Xchanging Solutions
Xchanging Solutions Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Xchanging Solutions Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Xchanging Solutions Ltd trades at a P/E of 11.81× and P/B of 1.91×, against the Technology sector median P/E of 18.82×.
Valuation
Profitability
Growth
Financial Health
Xchanging Solutions Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Xchanging Solutions Ltd, switchable between annual and quarterly views, consolidated or standalone.
Xchanging Solutions Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹700.17 Cr and reported EPS of ₹5.34.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 186 | 184 | 182 | 196 | 174 | 174 | 174 | 185 | 203 |
| Other Income | 16 | 15 | 13 | 16 | 9 | 11 | 22 | 17 | 14 |
| Total Income | 202 | 199 | 195 | 212 | 183 | 185 | 196 | 202 | 217 |
| Gross Profit | 186 | 184 | 182 | 196 | 174 | 174 | 174 | 185 | 203 |
| +Operating Expenses | 160 | 141 | 134 | 140 | 121 | 125 | 128 | 132 | 134 |
| EBITDA | 26 | 43 | 48 | 55 | 53 | 50 | 47 | 53 | 69 |
| +Non-Operating Expenses | 1 | 0 | 2 | 2 | 1 | 1 | 2 | 7 | 5 |
| Profit Before Tax (PBT) | 41 | 57 | 59 | 70 | 61 | 60 | 66 | 63 | 77 |
| +Tax Expense | 9 | 10 | 5 | 7 | 8 | 15 | 52 | 14 | 17 |
| Profit After Tax (PAT) | 32 | 47 | 55 | 62 | 53 | 45 | 14 | 50 | 59 |
| Earnings Per Share (EPS) | 2.84 | 4.19 | 4.91 | 5.60 | 4.72 | 4.03 | 1.23 | 4.45 | 5.34 |
| Diluted Shares Outstanding (Nos.) | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| +Additional Disclosures | 163 | 145 | 144 | 139 | 127 | 143 | 128 | 138 | 140 |
| Sales Growth % | — | -0.97 | -1.00 | 7.40 | -10.97 | 0.09 | — | 6.01 | 9.75 |
| YoY Sales Growth % | — | -0.97 | -1.00 | 7.40 | -10.97 | 0.09 | — | 6.01 | 9.75 |
| Employee Cost % | 56 | 48 | 42 | 38 | 36 | 36 | 35 | 34 | 30 |
| Other Cost % | 30 | 29 | 32 | 34 | 34 | 35 | 38 | 37 | 36 |
| OPM % | 14 | 23 | 26 | 28 | 31 | 28 | 27 | 29 | 34 |
| Tax % | 22 | 18 | 8 | 10 | 14 | 25 | 79 | 22 | 22 |
| Profit Growth % | — | 47.63 | 17.11 | 14.15 | -15.81 | -14.59 | -69.49 | 261.90 | 19.91 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 25 | 42 | 47 | 54 | 52 | 49 | 46 | 53 | 69 |
Xchanging Solutions segment analysis: revenue and profit mix.
Disclosed business segments at Xchanging Solutions with their share of revenue and profit, switchable between consolidated and standalone reporting.
Xchanging Solutions discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Xchanging Solutions Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Xchanging Solutions Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Xchanging Solutions Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
High promoter holding (75%) indicates strong management confidence and stability.
Robust operating profit margin (28.53%) demonstrates efficient cost management.
Healthy financial structure with a low debt-to-equity ratio (0.24).
Impressive quarterly profit growth (29.50%) signals strong recent performance.
Attractive dividend yield (4.53%) provides a steady income stream.
What can break it.
Very low institutional investor interest (FII 0.00%, DII 0.29%).
Negative long-term EPS growth over 3Y (-2.07%) and 5Y (-2.02%).
Current price 86.40 significantly below 52-week high 122.50.
Moderate Return on Capital Employed (ROCE 15.40%) suggests less efficient capital use.
Weak 5-year Free Operating Cash Flow (FOCF) CAGR of 0.61%.
What would change my mind.
Trim if P/E re-rates above 15 (~0.8× the sector multiple of 18.8). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 18.45. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 11%. The operating engine is no longer compounding capital efficiently.
Xchanging Solutions Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Xchanging Solutions Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Xchanging Solutions Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Xchanging Solutions Ltd — derived from the live tape, not yesterday's close.
Xchanging Solutions Ltd last traded at ₹63.05 with an intraday range of ₹62–₹63.29 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹63.05| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 66.14 | +3.09 | +4.90% |
| R3 | 64.85 | +1.80 | +2.85% |
| R2 | 64.07 | +1.02 | +1.62% |
| R1 | 63.56 | +0.51 | +0.81% |
| PIVOT | 62.78 | -0.27 | -0.43% |
| CURRENT | 63.05 | — | — |
| S1 | 59.69 | -3.36 | -5.33% |
| S2 | 60.98 | -2.07 | -3.28% |
| S3 | 61.49 | -1.56 | -2.47% |
| S4 | 62.27 | -0.78 | -1.24% |
XCHANGING is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 62.41 ~ 63.29
Trading Inside opening range
Xchanging Solutions Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Xchanging Solutions Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Xchanging Solutions Ltd stood at 63.7% of traded volume, against a 20-day average of 57.7%.
