Expleo Solutions Ltd is an India-based software service provider primarily delivering software validation and verification services to the BFSI industry worldwide.[1]
Business Profile[1]Expleo Solutions Ltd is atechnology, engineering, and consulting services company.Their core business is helping other businesses (their clients) successfully build and run complex digital systems- making sure these systems are reliable, high quality, secure, and scalable.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | L&T Technology | 4392.60 | 36.42 | 46545.51 | 1.25 | 329.20 | 2.85 | 2979.50 | 15.80 | 28.29 | 11480.90 | 16.75 | 1277.90 | 328.70 | 7.52 | 13.92 | 0.10 |
| 2. | Inventurus Knowl | 1694.90 | 47.61 | 29028.24 | 0.00 | 180.72 | 59.93 | 781.09 | 21.52 | 27.20 | 2902.31 | 31.55 | 609.74 | 180.72 | 12.98 | 16.71 | 0.34 |
| 3. | Tata Technolog. | 683.50 | 40.02 | 27743.26 | 1.22 | 165.50 | 5.14 | 1323.33 | 2.07 | 25.80 | 5170.65 | 16.93 | 693.29 | 165.50 | 7.78 | 11.06 | 0.07 |
| 4. | Affle 3i | 1799.80 | 60.41 | 25331.65 | 0.00 | 110.51 | 20.13 | 646.72 | 19.13 | 16.82 | 2471.38 | 22.30 | 419.30 | 110.51 | 7.77 | 11.09 | 0.01 |
| 5. | Sagility | 51.99 | 30.47 | 24338.23 | 0.10 | 250.83 | 113.76 | 1658.50 | 25.17 | 9.58 | 6218.99 | 24.55 | 798.87 | 250.83 | 2.74 | 5.08 | 0.14 |
| 6. | Netweb Technol. | 3368.40 | 141.58 | 19090.70 | 0.07 | 31.43 | 20.05 | 303.72 | 20.98 | 32.45 | 1353.57 | 14.29 | 134.84 | 31.43 | 32.98 | 15.15 | 0.03 |
| 7. | Cyient | 1176.90 | 23.16 | 13061.31 | 2.21 | 142.90 | -34.47 | 1781.00 | -3.68 | 16.58 | 7328.40 | 13.90 | 563.86 | 117.36 | 2.35 | 8.87 | 0.08 |
| 8. | Expleo Solutions | 1004.50 | 17.71 | 1552.99 | 4.98 | 33.59 | 14.64 | 237.26 | -8.49 | 20.45 | 971.92 | 14.04 | 87.67 | 33.59 | 2.54 | 12.26 | 0.03 |
| – | Median: 61 Co. | 318.2 | 31.73 | 901.93 | 0.0 | 11.22 | 20.31 | 116.94 | 20.93 | 16.42 | 268.98 | 14.04 | 31.51 | 10.28 | 3.42 | 9.55 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 240 | 250 | 258 | 225 | 252 | 221 | 231 | 255 | 256 | 220 | 234 | 259 | 237 |
Expenses | 170 | 213 | 222 | 194 | 217 | 197 | 189 | 223 | 220 | 178 | 202 | 220 | 197 |
Operating Profit | 70 | 37 | 35 | 31 | 35 | 25 | 42 | 32 | 36 | 42 | 33 | 39 | 41 |
Other Income | 10 | 9 | 2 | 1 | 1 | 5 | 3 | 1 | 13 | 1 | 1 | 9 | 11 |
Profit before tax | 72 | 36 | 24 | 24 | 27 | 21 | 37 | 23 | 40 | 36 | 25 | 37 | 44 |
Tax % | 30% | 17% | 31% | 22% | 23% | 30% | 26% | 42% | 27% | 33% | 24% | 22% | 23% |
Net Profit | 50 | 30 | 17 | 18 | 20 | 15 | 28 | 13 | 29 | 24 | 19 | 29 | 34 |
EPS in Rs | 49.24 | 19.56 | 10.78 | 11.88 | 13.16 | 9.52 | 26.83 | 8.67 | 18.61 | 23.38 | 12.15 | 18.88 | 21.64 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 194 | 214 | 264 | 260 | 271 | 283 | 270 | 301 | 743 | 903 | 965 | 1,025 | 972 |
Expenses | 158 | 181 | 215 | 221 | 236 | 235 | 221 | 236 | 622 | 709 | 825 | 875 | 835 |
Operating Profit | 36 | 33 | 49 | 39 | 36 | 48 | 50 | 64 | 120 | 194 | 140 | 150 | 136 |
Other Income | 9 | 2 | 5 | 1 | 13 | 5 | 6 | 5 | 5 | 9 | 3 | 20 | 30 |
Interest | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 3 |
Depreciation | 6 | 5 | 4 | 5 | 6 | 5 | 6 | 6 | 19 | 27 | 33 | 39 | 35 |
