Quess Corp Limited (QUESS) - Net Assets

Latest as of March 2026: Rs11.68 Billion INR ≈ $126.34 Million USD

Based on the latest financial reports, Quess Corp Limited (QUESS) has net assets worth Rs11.68 Billion INR (≈ $126.34 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs30.39 Billion ≈ $328.67 Million USD) and total liabilities (Rs18.71 Billion ≈ $202.33 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check QUESS tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs11.68 Billion
% of Total Assets	38.44%
Annual Growth Rate	22.48%
5-Year Change	-51.6%
10-Year Change	39.56%
Growth Volatility	63.83

Quess Corp Limited - Net Assets Trend (2011–2026)

This chart illustrates how Quess Corp Limited's net assets have evolved over time, based on quarterly financial data. See QUESS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Quess Corp Limited (2011–2026)

The table below shows the annual net assets of Quess Corp Limited from 2011 to 2026. For live valuation and market cap data, see Quess Corp Limited market cap and net worth.

Year	Net Assets	Change
2026-03-31	Rs11.68 Billion ≈ $126.34 Million	+7.57%
2025-03-31	Rs10.86 Billion ≈ $117.45 Million	-63.37%
2024-03-31	Rs29.65 Billion ≈ $320.61 Million	+8.56%
2023-03-31	Rs27.31 Billion ≈ $295.33 Million	+13.15%
2022-03-31	Rs24.14 Billion ≈ $261.01 Million	-0.97%
2021-03-31	Rs24.37 Billion ≈ $263.56 Million	+3.58%
2020-03-31	Rs23.53 Billion ≈ $254.45 Million	-13.77%
2019-03-31	Rs27.29 Billion ≈ $295.10 Million	+10.82%
2018-03-31	Rs24.62 Billion ≈ $266.29 Million	+194.17%
2017-03-31	Rs8.37 Billion ≈ $90.52 Million	+142.22%
2016-03-31	Rs3.46 Billion ≈ $37.37 Million	+28.43%
2015-03-31	Rs2.69 Billion ≈ $29.10 Million	+45.81%
2014-03-31	Rs1.85 Billion ≈ $19.96 Million	+118.05%
2013-03-31	Rs846.27 Million ≈ $9.15 Million	+31.29%
2012-03-31	Rs644.56 Million ≈ $6.97 Million	+15.61%
2011-03-31	Rs557.52 Million ≈ $6.03 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Quess Corp Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 7558000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.49 Billion	12.80%
Other Components	Rs10.17 Billion	87.20%
Total Equity	Rs11.66 Billion	100.00%

Quess Corp Limited Competitors by Market Cap

The table below lists competitors of Quess Corp Limited ranked by their market capitalization.

Company	Market Cap
Jay Mart Public Company Limited BK:JMART	$403.83 Million
Smcp SAS PA:SMCP	$403.85 Million
Xinxiang Tuoxin Pharmaceutical Co.Ltd. SHE:301089	$404.05 Million
Hangzhou Zhengqiang Corporation Limited SHE:301119	$404.20 Million
Longxing Chemical Stock Co Ltd SHE:002442	$403.59 Million
Sino-Argi Leading Biosciences SHG:603970	$403.57 Million
Wheels India Limited NSE:WHEELS	$403.54 Million
TangYuan Electric SHE:300789	$403.52 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Quess Corp Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 10,848,510,000 to 11,664,640,000, a change of 816,130,000 (7.5%).
Net income of 2,216,230,000 contributed positively to equity growth.
Dividend payments of 1,636,120,000 reduced retained earnings.
Other comprehensive income decreased equity by 511,989,999.
Other factors increased equity by 748,009,999.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs2.22 Billion	+19.0%
Dividends Paid	Rs1.64 Billion	-14.03%
Other Comprehensive Income	Rs-511.99 Million	-4.39%
Other Changes	Rs748.01 Million	+6.41%
Total Change	Rs-	7.52%

Book Value vs Market Value Analysis

This analysis compares Quess Corp Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.20x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 60.94x to 3.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-03-31	Rs4.10	Rs249.94	x
2012-03-31	Rs4.69	Rs249.94	x
2013-03-31	Rs6.02	Rs249.94	x
2015-03-31	Rs23.26	Rs249.94	x
2016-03-31	Rs30.49	Rs249.94	x
2017-03-31	Rs65.81	Rs249.94	x
2018-03-31	Rs172.68	Rs249.94	x
2019-03-31	Rs185.93	Rs249.94	x
2020-03-31	Rs154.96	Rs249.94	x
2021-03-31	Rs156.88	Rs249.94	x
2022-03-31	Rs163.50	Rs249.94	x
2023-03-31	Rs172.11	Rs249.94	x
2024-03-31	Rs187.46	Rs249.94	x
2025-03-31	Rs72.72	Rs249.94	x
2026-03-31	Rs78.16	Rs249.94	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Quess Corp Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 19.00%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.45%
• Asset Turnover: 5.04x
• Equity Multiplier: 2.61x
Recent ROE (19.00%) is above the historical average (10.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	3.73%	0.63%	1.46x	4.04x	Rs-29.12 Million
2012	11.72%	0.98%	2.51x	4.79x	Rs9.11 Million
2013	17.69%	1.21%	3.03x	4.85x	Rs52.49 Million
2014	22.19%	1.78%	3.37x	3.71x	Rs130.83 Million
2015	19.98%	2.62%	2.79x	2.74x	Rs268.66 Million
2016	25.62%	2.58%	2.77x	3.58x	Rs539.63 Million
2017	13.57%	2.73%	1.82x	2.73x	Rs298.43 Million
2018	12.64%	5.04%	1.26x	1.99x	Rs649.11 Million
2019	9.42%	3.01%	1.70x	1.84x	Rs-158.17 Million
2020	-18.98%	-3.93%	2.07x	2.34x	Rs-6.59 Billion
2021	2.47%	0.53%	2.30x	2.01x	Rs-1.76 Billion
2022	9.90%	1.76%	2.55x	2.20x	Rs-25.50 Million
2023	8.74%	1.31%	2.80x	2.38x	Rs-324.58 Million
2024	9.93%	2.03%	2.19x	2.23x	Rs-20.43 Million
2025	4.22%	0.31%	5.32x	2.59x	Rs-626.83 Million
2026	19.00%	1.45%	5.04x	2.61x	Rs1.05 Billion

Industry Comparison

This section compares Quess Corp Limited's net assets metrics with peer companies in the Staffing & Employment Services industry.

Industry Context

Industry: Staffing & Employment Services
Average net assets among peers: $1,389,331,089
Average return on equity (ROE) among peers: 13.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Quess Corp Limited (QUESS)	Rs11.68 Billion	3.73%	1.60x	$403.64 Million
Aarvi Encon Limited (AARVI)	$199.00 Million	21.74%	1.18x	$22.41 Million
Ace Integrated Solutions Limited (ACEINTEG)	$157.70 Million	2.28%	0.30x	$2.54 Million
Teamlease Services Limited (TEAMLEASE)	$3.81 Billion	17.41%	0.82x	$264.04 Million

About Quess Corp Limited

NSE:QUESS India Staffing & Employment Services

Market Cap

$403.64 Million

Rs37.32 Billion INR

Market Cap Rank

#13486 Global

#669 in India

Share Price

Rs249.94

Change (1 day)

+0.26%

52-Week Range

Rs169.72 - Rs318.10

All Time High

Rs1204.64