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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Xchanging Solutions Limited

Xchanging Solutions Limited

NSE: XCHANGING
Information Technology ServicesTechnologySMALL CAPMCap ₹677.9 Cr
₹60.85₹0.95 (+1.59%)

Market Closed • NSE

Market cap₹677.9 Cr
Enterprise value₹425.3 Cr
P/E TTM11.14
P/B1.71
EPS TTM₹5.46
D/E0.18
Dividend yield0.03%
52W high₹103.00
52W low₹47.50
Price chart(1Y)
1Y Return:-3.49% (₹2.20)
H: ₹69.49L: ₹57.28
1W+0.15%
1M-1.54%
3M-5.59%
6M-8.59%
1Y-28.68%
Today at a glance

Day range

₹59.52₹61.48

52 week range

₹47.50₹103.00
Volume43.2K0.69x 20D avg
Free float50.00%-31.30% volume

Xchanging Solutions Limited closed at INR60.85 (+1.59%) on volume 0.69x its 20-day average, trading 40.92% below its 52-week high.

Technical analysis
RSI (14)49.3Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹2.23High
SMA 20₹60.58BULLISH
SMA 50₹61.99BEARISH
SMA 100₹63.25BEARISH
SMA 200₹64.97BEARISH
CPR bottom₹60.42
Pivot₹60.25
CPR top₹60.08
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +23.2% QoQ

2026-08-14

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-07-11

DIVIDEND Announced

Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹71.1 Cr₹677.9 Cr10.49%≤ 33%PASS
Non-halal income ratio–₹202.9 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹211.8 Cr₹522.8 Cr40.51%≥ 20%PASS
Receivables ratio–₹522.8 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E11.1423.00
Forward P/E——
P/B1.713.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield9.004.30
Growth & profitability
RevenuePAT
FY23PAT margin 25.70%
FY24PAT margin 7.90%
FY25PAT margin 26.80%
FY26PAT margin 29.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+5.20%
Revenue CAGR 5Y—
PAT CAGR 3Y+9.80%
PAT CAGR 5Y—
Operating margin33.54%
Net margin29.43%
Financial health & cash flow
Net debt–Moderate
Interest coverage12.70xEBIT / interest
CFO / PAT0.64x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹41.1 Cr
Capital expenditure–
Free cash flow₹41.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.18x

Attractive Valuation: P/E of 11.1x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Information Technology Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
14 Aug 2026Dividend₹2.00 / share—14 Aug 2026
11 Jul 2025Dividend₹2.00 / share—11 Jul 2025
14 Jun 2024Dividend₹2.00 / share—14 Jun 2024
23 Feb 2024Dividend₹15.00 / share—23 Feb 2024
28 Jul 2023Dividend₹15.00 / share—28 Jul 2023
—Annual General MeetingAnnual General Meeting—26 Jul 2022
—Annual General MeetingAnnual General Meeting—17 Sept 2021
—Annual General MeetingAnnual General Meeting—15 Sept 2020
—Annual General MeetingAnnual General Meeting—05 Aug 2019
—Annual General MeetingAnnual General Meeting—18 Sept 2018
—Annual General MeetingAnnual General Meeting—05 Sept 2017
—Annual General MeetingAnnual General Meeting—17 Jun 2016
—Annual General MeetingAnnual General Meeting—08 May 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)60.45%-6.48% latest vs average
Highest delivery72.49%on 22 Sept
Average volume (20D)62.9KTrading-session average
Conviction trendWeakening-6.48% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Xchanging Solutions Limited
Xchanging Solutions Limited

Xchanging Solutions Limited provides information technology services in India, Europe, the United States, Singapore, and internationally. It provides consulting, data and analytics, and design and engineering; application services, such as application modernization, enterprise application and SaaS, modern applications development, managed applications, testing and digital assurance, and DXC software and cloud Right application; cloud infrastructure services, including cloud advisory and migration, platforms, public, private, hybrid, and multicloud; and information technology outsourcing services comprising business continuity, compute and data center, mainframe, network, and storage and back up. The company offers insurance business process as a service; insurance software; banking BPO solutions; finance and accounting; asset management; intelligent collaboration; modern device management; and support services. In addition, it provides security services, which include cyber risk and compliance, cyber transformation and operations, digital identity, and infrastructure, app, and data protection. The company offers its services to 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 industries. The company was formerly known as Cambridge Solutions Limited and changed its name to Xchanging Solutions Limited in June 2012. Xchanging Solutions Limited was incorporated in 2002 and is headquartered in Bengaluru, India. Xchanging Solutions Limited operates as a subsidiary of Xchanging Mauritius Limited.

IndiaTechnology

Questions investors ask
Is Xchanging Solutions Limited Shariah compliant?

Xchanging Solutions Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (10.49%) complies with AAOIFI threshold (≤ 33%).

What is Xchanging Solutions Limited's current valuation relative to peers?

Xchanging Solutions Limited trades at a P/E of 11.1x compared to the sector median of 23x, and a Price-to-Book of 1.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.18x. Interest coverage is 12.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.