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Indian (NIFTY) HR Services Industry Analysis

UpdatedJun 01, 2025
DataAggregated Company Financials
Companies16
  • 7D-5.0%
  • 3M-27.9%
  • 1Y-32.0%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 5.0%, driven by pullbacks in Quess and TeamLease Services of 5.3% and 6.8%, respectively. Meanwhile, Aarvi Encon actually outperformed within the industry, gaining 8.2% in the last week. Overall the industry is down 32% in 12 months. Earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

Has the Indian HR Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Jun 2025₹107.0b₹290.3b₹2.7b22.5x39.8x0.4x
Tue, 29 Apr 2025₹111.8b₹342.1b₹5.9b22.2x19x0.3x
Thu, 27 Mar 2025₹158.0b₹342.0b₹5.9b20.6x26.9x0.5x
Sat, 22 Feb 2025₹152.5b₹342.0b₹5.9b24.7x26x0.4x
Mon, 20 Jan 2025₹173.4b₹329.2b₹5.6b31.6x31.1x0.5x
Wed, 18 Dec 2024₹187.6b₹329.2b₹5.6b31.5x33.6x0.6x
Fri, 15 Nov 2024₹169.6b₹327.2b₹5.5b32.9x30.9x0.5x
Sun, 13 Oct 2024₹186.6b₹317.5b₹5.3b32.6x35.2x0.6x
Tue, 10 Sep 2024₹197.3b₹317.5b₹5.3b25x37.3x0.6x
Thu, 08 Aug 2024₹174.9b₹317.3b₹5.3b25.8x33.1x0.6x
Sat, 06 Jul 2024₹166.4b₹309.1b₹4.8b24.4x34.7x0.5x
Mon, 03 Jun 2024₹152.5b₹307.1b₹4.9b22x31x0.5x
Wed, 01 May 2024₹168.9b₹297.4b₹4.2b23.7x40.5x0.6x
Fri, 29 Mar 2024₹139.5b₹297.4b₹4.2b18.3x33.4x0.5x
Sun, 25 Feb 2024₹146.6b₹297.4b₹4.2b20.7x35.2x0.5x
Tue, 23 Jan 2024₹143.6b₹289.3b₹4.4b18.8x32.7x0.5x
Thu, 21 Dec 2023₹137.3b₹289.3b₹4.4b15.7x31x0.5x
Sat, 18 Nov 2023₹131.3b₹287.9b₹4.4b14.6x29.7x0.5x
Mon, 16 Oct 2023₹124.8b₹279.7b₹4.1b17.4x30.2x0.4x
Wed, 13 Sep 2023₹123.0b₹279.9b₹4.2b18.3x29.5x0.4x
Fri, 11 Aug 2023₹161.1b₹278.5b₹4.0b19.7x40.4x0.6x
Sun, 09 Jul 2023₹116.0b₹265.3b₹4.0b16.9x28.7x0.4x
Tue, 06 Jun 2023₹106.7b₹260.1b₹3.7b15.8x28.5x0.4x
Thu, 04 May 2023₹94.5b₹251.0b₹4.2b16.9x22.2x0.4x
Sat, 01 Apr 2023₹97.7b₹251.0b₹4.2b17.5x23x0.4x
Mon, 27 Feb 2023₹102.8b₹250.8b₹4.2b14.7x24.3x0.4x
Wed, 25 Jan 2023₹104.2b₹240.1b₹4.2b21.3x25x0.4x
Fri, 23 Dec 2022₹110.1b₹240.1b₹4.2b21.8x26.4x0.5x
Sun, 20 Nov 2022₹116.0b₹239.9b₹4.2b24.1x27.9x0.5x
Tue, 18 Oct 2022₹140.7b₹223.0b₹3.3b19.6x43.1x0.6x
Thu, 15 Sep 2022₹151.9b₹222.9b₹3.3b16.2x46.7x0.7x
Sat, 13 Aug 2022₹145.9b₹212.5b₹3.0b14.6x48.1x0.7x
Mon, 11 Jul 2022₹149.0b₹207.4b₹3.0b19.6x49.2x0.7x
Wed, 08 Jun 2022₹158.8b₹207.4b₹3.0b22.6x52.4x0.8x
Price to Earnings Ratio

52.4x


Total Market Cap: ₹158.8bTotal Earnings: ₹3.0bTotal Revenue: ₹207.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian HR Services Industry Price to Earnings3Y Average 32.5x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Human Resource and Employment Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.8x which is higher than its 3-year average PE of 32.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 3.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Indian HR Services compare with similar industries?

IN Market0.44%
Industrials1.97%
Professional Services-0.96%
HR Services-4.98%
Research and Consulting Services-0.34%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AARVI Aarvi Encon₹118.918.2%
+₹133.5m
-13.6%PE17.3x
DYNAMIC Dynamic Services & Security₹172.455.3%
+₹119.6m
-23.0%PE20.7x
EMAPARTNER EMA Partners India₹110.001.8%
+₹45.3m
n/aPE20.3x
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Latest News

VINSYS

₹394.10

Vinsys IT Services India

7D

-5.9%

1Y

13.9%

543806

₹513.80

Itcons E-Solutions

7D

-4.2%

1Y

874.8%

EMAPARTNER

₹110.00

EMA Partners India

7D

1.8%

1Y

n/a

QUESS

₹313.75

Quess

7D

-5.3%

1Y

-44.7%

501370

₹135.55

Walchand PeopleFirst

7D

-9.6%

1Y

-36.7%

INFOLLION

₹468.90

Infollion Research Services

7D

-2.1%

1Y

120.1%

IPSL

₹260.10

Integrated Personnel Services

7D

-1.8%

1Y

62.6%

DYNAMIC

₹172.45

Dynamic Services & Security

7D

5.3%

1Y

-23.0%