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Expleo Solutions Ltd (EXPLEOSOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533121 NSE: EXPLEOSOL IT - Software | Small Cap | Expleo Solutions Share Price
₹809.10 -4.25 (-0.52%)
As on 05-Aug'26 14:39
Expleo Solutions Ltd (EXPLEOSOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533121 NSE: EXPLEOSOL IT - Software | Small Cap | Expleo Solutions Share Price
₹809.10 -4.25 (-0.52%)
As on 05-Aug'26 14:39
Key Metrics
Valuation Multiples
Market Cap
₹1,262 Cr.
Current Price
₹809.1
52-Week Low / High
₹644 / 1,236
TTM EPS
₹64.6
TTM Sales
₹939 Cr.
Book Value per Share
₹430.3
P/E Ratio
12.60
Lower than its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
1.89
Lower than its 5-year historical median
Price to Sales (P/S)
1.34
Lower than its 5-year historical median
EV/EBITDA
5.17
Lower than its 5-year historical median
Dividend Yield
13.6%
Profitability Efficiency
Return on Equity (ROE)
16.29%
Outperforms industry median
Return on Capital Employed (ROCE)
21.96%
Outperforms industry median
Return on Assets (ROA)
13.37%
Operating Profit Margin
15.7%
Net Profit Margin
10.67%
Gross Profit Margin
18.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.37%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-1.55%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
5.09%
Asset Quality
Promoter Holding
71.05%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹652 Cr.
Equity
₹15.5 Cr.
Face Value
₹10
All Time Low / High
₹30.10 / 1874.00
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Expleo Solutions Ltd a good quality company?
Expleo Solutions Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Expleo Solutions Ltd performance compare with that of its Peers?
Revenue growth of Expleo Solutions Ltd vs industry peers?
Expleo Solutions Ltd revenue CAGR is 25.56%, compared to the industry median CAGR of 3.19%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Expleo Solutions Ltd?
Promoters hold 71.05% of the Expleo Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Expleo Solutions Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.3% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Expleo Solutions Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 36.4% | 42.2% | 46.2% | 44.9% | 46.2% | 41.8% | 42.7% | 21.7% | 23.7% | 22% | - |
| Value Creation Index ⓘ | 1.6 | 2.0 | 2.3 | 2.2 | 2.3 | 2.0 | 2.1 | 0.6 | 0.7 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 260 | 271 | 283 | 270 | 301 | 743 | 903 | 965 | 1,025 | 939 | 939 |
| Sales YoY Gr. | - | 4.3% | 4.3% | -4.4% | 11.4% | 146.8% | 21.7% | 6.8% | 6.2% | -8.4% | - |
| Adj EPS ⓘ | 26.5 | 22.2 | 31.2 | 31.1 | 41.9 | 40.1 | 76.4 | 52.1 | 55.5 | 64.1 | 64.6 |
| YoY Gr. | - | -16.1% | 40.5% | -0.3% | 35% | -4.4% | 90.7% | -31.9% | 6.7% | 15.4% | - |
| BVPS (₹) ⓘ | 97.3 | 94.6 | 99.7 | 112.3 | 155.9 | 224.4 | 304.8 | 351.2 | 362.2 | 430.3 | 430.3 |
| Adj Net Profit ⓘ | 28.3 | 23.8 | 33.4 | 31.9 | 43 | 62.2 | 119 | 80.8 | 86.2 | 99.5 | 100 |
| Cash Flow from Ops. ⓘ | 14.1 | 54.6 | 54.2 | 14.1 | 36.6 | 19 | 36.6 | 45.8 | 135 | 153 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.3% | 25.6% | 1.3% | -8.4% | ||||
| Adj EPS ⓘ | 10.3% | 8.9% | -5.7% | 15.4% | ||||
| BVPSⓘ | 18% | 22.5% | 12.2% | 18.8% | ||||
| Share Price | -1.3% | -6.3% | -22.1% | -30.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 29.6 | 23.1 | 32.1 | 28.7 | 31.2 | 24.5 | 28.9 | 15.9 | 15.6 | 16.2 | 15 |
| Op. Profit Mgn % ⓘ | 18.2 | 13.1 | 18 | 18.4 | 21.4 | 16.2 | 21.5 | 14.5 | 14.6 | 15.7 | 15.4 |
| Net Profit Mgn % ⓘ | 10.9 | 8.8 | 11.8 | 11.8 | 14.3 | 8.4 | 13.1 | 8.4 | 8.4 | 10.6 | 10.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 110 | 103 | 77 | 89 | 108 | 91 | 127 | 143 | 142 | 147 | 122 |
