Why Quess Corp is very good investment
In my opinion; Quess Corp is a very good investment for long term. As of now yes PE looks high.
For country like India; where we have huge young population where everyone is not perfect fit for IT ( Information Technology ) ; Quess fits in perfectly providing a good mix of blue and white collar jobs.
Talking about Financials:
- MarketCap/Sales is at all time low. As we can see in following chart Sales have been constantly increasing.
2. Another key metrics I measure is Price to Book. These two metrics are more stable ( rather than PE for any company which can be very volatile) and most important for me for long term. Book value has been constant for last few years.
3. Very solid management. Never any corporate governance issues.
Conclusion: My opinion is NOT to buy in bulk; but in small chunks. This will be multi-bagger once Fed starts cutting interest rates ( sometime next year ).
P.S: Latest PPT for Investors from them https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ef15697-40c7-4772-999e-ada15b0b7273.pdf
And yes I have invested in this stock. And I will continue to invest more slowly.