Xchanging Solutions Limited

BSE: XCHANGING532616ISIN INE692G01013

Information Technology
Computers - Software & Consulting
BSE Information Technology

Share price

₹57.96-0.02 (-0.03%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹94.60
52W low: ₹47.50
Off 52W high: -38.73%
1M return: -0.72%
3M return: -14.80%
6M return: -16.97%
1Y return: -37.29%
20D avg volume: 7,704
50 DMA: ₹60.28
200 DMA: ₹63.89

Key ratios Consolidated

Market cap: ₹645.70 Cr
Current price: ₹57.96
52W high / low: ₹94.60 / ₹47.50
Face value: ₹10.00
P/E: 10.81
P/B: 1.56
EPS (TTM): ₹5.36
Book value / share: ₹37.21
ROE: —
ROCE: 18.10%
Operating margin: —
Net margin: —
Debt / equity: 0.18
Net debt: ₹-239.89 Cr
Interest cover: 15.20
Dividend yield: 3.45%
Dividend / share (TTM): ₹2.00
Payout: 37.31%
Cash conversion cycle: 2.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	53.21	53.64	51.30	48.82	52.81	49.99	50.74	45.64	44.46	44.06	44.46	42.48
	3.65	3.56	3.26	3.25	3.29	3.79	3.69	3.87	3.88	5.57	8.00	4.62
	56.86	57.20	54.56	52.07	56.10	53.78	54.43	49.51	48.34	49.63	52.46	47.10
	35.87	36.74	33.62	34.10	37.14	34.95	34.91	33.13	35.31	35.15	36.35	31.49
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	14.75	15.01	14.06	15.04	16.03	15.45	16.38	15.89	16.22	15.30	16.08	15.11
	1.09	1.09	1.39	1.36	1.34	1.31	1.50	1.62	1.62	1.62	1.63	0.20
	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.04	0.11	0.12	0.12	0.12
	20.03	20.64	18.17	17.70	19.77	18.18	17.01	2.89	3.13	3.31	1.48	1.70
	20.99	20.46	20.94	17.97	18.96	18.83	19.52	16.38	13.03	14.48	16.11	15.61
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	20.99	20.46	20.94	17.97	18.96	18.83	19.52	16.38	13.03	14.48	16.11	15.61
	5.80	5.34	4.70	4.79	2.70	5.06	4.87	1.90	3.21	3.85	3.73	19.15
	15.19	15.12	16.24	13.18	16.26	13.77	14.65	14.48	9.82	10.63	12.38	-3.54
	1.36	1.36	1.46	1.18	1.46	1.24	1.32	1.30	0.88	0.95	1.11	-0.32
Key metrics
	22.08	21.55	22.33	19.33	20.30	20.15	21.04	18.04	14.76	16.22	17.86	15.93
	41.50%	40.20%	43.50%	39.60%	38.40%	40.30%	41.50%	39.50%	33.20%	36.80%	40.20%	37.50%
	28.50%	28.20%	31.70%	27.00%	30.80%	27.50%	28.90%	31.70%	22.10%	24.10%	27.80%	-8.30%
	4.80%	—	4.90%	—	4.60%	—	4.90%	—	—	—	—	—
	0.80%	7.30%	1.10%	7.00%	18.80%	13.50%	14.10%	7.40%	—	—	—	—
	-6.60%	9.80%	10.90%	-9.00%	65.60%	29.50%	18.30%	509.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	206.97	202.92	184.90	174.42	174.42	174.27
	13.72	13.59	17.01	21.83	10.70	8.57
	220.69	216.51	201.91	196.25	185.12	182.84
	140.33	139.81	138.50	130.07	125.52	121.97
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	58.86	60.58	63.79	60.99	63.11	62.09
	4.93	5.40	6.36	1.87	0.10	0.16
	0.00	0.01	0.29	0.54	0.61	0.91
	76.54	73.82	68.06	5.84	6.81	58.81
	80.36	76.70	63.41	66.18	59.60	60.87
	0.00	0.00	0.00	0.00	0.00	0.00
	80.36	76.70	63.41	66.18	59.60	60.87
	20.63	17.25	13.83	52.48	14.70	8.30
	59.73	59.45	49.58	13.70	44.90	52.57
	5.36	5.34	4.45	1.23	4.03	4.72
Key metrics
	85.29	82.11	70.06	68.59	60.31	61.94
	41.21%	40.50%	37.90%	39.30%	34.60%	35.50%
	28.86%	29.30%	26.80%	7.90%	25.70%	30.20%
	—	18.10%	16.10%	—	—	—
	3.91%	9.70%	6.00%	0.00%	0.10%	—
	0.96%	19.90%	261.90%	-69.50%	-14.60%	—
	—	41.15	46.75	—	—	—
	—	0.69	0.94	—	—	—
	—	0.18	0.24	—	—	—
	—	-239.89	-214.47	—	—	—
	—	2.0	-13.9	—	—	—
Balance sheet
	—	522.82	504.24	—	—	—
