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Top Staffing and Business Services Stocks Compared: Quess Corp vs TeamLease Services vs Updater Services vs Firstsource Solutions vs CMS Info Systems on Price, Valuation, Q2 FY27 Results and Risks

Previous close: Quess Corp Rs 342.45, TeamLease Services Rs 1,005.80, Updater Services Rs 217.82, Firstsource Solutions Rs 287.70, CMS Info Systems Rs 215.51.


13 Nov 2026 • 9:38 am

Top Staffing and Business Services Stocks Compared: Quess Corp vs TeamLease Services vs Updater Services vs Firstsource Solutions vs CMS Info Systems on Price, Valuation, Q2 FY27 Results and Risks

Quick Answer

This staffing and business services stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Quess Corp, TeamLease Services, Updater Services, Firstsource Solutions and CMS Info Systems. Firstsource Solutions is the largest by market capitalisation at Rs 20,377 crore. Quess Corp reports the highest return on equity at 23.29%. Staffing and outsourcing firms earn on headcount and contract wins, so read margins and returns next to every multiple.

Staffing and business services stocks compared here means Quess Corp, TeamLease Services, Updater Services, Firstsource Solutions and CMS Info Systems on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes a large staffing and workforce firm, a staffing and payroll firm, a facility and business support firm, a business process outsourcing firm and a cash logistics and technology firm, so each name earns from a different kind of contract, which is exactly why a side-by-side look helps.

Quess Corp, TeamLease Services, Updater Services and Firstsource Solutions have filed their September 2026 quarter, so their results below are Q2 FY27. CMS Info Systems has reported only the June 2026 quarter so far. Staffing and service firms follow hiring demand, contract wins and wage costs, so a glance at the Nifty 500 page and the Sensex page before you read the tables gives useful backdrop.

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Table of Contents

Staffing and Business Services Stocks Compared: Five Service Firms

The staffing and business services stocks compared here are Quess Corp, TeamLease Services, Updater Services, Firstsource Solutions and CMS Info Systems. Firstsource Solutions is the largest by market capitalisation at Rs 20,377 crore. Previous closes run from Rs 215.51 for CMS Info Systems to Rs 1,005.80 for TeamLease Services, which is why a side-by-side look at value rather than price is more useful. This staffing and business services stocks compared list is the base for every table that follows.

Stock Previous close (Rs) Market cap (Rs crore)
Quess Corp 342.45 5,109
TeamLease Services 1,005.80 1,533
Updater Services 217.82 1,460
Firstsource Solutions 287.70 20,377
CMS Info Systems 215.51 3,449

A quick look at the business behind each ticker puts the numbers in context. Quess Corp offers staffing, workforce and facility management services to large employers, while TeamLease Services offers staffing, payroll and skills training services to employers. Updater Services offers facility, security and business support services to corporate clients, and Firstsource Solutions offers customer experience and business process services to global clients. To compare staffing and business services stocks properly, line up price to earnings, return on equity and dividend yield before forming a view.

Rounding out the group, CMS Info Systems manages cash logistics and technology services for banks and retailers. A fair staffing and business services stock comparison looks at what each company actually earns from, not only at the share price. Staffing firms, outsourcing firms and logistics service firms belong in separate mental boxes whenever you compare staffing and business services stocks fairly.

Staffing and Business Services Stocks Valuation: Multiples, Returns and Payouts

TeamLease Services trades at the lowest price to earnings ratio in this group at 10.50. Quess Corp reports the highest return on equity at 23.29%. Updater Services has the lowest price to book value at 1.32. These staffing and business services stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this staffing and business services stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.

Stock Price to earnings Price to book ROE (%) Dividend yield (%) Debt to equity
Quess Corp 18.50 4.32 23.29 3.22 0.11
TeamLease Services 10.50 1.78 16.69 0.14
Updater Services 15.14 1.32 8.96 0.04
Firstsource Solutions 28.14 4.17 17.49 1.88 0.60
CMS Info Systems 11.75 1.42 12.47 2.51 0.09

Staffing and service firms are valued on price to earnings and return on equity, while dividend yield shows how much each pays back. The industry multiple helps you judge whether the market prices a firm for faster growth or steadier earnings. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple staffing and business services stock comparison like this one is only as useful as the context behind it, which is why dividend yield is worth checking as well.

In this group, price to earnings runs from 10.50 for TeamLease Services to 28.14 for Firstsource Solutions. Quess Corp offers the highest dividend yield at 3.22%. Industry price to earnings readings differ by sub-sector: Quess Corp at 13.76; TeamLease Services, Updater Services and CMS Info Systems at 36.26; Firstsource Solutions at 19.08. The industry price to earnings is a handy anchor: a stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built staffing and business services stock comparison also notes that headcount, contracts and wage costs can move results between quarters. Run the same staffing and business services stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare staffing and business services stocks, note whether a premium is backed by returns or only by size.

Staffing and Business Services Stocks Q2 FY27 Results: Revenue and Profit Check

Four of the five staffing and business services stocks compared have filed Q2 FY27 numbers. Firstsource Solutions posted the fastest revenue growth at 22.2% year on year. Updater Services showed the sharpest rise in net profit at 62.2%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this staffing and business services stocks compared review as a snapshot of one quarter, not a verdict on any services firm.

