Xchanging Solutions Limited
Xchanging Solutions Limited provides information technology services in India, Europe, the United States, Singapore, and internationally. It provides consulting, data and analytics, and design and engineering; application services, such as application modernization, enterprise application and SaaS, modern applications development, managed applications, testing and digital assurance, and DXC softw… Read more
Xchanging Solutions Limited (XCHANGING) - Net Assets
Latest net assets as of September 2025: ₹3.67 Billion INR
Based on the latest financial reports, Xchanging Solutions Limited (XCHANGING) has net assets worth ₹3.67 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.13 Billion) and total liabilities (₹1.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹3.67 Billion |
| % of Total Assets | 71.54% |
| Annual Growth Rate | 12.34% |
| 5-Year Change | -35.46% |
| 10-Year Change | 7.72% |
| Growth Volatility | 47.86 |
Xchanging Solutions Limited - Net Assets Trend (2004–2025)
This chart illustrates how Xchanging Solutions Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xchanging Solutions Limited (2004–2025)
The table below shows the annual net assets of Xchanging Solutions Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.59 Billion | +1.34% |
| 2024-03-31 | ₹3.54 Billion | -47.66% |
| 2023-03-31 | ₹6.76 Billion | +10.23% |
| 2022-03-31 | ₹6.13 Billion | +10.39% |
| 2021-03-31 | ₹5.56 Billion | +12.01% |
| 2020-03-31 | ₹4.96 Billion | +14.51% |
| 2019-03-31 | ₹4.33 Billion | +12.94% |
| 2018-03-31 | ₹3.84 Billion | +9.62% |
| 2017-03-31 | ₹3.50 Billion | +5.09% |
| 2016-03-31 | ₹3.33 Billion | +9.44% |
| 2015-03-31 | ₹3.04 Billion | +9.15% |
| 2014-03-31 | ₹2.79 Billion | +11.39% |
| 2013-03-31 | ₹2.50 Billion | +5.60% |
| 2012-03-31 | ₹2.37 Billion | -19.91% |
| 2011-03-31 | ₹2.96 Billion | +11.52% |
| 2010-03-31 | ₹2.65 Billion | +21.19% |
| 2009-03-31 | ₹2.19 Billion | -27.40% |
| 2008-03-31 | ₹3.02 Billion | +33.35% |
| 2007-03-31 | ₹2.26 Billion | +28.58% |
| 2006-03-31 | ₹1.76 Billion | +86.18% |
| 2005-03-31 | ₹944.60 Million | +202.95% |
| 2004-03-31 | ₹311.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xchanging Solutions Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 150200800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.30 Billion | 36.33% |
| Common Stock | ₹1.11 Billion | 31.06% |
| Other Comprehensive Income | ₹328.10 Million | 9.15% |
| Other Components | ₹841.70 Million | 23.47% |
| Total Equity | ₹3.59 Billion | 100.00% |
Xchanging Solutions Limited Competitors by Market Cap
The table below lists competitors of Xchanging Solutions Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia Pacific Wire & Cable Corp Ltd
NASDAQ:APWC
|
$17.88 Million |
|
Gseven Co Ltd
TWO:2937
|
$17.88 Million |
|
YOC AG
F:YOC
|
$17.88 Million |
|
DaChan Food (Asia) Limited
F:3DS
|
$17.89 Million |
|
Radiopharm Theranostics Limited
PINK:RDPTF
|
$17.87 Million |
|
Petros Petropoulos AEBE
AT:PETRO
|
$17.87 Million |
|
Mr Bricolage
PA:ALMRB
|
$17.87 Million |
|
Sungwoo Electronics Co. Ltd
KQ:081580
|
$17.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xchanging Solutions Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,539,400,000 to 3,586,700,000, a change of 47,300,000 (1.3%).
- Net income of 495,800,000 contributed positively to equity growth.
