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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Xchanging Solutions Limited is an India-based information technology (IT) services provider with operations in India, as well as internationally through its subsidiaries in the United States and Singapore. The Company operates through a single segment, namely, Information…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, slow-growing business, trading cheap versus its own history.
Xchanging Solutions is scored on the it / services framework. It keeps a fat 27.5% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.69×) — worth a closer look. It throws off free cash worth 8.0% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 5%/yr and profit at 10%/yr. Net worth has actually shrunk (-16%/yr) — value is not being built. Return on equity is a healthy 14.4%. In the latest quarter profit grew 0% versus the prior quarter.
At 11× earnings, the stock sits at the 3rd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~1%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 11.28 | — | — |
| P/B | 1.62 | 7.91 | better |
| EV/EBITDA | 4.55 | — | — |
| ROE | 14.41 | 5.95 | better |
| ROCE | 18.44 | 66.62 | worse |
| ROA | 11.71 | — | — |
| Quick Ratio | 4.97 | 11.28 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| TCS | 17.4 | 7.6 | 43.4% |
| Infosys | 15.6 | 5.1 | 31.0% |
| HCL Technologies | 21.3 | 5.1 | 24.1% |
Revenue has grown every year across all 4 financial years shown. 5% CAGR — growing but slowly.
Profit is growing faster than revenue (10% vs 5%) — margin expansion is at work.
Operating margin has expanded from 32% to 35% — the business is keeping more of each rupee earned.
ROE at 15% — a respectable return on shareholder capital. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 8pp across the window.
10% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (9% spread) — a predictable, non-seasonal revenue stream.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.