Xchanging Solutions Ltd
Xchanging Solutions Ltd (XCHANGING) last reported results for the quarter ended Jun 2026, with sales of ₹54 crore and net profit of ₹15 crore. The stock last traded at ₹60, a market capitalisation of ₹668 crore, on a P/E of 11.0. Over the past 52 weeks the stock has ranged between ₹47.5 and ₹103. Figures are as of 6 Oct 2026 and are not real time.
Xchanging Solutions Ltd share price and key metrics
- Current price
- ₹60
- Market cap
- ₹668 cr
- Stock P/E
- 11.0
- Book value
- ₹35.6
- ROE
- 15.8%
- ROCE
- 18.0%
- Dividend yield
- 3.32%
- 52w high / low
- 103/47.5
Metrics as of 6 Oct 2026. Not real time.
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Xchanging Solutions Ltd growth and returns
- 10 Years
- -3%
- 5 Years
- 1%
- 3 Years
- 5%
- TTM
- 8%
- 10 Years
- 7%
- 5 Years
- -1%
- 3 Years
- 10%
- TTM
- 15%
- 10 Years
- 0%
- 5 Years
- -13%
- 3 Years
- -14%
- 1 Year
- -32%
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 10%
- Last Year
- 16%
Xchanging Solutions Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹54 cr, up 8.0% from ₹50 cr a year earlier. Net profit was ₹15 cr, up 7.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 44 | 46 | 51 | 50 | 53 | 49 | 51 | 54 |
| Expenses | 34 | 31 | 33 | 34 | 36 | 33 | 32 | 36 |
| Operating profit | 11 | 14 | 17 | 16 | 17 | 16 | 19 | 18 |
| OPM % | 24% | 31% | 34% | 33% | 32% | 33% | 37% | 34% |
| Other income | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 |
| Interest | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 13 | 16 | 20 | 19 | 19 | 18 | 21 | 20 |
| Tax % | 25% | 12% | 25% | 27% | 14% | 27% | 22% | 26% |
| Net profit | 10 | 14 | 15 | 14 | 16 | 13 | 16 | 15 |
| EPS (₹) | 0.88 | 1.30 | 1.32 | 1.24 | 1.46 | 1.18 | 1.46 | 1.36 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Xchanging Solutions Ltd annual results
| ₹ crore | Dec 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 279 | 186 | 184 | 182 | 196 | 174 | 174 | 174 | 185 | 203 | 207 |
| Operating profit | 28 | 26 | 43 | 48 | 55 | 53 | 50 | 47 | 53 | 69 | 70 |
| OPM % | 10% | 14% | 23% | 26% | 28% | 31% | 28% | 27% | 29% | 34% | 34% |
| Net profit | 29 | 32 | 47 | 55 | 62 | 53 | 45 | 14 | 50 | 59 | 61 |
| EPS (₹) | 2.62 | 2.84 | 4.19 | 4.91 | 5.60 | 4.72 | 4.03 | 1.23 | 4.45 | 5.34 | 5.46 |
TTM is the trailing twelve months to the most recent quarter.
Xchanging Solutions Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 239 | 272 | 322 | 385 | 444 | 502 | 565 | 243 | 247 | 285 |
| Borrowings | 1 | 0 | 0 | 2 | 3 | 2 | 1 | 105 | 85 | 71 |
| Other liabilities | 101 | 84 | 80 | 75 | 67 | 61 | 66 | 64 | 60 | 56 |
| Total liabilities | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 523 | 504 | 523 |
| Fixed assets | 161 | 159 | 159 | 161 | 160 | 161 | 160 | 159 | 158 | 158 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 101 | 122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 190 | 188 | 355 | 412 | 465 | 516 | 583 | 364 | 346 | 364 |
| Total assets | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 523 | 504 | 523 |
As reported by the company. Total assets equal total liabilities by construction.
