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Xchanging Solutions

XCHANGING NSE
₹58.09 No trade today
P/E
10.64
View as Markdown
MCP
Close 4 Nov 2026 ₹58.09 −31.84 −35.4% 1Y
Start ₹89.93

Key Fundamentals

MicrocapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
18.00%
Debt to Equity
0.18
EPS (TTM)
₹5.46
Book Value
₹37.21
Market Cap
—
P/E (TTM)
10.64
P/B
1.56
ROE
15.80%
Dividend Yield
3.45%
EBITDA
₹82.10 Cr
52W High
₹93.94
52W Low
₹47.50
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Xchanging Solutions peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Xchanging Solutions (this company)
₹58.0910.64₹652 Cr1.563.45%15.80%18.00%₹207 Cr₹60 Cr
Median 8 companies₹1,594.0019.48₹1,85,228 Cr4.940.99%23.45%30.00%₹77,072 Cr₹9,241 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
84
Strong
Cheap vs sector & own history 24% weight
Growth
28
Poor
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
35
Poor
Trend strength, vol-adjusted 12% weight
Ownership
34
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 949%

Weaknesses

2
  • The company has delivered a poor sales growth of 0.72% over past five years.
  • Company has a low return on equity of 9.82% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
48.32
Neutral
MACD (12,26,9)
−1.11
Bullish
SMA (50)
60.26
Bearish
SMA (200)
63.85
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+0.70%
3Y+5.27%
1Y+9.73%
TTM+8.38%

Net profit

Net profit growth by window
10YIrregular period
5Y−0.99%
3Y+9.45%
1Y+18.00%
TTM+13.21%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y−7.94%
3Y−0.80%
1Y−16.33%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y+5.93 pp
3Y+5.25 pp
1Y+5.34 pp
TTM+3.45 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2015₹279 Cr
Mar 2018₹186 Cr
Mar 2019₹184 Cr
Mar 2020₹182 Cr
Mar 2021₹196 Cr
Mar 2022₹174 Cr
Mar 2023₹174 Cr
Mar 2024₹174 Cr
Mar 2025₹185 Cr
Mar 2026₹203 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2015₹29.00 Cr
Mar 2018₹32.00 Cr
Mar 2019₹47.00 Cr
Mar 2020₹55.00 Cr
Mar 2021₹62.00 Cr
Mar 2022₹53.00 Cr
Mar 2023₹45.00 Cr
Mar 2024₹14.00 Cr
Mar 2025₹50.00 Cr
Mar 2026₹59.00 Cr

Quarterly Results

₹ Cr
XCHANGING quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
44
43
42
44
44
44
46
51
50
53
49
51
54
53
Expenses
30
32
31
35
33
34
31
33
34
36
33
32
36
35
Operating Profit
14
12
11
10
11
11
14
17
16
17
16
19
18
18
OPM %
32%
27%
27%
22%
24%
24%
31%
34%
33%
32%
33%
37%
34%
35%
Other Income
4
6
5
8
6
4
4
4
4
3
3
3
4
4
Interest
0
0
0
2
2
2
2
2
1
1
1
1
1
1
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
17
17
16
16
14
13
16
20
19
19
18
21
20
21
Tax %
151%
19%
123%
23%
27%
25%
12%
25%
27%
14%
27%
22%
26%
28%
Net Profit
−9
14
−4
12
11
10
14
15
14
16
13
16
15
15
EPS (₹)
−0.81
1.24
−0.32
1.11
0.95
0.88
1.3
1.32
1.24
1.46
1.18
1.46
1.36
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
XCHANGING profit and loss, annual, ₹ crore
Particulars Dec 2014Dec 2015Mar 2017 15mMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
287
279
307
186
184
182
196
174
174
174
185
203
207
Expenses
286
252
298
160
141
134
140
121
125
128
132
134
136
Operating Profit
1
28
9
26
43
48
55
53
50
47
53
69
70
OPM %
0.2%
10%
3%
14%
23%
26%
28%
31%
28%
27%
29%
34%
34%
Other Income
36
15
14
16
15
13
16
9
11
22
17
14
13
Interest
1
0
0
0
0
0
0
0
0
2
6
5
5
Depreciation
5
4
3
1
0
1
1
1
1
1
0
0
0
PBT
32
39
20
41
57
59
70
61
60
66
63
77
78
Tax %
21%
24%
8%
22%
18%
8%
10%
14%
25%
79%
22%
22%
—
Net Profit
25
29
18
32
47
55
62
53
45
14
50
59
61
EPS (₹)
2.25
2.62
1.64
2.84
4.19
4.91
5.6
4.72
4.03
1.23
4.45
5.34
5.46
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
45%
37%
—

Balance Sheet

₹ Cr
XCHANGING balance sheet, annual, ₹ crore
Particulars Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
2
1
1
0
0
2
3
2
1
105
85
71
Other Liabilities
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
Fixed Assets
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
Other Assets
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 Flow

₹ Cr
XCHANGING cash flow, annual, ₹ crore
Particulars Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
28
38
36
48
46
62
35
42
−12
49
41
Investing
4
6
8
6
14
24
5
15
34
37
16
20
Financing
0
−1
−1
−1
0
−1
−2
−1
0
−232
−72
−50
Net Cash Flow
5
33
45
42
62
69
65
49
75
−207
−8
11
Free Cash Flow
−4
26
38
37
48
45
61
35
42
−12
49
41
CFO/OP
485
113
451
142
128
113
124
84
113
98
113
96

Ratios

XCHANGING financial ratios, annual
Particulars Dec 2014Dec 2015Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
85
60
55
61
57
41
17
31
16
24
24
30
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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Xchanging Solutions insights

60 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • Public 22.78%
  • Others 2.21%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY24 concall · Aug 2023
    PPT
  • Concall · May 2019
    PPT

Frequently Asked Questions about Xchanging Solutions

What does Xchanging Solutions Ltd do?
Incorporated in 2002, Xchanging Solutions Ltd is an Information Technology services provider
Where is Xchanging Solutions Ltd (XCHANGING) listed?
Xchanging Solutions Ltd trades as XCHANGING on the NSE and under code 532616 on the BSE.
Which sector does Xchanging Solutions Ltd belong to?
Xchanging Solutions Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Xchanging Solutions Ltd?
Xchanging Solutions Ltd trades at a PE ratio of 10.64 as of 4 Nov 2026, on earnings per share of ₹5.46, against a book value of ₹37.21 per share.
What is the 52-week high and low of Xchanging Solutions Ltd?
Over the last 52 weeks Xchanging Solutions Ltd has traded between ₹47.5 and ₹93.94 as of 4 Nov 2026.
Does Xchanging Solutions Ltd pay dividends?
Xchanging Solutions Ltd has a dividend yield of 3.45%.
What is the Return on Equity (ROE) of Xchanging Solutions Ltd?
Xchanging Solutions Ltd reported a return on equity of 15.80%. Its debt-to-equity ratio is 0.18.

Company Information

Incorporated in 2002, Xchanging Solutions Ltd is an Information Technology services provider

Website xchanging.com
CEO Mr. Swaminathan Swaminathan
Employees 95
Listed 10 Mar 2005
Face Value ₹10

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