| Cash Conv. Cycle ⓘ | 64 | 57 | 17 | 21 | 42 | 33 | 50 | 79 | 83 | 77 | 99 |
Valuation of Expleo Solutions - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 260 | 271 | 283 | 270 | 301 | 743 | 903 | 965 | 1,025 | 939 |
| Operating Expenses > ⓘ + | 221 | 236 | 235 | 221 | 236 | 622 | 709 | 825 | 875 | 791 |
| Operating Profit > ⓘ | 39 | 36 | 48 | 50 | 64 | 120 | 194 | 140 | 150 | 148 |
| Operating Profit Margin (%) | 15.0% | 13.1% | 17.0% | 18.4% | 21.4% | 16.2% | 21.5% | 14.5% | 14.6% | 15.7% |
| Other Income > ⓘ + | 1 | 13 | 6 | 6 | 5 | 5 | 9 | 3 | 10 | 30 |
| Interest > ⓘ | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 2 |
| Depreciation > ⓘ | 5 | 6 | 5 | 6 | 6 | 19 | 27 | 33 | 39 | 28 |
| Profit Before Tax > ⓘ | 35 | 43 | 48 | 49 | 63 | 105 | 174 | 108 | 128 | 133 |
| Tax > ⓘ | 12 | 15 | 17 | 14 | 17 | 42 | 50 | 27 | 33 | 33 |
| Profit After Tax | 22 | 28 | 31 | 35 | 45 | 64 | 123 | 81 | 95 | 100 |
| PAT Margin (%) | 8.6% | 10.3% | 11.1% | 12.9% | 15.0% | 8.6% | 13.7% | 8.4% | 9.3% | 10.7% |
| Adjusted EPS (₹) | 21.0 | 26.2 | 29.4 | 34.1 | 44.1 | 41.0 | 79.4 | 52.3 | 61.4 | 64.6 |
| Dividend Payout Ratio (%) | 114.50% | 91.80% | 0% | 0% | 0% | 0% | 6.30% | 0% | 81.40% | 170.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 104 | 101 | 107 | 115 | 160 | 348 | 473 | 545 | 562 | 668 | |
| Debt + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 11 | 12 | 18 | 30 | 23 | 74 | 43 | 34 | 38 | 43 | |
| Others Liabilities ⓘ | 30 | 39 | 31 | 37 | 44 | 114 | 118 | 114 | 111 | 76 | |
| Total Liabilities ⓘ | 144 | 152 | 156 | 182 | 227 | 537 | 635 | 692 | 712 | 787 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 27 | 22 | 19 | 26 | 25 | 108 | 140 | 130 | 112 | 72 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 5 | 0 | 0 | |
| Investments ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 19 | 3 | 6 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 74 | 57 | 30 | 64 | 72 | 177 | 221 | 290 | 262 | 239 | |
Cash Equivalents 
ⓘ
| 30 | 56 | 84 | 70 | 101 | 143 | 133 | 133 | 205 | 345 | |
| Others Assets ⓘ | 10 | 13 | 19 | 18 | 24 | 96 | 131 | 115 | 129 | 125 | |
| Total Assets ⓘ | 144 | 152 | 156 | 182 | 227 | 537 | 635 | 692 | 712 | 787 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 14 | 55 | 54 | 14 | 37 | 19 | 37 | 46 | 135 | 153 |
| Cash Flow From Investing Activity ⓘ + | -12 | -18 | 24 | -8 | -28 | 3 | -36 | -35 | 19 | -8 |
| Cash Flow From Financing Activity ⓘ + | -31 | -31 | -26 | -29 | -3 | -10 | -7 | -15 | -87 | -9 |
| Net Cash Flow ⓘ | -29 | 6 | 53 | -23 | 6 | 12 | -6 | -4 | 67 | 135 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.45 | 27.31 | 30.23 | 31.5 | 32.92 | 25.04 | 30.02 | 15.93 | 17.22 | 16.29 |
| ROCE (%) | 36.35 | 42.15 | 46.18 | 44.88 | 46.19 | 41.83 | 42.74 | 21.69 | 23.7 | 21.96 |
| Asset Turnover Ratio | 1.73 | 1.83 | 1.83 | 1.6 | 1.47 | 1.94 | 1.54 | 1.45 | 1.46 | 1.25 |
| PAT to CFO Conversion(x) | 0.64 | 1.96 | 1.74 | 0.4 | 0.82 | 0.3 | 0.3 | 0.57 | 1.42 | 1.53 |
| Working Capital Days | ||||||||||
| Receivable Days | 76.40 | 88.10 | 56.10 | 63.80 | 82.90 | 61.30 | 80.40 | 96.70 | 98.40 | 97.40 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 1.10 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 2,707.40 | 2,983.60 | 2,868 | 1,745.30 | 1,086.50 |
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Expleo Solutions Ltd FAQs
The current trading price of Expleo Solutions on 05-Aug-2026 14:39 is ₹809.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Aug-2026 the market cap of Expleo Solutions stood at ₹1,262.3 Cr
The latest P/E ratio of Expleo Solutions as of 04-Aug-2026 is 12.60.