	—	345.74	328.77	—	—	—
	—	311.00	299.94	—	—	—
	—	16.57	12.25	—	—	—
	—	0.00	0.00	—	—	—
	—	1.19	1.14	—	—	—
	—	0.01	0.04	—	—	—
	—	15.45	19.28	—	—	—
	—	69.50	71.95	—	—	—
	—	71.11	85.47	—	—	—
	—	23.70	21.37	—	—	—
	—	47.41	64.10	—	—	—
	—	396.06	358.67	—	—	—
Cash flow
	—	41.15	46.75	—	—	—
	—	12.90	14.14	—	—	—
	—	-49.68	-70.02	—	—	—
	—	0.00	0.00	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	9.24	9.37	8.97	9.71	11.62	10.75	11.61	8.57	9.03	9.48	10.67	8.70
	3.55	3.48	3.01	3.20	20.17	3.41	3.49	3.66	3.71	5.43	7.63	72.97
	12.79	12.85	11.98	12.91	31.79	14.16	15.10	12.23	12.74	14.91	18.30	81.67
	6.75	7.30	6.24	8.01	8.53	7.61	8.19	7.28	8.05	7.87	8.87	7.03
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	3.73	4.11	3.26	4.82	4.23	4.09	4.32	4.08	4.42	3.97	5.41	4.21
	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.01	0.01	0.02	0.04	0.02
	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.04	0.11	0.12	0.12	0.12
	3.02	3.19	2.96	3.19	4.30	3.51	3.85	1.74	1.68	1.89	1.03	1.51
	6.04	5.55	5.74	4.90	23.26	6.55	6.91	4.95	4.69	7.04	9.43	74.64
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	126.50
	6.04	5.55	5.74	4.90	23.26	6.55	6.91	4.95	4.69	7.04	9.43	201.14
	1.72	1.60	0.90	1.43	-0.69	1.84	1.93	1.33	1.44	1.96	2.42	16.38
	4.32	3.95	4.84	3.47	23.95	4.71	4.98	6.28	3.25	5.08	7.01	184.76
	0.39	0.35	0.43	0.31	2.15	0.42	0.45	0.56	0.29	0.46	0.63	16.59
Key metrics
	6.04	5.55	5.76	4.90	23.26	6.56	6.93	5.00	4.81	7.18	9.59	201.28
	65.40%	59.20%	64.20%	50.50%	200.20%	61.00%	59.70%	58.30%	53.30%	75.70%	89.90%	2,313.60%
	46.80%	42.20%	54.00%	35.70%	206.10%	43.80%	42.90%	73.30%	36.00%	53.60%	65.70%	2,123.70%
	2.10%	—	1.90%	—	7.80%	—	2.40%	—	—	—	—	—
	-20.50%	-12.80%	-22.70%	13.30%	28.70%	13.40%	8.80%	-1.50%	—	—	—	—
	-82.00%	-16.10%	-2.80%	-44.70%	636.90%	-7.30%	-29.00%	-96.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	37.29	41.05	38.69	36.83	38.11	43.85
	13.24	29.79	16.29	88.77	9.39	8.33
	50.53	70.84	54.98	125.60	47.50	52.18
	28.30	30.39	31.39	28.25	28.71	29.37
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	15.92	16.40	16.79	18.36	19.60	20.37
	0.02	0.02	0.04	0.10	0.10	0.16
	0.00	0.01	0.29	0.54	0.60	0.89
	12.36	13.96	14.27	4.56	5.48	7.95
	22.23	40.45	23.59	97.35	18.79	22.81
	0.00	0.00	0.00	309.65	—	—
	22.23	40.45	23.59	407.00	18.79	22.81
	5.65	3.48	4.00	40.50	4.10	0.62
	16.58	36.97	19.59	366.50	14.69	22.19
	1.48	3.32	1.76	32.90	1.32	1.99
Key metrics
	22.25	40.48	23.92	407.64	19.49	23.86
	59.67%	98.60%	61.80%	1,106.80%	51.10%	54.40%
	44.46%	90.10%	50.60%	995.10%	38.50%	50.60%
	—	13.20%	8.10%	—	—	—
	-12.36%	6.10%	5.10%	-3.40%	-13.10%	—
	-58.47%	88.70%	-94.70%	2,394.90%	-33.80%	—
	—	4.78	12.80	—	—	—
	—	0.13	0.65	—	—	—
	—	0.00	0.00	—	—	—
	—	-258.15	-246.08	—	—	—
	—	-5.1	-0.3	—	—	—
Balance sheet
	—	335.84	324.65	—	—	—
	—	264.44	254.40	—	—	—
	—	258.15	246.08	—	—	—
	—	3.30	5.56	—	—	—
	—	0.00	0.00	—	—	—
	—	1.04	1.02	—	—	—
	—	0.01	0.04	—	—	—
	—	3.87	5.60	—	—	—
	—	29.96	33.76	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	304.59	289.76	—	—	—
Cash flow
	—	4.78	12.80	—	—	—
	—	29.59	13.53	—	—	—
	—	-22.30	-44.81	—	—	—
	—	0.00	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +2.51%
Sales CAGR 5Y: —
Profit CAGR 3Y: +36.02%
Profit CAGR 5Y: —
Sales YoY (TTM): -12.36%
Profit YoY (TTM): -58.47%

