Xchanging Solutions

₹115 -0.1 | 0.1%

WEBSITE BSE:532616 NSE : XCHANGING 10 May, 16:01

Market Cap ₹1281 Cr.

Stock P/E 103.8

P/B 2.5

Current Price ₹115

Book Value ₹ 45.6

Face Value 10

52W High ₹176.9

Dividend Yield 0%

52W Low ₹ 59.3

Edit Ratio

Xchanging Solutions Research see more...

Overview Inc. Year: 2002Industry: IT - Software

Xchanging Solutions Ltd is engaged in computer programming activities. The Company operates thru the Information Technology (IT) services section. The Company's subsidiaries include Xchanging Solutions (Europe) Ltd, Xchanging Solutions (Singapore) Pte Ltd, Xchanging Solutions (Malaysia) Sdn Bhd, Xchanging Solutions (USA) Inc. And Nexplicit Infotech India Pvt Ltd.

Xchanging Solutions Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Xchanging Solutions Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	42	43	45	44	43	41	46	44	43	42
Other Income	2	2	2	2	3	2	3	4	6	5
Total Income	44	45	47	46	47	44	49	48	49	47
Total Expenditure	29	29	31	29	30	33	33	30	32	31
Operating Profit	15	16	16	17	17	10	17	18	17	16
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	15	16	16	17	17	10	16	17	17	16
Provision for Tax	-4	4	5	2	5	3	5	26	3	19
Profit After Tax	19	12	11	15	12	7	11	-9	14	-4
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	19	12	11	15	12	7	11	-9	14	-4
Adjusted Earnings Per Share	1.7	1.1	1	1.3	1.1	0.6	1	-0.8	1.2	-0.3

Xchanging Solutions Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	209	243	287	279	307	186	184	182	196	174	174	175
Other Income	16	23	24	15	14	16	15	13	16	9	11	18
Total Income	225	266	311	295	321	202	199	195	212	183	185	193
Total Expenditure	194	226	286	252	298	160	141	134	140	121	125	126
Operating Profit	31	40	24	43	23	42	57	61	71	62	60	68
Interest	0	1	1	0	0	0	0	0	0	0	0	0
Depreciation	5	5	5	4	3	1	0	1	1	1	1	0
Exceptional Income / Expenses	-5	4	13	0	0	0	0	0	0	0	0	0
Profit Before Tax	21	39	32	39	20	41	57	59	70	61	60	66
Provision for Tax	8	9	7	9	2	9	10	5	7	8	15	53
Profit After Tax	12	30	25	29	18	32	47	55	62	53	45	12
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	12	30	25	29	18	32	47	55	62	53	45	12
Adjusted Earnings Per Share	1.1	2.7	2.3	2.6	1.6	2.8	4.2	4.9	5.6	4.7	4	1.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	-1%	-1%	-2%
Operating Profit CAGR	-3%	-1%	7%	7%
PAT CAGR	-15%	-6%	7%	14%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	92%	18%	20%	22%
ROE Average	7%	9%	10%	9%
ROCE Average	9%	11%	12%	11%

Xchanging Solutions Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	250	279	304	333	350	384	433	496	556	613	676
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	1	2	1	0	0	0	0	0	0	0
Other Non-Current Liabilities	6	-0	-4	-1	-6	-6	-5	1	1	8	16
Total Current Liabilities	99	123	122	101	128	112	114	119	115	108	112
Total Liabilities	357	403	424	434	472	490	543	616	672	730	805
Fixed Assets	166	166	166	164	161	159	159	161	160	161	160
Other Non-Current Assets	25	35	43	44	44	34	33	19	39	36	44
Total Current Assets	166	202	215	226	267	297	351	435	473	533	600
Total Assets	357	403	424	434	472	490	543	616	672	730	805

Xchanging Solutions Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	41	42	71	75	108	153	195	257	326	391	440
Cash Flow from Operating Activities	14	35	1	28	38	36	48	46	62	35	42
Cash Flow from Investing Activities	-13	-8	4	5	10	5	11	14	8	8	10
Cash Flow from Financing Activities	-0	0	0	-1	-1	-1	-0	-1	-2	-1	-0
Net Cash Inflow / Outflow	1	27	4	32	47	41	59	58	68	42	51
Closing Cash & Cash Equivalent	42	71	75	108	153	195	257	326	391	440	515