The latest P/B ratio of Expleo Solutions as of 04-Aug-2026 is 1.89.
The 52-week high of Expleo Solutions is ₹1,236 and the 52-week low is ₹644.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Expleo Solutions is ₹939 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Expleo Solutions Ltd is a good quality company.
The key valuation ratios of Expleo Solutions Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Expleo Solutions Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Expleo Solutions Ltd
Expleo Solutions Limited (formerly known as SQS India BFSI Limited), incorporated on June 8, 1998 as a private limited company was converted into a public limited company with effect from August 19, 2008. The Company made its Initial Public Offering (IPO) of its Equity Shares on September 24, 2009 (issue open date) and shares under IPO were allotted on October 14, 2009. The Company’s shares were listed on the National Stock Exchange and Bombay Stock Exchange with effect from October 26, 2009.
The Company is a subsidiary of Expleo Technology Germany GmbH (formerly known as Expleo Technology Germany AG, Germany).
The company name has been changed from “Thinksoft Global Services Limited” to “SQS India BFSI Limited” and the trading symbol of the Company has been changed from THINKSOFT to SQSBFSI w.e.f. September 30, 2014. Further, the Company made an application for the change of name to the Registrar of Companies, Chennai and the Registrar of Companies had approved the application and had granted a new Certificate of Incorporation pursuant to change of name to “Expleo Solutions Limited” dated April 10, 2019.
Expleo was born in 2017, when the outsourced R&D division of Assystem became the independent company Assystem Technologies. In 2018, Assystem Technologies acquired SQS (Software Quality Systems AG) to form a single organisation, later joined by management consultants Moorhouse and then Stirling Dynamics, a marine and aerospace specialist.
Expleo is now the unique provider of end-to-end, integrated engineering, quality services & management consulting for digital transformation. In today’s climate of unrelenting change, it brings the right mix of expertise, and the right balance of boldness and reliability, to meet its clients’ business needs.
Business area of the company
The Company is an India based software service provider primarily delivering software validation and verification services to the banking, financial services and insurance industry worldwide. The Company has invested in four wholly owned subsidiaries in Singapore, USA, UK and UAE for market development and service delivery in the respective regions.
Services
Consulting
- Business agility
- Digital business
- Transformation delivery
Engineering
- Design
- Production
- In-service support
History & Milestones
- 1966: ATEM engineering firm (to become Assystem in 1995) founded in Paris, France to develop plants in the steel and nuclear industries.
- 1982: SQS founded in Colonge, Germany
- 1997: Assystem opens its first German subsidiary, in Hamburg.
- 2013: SQS acquires a majority stake in Thinksoft Global Services Ltd, greatly increasing its activity from Indian offshore centres.
- 2015: SQS acquires management consultancy firm Trissential LLC in the US.
- 2017: The outsourced R&D division of Assystem SA, Global Product Solutions (GPS), breaks away to become an independent company, Assystem Technologies, opening new growth opportunities.
- 2018: Assystem Technologies acquires Stirling Dynamics, a UK-based marine and aerospace engineering specialist.
- 2018: Assystem Technologies acquires Moorhouse, a UK-based management consultancy.
- 2018: Assystem Technologies acquires SQS Software Quality Systems AG (SQS).
- 2019: Assystem Technologies group of companies becomes Expleo.
- 2019: Expleo supports clients by opening offices in Australia, Czech Republic, Philippines and Russia.
- 2020: Expleo celebrates the one-year anniversary of its relaunch under a new identity.
- 2020: Rajesh Krishnamurthy appointed CEO of Expleo to lead next step of services and delivery model transformation.
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