Consolidated

Sales CAGR 3Y: +5.17%
Sales CAGR 5Y: —
Profit CAGR 3Y: +9.81%
Profit CAGR 5Y: —
Sales YoY (TTM): +3.91%
Profit YoY (TTM): +0.96%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Quarter	September 2026	June 2026
Promoter %	75.00%	75.00%

Holder	Type	Holding	Previous	Change
XCHANGING (MAURITIUS) LIMITED	Promoter	52.07%	52.07%	0.00%
XCHANGING TECHNOLOGY SERVICES INDIA PVT LTD	Promoter	19.16%	19.16%	0.00%
DXC TECHNOLOGY INDIA PRIVATE LIMITED	Promoter	3.77%	3.77%	0.00%
DXC Lux 5 S.a.r.l.	Promoter Group	0.00%	0.00%	0.00%
Computer Sciences Corporation, USA	Promoter Group	0.00%	0.00%	0.00%
DXC Luxembourg International S.à r.l.	Promoter Group	0.00%	0.00%	0.00%
DXC UK International Limited	Promoter Group	0.00%	0.00%	0.00%
Lux 1 Holding Company, Inc.	Promoter Group	0.00%	0.00%	0.00%
DXC Technology Company	Promoter Group	0.00%	0.00%	0.00%
DXC UK International Operations Limited	Promoter Group	0.00%	0.00%	0.00%
DXC US International Inc.	Promoter Group	0.00%	0.00%	0.00%
IBA Health Middle East LLC	Promoter Group	0.00%	0.00%	0.00%
Xchanging B.V.	Promoter Group	0.00%	0.00%	0.00%
DXC Luxembourg Holding S.à r.l.	Promoter Group	0.00%	0.00%	0.00%
DXC UK International Holdings Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Tata Consultancy Services Ltd.	8,81,004	2,435.00	16.99	54.90%	+9.92% TTM	+4.37% TTM	-18.56%
Infosys Ltd	4,57,410	1,127.10	14.86	39.00%	+11.73% TTM	+9.34% TTM	-23.22%
HCL Technologies Ltd	3,81,270	1,405.00	20.80	27.20%	+12.76% TTM	+7.93% TTM	-8.09%
Wipro Ltd.	1,91,922	193.75	14.51	18.60%	+8.22% TTM	-2.44% TTM	-18.61%
Tech Mahindra Limited	1,74,643	1,781.70	31.35	19.80%	+13.60% TTM	+24.88% TTM	+26.47%
LTM LIMITED	1,24,174	4,186.00	23.90	25.80%	+14.67% TTM	+7.10% TTM	-25.47%
Persistent Systems Limited	99,915	6,025.00	55.41	29.40%	+27.10% TTM	+8.29% TTM	+2.88%
COFORGE LIMITED	91,044	2,055.00	43.36	18.70%	+41.21% TTM	+56.10% TTM	+16.26%
Mphasis Limited	47,635	2,494.65	24.93	23.00%	+13.69% TTM	+9.84% TTM	-9.81%
Hexaware Technologies Limited	30,618	501.10	21.83	—	+13.45% TTM	+0.39% TTM	-27.90%
Tata Elxsi Ltd S	23,210	3,725.10	34.63	26.20%	+10.01% TTM	-0.07% TTM	-30.72%
Fractal Analytics Limited	14,551	835.75	39.49	12.50%	—	—	—
KPIT Technologies Ltd	14,310	522.00	26.83	22.10%	+9.16% TTM	-30.96% TTM	-54.81%
IDream Film Infrastructure Company Limited	12,831	467.35	9,786.82	2.10%	—	+690.91% TTM	+164.86%
Zensar Technologies Ltd.	12,138	532.95	15.46	21.00%	+8.81% TTM	+11.99% TTM	-27.59%
RateGain Travel Technologies Limited	9,406	793.55	38.81	9.80%	+114.36% TTM	+15.14% TTM	+15.83%
ASM Technologies Ltd. S	9,154	6,275.30	—	22.70%	+133.51% TTM	+117.67% TTM	+63.73%
BIRLASOFT LIMITED	8,925	319.00	14.47	18.60%	+3.75% TTM	+33.56% TTM	-14.02%
INTELLECT DESIGN ARENA LIMITED	7,446	530.10	21.08	13.60%	+16.99% TTM	-12.31% TTM	-55.75%
Sonata Software Ltd.	6,367	227.05	13.75	27.60%	+3.97% TTM	+8.12% TTM	-39.25%
Newgen Software Technologies Limited	6,295	441.75	19.75	20.80%	+6.49% TTM	-3.04% TTM	-54.57%
Happiest Minds Technologies Limited	4,754	312.20	20.56	17.20%	+12.13% TTM	+18.44% TTM	-38.39%
Mastek Limited	4,476	1,443.50	10.51	16.60%	+5.99% TTM	+16.64% TTM	-32.51%
63 Moons Technologies Limited	4,263	925.15	-45.07	-1.00%	+490.54% TTM	-119.65% TTM	+16.75%
Latent View Analytics Limited	4,030	194.60	20.01	14.70%	+20.34% TTM	+5.91% TTM	-58.20%
Xchanging Solutions Limited	646	57.96	10.81	18.10%	+3.91% TTM	+0.96% TTM	-37.29%

