Xchanging Solutions Ltd

Xchanging Solutions Ltd

₹ 92.5 0.10%
04 Nov - close price
About

Incorporated in 2002, Xchanging Solutions Ltd is an Information Technology services provider[1]

Key Points

Business Overview:[1]
XSL is in the business of providing IT Software, IT Hardware & ITES, and computer programming services, with operations in India and abroad

  • Market Cap 1,031 Cr.
  • Current Price 92.5
  • High / Low 122 / 79.2
  • Stock P/E 25.8
  • Book Value 26.6
  • Dividend Yield 2.16 %
  • ROCE 7.80 %
  • ROE 6.48 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 72.4%

Cons

  • The company has delivered a poor sales growth of -1.95% over past five years.
  • Earnings include an other income of Rs.30.7 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
10 9 9 9 9 9 11 9 9 9 12 11 12
7 7 7 6 6 7 9 8 8 7 8 8 9
Operating Profit 4 2 2 3 2 2 2 2 1 1 3 3 3
OPM % 35% 17% 17% 35% 27% 21% 18% 18% 12% 16% 30% 29% 27%
2 2 3 186 5 199 8 5 4 4 3 3 20
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 6 4 4 189 7 201 9 7 5 5 7 7 23
Tax % 35% 46% 38% 10% 28% 8% 26% 28% 31% -27% 28% 28% -3%
4 2 3 170 5 185 7 5 3 6 5 5 24
EPS in Rs 0.33 0.17 0.25 15.23 0.46 16.58 0.63 0.46 0.29 0.56 0.45 0.42 2.15
Raw PDF

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 TTM
112 150 121 99 56 52 43 41 44 38 37 39 43
99 140 106 113 52 39 31 32 28 28 28 31 32
Operating Profit 13 10 15 -14 4 13 12 9 16 10 9 8 11
OPM % 12% 6% 13% -14% 6% 24% 27% 22% 35% 26% 25% 20% 26%
20 9 12 11 10 12 16 15 8 9 398 16 31
Interest 0 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 0
Profit before tax 29 14 23 -6 13 24 26 22 23 19 407 24 42
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 40
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 3.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 103% 114%
Compounded Sales Growth
10 Years: -13%
5 Years: -2%
3 Years: -4%
TTM: 12%
Compounded Profit Growth
10 Years: 9%
5 Years: -3%
3 Years: -4%
TTM: -52%
Stock Price CAGR
10 Years: 10%
5 Years: 6%
3 Years: 7%
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 Sep 2025
Equity Capital 111 111 111 111 111 111 111 111 111 111 111 111 111
Reserves 56 63 77 70 76 93 116 134 156 170 203 178 185
2 2 1 1 0 0 2 3 2 1 1 0 0
71 75 51 56 56 52 45 44 41 39 38 35 33
Total Liabilities 241 252 241 238 243 256 274 292 310 322 353 325 329
7 7 5 2 0 0 2 2 2 2 1 0 0
CWIP 0 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 52
175 193 184 83 70 204 220 239 256 269 300 273 277
Total Assets 241 252 241 238 243 256 274 292 310 322 353 325 329

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 -125 -303 -178 -287 -284 -246
ROCE % 17% 11% 13% -3% 7% 12% 12% 9% 9% 7% 33% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.11% 0.05% 0.04% 0.11% 0.11% 0.23% 0.09% 0.08% 0.07% 0.01% 0.09% 0.00%
0.31% 0.31% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
24.57% 24.63% 24.68% 24.60% 24.58% 24.47% 24.61% 24.62% 24.63% 24.70% 24.61% 24.69%
No. of Shareholders 56,67254,83452,69557,67159,45771,43772,99774,62977,19781,44581,41679,663

* 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.

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