GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
X

Xchanging Solutions XCHANGING.NS · INR

Information Technology · NSE · 🇮🇳 India

Compare

60.35

-0.58%

Close of 9 Nov 2026, in INR

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2025

Revenue

₹1.85bn

FY2015FY2025

Net income

₹495.8m

FY2015FY2025

Free cash flow

₹467.5m

FY2015FY2025

Shareholders' equity

—

FY2015FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2015
Revenue₹1.85bn₹1.74bn₹1.74bn₹1.74bn₹1.96bn₹1.82bn₹1.84bn₹1.86bn₹3.07bn₹2.79bn
Gross profit₹1.29bn₹1.14bn₹1.20bn₹1.21bn₹1.38bn₹1.37bn₹1.45bn₹1.53bn₹2.68bn₹2.53bn
Operating income₹527.6m₹465.7m₹490.0m₹528.0m₹551.0m₹467.0m₹423.0m₹324.0m₹106.0m₹236.0m
Net income₹495.8m₹137.0m₹449.0m₹526.0m₹624.0m₹547.0m₹467.0m₹316.0m₹183.0m₹292.0m
Diluted earnings per share4.451.234.034.725.624.914.192.841.642.62

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2015
Total assets——₹7.43bn₹6.73bn₹6.25bn₹5.73bn₹5.13bn₹4.68bn₹4.52bn₹4.12bn
Cash and short-term investments——₹5.15bn₹4.40bn₹3.91bn₹3.26bn₹2.58bn₹1.99bn₹1.52bn₹1.07bn
Total liabilities——₹669.4m₹597.0m₹693.0m₹769.0m₹801.0m₹844.0m₹1.02bn₹793.0m
Debt——₹13.4m₹17.0m₹27.0m₹23.0m—₹1.0m₹8.0m₹14.0m
Shareholders' equity——₹6.76bn₹6.13bn₹5.56bn₹4.96bn₹4.33bn₹3.84bn₹3.50bn₹3.33bn
Shares outstanding111m111m111m111m111m111m111m111m111m111m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2015
Cash from operations₹467.5m−₹120.6m₹420.3m₹349.7m₹619.8m₹457.4m₹481.4m₹362.3m₹376.3m₹277.7m
Capital spending—−₹200,000—−₹900,000−₹5.6m−₹4.0m−₹2.8m−₹1.2m−₹11.0m−₹21.6m
Free cash flow₹467.5m−₹120.8m₹420.3m₹348.8m₹614.2m₹453.4m₹478.6m₹361.1m₹365.3m₹256.1m
Dividends paid−₹445.6m−₹3.34bn————————

Latest quarters

By quarter end

Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024
Revenue₹488.2m₹528.1m₹499.9m₹507.4m₹456.4m₹444.6m₹440.6m₹444.6m
Gross profit₹342.0m₹367.6m₹352.3m₹369.2m₹329.5m₹302.3m₹292.6m₹274.2m
Operating income₹160.8m₹170.1m₹163.5m₹173.3m₹141.3m₹107.7m₹105.3m₹97.4m
Net income₹131.8m₹162.6m₹137.7m₹146.5m₹144.8m₹98.2m₹106.3m₹123.8m
Diluted earnings per share1.181.461.241.311.300.880.951.07
Cash from operations—₹177.0m—₹211.0m—₹255.0m—−₹192.0m
Total assets—₹5.13bn—₹5.04bn—₹5.02bn—₹5.23bn
Cash and short-term investments—₹3.21bn—₹3.15bn—₹3.11bn—₹3.22bn
Debt—₹665.9m—₹641.0m—₹1.05bn—₹1.05bn
Shareholders' equity—₹3.67bn—₹3.59bn—₹3.31bn—₹3.54bn

Financial ratios

Data as of 12 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin40.2%35.1%29.6%63.8%64.4%31.8%———
Operating margin40.5%28.5%39.0%34.2%35.0%35.7%———
Net margin29.3%26.8%7.9%25.7%30.2%31.9%———
Return on equity15.0%13.8%3.9%6.6%8.6%11.2%———
Return on assets11.4%9.8%2.6%6.0%7.8%10.0%———
Free cash flow yield——-1.8%—5.1%9.1%6.8%7.1%4.8%
Revenue growth9.7%6.0%0.0%0.1%-11.0%7.4%———
Earnings growth19.9%261.9%-69.5%-14.6%-15.8%14.1%———
Current ratio4.97x4.57x6.09x9.94x8.39x6.62x———
Debt to equity0.18x0.24x0.30x0.00x0.00x0.00x———
Equity ratio75.8%71.1%67.7%91.0%91.1%88.9%———
Interest coverage15.20x8.30x36.77x597.00x381.44x268.96x———
Buybacks as a share of market value0.0%-0.0%-0.7%0.9%0.1%-0.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.0%0.3%-4.3%
Operating income-0.0%2.5%—
Net income-2.0%-1.9%7.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin67.6%68.3%69.9%—
Operating margin27.6%28.4%27.9%17.5%
Net margin17.6%22.7%25.6%18.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2015
Price to earnings18.290.426.714.219.417.613.316.037.321.8
Price to sales4.97.16.94.36.25.33.42.72.22.3

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 11 Jul 2025.

FY2026FY2025FY2024
Paid in the year2.002.0030.00

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.