Xchanging Solutions Ltd
Xchanging Solutions Ltd is an IT services provider with operations in India and an international presence established through subsidiaries in USA, Singapore and the UK. and global Operations in 70 plus countries. [1]
- Market Cap ₹ 1,100 Cr.
- Current Price ₹ 98.8
- High / Low ₹ 143 / 79.2
- Stock P/E 56.2
- Book Value ₹ 26.0
- Dividend Yield 32.4 %
- ROCE 7.81 %
- ROE 6.49 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 57.2%
Cons
- The company has delivered a poor sales growth of -1.95% over past five years.
- Earnings include an other income of Rs.16.3 Cr.
- Debtor days have increased from 42.2 to 52.4 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Mar 2017 15m | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
112 | 150 | 121 | 99 | 56 | 52 | 43 | 41 | 44 | 38 | 37 | 39 | |
99 | 140 | 106 | 113 | 52 | 39 | 31 | 32 | 28 | 28 | 28 | 31 | |
Operating Profit | 13 | 10 | 15 | -14 | 4 | 13 | 12 | 9 | 16 | 10 | 9 | 8 |
OPM % | 12% | 6% | 13% | -14% | 6% | 24% | 27% | 22% | 35% | 26% | 25% | 20% |
20 | 9 | 12 | 11 | 10 | 12 | 16 | 15 | 8 | 9 | 398 | 16 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 4 | 4 | 4 | 3 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
Profit before tax | 29 | 14 | 23 | -6 | 13 | 24 | 26 | 22 | 23 | 19 | 407 | 24 |
Tax % | 26% | 48% | 41% | 8% | 57% | 32% | 14% | 18% | 3% | 22% | 10% | 17% |
22 | 7 | 14 | -7 | 6 | 16 | 23 | 18 | 22 | 15 | 366 | 20 | |
EPS in Rs | 1.93 | 0.65 | 1.22 | -0.60 | 0.50 | 1.48 | 2.04 | 1.63 | 1.99 | 1.32 | 32.90 | 1.76 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 58% | 114% |
Compounded Sales Growth | |
---|---|
10 Years: | -13% |
5 Years: | -2% |
3 Years: | -4% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | -3% |
3 Years: | -4% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 22% |
3 Years: | 12% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
Reserves | 56 | 63 | 77 | 70 | 76 | 93 | 116 | 134 | 156 | 170 | 203 | 178 |
2 | 2 | 1 | 1 | 0 | 0 | 2 | 3 | 2 | 1 | 1 | 0 | |
71 | 75 | 51 | 56 | 56 | 52 | 45 | 44 | 41 | 39 | 38 | 35 | |
Total Liabilities | 241 | 252 | 241 | 238 | 243 | 256 | 274 | 292 | 310 | 322 | 353 | 325 |
7 | 7 | 5 | 2 | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 59 | 52 | 52 | 153 | 173 | 52 | 52 | 52 | 52 | 52 | 52 | 52 |
175 | 193 | 184 | 83 | 70 | 204 | 220 | 239 | 256 | 269 | 300 | 273 | |
Total Assets | 241 | 252 | 241 | 238 | 243 | 256 | 274 | 292 | 310 | 322 | 353 | 325 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 9 | 19 | 11 | 14 | 9 | 5 | 13 | 11 | 10 | -33 | 13 | |
-8 | 4 | 6 | 10 | 9 | 8 | 17 | 8 | 7 | 9 | 412 | 14 | |
0 | 0 | -1 | -1 | -1 | -0 | -1 | -1 | -1 | -0 | -335 | -45 | |
Net Cash Flow | 24 | 13 | 24 | 20 | 22 | 17 | 22 | 19 | 18 | 18 | 45 | -18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 139 | 124 | 107 | 70 | 79 | 62 | 70 | 44 | 42 | 34 | 41 | 52 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 139 | 124 | 107 | 70 | 79 | 62 | 70 | 44 | 42 | 34 | 41 | 52 |
Working Capital Days | 58 | 26 | 12 | -79 | -207 | -214 | -119 | -295 | -175 | -284 | -280 | -246 |
ROCE % | 17% | 11% | 13% | -3% | 7% | 12% | 12% | 9% | 9% | 7% | 33% | 8% |
Documents
Announcements
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Appointment Of Internal Auditor
10h - Approved FY25 audited results, recommended 20% final dividend, appointed new independent director and internal auditor.
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Announcement under Regulation 30 (LODR)-Change in Directorate
10h - Approved FY25 audited results, recommended 20% final dividend, appointed independent director and internal auditor.
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Record Date For Final Dividend For The Financial Year Ended March 31, 2025
11h - Approved FY25 audited results with unmodified opinion; recommended 20% final dividend; appointed new independent director and internal auditor.
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Announcement under Regulation 30 (LODR)-Dividend Updates
11h - Approved FY25 audited results, recommended 20% final dividend, appointed new independent director and internal auditor.
- Financial Results For The Quarter And Financial Year Ended March 31, 2025 11h
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Service Offerings
The company offers IT services across various categories such as Analytics and Engineering, Applications, Cloud, Consulting, Insurance Software and BPS, IT Outsourcing, Modern Workplace & Security. [1]