Xchanging Solutions Limited (XCHANGING) AI Stock Analysis

• Market Cap: ₹9.68B
• Dividend Yield: 2.33%
• Average Volume (3M): 16.04K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 1.40
• Revenue Growth: 9.51%
• EPS Growth: 58.32%
• Country: IN
• Employees: 104
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 1.24
• Shares Outstanding: 111,403,710
• 10 Day Avg. Volume: 17,704
• 30 Day Avg. Volume: 16,041
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹103.00
• Price Target Upside: 20.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹103.00 ▲(20.07% Upside)

Xchanging Solutions Limited has a stable financial performance with strong profitability, low leverage, and reasonable valuation. However, technical indicators suggest bearish sentiment, which tempers the overall positive outlook. The absence of any notable corporate events or earnings call data means the score is primarily influenced by financials and technical analysis.

Xchanging Solutions Limited Business Overview & Revenue Model

Company Description

Xchanging Solutions Limited (XCHANGING) is a technology-driven business process and technology services provider, primarily operating in the fields of banking, financial services, insurance, and technology services. The company offers a wide array of services including business processing services, technology services, and procurement and accounting solutions. Xchanging aims to enhance the efficiency and performance of its clients by providing tailored solutions that leverage its expertise in technology and operations management.

How the Company Makes Money

Xchanging Solutions Limited generates revenue through a combination of business process outsourcing (BPO) services, technology services, and procurement solutions. The company's BPO services include back-office operations, data management, and customer service solutions, catering primarily to the banking, financial services, and insurance sectors. Technology services include consulting, software development, and IT support, which help clients in optimizing their operations and infrastructure. Additionally, Xchanging provides procurement services that assist clients in managing their supply chains and reducing costs. The company also benefits from strategic partnerships and collaborations with key industry players, which enhance its service offerings and market reach, contributing significantly to its revenue streams.

Xchanging Solutions Limited Financial Statement Overview

Summary

Xchanging Solutions Limited demonstrates strong financial stability with positive revenue and profit growth, a solid equity position, and minimal leverage risks. However, potential concerns arise from the decline in total assets and fluctuations in cash flow.

Income Statement

Xchanging Solutions Limited has shown a stable financial performance with a positive revenue growth rate of 6.02% from 2024 to 2025. The gross profit margin improved significantly to 35.38% in 2025, reflecting strong cost management. Net profit margin also increased to 26.82%, indicating enhanced profitability. However, the EBIT and EBITDA margins have seen slight variations, with EBITDA margin decreasing to 28.58%, which may require attention to operational efficiency.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 71.12% in 2025, showcasing financial stability. The debt-to-equity ratio is low at 0.24, indicating minimal leverage risks. Return on equity is robust at 13.82%, reflecting effective utilization of equity. However, the decline in total assets over the years could be a concern for future growth prospects.

Cash Flow

The cash flow analysis reveals a significant improvement in free cash flow from negative in 2024 to positive in 2025, indicating better cash management. The operating cash flow to net income ratio stands at 0.94, suggesting strong cash generation relative to net income. However, the historical fluctuation in operating cash flow raises concern about cash flow consistency.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2021	Mar 2022
Income Statement
Total Revenue	1.85B	1.74B	1.74B	1.96B	1.74B
Gross Profit	654.20M	516.00M	1.11B	1.22B	1.12B
EBITDA	528.40M	685.70M	603.10M	713.10M	619.40M
Net Income	495.80M	137.00M	449.00M	624.40M	525.70M
Balance Sheet
Total Assets	5.04B	5.23B	7.43B	6.25B	6.73B
Cash, Cash Equivalents and Short-Term Investments	3.01B	3.08B	5.35B	3.92B	4.40B
Total Debt	854.70M	1.05B	13.40M	26.50M	17.20M
Total Liabilities	1.46B	1.69B	669.40M	692.60M	597.40M
Stockholders Equity	3.59B	3.54B	6.76B	5.56B	6.13B
Cash Flow
Free Cash Flow	467.50M	-120.80M	420.30M	614.20M	348.80M
Operating Cash Flow	467.50M	-120.60M	420.30M	619.80M	349.70M
Investing Cash Flow	141.40M	354.80M	96.60M	77.10M	78.70M
Financing Cash Flow	-700.20M	-2.32B	-4.80M	-18.20M	-10.70M

Xchanging Solutions Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 85.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 85.78 is below the 20-day moving average (MA) of 89.31, below the 50-day MA of 93.51, and below the 200-day MA of 97.55, indicating a bearish trend. The MACD of -2.51 indicates Positive momentum. The RSI at 35.78 is Neutral, neither overbought nor oversold. The STOCH value of 23.57 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
XCHANGING	67 Neutral	₹9.68B	18.35		2.33%	9.51%	58.32%
SATINDLTD	66 Neutral	₹10.78B	13.35		0.31%	15.56%	-76.52%
DREAMFOLKS	64 Neutral	₹7.67B	11.00		0.99%	10.97%	-5.26%
Sector *	57 Neutral	$1.60B	-3.70	3.73%	4.29%	5.38%	-37.86%

Xchanging Solutions Limited Corporate Events

Xchanging Solutions Publishes Q1 2025 Financial Results

Xchanging Solutions Limited has announced the publication of its financial results for the quarter ended June 30, 2025, in prominent newspapers. This disclosure is in compliance with SEBI regulations and reflects the company’s commitment to transparency with its stakeholders. The financial results will also be available on the company’s website, indicating a strategic move to maintain investor confidence and engagement.

Xchanging Solutions Announces Virtual AGM via Newspaper Notices

Xchanging Solutions Limited has announced the publication of newspaper notices regarding its 24th Annual General Meeting (AGM), which will be conducted via video conferencing. This move aligns with the regulatory requirements set by the Securities and Exchange Board of India and reflects the company’s commitment to maintaining transparency and accessibility for its shareholders.

Xchanging Solutions Receives SEBI Compliance Certificate for Q2 2025

Xchanging Solutions Limited has announced the receipt of a certificate from KFin Technologies Limited, its Registrar and Share Transfer Agent, in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This certificate pertains to the dematerialization and rematerialization of securities for the quarter ending June 30, 2025, and has been furnished to all stock exchanges where the company’s shares are listed, ensuring adherence to regulatory requirements.