Xchanging Solutions Ltd

₹ 65.6 0.74%

01 Jun - close price

xchanging.com BSE: 532616 NSE: XCHANGING

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

Website BSE NSE

Market Cap ₹ 732 Cr.
Current Price ₹ 65.6
High / Low ₹ 105 / 47.5
Stock P/E 12.3
Book Value ₹ 35.6
Dividend Yield 3.05 %
ROCE 18.0 %
ROE 15.8 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has been maintaining a healthy dividend payout of 949%

Cons

The company has delivered a poor sales growth of 0.72% over past five years.
Company has a low return on equity of 9.83% over last 3 years.

* 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

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE Information Technology

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	46	44	43	42	44	44	44	46	51	50	53	49	51
	33	30	32	31	35	33	34	31	33	34	36	33	32
Operating Profit	13	14	12	11	10	11	11	14	17	16	17	16	19
OPM %	29%	32%	27%	27%	22%	24%	24%	31%	34%	33%	32%	33%	37%
	3	4	6	5	8	6	4	4	4	4	3	3	3
Interest	0	0	0	0	2	2	2	2	2	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	16	17	17	16	16	14	13	16	20	19	19	18	21
Tax %	33%	151%	19%	123%	23%	27%	25%	12%	25%	27%	14%	27%	22%
	11	-9	14	-4	12	11	10	14	15	14	16	13	16
EPS in Rs	0.99	-0.81	1.24	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2014	Dec 2015	Mar 2017 15m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	287	279	307	186	184	182	196	174	174	174	185	203
	286	252	298	160	141	134	140	121	125	128	132	134
Operating Profit	1	28	9	26	43	48	55	53	50	47	53	69
OPM %	0%	10%	3%	14%	23%	26%	28%	31%	28%	27%	29%	34%
	36	15	14	16	15	13	16	9	11	22	17	14
Interest	1	0	0	0	0	0	0	0	0	2	6	5
Depreciation	5	4	3	1	0	1	1	1	1	1	0	0
Profit before tax	32	39	20	41	57	59	70	61	60	66	63	77
Tax %	21%	24%	8%	22%	18%	8%	10%	14%	25%	79%	22%	22%
	25	29	18	32	47	55	62	53	45	14	50	59
EPS in Rs	2.25	2.62	1.64	2.84	4.19	4.91	5.60	4.72	4.03	1.23	4.45	5.34
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	2,765%	45%	37%

Compounded Sales Growth
10 Years:	-3%
5 Years:	1%
3 Years:	5%
TTM:	10%

Compounded Profit Growth
10 Years:	7%
5 Years:	-1%
3 Years:	10%
TTM:	20%

Stock Price CAGR
10 Years:	-2%
5 Years:	-2%
3 Years:	-1%
1 Year:	-35%

Return on Equity
10 Years:	9%
5 Years:	9%
3 Years:	10%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	193	222	239	272	322	385	444	502	565	243	247	285
	2	1	1	0	0	2	3	2	1	105	85	71
	103	78	101	84	80	75	67	61	66	64	60	56
Total Liabilities	409	412	452	468	513	573	625	676	743	523	504	523
	166	164	161	159	159	161	160	161	160	159	158	158
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	101	122	0	0	0	0	0	0	0	0
	243	249	190	188	355	412	465	516	583	364	346	364
Total Assets	409	412	452	468	513	573	625	676	743	523	504	523

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	28	38	36	48	46	62	35	42	-12	47	41
	4	6	8	6	14	24	5	15	34	37	16	13
	0	-1	-1	-1	-0	-1	-2	-1	-0	-232	-70	-50
Net Cash Flow	5	33	45	42	62	69	65	49	75	-207	-8	4
Free Cash Flow	-4	26	38	37	48	45	61	35	42	-12	47	41
CFO/OP	485%	113%	451%	142%	128%	113%	124%	84%	113%	98%	109%	96%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	85	60	55	61	57	41	17	31	16	24	24	30
Inventory Days												0
Days Payable
Cash Conversion Cycle	85	60	55	61	57	41	17	31	16	24	24	30
Working Capital Days	23	22	-17	-30	-44	-21	-65	-32	-56	-55	-86	-64
ROCE %	7%	12%	6%	11%	14%	13%	13%	10%	9%	12%	15%	18%

Insights

In beta

Dec 2015

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Employee Attrition Rate
% ・Standalone data

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx	x.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
			xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx

Please log in to see hidden values.

Employee Headcount
Number (Permanent) ・Standalone data

Revenue Contribution from USA
% of Consolidated Revenue

Revenue from Time & Material and Maintenance (T&M/AMC) Contracts
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.04%	0.11%	0.11%	0.23%	0.09%	0.08%	0.07%	0.01%	0.09%	0.00%	0.01%	0.11%
	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%
	24.68%	24.60%	24.58%	24.47%	24.61%	24.62%	24.63%	24.70%	24.61%	24.69%	24.69%	24.60%
No. of Shareholders	52,695	57,671	59,457	71,437	72,997	74,629	77,197	81,445	81,416	79,663	77,624	75,079

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	78.77%	78.77%	90.80%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.00%	0.00%	0.00%	0.04%	0.24%	0.24%	0.05%	0.23%	0.01%	0.11%
	0.36%	0.37%	0.36%	5.16%	4.64%	0.31%	0.31%	0.29%	0.29%	0.29%
	20.87%	20.86%	8.84%	19.80%	20.12%	24.45%	24.63%	24.47%	24.70%	24.60%
No. of Shareholders	16,672	15,495	14,859	16,369	20,300	59,940	54,834	71,437	81,445	75,079

* 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.

Xchanging Solutions Ltd

Xchanging Solutions Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Concalls