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Xchanging Solutions Limited

Xchanging Solutions Limited

XCHANGING.NS
Xchanging Solutions LimitedIN flagNational Stock Exchange of India
66.00
INR
+1.15
- -
7.35BMarket Cap
Xchanging Solutions Limited
XCHANGING.NS
(National Stock Exchange of India)

Recent

price

66.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
94.95
49.53
18.75
21.82
25.76
25.09
- -
16.69
16.53
16.36
17.57
15.64
15.66
15.66
16.6
18.23
17.15
Revenue per Share
-5.94
48.24
1.1
2.72
2.25
2.62
- -
2.84
4.19
4.91
5.6
4.72
4.03
1.23
4.45
5.34
4.74
Basic EPS, GAAP
-4.36
-10.62
0.63
2.65
-0.41
2.3
- -
3.24
4.3
4.07
5.51
3.13
3.77
-1.08
4.38
3.7
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30
4
2
- -
Dividend per Share
15.04
13.98
15.08
17.8
20.05
22.67
- -
26.51
30.73
35.64
41.25
45.95
49.96
21.21
21.69
10.01
- -
Book Value per Share
-4.25
7.05
8.21
10.76
13.07
15.65
- -
20.21
24.66
30.31
35.66
40.84
46.48
17.55
17.97
21.35
- -
Tangible Book Value per Share
111
111
111
111
111
111
- -
111
111
111
111
111
111
111
111
111
111
Basic Weighted Avg Shares
10,577
5,518
2,088
2,431
2,870
2,795
- -
1,859
1,841
1,823
1,957
1,743
1,744
1,744
1,849
2,029
1,908
Sales/Revenue/Turnover
5.37
-4.05
10.76
9.06
9.7
10.13
- -
17.44
24.92
26.3
29.02
30.83
28.15
27.94
28.53
33.76
30.7
Operating Margin (%)
1,045
132
51
50
48
42
- -
12
5
14
14
9
6
5
3
- -
2
Depreciation Expense
-661
5,374
122
303
251
292
- -
316
467
547
624
526
449
137
496
594
527
Net Income, GAAP
- -
- -
40.36
22.38
20.86
24.41
- -
22.09
17.76
7.74
10.38
13.64
24.66
79.3
21.81
22.49
22.2
Effective Tax Rate (%)
-6.25
97.38
5.87
12.47
8.75
10.45
- -
17.02
25.37
30.01
31.9
30.17
25.74
7.85
26.81
29.3
27.63
Profit Margin (%)
3,452
665
668
791
933
1,254
1,254
1,850
2,371
3,166
3,574
4,249
4,883
2,817
2,568
2,762
- -
Working Capital
4,761
9
9
13
16
9
9
- -
- -
12
18
13
9
1,049
641
474
- -
LT Debt
2,959
2,370
2,502
2,788
3,043
3,330
3,330
3,836
4,332
4,961
5,557
6,134
6,762
3,539
3,587
3,961
- -
Total Equity
- -
- -
5.48
6.44
7.52
6.68
- -
6.56
8.68
9.02
9.24
7.59
5.46
1.67
8.57
11.05
- -
Return on Invested Capital (%)
- -
- -
7.58
16.52
11.9
12.25
- -
11.69
14.65
14.78
14.55
10.8
8.39
3.13
16.32
24.97
33.5
Return on Capital (%)
-39.48
332.48
7.57
16.55
11.91
12.27
- -
11.71
14.65
14.8
14.58
10.82
8.4
3.46
20.75
33.67
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
214
- -
LT Borrowings
- -
641
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
111
- -
Market Capitalization
12,410
9,580
10,964

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
3,288
- -
Cash, Cash Equivalents & STI
- -
3,000
- -
Accounts Receivable, Net
- -
122
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
720
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
214
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
442
433
425
445
1,744
2025
441
445
456
507
1,849
2026
500
488
513
- -
2,029

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.81
1.24
-0.32
- -
1.23
2025
0.95
0.88
1.3
1.32
4.45
2026
1.24
1.18
1.46
- -
5.34

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
30
2025
- -
- -
- -
- -
4
2026
- -
- -
- -
- -
2
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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.