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NSE:XCHANGING

XCHANGING SOLUTIONS LTD

Information Technology › IT - Software
₹56.74
at close · 28 Oct 2026
▼ 0.56 (-0.98%)

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Company Secretary and Compliance Officer resigns effective December 16, 2026 · Management Changes
  3. Routine quarterly certificate on dematerialisation of shares · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in IT software and consulting, sitting within the DXC Technology group with DXC Technology India Private Limited as promoter. For FY26, consolidated revenue was ₹202.92 crore, up 9.7% year-on-year, with net profit of ₹59.45 crore, up 19.9% year-on-year. The cost structure is people-driven: employee costs of ₹60.58 crore accounted for 29.9% of revenue and other operating expenses of ₹73.82 crore for 36.4%, with no material costs and negligible capex. Standalone results show FY26 profit after tax of ₹3,697 lakhs, up 88.7% year-on-year, which included ₹1,706 lakhs of dividend income from subsidiaries, indicating the standalone entity holds operating subsidiaries that contribute to consolidated revenue. The balance sheet carried low leverage at 0.18 debt-to-equity, consolidated cash and equivalents of ₹31,100 lakhs at FY26 year-end, and the Board recommended a ₹2 per share final dividend.

Operating scale
FY26 consolidated revenue
₹202.92 croreFY26
FY26 consolidated net profit
₹59.45 croreFY26
FY26 EBITDA margin
40.46%FY26
FY26 standalone PAT
₹3,697 lakhsFY26
FY26 dividend from subsidiaries
₹1,706 lakhsFY26
FY26 consolidated cash position
₹31,100 lakhsFY26
Biggest cost
Employee costs at ₹60.58 crore (29.9% of revenue), reflecting a people-driven IT services cost base
Kind of business
Asset-light IT software and consulting with negligible capex and materials
Where it sits
Part of the DXC Technology group; promoter is DXC Technology India Private Limited
Market Cap
₹632 Cr
P / E (TTM)
10.4×
EV / EBITDA
4.7×
Div Yield
3.52%
Growth
0.7%▲
Revenue 5y CAGR
PAT -1.0% · EBITDA +2.9%
Quality
14.6%▲
ROCE (5y median)
ROE 8.6% (5y median) · margin 40.5%
Leverage
0.18·
Debt / Equity · low
Net cash ₹240 Cr
Revenue FY21→FY26
1.0×▲
Margin −2.6 pts
₹196 Cr → ₹203 Cr
Cash conversion
0.69×·
Operating cash ÷ profit · 5 yrs
₹153 Cr on ₹220 Cr
Moves on a normal day
1.05%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 78 Computers - Software & Consulting peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#14/65
P/B#19/65
ROCE#32/76
ROE#24/64
Debt / Equity#46/65
EBITDA margin#6/65
Revenue growth#40/63
Profit growth#30/62

Scorecard

Measured from the filed financials, judged against its Computers - Software & Consulting peers · as of FY26 — not investment advice

Strengths
Pays out 38% of profit as dividend
Concerns
Slow revenue growth — 1% a year over 5 years
Profit shrinking over 5 years (−1% a year)
Erratic profits — up in only 2 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

XCHANGING · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from XCHANGING SOLUTIONS LTD's filed financials and exchange disclosures

What does XCHANGING SOLUTIONS LTD do?

XCHANGING SOLUTIONS LTD is a IT - Software company listed on NSE and BSE, trading under the symbol XCHANGING.

Is XCHANGING SOLUTIONS LTD profitable?

Yes. Over the trailing twelve months XCHANGING SOLUTIONS LTD reported a net profit of ₹61 Cr on revenue of ₹207 Cr.

Does XCHANGING SOLUTIONS LTD pay a dividend?

Yes. The dividend yield is 3.52% at the current price. It paid out 38% of its profit as dividend in FY26.

Is XCHANGING SOLUTIONS LTD debt-free?

On a net basis, yes. It reported borrowings of ₹71 Cr on its 31 Mar 2026 balance sheet, but holds ₹240 Cr more cash than debt.

Is XCHANGING SOLUTIONS LTD expensive compared with its peers?

On trailing P/E, XCHANGING SOLUTIONS LTD ranks 14 of 65 in Computers - Software & Consulting — cheaper than 80% of them, against an industry median of 15.0×. This is a position, not a valuation judgement.

How much does the XCHANGING SOLUTIONS LTD share price move in a day?

On a typical session XCHANGING SOLUTIONS LTD moves 1.05% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are XCHANGING SOLUTIONS LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track XCHANGING SOLUTIONS LTD's announcements?

Every NSE and BSE filing by XCHANGING SOLUTIONS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.