Quess Corp is a leading provider of technology-enabled business services across a diverse range of industries, including healthcare, telecom, retail, logistics, and manufacturing. The company has a strong presence in India and several other countries, and it offers a wide range of services, including staffing, facility management, industrial solutions, and digital transformation, among others.
In terms of financial performance, Quess Corp has posted consistent growth over the past several years, with the company’s annual revenue growing from INR 3,038 crore in FY15 to INR 12,068 crore in FY21, representing a CAGR of 24.8%. The company has also maintained strong profitability, with a net profit margin of around 3% over the past five years.
Additionally, Quess Corp has a solid balance sheet, with a debt-to-equity ratio of 0.5 and a healthy cash balance of over INR 1,200 crore as of March 2021. The company also has a diversified customer base, with no single client accounting for more than 5% of its revenue.
Looking ahead, Quess Corp is well-positioned to benefit from the growing demand for technology-enabled business services across various industries, as well as the continued expansion of the Indian economy. The company has been actively pursuing acquisitions to enhance its capabilities and expand its reach, which should help to drive further growth in the coming years.
While any investment involves some degree of risk, Quess Corp appears to be a strong and well-managed company with a solid track record of growth and profitability. As such, it could be a good buy for investors with a long-term perspective who are looking to gain exposure to the growing technology-enabled business services market in India and beyond.
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Is Quess Corp Debt Free?
To answer the question, it is important to define what it means for a company to be “debt-free.” A company is considered debt-free when it has no long-term debt obligations or outstanding loans that it owes to its creditors.
In the case of Quess Corp, it is not entirely debt-free, but it has relatively low debt compared to its assets and revenue. As of March 2020, Quess Corp’s total debt stood at approximately INR 664.11 crores, which is a significant reduction from the previous year’s debt of INR 1,297.8 crores.
However, it is noteworthy that the company’s debt-to-equity ratio remains higher than the industry average, indicating that it relies primarily on borrowed funds rather than shareholders’ equity to finance its operations. Moreover, Quess Corp’s interest coverage ratio also reveals that the company’s earnings are not sufficient to cover its interest payments, which could raise concerns for investors.
While Quess Corp is not completely debt-free, it has made progress in reducing its debt levels in recent years. However, the company still has some outstanding loans, which it needs to repay in the future. Therefore, it is crucial for potential investors and stakeholders to monitor Quess Corp’s financials closely to evaluate the impact of its debt on the company’s growth and profitability.
Who are the competitors of Quess Corp?
Quess Corp is a leading global provider of workforce management solutions, technology services, and business services. As a company that provides a wide range of services catering to different industries, it has many competitors that offer similar services. Some of the major competitors of Quess Corp include Adecco, ManpowerGroup, Randstad Holding NV, Kelly Services, Inc., and Robert Half International Inc.
Adecco is a Switzerland-based company that provides staffing and consulting services. It offers staffing solutions in various sectors such as legal, healthcare, education, engineering, and finance. Its services also include talent management, executive search, outsourcing, consulting, and training.
ManpowerGroup is a US-based organization that offers various workforce-related services including recruitment, assessment, training, and development, among others. Its services cater to different sectors such as IT, engineering, finance, healthcare, and logistics.
Randstad is a Dutch-based company with a global presence. It offers recruitment, staffing, and HR solutions to clients across industries. Its services include permanent and temporary staffing, in-house services, and HR solutions.
Kelly Services is a US-based company that offers staffing solutions in various sectors, including engineering, IT, medical, financial, and creative. The company also provides outsourcing, consulting, and workforce solutions.
Robert Half International Inc. is a US-based company that offers specialized staffing solutions in various sectors such as finance, accounting, legal, and technology. It also provides consulting and staffing services to businesses across the globe.
Quess Corp operates in a highly competitive market, with several companies vying for market share in the global workforce solutions industry. The competition is intense, with each company trying to differentiate itself from others and offer unique solutions to clients. However, Quess Corp has positioned itself as a leading provider of end-to-end workforce solutions, which gives it an edge over other competitors.
Is Quess a listed company?
Yes, Quess Corp Limited is a listed company on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). It is one of the largest staffing and outsourcing solutions providers in India, offering a wide range of services including workforce management, technology solutions, and facility management services to various industries across India and other emerging markets.
Quess was initially listed on the BSE in 2016, followed by its listing on the NSE in the same year. Since then, the company’s stock has been performing consistently well, attracting significant investor interest owing to its strong financial performance and robust growth prospects. The company’s listing on the stock exchanges has further increased its visibility and credibility among investors and stakeholders, helping it to attract more capital and expand its operations in new markets.
Quess is a listed company, and its presence on the stock exchanges has provided a platform for investors to participate in the growth story of this promising organization.
Why is Quess Corp falling?
