Xchanging Peer Comparison

NSE: XCHANGING | BSE: 532616

₹60.32

₹-0.99 (-1.61%)

As on 22-Sep-2026IST

Market cap

₹672 Cr

Revenue (TTM)

₹207 Cr

P/E Ratio

11.1

P/B Ratio

1.6

Div. Yield

3.3 %

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	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Market cap (₹ Cr)	672	30,083	29,059	18,055	14,255
Revenue (₹ Cr)	207	4,703	5,926	4,335	1,759
Net Profit (₹ Cr)	60.80	551.10	528.31	729.16	264.78
Net Margin (%)	27.65	11.28	8.70	16.42	9.02
RoE (%)	15.94	12.95	15.62	28.11	-5.80
Price to Earnings	11.05	54.59	52.17	24.77	--
Price-To-Book	1.63	6.55	7.12	6.85	4.13

Income Statement (₹ Cr)

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Operating Revenue	206.57	4,703.20	5,925.91	4,334.83	1,758.98
Total Income	219.93	4,886.80	6,073.81	4,439.76	2,934.25
Total Expenditure	136.42	4,066.70	5,005.66	3,238.69	1,532.74
EBITDA	70.15	636.50	920.25	1,096.14	226.24
Depreciation	0.00	53.80	160.34	188.07	213.75
EBIT	70.15	582.70	759.91	908.07	12.49
Interest	5.18	10.00	44.96	47.32	20.90
Other Income	13.36	183.60	147.90	104.93	1,175.27
Exceptional Items	0.00	-12.30	-107.73	0.00	-915.79
Profit before Tax	78.33	744.00	755.12	965.68	251.07
Provision for Tax	17.53	192.90	226.81	236.52	-13.71
Profit after Tax	60.80	551.10	528.31	729.16	264.78

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Shareholder's Funds	396.06	4,462.70	3,923.37	2,561.40	3,473.49
Minority Interest	0.00	0.00	0.00	-0.29	-0.61
Non-Current Liabilities	57.26	118.60	1,239.42	426.00	214.06
Current Liabilities	69.50	1,647.70	3,790.67	706.78	605.42
Total Liabilities	652.15	8,292.30	8,860.15	3,690.64	4,342.42

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Non-Current Assets	158.42	212.50	2,358.84	847.19	2,995.80
Current Assets	345.74	5,796.00	5,807.68	2,406.32	1,238.39
Total Assets	652.15	8,292.30	8,860.15	3,690.64	4,342.42
Total Debt*	71.11	0.00	665.56	0.00	111.51
Net Current Assets	276.24	4,148.30	2,017.01	1,699.55	632.97
Contingent Liabilities	81.05	71.40	40.68	32.35	286.71

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Cash From Operating Activities	41.15	492.60	775.70	873.47	148.63
Cash Flow from Investing Activities	12.90	-2,963.70	-870.92	-140.82	-542.48
Cash from Financing Activities	-49.68	-116.10	15.63	-621.57	360.88
Net Cash Inflow / Outflow	4.37	-2,587.20	-79.59	111.08	-32.97

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
ROCE (%)	18.02	17.04	19.56	40.23	2.10
ROE (%)	15.94	12.95	15.62	28.11	-5.80
ROA (%)	11.84	9.31	6.77	21.31	6.01
EBIT Margin (%)	33.96	12.39	12.82	20.95	0.71
Net Margin (%)	27.65	11.28	8.70	16.42	9.02
Cash Profit Margin (%)	29.30	0.00	0.00	0.00	0.00

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Revenue Growth (%)	8.25	6.59	15.21	23.20	-6.07
EBIT Growth (%)	19.75	12.64	-2.61	26.23	190.25
Net Profit Growth (%)	15.33	7.70	-21.89	27.75	133.78
EPS Growth (%)	15.33	9.47	-14.68	-2.94	-137.50
Book Value Growth (%)	10.42	10.47	9.68	10.18	21.26

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Price / Earnings	11.05	53.70	49.66	16.50	-68.90
Price / Book Value	1.63	6.55	7.12	6.85	4.13
Dividend Yield (%)	3.32	0.32	1.63	0.05	0.00
EV/EBITDA	6.15	41.28	30.66	15.52	60.26
Market Cap (₹ Cr)	531.83	23,185.24	20,683.88	12,772.25	8,608.64

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Debt to Equity	0.12	0.00	0.15	0.00	0.01
Short term debt to equity ratio	--	--	0.02	--	0.02
Current Ratio	4.97	3.52	1.53	3.40	2.05
Quick Ratio	4.97	3.39	1.53	3.40	2.04
Interest Coverage	16.12	75.40	17.80	21.41	13.01

	Xchanging	Honeywell Automat	Tata Technologies	eClerx Services	Nazara Tech
Debtors to sales (%)	8.02	24.68	20.03	23.40	21.39
Asset Turnover	0.40	0.79	0.76	1.27	0.40
Receivable days	25.92	89.19	72.67	79.98	95.01
Inventory Days	0.00	17.70	0.00	0.04	0.59
Payable days	--	125.42	199.65	--	6,054.56
Cash Conversion Cycle	--	-18.52	-126.98	--	-5,958.95

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.