Xchanging Solutions Limited
Information Technology›Information Technology›IT - Software›Computers - Software & Consulting
Key metrics
Price as of 2026-07-17
Stock price
₹65.65
Market cap
731 Cr
Stock P/E
12.6
P/B
0.00
Dividend yield
6.1%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 Cr | 44 Cr | 43 Cr | 42 Cr | 44 Cr | 44 Cr | 44 Cr | 46 Cr | 51 Cr | 50 Cr | 53 Cr | 49 Cr |
| Operating expenses (approx.) | 33 Cr | 30 Cr | 32 Cr | 31 Cr | 35 Cr | 33 Cr | 34 Cr | 28 Cr | 33 Cr | 34 Cr | 36 Cr | 33 Cr |
| EBITDA | 13 Cr | 14 Cr | 12 Cr | 11 Cr | 10 Cr | 11 Cr | 11 Cr | 18 Cr | 17 Cr | 16 Cr | 17 Cr | 16 Cr |
| OPM % | 28.7% | 31.6% | 26.9% | 26.6% | 22.2% | 24.2% | 24.5% | 39.5% | 34.2% | 32.7% | 32.2% | 32.9% |
| Other income | 3 Cr | 4 Cr | 6 Cr | 5 Cr | 8 Cr | 6 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr |
| Interest | 0.02 Cr | 0.02 Cr | 0.02 Cr | 0.20 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 1 Cr | 1 Cr |
| Depreciation | 0.15 Cr | 0.15 Cr | 0.15 Cr | 0.12 Cr | 0.12 Cr | 0.12 Cr | 0.11 Cr | 0.04 Cr | 0.02 Cr | 0.01 Cr | 0.0000 Cr | 0.0000 Cr |
| Profit before tax | 16 Cr | 17 Cr | 17 Cr | 16 Cr | 16 Cr | 14 Cr | 13 Cr | 16 Cr | 20 Cr | 19 Cr | 19 Cr | 18 Cr |
| Tax % | 32.6% | 151.4% | 18.7% | 122.7% | 23.2% | 26.6% | 24.6% | 11.6% | 24.9% | 26.9% | 14.2% | 26.7% |
| Net profit | 11 Cr | -9 Cr | 14 Cr | -4 Cr | 12 Cr | 11 Cr | 10 Cr | 14 Cr | 15 Cr | 14 Cr | 16 Cr | 13 Cr |
| EPS (₹) | ₹0.99 | ₹-0.81 | ₹1.24 | ₹-0.32 | ₹1.11 | ₹0.95 | ₹0.88 | ₹1.30 | ₹1.32 | ₹1.24 | ₹1.46 | ₹1.18 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 184 Cr | 182 Cr | 196 Cr | 174 Cr | 174 Cr | 174 Cr | 185 Cr | Sign in for TTM |
| Operating expenses (approx.) | 141 Cr | 134 Cr | 140 Cr | 121 Cr | 125 Cr | 128 Cr | 132 Cr | Sign in for TTM |
| EBITDA | 43 Cr | 48 Cr | 55 Cr | 53 Cr | 50 Cr | 47 Cr | 53 Cr | Sign in for TTM |
| OPM % | 23.2% | 26.4% | 28.3% | 30.6% | 28.4% | 26.8% | 28.7% | Sign in for TTM |
| Other income | 15 Cr | 13 Cr | 16 Cr | 9 Cr | 11 Cr | 22 Cr | 17 Cr | Sign in for TTM |
| Interest | 0.01 Cr | 0.13 Cr | 0.26 Cr | 0.16 Cr | 0.10 Cr | 2 Cr | 6 Cr | Sign in for TTM |
| Depreciation | 0.47 Cr | 1 Cr | 1 Cr | 0.91 Cr | 0.61 Cr | 0.54 Cr | 0.29 Cr | Sign in for TTM |
| Profit before tax | 57 Cr | 59 Cr | 70 Cr | 61 Cr | 60 Cr | 66 Cr | 63 Cr | Sign in for TTM |
| Tax % | 17.8% | 7.7% | 10.4% | 13.6% | 24.7% | 79.3% | 21.8% | Sign in for TTM |
| Net profit | 47 Cr | 55 Cr | 62 Cr | 53 Cr | 45 Cr | 14 Cr | 50 Cr | Sign in for TTM |
| EPS (₹) | ₹4.19 | ₹4.91 | ₹5.61 | ₹4.72 | ₹4.03 | ₹1.23 | ₹4.45 | Sign in for TTM |
| Dividend payout % | — | — | — | 0.0% | 0.0% | 2439.5% | 89.9% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | 111 Cr | 111 Cr | 111 Cr | 111 Cr | 111 Cr | 111 Cr | 111 Cr |
| Reserves | 322 Cr | 385 Cr | 444 Cr | 502 Cr | 565 Cr | 243 Cr | 247 Cr |
| Borrowings | — | — | — | — | — | 104 Cr | 85 Cr |
| Other liabilities | 80 Cr | 77 Cr | 69 Cr | 60 Cr | 67 Cr | 65 Cr | 60 Cr |
| Total liabilities | 513 Cr | 573 Cr | 625 Cr | 673 Cr | 743 Cr | 523 Cr | 504 Cr |
| Fixed assets (net) | 0.31 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 0.04 Cr |
| CWIP | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | — | — | — | 0.0000 Cr |
| Investments | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr | 0.0000 Cr |
| Other assets | 317 Cr | 403 Cr | 421 Cr | 491 Cr | 543 Cr | 337 Cr | 329 Cr |
| Total assets | 513 Cr | 573 Cr | 625 Cr | 673 Cr | 743 Cr | 523 Cr | 504 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 35 Cr | 42 Cr | -12 Cr | 47 Cr |
| Cash from investing | — | — | — | 8 Cr | 10 Cr | 35 Cr | 14 Cr |
| Cash from financing | — | — | — | -1 Cr | -0.48 Cr | -232 Cr | -70 Cr |
| Net cash flow | — | — | — | 42 Cr | 51 Cr | -209 Cr | -9 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 35 Cr | 42 Cr | -12 Cr | 47 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| ROCE % | 9.8% | 9.4% | 9.7% | 8.6% | 7.2% | 10.1% | 11.9% |
| ROE % | 0.0% | 0.0% | 0.0% | 0.0% | 6.6% | 3.9% | 13.8% |
| Debtor days | 57 | 41 | 17 | 31 | 16 | 24 | 24 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 62 | 64 | 43 | 34 | 32 | 38 | 38 |
| Cash conversion cycle | -5 | -23 | -25 | -3 | -17 | -14 | -14 |
| Debt / equity | — | — | — | — | 0.00 | 0.29 | 0.24 |
| Current ratio | 4.08 | 5.38 | 6.62 | 8.87 | 9.94 | 6.09 | 4.57 |
| Net debt / EBITDA | -6.01 | -6.76 | -7.06 | -8.24 | -10.38 | -4.35 | -4.04 |
Compare with peers
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