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NSE: XCHANGING | BSE: 532616

₹61.58

up-down-arrow ₹0.29 (0.47%)

As on 28-Aug-2026 14:29IST

Market cap

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₹681 Cr

Revenue (TTM)

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₹207 Cr

P/E Ratio

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11.2

P/B Ratio

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1.7

Div. Yield

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3.3 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue 4.56 7.30 8.25 5.74 1.77
EBIT -5.66 10.03 19.75 13.35 6.00
Net Profit -6.90 9.80 15.33 42.59 2.19
EPS -6.89 9.81 15.33 42.59 2.19
Book Value -- -- 10.42 -16.33 -6.55
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-26Mar-25
EBIT-Margin info 29.6029.4033.9633.7628.53
Net Margin info 19.6622.4027.6527.4624.56
Return on equity info 10.789.6615.9415.7513.92
Return on Capital info 15.1613.04--18.0215.46
Return on Assets info 6.466.5511.849.418.05
Debt to Equity (x) info ----0.120.180.24

Profitability

View Detailed Peer Comparison

ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
18.02
15.46
12.00
9.26
Peer Median
--
20.58
22.05
29.68
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

15.94

Lower than Peers by 3.01

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
15.94
15.75
13.92
2.66
6.96
Peer Median
18.94
14.62
19.97
23.48
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

11.84

Lower than Peers by 0.44

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
11.84
9.41
8.05
1.92
5.85
Peer Median
12.28
10.44
11.62
13.53
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

33.96

Higher than Peers by 17.34

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
33.96
33.76
28.53
26.50
28.09
Peer Median
16.61
15.75
16.09
16.30
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

27.65

Higher than Peers by 14.36

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
27.65
27.46
24.56
6.98
24.25
Peer Median
13.29
11.33
12.79
13.87
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
29.30
26.97
8.16
26.09
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

8.25

Lower than Peers by 3.10

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
8.25
9.75
6.01
--
0.09
Peer Median
11.35
15.21
14.92
7.66
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

19.75

Higher than Peers by 11.36

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
19.75
29.85
14.15
-5.67
-6.60
Peer Median
8.39
23.28
7.18
7.59
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

15.33

Higher than Peers by 6.39

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
15.33
19.91
261.90
-69.49
-14.59
Peer Median
8.94
11.08
1.14
11.84
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

15.33

Higher than Peers by 8.55

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
15.33
19.91
261.90
-69.49
-14.59
Peer Median
6.77
9.47
0.58
8.05
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

--

--

Year on year growth in book value per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
10.42
1.34
-47.66
10.23
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

0.12

--

Total debt / Net worth

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
0.12
0.18
0.24
0.29
--
Peer Median
--
0.00
0.00
0.01
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

4.97

Higher than Peers by 2.54

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
4.97
2.67
2.49
2.87
5.36
Peer Median
2.43
2.22
2.22
2.58
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

4.97

Higher than Peers by 2.55

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
4.97
2.67
2.49
2.87
5.36
Peer Median
2.43
2.05
2.30
2.69
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

16.12

Lower than Peers by 12.37

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
16.12
15.20
10.97
36.39
597.00
Peer Median
28.49
22.24
20.90
30.59
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

8.02

Lower than Peers by 14.40

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
8.02
8.17
6.63
6.56
4.32
Peer Median
22.42
22.40
21.29
20.69
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

0.40

Lower than Peers by 0.47

Sales / Average Total Assets

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
0.40
0.32
0.30
0.24
0.23
Peer Median
0.87
0.99
0.95
0.96
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
25.92
23.38
19.86
23.35
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

11.20

Lower than Peers by 17.22

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
11.20
8.95
19.30
92.05
13.21
Peer Median
28.42
29.15
31.33
35.28
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

1.66

Lower than Peers by 2.88

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
1.66
1.34
2.67
3.56
0.88
Peer Median
4.53
5.55
5.07
6.21
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

3.25

Higher than Peers by 2.77

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
3.25
4.19
4.66
30.04
--
Peer Median
0.48
0.34
0.39
0.25
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

5.27

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
5.27
3.55
10.59
15.41
1.30
Peer Median
--
20.70
21.27
25.17
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

681

Lower than Peers by 12,926

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
681
532
957
1,261
593
Peer Median
13,607
12,708
10,363
10,709
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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