Xchanging Solutions Ltd

Xchanging Sol. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Xchanging Solutions Ltd

₹ 90.5 -1.34%
12 Mar 4:01 p.m.
xchanging.com BSE: 532616 NSE: XCHANGING
About

Xchanging Solutions Ltd is an IT services provider with operations in India and an international presence established through subsidiaries in USA, Singapore and the UK. and global Operations in 70 plus countries. [1]

Key Points

Service Offerings
The company offers IT services across various categories such as Analytics and Engineering, Applications, Cloud, Consulting, Insurance Software and BPS, IT Outsourcing, Modern Workplace & Security. [1]

Website BSE NSE
  • Market Cap ₹ 1,011 Cr.
  • Current Price ₹ 90.5
  • High / Low ₹ 143 / 87.0
  • Stock P/E 46.8
  • Book Value ₹ 25.0
  • Dividend Yield 35.4 %
  • ROCE 32.5 %
  • ROE 30.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 35.4%.
  • Company has delivered good profit growth of 40.4% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -6.68% over past five years.
  • Earnings include an other income of Rs.20.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

Part of BSE Information Technology BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
11.73 11.38 10.19 10.16 8.89 8.87 8.88 8.58 8.70 10.67 9.48 9.03 8.57
6.66 7.90 6.68 6.65 7.36 7.32 5.74 6.27 6.89 8.71 7.73 7.93 7.23
Operating Profit 5.07 3.48 3.51 3.51 1.53 1.55 3.14 2.31 1.81 1.96 1.75 1.10 1.34
OPM % 43.22% 30.58% 34.45% 34.55% 17.21% 17.47% 35.36% 26.92% 20.80% 18.37% 18.46% 12.18% 15.64%
2.36 1.90 1.73 2.39 2.23 3.04 186.32 5.00 199.47 7.63 5.43 3.71 3.66
Interest 0.03 0.03 0.03 0.02 0.03 0.02 0.02 0.02 0.02 0.04 0.02 0.01 0.01
Depreciation 0.28 0.16 0.15 0.15 0.15 0.15 0.15 0.15 0.12 0.12 0.12 0.11 0.04
Profit before tax 7.12 5.19 5.06 5.73 3.58 4.42 189.29 7.14 201.14 9.43 7.04 4.69 4.95
Tax % 32.44% 36.22% -24.31% 35.25% 46.09% 37.56% 10.39% 28.43% 8.14% 25.66% 27.84% 30.70% -26.87%
4.81 3.31 6.29 3.71 1.93 2.76 169.62 5.11 184.76 7.01 5.08 3.25 6.28
EPS in Rs 0.43 0.30 0.56 0.33 0.17 0.25 15.23 0.46 16.58 0.63 0.46 0.29 0.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 15m Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
100 112 150 121 99 56 52 43 41 44 38 37 38
85 99 140 106 113 52 39 31 32 28 28 28 32
Operating Profit 14 13 10 15 -14 4 13 12 9 16 10 9 6
OPM % 14% 12% 6% 13% -14% 6% 24% 27% 22% 35% 26% 25% 16%
3 20 9 12 11 10 12 16 15 8 9 398 20
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 4 4 4 3 1 0 1 1 1 1 1 0
Profit before tax 14 29 14 23 -6 13 24 26 22 23 19 407 26
Tax % 53% 26% 48% 41% 8% 57% 32% 14% 18% 3% 22% 10%
6 22 7 14 -7 6 16 23 18 22 15 366 22
EPS in Rs 0.58 1.93 0.65 1.22 -0.60 0.50 1.48 2.04 1.63 1.99 1.32 32.90 1.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 58%
Compounded Sales Growth
10 Years: -11%
5 Years: -7%
3 Years: -3%
TTM: 8%
Compounded Profit Growth
10 Years: 16%
5 Years: 40%
3 Years: 70%
TTM: -74%
Stock Price CAGR
10 Years: 10%
5 Years: 16%
3 Years: 1%
1 Year: -22%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 15%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 111 111 111 111 111 111 111 111 111 111 111 111 111
Reserves 35 56 63 77 70 76 93 116 134 156 170 203 167
2 2 2 1 1 0 0 2 3 2 1 1 1
44 71 75 51 56 56 52 45 44 41 39 38 38
Total Liabilities 192 241 252 241 238 243 256 274 292 310 322 353 317
7 7 7 5 2 0 0 2 2 2 2 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 59 59 52 52 153 173 52 52 52 52 52 52 52
126 175 193 184 83 70 204 220 239 256 269 300 264
Total Assets 192 241 252 241 238 243 256 274 292 310 322 353 317

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 31 9 19 11 14 9 5 13 11 10 -33
-12 -8 4 6 10 9 8 17 8 7 9 412
-0 0 0 -1 -1 -1 -0 -1 -1 -1 -0 -335
Net Cash Flow -1 24 13 24 20 22 17 22 19 18 18 45

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 153 139 124 107 70 79 62 70 44 42 34 41
Inventory Days
Days Payable
Cash Conversion Cycle 153 139 124 107 70 79 62 70 44 42 34 41
Working Capital Days 154 58 26 12 -79 -207 -214 -119 -295 -175 -284 -280
ROCE % 13% 17% 11% 13% -3% 7% 12% 12% 9% 9% 7% 33%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.24% 0.24% 0.06% 0.11% 0.05% 0.04% 0.11% 0.11% 0.23% 0.09% 0.08% 0.07%
0.31% 0.31% 0.31% 0.31% 0.31% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
24.45% 24.45% 24.63% 24.57% 24.63% 24.68% 24.60% 24.58% 24.47% 24.61% 24.62% 24.63%
No. of Shareholders 59,94058,99758,77856,67254,83452,69557,67159,45771,43772,99774,62977,197

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • Aug 2023
    Transcript
    Notes
    PPT
  • May 2019
    Transcript
    Notes
    PPT