IP
IndiaPulse

XCHANGING

Small Cap

Xchanging Solutions Limited

IT

Xchanging Solutions Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹64.98
+0.50 · +0.78%
Quote09 Jun, 10:02 am
Fundamentals08 Jun 2026 · screener
Score08 Jun, 11:00 pm · v4.2-nightly
Tags02 May 2026
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Mixed fundamentals, management trust is supportive, price trend argues for patience, and recent execution is mixed.

Suggested next step
Research, do not rush
The four lenses are not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
FAIR VALUE
55

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
81

low confidence · 0/0 claims checked

Technical
Neutral
44

Timing lens: price trend and sector relative strength.

Result consistency
stable
67

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Bad · 10/100

Rev 0% YoY · PAT +7% YoY · margin expansion · operating leverage

Filed 21 May 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹51 Cr+0.0%+4.1%
EBITDA₹19 Cr+11.8%+18.8%
Operating margin37.0%+300 bps+400 bps
PAT₹16 Cr+6.7%+23.1%
PAT margin31.4%+196 bps+484 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business and thesis

Issuer presentation review pending

Xchanging Solutions Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Technical timing lens

Trend score and candlestick chart

44Neutral

SMA20 -8.1% / mo

Stock trend: 42
Sector RS: 48
Sector 3M: -0.2% vs Nifty +0.1%

Technical chart

XCHANGINGdaily · 3Y-25.9%
Latest close ₹64.98 on 2026-06-09
Bar
-0.2%
RSI
47
MACD hist
-0.33
52W pos
41%
Hover for OHLC, volume, and indicators. Use range buttons above the chart to zoom.
₹45₹57₹69₹81₹9252H52L2025-122026-03Vol2025-112026-012026-022026-042026-06
Up bar
Down bar
Volume
Result date
SMA 50
RSI(14)

Technical trend read

Bearish setup

Trend is weak — long-term trend unclear. RSI 47.

  • SMA20 falling (~1.3% over last month) — short-term momentum negative.
  • RSI(14) at 47 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 28% off 52W high · 37% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Deep research

Valuation, score drivers, trust methodology, financials, and peers

Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.

55U-SCORE
Financial Turnaround

Fundamental score breakdown

FAIR VALUE
Valuation14/30
Growth4/25
Quality10/20
Balance Sheet14/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
55

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

55/100 · FAIR VALUE

Positive drivers

  • FCF yield is supportive at 7.5%.
  • Piotroski is strong at 8/9.
  • Balance sheet contributes 14/15 to the score.

Main drags

  • Fair-value margin of safety is negative at -67.2%.
  • Growth is weaker at 4/25; verify the latest quarterly trend.
  • Valuation is weaker at 14/30; verify the latest quarterly trend.
Sector valuation model

IT valuation: PE and EV/EBITDA against growth and margins

Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.

IT PE/EVEBITDA
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
12.1
PB
1.8
EV/EBITDA
11.4
ROE
15.8%
ROCE
18.0%
FCF Yield
7.5%
Debt/Equity
0.2
MoS
-67.2%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 08 Jun 2026
v4.2-nightly
Final score
55
Previous: 55
Verdict
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-67.2%
Previous: -67.2%

Score history

12 stored score snapshots. Latest stored move: +0 points.

08 Jun 2026
v4.2-nightly
54
54
54
54
53
54
55
55
55
55
55
55

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Trust Score
81Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 90th percentile within IT. No major sub-score weakness stands out.

High Trust Lite: Promoter holding is 75%.

Computed 22 May 2026
trust-lite-v1
0 docs indexed · 0 concall links
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
93rd percentile

overall median 67 · IT: 90th pctile, median 68 · Small: 96th pctile, median 65

Evidence depth
Financial-only

0 documents indexed, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
67
acceptable · quarterly consistency

Trust positives

  • Promoter holding is 75%.
  • Promoter pledge is zero.
  • FCF yield is 8.4%.
  • 11 years of positive FCF.

Trust risks

  • No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Intrinsic value

Graham Number
₹65.4
+0.6% MoS
DCF Fair PE
7.3
DCF Fair Value
₹38.88
-67.2% MoS
PEG

Fundamentals

Valuation

P/E
12.10
P/B
1.81
EV/EBITDA
11.43
Market Cap
718.00Cr

Profitability

ROE
15.80%
ROCE
18.00%
ROA
11.28%
Dividend Y
3.10%

Growth (CAGR)

Revenue 5Y
1.00%
EPS 5Y
-1.00%
Revenue 3Y
5.00%
EPS 3Y
10.00%

Balance Sheet

Debt/Equity
0.18
Interest Coverage
13.80×
Altman Z
5.25
Book Value
35.60

Cash Flow

FCF Yield
7.52%
FCF Positive Y
12/5
OCF
41.00 Cr
EPS TTM
5.34

Shareholding

Promoter Hold
75.00%
Promoter Pledge
0.00%
Momentum 52W
30%

Financial History

Updated 9/6/2026

Revenue

₹ Cr
Latest: 24.4-21.3% vs prev
030.9Mar 2026: 25.8Mar 2025: 27.8Mar 2024: 24.1Mar 2023: 30.9Mar 2022: 24.4FY26FY25FY24FY23FY22

Net Profit

₹ Cr
No data

Return on Equity

%
No data
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.