Expleo Solutions Ltd

SQS India BFSI is an India based software service provider primarily delivering software validation and verification services to the banking, financial services and insurance industry worldwide.

Pros:
Company is virtually debt free.
Promoter's stake has increased
Company has a good return on equity (ROE) track record: 3 Years ROE 24.24%
Company has been maintaining a healthy dividend payout of 62.68%
Cons:
The company has delivered a poor growth of 7.78% over past five years.

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
73 68 61 58 61 70 70 74 73 76 70 66
58 58 53 50 48 59 61 63 60 59 62 53
Operating Profit 15 11 8 8 12 10 9 11 13 17 8 13
OPM % 21% 16% 12% 14% 20% 15% 13% 15% 17% 23% 11% 19%
Other Income 0 0 0 0 3 2 1 5 1 5 1 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 2 1 1 1 1 1 1 1 1 1
Profit before tax 14 10 6 7 14 11 8 15 12 21 8 13
Tax % 37% 36% 35% 33% 36% 34% 35% 29% 32% 34% 38% 26%
Net Profit 9 6 4 5 9 7 5 10 8 14 5 9
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
74 92 83 83 121 161 194 214 264 260 271 283
62 78 73 80 109 131 155 177 210 219 231 230
Operating Profit 12 14 10 3 13 30 40 37 54 41 40 53
OPM % 16% 16% 12% 3% 11% 19% 20% 17% 20% 16% 15% 19%
Other Income 0 4 1 3 10 2 10 2 6 1 13 6
Interest 0 0 0 0 0 1 2 2 0 0 0 0
Depreciation 1 2 1 3 4 5 6 5 4 5 6 6
Profit before tax 11 16 9 3 18 26 42 32 56 37 48 54
Tax % 9% 10% 9% 42% 38% 27% 29% 32% 34% 36% 33% 32%
Net Profit 10 14 8 2 11 19 30 22 37 24 32 36
EPS in Rs 8.02 1.70 10.52 18.23 27.71 15.62 29.82 22.30 29.86 33.79
Dividend Payout % 16% 6% 12% 54% 44% 31% 31% 117% 69% 108% 80% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.87%
5 Years:7.78%
3 Years:2.30%
TTM:4.25%
Compounded Profit Growth
10 Years:10.00%
5 Years:3.85%
3 Years:-0.56%
TTM:13.39%
Return on Equity
10 Years:22.79%
5 Years:25.51%
3 Years:24.24%
Last Year:27.11%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
8 9 10 10 10 10 10 11 11 11 11 11
Reserves 25 38 59 60 65 78 98 91 98 116 118 128
Borrowings 0 0 0 0 0 14 12 10 0 0 0 0
12 17 15 19 26 26 27 54 73 43 63 54
Total Liabilities 45 64 84 89 102 128 147 165 182 171 191 193
2 3 3 8 11 31 27 24 25 27 22 19
CWIP 0 0 1 3 0 0 1 1 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
42 61 80 78 91 97 119 139 157 144 169 174
Total Assets 45 64 84 89 102 128 147 165 182 171 191 193

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
10 13 15 -2 6 18 24 33 58 42 25 41
-5 2 -6 -20 -0 -23 -1 -6 11 -14 -18 24
-1 1 14 -1 -4 6 -13 -11 -39 -31 -31 -26
Net Cash Flow 4 15 23 -23 2 2 10 16 30 -2 -23 38

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 39% 39% 16% 5% 26% 31% 40% 29% 51% 32% 38% 40%
Debtor Days 100 95 70 101 71 93 105 97 75 60 92 59
Inventory Turnover