1. India Stocks

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    Technology services

  3. •

    Information technology services
Xchanging Solutions Limited

Xchanging Solutions Limited

54.67
INR
-2.37
(-4.15%)
5.24EPS
11.67P/E
6.81BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
21.82
25.76
25.09
- -
16.69
16.53
16.36
17.57
15.64
15.66
15.66
16.6
18.21
18.31
Basic EPS, GAAP
2.72
2.25
2.62
- -
2.84
4.19
4.91
5.6
4.72
4.03
1.23
4.45
5.34
5.24
Free Cash Flow per Basic Share
2.65
-0.41
2.3
- -
3.24
4.3
4.07
5.51
3.13
3.77
-1.08
4.38
3.69
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30
4
2
- -
Book Value per Share
25.02
27.31
29.89
29.89
34.43
38.89
44.53
49.88
55.07
60.7
31.77
32.2
35.55
- -
Tangible Book Value per Share
10.76
13.07
15.65
15.65
20.21
24.66
30.31
35.66
40.84
46.48
17.55
17.98
21.33
- -
Basic Weighted Avg Shares
111
111
111
111
111
111
111
111
111
111
111
111
111
111
Sales/Revenue/Turnover
2,431
2,870
2,795
- -
1,859
1,841
1,823
1,957
1,743
1,744
1,744
1,849
2,029
2,038
Operating Margin (%)
9.06
9.7
10.13
- -
17.44
24.92
26.3
28.68
30.83
28.15
26.7
28.57
33.77
34.11
Depreciation Expense
50
48
42
- -
12
5
14
14
9
6
5
3
- -
- -
Net Income, GAAP
303
251
292
- -
316
467
547
624
526
449
137
496
595
583
Effective Tax Rate (%)
22.38
20.86
24.41
- -
22.09
17.76
7.74
10.38
13.64
24.66
79.3
21.81
22.49
25.43
Profit Margin (%)
12.47
8.75
10.45
- -
17.02
25.37
30.01
31.9
30.17
25.74
7.85
26.81
29.3
28.62
Working Capital
791
933
1,254
1,254
1,850
2,371
3,166
3,574
4,249
4,883
2,817
2,568
2,762
- -
LT Debt
13
16
9
9
- -
- -
12
18
13
9
1,049
641
474
- -
Total Equity
2,788
3,043
3,330
3,330
3,836
4,332
4,961
5,557
6,135
6,762
3,539
3,587
3,961
- -
Return on Invested Capital (%)
7.72
7.42
7.25
- -
6.57
8.62
9.02
9.14
7.59
5.46
1.61
8.59
11.05
- -
Return on Capital (%)
11.46
8.63
9.17
- -
8.82
11.44
11.77
11.86
8.98
6.96
2.48
12.08
13.97
- -
Return on Common Equity (%)
11.46
8.61
9.16
- -
8.83
11.44
11.77
11.87
8.99
6.96
2.66
13.92
15.75
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
237
- -
LT Borrowings
- -
474
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
111
111
111
Market Capitalization
9,013
5,324
6,809

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,457
- -
Cash, Cash Equivalents & STI
- -
3,111
- -
Accounts Receivable, Net
- -
166
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
695
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
237
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-3.06%
10.42%
Free Cash Flow
- -
-134.32%
-15.76%
Net Income, GAAP
- -
36.38%
19.91%
Sales/Revenue/Turnover
- -
- -
9.75%
Total Cash Common Dividend
- -
- -
-50%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
441
445
456
507
1,849
2026
500
- -
488
513
2,029
2027
536
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.95
0.88
1.3
1.32
4.45
2026
1.24
- -
1.18
1.46
5.34
2027
1.36
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
4
2026
- -
- -
- -
- -
2
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Swaminathan Swaminathan
Full Time Employees
86
Sector
Technology services
Industry
Information technology services
Address
Prestige Lakeshore Drive Bangalore KA India 560103
IPO Date
Mar 9, 2005
Website
dxc.com
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Business
Xchanging Solutions Limited (XCHANGING.NS) is an India-based information technology services provider specializing in business process outsourcing (BPO) and IT outsourcing (ITO) solutions, including insurance business process as a service, insurance software, banking BPO solutions, finance and accounting services, asset management, and intelligent automation services; it also offers IT software, IT hardware, IT-enabled services (ITES), and computer programming services across diverse industries such as 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. The company operates primarily in India with an international presence through subsidiaries in the United States, Singapore, Malaysia, and Europe. Incorporated in 2002 and headquartered in Bengaluru, India, Xchanging Solutions Limited functions as a subsidiary of Xchanging (Mauritius) Limited, which is indirectly owned by DXC Technology Company. In recent developments, the company reported consolidated income of Rs 20,191 lakhs for the financial year ended March 31, 2025, reflecting growth from Rs 19,625 lakhs in the prior year, alongside a 4.3% quarter-on-quarter revenue increase for Q2 FY 2025-26 ended September 30, 2025; it appointed Swaminathan Swaminathan as Managing Director and CEO in March 2025 following the resignation of Nachiket Vibhakar Sukhtankar in February 2025, reappointed Nachiket Vibhakar Sukhtankar as MD and CEO in May 2024, declared an interim dividend of Rs 15 per share for FY 2023-24, and received an order deleting a Rs 86.7 million transfer pricing adjustment in December 2024.