Filings & corporate actions

Recent announcements

Newspaper Publication related to special window for re-lodgment of transfer request31 Oct 2026 · Company Update / Newspaper Publication
Newspaper Publication of financial results31 Oct 2026 · Company Update / Newspaper Publication
Appointment of a Company Secretary30 Oct 2026 · Company Update / Change in Management
Appointment of a Company Secretary30 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Outcome of the Board Meeting30 Oct 2026 · Result / Financial Results
Outcome of the Board Meeting30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Xchanging Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Un-Audited (Standalone ....23 Oct 2026 · Board Meeting / Board Meeting
Intimation enclosed.23 Oct 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window attached24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer Report16 Sep 2026 · AGM/EGM / AGM
Summary of proceedings of 25th Annual General Meeting15 Sep 2026 · AGM/EGM / AGM
Newspaper Publication attached22 Aug 2026 · Company Update / Newspaper Publication
Attached.21 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Attached.21 Aug 2026 · Company Update / General
Attached.21 Aug 2026 · Others / Reg. 34 (1) Annual Report
Annual Report including AGM notice Attached.21 Aug 2026 · AGM/EGM / AGM
Newspaper Advertisement attached.18 Aug 2026 · Company Update / Newspaper Publication
TDS communication to shareholders attached15 Aug 2026 · Company Update / General
Newspaper Publication14 Aug 2026 · Company Update / Newspaper Publication
Financial Results13 Aug 2026 · Result / Financial Results
Outcome of Board Meeting13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Xchanging Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Un-Audited (Standalone ....30 Jul 2026 · Board Meeting / Board Meeting
Intimation of change in Registered Office of the Company.30 Jul 2026 · Company Update / Change in Registered Office Address
Certificate under Reg.74(5) of SEBI (DP) Regulations,201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of trading window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication5 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication22 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report21 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Appointment of Statutory Auditor21 May 2026 · Company Update / General
Re-appointment of Whole Time Director21 May 2026 · Company Update / Change in Management
Record Date21 May 2026 · Corp. Action / Record Date
Dividend Updates21 May 2026 · Corp Action / Dividend Updates
Results21 May 2026 · Result / Financial Results
Outcome21 May 2026 · Board Meeting / Outcome of Board Meeting
Xchanging Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve Financial Results for the ....14 May 2026 · Board Meeting / Board Meeting
Scrutinizer''s Report3 May 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot3 May 2026 · AGM/EGM / Postal Ballot
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 201810 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Update on Pending Litigation8 Apr 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	14 Aug 2026	14 Aug 2026	—
Final Dividend - Rs. - 2.0000	11 Jul 2025	11 Jul 2025	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results