Xchanging Solutions Ltd

Xchanging Solutions Ltd

₹ 101 -0.03%
10 Jun - 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 1,125 Cr.
  • Current Price 101
  • High / Low 143 / 79.2
  • Stock P/E 22.7
  • Book Value 32.2
  • Dividend Yield 1.98 %
  • ROCE 15.4 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 530%

Cons

  • Stock is trading at 3.14 times its book value
  • The company has delivered a poor sales growth of 0.29% over past five years.
  • Company has a low return on equity of 7.13% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
45 44 43 41 46 44 43 42 44 44 44 46 51
31 29 30 33 33 30 32 31 35 33 34 31 33
Operating Profit 14 15 14 8 13 14 12 11 10 11 11 14 17
OPM % 31% 34% 31% 19% 29% 32% 27% 27% 22% 24% 24% 31% 34%
2 2 3 2 3 4 6 5 8 6 4 4 4
Interest 0 0 0 0 0 0 0 0 2 2 2 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 16 17 17 10 16 17 17 16 16 14 13 16 20
Tax % 31% 10% 28% 32% 33% 151% 19% 123% 23% 27% 25% 12% 25%
11 15 12 7 11 -9 14 -4 12 11 10 14 15
EPS in Rs 0.99 1.34 1.08 0.62 0.99 -0.81 1.24 -0.32 1.11 0.95 0.88 1.30 1.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
243 287 279 307 186 184 182 196 174 174 174 185
226 286 252 298 160 141 134 140 121 125 128 132
Operating Profit 17 1 28 9 26 43 48 55 53 50 47 53
OPM % 7% 0% 10% 3% 14% 23% 26% 28% 31% 28% 27% 29%
27 36 15 14 16 15 13 16 9 11 22 17
Interest 1 1 0 0 0 0 0 0 0 0 2 6
Depreciation 5 5 4 3 1 0 1 1 1 1 1 0
Profit before tax 39 32 39 20 41 57 59 70 61 60 66 63
Tax % 22% 21% 24% 8% 22% 18% 8% 10% 14% 25% 79% 22%
30 25 29 18 32 47 55 62 53 45 14 50
EPS in Rs 2.72 2.25 2.62 1.64 2.84 4.19 4.91 5.60 4.72 4.03 1.23 4.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1,545% 45%
Compounded Sales Growth
10 Years: -4%
5 Years: 0%
3 Years: 2%
TTM: 6%
Compounded Profit Growth
10 Years: 12%
5 Years: -2%
3 Years: -2%
TTM: 262%
Stock Price CAGR
10 Years: 15%
5 Years: 17%
3 Years: 14%
1 Year: -14%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 7%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 167 193 222 239 272 322 385 444 502 565 243 247
2 2 1 1 0 0 2 3 2 1 105 85
105 103 78 101 84 80 75 67 61 66 64 60
Total Liabilities 386 409 412 452 468 513 573 625 676 743 523 504
166 166 164 161 159 159 161 160 161 160 159 158
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 101 122 0 0 0 0 0 0 0
220 243 249 190 188 355 412 465 516 583 364 346
Total Assets 386 409 412 452 468 513 573 625 676 743 523 504

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
34 1 28 38 36 48 46 62 35 42 -12 47
-6 4 6 8 6 14 24 5 15 34 37 14
0 0 -1 -1 -1 -0 -1 -2 -1 -0 -232 -70
Net Cash Flow 29 5 33 45 42 62 69 65 49 75 -207 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 70 85 60 55 61 57 41 17 31 16 24 24
Inventory Days 0
Days Payable
Cash Conversion Cycle 70 85 60 55 61 57 41 17 31 16 24 24
Working Capital Days 6 23 22 -17 -30 -44 -19 -63 -31 -55 -54 -44
ROCE % 13% 7% 12% 6% 11% 14% 13% 13% 10% 9% 12% 15%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 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%
0.24% 0.06% 0.11% 0.05% 0.04% 0.11% 0.11% 0.23% 0.09% 0.08% 0.07% 0.01%
0.31% 0.31% 0.31% 0.31% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
24.45% 24.63% 24.57% 24.63% 24.68% 24.60% 24.58% 24.47% 24.61% 24.62% 24.63% 24.70%
No. of Shareholders 58,99758,77856,67254,83452,69557,67159,45771,43772,99774,62977,19781,445

* 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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