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 ₹ 1,362 Cr.
- Current Price ₹ 122
- High / Low ₹ 177 / 58.2
- Stock P/E 110
- Book Value ₹ 46.0
- Dividend Yield 24.5 %
- ROCE 9.23 %
- ROE 6.96 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 21.4 to 15.8 days.
Cons
- Stock is trading at 2.69 times its book value
- The company has delivered a poor sales growth of -1.27% over past five years.
- Company has a low return on equity of 9.11% over last 3 years.
- Earnings include an other income of Rs.17.2 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
552 | 209 | 243 | 287 | 279 | 307 | 186 | 184 | 182 | 196 | 174 | 174 | 176 | |
1,096 | 194 | 226 | 286 | 252 | 298 | 160 | 141 | 134 | 140 | 121 | 125 | 126 | |
Operating Profit | -544 | 15 | 17 | 1 | 28 | 9 | 26 | 43 | 48 | 55 | 53 | 50 | 50 |
OPM % | -99% | 7% | 7% | 0% | 10% | 3% | 14% | 23% | 26% | 28% | 31% | 28% | 28% |
1,113 | 11 | 27 | 36 | 15 | 14 | 16 | 15 | 13 | 16 | 9 | 11 | 17 | |
Interest | 5 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 13 | 5 | 5 | 5 | 4 | 3 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 550 | 21 | 39 | 32 | 39 | 20 | 41 | 57 | 59 | 70 | 61 | 60 | 66 |
Tax % | 2% | 40% | 22% | 21% | 24% | 8% | 22% | 18% | 8% | 10% | 14% | 25% | |
537 | 12 | 30 | 25 | 29 | 18 | 32 | 47 | 55 | 62 | 53 | 45 | 12 | |
EPS in Rs | 48.24 | 1.10 | 2.72 | 2.25 | 2.62 | 1.64 | 2.84 | 4.19 | 4.91 | 5.60 | 4.72 | 4.03 | 1.10 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | -1% |
3 Years: | -1% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | -6% |
TTM: | -73% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 21% |
3 Years: | 25% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 126 | 139 | 167 | 193 | 222 | 239 | 272 | 322 | 385 | 444 | 502 | 565 | 400 |
2 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 2 | 3 | 2 | 1 | 1 | |
77 | 74 | 105 | 103 | 78 | 101 | 84 | 80 | 75 | 67 | 61 | 66 | 73 | |
Total Liabilities | 315 | 326 | 386 | 409 | 412 | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 586 |
164 | 166 | 166 | 166 | 164 | 161 | 159 | 159 | 161 | 160 | 161 | 160 | 160 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 101 | 122 | 0 | 0 | 0 | 0 | 0 | 0 |
151 | 159 | 220 | 243 | 249 | 190 | 188 | 355 | 412 | 465 | 516 | 583 | 426 | |
Total Assets | 315 | 326 | 386 | 409 | 412 | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 586 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-105 | 14 | 34 | 1 | 28 | 38 | 36 | 48 | 46 | 62 | 35 | 42 | |
377 | -13 | -6 | 4 | 6 | 8 | 6 | 14 | 24 | 5 | 15 | 34 | |
-322 | -0 | 0 | 0 | -1 | -1 | -1 | -0 | -1 | -2 | -1 | -0 | |
Net Cash Flow | -49 | 2 | 29 | 5 | 33 | 45 | 42 | 62 | 69 | 65 | 49 | 75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 41 | 80 | 70 | 85 | 60 | 55 | 61 | 57 | 41 | 17 | 31 | 16 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 41 | 80 | 70 | 85 | 60 | 55 | 61 | 57 | 41 | 17 | 31 | 16 |
Working Capital Days | 17 | 43 | 6 | 23 | 22 | -17 | -30 | -44 | -19 | -63 | -31 | -55 |
ROCE % | 8% | 11% | 13% | 7% | 12% | 6% | 11% | 14% | 13% | 13% | 10% | 9% |
Documents
Announcements
- Yearly Compliance Certificate Pursuant To Regulation 40(10) Of The SEBI (LODR) Regulations 2015 4 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr
- Compliance Certificate For The Financial Year Ended March 31, 2024 3 Apr
- Intimation Of Change In The Contact Details Of The Company 19 Mar
- Closure of Trading Window 19 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
-
Financial Year 2009
from nse
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]