Xchanging Solutions Limited, Fundamental analysis

Industry Industry name	IT - Software
Variance Full Year Net Profit Variance	20
Equity Latest Equity	111.4
Face Value Latest Face Value	10
Reserves Total Reserve	284.66
Dividend Full Year Dividend %	20
Sales Turnover Full Year Net Sales	202.92
Net Profit Full Year Net Profit	59.46
Full Year CPS Full Year Cash Per Share	5.3
Earning Per Share Full Year Earning Per Share	5.3
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Jun 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	53.64
Previous EPS Previous earnings per share	0
Book Value Book value	35.6
Networth Full Year Return on Networth	15.75
Price/Book Value Price to Book value	1.713483
Yearly PE ratio Full Year Price to Earning per share	11.4
Yearly PC ratio Full Year Price to Cash Per Share	11.4
Bse value BSE Value in lakhs	1.21
Nse value NSE Value in lakhs	37.65
High 52 week high	103
Low 52 week low	48
Price NSE Current market price	61
CPM Current market price	61

Market cap BSE / NSE Market Cap	682.9
Net profit Latest Quarter Net Profit	15.12
Net profit variance Latest Quarter Net Profit variance	10
Result year Trailing latest month	Jun 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	175.46
TTM OP Trailing Twelve 12 month Operating Profit	42.7
TTM OPM Trailing Twelve 12 month Operating Profit Margin	24.34
TTM GP Trailing Twelve 12 month Gross Profit	78.33
TTM GPM Trailing Twelve 12 month Gross Profit Margin	37.92
TTM NP Trailing Twelve 12 month Net Profit	29.29
TTM NPV Trailing Twelve 12 month Net Profit Variane	15.33
TTM EPS Trailing Twelve 12 month EPS	5.46
TTM PE Trailing Twelve 12 month PE	11.23
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	0.47
Equity Latest Equity	111.4
LTP Latest Price (BSE/NSE)	61
Gross block Latest Gross Block	160.07
Loans Total loans	71.11
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	33.8
Year GPM Full Year Gross Profit Margin	37.8
Quarter OPM Latest quater Operation Profit Margin	33.5

	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
YOY Sales Growth %	3%	7%	14%	13%	19%	7%	1%	7%
Gross Sales	44	46	51	50	53	49	51	54
+ Expenses	34	31	33	34	36	33	32	36
Manufacturing Cost %	7%	6%	6%	7%	7%	6%	6%	6%
Employee Cost %	36%	35%	32%	31%	30%	31%	27%	28%
Other Cost %	32%	28%	27%	30%	30%	30%	30%	32%
Other Manufacturing Expenses %	7%	6%	6%	7%	7%	6%	6%	6%
Development & Construction Cost %	32%	28%	27%	30%	30%	30%	30%	32%
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
Miscellaneous 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%
Current Tax	3	2	5	5	3	5	4	5
Deferred Tax	0	0	0	0	0	0	0	0
+ Net Profit	10	14	15	14	16	13	16	15
Net Profit After Minority Interest	10	14	15	14	16	13	16	15
EPS in Rs	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	307	186	184	182	196	174	174	174	185	203
Sales Growth %		-39%	-1%	-1%	7%	-11%	0%	0%	6%	10%
Gross Sales	223	118	184	182	196	174	174	174	185	203
+ Expenses	303	177	141	134	140	121	125	128	132	134
Manufacturing Cost %	16%	20%	23%	26%	30%	31%	32%	35%	30%	30%
Employee Cost %	63%	56%	48%	42%	38%	36%	36%	35%	34%	30%
Other Cost %	20%	19%	6%	6%	4%	3%	4%	3%	7%	6%
Power & Fuel %	1%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Manufacturing Expenses %	15%	20%	22%	26%	30%	31%	32%	35%	30%	30%
Selling & Administration %	12%	7%	5%	5%	2%	2%	3%	2%	5%	5%
Miscellaneous Expenses %	7%	3%	1%	0%	2%	1%	1%	1%	2%	2%
Development & Construction Cost %	0%	0%	0%	0%	0%	0%	0%	10%	30%	30%
Loss on Forex Transaction %	-0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Operating Profit	4	8	43	48	55	53	50	47	53	69
OPM %	1%	5%	23%	26%	28%	31%	28%	27%	29%	34%
+ Other Income	14	16	15	13	16	9	11	22	17	14
Miscellaneous Income	14	13	15	13	16	9	11	22	17	14
Interest	0	0	0	0	0	0	0	2	6	5
Depreciation	3	1	0	1	1	1	1	1	0	0
Profit before tax	15	23	57	59	70	61	60	66	63	77
+ Tax %	10%	39%	18%	8%	10%	14%	25%	79%	22%	22%
Current Tax	4	9	10	3	7	8	12	52	13	17
Deferred Tax	-3	0	0	1	0	1	3	1	1	0
+ Net Profit	13	14	47	55	62	53	45	14	50	59
Profit Growth %		9%	227%	17%	14%	-16%	-15%	-69%	262%	20%
Net Profit After Minority Interest	18	32	47	55	62	53	45	14	50	59
EPS in Rs	1.31	2.84	4.19	4.91	5.61	4.72	4.03	1.23	4.45	5.34

