Xchanging Solutions Ltd

Xchanging Sol. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Xchanging Solutions Ltd

₹ 116 -1.74%
13 Dec - close price
xchanging.com BSE: 532616 NSE: XCHANGING
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 IT services across various categories such as Analytics and Engineering, Applications, Cloud, Consulting, Insurance Software and BPS, IT Outsourcing, Modern Workplace & Security. [1]

Website BSE NSE
  • Market Cap ₹ 1,296 Cr.
  • Current Price ₹ 116
  • High / Low ₹ 177 / 101
  • Stock P/E 44.2
  • Book Value ₹ 29.7
  • Dividend Yield 27.5 %
  • ROCE 11.9 %
  • ROE 2.66 %
  • Face Value ₹ 10.0
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Pros

  • Stock is providing a good dividend yield of 27.5%.

Cons

  • Stock is trading at 3.92 times its book value
  • The company has delivered a poor sales growth of -1.07% over past five years.
  • Company has a low return on equity of 6.37% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.22.1 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

Part of BSE Allcap BSE Information Technology BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
41.96 42.54 45.07 43.90 43.39 41.36 45.77 44.22 43.26 42.48 44.46 44.06 44.46
29.02 28.94 30.95 29.10 29.77 33.32 32.62 30.25 31.64 31.17 34.60 33.41 33.58
Operating Profit 12.94 13.60 14.12 14.80 13.62 8.04 13.15 13.97 11.62 11.31 9.86 10.65 10.88
OPM % 30.84% 31.97% 31.33% 33.71% 31.39% 19.44% 28.73% 31.59% 26.86% 26.62% 22.18% 24.17% 24.47%
1.95 2.47 2.01 1.91 3.14 2.27 3.38 3.64 5.57 4.62 8.00 5.57 3.88
Interest 0.04 0.03 0.03 0.03 0.02 0.03 0.02 0.02 0.02 0.20 1.63 1.62 1.62
Depreciation 0.23 0.28 0.17 0.15 0.15 0.16 0.15 0.15 0.15 0.12 0.12 0.12 0.11
Profit before tax 14.62 15.76 15.93 16.53 16.59 10.12 16.36 17.44 17.02 15.61 16.11 14.48 13.03
Tax % -28.66% 23.41% 30.51% 9.50% 27.67% 31.62% 32.64% 151.43% 18.74% 122.68% 23.15% 26.59% 24.64%
18.81 12.07 11.07 14.96 12.00 6.92 11.02 -8.97 13.83 -3.54 12.38 10.63 9.82
EPS in Rs 1.69 1.08 0.99 1.34 1.08 0.62 0.99 -0.81 1.24 -0.32 1.11 0.95 0.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 15m Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
209 243 287 279 307 186 184 182 196 174 174 174 175
194 226 286 252 298 160 141 134 140 121 125 128 133
Operating Profit 15 17 1 28 9 26 43 48 55 53 50 47 43
OPM % 7% 7% 0% 10% 3% 14% 23% 26% 28% 31% 28% 27% 24%
11 27 36 15 14 16 15 13 16 9 11 22 22
Interest 0 1 1 0 0 0 0 0 0 0 0 2 5
Depreciation 5 5 5 4 3 1 0 1 1 1 1 1 0
Profit before tax 21 39 32 39 20 41 57 59 70 61 60 66 59
Tax % 40% 22% 21% 24% 8% 22% 18% 8% 10% 14% 25% 79%
12 30 25 29 18 32 47 55 62 53 45 14 29
EPS in Rs 1.10 2.72 2.25 2.62 1.64 2.84 4.19 4.91 5.60 4.72 4.03 1.23 2.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1,545%
Compounded Sales Growth
10 Years: -3%
5 Years: -1%
3 Years: -4%
TTM: 0%
Compounded Profit Growth
10 Years: -7%
5 Years: -22%
3 Years: -40%
TTM: 28%
Stock Price CAGR
10 Years: 12%
5 Years: 17%
3 Years: 5%
1 Year: 4%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 6%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 111 111 111 111 111 111 111 111 111 111 111 111 111
Reserves 139 167 193 222 239 272 322 385 444 502 565 243 219
2 2 2 1 1 0 0 2 3 2 1 105 106
74 105 103 78 101 84 80 75 67 61 66 64 66
Total Liabilities 326 386 409 412 452 468 513 573 625 676 743 523 502
166 166 166 164 161 159 159 161 160 161 160 159 159
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 101 122 0 0 0 0 0 0 0
159 220 243 249 190 188 355 412 465 516 583 364 343
Total Assets 326 386 409 412 452 468 513 573 625 676 743 523 502

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14 34 1 28 38 36 48 46 62 35 42 -12
-13 -6 4 6 8 6 14 24 5 15 34 37
-0 0 0 -1 -1 -1 -0 -1 -2 -1 -0 -232
Net Cash Flow 2 29 5 33 45 42 62 69 65 49 75 -207

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 70 85 60 55 61 57 41 17 31 16 24
Inventory Days
Days Payable
Cash Conversion Cycle 80 70 85 60 55 61 57 41 17 31 16 24
Working Capital Days 43 6 23 22 -17 -30 -44 -19 -63 -31 -55 -54
ROCE % 11% 13% 7% 12% 6% 11% 14% 13% 13% 10% 9% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
0.15% 0.24% 0.24% 0.06% 0.11% 0.05% 0.04% 0.11% 0.11% 0.23% 0.09% 0.08%
0.37% 0.31% 0.31% 0.31% 0.31% 0.31% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
24.48% 24.45% 24.45% 24.63% 24.57% 24.63% 24.68% 24.60% 24.58% 24.47% 24.61% 24.62%
No. of Shareholders 58,95559,94058,99758,77856,67254,83452,69557,67159,45771,43772,99774,629

* 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.

Documents

Announcements

Annual reports

Concalls

  • Aug 2023
    Transcript
    Notes
    PPT
  • May 2019
    Transcript
    Notes
    PPT