Xchanging Solutions Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 38 | 36 | 48 | 46 | 62 | 35 | 42 | -12 | 49 | 41 |
| Cash from investing | 8 | 6 | 14 | 24 | 5 | 15 | 34 | 37 | 16 | 20 |
| Cash from financing | -1 | -1 | -0 | -1 | -2 | -1 | -0 | -232 | -72 | -50 |
| Net cash flow | 45 | 42 | 62 | 69 | 65 | 49 | 75 | -207 | -8 | 11 |
| Free cash flow | 38 | 37 | 48 | 45 | 61 | 35 | 42 | -12 | 49 | 41 |
| CFO / operating profit | 451% | 142% | 128% | 113% | 124% | 84% | 113% | 98% | 113% | 96% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Xchanging Solutions Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 6% | 11% | 14% | 13% | 13% | 10% | 9% | 12% | 15% | 18% |
| Debtor days | 55 | 61 | 57 | 41 | 17 | 31 | 16 | 24 | 24 | 30 |
| Cash conversion cycle | 55 | 61 | 57 | 41 | 17 | 31 | 16 | 24 | 24 | 30 |
| Working capital days | -17 | -30 | -44 | -21 | -65 | -32 | -56 | -55 | -86 | -64 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Xchanging Solutions Ltd shareholding pattern
Promoters held 75.00% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.03% and DIIs 0.17%.
| % held | 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% |
| FIIs | 0.08% | 0.07% | 0.01% | 0.09% | 0.00% | 0.01% | 0.11% | 0.03% |
| DIIs | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.17% |
| Public | 24.62% | 24.63% | 24.70% | 24.61% | 24.69% | 24.69% | 24.60% | 24.80% |
| No. of shareholders | 74,629 | 77,197 | 81,445 | 81,416 | 79,663 | 77,624 | 75,079 | 73,508 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Xchanging Solutions Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Intimation of closure of trading window attachedInsider Trading / SASTlow impact
- Xchanging Solutions Limited announces successful conclusion of 25th AGM with all resolutions passedAGM/EGMlow impact
Cruxal's analysis: Xchanging Solutions Limited has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Xchanging Solutions Limited concludes 25th Annual General Meeting; key resolutions include dividend declaration and auditor appointmentAGM/EGMlow impact
Cruxal's analysis: Xchanging Solutions Limited has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Xchanging Solutions Ltd files newspaper publication regarding routine corporate disclosureCompany Updatelow impact
Cruxal's analysis: Xchanging Solutions Ltd has submitted a copy of a newspaper advertisement as part of its…
Read the full analysis - Xchanging Solutions Ltd files Business Responsibility and Sustainability Report (BRSR)Otherslow impact
Cruxal's analysis: Xchanging Solutions Ltd has submitted its Business Responsibility and Sustainability…
Read the full analysis - Xchanging Solutions Ltd releases Annual Report for the financial year 2025-26Company Updatelow impact
Cruxal's analysis: Xchanging Solutions Ltd has provided the web link for its Annual Report to its members…
Read the full analysis - Xchanging Solutions Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Xchanging Solutions Ltd has submitted its Annual Report in compliance with Regulation…
Read the full analysis - Xchanging Solutions Limited Announces 25th AGM and Financial Results for FY 2025-26AGM/EGMhigh impact
Cruxal's analysis: Xchanging Solutions Limited has scheduled its 25th Annual General Meeting for September…
Read the full analysis - Xchanging Solutions Ltd publishes routine newspaper advertisement for regulatory complianceCompany Updatelow impact
Cruxal's analysis: Xchanging Solutions Ltd has filed a disclosure regarding the publication of a newspaper…
Read the full analysis - Xchanging Solutions Limited announces final dividend of INR 2 per share for FY 2026Company Updatelow impact
Cruxal's analysis: Xchanging Solutions Limited has recommended a final dividend of INR 2 per equity share…
Read the full analysis - Xchanging Solutions Ltd publishes mandatory newspaper notice regarding financial disclosuresCompany Updatelow impact
Cruxal's analysis: Xchanging Solutions Ltd has fulfilled its regulatory obligation under Regulation 30 of…
Read the full analysis - Xchanging Solutions Limited Reports Q1 FY27 Financial Results with Consolidated Revenue of 63.84 croreBoard Meetingmedium impact
Cruxal's analysis: Xchanging Solutions Limited has declared its unaudited financial results for the quarter…
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