Overview

Detailed Summary

Expleo Solutions Limited is an engineering, technology and consulting services firm focused on digital transformation, product and process engineering, quality & testing, and customer support; the company is part of the global Expleo Group and serves primarily BFSI, aerospace and automotive clients from delivery centres in India and overseas.
Q3 FY26 revenue was Rs 2,794 million (operating), up 8.5% YoY, with digital revenue representing 53% of total — Expleo Solutions Limited shows a structural shift toward higher‑value digital services while maintaining strong cash with a net cash position of Rs 3,892 million, signalling balance sheet resilience despite QoQ profit compression.
Client and regional concentration remains pronounced: BFSI accounted for 80.2% of Q3 FY26 revenue and Europe contributed 55.4% of revenue; Expleo Solutions Limited reported Top‑5 and Top‑10 client contributions of 37% and 55% respectively, indicating meaningful client concentration that drives revenue but raises customer‑risk exposure.
Profitability was pressured QoQ by an exceptional charge and forex movements: adjusted EBITDA margin at 16.6% for Q3 FY26, PAT including OCI fell to Rs 234 million largely due to a negative exceptional item of Rs 167.9 million, while excluding labour code adjustments PAT would have been materially higher for Expleo Solutions Limited.
Operational metrics are stable: delivery headcount stood at 3,541 with active clients at 203 and debtor days improving to 85 days; Expleo Solutions Limited’s steady employee base and improving receivable days support margin recovery potential if utilization and pricing trends improve.

Sector: IT - Software
Industry: Computers - Software - Medium / Small
Market Cap: 1,185 Cr
Volatility: Moderate Risk
P/E Ratio: 11.2
Industry P/E: 29.1
PEG Ratio: 0.8
P/B Ratio: 1.7
52W High: 1,366.05
52W Low: 686.00

Sales CAGR

1Y: 6.21%
3Y: 11.34%
5Y: 30.55%
10Y: 16.26%

Profit CAGR

1Y: 14.15%
3Y: 14.45%
5Y: 22.23%
10Y: 12.95%

ROE

TTM: 14.79%
3Y: 18.43%
5Y: 18.78%
10Y: 20.28%

ROCE

TTM: 20.08%
3Y: 23.72%
5Y: 24.97%
10Y: 27.60%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ORIENTTECH	287.25	1,311 Cr	48.20	3.68	0.57	14.12	19.10	3.79
AURUM	170.50	1,217 Cr	-49.26	2.51	0.00	-6.53	-0.98	-2.83
GENESYS	288.05	1,199 Cr	30.72	1.75	0.00	8.59	11.67	4.25
EXPLEOSOL	765.55	1,185 Cr	11.17	1.68	6.55	14.79	20.08	11.62
UNIECOM	104.80	1,167 Cr	66.33	6.58	0.00	10.93	14.36	8.08
DSSL	913.00	1,136 Cr	13.84	4.17	0.00	28.93	28.14	9.53
KODYTECH	832.05	1,061 Cr	66.78	19.40	0.00	11.61	16.77	8.98

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	234	250	255	252	259	258	256	260	283	279
Expenses	200	212	221	213	217	219	216	230	236	233
Operating Profit	34	38	34	39	42	39	40	30	47	46
OPM %	14.48	15.37	13.40	15.39	16.31	14.96	15.64	11.45	16.53	16.49
Other Income	1.62	11	1.81	2.20	13	2.86	4.51	6.95	13	-6.40
Interest	0.60	0.63	0.76	0.68	0.97	0.73	0.94	0.64	0.60	0.42
Depreciation	8.08	8.44	9.09	9.36	9.52	12	8.05	7.67	7.44	7.30
Profit Before Tax	27	41	26	31	44	28	36	28	51	32
Tax %	23.58	16.35	40.05	22.78	20.19	30.11	32.24	27.96	22.62	30.74
Net Profit	21	34	16	24	35	20	24	20	40	22
EPS in Rs	13.22	21.93	10.12	15.40	22.86	12.75	15.51	13.16	25.62	14.26

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	260	271	283	270	301	743	903	965	1,025	1,032
Expenses	219	231	230	217	231	618	703	817	859	882
Operating Profit	41	40	53	53	70	124	200	148	166	151
OPM %	15.91	14.93	18.79	19.69	23.21	16.71	22.16	15.37	16.17	14.58
Other Income	1.06	13	6.00	7.77	5.42	6.04	16	7.51	16	27
Interest	0.20	0.29	0.07	1.11	1.06	1.21	2.26	2.61	3.32	3.28
Depreciation	5.20	5.55	5.50	5.82	5.81	19	28	34	39	38
Profit Before Tax	37	48	54	54	68	110	186	120	139	137
Tax %	35.69	33.27	32.42	26.18	26.26	38.53	28.06	24.37	25.85	26.98
Net Profit	24	32	36	40	50	68	134	90	103	100
EPS in Rs	15.30	20.59	23.33	25.23	32.70	31.98	55.91	58.28	66.52	68.55
Dividend Payout %	107.82	80.27	0.00	0.00	0.00	0.00	5.80	0.00	75.17	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	10	10	16	16	16	16
Reserves	98	116	118	128	142	192	379	515	596	620
Borrowings	0.00	0.00	0.00	0.00	0.00	6.54	15	26	26	30
Other Liabilities	73	43	63	53	62	56	185	174	128	165
Total Liabilities	182	171	191	192	214	264	594	730	765	831
Fixed Assets	25	27	22	19	26	25	108	142	131	113
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	6.06	6.06	4.54	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15	0.00
Other Assets	157	144	169	173	188	239	480	582	614	719
Total Assets	182	171	191	192	214	264	594	730	765	831

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	58	42	25	41	17	66	24	23	69	179
Cash from Investing Activity	11	-12	-19	25	-8.30	-43	4.17	-36	-29	-53
Cash from Financing Activity	-39	-31	-31	-26	-29	-2.83	-10	-6.57	-15	-87
Net Cash Flow	29	-0.40	-25	39	-20	21	18	-19	25	39

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	56.17%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%	71.05%
FIIs	0.01%	0.15%	0.00%	0.03%	0.04%	0.06%	0.21%	0.49%	0.33%	0.10%	0.13%	0.32%
DIIs	4.75%	2.93%	2.74%	3.26%	2.37%	1.83%	1.78%	1.00%	0.91%	0.84%	0.84%	0.07%
Public	39.07%	25.88%	26.22%	25.67%	26.55%	27.06%	26.96%	27.46%	27.72%	28.02%	27.99%	28.56%
Total Shareholders	20,671	21,831	25,651	27,179	29,462	29,083	28,506	27,530	28,556	28,491	29,017	29,158

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Upgrade

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Available on Pro Plan