Quess Corp is a leading business solutions provider in India that offers a range of services including staffing, logistics, technology solutions, and facility management. Over the past year, the company’s stock price has been on a declining trend with several factors contributing to the recent fall.
One of the primary reasons for the drop in Quess Corp’s stock price is the impact of the COVID-19 pandemic on the Indian economy. With a nationwide lockdown imposed to contain the spread of the virus, businesses across sectors were hit hard leading to a decline in overall economic activity. As a result, Quess Corp’s revenue and profit margins have been impacted significantly.
Additionally, the company’s high debt burden has been a concern for investors, especially in light of the pandemic’s impact on the Indian economy. As of December 2020, Quess Corp’s total debt was over Rs. 2500 crore, leading to higher interest costs and negatively impacting the company’s profitability.
Moreover, the rise in employee costs and wages has also affected Quess Corp’s bottom line. As the largest private-sector employer in India, the company has a significant workforce of over 385,000 employees, and recent wage hikes have led to higher expenses.
Lastly, the decline in investor sentiment in the Indian market has also contributed to the fall in Quess Corp’s stock price. With uncertainties surrounding the pandemic and the economic recovery, investors remain cautious in their investment decisions, leading to lower demand for the company’s shares.
The fall in Quess Corp’s stock price can be attributed to a range of factors, including the impact of the COVID-19 pandemic, high debt burden, rise in employee costs, and lower investor sentiment. However, the company’s long-term fundamentals and market position as a leading business solutions provider in India make it a viable option for investors looking for exposure to India’s growth potential.
Is it good to invest in debt-free company?
Investing in a debt-free company can be beneficial in many ways. Firstly, when a company is debt-free, it is less risky as it does not have any financial obligations or loan repayments to make. This means that the company’s profitability is much more stable in the long run, as its cash flow is not impacted by the interest payments associated with higher levels of debt.
This stability in turn can make the company a more attractive investment option and often leads to a higher valuation of the company, resulting in greater returns for investors.
Furthermore, since debt-free companies do not need to allocate a significant portion of their funds towards debt servicing, they may have more flexibility in terms of investments, expansions or distributing profits to shareholders. They can choose to invest in research and development, new technology, or other growth opportunities, which can help to drive the company’s long-term success and profitability.
Additionally, debt-free companies may be able to offer better returns to their shareholders, as they are not weighed down by high interest payments, which again leads to a higher valuation of the company and ultimately greater returns for investors.
However, it’s important to note that investing in a company solely based on its debt status is not always the best strategy. Investors should also consider the company’s industry, market position, management team, and growth potential before making an investment decision. A debt-free company in a declining industry with poor management may still be a risky investment, despite its lack of debt.
The decision to invest in a debt-free company should be made based on a thorough analysis of many factors beyond just debt status. However, being debt-free can certainly offer significant advantages for a company and is generally viewed positively by investors.
Which company is debt free?
Determining which company is debt-free requires analysis of financial statements, which can change over time. However, as of the time of this writing, one example of a debt-free company is Tesla Inc. (TSLA).
Tesla Inc. is a publicly-traded company that specializes in electric vehicles, energy storage systems, and solar products. As of the end of December 2020, Tesla had a net cash position of $19.4 billion, which means its cash and cash equivalents exceed its total debt. This was a significant achievement for the company, which has a history of relying on debt to finance its operations and growth.
One of the main reasons for Tesla’s debt-free status is its recent profitability. The company has experienced strong revenue growth in recent years, driven by increased production of its electric vehicles and expansion into new markets. In the last quarter of 2020, Tesla delivered a record 180,570 vehicles, up 29% from the previous quarter.
This strong performance has enabled the company to generate significant cash flows, which it has used to pay down debt and build up its cash reserves.
Furthermore, Tesla has been successful in accessing equity capital from the public markets. In August 2020, the company announced a 5-for-1 stock split, which increased the number of shares outstanding and reduced the share price to make it more accessible to retail investors. This move helped Tesla raise over $5 billion in a follow-on stock offering, which it used to repay debt and strengthen its balance sheet.
Tesla’S debt-free status reflects its strong performance in recent years and its ability to access capital from the public markets. While the company may take on debt in the future as it continues to grow and expand, its current financial position is a testament to its success in the electric vehicle and clean energy markets.
How do I know if a company is debt free from screener?
Checking if a company is debt-free from a screener is not difficult, but it requires a few crucial steps. Before delving into that, it is crucial to understand what debt is and why it matters.
Debt refers to the amount a company borrows to finance its operations or to fund capital expenditures such as building new factories, buying equipment, or investing in research and development. It is a common practice among companies, and it can be a useful tool to boost growth or manage liquidity needs.
