XPRO India Ltd
XPROINDIAXPRO India Ltd's price has outrun its earnings. +35.3% in a year against EPS −51.9% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +35.3% in a year while annual EPS moved −51.9% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (10 weeks in) while the P/E sits at the 80th percentile of its own 7-year range. Underneath, the last four quarters read improving, and 75% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
XPRO India Ltd trades at ₹1,500, in a confirmed uptrend and 10 weeks into that stage. That is +29.9% against its own 200-day average. It sits at 100% of a 52-week range of ₹813 to ₹1,500. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks.
Today the stock is in a confirmed uptrend — week 10 of stage 2, confirmed. At ₹1,500 it trades +29.9% versus its 200-day average and sits at 100% of its 52-week range (₹813–₹1,500).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +5,178% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
XPRO India Ltd trades at 108.0× P/E, at the pricey end of its own range (80th percentile). Its long-run median P/E is 46.0×, measured across 7.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 108.0× is at the pricey end of its own range (80th percentile), against a long-run median of 46.0× measured over 7.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −51.9% against a +35.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +47.7%/yr price move, ~+24.1%/yr came from earnings growth and ~+23.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
XPRO India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 3.9% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −5.6% | −0.3% | +6.4% | +6.3% |
| Profit | −47.4% | −23.7% | +20.1% | — |
| EPS | −51.9% | −31.0% | +11.7% | — |
| Share price | +35.3% | +20.1% | +47.7% | +46.9% |
4-Factor Sector Score
44.8/100 — rank 2 of 3 in Packaging - Films · 81% evidence confidence
XPRO India Ltd scores 44.8 out of 100 against the 3 companies it is compared with in Packaging - Films, ranking 2. Price leads the evidence: RS versus the benchmark is 34.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 16 + 4.7 + 5 + 19.1 = 44.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
XPRO India Ltd reported ₹174 Cr of revenue in the Jun 26 quarter, +20.4% year on year. Over 10 years it has compounded at 6.3% a year. The last full year, FY26, came in at ₹505 Cr. The last four reported quarters add to ₹535 Cr.
FY26 revenue came in at ₹505 Cr (−5.6% on the year), capping 10 years at 6.3% compound. The latest quarter (Jun 26) printed ₹174 Cr, +20.4% year on year.
Pace check: the last four quarters averaged −0.9% growth against the decade's 6.3% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −1.2% over the last 4 quarters against +6.3%/yr over the last 8 — rolling over; TTM profit +76.6% vs −16.3%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
XPRO India Ltd's operating margin is 9.1% in the Jun 26 quarter, +10.8 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 1.0% to 15.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.1%, +10.8 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 1.0%–15.0%.
Why the margin moved: operating margin went +10.8 pp year on year while gross margin went +0.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
XPRO India Ltd earned ₹7.6 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹20.0 Cr. That is 4.4% of the quarter's revenue. The same quarter a year earlier lost ₹5.5 Cr. 1 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹7.6 Cr, null year on year. On the full year, FY26 printed ₹20.0 Cr (−47.4%).
Pace comparison, last four quarters: profit +14.4% vs revenue −0.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 75% of XPRO India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹20.0 Cr of operating cash against ₹20.0 Cr of profit. After ₹177 Cr of capital spending, ₹−157 Cr was left as free cash.
FY26: operating cash of ₹20.0 Cr against reported profit of ₹20.0 Cr, leaving free cash of ₹−157 Cr after ₹177 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 75% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 75%: the cash cycle stretched 58 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 58 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
XPRO India Ltd's cash conversion cycle runs 80 days in FY26, up from 22 days in FY21. Capital spending ran ₹560 Cr over the last 3 years. At FY26 sales of ₹505 Cr each day of that cycle holds about ₹1.4 Cr, so roughly ₹111 Cr sits inside the business at any moment.
FY26: debtors at 50 days, inventory at 76 days — roughly 2.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 80 days, looser than FY21's 22.
The full loop: cash goes out to suppliers and production on day 0; stock waits 76 days to sell; customers pay about 50 days after that; and suppliers themselves are paid at 46 days — netting out to the 80-day cycle.
In money terms: at FY26 sales of ₹505 Cr, each day of the cycle holds about ₹1.4 Cr — so the 80-day loop keeps roughly ₹111 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹560 Cr over the last 3 fiscal years against ₹34.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹299 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
XPRO India Ltd earns a ROCE of 4% in FY26. That is up from a trough of −2% in FY15. Return on invested capital clears the cost of that capital by −9.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.0% net margin on 0.41× asset turns.
FY26 ROCE is 4%, recovered from a FY15 trough of −2% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.0% net margin × 0.41× asset turns × 1.60× balance-sheet leverage ≈ 2.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 3.0% − 12.0% = a −9.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
XPRO India Ltd carries total debt of ₹325 Cr against shareholder equity of ₹798 Cr as of Mar 26, a debt-to-equity of 0.41. On the annual view that ratio went from 0.52 in FY22 to 0.41 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹325 Cr against shareholder equity of ₹798 Cr — a debt-to-equity of 0.41. On the annual view, debt-to-equity went from 0.52 (FY22) to 0.41 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 2.1 points of XPRO India Ltd over 8 quarters, the biggest move on the register. That takes promoters to 40.3% of the company. Foreign institutions moved −1.2 points over the same window, to 13.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −2.1 points over 8 quarters to 40.3%; Foreign institutions: −1.2 points over 8 quarters to 13.8%; Domestic institutions: −0.2 points over 8 quarters to 2.9%.
