Financials Xchanging Solutions Limited

Equities

XCHANGING

INE692G01013

IT Services & Consulting

Market Closed - Bombay S.E. 06:00:50 2024-04-26 am EDT 5-day change 1st Jan Change
122.6 INR 0.00% Intraday chart for Xchanging Solutions Limited +1.62% +13.61%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 6,406 4,935 3,520 7,208 9,024 5,931
Enterprise Value (EV) 1 4,455 2,355 284.7 3,323 4,642 795.9
P/E ratio 20.2 x 10.6 x 6.44 x 11.6 x 17.2 x 13.2 x
Yield - - - - - -
Capitalization / Revenue 3.45 x 2.68 x 1.93 x 3.68 x 5.18 x 3.4 x
EV / Revenue 2.4 x 1.28 x 0.16 x 1.7 x 2.66 x 0.46 x
EV / EBITDA 17 x 5.51 x 0.61 x 6 x 8.75 x 1.62 x
EV / FCF 32.9 x 6.95 x 1.64 x 5.55 x 38.1 x 1.86 x
FCF Yield 3.04% 14.4% 61.1% 18% 2.62% 53.8%
Price to Book 1.67 x 1.14 x 0.71 x 1.3 x 1.47 x 0.88 x
Nbr of stocks (in thousands) 111,404 111,404 111,404 111,404 111,404 111,404
Reference price 2 57.50 44.30 31.60 64.70 81.00 53.24
Announcement Date 9/26/18 7/16/19 8/29/20 9/1/21 7/8/22 8/1/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,859 1,841 1,823 1,957 1,743 1,744
EBITDA 1 261.4 427.1 470.2 553.5 530.5 491.8
EBIT 1 251 423.1 467.4 551.2 527.5 490
Operating Margin 13.5% 22.98% 25.64% 28.16% 30.27% 28.09%
Earnings before Tax (EBT) 1 406.1 568 592.9 696.7 608.7 596
Net income 1 316.4 467.1 547 624.4 525.7 449
Net margin 17.02% 25.37% 30.01% 31.9% 30.17% 25.74%
EPS 2 2.840 4.190 4.910 5.600 4.719 4.030
Free Cash Flow 1 135.4 339 173.9 598.9 121.8 428.4
FCF margin 7.28% 18.41% 9.54% 30.6% 6.99% 24.56%
FCF Conversion (EBITDA) 51.81% 79.37% 36.99% 108.2% 22.96% 87.11%
FCF Conversion (Net income) 42.8% 72.57% 31.79% 95.91% 23.17% 95.42%
Dividend per Share - - - - - -
Announcement Date 9/26/18 7/16/19 8/29/20 9/1/21 7/8/22 8/1/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,951 2,580 3,236 3,885 4,381 5,135
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 135 339 174 599 122 428
ROE (net income / shareholders' equity) 8.63% 11.4% 11.8% 11.9% 8.99% 6.96%
ROA (Net income/ Total Assets) 3.41% 5.39% 5.38% 5.75% 5.08% 4.31%
Assets 1 9,275 8,667 10,170 10,857 10,350 10,406
Book Value Per Share 2 34.40 38.90 44.50 49.90 55.10 60.70
Cash Flow per Share 2 6.600 23.10 29.30 35.10 39.50 46.20
Capex 1 1.2 2.8 4 5.6 0.9 -
Capex / Sales 0.06% 0.15% 0.22% 0.29% 0.05% -
Announcement Date 9/26/18 7/16/19 8/29/20 9/1/21 7/8/22 8/1/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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