Xchanging Sol.

Market Cap: Micro Cap
Industry: BPO/ITeS
ISIN: INE692G01013
NSEID: XCHANGING
BSEID: 532616

INR

87.19

1.65 (1.93%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 86.88 k

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Firstsour.Solu.

IRIS Business

Technvision Ven.

Intrasoft Tech.

eClerx Services

Alldigi Tech

Xchanging Sol.

Hinduja Global

Spectrum Talent

Enser

Visesh Infotec.

Why is Xchanging Solutions Ltd ?

Poor long term growth as Net Sales has grown by an annual rate of -0.73% and Operating profit at -1.01% over the last 5 years

Stock is technically in a Bearish range

The technical trend has deteriorated from Mildly Bearish on 01-Feb-25 and has generated -19.7% returns since then
Multiple factors for the stock are Bearish like MACD, Bollinger Band and KST

Despite the size of the company, domestic mutual funds hold only 0% of the company

Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business

Below par performance in long term as well as near term

Along with generating -32.00% returns in the last 1 year, the stock has also underperformed BSE 500 in the last 3 years, 1 year and 3 months

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in BPO/ITeS)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Xchanging Sol. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

Xchanging Sol.

-31.91%

-0.87

36.90%

SENSEX

0.45%

0.03

14.48%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

-0.73%

EBIT Growth (5y)

-1.01%

EBIT to Interest (avg)

42.85

Debt to EBITDA (avg)

0.50

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.33

Tax Ratio

21.15%

Dividend Payout Ratio

1,544.96%

Pledged Shares

Institutional Holding

0.37%

ROCE (avg)

30.39%

ROE (avg)

8.38%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.88

EV to EBIT

16.88

EV to EBITDA

16.73

EV to Capital Employed

5.44

EV to Sales

4.27

PEG Ratio

0.07

Dividend Yield

4.68%

ROCE (Latest)

30.12%

ROE (Latest)

8.86%

Loading Valuation Snapshot...

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Mildly Bearish

Dow Theory

Mildly Bearish

OBV

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

19What is working for the Company

NET SALES(Q)

Highest at Rs 45.64 cr

PBDIT(Q)

Highest at Rs 14.17 cr.

OPERATING PROFIT TO NET SALES(Q)

Highest at 31.05%

PBT LESS OI(Q)

Highest at Rs 12.51 cr.

PAT(Q)

Highest at Rs 14.48 cr.

EPS(Q)

Highest at Rs 1.30

-6What is not working for the Company

INTEREST(9M)

At Rs 4.86 cr has Grown at 162.70%

CASH AND CASH EQUIVALENTS(HY)

Lowest at Rs 296.08 cr

DEBT-EQUITY RATIO(HY)

Highest at 0.32 times

Loading Valuation Snapshot...

Here's what is working for Xchanging Sol.

Profit After Tax (PAT) - Quarterly

At Rs 14.48 cr has Grown at 97.7% (vs previous 4Q average)

over average PAT of the previous four quarters of Rs 7.32 Cr

MOJO Watch

Near term PAT trend is very positive

PAT (Rs Cr)

Net Sales - Quarterly

Highest at Rs 45.64 cr

in the last five quarters

MOJO Watch

Near term sales trend is positive

Net Sales (Rs Cr)

Operating Profit (PBDIT) - Quarterly

Highest at Rs 14.17 cr.

in the last five quarters

MOJO Watch

Near term Operating Profit trend is positive

Operating Profit (Rs Cr)

Operating Profit Margin - Quarterly

Highest at 31.05%

in the last five quarters

MOJO Watch

Company's efficiency has improved

Operating Profit to Sales

Profit Before Tax less Other Income (PBT) - Quarterly

Highest at Rs 12.51 cr.

in the last five quarters

MOJO Watch

Near term PBT trend is positive

PBT less Other Income (Rs Cr)

Profit Before Tax less Other Income (PBT) - Quarterly

At Rs 12.51 cr has Grown at 34.7% (vs previous 4Q average)

over average PBT of the previous four quarters of Rs 9.29 Cr

MOJO Watch

Near term PBT trend is positive

PBT less Other Income (Rs Cr)

Profit After Tax (PAT) - Quarterly

Highest at Rs 14.48 cr.

in the last five quarters

MOJO Watch

Near term PAT trend is positive

PAT (Rs Cr)

Earnings per Share (EPS) - Quarterly

Highest at Rs 1.30

in the last five quarters

MOJO Watch

Increasing profitability; company has created higher earnings for shareholders

EPS (Rs)

Here's what is not working for Xchanging Sol.

Interest - Nine Monthly

At Rs 4.86 cr has Grown at 162.70%

over preceding nine months period

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (Rs cr)

Cash and Cash Equivalents - Half Yearly

Lowest at Rs 296.08 cr

in the last six half yearly periods

MOJO Watch

Short Term liquidity is deteriorating

Cash and Cash Equivalents

Debt-Equity Ratio - Half Yearly

Highest at 0.32 times

in the last five half yearly periods

MOJO Watch

The company is borrowing more to fund its operations; it's liquidity situation may be stressed

Debt-Equity Ratio