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Xchanging Solutions Limited
(XCHANGING)
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Rating:68Neutral
Price Target:
₹66.00
▼(-19.02% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily supported by strong recent profitability and improving leverage, plus an attractive valuation (low P/E and solid dividend yield). These positives are tempered by weak technical momentum (below major moving averages with bearish MACD and low RSI) and a history of earnings/cash-flow volatility that reduces confidence in stability.
Positive Factors
Strong Profitability
High gross, operating, and net margins indicate an economically attractive services model with meaningful operating efficiency. If sustained, this profitability can support reinvestment, resilience against cost pressure, and stronger returns from enterprise outsourcing contracts.
Negative Factors
Earnings Volatility
The sharp margin swing shows that reported profitability can vary materially between years. Such volatility may reflect execution, contract, or cost factors and makes it harder to forecast sustainable earnings, plan investment, and assess the durability of recent margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High gross, operating, and net margins indicate an economically attractive services model with meaningful operating efficiency. If sustained, this profitability can support reinvestment, resilience against cost pressure, and stronger returns from enterprise outsourcing contracts.
Read all positive factors
Xchanging Solutions Limited (XCHANGING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.83B
Dividend Yield3.26%
Average Volume (3M)9.60K
Price to Earnings (P/E)11.3
Beta (1Y)1.54
Revenue Growth8.25%
EPS Growth15.33%
CountryIN
Employees86
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.46
Shares Outstanding111,403,710
10 Day Avg. Volume4,459
30 Day Avg. Volume9,595
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.34
Price to Sales (P/S)2.62
P/FCF Ratio10.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Xchanging Solutions Limited Business Overview & Revenue Model
Company Description
Established in 2002, Xchanging Solutions Limited, with its main offices in Bengaluru, India, offers information technology services internationally, serving clients across India, Europe, the United States, and Singapore. The company, a subsidiary ...
How the Company Makes Money
Xchanging Solutions Limited primarily makes money by providing outsourced business process and IT-enabled services to enterprise clients under contractual arrangements. Key revenue streams generally include: (1) Managed services / BPO fees: recurr...
Xchanging Solutions Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.07B | 2.03B | 1.85B | 1.74B | 1.74B | 1.74B |
| Gross Profit | 832.30M | 816.50M | 649.40M | 516.00M | 1.11B | 1.12B |
| EBITDA | 799.50M | 821.10M | 528.40M | 685.70M | 603.10M | 619.40M |
| Net Income | 608.00M | 594.50M | 495.80M | 137.00M | 449.00M | 525.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.23B | 5.04B | 5.23B | 7.43B | 6.73B |
| Cash, Cash Equivalents and Short-Term Investments | 3.12B | 3.12B | 3.01B | 3.08B | 5.15B | 4.40B |
| Total Debt | 0.00 | 711.10M | 854.70M | 1.05B | 13.40M | 17.20M |
| Total Liabilities | -3.96B | 1.27B | 1.46B | 1.69B | 669.40M | 597.40M |
| Stockholders Equity | 3.96B | 3.96B | 3.59B | 3.54B | 6.76B | 6.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 486.70M | 467.50M | -120.80M | 420.30M | 348.80M |
| Operating Cash Flow | 0.00 | 486.70M | 467.50M | -120.60M | 420.30M | 349.70M |
| Investing Cash Flow | 0.00 | -100.00K | 141.40M | 354.80M | 96.60M | 78.70M |
| Financing Cash Flow | 0.00 | -442.90M | -700.20M | -2.32B | -4.80M | -10.70M |
Xchanging Solutions Limited Technical Analysis
Negative
81.50
Price Trends
62.59
Negative
63.09
Negative
66.61
Negative
Market Momentum
-0.73
Positive
44.10
Neutral
20.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:XCHANGING, the sentiment is Negative. The current price of 81.5 is above the 20-day moving average (MA) of 62.21, above the 50-day MA of 62.59, and above the 200-day MA of 66.61, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 44.10 is Neutral, neither overbought nor oversold. The STOCH value of 20.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:XCHANGING.
Xchanging Solutions Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹6.83B | 11.27 | ― | 3.26% | 8.25% | 15.33% | |
66 Neutral | ₹5.43B | 17.37 | ― | 0.59% | -1.79% | 0.05% | |
66 Neutral | ₹4.04B | 13.08 | ― | 17.91% | 4.74% | -11.10% | |
63 Neutral | ₹5.91B | 16.51 | ― | 2.88% | 19.18% | -1.69% | |
61 Neutral | ₹3.61B | 9.34 | ― | 4.39% | 35.17% | 9.87% | |
60 Neutral | ₹4.66B | 12.58 | ― | 3.07% | -2.21% | -53.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:XCHANGING
Xchanging Solutions Limited
61.30
-24.19
-28.29%
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-35.38%
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-6.47
-4.64%
IN:INSPIRISYS
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91.08
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-3.62%
IN:MINDTECK
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170.00
-42.69
-20.07%
Xchanging Solutions Limited Corporate Events
Xchanging Solutions Publishes AGM and Annual Report Notices to Shareholders
Aug 22, 2026
Xchanging Solutions Limited has notified the stock exchanges that it has published newspaper advertisements in Financial Express and Sanjevani, in compliance with SEBI’s Listing Obligations and Disclosure Requirements Regulations. The notice...
Xchanging Solutions sets September 15, 2026 virtual AGM, releases 2025-26 annual report
Aug 21, 2026
Xchanging Solutions Limited has scheduled its 25th Annual General Meeting for September 15, 2026, at 10:00 a.m. IST, to be held via video conferencing and other audio-visual means in line with regulatory guidance. The company has released its Annu...
Xchanging Solutions Moves AGM and Annual Report Access Fully Online
Aug 21, 2026
Xchanging Solutions Limited has announced that its 25th Annual General Meeting will be held on September 15, 2026, via video conferencing in line with MCA and SEBI guidelines. The notice of the AGM and the annual report for the 2025-26 financial y...
Xchanging Solutions details TDS process for FY26 final dividend
Aug 15, 2026
Xchanging Solutions Limited has notified stock exchanges that it has issued detailed guidance to shareholders on tax deduction at source for the final dividend for the financial year ended March 31, 2026. The communication, sent by email to regist...
Xchanging Solutions to Close Trading Window Ahead of Q1 FY27 Results
Jun 26, 2026
Xchanging Solutions Limited has announced that its trading window for dealing in the company’s securities will be closed from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.