Xchanging Sol.

NSE: XCHANGING · Computers - Software & Consulting

52W Range₹48 ₹103

Snapshot

Unlock Xchanging Sol.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Xchanging Solutions Limited provides information technology services and business process solutions to a global client base. The company operates as a subsidiary of Xchanging (Mauritius) Limited and is headquartered in Bengaluru, India.

Business Model

The company generates revenue by providing IT-enabled services and consulting, leveraging its position as part of a larger international group. It focuses on delivering technology solutions to clients across India, Europe, the United States, and Singapore.

  • Incorporation Year:2002

Growth Outlook

Growth is primarily driven by the company's ability to scale its IT service offerings across international markets. Future performance remains tied to its integration within the broader Xchanging group's global delivery network.

Key Risks

  • Parent Company Dependency. As a subsidiary of Xchanging (Mauritius) Limited, the company's strategic direction and financial health are heavily influenced by its parent entity.
  • Currency Fluctuation. Operating across multiple international markets exposes the company to volatility in foreign exchange rates, which can impact reported earnings.
  • Competitive IT Landscape. The company faces intense competition from both domestic and global IT service providers, which may pressure margins and market share.
  • Geopolitical and Regulatory Risk. Operating in diverse geographies subjects the company to varying regulatory environments and potential geopolitical instability in its key markets.

Price

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Key Metrics

REVENUE

₹203 Cr

TTM · consolidated

+9.7%YoY

NET PROFIT

₹59 Cr

TTM · consolidated

+19.9%YoY

EPS

₹5.34

TTM · consolidated

+20.0%YoY

RETURN ON EQUITY

16.2%

TTM · consolidated

+2.2 ppYoY

RETURN ON CAPITAL EMPLOYED

18.8%

TTM · consolidated

+3.6 ppYoY

P/E

12.2x

Q4 FY26 · consolidated

12.2 vs 23.1x5Y avg

EV/EBITDA

5.9x

Q4 FY26 · consolidated

5.9 vs 12.0x5Y avg

EBITDA MARGIN

40.5%

TTM · consolidated

+2.6 ppYoY

NET PROFIT MARGIN

31.7%

Q4 FY26 · consolidated

+2.8 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

-0.06xYoY

Peers · Computers - Software & Consulting

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Xchanging Sol.XCHANGING
61612.215.939.7%40.5%16.2%18.8%-32.8%
Innovana Think.INNOVANA
72219.1511.9144.6%16.2%30.0%-42.7%
Ksolves IndiaKSOLVES
64225.3714.3018.4%30.2%149.9%145.7%-13.4%
NINtec SystemsNINSYS
63451.8336.4121.7%26.8%46.4%59.5%+99.5%
Mindteck (India)MINDTECK
52320.8912.43-4.0%11.8%11.6%14.3%-6.5%
Workmates Core2WORKMATES
40415.0%

As of Q4 FY26

Financials