Xchanging Solutions announcements: results, concalls, ratings, M&A.
Filings Xchanging Solutions sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Xchanging Solutions files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 45 documents below.
Copy of Newspaper Publication
Xchanging Solutions Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results
Appointment
Xchanging Solutions Limited has informed the Exchange regarding Appointment of Mr. Shrenik Kumar Champalal as Executive Director of the company…
Change in Auditors
Xchanging Solutions Limited has informed the Exchange regarding Change in Auditors of the company.
General Updates
Xchanging Solutions Limited has informed the Exchange about Re-Appointment of WTD
Record Date
Xchanging Solutions Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Aug-2026.
Xchanging Solutions dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Xchanging Solutions has declared, sequenced by announce and record date.
Xchanging Solutions corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Xchanging Solutions Ltd: business, sector, key facts.
What Xchanging Solutions Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Xchanging Solutions Ltd operates in the Technology, listed as NSE: XCHANGING, BSE: 532616.
Xchanging Solutions Ltd
Xchanging Solutions Limited is a global information technology (IT) services provider with operations spanning India, Europe, the United States, Singapore, and other international locations. Their core business revolves around delivering a comprehensive suite of IT solutions across various sectors, leveraging expertise in consulting, data analytics, design, and engineering to cater to diverse client needs.
The company's service portfolio is extensive and covers several key areas. They offer application services, encompassing application modernization, enterprise application and SaaS solutions, modern application development, managed application services, testing, digital assurance, and support for DXC software and Cloud Right applications. In the realm of cloud infrastructure, they provide advisory, migration services, and support for public, private, hybrid, and multi-cloud environments.
Furthermore, Xchanging offers robust IT outsourcing services, encompassing business continuity planning and execution, compute and data center management, mainframe services, network management, and storage and backup solutions. Their expertise extends to specialized industry solutions, notably in the insurance sector with business process as a service (BPaaS) offerings and insurance software development. They also provide banking business process outsourcing (BPO) solutions, along with services in finance and accounting, asset management, and intelligent collaboration tools.
Beyond core IT services, Xchanging provides modern device management support and a range of security services. These security offerings include cyber risk and compliance assessments, cyber transformation and operations management, digital identity solutions, and robust protection for infrastructure, applications, and data. Their client base is remarkably diverse, encompassing industries such as aerospace and defense, automotive, banking and capital markets, consumer and retail, energy, utilities, healthcare, insurance, life sciences, manufacturing, public sector, technology, media, and telecommunications, and travel, transportation, and hospitality.
In essence, Xchanging Solutions Limited positions itself as a versatile and comprehensive IT solutions provider, catering to a broad range of industries with a diverse portfolio that spans from core IT infrastructure and application services to specialized industry-specific solutions and robust cybersecurity offerings. Their global reach and multifaceted service capabilities contribute to their significant presence in the international IT services market.
Questions investors ask about Xchanging Solutions Ltd (XCHANGING).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Xchanging Solutions Ltd (XCHANGING)?
The current share price of Xchanging Solutions Ltd (XCHANGING) is ₹63.05. Today, the stock has gained by ₹1.43 (2.32%), trading in a range of ₹62 to ₹63.29. The stock opened at ₹62.59 with a trading volume of 35,446 shares.
02Is Xchanging Solutions Ltd stock a good investment for long-term?
Xchanging Solutions Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹700.17 crores, P/E ratio of 11.81, ROE of 15.75%, and ROCE of 15.40%. The dividend yield stands at 3.25%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Xchanging Solutions Ltd stock?
The 52-week high price of Xchanging Solutions Ltd (XCHANGING) is ₹0, while the 52-week low is ₹0. Currently trading at ₹63.05, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Xchanging Solutions Ltd stock at the current price?
Whether to buy Xchanging Solutions Ltd stock at ₹63.05 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.81 and P/B ratio of 1.91. Today's performance shows a gain of 2.32%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Xchanging Solutions Ltd and when is the next dividend?
Xchanging Solutions Ltd offers a dividend yield of 3.25%, which means for every ₹100 invested at the current price of ₹63.05, you can expect to receive approximately ₹3.25 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Xchanging Solutions Ltd?
Xchanging Solutions Ltd's key financial metrics include: P/E Ratio: 11.81, P/B Ratio: 1.91, ROE: 15.75%, ROCE: 15.40%, Dividend Yield: 3.25%, EPS: ₹5.34, Book Value: ₹32.95, and Debt-to-Equity: 17.95. The company's market cap stands at ₹700.17 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Xchanging Solutions Ltd stock performing today in the market?
Xchanging Solutions Ltd stock opened at ₹62.59 and is currently trading at ₹63.05, showing a gain of ₹1.43 (2.32%). The intraday high is ₹63.29 and low is ₹62. The trading volume stands at 35,446 shares, indicating moderate market participation today.
08What is the P/E ratio of Xchanging Solutions Ltd and what does it indicate?
Xchanging Solutions Ltd has a Price-to-Earnings (P/E) ratio of 11.81, which means investors are willing to pay ₹11.81 for every ₹1 of earnings. With an EPS of ₹5.34, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Xchanging Solutions Ltd (XCHANGING) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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