Xchanging Solutions Ltd
Incorporated in 2002, Xchanging Solutions Ltd is an Information Technology services provider[1]
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
29 May - Appointed Mr. Swaminathan Swaminathan as Director and Managing Director & CEO via postal ballot.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 29 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report confirming full regulatory compliance for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Retirement
25 May - Mr. Henry D Souza completed tenure and ceased as Independent Director on May 25, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Newspaper advertisement pertaining to financial results for the quarter and financial year ended March 31, 2025
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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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