Expleo Solutions Limited (EXPLEOSOL) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Expleo Solutions Limited ₹1,931, price ₹883, upside +118.7%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹593.23 – ₹1,736 · fair‑value band ₹1,168 – ₹2,701 · the ₹883.25 price screens below the ₹1,931 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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Expleo Solutions Limited, together with its subsidiaries, primarily provides software validation and verification services to the banking, financial services, and insurance industries worldwide.
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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 computer programming, consultancy and related activities, quality management, software development, software testing, digital transformation, product and process engineering, quality & testing, and customer support and maintenance services. It also offers financial 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.
Stock analysis
Expleo Solutions Limited (EXPLEOSOL) currently trades at ₹883.25, while our model-based Fair Value estimate is ₹1,931, implying the stock looks roughly 54.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,141 per share, and 21 of the 26 models we run sit above the ₹883.25 price.
Bear case: the Asset-Based group reads lowest at ₹335.14, and 5 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹1,168 (bear) to ₹2,701 (bull), the price of ₹883.25 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Expleo Solutions Limited reported revenue of ₹11.1B in FY2026 versus ₹7.4B in FY2022, a compound +10.5%/yr. Reported net income was ₹1.2B in FY2026, compounding +16.3%/yr from FY2022.
Key figures
Market cap ₹13.7B (≈ $143M) · P/E ratio 11.1 · P/S ratio 1.24 · EPS (TTM) ₹79.91 · Dividend yield 6.0% · Net margin 11.2% · Return on equity 17.6% · Return on assets (EBIT) 17.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 119%, EXPLEOSOL screens cheaper than that median.
Fair Value models
Bear ₹1,168Fair Value ₹1,931Bull ₹2,701
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹39.41 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.8%
Start year 2021 (pandemic). Over 10 years: +15.4% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)6.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.2% vs 13.6%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 13%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −5.4% a year for the price.
Compare Expleo Solutions Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 488 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+118.7% · Top 25%
Profitability
Return on equity (TTM)17.6% · Top 25%
Return on assets10.1% · Top 25%
Net margin (TTM)11.2% · Top 25%
Operating margin (TTM)12.9% · Top 25%
Growth and dividend
Revenue growth11.9% · Above median
Dividend yield (TTM)6.0% · Top 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Is Expleo Solutions Limited (EXPLEOSOL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1,931 versus a price of ₹883.25, about +119% upside (undervalued).
What is the fair value of EXPLEOSOL?
Our model-based fair value for Expleo Solutions Limited is ₹1,931 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹883.25.
What is the quality score of EXPLEOSOL?
Expleo Solutions Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Expleo Solutions Limited (EXPLEOSOL)?
Our model-based price target is the fair value of ₹1,931 (as of Sep 27, 2026) from 26 valuation models. Cautious scenario ₹1,168, optimistic scenario ₹2,701. It is a calculation from audited fundamentals, not an analyst target.
What is the Expleo Solutions Limited stock forecast for 2026?
Our models put fair value at ₹1,931, about +119% upside versus a price of ₹883.25 (undervalued). Cautious scenario ₹1,168, optimistic scenario ₹2,701. The calculation is refreshed regularly with new filings.
What is the revenue of Expleo Solutions Limited (EXPLEOSOL)?
Expleo Solutions Limited reported trailing-twelve-month revenue of about ₹11.1B (latest available figure, as of Sep 27, 2026).
Does Expleo Solutions Limited pay a dividend?
Expleo Solutions Limited currently shows a dividend yield of about 6.03% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Expleo Solutions Limited (EXPLEOSOL)?
For today's price to be fair in a discounted-cash-flow model, Expleo Solutions Limited would have to grow free cash flow by -1.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +29.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of EXPLEOSOL use?
Our models discount Expleo Solutions Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.22, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Expleo Solutions Limited that is -1.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Expleo Solutions Limited (EXPLEOSOL) delivered so far?
Over the past 5 years revenue at Expleo Solutions Limited grew +29.8 % a year. The price currently implies -1.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Expleo Solutions Limited (EXPLEOSOL) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Expleo Solutions Limited (-1.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Expleo Solutions Limited (EXPLEOSOL)?