Stock Q2 FY27 revenue (Rs crore) Q2 FY26 revenue (Rs crore) Q2 FY27 net profit (Rs crore) Q2 FY26 net profit (Rs crore)
Quess Corp 4,399 3,836 74.7 51.8
TeamLease Services 3,086 3,041
Updater Services 817.1 734.9 32.1 19.8
Firstsource Solutions 2,824 2,311 232.4 179.5

Quess Corp Results Snapshot

In the September 2026 quarter, Quess Corp booked revenue of Rs 4,399 crore against Rs 3,836 crore in the same quarter last year, a rise of 14.7%. Net profit rose 44.2% to Rs 74.7 crore from Rs 51.8 crore. Net profit margin improved to 1.7% from 1.4%. Earnings per share for the quarter rose to Rs 4.96 from Rs 3.45.

TeamLease Services Results Snapshot

TeamLease Services' Q2 FY27 top line stood at Rs 3,086 crore, versus Rs 3,041 crore in Q2 FY26, a rise of 1.5%.

Updater Services Results Snapshot

Updater Services reported Q2 FY27 revenue of Rs 817.1 crore, compared with Rs 734.9 crore a year earlier, a rise of 11.2%. Net profit rose 62.2% to Rs 32.1 crore from Rs 19.8 crore. Operating margin expanded to 5.9% from 5.1% a year ago. Earnings per share for the quarter rose to Rs 4.82 from Rs 2.96.

Firstsource Solutions Results Snapshot

In the September 2026 quarter, Firstsource Solutions booked revenue of Rs 2,824 crore against Rs 2,311 crore in the same quarter last year, a rise of 22.2%. Net profit rose 29.5% to Rs 232.4 crore from Rs 179.5 crore. Operating margin expanded to 16.6% from 16.3% a year ago. Earnings per share for the quarter rose to Rs 3.31 from Rs 2.54.

CMS Info Systems Results Snapshot

CMS Info Systems has reported only its Q1 FY27 numbers so far, with revenue of Rs 649.8 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.

Staffing and service results depend on headcount growth, contract wins, wage costs and margins, so profit can look different from revenue in a single quarter. That is why a staffing and business services stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a staffing and business services stocks compared review becomes a map of the sector rather than a price list. When you compare staffing and business services stocks after each result season, track how dividend yield changes from one quarter to the next. A staffing and business services stock comparison built on one quarter of data is a starting point, and the next set of results will update it.

Staffing and Business Services Stocks Compared Two at a Time: Three Pairings

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare staffing and business services stocks two at a time.

Quess Corp vs TeamLease Services

Quess Corp and TeamLease Services both offer staffing and workforce services to employers. On price to earnings, TeamLease Services carries the lower multiple at 10.50 against 18.50 for Quess Corp. Quess Corp reports the higher return on equity, at 23.29% against 16.69% for TeamLease Services. In Q2 FY27, Quess Corp grew revenue faster, at 14.7% year on year against 1.5% for TeamLease Services. Both depend on hiring demand, so read growth next to valuation before you judge either multiple.

Updater Services vs Firstsource Solutions

Updater Services offers facility and business support, while Firstsource Solutions offers customer experience and business process services. Firstsource Solutions is about 14.0 times the size of Updater Services by market capitalisation, at Rs 20,377 crore against Rs 1,460 crore. Firstsource Solutions reports the higher return on equity, at 17.49% against 8.96% for Updater Services. In Q2 FY27, Firstsource Solutions grew revenue faster, at 22.2% year on year against 11.2% for Updater Services. Two outsourcing models with different clients are priced differently, so read returns and valuation together.

CMS Info Systems vs Quess Corp

CMS Info Systems manages cash logistics and technology for banks and retailers, while Quess Corp offers workforce and facility services. Quess Corp is about 1.5 times the size of CMS Info Systems by market capitalisation, at Rs 5,109 crore against Rs 3,449 crore. On price to earnings, CMS Info Systems carries the lower multiple at 11.75 against 18.50 for Quess Corp. Quess Corp reports the higher return on equity, at 23.29% against 12.47% for CMS Info Systems. A cash logistics firm and a staffing firm earn differently, so read the business mix before you read the ratio.

Best Staffing and Business Services Stocks for Each Type of Investor

Which of the best staffing and business services stocks is right for you depends on your priorities, so the table below lists the leader on each measure instead of crowning one name. Any staffing and business services stocks compared table can mislead if you stop at one row, because each services firm leads on a different measure. Used with care, a staffing and business services stock comparison turns scattered ratios into a short list of questions worth asking.

If you care most about Start your research with The number
Lowest price to earnings TeamLease Services 10.50
Highest return on equity Quess Corp 23.29%
Highest dividend yield Quess Corp 3.22%
Lowest price to book value Updater Services 1.32
Largest by market capitalisation Firstsource Solutions Rs 20,377 crore
Fastest Q2 FY27 revenue growth Firstsource Solutions 22.2%
Sharpest Q2 FY27 net profit rise Updater Services 62.2%

No single name tops every row, which is exactly why a staffing and business services stock comparison helps. Scale, margins, returns and valuation each point to a different firm, so decide what matters most to you before you rank the numbers.

What Is Driving Demand for Staffing and Outsourced Services Right Now?

More firms are outsourcing hiring, facility management and back office work, which keeps staffing and service providers growing. Formal hiring trends add to demand for payroll and compliance services. Knowing what moves hiring demand and contract wins helps you compare staffing and business services stocks with the right questions in mind.

Headcount growth, contract wins and cost control decide margins. Scale and long client relationships help these firms hold on to steady revenue. A good staffing and business services stocks compared routine therefore tracks headcount, contracts and margins. The sector backdrop helps every name here, but a staffing and business services stock comparison shows it does not help them equally.

Risks to Weigh When You Compare Staffing and Business Services Stocks

Staffing and business services stocks depend on hiring demand, contract renewals, wage costs and regulation. Margins are thin in some segments, so read each filing for headcount, margin and client commentary before you compare them. Every staffing and business services stock comparison has blind spots, and for this group the biggest is hiring demand and contract wins. A thoughtful staffing and business services stocks compared review keeps these risks next to the numbers instead of in a footnote.

Because headcount, contracts and margins drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this staffing and business services stocks compared guide a balanced starting point.

How to Compare Staffing and Business Services Stocks and Build a Shortlist

Start by deciding whether you prefer staffing, facility services, business process outsourcing or cash logistics, because each responds to different triggers. Staffing names reward readers who track hiring trends, while outsourcing and logistics names reward those who track contract wins and renewals. Done step by step, this staffing and business services stocks compared routine becomes repeatable rather than a one-off exercise.

Then check valuation and returns, because premium multiples leave less room for slips in margins. Spreading your attention across one staffing name and one outsourcing or logistics name is a simple way to see both sides of the sector. Keep the shortlist of best staffing and business services stocks short enough that you can actually follow each company's quarterly results. When you compare staffing and business services stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter staffing and business services stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this staffing and business services stocks compared page after the next set of results to see which numbers have moved.

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Conclusion: Staffing and Business Services Stocks Compared at a Glance

This staffing and business services stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Firstsource Solutions leads on size and Quess Corp leads on return on equity, while the others bring their own strengths. Treat the staffing and business services stocks Q2 FY27 results and staffing and business services stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare staffing and business services stocks again next quarter, the same checklist of price to earnings, return on equity and dividend yield will work.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Staffing and Business Services Stocks Compared

Which are the top staffing and business services stocks compared in this article?

Ans. The staffing and business services stocks compared in this article are Quess Corp, TeamLease Services, Updater Services, Firstsource Solutions and CMS Info Systems. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so the group can be read in one sitting before you go deeper into any single company.

Which staffing and business services stock has the highest market capitalisation?

Ans. Among the five names, Firstsource Solutions has the highest market capitalisation at Rs 20,377 crore. Quess Corp follows at Rs 5,109 crore. Market value changes with every price move, which means the ranking can shuffle, so look at the latest figure on the exchange.

Which of these staffing and business services stocks has the lowest price to earnings ratio?

Ans. On staffing and business services stocks valuation, TeamLease Services has the lowest price to earnings ratio among these staffing and business services stocks at 10.50, based on the latest reported earnings. Firstsource Solutions sits at the other end at 28.14. Treat the lowest multiple as a place to start asking questions, because growth and business quality explain why investors pay more or less.

Which staffing and business services stock has the highest return on equity?

Ans. Quess Corp reports the highest return on equity in this group at 23.29%. In plain terms, return on equity tells you how hard shareholder funds are working. Read it across a few years and alongside debt, since a high ratio built on borrowing carries more risk.

How did staffing and business services stocks perform in Q2 FY27 results?

Ans. Four of the five names have filed Q2 FY27 numbers in our data. Firstsource Solutions recorded the fastest revenue growth at 22.2% year on year. Updater Services showed the sharpest net profit rise at 62.2%. For staffing and business services stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.

What are the main risks when you compare staffing and business services stocks?

Ans. Staffing and business services stocks depend on hiring demand, contract renewals, wage costs and regulation. Margins are thin in some segments, so read each filing for headcount, margin and client commentary before you compare them. Keep an eye on headcount, contracts and margins.

Which metrics matter most when you compare staffing and business services stocks?

Ans. Headcount growth, contract wins, operating margin and return on equity matter most for operating performance. Price to earnings and dividend yield show how the market values each firm. Read each company's filing for these along with the numbers in this article.

Which is the best staffing and business services stock to buy among these five?

Ans. The best staffing and business services stock depends on whether you value staffing, outsourcing or cash logistics, because the five names differ on all of these. On the numbers in this article, Firstsource Solutions has the largest market capitalisation; TeamLease Services has the lowest price to earnings; Quess Corp has the highest return on equity as well as the highest dividend yield. There is no clear winner across every measure, and nothing here is a recommendation. Let the tables narrow your list, confirm the numbers in the filings, and take advice from a SEBI-registered advisor before acting.

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