However, excessive debt levels can pose risks to a company. For instance, high-interest payments can weigh down the company’s profitability and limit its flexibility to reinvest profits, pay dividends or buy back shares. Debt can also make a company vulnerable to economic downturns, competition, or regulatory changes, which could harm its credit rating and financial stability.
Therefore, when selecting stocks, one factor to consider is the company’s debt situation. A debt-free company is generally more financially secure, generates higher returns on equity, and has more resources to invest in growth opportunities. It may also be more resilient to unexpected events, such as a recession, a natural disaster, or a pandemic.
Now, to check whether a company is debt-free from a screener, here are the steps to follow:
Step 1: Identify the screener’s debt ratio filter
Most screeners allow you to filter stocks based on fundamental ratios, such as the debt-to-equity ratio, the current ratio, or the interest coverage ratio. These ratios compare a company’s debt level to its equity, assets, or earnings, respectively, and provide insights into its financial health.
To check for a debt-free company, you can use the debt-to-equity ratio filter. This ratio calculates the amount of debt a company has relative to its equity, which represents the portion of the company owned by shareholders. A debt-to-equity ratio of 0 means that a company is debt-free, while a ratio above 1 indicates that it has more debt than equity.
Step 2: Set the filter criteria
Once you have found the debt-to-equity ratio filter, you need to specify the range of values you want to screen. Depending on the screener, you may be able to set the minimum, maximum, or both values. To ensure you only get debt-free companies, you can set a minimum ratio of 0 and leave the maximum blank.
Alternatively, you can set a maximum ratio of 0 to exclude companies with any debt.
Step 3: Run the screener
After you have set the filter criteria, you can run the screener and see the list of companies that meet your requirements. Depending on the screener, you may be able to sort the results by other metrics, such as market capitalization, dividend yield, or price-to-earnings ratio. You can also view a company’s financial statements, news, filings, and other data to get a more comprehensive view of its business.
Step 4: Validate the results
While a screener can help you identify debt-free companies, it is essential to validate the results before making any investment decisions. You can use other sources, such as the company’s annual report, its website, or financial news websites to check the accuracy and relevance of the screener’s data.
You can also compare the company’s metrics to its peers, industry benchmarks, or historical trends to understand its competitive position and growth prospects.
Using a screener to identify debt-free companies is an effective way to screen for stocks that may offer more financial stability and profitability. However, it is crucial to use other sources and tools to validate the results and make informed decisions. By doing so, you can reduce the risks of investing in companies that may be overly indebted and increase the chances of achieving your investment goals.
How does Quess make money?
Quess Corp Limited is a leading business services provider in India and makes money through various business verticals. Quess operates in areas such as staffing, technology solutions, skill development, and integrated facility management.
One of the primary sources of revenue for Quess is staffing services. Quess provides staffing solutions to companies of various sizes and industry verticals. The company provides temporary, permanent, and contract staffing services to help organizations address their workforce requirements. Quess gets paid by the client for providing staffing services, and the revenue generated from this vertical is a significant contributor to the company’s top line.
Another area where Quess generates revenue is technology solutions. The company offers technology solutions such as software development, analytics, AI, and automation to help organizations automate their operations and enhance their productivity. Quess’s tech arm Accion Labs, provides technology consulting services to global clients, and the revenue generated from this vertical is another significant contributor to the company’s income.
Quess also provides skill development services, including training, certification, and employability enhancement programs. The company’s skill development vertical is focused on the upskilling and reskilling of the Indian workforce. The company gets paid for providing training services to candidates and generating a placement for them.
Integrated facility management is another area where Quess earns revenue. Quess offers integrated facility management solutions to several multi-national clients, including real estate management, housekeeping, catering, landscaping, etc. The company charges a fee for managing these facilities and providing specialized services.
Quess also earns revenue through the sale of goods such as office equipment, furniture, and provision of payroll processing software. The company has also recently entered the healthcare industry, providing healthcare services such as diagnostics, patient management, and healthcare data analytics.
Quess is a multi-faceted business services provider that earns revenue from several diversified verticals, including staffing, technology solutions, skill development, integrated facility management, healthcare, and more. The company has a diversified revenue stream, which helps it to reduce risks and achieve consistent growth.
Which is the share to hold?
Deciding which share to hold can be a challenging task as there are a lot of factors to consider. Some of the factors include the type of company, the industry it operates in, the economic environment, financial performance, market conditions, and future growth potential.
One of the key factors to consider is the type of company. Companies can be categorized as large-cap, mid-cap, or small-cap based on their market capitalization. Large-cap companies are relatively stable and have a proven track record of success, whereas mid-cap and small-cap companies can be more volatile and risky, but with higher growth potential.
Another factor to consider is the industry the company operates in. Some industries are cyclical and are dependent on economic conditions, whereas others are defensive and perform well even in a downturn. It’s important to understand the risks and opportunities associated with the industry before investing.
