Buy Quess Corp, target price Rs 468: IIFL

IIFL has buy call on Quess Corp with a target price of Rs 468.The current market price of Quess Corp is Rs 454.15 IIFL recommended to keep stop loss at Rs 430.

Quess Corp, incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 6593.99 Crore) operating in Services sector.

Quess Corp key Products/Revenue Segments include Other Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 4443.84 Crore, down -.63 % from last quarter Total Income of Rs 4472.24 Crore and up 17.04 % from last year same quarter Total Income of Rs 3796.73 Crore. Company has reported net profit after tax of Rs 29.92 Crore in latest quarter.

The company’s top management includes Mr.Ajit Isaac, Mr.Guruprasad Srinivasan, Mr.Chandran Ratnaswami, Mr.Gopalakrishnan Soundarajan, Mr.Kalpathi Rathna Girish, Mr.Gaurav Mathur, Ms.Revathy Ashok, Mr.Sanjay Anandaram. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2023, the company has a total of 15 Crore shares outstanding.

Investment Rationale
The stock has given a consolidation breakout.

Promoter/FII Holdings
Promoters held 56.74 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.92 per cent, DIIs 6.56 per cent.