Xchanging Peer Comparison

NSE: XCHANGING | BSE: 532616

₹61.29

₹-0.22 (-0.36%)

As on 27-Aug-2026IST

Market cap

₹686 Cr

Revenue (TTM)

₹207 Cr

P/E Ratio

11.3

P/B Ratio

1.7

Div. Yield

3.2 %

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	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Market cap (₹ Cr)	686	32,494	32,575	18,261	13,607
Revenue (₹ Cr)	207	5,926	4,703	4,335	1,759
Net Profit (₹ Cr)	60.80	528.31	551.10	729.16	264.78
Net Margin (%)	27.65	8.70	11.28	16.42	9.02
RoE (%)	15.94	15.62	12.95	28.11	-5.80
Price to Earnings	11.28	58.33	59.11	25.05	--
Price-To-Book	1.67	7.96	7.10	6.93	3.94

Income Statement (₹ Cr)

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Operating Revenue	202.92	5,505.57	4,681.90	4,117.03	1,623.91
Total Income	216.51	5,694.75	4,863.90	4,218.33	1,715.44
Total Expenditure	134.40	4,667.25	4,073.50	3,063.82	1,501.23
EBITDA	68.52	838.32	608.40	1,053.20	122.68
Depreciation	0.01	144.95	53.70	175.37	117.69
EBIT	68.51	693.37	554.70	877.84	4.99
Interest	5.40	34.12	15.60	44.02	10.95
Other Income	13.59	189.18	182.00	101.30	91.53
Exceptional Items	--	-107.73	-12.30	--	--
Profit before Tax	76.70	764.72	708.80	935.12	77.87
Provision for Tax	17.25	218.13	183.80	228.66	15.34
Profit after Tax	59.45	546.59	525.00	706.47	62.53

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Shareholder's Funds	396.06	3,923.37	4,462.70	2,561.40	2,863.05
Minority Interest	--	--	--	2.84	374.29
Non-Current Liabilities	90.50	795.17	1,108.00	309.34	243.50
Current Liabilities	165.59	3,790.67	2,609.50	706.78	925.91
Total Liabilities	652.15	8,860.15	8,292.30	3,690.64	4,418.22

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Non-Current Assets	210.32	2,701.53	1,422.40	1,174.03	2,906.54
Current Assets	441.83	5,807.68	6,757.80	2,406.32	1,407.73
Total Assets	652.15	8,860.15	8,292.30	3,690.64	4,418.22
Total Debt*	71.11	665.56	0.00	0.00	141.27
Net Current Assets	276.24	2,017.01	4,148.30	1,699.55	481.82
Contingent Liabilities	81.05	40.68	71.40	32.35	11,886.15

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Cash From Operating Activities	41.15	775.70	492.60	873.47	65.50
Cash Flow from Investing Activities	12.90	-870.92	-2,963.70	-140.82	-1,133.95
Cash from Financing Activities	-49.68	15.63	-116.10	-621.57	804.92
Net Cash Inflow / Outflow	4.37	-79.59	-2,587.20	111.08	-263.53

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
ROCE (%)	18.02	19.56	17.04	40.23	3.54
ROE (%)	15.75	14.62	12.41	30.00	2.57
ROA (%)	9.41	7.37	6.76	21.24	1.74
EBIT Margin (%)	40.46	18.66	16.88	28.04	13.19
Net Margin (%)	27.46	9.60	10.79	16.75	3.65
Cash Profit Margin (%)	29.30	12.56	12.36	21.42	11.10

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Revenue Growth (%)	9.75	6.52	11.75	22.32	42.66
EBIT Growth (%)	17.20	-2.90	2.33	28.87	18.80
Net Profit Growth (%)	19.91	-19.26	0.27	30.52	-30.10
EPS Growth (%)	19.91	-19.33	0.27	33.20	17.09
Book Value Growth (%)	10.42	9.68	10.47	10.18	43.36

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Price / Earnings	8.95	37.84	44.16	18.09	27.37
Price / Book Value	1.34	5.29	5.22	5.17	2.90
Dividend Yield (%)	4.19	2.30	0.42	0.07	0.00
EV/EBITDA	3.55	20.08	24.52	10.42	37.27
Market Cap (₹ Cr)	531.83	20,683.88	23,185.24	12,772.25	8,301.10

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Debt to Equity	0.18	0.17	0.00	0.00	0.05
Short term debt to equity ratio	--	0.02	--	--	0.02
Current Ratio	2.67	1.53	2.59	3.40	1.52
Quick Ratio	2.67	1.53	2.51	3.40	1.52
Interest Coverage	15.20	23.41	46.44	22.24	8.11

	Xchanging	Tata Technologies	Honeywell Automat	eClerx Services	Nazara Tech
Debtors to sales (%)	8.17	21.56	24.80	24.64	35.47
Asset Turnover	0.32	0.74	0.60	1.24	0.45
Receivable days	25.92	72.67	89.19	79.98	95.63
Inventory Days	0.00	0.00	17.70	0.04	0.52
Payable days	--	199.65	125.42	--	3,585.83
Cash Conversion Cycle	--	-126.98	-18.52	--	-3,489.68

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