Financial performance is another critical factor to consider. Investors should look at a company’s revenue growth, profit margins, earnings per share, and return on equity to assess its financial health. It’s also essential to look at a company’s cash flow and debt ratio to understand its liquidity and solvency.
Market conditions can also impact share performance. The bull market is a favorable market condition where share prices rise, and the bear market is a challenging market condition where share prices fall. It would be best to analyze the market conditions and invest accordingly.
Moreover, investors should also consider future growth potential. A company could have a significant competitive advantage, a robust pipeline of products or services, or operate in a growing industry. All of which could fuel future growth potential.
Deciding which share to hold requires a thorough analysis of various factors. It’s essential to assess the type of company, its industry, financial performance, market conditions, and future growth potential before investing. By investing in a company that has a sound strategy, proven track record, and growth potential, investors can generate returns while minimizing risk.
Which company shares to buy now?
Some of the factors you may want to consider while researching the company’s shares include financial health, overall market performance, industry trends, and growth potential. Additionally, political and economic events such as changes in regulations, trade restrictions, or interest rates can also affect the stock market and the share values of companies.
In view of these factors, it is wise to consult with financial experts, engage in market analysis, and conduct an independent analysis of the company’s news and market reports before deciding to invest in any stock. This will help you make informed decisions and minimize the potential risks associated with stock investments.
It is essential to remember that investing in stocks and shares comes with inherent risks, including fluctuations in share prices, and the possibility of losing some or all of your investment. Therefore, it is essential to invest only what you can afford to lose and to diversify your stock portfolio across multiple companies and industries to mitigate your exposure to risks.
Investing in stocks and shares requires research, analysis, and a calculated risk. Careful consideration of the factors and consulting with experts should not be overlooked when planning to buy shares. With proper analysis and information, you can make informed decisions and enjoy the potential benefits of investing in the stock market.
Who owns Quess?
Quess is owned by Thomas Cook (India) Ltd. as a subsidiary. Thomas Cook (India) Ltd. is a leading travel and tourism company in India and owns a range of subsidiaries and brands, including Quess Corp. Quess Corp operates as a global workforce management company and offers a range of services in this field, including workforce management, facility management, and recruitment process outsourcing.
The company has operations in several countries, including India, North America, Middle East, and South East Asia. As a subsidiary of Thomas Cook (India) Ltd, Quess benefits from the parent company’s extensive network of subsidiaries and partnerships, allowing it to provide world-class services to clients across various sectors.
Thomas Cook (India) Ltd. owns Quess, a global workforce management company with operations in various countries. The subsidiary benefits from the parent company’s extensive network and expertise in the travel and tourism industry.
Is Monster a part of Quess Corp?
Monster is a global online employment solution that connects job seekers with employers. On the other hand, Quess Corp is an Indian multinational conglomerate that provides business services such as recruitment, staffing, payroll management, and technology solutions. While both Monster and Quess Corp operate within the employment sector, they are separate entities.
However, Monster had a past association with Quess Corp. In 2016, Quess Corp acquired Monster’s business in India for $8.5 million. Under this deal, Quess Corp gained access to Monster’s customer base, technology platform, and brand name. However, the agreement did not involve any exchange of ownership, and Monster continued to operate as an independent entity in other parts of the world.
Recently, in July 2021, there were rumors that Quess Corp was planning to sell Monster Worldwide Inc., which is a subsidiary of the parent company Monster Worldwide. However, those rumors were put to rest when Monster announced a strategic partnership with Quess Corp. The two companies have entered into a four-year agreement under which Quess Corp will market and distribute Monster’s services in India, the United Arab Emirates, and six other Asian countries.
While Quess Corp has had a past association with Monster through the acquisition of Monster’s Indian business, Monster is not a part of Quess Corp. The recent strategic partnership is a great example of how two companies operating in the same industry can collaborate to improve their services and expand their reach.
How many employees does Quess have?
Nevertheless, as of its previous financial year annual report, Quess had reported employing over 324,956 people.
This multi-national company operates across diverse verticals such as facility management, industrial services, technology solutions, and staffing among others. It caters to clients spread over industries such as healthcare, retail, hospitality, telecom, and banking, among others.
The employee strength at Quess can vary and fluctuate depending on the projects and requirements from its clients. The company has a robust recruitment process for hiring new talent and ensures equal opportunities, diversity, and inclusion in its workforce.
Quess has been expanding its presence globally and acquiring new companies to strengthen its portfolio of offerings. With a focus on innovation and digital transformation, the company aims to improve productivity, efficiency, and quality of service delivery. All of these factors combined impact the number of employees at Quess, and the company is likely to continue to witness growth in this metric as it expands further.
