Expleo Solutions Limited (EXPLEOSOL) AI Stock Analysis

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Expleo Solutions Limited

(NSE:EXPLEOSOL)

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Rating:83Outperform

Price Target:INR 937.00▲(16.47% Upside)

Action:reiterated

Date:08/18/26

The score is driven primarily by strong financial quality (very low leverage, steady growth, solid margins) and attractive valuation (P/E ~12.14 and ~11.91% dividend yield). Technicals are supportive with price above key moving averages and positive MACD, but an elevated RSI (~80.82) tempers the rating due to overbought risk.

Positive Factors

Steady growth and profitabilityConsistent revenue expansion alongside solid net and EBIT margins indicates durable demand for Expleo’s engineering, testing, digital, and consulting services. This combination supports continued reinvestment and provides a foundation for sustained earnings generation over the coming quarters.

Negative Factors

Margin volatilityUneven margins indicate that Expleo’s profitability remains sensitive to cost structure and project mix. Even with healthy current margins, further variability could make earnings less predictable and limit the extent to which revenue growth translates into durable operating profit over the next several quarters.

Expleo Solutions Limited (EXPLEOSOL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 12.40B
Dividend Yield: 13.66%
Average Volume (3M): 7,560
Price to Earnings (P/E): 9.5
Beta (1Y): 0.96
Revenue Growth: 10.42%
EPS Growth: 38.06%
Country: India
Employees: 3,968
Sector: General
Sector Strength: 55
Industry: Information Technology Services

Expleo Solutions Limited Business Overview & Revenue Model

Company Description

Expleo Solutions Limited, encompassing its various subsidiaries, specializes in providing global software validation and verification services, primarily catering to the banking, financial services, and insurance industries. The company's comprehensi...

How the Company Makes Money

Expleo Solutions Limited primarily makes money by delivering professional services to client organizations under commercial contracts. Key revenue streams typically include: (1) Engineering and product development services (e.g., design, development...

Expleo Solutions Limited Financial Statement Overview

Summary

Overall fundamentals are strong: steady revenue growth (FY2026 +~7.3% YoY), solid profitability (FY2026 net margin ~11.2%, EBIT margin ~12.8%), and an exceptionally low-leverage balance sheet (FY2026 debt-to-equity ~0.01). Key offsets are margin inconsistency versus prior years and meaningful historical cash-flow volatility despite strong recent FCF (FY2026 FCF ~1.27B).

Income Statement

74Positive

Balance Sheet

92Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	10.94B	11.08B	10.25B	9.65B	9.03B	7.43B
Gross Profit	3.76B	3.75B	4.09B	1.92B	3.54B	3.73B
EBITDA	1.91B	1.93B	1.82B	1.56B	2.15B	1.30B
Net Income	1.32B	1.24B	1.03B	904.39M	1.34B	676.78M
Balance Sheet
Total Assets	0	9.29B	8.31B	7.65B	7.30B	5.94B
Cash, Cash Equivalents and Short-Term Investments	3.55B	3.76B	2.95B	1.96B	1.53B	1.76B
Total Debt	0	78.52M	297.98M	260.56M	262.58M	147.09M
Total Liabilities	-7.76B	1.53B	1.95B	1.54B	2.00B	1.99B
Stockholders Equity	7.76B	7.76B	6.36B	6.11B	5.30B	3.95B
Cash Flow
Free Cash Flow	0	1.27B	1.72B	517.31M	-211.14M	-11.93M
Operating Cash Flow	0	1.30B	1.79B	692.14M	230.81M	242.35M
Investing Cash Flow	0	212.85M	-531.60M	-291.89M	-359.88M	41.67M
Financing Cash Flow	0	-94.55M	-870.97M	-152.01M	-65.71M	-103.64M

Expleo Solutions Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price804.50

Price Trends

50DMA867.58Negative

100DMA807.41Negative

200DMA769.51Positive

Market Momentum

MACD-16.23Positive

RSI37.46Neutral

STOCH11.37Positive

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 804.50 is below the 20-day moving average (MA) of 849.50, below the 50-day MA of 867.58, and above the 200-day MA of 769.51, indicating a neutral trend. The MACD of -16.23 indicates Positive momentum. The RSI at 37.46 is Neutral, neither overbought nor oversold. The STOCH value of 11.37 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:EXPLEOSOL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:EXPLEOSOL	83Outperform	INR 12.49B	9.48	―	13.66%	10.42%	38.06%
IN:PERSISTENT	81Outperform	INR 1.00T	52.58	―	0.30%	27.10%	7.08%
IN:LTTS	80Outperform	INR 454.01B	29.48	―	1.40%	2.45%	20.32%
IN:KPITTECH	63Neutral	INR 145.57B	27.02	―	1.42%	9.16%	-31.00%
IN:TATATECH	61Neutral	INR 262.70B	46.69	―	1.29%	21.87%	-18.85%
IN:SASKEN	56Neutral	INR 26.07B	30.96	―	1.46%	51.46%	113.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:EXPLEOSOL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:EXPLEOSOL	Expleo Solutions Limited	804.50	-81.88	-9.24%
IN:KPITTECH	KPIT Technologies Limited	531.00	-621.49	-53.93%
IN:LTTS	L&T Technology Services Ltd.	4279.25	226.89	5.60%
IN:PERSISTENT	Persistent Systems Limited	6045.00	159.64	2.71%
IN:SASKEN	Sasken Technologies Ltd	1715.95	367.51	27.25%
IN:TATATECH	Tata Technologies Limited	646.95	-38.77	-5.65%

Expleo Solutions Limited Corporate Events

Expleo Solutions Publishes Q1 FY2026 Unaudited Results in Newspapers

Aug 15, 2026

Expleo Solutions Limited has notified the stock exchanges that it has published newspaper advertisements detailing its unaudited financial results for the quarter ended June 30, 2026, in Financial Express (All India Edition) and the Tamil daily Makka...

Expleo Solutions Q1FY27 income rises 12% amid focus on AI and efficiency

Aug 14, 2026

Expleo Solutions Limited reported a 12% year-on-year rise in total income to Rs 2,985 million for the first quarter of FY27 ended June 30, 2026, with income from operations increasing 1.8% on a sequential basis despite challenging market conditions....

Expleo Solutions Files Q1 FY27 Earnings Presentation With Indian Exchanges

Aug 14, 2026

Expleo Solutions Limited has submitted its earnings presentation for the quarter ended June 30, 2026, to the BSE and National Stock Exchange of India, where its shares are listed. The company has also made this Q1 FY27 presentation available on its i...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 18, 2026

Expleo Solutions Limited AI Stock Analysis

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