Profit before tax | 37 | 28 | 50 | 35 | 43 | 48 | 49 | 63 | 105 | 174 | 108 | 128 | 128 |
Net Profit | 25 | 18 | 32 | 22 | 28 | 31 | 35 | 45 | 64 | 123 | 81 | 95 | 94 |
EPS in Rs | 24.78 | 17.52 | 29.95 | 20.96 | 26.15 | 29.35 | 34.09 | 44.15 | 62.03 | 120.22 | 52.26 | 61.43 | 60.55 |
Dividend Payout % | 36% | 137% | 80% | 114% | 92% | 0% | 0% | 0% | 0% | 6% | 0% | 81% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 11 | 11 | 11 | 11 | 11 | 10 | 10 | 16 | 16 | 16 | 16 | 16 |
Reserves | 84 | 74 | 77 | 93 | 91 | 96 | 105 | 150 | 333 | 458 | 529 | 547 | 597 |
Borrowings | 12 | 10 | 0 | 0 | 0 | 0 | 0 | 7 | 15 | 26 | 26 | 30 | 20 |
Other Liabilities | 25 | 49 | 69 | 42 | 52 | 52 | 68 | 62 | 178 | 135 | 125 | 132 | 150 |
Total Liabilities | 131 | 144 | 157 | 146 | 154 | 159 | 184 | 228 | 541 | 635 | 696 | 724 | 783 |
Fixed Assets | 27 | 24 | 25 | 27 | 22 | 19 | 26 | 25 | 108 | 140 | 130 | 112 | 91 |
Gross Block | 47.14 | 48.17 | 52.50 | 29.93 | 30.75 | 32.36 | 43.24 | 47.21 | 143.87 | 195.51 | 210.72 | 248.88 | – |
Accumulated Depreciation | 19.76 | 23.89 | 27.72 | 3.29 | 8.40 | 13.53 | 17.26 | 22.54 | 35.56 | 55.36 | 80.44 | 137.04 | – |
CWIP | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 5 | 0 | 0 |
Investments | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 19 | 3 | 6 |
Other Assets | 99 | 114 | 128 | 115 | 127 | 136 | 154 | 199 | 423 | 485 | 542 | 609 | 687 |
Total Assets | 131 | 144 | 157 | 146 | 154 | 159 | 184 | 228 | 541 | 635 | 696 | 724 | 783 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 20 | 28 | 47 | 14 | 55 | 54 | 14 | 37 | 19 | 37 | 46 | 135 |
Cash from Investing Activity | -1 | -6 | 11 | -14 | -17 | 24 | -7 | -27 | 2 | -37 | -36 | 21 |
Cash from Financing Activity | -13 | -11 | -39 | -31 | -31 | -26 | -29 | -3 | -10 | -7 | -15 | -87 |
Net Cash Flow | 6 | 10 | 19 | -31 | 7 | 52 | -21 | 7 | 11 | -7 | -5 | 69 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 94 | 48 | 104 | 76 | 39 | 87 | 88 | 87 | 89 | 110 | 93 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 97 | 94 | 48 | 104 | 76 | 39 | 87 | 88 | 87 | 89 | 110 | 93 |
Working Capital Days | 62 | 21 | -0 | 52 | 18 | -13 | 17 | 28 | 40 | 81 | 105 | 90 |
ROCE % | 39% | 29% | 55% | 36% | 41% | 46% | 45% | 45% | 40% | 41% | 21% | 20% |
Direct from BSE filings, auto-summarised
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Stock Analysis
Expleo Solutions Ltd is an India-based software service provider primarily delivering software validation and verification services to the BFSI industry worldwide. It is a technology, engineering, and consulting services company helping clients build and run complex digital systems.
Management expressed optimism for North America and Middle East growth, citing AI investments and operational enhancements.
Currently no data available for Order Book.
Receipt of an Income Tax order for AY 2012-13, raising a demand of ₹48.34 lakh due to MAT credit disallowance. While stated to have no material impact, such demands can sometimes lead to unforeseen implications or scrutiny.
Receipt of Income Tax order dated December 24, 2025, on January 14, 2026.
Corporate Announcements
