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Indian (NIFTY) HR Services Industry Analysis

UpdatedApr 25, 2025
DataAggregated Company Financials
Companies16
  • 7D5.5%
  • 3M-31.9%
  • 1Y-34.0%
  • YTDn/a

In the last week, the HR Services industry is up 8.9%, with Quess up 15%. Meanwhile, Spectrum Talent Management actually underperformed within the industry, shrinking 5.1% in the last week. In contrast, the industry has lost 34% in the last 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 25 Apr 2025₹114.4b₹342.1b₹5.9b21.3x19.4x0.3x
Sun, 23 Mar 2025₹160.8b₹342.0b₹5.9b20.5x27.4x0.5x
Tue, 18 Feb 2025₹150.2b₹342.0b₹5.9b23.8x25.6x0.4x
Thu, 16 Jan 2025₹169.0b₹329.2b₹5.6b29.6x30.3x0.5x
Sat, 14 Dec 2024₹179.8b₹329.2b₹5.6b32.4x32.2x0.5x
Mon, 11 Nov 2024₹181.7b₹327.2b₹5.5b34.5x33.1x0.6x
Wed, 09 Oct 2024₹188.3b₹317.5b₹5.3b30.8x35.6x0.6x
Fri, 06 Sep 2024₹199.8b₹317.5b₹5.3b25.8x37.7x0.6x
Sun, 04 Aug 2024₹177.7b₹317.3b₹5.3b25.8x33.6x0.6x
Tue, 02 Jul 2024₹165.0b₹309.1b₹4.8b22.7x34.4x0.5x
Thu, 30 May 2024₹158.5b₹307.1b₹4.9b21.9x32.2x0.5x
Sat, 27 Apr 2024₹169.4b₹297.4b₹4.2b23.6x40.6x0.6x
Mon, 25 Mar 2024₹138.0b₹297.4b₹4.2b18.8x33.1x0.5x
Wed, 21 Feb 2024₹148.5b₹297.4b₹4.2b20.2x35.6x0.5x
Fri, 19 Jan 2024₹146.4b₹289.3b₹4.4b18.8x33x0.5x
Sun, 17 Dec 2023₹135.7b₹289.3b₹4.4b16.1x30.6x0.5x
Tue, 14 Nov 2023₹131.8b₹287.7b₹4.4b17.1x29.9x0.5x
Thu, 12 Oct 2023₹123.1b₹279.8b₹4.1b16.8x29.7x0.4x
Sat, 09 Sep 2023₹125.6b₹279.9b₹4.2b19.2x30.2x0.4x
Mon, 07 Aug 2023₹114.3b₹278.5b₹4.0b19.2x28.7x0.4x
Wed, 05 Jul 2023₹117.6b₹265.3b₹4.0b17x29.1x0.4x
Fri, 02 Jun 2023₹105.1b₹259.9b₹3.8b15.6x28x0.4x
Sun, 30 Apr 2023₹95.6b₹251.0b₹4.2b17.1x22.5x0.4x
Tue, 28 Mar 2023₹95.0b₹251.0b₹4.2b15.1x22.4x0.4x
Thu, 23 Feb 2023₹104.6b₹250.8b₹4.2b13.1x24.7x0.4x
Sat, 21 Jan 2023₹104.1b₹240.1b₹4.2b21.1x24.9x0.4x
Mon, 19 Dec 2022₹114.8b₹240.1b₹4.2b22x27.5x0.5x
Wed, 16 Nov 2022₹117.7b₹239.5b₹4.2b22.6x28.3x0.5x
Fri, 14 Oct 2022₹142.8b₹223.0b₹3.3b18.6x43.8x0.6x
Sun, 11 Sep 2022₹152.3b₹222.9b₹3.3b14.9x46.8x0.7x
Tue, 09 Aug 2022₹142.5b₹212.5b₹3.0b15.2x47x0.7x
Thu, 07 Jul 2022₹148.7b₹207.4b₹3.0b19x49.1x0.7x
Sat, 04 Jun 2022₹162.8b₹206.7b₹3.0b24.6x54.1x0.8x
Mon, 02 May 2022₹174.3b₹193.7b₹1.5b52x114x0.9x
Price to Earnings Ratio

114x


Total Market Cap: ₹174.3bTotal Earnings: ₹1.5bTotal Revenue: ₹193.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian HR Services Industry Price to Earnings3Y Average 35x202320242025
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 19.5x which is lower than its 3-year average PE of 35.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 56% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market2.30%
Industrials2.11%
Professional Services3.20%
HR Services5.55%
Research and Consulting Services3.92%
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
QUESS Quess₹349.256.3%
+₹3.1b
-44.2%PE14x
TEAMLEASE TeamLease Services₹1.99k6.8%
+₹2.1b
-39.4%PE32.9x
INFOLLION Infollion Research Services₹545.3520.2%
+₹887.7m
150.4%PE51.4x
EMAPARTNER EMA Partners India₹120.2010.6%
+₹268.5m
n/aPE18x
DYNAMIC Dynamic Services & Security₹173.408.0%
+₹177.3m
-23.8%PE20.8x
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Latest News

INFOLLION

₹545.35

Infollion Research Services

7D

20.2%

1Y

150.4%

544393

₹37.88

Infonative Solutions

7D

-18.5%

1Y

n/a

501370

₹145.15

Walchand PeopleFirst

7D

9.1%

1Y

-34.0%

QUESS

₹349.25

Quess

7D

6.3%

1Y

-44.2%

SERVICE

₹65.00

Service Care

7D

3.3%

1Y

14.8%

SPECTSTM

₹133.00

Spectrum Talent Management

7D

-4.9%

1Y

38.0%

TEAMLEASE

₹1,985.00

TeamLease Services

7D

6.8%

1Y

-39.4%

ACEINTEG

₹25.95

Ace Integrated Solutions

7D

-0.1%

1Y

-27.5%

543806

₹511.65

Itcons E-Solutions

7D

-4.5%

1Y

860.8%

AISL

₹98.50

ANI Integrated Services

7D

-7.6%

1Y

-22.1%

DYNAMIC

₹173.40

Dynamic Services & Security

7D

8.0%

1Y

-23.8%

EMAPARTNER

₹120.20

EMA Partners India

7D

10.6%

1Y

n/a