Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) HR Services Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies16
  • 7D-2.5%
  • 3M-10.0%
  • 1Y-51.4%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 2.3%, driven by Quess declining 4.6%. However, the industry is down 53% over the past year. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025₹89.8b₹302.8b₹2.9b19.1x30.7x0.3x
Sat, 11 Oct 2025₹94.8b₹299.1b₹2.9b18.8x33x0.3x
Mon, 08 Sep 2025₹98.5b₹298.8b₹2.9b18.5x34.4x0.3x
Wed, 06 Aug 2025₹131.9b₹298.3b₹2.8b26.2x46.5x0.4x
Fri, 04 Jul 2025₹139.8b₹293.7b₹2.8b24.4x50.8x0.5x
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
Price to Earnings Ratio

27.9x


Total Market Cap: ₹116.0bTotal Earnings: ₹4.2bTotal Revenue: ₹239.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian HR Services Industry Price to Earnings3Y Average 31.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Human Resource and Employment Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 31.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.1% 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 Market0.20%
Industrials0.18%
Professional Services0.99%
HR Services-2.50%
Research and Consulting Services1.55%
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
TEAMLEASE TeamLease Services₹1.70k0.7%
+₹184.5m		-37.5%PE24.3x
AISL ANI Integrated Services₹89.452.8%
+₹25.4m		-52.9%PE10.2x
EMAPARTNER EMA Partners India₹101.900.6%
+₹15.1m		n/aPE18.8x
501370 Walchand PeopleFirst₹139.103.7%
+₹14.2m		-18.8%PE14.6x
ACEINTEG Ace Integrated Solutions₹23.891.0%
+₹2.4m		-21.1%PS3.8x

Latest News

WHITEFORCE
₹66.05
Happy Square Outsourcing Services
7D
-4.6%
1Y
n/a
TEAMLEASE
₹1,698.90
TeamLease Services
7D
0.7%
1Y
-37.5%

TeamLease Services' (NSE:TEAMLEASE) Earnings Are Built On Soft Foundations

Nov 12
TeamLease Services' (NSE:TEAMLEASE) Earnings Are Built On Soft Foundations
SPECTSTM
₹83.45
Spectrum Talent Management
7D
-13.1%
1Y
-55.0%

Capital Allocation Trends At Spectrum Talent Management (NSE:SPECTSTM) Aren't Ideal

Nov 12
Capital Allocation Trends At Spectrum Talent Management (NSE:SPECTSTM) Aren't Ideal
QUESS
₹219.40
Quess
7D
-4.6%
1Y
-65.5%

QUESS: Upcoming Board Meeting Is Expected To Support Bullish Sentiment

Analysts have revised their price target for Quess from ₹382.44 to ₹355.78, reflecting adjustments for a slightly higher discount rate and changes in future profit projections. What's in the News Quess Corp Limited has scheduled a Board Meeting on October 29, 2025 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025 (Board Meeting).
AISL
₹89.45
ANI Integrated Services
7D
2.8%
1Y
-52.9%
501370
₹139.10
Walchand PeopleFirst
7D
3.7%
1Y
-18.8%
DYNAMIC
₹99.55
Dynamic Services & Security
7D
-6.3%
1Y
-70.7%

With EPS Growth And More, Dynamic Services & Security (NSE:DYNAMIC) Makes An Interesting Case

Nov 05
With EPS Growth And More, Dynamic Services & Security (NSE:DYNAMIC) Makes An Interesting Case
543806
₹565.00
Itcons E-Solutions
7D
-3.1%
1Y
-1.4%
INFOLLION
₹385.40
Infollion Research Services
7D
-2.7%
1Y
-14.8%

We Don’t Think Infollion Research Services' (NSE:INFOLLION) Earnings Should Make Shareholders Too Comfortable

Oct 28
We Don’t Think Infollion Research Services' (NSE:INFOLLION) Earnings Should Make Shareholders Too Comfortable
VINSYS
₹396.00
Vinsys IT Services India
7D
-0.5%
1Y
9.2%
IPSL
₹280.00
Integrated Personnel Services
7D
-6.7%
1Y
-4.6%
EMAPARTNER
₹101.90
EMA Partners India
7D
0.6%
1Y
n/a
ACEINTEG
₹23.89
Ace Integrated Solutions
7D
1.0%
1Y
-21.1%