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Xchanging Solutions Limited XCHANGING NSETECH

Technology · Information Technology Services · India
https://dxc.com/in/en/about-us/xchanging-solutions-limited-investor-relations
Company Profile ↓
₹61.40
-29.30% 1Y
Mkt Cap₹684.02 Cr
P/E11.50
P/B1.89
Div. Yield2.93%
52W High₹92.56
52W Low₹46.34
Book Value₹35.55
EPS (TTM)₹5.34

Company Overview

Xchanging Solutions Limited provides information technology services in India, Europe, the United States, Singapore, and internationally. It provides consulting, data and analytics, and design and engineering; application services, such as application modernization, enterprise application and SaaS, modern applications development, managed applications, testing and digital assurance, and DXC software and cloud Right application; cloud infrastructure services, including cloud advisory and migration, platforms, public, private, hybrid, and multicloud; and information technology outsourcing services comprising business continuity, compute and data center, mainframe, network, and storage and back up. The company offers insurance business process as a service; insurance software; banking BPO solutions; finance and accounting; asset management; intelligent collaboration; modern device management; and support services. In addition, it provides security services, which include cyber risk and compliance, cyber transformation and operations, digital identity, and infrastructure, app, and data protection. The company offers its services to aerospace and defense; automotive; banking and capital markets; consumer and retail; energy, utilities, oil, and gas; healthcare; insurance; life sciences; manufacturing; public sector; technology, media, and telecommunication; and travel, transportation, and hospitality industries. The company was formerly known as Cambridge Solutions Limited and changed its name to Xchanging Solutions Limited in June 2012. Xchanging Solutions Limited was incorporated in 2002 and is based in Bengaluru, India. Xchanging Solutions Limited operates as a subsidiary of Xchanging Mauritius Limited.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 15.0%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 18.1%.

Reasonable Valuation

Trades at a P/E of 11.5, below the sector median of 28.0.

Healthy Margins

Maintains a net profit margin of 29.3%.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.18.

Dividend Income

Offers a dividend yield of 2.93%.

Recent Developments

  • Mar 2026 Revenue of ₹202.92 Cr (+9.7% YoY); net profit ₹59.45 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +9.8%, earnings +19.9%.
  • 5-Year Trend Long-term compounding — revenue CAGR 5.2%, profit CAGR 9.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:5.17%
1 Year:9.75%

Compounded Profit Growth

5 Years:9.81%
1 Year:19.91%

Stock Price Performance

1 Year:-29.30%
6 Months:+1.03%
3 Months:-2.54%
1 Month:-7.23%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 33% of range
₹46.34 ₹92.56
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)44.81 · Neutral
Price Performance
1M-7.23%
3M-2.54%
6M+1.03%
1Y-29.30%
Valuation vs Sector

P/E of 11.50 is below the sector median of 27.95 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 29.3%.
  • Attractive dividend yield of 2.93%.
  • Generates positive free cash flow.

CONS

  • Trading 33.7% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
11.50
Industry PE
27.95
Forward P/E est.
9.59
PEG Ratio
-
Book Value
₹35.55
Price to Book
1.89
P/S
3.69
EV/EBITDA
7.40
Dividend Yield
2.93%

Growth (CAGR)

Revenue 5Y
5.17%
Profit 5Y
9.81%
Revenue (YoY)
9.75%
Earnings (YoY)
19.91%

Profitability & Returns

ROCE
18.11%
ROE
15.01%
ROA
11.37%
Profit Margin
29.30%
Op Margin
33.76%
Gross Margin
40.24%
EPS (Latest Qtr)
₹1.46
EPS (TTM)
₹5.34

Balance Sheet & Liquidity

Debt/Equity
0.18
Quick Ratio
4.72
Current Ratio
4.97
Debt
₹71.11 Cr
Total Assets
₹522.82 Cr
Current Assets
₹345.74 Cr
Working Capital
₹276.24 Cr

Ownership

Promoter Holding
75.00%
Chg in Prom Hold
0.00%
FII / Inst Holding
0.00%
Chg in FII Hold
-0.40%

