Xchanging Solutions Ltd

Xchanging Solutions Ltd

₹ 117 -2.37%
06 May - close price
About

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]

Key Points

Service Offerings
The company offers a wide range of IT services across various categories such as analytics and engineering, applications, cloud, consulting, Insurance BPaaS and BPO, IT Outsourcing, Modern Workplace, and security.[1]

  • Market Cap 1,306 Cr.
  • Current Price 117
  • High / Low 177 / 58.9
  • Stock P/E 15.9
  • Book Value 26.0
  • Dividend Yield 25.6 %
  • ROCE 6.83 %
  • ROE 5.35 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.51 times its book value
  • The company has delivered a poor sales growth of -7.39% over past five years.
  • Company has a low return on equity of 7.18% over last 3 years.
  • Earnings include an other income of Rs.394 Cr.

* 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

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
10 11 10 11 12 11 10 10 9 9 9 9 9
7 10 7 7 7 8 7 7 7 7 6 6 7
Operating Profit 3 1 3 4 5 3 4 4 2 2 3 2 2
OPM % 30% 5% 27% 40% 43% 31% 34% 35% 17% 17% 35% 27% 21%
2 2 2 2 2 2 2 2 2 3 186 5 199
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 5 3 4 6 7 5 5 6 4 4 189 7 201
Tax % -11% -13% 37% -85% 32% 36% -24% 35% 46% 38% 10% 28% 8%
5 3 3 11 5 3 6 4 2 3 170 5 185
EPS in Rs 0.45 0.27 0.25 1.01 0.43 0.30 0.56 0.33 0.17 0.25 15.23 0.46 16.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
173 100 112 150 121 99 56 52 43 41 44 38 35
269 85 99 140 106 113 52 39 31 32 28 28 26
Operating Profit -96 14 13 10 15 -14 4 13 12 9 16 10 9
OPM % -55% 14% 12% 6% 13% -14% 6% 24% 27% 22% 35% 26% 25%
-24 3 20 9 12 11 10 12 16 15 8 9 394
Interest 3 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 3 4 4 4 3 1 0 1 1 1 1 1
Profit before tax -132 14 29 14 23 -6 13 24 26 22 23 19 402
Tax % 2% 53% 26% 48% 41% -8% 57% 32% 14% 18% 3% 22%
-130 6 22 7 14 -7 6 16 23 18 22 15 362
EPS in Rs -11.63 0.58 1.93 0.65 1.22 -0.60 0.50 1.48 2.04 1.63 1.99 1.32 32.52
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -9%
5 Years: -7%
3 Years: -4%
TTM: -14%
Compounded Profit Growth
10 Years: 5%
5 Years: 21%
3 Years: -14%
TTM: 438%
Stock Price CAGR
10 Years: 22%
5 Years: 21%
3 Years: 19%
1 Year: 94%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 7%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 111 111 111 111 111 111 111 111 111 111 111 111 111
Reserves 28 35 56 63 77 70 76 93 116 134 156 170 178
2 2 2 2 1 1 0 0 2 3 2 1 1
43 44 71 75 51 56 56 52 45 44 41 39 48
Total Liabilities 184 192 241 252 241 238 243 256 274 292 310 322 338
4 7 7 7 5 2 0 0 2 2 2 2 1
CWIP -0 -0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 59 59 59 52 52 153 173 52 52 52 52 52 52
122 126 175 193 184 83 70 204 220 239 256 269 285
Total Assets 184 192 241 252 241 238 243 256 274 292 310 322 338

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 11 31 9 19 11 14 9 5 13 11 10
355 -12 -8 4 6 10 9 8 17 8 7 9
-354 -0 0 0 -1 -1 -1 -0 -1 -1 -1 -0
Net Cash Flow 18 -1 24 13 24 20 22 17 22 19 18 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 106 153 139 124 107 70 79 62 70 44 42 34
Inventory Days
Days Payable
Cash Conversion Cycle 106 153 139 124 107 70 79 62 70 44 42 34
Working Capital Days 101 154 58 26 12 -79 -207 -214 -119 -295 -175 -284
ROCE % 17% 13% 17% 11% 13% -3% 7% 12% 12% 9% 9% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.20% 0.04% 0.15% 0.24% 0.24% 0.06% 0.11% 0.05% 0.04% 0.11% 0.11% 0.23%
4.34% 0.37% 0.37% 0.31% 0.31% 0.31% 0.31% 0.31% 0.29% 0.29% 0.29% 0.29%
20.46% 24.59% 24.48% 24.45% 24.45% 24.63% 24.57% 24.63% 24.68% 24.60% 24.58% 24.47%
No. of Shareholders 25,38559,35558,95559,94058,99758,77856,67254,83452,69557,67159,45771,437

* 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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