SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹867.95 -12.25 (-1.39%)

As on 04-Jun'26 16:59

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

₹867.95 -12.25 (-1.39%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,405 Cr.
Current Price
₹868
52-Week Low / High
₹644 / 1,366
TTM EPS
₹64.6
TTM Sales
₹939 Cr.
Book Value per Share
₹430.3
P/E Ratio
14.02
Lower than its 5-year historical median
Industry PE
23.6
Price to Book (P/B)
2.10
Lower than its 5-year historical median
Price to Sales (P/S)
1.50
Lower than its 5-year historical median
EV/EBITDA
5.98
Lower than its 5-year historical median
Dividend Yield
6.28%
Profitability Efficiency
Return on Equity (ROE)
17.22%
Outperforms industry median
Return on Capital Employed (ROCE)
23.70%
Outperforms industry median
Return on Assets (ROA)
13.58%
Operating Profit Margin
14.6%
Net Profit Margin
9.3%
Gross Profit Margin
15.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.21%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.09%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
17.56%
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

Expleo Solutions stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 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?
Q.1 Revenue growth of Expleo Solutions Ltd vs industry peers?
Expleo Solutions Ltd revenue CAGR is 30.55%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Expleo Solutions Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.1% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 55.1%36.4%42.2%46.2%44.9%46.2%41.8%42.7%21.7%23.7%-
Value Creation
Index
2.91.62.02.32.22.32.02.10.60.7-

Growth Parameters

Sales 2642602712832703017439039651,025939
Sales YoY Gr.--1.6%4.3%4.3%-4.4%11.4%146.8%21.7%6.8%6.2%-
Adj EPS 27.126.522.231.231.141.940.176.452.155.564.6
YoY Gr.--2.3%-16.1%40.5%-0.3%35%-4.4%90.7%-31.9%6.7%-
BVPS (₹) 81.897.394.699.7112.3155.9224.4304.8351.2362.2430.3
Adj Net
Profit
28.828.323.833.431.94362.211980.886.2100
Cash Flow from Ops. 46.614.154.654.214.136.61936.645.8135-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.3%30.6%11.3%6.2%
Adj EPS 8.3%12.3%11.5%6.7%
BVPS18%26.4%17.3%3.2%
Share Price -2.8% 7% -17.1% -16.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
33.429.623.132.128.731.224.528.915.915.616.3
Op. Profit
Mgn %
18.618.213.11818.421.416.221.514.514.615.4
Net Profit
Mgn %
10.910.98.811.811.814.38.413.18.48.410.7
Debt to
Equity
00000000000
Working Cap
Days
95110103778910891127143142122
Cash Conv.
Cycle
5864571721423350798399

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2642602712832703017439039651,025
Operating Expenses > + 215221236235221236622709825875
Manufacturing Costs8072988593208190205250
Material Costs0000007757
Employee Cost 106105115125113127362448530527
Other Costs > 2944111102231746638590
Operating Profit > 493936485064120194140150
Operating Profit Margin (%) 18.6%15.0%13.1%17.0%18.4%21.4%16.2%21.5%14.5%14.6%
Other Income > + 511366559310
Exceptional Items > 00100000010
Interest > 0000111233
Depreciation > 45656619273339
Profit Before Tax > 503543484963105174108128
Tax > 18121517141742502733
Profit After Tax 322228313545641238195
PAT Margin (%) 12.1%8.6%10.3%11.1%12.9%15.0%8.6%13.7%8.4%9.3%
Adjusted EPS (₹)30.021.026.229.434.144.141.079.452.361.4
Dividend Payout Ratio (%)80.10%114.50%91.80%0%0%0%0%6.30%0%81.40%

Valuation of Expleo Solutions - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 87104101107115160348473545562
Share Capital 11111111101016161616
Reserves 76939196105150333458529547
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables2111218302374433438
Others Liabilities 673039313744114118114111
Total Liabilities 156144152156182227537635692712

Fixed Assets

Net Fixed Assets +252722192625108140130112
Gross Block533031324347144196211249
Accumulated Depreciation2838141723365580137
CWIP 0000006650
Investments 44444444193
Inventories0000002000
Trade Receivables357457306472177221290262
Cash Equivalents flag 5530568470101143133133205
Others Assets 38101319182496131115129
Total Assets 156144152156182227537635692712

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 471455541437193746135
PBT 503543484963105174108128
Adjustment 412-1624-116303644
Changes in Working Capital 6-202623-24-1156-124-592
Tax Paid -13-13-14-23-12-19-26-43-39-38
Cash Flow From Investing Activity + 10-12-1824-8-283-36-3519
Capex -3-7-1-2-10-80-25-41-17-8
Net Investments 13-6-1925051273-2013
Others 11221122213
Cash Flow From Financing Activity + -39-31-31-26-29-3-10-7-15-87
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing -100000000-00
Interest Paid -000000-1-1-2-3
Dividend Paid -25-26-26-210000-8-78
Others -5-5-5-4-29-3-10-5-5-6
Net Cash Flow 18-29653-23612-6-467

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)37.0723.4527.3130.2331.532.9225.0430.0215.9317.22
ROCE (%)55.0836.3542.1546.1844.8846.1941.8342.7421.6923.7
Asset Turnover Ratio1.761.731.831.831.61.471.941.541.451.46
PAT to CFO Conversion(x)1.470.641.961.740.40.820.30.30.571.42
Working Capital Days
Receivable Days6276.4088.1056.1063.8082.9061.3080.4096.7098.40
Inventory Days0000001.10000
Payable Days0000002,707.402,983.602,8681,745.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Expleo Solutions Ltd FAQs

The current trading price of Expleo Solutions on 04-Jun-2026 16:59 is ₹868.0.

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 03-Jun-2026 the market cap of Expleo Solutions stood at ₹1,405.2 Cr

The latest P/E ratio of Expleo Solutions as of 03-Jun-2026 is 14.02.

The latest P/B ratio of Expleo Solutions as of 03-Jun-2026 is 2.10.

The 52-week high of Expleo Solutions is ₹1,366.1 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 Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Expleo Solutions Ltd is likely to Rise 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.
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×