Xchanging Solutions Limited (IN:XCHANGING)
:XCHANGING
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Xchanging Solutions Limited
(XCHANGING)
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Rating:63Neutral
Price Target:
₹66.00
▼(-19.02% Downside)
Action:ReiteratedDate:03/28/26
The score is supported by strong financial stability and profitability (low leverage, improving margins, and better free cash flow), but is held back by weak technicals (price below key moving averages with negative MACD) despite oversold readings. Valuation is reasonable with a solid dividend yield, providing partial support.
Positive Factors
Low leverage and strong equity position
A low debt-to-equity ratio (0.24) and a 71.12% equity ratio provide durable financial flexibility, reducing interest burden and default risk. This balance-sheet strength supports funding for investments, contract delivery and dividends without heavy reliance on external financing during industry cycles.
Negative Factors
Declining total assets
A shrinking asset base may limit capacity to scale managed-service operations or invest in technology platforms that drive long-term growth. Over months, reduced asset backing can constrain contract onboarding, slow expansion and signal underinvestment or asset sales that reduce future revenue potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity position
A low debt-to-equity ratio (0.24) and a 71.12% equity ratio provide durable financial flexibility, reducing interest burden and default risk. This balance-sheet strength supports funding for investments, contract delivery and dividends without heavy reliance on external financing during industry cycles.
Read all positive factors
Xchanging Solutions Limited (XCHANGING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.92B
Dividend Yield2.4%
Average Volume (3M)68.23K
Price to Earnings (P/E)17.1
Beta (1Y)1.43
Revenue Growth13.52%
EPS Growth101.98%
CountryIN
Employees104
SectorServices
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.18
Shares Outstanding111,403,710
10 Day Avg. Volume4,303
30 Day Avg. Volume68,231
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)2.76
Price to Sales (P/S)5.35
P/FCF Ratio21.17
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
Xchanging Solutions Limited provides information technology services in India, Europe, the United States, Singapore, and internationally. The company was formerly known as Cambridge Solutions Limited and changed its name to Xchanging Solutions Lim...
How the Company Makes Money
Xchanging generated revenue mainly by delivering outsourced business process services and related technology services under commercial contracts with corporate clients. Its core revenue streams were (1) recurring service fees for running clients’ ...
Xchanging Solutions Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.91B | 1.85B | 1.74B | 1.74B | 1.74B | 1.96B |
| Gross Profit | 839.70M | 649.40M | 516.00M | 1.11B | 1.12B | 623.30M |
| EBITDA | 703.00M | 528.40M | 685.70M | 603.10M | 619.40M | 713.10M |
| Net Income | 527.20M | 495.80M | 137.00M | 449.00M | 525.70M | 624.40M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.04B | 5.23B | 7.43B | 6.73B | 6.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.00B | 3.01B | 3.08B | 5.15B | 4.40B | 3.92B |
| Total Debt | 0.00 | 854.70M | 1.05B | 13.40M | 17.20M | 26.50M |
| Total Liabilities | -3.59B | 1.46B | 1.69B | 669.40M | 597.40M | 692.60M |
| Stockholders Equity | 3.59B | 3.59B | 3.54B | 6.76B | 6.13B | 5.56B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 467.50M | -120.80M | 420.30M | 348.80M | 614.20M |
| Operating Cash Flow | 0.00 | 467.50M | -120.60M | 420.30M | 349.70M | 619.80M |
| Investing Cash Flow | 0.00 | 141.40M | 354.80M | 96.60M | 78.70M | 77.10M |
| Financing Cash Flow | 0.00 | -700.20M | -2.32B | -4.80M | -10.70M | -18.20M |
Xchanging Solutions Limited Technical Analysis
Neutral
81.50
Price Trends
63.65
Negative
72.85
Negative
81.23
Negative
Market Momentum
-1.61
Negative
56.37
Neutral
86.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:XCHANGING, the sentiment is Neutral. The current price of 81.5 is above the 20-day moving average (MA) of 56.47, above the 50-day MA of 63.65, and above the 200-day MA of 81.23, indicating a neutral trend. The MACD of -1.61 indicates Negative momentum. The RSI at 56.37 is Neutral, neither overbought nor oversold. The STOCH value of 86.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹3.99B | -18.48 | ― | 1.80% | -1.24% | -9.83% | |
63 Neutral | ₹6.92B | 17.10 | ― | 2.40% | 13.52% | 101.98% | |
60 Neutral | ₹3.11B | -4.30 | ― | 0.76% | 10.69% | -203.58% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
44 Neutral | ₹6.71B | 11.60 | ― | ― | ― | ― |
* Services Sector Average
IN:XCHANGING
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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.