Financial Snapshot

Enterprise Value
₹684.02 Cr
Total Revenue (TTM)
₹202.92 Cr
EBITDA
₹82.11 Cr
Free Cash Flow
₹41.15 Cr
Operating Cash Flow
₹41.15 Cr
Shares Outstanding
₹11.14 Cr
Gross Margin
40.24%
Payout Ratio
37.45%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 XCHANGING Xchanging Solutions Limited NSETECH 61.40 11.50 ₹684.02 Cr 2.93% 18.11% 15.01% 5.17% 9.81%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,304.00 16.94 ₹8.34 L Cr 2.74% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,130.00 1,412.50 ₹4.58 L Cr 4.29% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,293.40 21.08 ₹3.51 L Cr 4.49% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 176.40 14.04 ₹1.85 L Cr 4.30% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,596.90 29.47 ₹1.56 L Cr 3.12% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,554.00 26.93 ₹1.35 L Cr 1.66% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,640.70 66.08 ₹1.11 L Cr 0.00% 27.64% 21.98% 1.25% -
9 PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH 1,659.50 194.09 ₹1.06 L Cr 0.00% 3.68% 3.45% 2.20% 43.71%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 46.00 Cr44.00 Cr43.00 Cr42.00 Cr44.00 Cr44.00 Cr44.00 Cr45.64 Cr50.74 Cr49.99 Cr53.00 Cr48.82 Cr51.30 Cr
Cost of Revenue -------28.58 Cr30.20 Cr30.21 Cr-29.66 Cr29.31 Cr
Gross Profit -------17.06 Cr20.54 Cr19.78 Cr-19.16 Cr21.99 Cr
Operating Expenses 33.00 Cr30.00 Cr32.00 Cr31.00 Cr35.00 Cr33.00 Cr34.00 Cr2.93 Cr3.21 Cr3.43 Cr36.00 Cr3.08 Cr2.92 Cr
Operating Income 13.00 Cr14.00 Cr12.00 Cr11.00 Cr10.00 Cr11.00 Cr11.00 Cr14.13 Cr17.33 Cr16.35 Cr17.00 Cr16.08 Cr19.07 Cr
EBITDA 13.00 Cr14.00 Cr12.00 Cr11.00 Cr10.00 Cr11.00 Cr11.00 Cr18.04 Cr21.04 Cr20.15 Cr17.00 Cr19.33 Cr22.33 Cr
Interest Expense 00002.00 Cr2.00 Cr2.00 Cr1.62 Cr1.50 Cr1.31 Cr1.00 Cr1.36 Cr1.39 Cr
Pretax Income 16.00 Cr17.00 Cr17.00 Cr16.00 Cr16.00 Cr14.00 Cr13.00 Cr16.38 Cr19.52 Cr18.83 Cr19.00 Cr17.97 Cr20.94 Cr
Tax Provision 5.28 Cr25.67 Cr3.23 Cr19.68 Cr3.68 Cr3.78 Cr3.25 Cr1.90 Cr4.87 Cr5.06 Cr2.66 Cr4.79 Cr4.70 Cr
Net Income 11.00 Cr-9.00 Cr14.00 Cr-4.00 Cr12.00 Cr11.00 Cr10.00 Cr14.48 Cr14.65 Cr13.77 Cr16.00 Cr13.18 Cr16.24 Cr
Diluted EPS 0.99-0.811.24-0.321.110.950.881.301.321.241.461.181.46

Profit & Loss (Annual)

Figures in INR.

Metric Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 287.00 Cr279.00 Cr307.00 Cr186.00 Cr184.00 Cr182.00 Cr196.00 Cr-174.42 Cr174.42 Cr184.90 Cr202.92 Cr
Cost of Revenue --------115.92 Cr119.82 Cr119.48 Cr121.26 Cr
Gross Profit --------58.50 Cr54.60 Cr65.42 Cr81.66 Cr
Operating Expenses 286.00 Cr252.00 Cr298.00 Cr160.00 Cr141.00 Cr134.00 Cr140.00 Cr-9.40 Cr5.87 Cr12.66 Cr13.15 Cr
Operating Income -4.00 Cr24.00 Cr6.00 Cr25.00 Cr43.00 Cr47.00 Cr54.00 Cr-49.10 Cr48.73 Cr52.76 Cr68.51 Cr
EBITDA 1.00 Cr28.00 Cr9.00 Cr26.00 Cr43.00 Cr48.00 Cr55.00 Cr-60.31 Cr68.59 Cr70.06 Cr82.11 Cr
Interest Expense 1.00 Cr000000-10.00 L1.87 Cr6.36 Cr5.40 Cr
Pretax Income 32.00 Cr39.00 Cr20.00 Cr41.00 Cr57.00 Cr59.00 Cr70.00 Cr-59.60 Cr66.18 Cr63.41 Cr76.70 Cr
Tax Provision 6.72 Cr9.36 Cr1.60 Cr9.02 Cr10.26 Cr4.72 Cr7.00 Cr-14.70 Cr52.48 Cr13.83 Cr17.25 Cr
Net Income 25.00 Cr29.00 Cr18.00 Cr32.00 Cr47.00 Cr55.00 Cr62.00 Cr-44.90 Cr13.70 Cr49.58 Cr59.45 Cr
Diluted EPS 2.252.621.642.844.194.915.60-4.031.234.455.34

Balance Sheet (Annual)

Figures in INR.

