Expleo Solutions Ltd

Expleo Solutions Ltd

₹ 1,355 -0.21%
04 Mar 4:01 p.m.
About

Expleo Solutions Ltd is an India-based software service provider primarily delivering software validation and verification services to the BFSI industry worldwide.[1]

Key Points

Service Offerings
The company offers various Software Validation and Verification Services, Software Development and Engineering consultancy services related to BFSI, Aerospace, Automotive, Defence and Rail Industry. [1]

  • Market Cap 2,084 Cr.
  • Current Price 1,355
  • High / Low 1,777 / 1,111
  • Stock P/E 20.4
  • Book Value 324
  • Dividend Yield 0.37 %
  • ROCE 38.8 %
  • ROE 28.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 33.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%

Cons

  • Working capital days have increased from 64.2 days to 94.3 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
72 79 88 97 106 196 212 220 240 231 225 234 250
58 63 73 81 89 166 176 178 168 188 194 200 212
Operating Profit 14 17 15 16 17 30 37 42 72 43 31 34 38
OPM % 19% 21% 17% 17% 16% 15% 17% 19% 30% 19% 14% 14% 15%
5 1 4 1 0 6 1 1 13 4 1 2 11
Interest 0 0 0 0 0 1 0 0 1 0 1 1 1
Depreciation 2 1 2 2 2 5 7 7 7 7 8 8 8
Profit before tax 17 15 17 15 15 30 31 36 77 39 24 27 41
Tax % 24% 29% 25% 27% 26% 28% 25% 33% 28% 26% 22% 24% 16%
13 11 13 11 11 22 23 24 55 29 18 21 34
EPS in Rs 12.30 10.72 12.49 10.80 11.10 21.20 22.39 23.38 54.00 28.34 11.88 13.22 21.93
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
121 161 194 214 264 260 271 283 270 301 743 903 941
109 131 155 177 210 219 231 230 217 231 618 703 794
Operating Profit 13 30 40 37 54 41 40 53 53 70 124 200 147
OPM % 11% 19% 20% 17% 20% 16% 15% 19% 20% 23% 17% 22% 16%
10 2 10 2 6 1 13 6 8 5 6 16 17
Interest 0 1 2 2 0 0 0 0 1 1 1 2 2
Depreciation 4 5 6 5 4 5 6 6 6 6 19 28 32
Profit before tax 18 26 42 32 56 37 48 54 54 68 110 186 130
Tax % 38% 27% 29% 32% 34% 36% 33% 32% 26% 26% 39% 28%
11 19 30 22 37 24 32 36 40 50 68 134 102
EPS in Rs 11.32 19.20 29.26 20.53 34.68 22.29 29.86 33.79 38.92 49.20 66.01 130.59 75.37
Dividend Payout % 44% 31% 31% 117% 69% 108% 80% 0% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: 19%
5 Years: 27%
3 Years: 50%
TTM: 8%
Compounded Profit Growth
10 Years: 21%
5 Years: 33%
3 Years: 50%
TTM: -18%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 38%
1 Year: 0%
Return on Equity
10 Years: 27%
5 Years: 27%
3 Years: 27%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 11 11 11 11 11 10 10 16 16 16
Reserves 65 78 98 91 98 116 118 128 142 192 379 515 487
0 14 12 10 0 0 0 0 0 7 15 26 25
26 26 27 54 73 43 63 53 62 56 185 174 142
Total Liabilities 102 128 147 165 182 171 191 192 214 264 594 730 669
11 31 27 24 25 27 22 19 26 25 108 142 131
CWIP 0 0 1 1 0 0 0 0 0 0 6 6 6
Investments 0 0 0 0 0 0 0 0 0 0 0 0 4
91 97 119 139 157 144 169 173 188 239 480 582 529
Total Assets 102 128 147 165 182 171 191 192 214 264 594 730 669

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 18 24 33 58 42 25 41 17 66 24 23
-0 -23 -1 -6 11 -14 -18 24 -7 -44 3 -37
-4 6 -13 -11 -39 -31 -31 -26 -29 -3 -10 -7
Net Cash Flow 2 2 10 16 30 -2 -23 38 -19 19 17 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 71 93 105 97 75 60 92 59 103 74 85 97
Inventory Days
Days Payable
Cash Conversion Cycle 71 93 105 97 75 60 92 59 103 74 85 97
Working Capital Days 71 62 68 23 -7 8 21 15 50 50 48 94
ROCE % 26% 31% 40% 29% 51% 31% 38% 40% 38% 39% 36% 39%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.17% 56.17% 56.17% 56.17% 56.17% 56.17% 56.17% 56.17% 56.17% 71.05% 71.05% 71.05%
0.27% 0.42% 0.17% 0.09% 0.13% 0.00% 0.08% 0.01% 0.01% 0.15% 0.00% 0.03%
1.24% 1.24% 1.83% 2.16% 2.08% 2.39% 3.35% 4.52% 4.74% 2.92% 2.73% 3.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
42.32% 42.17% 41.83% 41.58% 41.62% 41.44% 40.39% 39.30% 39.07% 25.87% 26.22% 25.67%
No. of Shareholders 14,58316,82418,24521,42521,98121,64922,02521,23620,67121,83125,65127,179

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls