Xchanging Solutions Limited share price

Xchanging Solutions Limited provides information technology services in India, Europe, the United States, Singapore, and internationally. It provides application services, including applications modernization, managed applications, software development, and quality assurance services; AI workbench, enterprise intelligence, IoT and digital twin services, and modernization as a service; and enterprise applications, such as Amazon Quick, Microsoft, Oracle, Salesforce, SAP, and ServiceNow. The company also offers banking BPO, contact center experience BPO, and finance and accounting BPO; cloud platforms, intelligent operations, mainframe services, network services, private cloud services, publi…Read more

Website NSE हिंदी में BSE

TechnologyInformation Technology ServicesNSE: XCHANGINGISIN INE692G01013

16 Oct 2026, 3:29 PM IST₹60.85▲ 0.95 (1.59%)

Market Cap₹ 678 Cr.
Current Price₹ 60.85
High / Low₹ 103 / 48
Stock P/E11.1
Book Value₹ 36
Dividend Yield3.34 %
ROCE18.1 %
ROE15.80 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 5.46
Price / Book1.71
OPM33.8 %
Debt / Equity0.18
Sales growth (5Y)0.7 %
Profit growth (5Y)-1.0 %
Promoter holding75.0 %
EV / EBITDA6.2
Beta0.79
All-time high₹ 358

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
XCHANGING	-3.54%	-6.70%	-6.81%	-24.78%	-28.68%	-12.42%	-11.79%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Xchanging Solutions Limited is in the Information Technology Services industry (Technology), with a market value of ₹678 crore.
It trades at 11.1 times its last 12 months' earnings and 1.7 times book value.
Revenue grew 0.7% a year over the last 5 years, profit -1.0% a year.
Return on equity was 15.8% and return on capital employed 18.1% in the latest year.
Debt was 0.18 times shareholders' equity.
The share price is 40.9% below its 52-week high and down 28.7% over one year.
Promoters and insiders hold about 75.0%; institutions about 0.0%.

Pros

Trades at 11.1 times earnings, below its 3-year median of 21.8.
Borrowings are moderate at 0.18 times shareholders' equity.
Pays a healthy dividend: about 37% of profit last year.
Promoters hold a large stake of 75.00%.

Cons

Sales growth has been slow: 0.7% a year over the last 5 years.
Profit growth has been weak: -1.0% a year over the last 5 years.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Xchanging Solutions Limited

Employees: 86
Head office: Bengaluru

TechnologyInformation Technology Services

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Xchanging Solutions	60.85	11.1	678	3.34	15	9.80	54	7.30	18.1	15.8	1.71	33.8	0.18	75.00	203	0.7
2.	Tata Consultancy Services	2,465.00	17.3	8,91,859	2.04	13,349	9.20	72,275	12.09	54.9	48.7	7.50	25.1	0.11	71.79	2,67,021	5.8
3.	Infosys	1,161.20	15.8	4,70,326	4.50	7,775	12.29	48,211	14.03	41.7	31.6	5.17	20.3	0.10	15.99	1,78,650	3.4
4.	HCL Technologies	1,380.00	20.4	3,73,396	3.53	5,132	21.15	35,620	11.51	27.2	23.0	4.98	31.4	0.07	62.78	1,30,144	8.7
5.	Wipro	184.40	14.5	1,82,435	4.60	3,352	0.65	24,479	10.59	17.8	15.4	2.30	16.1	0.23	72.69	92,624	0.8
6.	Tech Mahindra	1,790.00	28.8	1,58,580	3.09	1,465	25.58	15,712	17.39	19.8	16.9	5.34	13.0	0.07	37.09	56,815	2.2
7.	LTM	4,390.00	24.9	1,30,146	1.77	1,466	29.93	11,608	18.79	25.4	21.5	5.30	15.5	0.10	68.58	42,308	8.4
8.	Persistent Systems	5,741.00	50.2	90,063	0.62	352	-25.44	4,664	30.25	29.4	26.3	10.48	16.4	0.06	33.13	14,748	20.9
9.	Coforge	1,951.90	40.0	86,477	0.83	519	98.55	5,528	61.52	18.6	19.5	6.87	14.2	0.08	21.34	16,391	26.9
10.	Mphasis	2,500.00	25.0	47,718	2.53	490	10.82	4,384	17.46	23.0	18.3	4.21	15.3	0.24	31.12	15,880	4.8
	Median: 35 Co.	1,870.95	25.0	8,898	1.48	1,466	11.56	13,660	15.71	24.2	17.6	4.21	14.2	0.10	49.94	49,562	8.9

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44	43	42	44	44	44	46	51	50	53	49	51	54
YOY Sales Growth %	0.73%	-0.30%	2.71%	-2.86%	-0.36%	2.77%	7.44%	14.13%	13.46%	18.78%	6.97%	1.10%	7.30%
	30	32	31	35	33	34	31	33	34	36	33	32	36
Employee Cost %	33%	35%	36%	36%	35%	36%	35%	32%	31%	30%	31%	27%	28%
Other Expenses %	35%	38%	38%	42%	41%	39%	34%	34%	36%	37%	36%	35%	38%
Operating Profit	14	12	11	10	11	11	14	17	16	17	16	19	18
OPM %	32%	27%	27%	22%	24%	24%	31%	34%	33%	32%	33%	37%	34%
Other Income	4	6	5	8	6	4	4	4	4	3	3	3	4
Interest	0	0	0	2	2	2	2	2	1	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	17	17	16	16	14	13	16	20	19	19	18	21	20
	151%	19%	123%	23%	27%	25%	12%	25%	27%	14%	27%	22%	26%
Current tax	26	4	19	3	3	3	2	5	5	3	5	4	5
Deferred tax	0	-1		1	1	-0	0	-0	0	-0	-0	0	0
	-9	14	-4	12	11	10	14	15	14	16	13	16	15
YOY Profit Growth %	-159.96%	15.25%	-151.16%	12.34%		-28.99%		18.34%	29.54%	65.58%	-8.98%	10.85%	9.80%
EPS in Rs	-0.81	1.24	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9	9	9	11	9	9	9	12	11	12	10	9	9
YOY Sales Growth %	-12.86%	-15.55%	-2.14%	20.29%	6.76%	5.24%	-1.49%	8.81%	13.40%	28.68%	13.30%	-22.74%	-12.84%
	6	6	7	9	8	8	7	8	8	9	8	6	7
Employee Cost %	48%	52%	48%	51%	42%	49%	48%	37%	38%	36%	50%	36%	44%
Other Expenses %	17%	21%	31%	31%	40%	39%	37%	33%	33%	37%	33%	33%	34%
Operating Profit	3	2	2	2	2	1	1	3	3	3	2	3	2
OPM %	35%	27%	21%	18%	18%	12%	16%	30%	29%	27%	18%	31%	22%
	3	5	73	8	5	4	4	3	3	20	3	3	3
Exceptional items	183		127
Interest	0	0	0	0	0	0	0					0
Depreciation	0	0	0	0	0	0	0	0	0
Profit before tax	189	7	201	9	7	5	5	7	7	23	5	6	6
	10%	28%	8%	26%	28%	31%	-27%	28%	28%	-3%	29%	16%	29%
Current tax	19	2	16	2	1	1	-1	2	2	-1	2	1	1
Deferred tax	0	0		1	1	-0	0	-0	0	-0	-0	0	0
	170	5	185	7	5	3	6	5	5	24	3	5	4
YOY Profit Growth %	2,596.66%	37.74%	9,473.06%	153.99%	-97.01%	-36.40%	-96.60%	-28.96%	-7.28%	636.92%	-44.75%	-2.81%	-16.14%
EPS in Rs	15.23	0.46	16.59	0.63	0.46	0.29	0.56	0.45	0.42	2.15	0.31	0.43	0.35
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	186	184	182	196	174	174	174	185	203	207
YOY Sales Growth %		-0.97%	-1.00%	7.40%	-10.97%	0.09%		6.01%	9.75%
	160	141	134	140	121	125	128	132	134	136
Employee Cost %	56%	48%	42%	38%	36%	36%	35%	34%	30%	29%
Other Expenses %	30%	29%	32%	34%	34%	35%	38%	37%	36%	37%
Operating Profit	26	43	48	55	53	50	47	53	69	70
OPM %	14%	23%	26%	28%	31%	28%	27%	29%	34%	34%
Other Income	16	15	13	16	9	11	22	17	14	13
Interest	0	0	0	0	0	0	2	6	5	5
Depreciation	1	0	1	1	1	1	1	0	0
Profit before tax	41	57	59	70	61	60	66	63	77	78
	22%	18%	8%	10%	14%	25%	79%	22%	22%	22%
Current tax	9	10	3	7	8	15	56	13	17
Deferred tax	0	0	1	-0	1	-0	-4	1	0
	32	47	55	62	53	45	14	50	59	61
YOY Profit Growth %		47.63%	17.11%	14.15%	-15.81%	-14.59%	-69.49%	261.90%	19.91%
EPS in Rs	2.84	4.19	4.91	5.61	4.72	4.03	1.23	4.45	5.34	5.46
Dividend Payout %							2,439%	90%	37%

Compounded Sales Growth

5 Years:: 1%
3 Years:: 5%
TTM:: 8%

Compounded Profit Growth

5 Years:: -1%
3 Years:: 10%
TTM:: 15%

Stock Price CAGR

5 Years:: -12%
3 Years:: -12%
1 Year:: -29%

Return on Equity

4 Years:: 10%
Last Year:: 16%

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	56	52	43	41	44	38	37	39	41	40
YOY Sales Growth %		-6.97%	-17.93%	-4.05%	7.03%	-13.09%	-3.36%	5.05%	6.10%
	52	39	31	32	28	28	28	31	30	30
Employee Cost %	60%	50%	49%	53%	46%	51%	50%	43%	40%	41%
Other Expenses %	34%	26%	24%	26%	18%	22%	25%	37%	34%	34%
Operating Profit	4	13	12	9	16	10	9	8	11	10
OPM %	6%	24%	27%	22%	35%	27%	25%	20%	26%	24%
	10	12	16	15	8	9	89	16	30	30
Exceptional items							310
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	0	1	1	1	1	1	0	0
Profit before tax	13	24	26	22	23	19	407	24	40	39
	57%	32%	14%	18%	3%	22%	10%	17%	9%	8%
Current tax	7	8	2	4	-0	4	42	3	3
Deferred tax	0	0	1	-0	1	-0	-2	1	0
	6	16	23	18	22	15	367	20	37	36
YOY Profit Growth %		193.58%	37.77%	-19.74%	21.86%	-33.80%	2,394.89%	-94.65%	88.72%
EPS in Rs	0.50	1.48	2.04	1.64	1.99	1.32	32.90	1.76	3.32	3.24
Dividend Payout %							91%	227%	60%

Compounded Sales Growth

5 Years:: 0%
3 Years:: 3%
TTM:: -1%

Compounded Profit Growth

5 Years:: 15%
3 Years:: 36%
TTM:: 88%

Stock Price CAGR

5 Years:: -12%
3 Years:: -12%
1 Year:: -29%

Return on Equity

4 Years:: 10%
Last Year:: 16%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	111	111	111	111
Reserves	565	243	247	285
	1	105	85	71
Long term borrowings		104	64	47
Short term borrowings			21	24
	66	64	60	56
Trade payables	15	18	18	15
Current liabilities	55	55	72	70
Total Liabilities	743	523	504	523
	2	1	0	0
Gross block	10	5	2	2
Accumulated depreciation	8	4	2	2
Goodwill & intangibles	158	158	158	158
	742	522	504	523
Trade receivables	8	11	12	17
Cash & equivalents	515	308	300	311
Current assets	543	337	329	346
Total Assets	743	523	504	523

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42	-12	49	41
Profit for the year	45	14	50	59
Working capital changes	6	-4	5	-4
Direct taxes paid	-14	-58	-11	-24
	10	35	14	13
Fixed assets purchased		-0
Fixed assets sold	0	0	0
Investments purchased		-0
Investments sold	0
	-0	-232	-72	-50
Proceeds from borrowings		104
Repayment of borrowings			-21	-22
Interest paid		-2	-6	-5
Dividends paid		-334	-45	-22
Net Cash Flow	51	-209	-9	4
Free Cash Flow	42	-12	49	41

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	6.6%	2.7%	13.9%	15.8%
ROCE	—	8.7%	14.6%	16.1%	18.1%
Operating margin	—	28.2%	26.7%	28.6%	33.8%
Net margin	—	25.7%	7.9%	26.8%	29.3%
Debt / equity	—	0.00	0.30	0.24	0.18
Current ratio	—	9.94	6.09	4.57	4.97
Debtor days	—	16	24	24	30
Days payable	—	49	55	52	46
Working capital days	—	1,022	589	507	497

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 75.00%
FIIs 0.03%
DIIs 0.18%
Public 24.80%

%	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.11%	0.11%	0.23%	0.09%	0.08%	0.07%	0.01%	0.09%		0.01%	0.11%	0.03%
Foreign portfolio investors (Cat. I)	0.11%	0.11%	0.14%	0.09%	0.08%	0.07%	0.01%	0.04%		0.01%	0.11%	0.03%
Foreign portfolio investors (Cat. II)			0.09%					0.05%
	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.18%
Insurance companies	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.17%
	24.59%	24.59%	24.47%	24.61%	24.63%	24.63%	24.69%	24.61%	24.70%	24.69%	24.59%	24.80%
Retail (up to ₹2 lakh)	17.28%	17.21%	17.93%	20.09%	20.25%	20.22%	20.21%	20.27%	20.27%	20.30%	20.25%	20.25%
HNIs (above ₹2 lakh)	2.34%	2.34%	1.73%	2.22%	2.13%	2.04%	2.12%	1.99%	2.06%	2.21%	2.18%	2.43%
NRIs	0.41%	0.46%	0.42%	0.51%	0.48%	0.53%	0.54%	0.55%	0.55%	0.55%	0.54%	0.53%
Bodies corporate	0.86%	0.87%	0.78%	0.74%	0.70%	0.78%	0.82%	0.78%	0.76%	0.64%	0.64%	0.57%
No. of Shareholders	57,671	59,457	71,437	72,997	74,629	77,197	81,445	81,416	79,663	77,624	75,079	73,508

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

None filed recently.

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 14 Aug 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Xchanging Solutions Limited

What is the share price of Xchanging Solutions Limited today?

Xchanging Solutions Limited (XCHANGING) last traded at ₹60.85 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Xchanging Solutions Limited?

About ₹678 crore at the latest price.

What is the P/E ratio of Xchanging Solutions Limited?

About 11.1 times its earnings over the last 12 months.

Is Xchanging Solutions Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Xchanging Solutions Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Xchanging Solutions Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Xchanging Solutions Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Xchanging Solutions Limited

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