extended the possible completion window to early Q3, without explaining the slippage; this creates a timing issue for labor-code liability and associated pass-through revenue recognition. Q4 FY26 Headcount Addition Goal Missed · 5 May 2026. In the Jan 2026 call closing remarks, management committed to delivering net headcount additions exceeding 15,000 in Q4 FY26 with no new risk factors flagged to execution. However, the May 2026 call revealed total company headcount actually declined from 483,503 at the end of Q3 to 478,594 at year-end - a net reduction of approximately 4,900 associates - representing a swing of roughly 20,000 headcount below the stated goal. The explanation of "global factors and supply-side talent shrinkage" was not flagged as a risk in the Jan 2026 call. Overseas Business Margin Guidance Downgraded Without Explanation · 5 May 2026. In the Jan 2026 call, management explicitly anchored overseas margins at a steady-state range of 6.5% to 7%. The May 2026 call revealed FY26 overseas EBITDA margins of approximately 6.4%, below the guided range floor, and forward guidance was revised down to "6% plus" - meaningfully reducing the lower bound from 6.5% to just above 6% without any explanation for why the prior steady-state range was no longer achievable. General Staffing Medium-Term Margin Goal Quietly Dropped · 5 May 2026. In the Jan 2026 call, management set an explicit medium-to-long-term EBITDA margin goal of 1.8% for General Staffing, above a near-term corridor of 1.5% to 1.6%. In the May 2026 call, when mapping FY27 consolidated margin projections, General Staffing is simply characterized as "a 1.5% EBITDA margin business" with no reference to a path toward 1.8%, implicitly resetting the GS margin trajectory that analysts would have embedded in forward models without acknowledgment of the change in goal. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Quess Corp earn on its capital? Quess Corp Ltd earned a ROCE of 24% in FY26. That is up from a low of 5% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 1.5% net margin and 5.04× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.5% net margin × 5.04× asset turnover × 2.61× leverage (assets divided by equity) ≈ 19.7% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 143% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Quess Corp have too much debt? Quess Corp Ltd had ₹124 Cr of borrowings against ₹1,166 Cr of equity in FY26, so its debt is 0.11× its equity. Its operating profit is 7 times its interest bill. Over 5 years borrowings went from ₹791 Cr to ₹124 Cr. Over the last 3 of those years it sold more assets than it bought, by ₹1,284 Cr. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 143% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Quess Corp shareholding pattern? Foreign institutions cut their stake in Quess Corp Ltd by 5.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 10.3% of the company. Domestic institutions moved +1.0 points over the same period, to 12.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −5.6 points over 8 quarters, to 10.3%; Domestic institutions: +1.0 points over 8 quarters, to 12.0%; Promoters: +0.2 points over 8 quarters, to 56.8%. Why the owners changed: foreign institutions drove it (−5.6 points), with the other side taken by domestic institutions (+1.0 points). They reduced their stake. ## How far is Quess Corp from balance-sheet trouble? For Quess Corp Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Quess Corp rank in its industry? 68.1 out of 100, rank 1 of 4 in Facility Management, with 79% of the evidence available. Quess Corp Ltd scores 68.1 out of 100 against the 4 companies it is compared with in Facility Management, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 25.7 + 17.7 + 10.7 + 14 = 68.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Quess Corp compared with? Quess Corp ranks 1 of 4 Facility Management companies on the 4-Factor Sector Score, with 68.1 out of 100. 1. Quess Corp Ltd this page QUESS · losing its lead · Most evidence points up · 79% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 8.2% · Profit 100% · Operating margin change -0.1 points · 95% evidence Capital efficiency 17.7/25 · ROCE 24% · Operating margin 1.9% · 76% evidence Valuation 10.7/20 · P/E 16.2× · PEG n/a · 35% evidence Relative strength 14.0/20 · Lead over its industry 14.6% · Lead over NIFTY 500 29.2% · 1 year 27.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.7 + 17.7 + 10.7 + 14 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Updater Services Ltd](https://www.sectoralpha.in/stocks/updater-services-ltd) UDS · breaking out · Evidence leans down · 82% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 8.9% · Profit -15.8% · Operating margin change 0.7 points · 100% evidence Capital efficiency 7.7/25 · ROCE 9.9% · Operating margin 5% · 100% evidence Valuation 15.2/20 · P/E 13.1× · PEG 1.04 · 85% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 16.9% · 1 year -14.3% · 25% evidence · 11 of 12 weeks ahead Exact sum: 12.9 + 7.7 + 15.2 + 12.5 = 48.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Krystal Integrated Services Ltd](https://www.sectoralpha.in/stocks/krystal-integrated-services-ltd) KRYSTAL · losing its lead · Evidence leans down · 60% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.4/35 · Revenue 2.9% · Profit 3.2% · Operating margin change -1 points · 83% evidence Capital efficiency 13.7/25 · ROCE 16.2% · Operating margin 6% · 76% evidence Valuation 13.5/20 · P/E 12.1× · PEG n/a · 35% evidence Relative strength 10.2/20 · Lead over its industry n/a · Lead over NIFTY 500 0.4% · 1 year -6.1% · 25% evidence · 10 of 12 weeks ahead Exact sum: 10.4 + 13.7 + 13.5 + 10.2 = 47.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. [SIS Ltd](https://www.sectoralpha.in/stocks/sis-ltd) SIS · quiet · Evidence leans down · 93% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 25.2% · Profit 100% · Operating margin change 0.2 points · 88% evidence Capital efficiency 9.6/25 · ROCE 13.7% · Operating margin 4.5% · 100% evidence Valuation 8.5/20 · P/E 12.8× · PEG 2.79 · 85% evidence Relative strength 5.0/20 · Lead over its industry -8% · Lead over NIFTY 500 5.2% · 1 year 10.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 24.5 + 9.6 + 8.5 + 5 = 47.6 · What this means: Earnings are strong; relative strength in its sector is -8% and the one-year return is 10.8%. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Facility Management](https://www.sectoralpha.in/sectors/facility-management), all 4 compared on one page. ## Which companies are close to Quess Corp in size? Quess Corp is the 2nd largest of 4 Facility Management companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: SIS. Just below it: Updater Services and Krystal Integrated Services. ### Facility Management companies close in size

