Expleo Solutions Limited (EXPLEOSOL)

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Expleo Solutions Limited (EXPLEOSOL) · mywealthgrid

About

Expleo Solutions Limited is an IT-enabled services provider operating as a mid-sized player in India's IT services sector, with a market capitalization of ₹1,265 Cr. Recent quarterly revenues range from ₹230–290 Cr with operating margins of 14–17%, reflecting a profitable but competitive operational profile.

Face value: ₹10

Market cap

₹1,316 Cr

P/E

9.0×

P/B

1.7×

Dividend yield

13%

ROE

19.9%

ROCE

24.1%

Debt / equity

OPM

15.3%

EPS (TTM)

₹93.7

Book value

₹500.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock declined 27.52% over the past year despite consistent profitability, suggesting market concerns beyond current earnings—verify what fundamental or competitive issue is driving the disconnect
Operating margins compressed from 17.3% (Dec 2025) to 14.5% (Jun 2026), narrowing the profit cushion—clarify whether this reflects sector-wide pricing pressure, client mix shifts, or cost inflation
FII and DII holdings are minimal (0.13% and 0.12% respectively) while promoters hold 71%, concentrating ownership and limiting institutional capital inflow
Verify revenue growth rate and customer concentration, as quarterly data alone does not reveal organic growth trajectory or key-customer dependency

Generated analysis · source review pending

Growth drivers

ROE of 19.89% indicates capital is deployed efficiently; verify if this efficiency can be sustained or expanded as the company scales
Zero debt (D/E 0) provides financial flexibility to fund growth or return capital; clarify how management plans to deploy this capacity
Recent dividend payments (most recently 2026-07-31) signal cash generation capability; verify if free cash flow is being reinvested in high-return businesses or returned to shareholders
Operating margins of 14–17% suggest operational discipline; verify whether these margins reflect pricing power, cost control, or favorable client mix that competitors cannot replicate

Generated analysis · source review pending

2,524 historical price candles were omitted because the exchange source has not been verified.

₹848.8-1.1%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.8%
+Profit CAGR of 22.7% over the last 5 years
+Revenue CAGR of 29.8% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 80.1×
+Dividend yield of 13%
+High promoter holding of 71.1% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 72
Growth: 48

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
L&T Technology Services LimitedLTTSLTTS	₹34,671 Cr	₹34,671 Cr	₹11,701 Cr	₹2,074 Cr	17.6%	₹1,320 Cr	11.7%	24.9%	20.4%	29
Inventurus Knowledge Solutions LimitedIKSIKS	₹30,483 Cr	₹31,124 Cr	₹3,347 Cr	₹1,149 Cr	34.2%	₹764 Cr	22.6%	33.8%	31.4%	39
Tata Technologies LimitedTATATECHTATATECH	₹28,378 Cr	₹29,044 Cr	₹5,926 Cr	₹920 Cr	15.5%	₹557 Cr	9.9%	19.3%	14.6%	33
Netweb Technologies India LimitedNETWEBNETWEB	₹25,721 Cr	—	₹724 Cr	₹103 Cr	14.2%	₹76 Cr	10.5%	—	—	—
Affle 3i LimitedAFFLEAFFLE	₹20,410 Cr	₹20,422 Cr	₹2,836 Cr	₹638 Cr	22.5%	₹478 Cr	16.8%	16.9%	13.8%	-51
Sagility LimitedSAGILITYSAGILITY	₹20,209 Cr	₹21,320 Cr	₹7,617 Cr	₹1,849 Cr	24.5%	₹993 Cr	12.9%	13.3%	10.3%	78
Esds Software Solution LimitedESDSESDS	₹16,809 Cr	—	₹208 Cr	₹47 Cr	22.9%	₹-22 Cr	-10.8%	0.8%	-10.9%	—
Black Box LimitedBBOXBBOX	₹14,134 Cr	₹14,961 Cr	₹6,654 Cr	₹614 Cr	9%	₹226 Cr	3.4%	21.7%	21.3%	-10
E2e Networks LimitedE2EE2E	₹13,323 Cr	₹13,482 Cr	₹366 Cr	₹234 Cr	51.4%	₹31 Cr	-6.3%	-0.5%	-1%	-45
Cyient LimitedCYIENTCYIENT	₹12,272 Cr	₹12,438 Cr	₹7,632 Cr	₹944 Cr	12.5%	₹378 Cr	6.4%	12.4%	7.8%	119
Amagi Media Labs LimitedAMAGIAMAGI	₹11,984 Cr	₹11,984 Cr	₹1,506 Cr	₹50 Cr	3.4%	₹72 Cr	4.8%	5.2%	4.1%	40
Emudhra LimitedEMUDHRAEMUDHRA	₹4,802 Cr	₹4,826 Cr	₹745 Cr	₹174 Cr	22.7%	₹115 Cr	15.7%	14.9%	13%	36