Xchanging Solutions Ratios

#	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.1	2.72	2.25	2.62	1.64	2.84	4.19	4.91	5.61	4.72	4.03
CEPS(Rs)	1.56	3.17	2.68	3	1.91	2.95	4.24	5.04	5.73	4.8	4.09
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	22.46	25.02	27.31	29.88	31.41	34.43	38.89	44.53	49.88	55.07	60.7
Core EBITDA Margin(%)	7.27	7.08	0.25	9.95	2.97	14.01	23.21	26.43	28.29	30.62	28.44
EBIT Margin(%)	10.05	16.31	11.25	13.89	6.51	21.87	30.86	32.6	35.73	35.02	34.23
Pre Tax Margin(%)	9.84	16.06	11.06	13.82	6.46	21.85	30.85	32.53	35.59	34.93	34.17
PAT Margin (%)	5.87	12.47	8.75	10.45	5.95	17.02	25.37	30.01	31.9	30.17	25.74
Cash Profit Margin (%)	8.3	14.52	10.41	11.95	6.94	17.65	25.63	30.8	32.6	30.69	26.09
ROA(%)	3.64	7.98	6.08	6.81	4.03	6.58	9.05	9.44	9.69	7.5	5.85
ROE(%)	5.03	11.46	8.62	9.17	5.35	8.63	11.44	11.77	11.87	8.99	6.96
ROCE(%)	8.56	14.9	11	12.12	5.84	11.07	13.91	12.79	13.3	10.44	9.26
Receivable days	93.89	69.44	72.02	73.38	54.8	76.33	59.55	49.55	28.01	25.25	23.35
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	12.69	4.47	17.32	21.99	29.19	20.25	10.57	6.44	11.54	17.16	13.21
Price/Book(x)	0.62	0.49	1.43	1.93	1.52	1.67	1.14	0.71	1.3	1.47	0.88
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.55	0.26	1.26	1.92	1.57	3.02	1.27	0.14	1.68	2.65	0.45
EV/Core EBITDA(x)	3.65	1.54	14.84	12.45	20.92	13.44	4.09	0.41	4.61	7.46	1.3
Net Sales Growth(%)	-62.16	16.41	18.04	-2.6	9.94	-39.5	-0.97	-1	7.4	-10.97	0.09
EBIT Growth(%)	-96.22	88.95	-18.58	20.22	-48.51	103.35	39.75	4.59	17.69	-12.73	-2.18
PAT Growth(%)	-97.72	147.43	-17.16	16.29	-37.4	73.09	47.63	17.11	14.15	-15.81	-14.59
EPS Growth(%)	-97.72	147.43	-17.16	16.29	-37.4	73.08	47.63	17.11	14.15	-15.81	-14.59
Debt/Equity(x)	0.01	0.01	0.01	0	0	0	0	0	0	0	0
Current Ratio(x)	1.67	1.64	1.76	2.24	2.09	2.66	3.07	3.67	4.1	4.95	5.36
Quick Ratio(x)	1.67	1.64	1.76	2.24	2.09	2.66	3.07	3.67	4.1	4.95	5.36
Interest Cover(x)	46.64	65.02	57.66	204.32	133.27	1016.25	5681	457.08	268.96	381.44	597
Total Debt/Mcap(x)	0.01	0.01	0	0	0	0	0	0	0	0	0

Xchanging Solutions Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0.15	0.24	0.24	0.06	0.11	0.06	0.04	0.11	0.11	0.23
DII	0.36	0.31	0.31	0.31	0.31	0.31	0.3	0.3	0.3	0.3
Public	24.48	24.45	24.45	24.63	24.58	24.63	24.67	24.6	24.59	24.47
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	8.36	8.36	8.36	8.36	8.36	8.36	8.36	8.36	8.36	8.36
FII	0.02	0.03	0.03	0.01	0.01	0.01	0	0.01	0.01	0.03
DII	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	2.73	2.72	2.72	2.74	2.74	2.74	2.75	2.74	2.74	2.73
Others	0	0	0	0	0	0	0	0	0	0
Total	11.14	11.14	11.14	11.14	11.14	11.14	11.14	11.14	11.14	11.14

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
The company has delivered a poor profit growth of 7% over past five years.

* 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.