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Indian (NIFTY) HR Services Industry Analysis
UpdatedJul 28, 2026
DataAggregated Company Financials
Companies19
- 7D-1.7%
- 3M19.3%
- 1Y-13.3%
- YTDn/a
Over the last 7 days, the HR Services industry has dropped 1.7%, driven by TeamLease Services declining 6.4%. Overall the industry is down 13% in 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Indian HR Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Jul 2026 | ₹99.2b | ₹324.7b | ₹5.7b | 14.2x | 17.4x | 0.3x |
| Thu, 25 Jun 2026 | ₹95.1b | ₹324.7b | ₹5.7b | 13.4x | 16.6x | 0.3x |
| Sat, 23 May 2026 | ₹84.2b | ₹322.9b | ₹4.1b | 14.3x | 20.5x | 0.3x |
| Mon, 20 Apr 2026 | ₹82.5b | ₹319.7b | ₹2.4b | 15.3x | 33.9x | 0.3x |
| Wed, 18 Mar 2026 | ₹67.6b | ₹309.9b | ₹2.1b | 14.1x | 32.5x | 0.2x |
| Fri, 13 Feb 2026 | ₹80.3b | ₹306.7b | ₹2.0b | 17x | 39.8x | 0.3x |
| Sun, 11 Jan 2026 | ₹84.1b | ₹306.7b | ₹1.7b | 17.1x | 48.3x | 0.3x |
| Tue, 09 Dec 2025 | ₹84.2b | ₹306.7b | ₹1.7b | 18.9x | 48.2x | 0.3x |
| Thu, 06 Nov 2025 | ₹90.6b | ₹300.5b | ₹2.9b | 19.5x | 31.3x | 0.3x |
| Sat, 04 Oct 2025 | ₹97.2b | ₹299.1b | ₹2.9b | 20.4x | 33.8x | 0.3x |
| Mon, 01 Sep 2025 | ₹98.0b | ₹298.8b | ₹2.9b | 18.8x | 34.2x | 0.3x |
| Wed, 30 Jul 2025 | ₹139.9b | ₹294.6b | ₹2.8b | 23.1x | 50.6x | 0.5x |
| Fri, 27 Jun 2025 | ₹137.8b | ₹294.0b | ₹2.8b | 21.3x | 49.6x | 0.5x |
| Sun, 25 May 2025 | ₹112.6b | ₹290.7b | ₹2.7b | 24x | 42x | 0.4x |
| Tue, 22 Apr 2025 | ₹111.1b | ₹342.1b | ₹5.9b | 21x | 18.9x | 0.3x |
| Thu, 20 Mar 2025 | ₹154.9b | ₹342.0b | ₹5.9b | 20.5x | 26.4x | 0.5x |
| Sat, 15 Feb 2025 | ₹153.0b | ₹341.8b | ₹5.9b | 24.4x | 26.1x | 0.4x |
| Mon, 13 Jan 2025 | ₹168.5b | ₹329.2b | ₹5.6b | 30.6x | 30.2x | 0.5x |
| Wed, 11 Dec 2024 | ₹183.3b | ₹329.2b | ₹5.6b | 32.3x | 32.8x | 0.6x |
| Fri, 08 Nov 2024 | ₹182.9b | ₹327.2b | ₹5.5b | 34.3x | 33.3x | 0.6x |
| Sun, 06 Oct 2024 | ₹189.3b | ₹317.5b | ₹5.3b | 31.1x | 35.8x | 0.6x |
| Tue, 03 Sep 2024 | ₹192.1b | ₹317.5b | ₹5.3b | 25.6x | 36.3x | 0.6x |
| Thu, 01 Aug 2024 | ₹187.9b | ₹313.2b | ₹5.3b | 25x | 35.1x | 0.6x |
| Sat, 29 Jun 2024 | ₹159.1b | ₹309.1b | ₹4.8b | 22.5x | 33.2x | 0.5x |
| Mon, 27 May 2024 | ₹162.2b | ₹307.1b | ₹4.9b | 22x | 33x | 0.5x |
| Wed, 24 Apr 2024 | ₹167.8b | ₹297.4b | ₹4.2b | 22.3x | 40.2x | 0.6x |
| Fri, 22 Mar 2024 | ₹136.9b | ₹297.4b | ₹4.2b | 18.9x | 32.8x | 0.5x |
| Sun, 18 Feb 2024 | ₹144.9b | ₹297.4b | ₹4.2b | 17.2x | 34.7x | 0.5x |
| Tue, 16 Jan 2024 | ₹149.0b | ₹289.3b | ₹4.4b | 19.7x | 33.6x | 0.5x |
| Thu, 14 Dec 2023 | ₹129.8b | ₹289.3b | ₹4.4b | 16.6x | 29.3x | 0.4x |
| Sat, 11 Nov 2023 | ₹126.9b | ₹287.7b | ₹4.4b | 16.6x | 28.9x | 0.4x |
| Mon, 09 Oct 2023 | ₹123.6b | ₹279.8b | ₹4.1b | 17.2x | 29.9x | 0.4x |
| Wed, 06 Sep 2023 | ₹125.0b | ₹279.9b | ₹4.2b | 18.3x | 30x | 0.4x |
| Fri, 04 Aug 2023 | ₹113.3b | ₹278.4b | ₹4.0b | 16x | 28.4x | 0.4x |
Price to Earnings Ratio
28.4x
Current Industry PE
- Investors are pessimistic on the Indian Human Resource and Employment Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.4x which is lower than its 3-year average PE of 33.3x.
- The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
- The earnings for companies in the Human Resource and Employment Services industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 5.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian HR Services compare with similar industries?
| IN Market | -0.66% | |
| Industrials | -1.17% | |
| Professional Services | 0.76% | |
| HR Services | -1.71% | |
| Research and Consulting Services | 1.01% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QUESS Quess | ₹303.25 | 1.2% +₹539.8m | 1.3% | PE20.5x | |
| 543806 Itcons E-Solutions | ₹287.90 | 12.3% +₹283.8m | -45.8% | PE49.3x | |
| VINSYS Vinsys IT Services India | ₹527.55 | 2.9% +₹220.9m | 49.9% | PE26x | |
| SPECTSTM Spectrum Talent Management | ₹68.00 | 11.5% +₹161.7m | -38.0% | PE12.8x | |
| AISL ANI Integrated Services | ₹59.25 | 3.0% +₹18.1m | -36.0% | PE11.4x |