	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
Secured Borrowings	1	0	0	0	0	0	0	0	0	0
Unsecured Borrowings	0	0	0	2	3	2	1	105	85	71
Deferred Credit	0	0	0	0	0	0	0	0	0	0
+ Other Liabilities	101	84	80	75	67	61	66	64	60	56
Current Liabilities	97	82	79	76	66	63	66	66	61	56
Provisions	30	38	41	36	37	38	38	35	27	24
Other liability items	4	3	3	3	4	4	4	1	1	1
Total Liabilities	452	468	513	573	625	676	743	523	504	523
+ Fixed Assets	161	159	159	161	160	161	160	159	158	158
Gross Block	197	173	173	172	172	172	169	164	160	160
Accumulated Depreciation	36	14	14	11	12	12	9	4	2	2
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
Trade receivables	46	31	29	21	9	15	8	11	12	17
Cash Equivalents	52	79	259	327	392	440	515	308	301	312
Loans n Advances	47	44	35	49	27	35	25	21	18	20
Other asset items	44	33	31	15	36	26	36	23	15	17
Total Assets	452	468	513	573	625	676	743	523	504	523

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	38	36	48	46	62	35	42	-12	49	41
Profit from Operations	20	30	45	50	64	53	50	50	55	69
Working Capital Changes	21	7	10	4	5	-8	6	-4	5	-4
Profit Before Tax & Extraordinary Items	20	41	57	59	70	61	60	66	63	77
Depreciation	3	1	0	1	1	1	1	1	0	0
Interest (Net)	-6	-2	-3	-10	-7	-7	-10	-17	-9	-8
Dividend Received	-2	-5	-5	0	0	0	0	0	0	0
Profit / Loss on Sale of Assets	0	0	0	0	0	0	0	0	0	0
Profit / Loss on Sale of Investments	0	0	0	0	0	0	0	0	0	0
Provisions & Write-offs (Net)	5	-4	-4	-1	0	-1	0	0	0	0
Profit / Loss in Forex	1	0	0	1	0	-1	0	0	0	0
Receivables	-11	14	3	9	10	-4	8	-4	-1	-3
Trade Payables	22	-20	-4	-2	-9	-7	-2	2	1	-4
Direct Taxes Paid	-4	-1	-7	-9	-7	-10	-14	-58	-11	-24
+ Cash from Investing Activity	8	6	14	24	5	15	34	37	16	20
Purchase of Fixed Assets	-1	0	0	0	-1	0	0	0	0	0
Sale of Fixed Assets	1	1	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Interest Received	8	4	3	10	8	7	9	19	14	13
Dividend Received	2	5	5	0	0	0	0	0	0	0
Inter-Corporate Deposits	0	0	0	0	0	0	0	0	0	0
Others	-2	-3	6	15	-2	8	24	17	1	7
+ Cash from Financing Activity	-1	-1	0	-1	-2	-1	0	-232	-72	-50
Proceeds from Other Long-Term Borrowings	0	0	0	0	0	0	0	104	0	0
Repayment of Long-Term Borrowings	-1	-1	0	0	0	0	0	0	-21	-22
Repayment of Financial Liabilities	0	0	0	-1	-2	-1	0	0	0	0
Dividend Paid	0	0	0	0	0	0	0	-334	-45	-22
Interest Paid	0	0	0	0	0	0	0	-2	-6	-5
Net Cash Flow	45	42	62	69	65	49	75	-207	-8	11