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NSE: XCHANGING | BSE: 532616

₹58.09

up-down-arrow ₹0.14 (0.24%)

As on 04-Nov-2026IST

Market cap

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₹646 Cr

Revenue (TTM)

info icon

₹207 Cr

P/E Ratio

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10.8

P/B Ratio

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1.6

Div. Yield

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3.5 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue -0.80 0.76 3.91 5.83 2.93
EBIT 2.45 8.35 10.41 15.73 7.25
Net Profit 0.46 -6.58 0.96 37.85 0.48
EPS 0.46 -6.58 0.96 37.85 0.48
Book Value -- -- 10.42 -16.33 -6.55
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-26Mar-25
EBIT-Margin info 29.6029.4034.5833.7628.53
Net Margin info 19.6622.4027.0727.4624.56
Return on equity info 10.789.6614.7415.7513.92
Return on Capital info 15.1613.04--18.0215.46
Return on Assets info 6.466.5511.689.418.05
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
--
19.56
22.05
29.68
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

14.74

Lower than Peers by 5.99

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
14.74
15.75
13.92
2.66
6.96
Peer Median
20.73
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

11.68

Lower than Peers by 1.82

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
11.68
9.41
8.05
1.92
5.85
Peer Median
13.50
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

34.58

Higher than Peers by 18.23

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
34.58
33.76
28.53
26.50
28.09
Peer Median
16.35
15.96
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

27.07

Higher than Peers by 13.89

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

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
27.07
27.46
24.56
6.98
24.25
Peer Median
13.18
10.94
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

3.91

Lower than Peers by 6.80

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
3.91
9.75
6.01
--
0.09
Peer Median
10.71
12.13
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

10.41

Higher than Peers by 2.48

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
10.41
29.85
14.15
-5.67
-6.60
Peer Median
7.93
19.11
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

0.96

Lower than Peers by 7.87

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
0.96
19.91
261.90
-69.49
-14.59
Peer Median
8.84
9.53
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

0.96

Lower than Peers by 6.26

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
0.96
19.91
261.90
-69.49
-14.59
Peer Median
7.22
12.08
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

7.21

Higher than Peers by 4.77

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
7.21
2.67
2.49
2.87
5.36
Peer Median
2.44
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

7.21

Higher than Peers by 4.77

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
7.21
2.67
2.49
2.87
5.36
Peer Median
2.43
2.02
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

17.30

Lower than Peers by 13.66

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
17.30
15.20
10.97
36.39
597.00
Peer Median
30.96
23.41
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

5.77

Lower than Peers by 15.85

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
5.77
8.17
6.63
6.56
4.32
Peer Median
21.63
21.54
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 0.67

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
1.08
1.07
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

10.81

Lower than Peers by 10.00

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
10.81
8.95
19.30
92.05
13.21
Peer Median
20.81
46.53
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

1.56

Lower than Peers by 3.48

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
1.56
1.34
2.67
3.56
0.88
Peer Median
5.04
5.04
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

3.45

Higher than Peers by 2.79

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
3.45
4.19
4.66
30.04
--
Peer Median
0.66
0.37
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

4.60

--

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
4.60
3.55
10.59
15.41
1.30
Peer Median
--
15.85
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

646

Lower than Peers by 16,596

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Xchanging
646
532
957
1,261
593
Peer Median
17,242
14,699
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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