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Indian (NIFTY) HR Services Industry Analysis
UpdatedSep 02, 2025
DataAggregated Company Financials
Companies16
- 7D-0.5%
- 3M-9.1%
- 1Y-50.8%
- YTDn/a
Last week, the HR Services industry hasn't moved much but TeamLease Services is up 4.4% in that time. Unfortunately though, the industry is down 51% over the past 12 months. As for the next few years, earnings are expected to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Wed, 03 Sep 2025 | ₹98.5b | ₹298.8b | ₹2.9b | 18.4x | 34.4x | 0.3x |
| Fri, 01 Aug 2025 | ₹136.5b | ₹294.6b | ₹2.8b | 26.5x | 49.4x | 0.5x |
| Sun, 29 Jun 2025 | ₹137.1b | ₹294.0b | ₹2.8b | 21.7x | 49.3x | 0.5x |
| Tue, 27 May 2025 | ₹110.2b | ₹290.5b | ₹2.7b | 23.7x | 41.1x | 0.4x |
| Thu, 24 Apr 2025 | ₹114.9b | ₹342.1b | ₹5.9b | 21.4x | 19.5x | 0.3x |
| Sat, 22 Mar 2025 | ₹160.8b | ₹342.0b | ₹5.9b | 20.5x | 27.4x | 0.5x |
| Mon, 17 Feb 2025 | ₹153.0b | ₹342.0b | ₹5.9b | 24.4x | 26x | 0.4x |
| Wed, 15 Jan 2025 | ₹167.6b | ₹329.2b | ₹5.6b | 29.8x | 30x | 0.5x |
| Fri, 13 Dec 2024 | ₹180.6b | ₹329.2b | ₹5.6b | 32.4x | 32.4x | 0.5x |
| Sun, 10 Nov 2024 | ₹181.7b | ₹327.2b | ₹5.5b | 34.5x | 33.1x | 0.6x |
| Tue, 08 Oct 2024 | ₹184.5b | ₹317.5b | ₹5.3b | 29.1x | 34.8x | 0.6x |
| Thu, 05 Sep 2024 | ₹198.5b | ₹317.5b | ₹5.3b | 25.8x | 37.5x | 0.6x |
| Sat, 03 Aug 2024 | ₹177.7b | ₹317.3b | ₹5.3b | 25.8x | 33.6x | 0.6x |
| Mon, 01 Jul 2024 | ₹159.1b | ₹309.1b | ₹4.8b | 22.5x | 33.2x | 0.5x |
| Wed, 29 May 2024 | ₹157.2b | ₹307.1b | ₹4.9b | 22x | 32x | 0.5x |
| Fri, 26 Apr 2024 | ₹167.9b | ₹297.4b | ₹4.2b | 23.5x | 40.3x | 0.6x |
| Sun, 24 Mar 2024 | ₹138.0b | ₹297.4b | ₹4.2b | 18.8x | 33.1x | 0.5x |
| Tue, 20 Feb 2024 | ₹150.8b | ₹297.4b | ₹4.2b | 19x | 36.1x | 0.5x |
| Thu, 18 Jan 2024 | ₹146.4b | ₹289.3b | ₹4.4b | 18.9x | 33x | 0.5x |
| Sat, 16 Dec 2023 | ₹135.7b | ₹289.3b | ₹4.4b | 16.1x | 30.6x | 0.5x |
| Mon, 13 Nov 2023 | ₹126.9b | ₹287.7b | ₹4.4b | 16.9x | 28.8x | 0.4x |
| Wed, 11 Oct 2023 | ₹121.8b | ₹279.8b | ₹4.1b | 17.1x | 29.4x | 0.4x |
| Fri, 08 Sep 2023 | ₹124.6b | ₹279.9b | ₹4.2b | 19.3x | 29.9x | 0.4x |
| Sun, 06 Aug 2023 | ₹114.3b | ₹278.5b | ₹4.0b | 19.2x | 28.7x | 0.4x |
| Tue, 04 Jul 2023 | ₹118.7b | ₹265.3b | ₹4.0b | 17.5x | 29.4x | 0.4x |
| Thu, 01 Jun 2023 | ₹103.5b | ₹259.9b | ₹3.8b | 15.8x | 27.6x | 0.4x |
| Sat, 29 Apr 2023 | ₹95.6b | ₹251.0b | ₹4.2b | 17.1x | 22.5x | 0.4x |
| Mon, 27 Mar 2023 | ₹95.4b | ₹251.0b | ₹4.2b | 15.5x | 22.4x | 0.4x |
| Wed, 22 Feb 2023 | ₹104.8b | ₹250.8b | ₹4.2b | 13.7x | 24.7x | 0.4x |
| Fri, 20 Jan 2023 | ₹104.0b | ₹240.1b | ₹4.2b | 21x | 24.9x | 0.4x |
| Sun, 18 Dec 2022 | ₹114.8b | ₹240.1b | ₹4.2b | 22x | 27.5x | 0.5x |
| Tue, 15 Nov 2022 | ₹115.0b | ₹239.5b | ₹4.2b | 22.6x | 27.7x | 0.5x |
| Thu, 13 Oct 2022 | ₹145.0b | ₹223.0b | ₹3.3b | 17.7x | 44.4x | 0.7x |
| Sat, 10 Sep 2022 | ₹152.3b | ₹222.9b | ₹3.3b | 14.9x | 46.8x | 0.7x |
Price to Earnings Ratio
46.8x
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 32.2x.
- The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
- The earnings for companies in the Human Resource and Employment Services industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 Market | -1.39% | |
| Industrials | -0.93% | |
| Professional Services | -0.73% | |
| HR Services | -0.47% | |
| Research and Consulting Services | -1.71% | |
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 | |
|---|---|---|---|---|---|
| TEAMLEASE TeamLease Services | ₹1.88k | 4.4% +₹1.3b | -40.9% | PE27.5x | |
| QUESS Quess | ₹273.10 | 2.5% +₹976.5m | -67.2% | PE85.5x | |
| IPSL Integrated Personnel Services | ₹375.00 | 6.6% +₹166.5m | 86.6% | PE45.6x | |
| SPECTSTM Spectrum Talent Management | ₹112.00 | 1.9% +₹48.5m | -12.0% | PE35.7x | |
| WHITEFORCE Happy Square Outsourcing Services | ₹85.05 | 3.7% +₹35.4m | n/a | PE16.6x |
