Expleo Solutions Limited (EXPLEOSOL) AI Stock Analysis

• Market Cap: ₹15.02B
• Dividend Yield: 5.18%
• Average Volume (3M): 1.66K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.80
• Revenue Growth: 4.07%
• EPS Growth: 5.96%
• Country: IN
• Employees: 4,291
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 13.16
• Shares Outstanding: 15,519,739
• 10 Day Avg. Volume: 2,651
• 30 Day Avg. Volume: 1,661
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,175.00
• Price Target Upside: 21.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ₹1,175.00 ▲(21.43% Upside)

Expleo Solutions Limited's strong financial performance is the most significant factor, supported by solid revenue growth and profitability. The stock's valuation is fair with an attractive dividend yield. However, technical indicators suggest bearish momentum, which could pose short-term risks.

Expleo Solutions Limited Business Overview & Revenue Model

Company Description

Expleo Solutions Limited, together with its subsidiaries, primarily provides software validation and verification services to the banking, financial services, and insurance industries worldwide. It offers quality engineering, quality management, software testing, DevOps, and test automation services. The company was formerly known as SQS India BFSI Limited and changed its name to Expleo Solutions Limited in April 2019. Expleo Solutions Limited was incorporated in 1998 and is based in Chennai, India. Expleo Solutions Limited Limited is a subsidiary of Expleo Technology Germany GmbH.

How the Company Makes Money

Expleo Solutions Limited generates revenue primarily through its comprehensive suite of services, which include quality assurance and testing, engineering services, and management consulting. The company collaborates with a wide range of industries to provide tailored solutions that address specific business challenges. Key revenue streams include long-term service contracts, consulting fees, and project-based engagements. Expleo's strategic partnerships with major technology providers and its global presence enable it to leverage new technologies and market opportunities, contributing significantly to its earnings.

Expleo Solutions Limited Financial Statement Overview

Summary

Expleo Solutions Limited demonstrates strong revenue growth, impressive gross profit margin, and robust operating efficiency. The balance sheet is solid with low leverage, and cash flow performance is generally positive despite some fluctuations.

Income Statement

Expleo Solutions Limited demonstrates strong revenue growth with a consistent upward trajectory over the past years. The gross profit margin is impressive, suggesting effective cost management. The EBIT and EBITDA margins indicate robust operating efficiency. However, a slight decline in net profit margin over recent years may pose a risk if not addressed.

Balance Sheet

The company maintains a healthy financial position with a solid equity ratio, indicating a strong asset base funded by equity. The debt-to-equity ratio is low, reflecting conservative leverage usage. The return on equity has shown solid performance, but there is room for improvement to maximize shareholder value.

Cash Flow

Expleo Solutions exhibits positive free cash flow growth, reflecting efficient cash management. The operating cash flow to net income ratio is strong, indicating the company's ability to convert earnings into cash. However, the free cash flow to net income ratio has been fluctuating, suggesting potential volatility in cash reserves.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.25B	10.25B	9.65B	9.03B	7.43B	3.01B
Gross Profit	3.35B	4.09B	1.92B	3.54B	3.73B	1.28B
EBITDA	1.82B	1.82B	1.56B	2.15B	1.30B	751.61M
Net Income	1.03B	1.03B	904.39M	1.34B	676.78M	504.41M
Balance Sheet
Total Assets	8.31B	8.31B	7.65B	7.30B	5.94B	2.64B
Cash, Cash Equivalents and Short-Term Investments	2.95B	2.95B	1.96B	1.53B	1.76B	1.30B
Total Debt	297.98M	297.98M	260.56M	262.58M	147.09M	65.38M
Total Liabilities	1.95B	1.95B	1.54B	2.00B	1.99B	624.63M
Stockholders Equity	6.36B	6.36B	6.11B	5.30B	3.95B	2.02B
Cash Flow
Free Cash Flow	0.00	1.72B	517.31M	-211.14M	-11.93M	619.53M
Operating Cash Flow	0.00	1.79B	692.14M	230.81M	242.35M	664.41M
Investing Cash Flow	0.00	-531.60M	-291.89M	-359.88M	41.67M	-430.11M
Financing Cash Flow	0.00	-870.97M	-152.01M	-65.71M	-103.64M	-28.25M

Expleo Solutions Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 967.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXPLEOSOL, the sentiment is Negative. The current price of 967.65 is below the 20-day moving average (MA) of 1014.55, below the 50-day MA of 1088.52, and below the 200-day MA of 1087.94, indicating a bearish trend. The MACD of -24.21 indicates Positive momentum. The RSI at 36.21 is Neutral, neither overbought nor oversold. The STOCH value of 11.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EXPLEOSOL.

Expleo Solutions Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCIEXP	77 Outperform	₹27.75B	33.42	11.23%	1.11%	-3.21%	-31.89%
ACCELYA	75 Outperform	₹21.68B	16.80	46.46%	3.44%	3.45%	37.47%
EXPLEOSOL	72 Outperform	₹15.02B	15.05	―	5.18%	4.07%	5.96%
HATHWAY	67 Neutral	₹25.12B	23.88	2.11%	―	4.19%	10.32%
AWHCL	64 Neutral	₹15.90B	18.56	12.95%	―	8.50%	0.11%
HGS	48 Neutral	₹23.60B	-88.37	1.58%	1.38%	-4.50%	-109.54%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Expleo Solutions Limited Corporate Events

Expleo Solutions Concludes 27th AGM with Key Approvals

Expleo Solutions Limited announced the successful conclusion of its 27th Annual General Meeting held on August 21, 2025, where both ordinary and special business items were approved by a requisite majority. The voting results and scrutinizer’s report have been made available on the company’s website and the e-voting platform, reflecting the company’s commitment to transparency and regulatory compliance.

Expleo Solutions Secures Temporary Relief in Tax Dispute

Expleo Solutions Limited has disclosed an order from the Income Tax Appellate Tribunal in Chennai regarding a disputed tax demand for the assessment year 2021-22. The tribunal has granted a stay on the recovery of the disputed amount of Rs. 20,30,02,355 for 180 days or until the appeal is resolved, providing temporary relief to the company in its ongoing tax dispute.

Expleo Solutions Releases FY 2024-25 Annual Report and Announces AGM

Expleo Solutions Limited has announced the availability of its Annual Report for the financial year 2024-25, which can be accessed online. The company has informed shareholders about the upcoming 27th Annual General Meeting to be held via video conferencing, emphasizing the importance of updating KYC details and dematerializing physical securities as per SEBI regulations.