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	260	276	283	269	301	405	903	965	1,025	1,108
COGS	—	0	0	0	0	0	7	5	7	15
Gross profit	—	—	—	—	—	—	—	—	—	1,093
	219	231	230	217	231	327	696	812	852	923
	41	46	53	52	70	77	200	148	166	170
OPM %	15.9%	16.5%	18.8%	19.5%	23.2%	19.1%	22.2%	15.4%	16.2%	15.3%
Depreciation	5	6	6	6	6	8	28	34	39	28
Interest	0	0	0	1	1	1	2	3	3	2
	1	8	6	9	5	4	16	8	16	23
Profit before tax	—	48	54	54	68	72	186	120	139	163
Tax	13	16	17	14	18	18	52	29	36	39
Tax %	—	33.3%	32.4%	26.2%	26.3%	25.3%	28.1%	24.4%	25.9%	23.7%
	24	32	36	40	50	54	134	90	103	124
PAT margin %	9.2%	11.6%	12.8%	14.8%	16.8%	13.3%	14.8%	9.4%	10.1%	11.2%
EPS (₹)	22.3	29.9	33.8	38.5	49.2	52.6	86.3	58.3	66.5	79.9
EPS adjusted (₹)	21.8	29.8	33.8	38.9	49.2	34.7	86.3	58.3	66.5	90.5
	107.6%	80.3%	0%	0%	0%	0%	5.8%	0%	75.2%	137.7%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	10	10	16	16	16	16	16
Reserves	124	118	128	142	192	379	515	596	620	761
Minority interest	—	—	0	—	—	—	—	—	—	—
	—	—	—	—	—	1	0	0	0	0
	49	63	53	62	62	199	200	154	195	153
Total equity & liabilities	183	191	192	214	264	594	730	765	831	929
	25	22	19	26	25	108	142	131	113	73
CWIP	—	—	—	—	—	6	6	5	0	0
Investments	—	—	—	—	—	—	0	15	0	0
	159	169	173	188	239	480	582	614	719	856
Total assets	183	191	192	214	264	594	730	765	831	929

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	98.7%
EBITDA margin %	18.8%	19.5%	23.2%	19.1%	22.2%	15.4%	16.2%	15.3%
EBIT margin %	16.8%	17.3%	21.3%	17.1%	19.1%	11.9%	12.3%	12.8%
PAT margin %	12.8%	14.8%	16.8%	13.3%	14.8%	9.4%	10.1%	11.2%
Working capital
Receivable days	59	103	74	157	97	94	79	76
Inventory days	—	—	—	3	0	0	0	0
Payable days	0	1	0	0	33	12	26	1,437
NWC days	—	—	—	159	64	82	53	-1,362
Leverage
Current ratio	3.11	3.32	4.12	2.57	3.35	5.77	3.9	5.55
Debt to EBITDA	—	—	—	0.01	0	0	0	0
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	766.3	49.7	65.5	95.9	83.3	46.8	42.9	80.1
Asset turnover	1.47	1.26	1.14	0.68	1.24	1.26	1.23	1.19
Return ratios
Return on assets %	18.8%	18.6%	19.1%	9.1%	18.3%	11.8%	12.4%	13.3%
Return on capital employed %	39.9%	36.7%	37.5%	23.2%	38.4%	20%	21.2%	24.1%
Return on equity %	26.1%	26.2%	25%	13.7%	25.3%	14.8%	16.2%	16%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%
	0%	0.03%	0.04%	0.06%	0.21%	0.49%	0.33%	0.1%	0.13%	0.32%	0.42%	0.13%
	2.74%	3.26%	2.37%	1.83%	1.78%	1%	0.91%	0.84%	0.84%	0.07%	0.01%	0.12%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.21%	25.66%	26.54%	27.06%	26.96%	27.46%	27.71%	28.01%	27.98%	28.56%	28.52%	28.7%
No. of shareholders	—	—	—	—	—	—	—	—	29,017	29,158	29,133	29,683

Promoter holding up 0 percentage points since Sep 2023.