1. [SIS Ltd](https://www.sectoralpha.in/stocks/sis-ltd) ₹5,126 crore
2. Quess Corp Ltd ₹4,571 crore
3. [Updater Services Ltd](https://www.sectoralpha.in/stocks/updater-services-ltd) ₹1,358 crore
4. [Krystal Integrated Services Ltd](https://www.sectoralpha.in/stocks/krystal-integrated-services-ltd) ₹791 crore

[All 4 Facility Management companies, largest first](https://www.sectoralpha.in/sectors/facility-management#all-companies)

### Companies close in size in other industries

1. [Zota Health Care Ltd](https://www.sectoralpha.in/stocks/zota-health-care-ltd) ₹4,602 crore · Pharmacy Distribution
2. [HEG Ltd](https://www.sectoralpha.in/stocks/heg-ltd) ₹4,575 crore · Electrodes - Welding Equipment
3. Quess Corp Ltd ₹4,571 crore
4. [Puravankara Ltd](https://www.sectoralpha.in/stocks/puravankara-ltd) ₹4,549 crore · Realty - Construction & Contracting
5. [VRL Logistics Ltd](https://www.sectoralpha.in/stocks/vrl-logistics-ltd) ₹4,547 crore · Logistics - Warehousing/Supply Chain

## What else do people ask about Quess Corp? ### What is Quess Corp's share price today? Quess Corp Ltd's share price is ₹318.75, +33.0% over the past year. The whole company is worth ₹4,761 Cr on the market. In the last 52 weeks it traded between ₹174 to ₹372; today it is 73% of the way up from the low, 11.4% above its 200-day average (as of 3 November 2026). ### What were Quess Corp's latest quarterly results? Quess Corp Ltd reported revenue of ₹4,396 Cr and net profit of ₹75.0 Cr for the Sep 2026 quarter. Revenue rose 14.7% and profit rose 44.2% compared with a year earlier. Earnings per share were ₹5.00. The operating margin was 1.9%, 0.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Quess Corp's market cap? Quess Corp Ltd's market capitalisation is ₹4,761 Cr at a share price of ₹318.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Quess Corp performing? Quess Corp Ltd's share price has been rising for 17 weeks. In its latest quarter, revenue rose 14.7% and profit rose 44.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 33 weeks running (as of 3 November 2026). ### Will Quess Corp's share price go up? This page does not forecast Quess Corp Ltd's share price. What it shows instead: the share price is ₹318.75, and it has been rising for 17 weeks. Its P/E of 16.9× is higher than 31% of its own last 10 years (as of 3 November 2026). ### Who owns Quess Corp? Promoters own 56.8% of Quess Corp Ltd, foreign institutions 10.3%, domestic institutions 12.0% and the public 19.8% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 5.6 percentage points over 8 quarters (as of 3 November 2026). ### What is Quess Corp's capex? Quess Corp Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹1,284 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹141 Cr (as of 3 November 2026). ### Where is Quess Corp in its business cycle? Quess Corp Ltd's FY26 operating margin was 2.1%, against a 13-year range of 1.7% to 6.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 1.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Quess Corp story? The main question: yearly earnings per share moved +381.8% while the share price moved +33.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Quess Corp a stock worth studying right now? What the numbers show: Quess Corp Ltd's results are improving, while its P/E is near the low end of its own history over 10 years, higher than only 31% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Quess Corp share price forecast for 2026? What management itself guided: FY27 general staffing headcount growth of 10.0%-11.0% annually, equivalent to 40,000-50,000 additions; Q2 festive demand and conversion of 86 new accounts and 37,000 open mandates. What is changing at Quess Corp, from the latest results and calls: higher-margin portfolio mix, professional staffing and gcc conversion and general staffing demand conversion. What would change the story: If labor-code coverage does not reach completion by early October to December 2026 and consolidated operating margin remains at or below the latest quarter’s level despite revenue growth, the margin-normalization case is invalidated. ## Lists

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