Provides IT services, classified under IT Enabled Services. The cost structure is heavily weighted to people: employee costs are 62.3% of revenue, with other operating expenses at 21.1%, depreciation at 2.6%, materials at just 1.3%, and capex at 0.3% — consistent with a labour-driven services business rather than a product or infrastructure-heavy one. The company employed 4,177 people as of the FY26 BRSR filing, of whom 35% were women. Revenue is heavily export-oriented: 84.48% of turnover comes from customers outside India, spread across 31 countries. FY26 revenue stood at Rs 1,107.963 crore with a net profit of Rs 123.982 crore and an EBITDA margin of 17.4307%. The business has set a target of Net Zero greenhouse gas emissions by 2030 and reported a 139.7 tCO2e emissions reduction in FY25. No segment-wise breakdown of revenue was disclosed in the facts provided. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. IT Services, Export revenue (84%). Labour-intensive, export-led IT services business with low capex and minimal materials.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 405 | 903 | 965 | 1,025 | 1,108 |
| EBITDA (ex other income) | 77 | 200 | 148 | 166 | 155 |
| margin % | 19.1 | 22.2 | 15.4 | 16.2 | 14.0 |
| Owners' profit | 54 | 134 | 90 | 103 | 140 |
| EPS, as reported (₹) | 52.58 | 86.27 | 58.27 | 66.52 | 79.89 |
| ROE % · ROCE % | 21.1 · 27.1 | 25.3 · 33.5 | 14.8 · 18.5 | 16.2 · 20.8 | 16.0 · 20.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 38 | 23 | 71 | 179 | 119 |
| Capex | (14) | (44) | (17) | (8) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 259 | 258 | 256 | 260 | 283 | 279 | 286 | 292 |
| Profit before tax | 44 | 28 | 36 | 28 | 51 | 32 | 51 | 44 |
| Net profit | 35 | 20 | 24 | 20 | 40 | 22 | 42 | 34 |
| EPS (₹) | 22.86 | 12.75 | 15.51 | 13.16 | 25.62 | 14.26 | 26.85 | 22.02 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Expleo Solutions says volume surge is market-driven, no undisclosed info | compliance | minimal | — | — |
| 2 Sept 2026 · NSE seeks clarification from Expleo Solutions on unusual trading volume | compliance | low | — | — |
| 27 Aug 2026 · Expleo Solutions AGM results: Rs 110 dividend approved, all resolutions passed | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Expleo Solutions files proceedings of 28th AGM held on Aug 26, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Director-Sales (USA) and KMP resigns from Expleo Solutions | management changes | high | — | — |
| 19 Aug 2026 · Director Sales USA and KMP resigns for personal reasons | management changes | high | — | — |
| 14 Aug 2026 · Expleo Solutions Q1 FY27: PAT nearly doubles, revenue up 15% YoY | results | medium | — | — |
| 7 Aug 2026 · Board meeting on Aug 14 to approve Q1 FY27 results | results | low | — | — |
| 1 Aug 2026 · Expleo Solutions KMP Saket Newaskar resigns, last day Aug 14 | management changes | high | — | — |
| 1 Aug 2026 · Expleo Solutions KMP Saket Newaskar to exit on August 14, 2026 | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 15.7 |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.0 | 18.9 | 18 of 78 | 78% |
| P/B | 1.8 | 2.2 | 30 of 70 | 58% |
| ROCE | 20.3 | 9.7 | 18 of 87 | 80% |
| ROE | 16.0 | 9.4 | 19 of 72 | 75% |
| Debt / Equity | 0.0 | 0.0 | 3 of 72 | 72% |
| EBITDA margin | 16.9 | 13.0 | 27 of 69 | 62% |
| Revenue growth | 12.3 | 20.8 | 45 of 67 | 33% |
| Profit growth | 67.3 | 14.6 | 17 of 64 | 75% |
| Market cap | 1383 | 309 | 22 of 87 | 76% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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