16 deals · 11 May 2026 – 17 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,97,897	₹922.82	₹27.49 Cr
17 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,97,897	₹922.38	₹27.48 Cr
17 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	2,77,475	₹926.43	₹25.71 Cr
17 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	2,77,475	₹927.21	₹25.73 Cr
17 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	1,86,878	₹923.78	₹17.26 Cr
17 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	1,84,612	₹923.47	₹17.05 Cr
17 Aug 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	1,23,672	₹923.10	₹11.42 Cr
17 Aug 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	1,23,672	₹924.00	₹11.43 Cr
17 Aug 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Buy	1,07,112	₹923.40	₹9.89 Cr
17 Aug 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Sell	1,07,112	₹923.80	₹9.90 Cr

1–10 of 16

1 / 2

Mr. Ralph GillessenNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Phani TangiralaExecutive Director-CEO-MD
Mr. Narayanan SubramaniamNon-Executive - Independent Director
Mr. Varadharajan SridharNon-Executive - Independent Director
Ms. Srivardhini Keshavamurthy JhaNon-Executive - Independent Director
Ms. Shalini Kalsi KamathNon-Executive - Independent Director
Mr. Periakaruppan PalaniappanChief Financial Officer
S Sampath KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Expleo Solutions Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

May 2026TranscriptAI SummaryPPT REC
Nov 2025TranscriptAI SummaryPPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

19

Final dividend31 Jul 2026 · ex-date₹110
Interim dividend12 Feb 2025 · ex-date₹50
Dividend dividend14 Jul 2023 · ex-date₹5
Final dividend19 Jul 2018 · ex-date₹20
Interim dividend9 Nov 2017 · ex-date₹4
Final dividend20 Jul 2017 · ex-date₹20
Interim dividend3 Nov 2016 · ex-date₹4
Final dividend21 Jul 2016 · ex-date₹20
Interim dividend19 Nov 2015 · ex-date₹4
Final dividend16 Jul 2015 · ex-date₹20
Interim dividend13 Nov 2014 · ex-date₹4
Final dividend17 Jul 2014 · ex-date₹4
Interim dividend28 Oct 2013 · ex-date₹5
Final dividend11 Jul 2013 · ex-date₹3
Interim dividend8 Nov 2012 · ex-date₹3
Final dividend12 Jul 2012 · ex-date₹3
Interim dividend16 Nov 2011 · ex-date₹2
Final dividend14 Jul 2011 · ex-date₹1
Interim dividend8 Apr 2010 · ex-date₹1

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

35 announcementsExport CSV

30 Sept 2026, 4:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	98.7%
EBITDA margin %	18.8%	19.5%	23.2%	19.1%	22.2%	15.4%	16.2%	15.3%
EBIT margin %	16.8%	17.3%	21.3%	17.1%	19.1%	11.9%	12.3%	12.8%
PAT margin %	12.8%	14.8%	16.8%	13.3%	14.8%	9.4%	10.1%	11.2%
Working capital
Receivable days	59	103	74	157	97	94	79	76
Inventory days	—	—	—	3	0	0	0	0
Payable days	0	1	0	0	33	12	26	1,437
NWC days	—	—	—	159	64	82	53	-1,362
Leverage
Current ratio	3.11	3.32	4.12	2.57	3.35	5.77	3.9	5.55
Debt to EBITDA	—	—	—	0.01	0	0	0	0
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	766.3	49.7	65.5	95.9	83.3	46.8	42.9	80.1
Asset turnover	1.47	1.26	1.14	0.68	1.24	1.26	1.23	1.19
Return ratios
Return on assets %	18.8%	18.6%	19.1%	9.1%	18.3%	11.8%	12.4%	13.3%
Return on capital employed %	39.9%	36.7%	37.5%	23.2%	38.4%	20%	21.2%	24.1%
Return on equity %	26.1%	26.2%	25%	13.7%	25.3%	14.8%	16.2%	16%

Date	Category	Subject	Filing
30 Sept 2026, 4:55 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 Sept 2026, 10:23 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 1:42 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot	PDF
3 Sept 2026, 12:25 pm	Company Update General	Reply Regarding Movement In Volume Of Shares Of The Company.	PDF
3 Sept 2026, 11:10 am	Company Update Clarification	Clarification sought from Expleo Solutions Ltd	—
27 Aug 2026, 4:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
26 Aug 2026, 8:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
19 Aug 2026, 12:59 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42	25	41	17	66	38	23	71	179	119
	-12	-19	25	-8	-43	15	-36	-31	-53	32
	-31	-31	-26	-29	-3	-3	-7	-15	-87	-9
Net cash flow	-0	-25	39	-20	21	50	-19	25	39	142
Free cash flow	35	24	38	14	62	24	-21	54	172	117
CFO / Operating profit %	102.2%	54.7%	76.3%	31.9%	95%	49%	11.5%	48.1%	108.3%	70.3%

Expleo Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

19

1

Announcements

19

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Expleo Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends19

Board meetings1

Announcements

Dividends19

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

19

1

19

1