The free-cash-flow yield on the price is 9.27 %: that much free cash flow Expleo Solutions Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Expleo Solutions Limited (EXPLEOSOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Expleo Solutions Limited it is ₹1,931 per share (as of Sep 27, 2026), against a price of ₹883.25. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Expleo Solutions Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, EXPLEOSOL trades below its calculated fair value: price ₹883.25, fair value ₹1,931, a gap of about +119% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EXPLEOSOL?
No. The price is what the market pays today (₹883.25); the fair value is what the company's own numbers justify (₹1,931). For Expleo Solutions Limited the two are ₹1,048 per share apart. That gap is exactly why we show both numbers side by side.
How much is Expleo Solutions Limited worth?
The market values Expleo Solutions Limited at about ₹13.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹883.25; our models calculate a fair value of ₹1,931 per share.
What do the bullish and bearish scenarios say about EXPLEOSOL?
Our models span a range for Expleo Solutions Limited: cautious scenario ₹1,168, base ₹1,931, optimistic ₹2,701 per share (as of Sep 27, 2026, price ₹883.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EXPLEOSOL?
Expleo Solutions Limited trades at a price-to-earnings ratio of 11.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,931 is built from several models across several years. Other multiples: P/B 1.8, P/S 1.2, EV/EBITDA 5.9.
How solid is the balance sheet of Expleo Solutions Limited (EXPLEOSOL)?
Balance-sheet figures for Expleo Solutions Limited (as of Sep 27, 2026): return on equity 17.6%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is EXPLEOSOL from its 52-week high?
Expleo Solutions Limited trades at ₹883.25, about 21% below its 52-week high of ₹1,119 and 37% above the low of ₹646.90 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,931 is for.
Which stocks are comparable to Expleo Solutions Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Expleo Solutions Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹883.25, calculated fair value ₹1,931 (+119%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EXPLEOSOL calculated?
We run Expleo Solutions Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,931, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Expleo Solutions Limited currently trades 119 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Expleo Solutions Limited (EXPLEOSOL)?
The closing price on Sep 25, 2026 was ₹883.25. Our model-based fair value is ₹1,931, about +119% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Expleo Solutions Limited right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (₹1,168). The market is more pessimistic than our downside scenario. A fairly wide model range (₹1,168 to ₹2,701) leaves room in how you read the outcome.
Where does the earnings growth of Expleo Solutions Limited (EXPLEOSOL) come from?
Earnings per share at Expleo Solutions Limited grew +11.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.4 %, EBIT margin −3.8 %, tax rate +1.5 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Expleo Solutions Limited
How large is the market capitalisation of Expleo Solutions Limited (EXPLEOSOL)?
The market capitalisation of Expleo Solutions Limited is ₹13.7B (≈ $143M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Expleo Solutions Limited (EXPLEOSOL)?
The price-to-sales ratio of Expleo Solutions Limited is 1.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Expleo Solutions Limited (EXPLEOSOL)?
Earnings per share at Expleo Solutions Limited are ₹79.91 (price ÷ EPS = P/E 11.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Expleo Solutions Limited (EXPLEOSOL)?
The dividend yield of Expleo Solutions Limited is 6.0% (payout 66.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Expleo Solutions Limited (EXPLEOSOL)?
The net margin of Expleo Solutions Limited is 11.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Expleo Solutions Limited (EXPLEOSOL)?
The return on equity (ROE) of Expleo Solutions Limited is 17.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Expleo Solutions Limited (EXPLEOSOL)?
On an EBIT basis the return on assets of Expleo Solutions Limited is 17.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Expleo Solutions Limited (EXPLEOSOL)?
The operating margin of Expleo Solutions Limited is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Expleo Solutions Limited (EXPLEOSOL)?
Revenue at Expleo Solutions Limited is growing +11.9% versus a year earlier (3y avg +7.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Expleo Solutions Limited (EXPLEOSOL)?
Earnings per share at Expleo Solutions Limited are growing +73.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Expleo Solutions Limited (EXPLEOSOL) hold?
Expleo Solutions Limited holds more cash than debt, ₹3.7B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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