On 6 Nov 2026, Expleo Solutions was priced at ₹830.60, or 9.4× trailing earnings, against an industry P/E of 17.7×, and the shares are 29% below their 52-week high. Sales grew 7.0% a year over 3 years while net profit fell 2.5%, with ROCE of 21% and ROE of 18%. It carries very little debt, and its dividend yield is 13%. It is a small-cap company with a market cap of ₹1,289 Cr, ranked 39th of 126 Information Technology Services companies by market cap; the shares fell 18% over the past year.
- ₹823.00
- ₹840.00
- ₹813.00
- ₹824.10
- 6.4K
Health check
- ReturnsBehind
−17.8% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 9.4 vs industry 17.7.
- GrowthSlow
Sales +7.0%, profit −2.5% a year over 3 years.
- ProfitabilityAverage
ROCE 20.6% vs peer median 27.2%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,289 Cr
- Small cap
- P/E
- 9.4
- Industry 17.7
- Price to book
- 1.66
- Peers 5.20
- Dividend yield
- 13.24%
- ROE
- 17.6%
- Peers 22.9%
- ROCE
- 20.6%
- Peers 27.2%
- Debt to equity
- 0.01
- Debt ₹7.85 Cr
- EPS (TTM)
- ₹88.75
- Face value ₹10
- OPM (TTM)
- 16.7%
- Net margin 12.1%
- Sales growth
- +12.3%
- Latest quarter vs a year ago
- Profit growth
- +67.3%
- Latest quarter vs a year ago
- Price to sales
- 1.13
- EV/EBITDA 5.4
Strengths and risks
Strengths
- Return on capital employed of 20.6%.
- Practically debt-free.
- Dividend yield of 13.24%.
- Quarterly profit up 67.3% on a year ago.
- P/E of 9.4 against an industry P/E of 17.7.
About Expleo Solutions
Expleo Solutions Limited, together with its subsidiaries, primarily provides software validation and verification services to the banking, financial services, and insurance industries worldwide. The company offers computer programming, consultancy and related services, quality management, software development, software testing, AI and digital transformation, product and process engineering, quality and testing, and customer support and maintenance…
- Headquarters
- Chennai
- Employees
- 3,968
- Sector
- Technology
- ISIN
- INE201K01015
- Website
- investors.expleo.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 17.8%
- From 52-week high
- minus 29.3%
Peers · Information Technology Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TCSTata Consultancy Services | 2,498.50 | plus 0.11% | 9,03,979 | 17.5 | 7.60 | 54.9% | 45.6% | 26.5% | 5.8% | 5.3% | 1.92% | minus 16.5% |
| INFYInfosys | 1,181.40 | plus 1.20% | 4,78,511 | 15.7 | 4.91 | 39.0% | 30.0% | 23.1% | 6.7% | 6.9% | 4.40% | minus 20.5% |
| HCLTECHHCL Technologies | 1,440.00 | plus 0.66% | 3,89,754 | 21.3 | 5.20 | 27.2% | 24.6% | 20.8% | 8.7% | 3.9% | 3.33% | minus 6.4% |
| WIPROWipro | 198.00 | minus 0.20% | 1,95,898 | 15.6 | 2.46 | 17.8% | 15.9% | 19.2% | 0.8% | 5.2% | 4.04% | minus 16.6% |
| TECHMTech Mahindra | 1,831.00 | plus 0.46% | 1,79,476 | 29.4 | 5.47 | 19.8% | 19.2% | 17.2% | 2.2% | −0.1% | 2.79% | plus 29.3% |
| LTMLTM | 4,338.00 | minus 1.25% | 1,28,620 | 24.6 | 4.97 | 25.4% | 21.0% | 17.9% | 8.4% | 4.4% | 1.80% | minus 21.8% |
| PERSISTENTPersistent Systems | 6,053.50 | minus 0.92% | 99,859 | 53.0 | 11.12 | 29.4% | 22.9% | 16.9% | 20.9% | 26.5% | 0.59% | plus 4.3% |
| EXPLEOSOLExpleo Solutions | 830.60 | plus 0.79% | 1,289 | 9.4 | 1.66 | 20.6% | 17.6% | 20.7% | 7.0% | −2.5% | 13.24% | minus 17.8% |
| Median of 7 peers | – | 0.11% | 1,95,898 | 21.3 | 5.20 | 27.2% | 22.9% | 19.2% | 6.7% | 5.2% | 2.79% | −16.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 260 | 283 | 279 | 286 | 292 | |
| 230 | 223 | 233 | 244 | 249 | |
| 29.7 | 59.4 | 46.1 | 42.7 | 42.3 | |
| 11.4% | 21.0% | 16.5% | 14.9% | 14.5% | |
| 6.9 | 0 | 10.4 | 12.6 | 6.9 | |
| 0.6 | 0.6 | 0.4 | 0.6 | 1.2 | |
| 7.7 | 7.4 | 7.3 | 5.9 | 3.9 | |
| – | – | −16.8 | 2.1 | – | |
| 28.4 | 51.4 | 31.9 | 50.9 | 44.2 | |
| 28.0% | 22.6% | 30.7% | 18.1% | 22.7% | |
| 20.4 | 39.8 | 22.1 | 41.7 | 34.2 | |
| 13.16 | 25.62 | 14.26 | 26.85 | 22.02 |
Profit & loss
- Sales CAGR 3Y
- +7.0%
- Profit CAGR 3Y
- −2.5%
- EPS CAGR 3Y
- −2.5%
- ROE
- 17.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 903 | 965 | 1,025 | 1,108 | |
| – | +6.8% | +6.2% | +8.1% | |
| 702 | 816 | 857 | 937 | |
| 201 | 149 | 168 | 171 | |
| 22.3% | 15.4% | 16.4% | 15.4% | |
| 14.9 | 7.5 | 11.6 | 31.6 | |
| 2.3 | 2.6 | 3.3 | 2.2 | |
| 27.9 | 33.7 | 39.3 | 28.3 | |
| 0.2 | −0.2 | 2.7 | −9.7 | |
| 186 | 120 | 139 | 163 | |
| 28.1% | 24.4% | 25.9% | 23.7% | |
| 134 | 90.4 | 103 | 124 | |
| – | minus 32.5% | +14.2% | +20.1% | |
| 86.27 | 58.27 | 66.52 | 79.89 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.5 | 15.5 | 15.5 | 15.5 | |
| 515 | 596 | 620 | 761 | |
| 26.3 | 26.1 | 29.8 | 7.9 | |
| 174 | 128 | 165 | 145 | |
| 730 | 765 | 831 | 929 | |
| 121 | 111 | 101 | 72.2 | |
| 6.1 | 4.5 | – | – | |
| 4.2 | 3.8 | 6.3 | 4.2 | |
| 153 | 196 | 217 | 354 | |
| 446 | 449 | 507 | 498 | |
| 730 | 765 | 831 | 929 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.1 | 71.3 | 179 | 119 | |
| −36 | −31.3 | −53.2 | 31.9 | |
| −6.6 | −15.2 | −87.1 | −9.5 | |
| −19.5 | 24.8 | 39.2 | 142 | |
| −44.2 | −17.5 | −7.9 | −3 | |
| −21.1 | 53.9 | 172 | 117 | |
| – | −7.8 | −77.6 | – |
Shareholding pattern
- Promoters71.05%
- Public28.95%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.05% | 28.95% | 0.00 | |
| 30 Jun 2026 | 71.05% | 28.95% | 0.00 | |
| 31 Mar 2026 | 71.05% | 28.95% | 0.00 | |
| 31 Dec 2025 | 71.05% | 28.95% | 0.00 | |
| 30 Sep 2025 | 71.05% | 28.95% | – |
Major shareholders
Filings & events
News
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