Metric Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 409.00 Cr412.00 Cr452.00 Cr468.00 Cr513.00 Cr573.00 Cr625.00 Cr-743.16 Cr523.06 Cr504.24 Cr522.82 Cr
Current Assets --------542.87 Cr337.05 Cr328.77 Cr345.74 Cr
Cash & Equivalents --------514.86 Cr307.69 Cr299.94 Cr311.00 Cr
Inventory ------------
Receivables --------7.54 Cr11.44 Cr12.25 Cr16.57 Cr
Total Liabilities --------66.94 Cr169.12 Cr145.57 Cr126.76 Cr
Current Liabilities --------54.61 Cr55.37 Cr71.95 Cr69.50 Cr
Long Term Debt --------0104.26 Cr64.10 Cr47.41 Cr
Total Debt 2.00 Cr1.00 Cr1.00 Cr002.00 Cr3.00 Cr-1.34 Cr105.26 Cr85.47 Cr71.11 Cr
Total Equity 304.00 Cr333.00 Cr350.00 Cr383.00 Cr433.00 Cr496.00 Cr555.00 Cr-676.22 Cr353.94 Cr358.67 Cr396.06 Cr
Shares Outstanding --------11.14 Cr11.14 Cr11.14 Cr11.14 Cr

Cash Flows (Annual)

Figures in INR.

Metric Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 1.00 Cr28.00 Cr38.00 Cr36.00 Cr48.00 Cr46.00 Cr62.00 Cr-42.03 Cr-12.06 Cr48.85 Cr41.15 Cr
Investing Cash Flow 4.00 Cr6.00 Cr8.00 Cr6.00 Cr14.00 Cr24.00 Cr5.00 Cr-9.66 Cr35.48 Cr14.44 Cr12.90 Cr
Financing Cash Flow 0-1.00 Cr-1.00 Cr-1.00 Cr-0-1.00 Cr-2.00 Cr--48.00 L-232.17 Cr-72.42 Cr-49.68 Cr
Capital Expenditure -5.00 Cr-2.00 Cr01.00 Cr0-1.00 Cr-1.00 Cr-9.00 L--2.00 L--
Free Cash Flow -4.00 Cr26.00 Cr38.00 Cr37.00 Cr48.00 Cr45.00 Cr61.00 Cr-42.03 Cr-12.08 Cr48.85 Cr41.15 Cr
Net Change in Cash 5.00 Cr33.00 Cr45.00 Cr42.00 Cr62.00 Cr69.00 Cr65.00 Cr-51.21 Cr-208.75 Cr-9.13 Cr4.37 Cr

Ratios (Annual)

Figures in %.

Metric Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------33.5%31.3%35.4%40.2%
Operating Margin % -1.4%8.6%2.0%13.4%23.4%25.8%27.6%-28.2%27.9%28.5%33.8%
Net Margin % 8.7%10.4%5.9%17.2%25.5%30.2%31.6%-25.7%7.9%26.8%29.3%
ROE % 8.2%8.7%5.1%8.4%10.9%11.1%11.2%-6.6%3.9%13.8%15.0%
ROCE % --------7.1%10.4%12.2%15.1%

Shareholding Pattern

Insiders
75.00%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

Recent headlines for XCHANGING

Google News Fri, 04 Sep 2026

Xchanging Solutions Ltd. Stock News - Value Research

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Google News Mon, 10 Aug 2026

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Google News Sat, 22 Aug 2026

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Google News Fri, 21 Aug 2026

Xchanging Solutions shares FY26 annual report web-link - scanx.trade

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Google News Mon, 24 Aug 2026

Xchanging (XCHANGING.NS) Earnings Snapshot: The Company Reports Its Latest Available Figures in the Latest Session; Post-Earnings: The Stock Loses 0.21% in the Available Record - Earnings Revision Report - siam.in

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XCHANGING — Frequently Asked Questions

What is the current share price of Xchanging Solutions Limited (XCHANGING)?

As of 2026-09-08 04:53 IST, Xchanging Solutions Limited (XCHANGING) trades at ₹61.40 on NSE. Its 52-week range is ₹46.34 to ₹92.56.

What is the market capitalisation of XCHANGING?

Xchanging Solutions Limited (XCHANGING) has a market capitalisation of ₹684.02 Cr on NSE.

What is the P/E ratio of XCHANGING?

XCHANGING trades at a trailing price-to-earnings (P/E) ratio of 11.50. The industry average P/E is 27.95. Its price-to-book (P/B) ratio is 1.89.

Does XCHANGING pay a dividend?

Xchanging Solutions Limited (XCHANGING) currently offers a dividend yield of 2.93%.

What is the return on equity (ROE) of XCHANGING?

XCHANGING has a return on equity (ROE) of 15.01%. Its return on capital employed (ROCE) is 18.11%.

Is XCHANGING a good stock to buy?

This page provides a data-driven analysis of Xchanging Solutions Limited (XCHANGING), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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