🚨 Why the register moved: promoters drove it (−2.1 points), alongside foreign institutions (−1.2 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
XPRO India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Garware Hi Tech Films LtdGRWRHITECH | 61.9/100Mixed-positive evidence93% evidence | LEADER | 12.7/35 Revenue 0.6% · PAT 2.1% · OPM change 4 pp 88% evidence | 17.6/25 ROCE 18% · OPM 23% 100% evidence | 11.6/20 P/E 49.1× · PEG 0.65 85% evidence | 20.0/20 RS sector 33% · RS bench 67.5% · 1Y 94.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 12.7 + 17.6 + 11.6 + 20 = 61.9 · Decision use: Price leads the evidence: RS versus the benchmark is 67.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 2XPRO India Ltdthis pageXPROINDIA | 44.8/100Mixed-negative evidence81% evidence | LEADER | 16.0/35 Revenue -1.2% · PAT 76.6% · OPM change 10.8 pp 74% evidence | 4.7/25 ROCE 3.8% · OPM 9.1% 100% evidence | 5.0/20 P/E 108× · PEG 4.6 50% evidence | 19.1/20 RS sector 4% · RS bench 34.2% · 1Y 26.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 16 + 4.7 + 5 + 19.1 = 44.8 · Decision use: Price leads the evidence: RS versus the benchmark is 34.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 3Ester Industries LtdESTER | 24.7/100Adverse evidence67% evidence | ASLEEP | 8.3/35 Revenue 7.3% · PAT -80% · OPM change 0.8 pp 83% evidence | 3.4/25 ROCE 2.8% · OPM 12.2% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.0/20 RS sector -23% · RS bench -13.3% · 1Y -26.7%1 of 11 weeks ahead 70% evidence |
| Exact sum: 8.3 + 3.4 + 10 + 3 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is XPRO India Ltd's share price today?
XPRO India Ltd trades at ₹1,500, +35.3% over the past year. The company is valued at ₹3,522 Cr. The stock sits at 100% of its 52-week range of ₹813–₹1,500, +29.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 10 weeks in. — as of 31 July 2026.
What were XPRO India Ltd's latest quarterly results?
XPRO India Ltd reported revenue of ₹174 Cr and net profit of ₹7.6 Cr for the Jun 26 quarter. Earnings per share were ₹3.38. The operating margin was 9.1%, 10.8 pp higher than a year earlier. — as of 31 July 2026.
What is XPRO India Ltd's revenue?
XPRO India Ltd reported revenue of ₹174 Cr in the Jun 26 quarter, +20.4% year on year. For the full FY26 fiscal year, revenue was ₹505 Cr (−5.6%). Over the last 10 years revenue compounded at 6.3% a year. — as of 31 July 2026.
What is XPRO India Ltd's profit?
XPRO India Ltd earned ₹7.6 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹20.0 Cr. The operating margin ran 9.1% in the latest quarter. — as of 31 July 2026.
What is XPRO India Ltd's market cap?
XPRO India Ltd's market capitalisation is ₹3,522 Cr at a share price of ₹1,500. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is XPRO India Ltd's P/E ratio?
XPRO India Ltd trades at a P/E of 108.0×, at the 80th percentile of its own 7-year range, against a long-run median of 46.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does XPRO India Ltd pay a dividend?
Yes — XPRO India Ltd's dividend payout was 24% of profit in FY26, and it recorded a payout in 5 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is XPRO India Ltd overvalued?
On its own history, XPRO India Ltd looks expensive against its own history: its P/E of 108.0× sits at the 80th percentile of its 7-year range (long-run median 46.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
How is XPRO India Ltd performing?
XPRO India Ltd is in a confirmed uptrend, 10 weeks in. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is XPRO India Ltd in?
Mixed — no clean majority across the growth curves, ROCE holding at 3.9% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −1.2% latest, profit growth +76.6% latest, eps growth +66.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is XPRO India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 10 of stage 2), trading +29.9% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is XPRO India Ltd beating the market?
On recent form, yes — XPRO India Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +5,178% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will XPRO India Ltd's share price go up?
This page publishes no price forecast for XPRO India Ltd. What it measures instead: the share price is ₹1,500, the price is in a confirmed uptrend 10 weeks in. Its P/E of 108.0× sits at the 80th percentile of its own 7-year range. — as of 31 July 2026.
Who owns XPRO India Ltd?
Promoters hold 40.3% of XPRO India Ltd, foreign institutions 13.8%, domestic institutions 2.9% and the public 42.9% (latest quarter). The biggest move on the register over the last two years: Promoters cut 2.1 points over 8 quarters. — as of 31 July 2026.
Does XPRO India Ltd have too much debt?
It is moderate — XPRO India Ltd's debt-to-equity is 0.43, and operating profit covers the interest bill 4×. FY26 borrowings were ₹325 Cr against equity of ₹759 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is XPRO India Ltd's capex?
XPRO India Ltd spent ₹560 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹177 Cr, with ₹299 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is XPRO India Ltd's cash flow?
XPRO India Ltd generated ₹20.0 Cr of operating cash flow in FY26 and ₹−157 Cr of free cash flow after ₹177 Cr of capital spending. Reported profit that year was ₹20.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is XPRO India Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 75% of XPRO India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹20.0 Cr against reported profit of ₹20.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 31 July 2026.
Where is XPRO India Ltd in its business cycle?
XPRO India Ltd's FY26 operating margin was 6.0%, against a 13-year band of 1.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.1%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the XPRO India Ltd story?
The sharpest disagreement: the price moved +35.3% in a year while annual EPS moved −51.9% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is XPRO India Ltd a stock worth studying right now?
This is not investment advice. The machine read: XPRO India Ltd's price has outrun its earnings. +35.3% in a year against EPS −51.9% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.