- Dividend payments of 445,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,900,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹495.80 Million | +13.82% |
| Dividends Paid | ₹445.60 Million | -12.42% |
| Other Comprehensive Income | ₹-6.90 Million | -0.19% |
| Other Changes | ₹4.00 Million | +0.11% |
| Total Change | ₹- | 1.34% |
Book Value vs Market Value Analysis
This analysis compares Xchanging Solutions Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.91x to 1.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹61.43 | ₹55.60 | x |
| 2005-03-31 | ₹37.66 | ₹55.60 | x |
| 2006-03-31 | ₹16.92 | ₹55.60 | x |
| 2007-03-31 | ₹21.51 | ₹55.60 | x |
| 2008-03-31 | ₹27.76 | ₹55.60 | x |
| 2009-03-31 | ₹19.66 | ₹55.60 | x |
| 2010-03-31 | ₹23.82 | ₹55.60 | x |
| 2011-03-31 | ₹26.56 | ₹55.60 | x |
| 2012-03-31 | ₹21.27 | ₹55.60 | x |
| 2013-03-31 | ₹22.46 | ₹55.60 | x |
| 2014-03-31 | ₹25.02 | ₹55.60 | x |
| 2015-03-31 | ₹27.31 | ₹55.60 | x |
| 2016-03-31 | ₹29.89 | ₹55.60 | x |
| 2017-03-31 | ₹31.41 | ₹55.60 | x |
| 2018-03-31 | ₹34.43 | ₹55.60 | x |
| 2019-03-31 | ₹38.89 | ₹55.60 | x |
| 2020-03-31 | ₹44.53 | ₹55.60 | x |
| 2021-03-31 | ₹49.88 | ₹55.60 | x |
| 2022-03-31 | ₹55.07 | ₹55.60 | x |
| 2023-03-31 | ₹60.70 | ₹55.60 | x |
| 2024-03-31 | ₹31.77 | ₹55.60 | x |
| 2025-03-31 | ₹32.19 | ₹55.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xchanging Solutions Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.81%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.41x
- Recent ROE (13.82%) is above the historical average (6.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.70% | 3.83% | 0.65x | 2.28x | ₹-13.41 Million |
| 2005 | 19.26% | 7.48% | 0.96x | 2.70x | ₹87.44 Million |
| 2006 | -10.59% | -1.58% | 1.02x | 6.59x | ₹-362.07 Million |
| 2007 | 29.04% | 4.47% | 1.30x | 5.00x | ₹430.56 Million |
| 2008 | -2.92% | -0.71% | 1.42x | 2.88x | ₹-389.49 Million |
| 2009 | -69.46% | -17.50% | 0.93x | 4.26x | ₹-1.74 Billion |
| 2010 | -140.29% | -32.09% | 0.96x | 4.57x | ₹-3.99 Billion |
| 2011 | -22.35% | -6.25% | 0.87x | 4.12x | ₹-957.28 Million |
| 2012 | 226.77% | 97.38% | 2.31x | 1.01x | ₹5.14 Billion |
| 2013 | 4.90% | 5.87% | 0.64x | 1.30x | ₹-127.74 Million |
| 2014 | 10.87% | 12.47% | 0.65x | 1.34x | ₹24.35 Million |
| 2015 | 8.25% | 8.75% | 0.70x | 1.34x | ₹-53.16 Million |
| 2016 | 8.77% | 10.45% | 0.68x | 1.24x | ₹-40.97 Million |
| 2017 | 4.39% | 6.25% | 0.54x | 1.29x | ₹-196.21 Million |
| 2018 | 8.25% | 17.02% | 0.40x | 1.22x | ₹-67.18 Million |
| 2019 | 10.78% | 25.37% | 0.36x | 1.18x | ₹33.88 Million |
| 2020 | 11.03% | 30.01% | 0.32x | 1.15x | ₹50.90 Million |
| 2021 | 11.24% | 31.90% | 0.31x | 1.12x | ₹68.71 Million |
| 2022 | 8.57% | 30.17% | 0.26x | 1.10x | ₹-87.75 Million |
| 2023 | 6.64% | 25.74% | 0.23x | 1.10x | ₹-227.22 Million |
| 2024 | 3.87% | 7.85% | 0.33x | 1.48x | ₹-216.94 Million |
| 2025 | 13.82% | 26.81% | 0.37x | 1.41x | ₹137.13 Million |
Industry Comparison
This section compares Xchanging Solutions Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xchanging Solutions Limited (XCHANGING) | ₹3.67 Billion | 5.70% | 0.40x | $17.87 Million |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $23.73 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $43.42 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.87 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $32.95 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.12 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.73 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.02 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $692.71 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.74 Billion |