Xchanging Solutions Limited (XCHANGING) - Net Assets

Latest as of September 2025: Rs3.67 Billion INR ≈ $39.68 Million USD

Based on the latest financial reports, Xchanging Solutions Limited (XCHANGING) has net assets worth Rs3.67 Billion INR (≈ $39.68 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.13 Billion ≈ $55.47 Million USD) and total liabilities (Rs1.46 Billion ≈ $15.79 Million USD). 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. Check Xchanging Solutions Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs3.67 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. Also explore Xchanging Solutions Limited total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Xchanging Solutions Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs3.59 Billion ≈ $38.79 Million	+1.34%
2024-03-31	Rs3.54 Billion ≈ $38.28 Million	-47.66%
2023-03-31	Rs6.76 Billion ≈ $73.13 Million	+10.23%
2022-03-31	Rs6.13 Billion ≈ $66.34 Million	+10.39%
2021-03-31	Rs5.56 Billion ≈ $60.10 Million	+12.01%
2020-03-31	Rs4.96 Billion ≈ $53.65 Million	+14.51%
2019-03-31	Rs4.33 Billion ≈ $46.85 Million	+12.94%
2018-03-31	Rs3.84 Billion ≈ $41.48 Million	+9.62%
2017-03-31	Rs3.50 Billion ≈ $37.84 Million	+5.09%
2016-03-31	Rs3.33 Billion ≈ $36.01 Million	+9.44%
2015-03-31	Rs3.04 Billion ≈ $32.90 Million	+9.15%
2014-03-31	Rs2.79 Billion ≈ $30.15 Million	+11.39%
2013-03-31	Rs2.50 Billion ≈ $27.06 Million	+5.60%
2012-03-31	Rs2.37 Billion ≈ $25.63 Million	-19.91%
2011-03-31	Rs2.96 Billion ≈ $32.00 Million	+11.52%
2010-03-31	Rs2.65 Billion ≈ $28.69 Million	+21.19%
2009-03-31	Rs2.19 Billion ≈ $23.67 Million	-27.40%
2008-03-31	Rs3.02 Billion ≈ $32.61 Million	+33.35%
2007-03-31	Rs2.26 Billion ≈ $24.46 Million	+28.58%
2006-03-31	Rs1.76 Billion ≈ $19.02 Million	+86.18%
2005-03-31	Rs944.60 Million ≈ $10.22 Million	+202.95%
2004-03-31	Rs311.80 Million ≈ $3.37 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	Rs1.30 Billion	36.33%
Common Stock	Rs1.11 Billion	31.06%
Other Comprehensive Income	Rs328.10 Million	9.15%
Other Components	Rs841.70 Million	23.47%
Total Equity	Rs3.59 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
Financeira Alfa S.A. - Crédito Financiamento e Investimentos SA:CRIV3	$80.23 Million
XAC Automation TWO:5490	$80.27 Million
DTF Tax Free Income Closed Fund NYSE:DTF	$80.28 Million
Shinwon KO:009270	$80.31 Million
Farmsco KO:036580	$80.21 Million
Ispire Technology Inc. Common Stock NASDAQ:ISPR	$80.21 Million
Cheng Fwa Industrial Ltd TWO:5426	$80.19 Million
Yew Lee Pacific Group Berhad KLSE:0248	$80.18 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	Rs495.80 Million	+13.82%
Dividends Paid	Rs445.60 Million	-12.42%
Other Comprehensive Income	Rs-6.90 Million	-0.19%
Other Changes	Rs4.00 Million	+0.11%
Total Change	Rs-	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: 2.07x
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 1.08x to 2.07x 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	Rs61.43	Rs66.59	x
2005-03-31	Rs37.66	Rs66.59	x
2006-03-31	Rs16.92	Rs66.59	x
2007-03-31	Rs21.51	Rs66.59	x
2008-03-31	Rs27.76	Rs66.59	x
2009-03-31	Rs19.66	Rs66.59	x
2010-03-31	Rs23.82	Rs66.59	x
2011-03-31	Rs26.56	Rs66.59	x
2012-03-31	Rs21.27	Rs66.59	x
2013-03-31	Rs22.46	Rs66.59	x
2014-03-31	Rs25.02	Rs66.59	x
2015-03-31	Rs27.31	Rs66.59	x
2016-03-31	Rs29.89	Rs66.59	x
2017-03-31	Rs31.41	Rs66.59	x
2018-03-31	Rs34.43	Rs66.59	x
2019-03-31	Rs38.89	Rs66.59	x
2020-03-31	Rs44.53	Rs66.59	x
2021-03-31	Rs49.88	Rs66.59	x
2022-03-31	Rs55.07	Rs66.59	x
2023-03-31	Rs60.70	Rs66.59	x
2024-03-31	Rs31.77	Rs66.59	x
2025-03-31	Rs32.19	Rs66.59	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	Rs-13.41 Million
2005	19.26%	7.48%	0.96x	2.70x	Rs87.44 Million
2006	-10.59%	-1.58%	1.02x	6.59x	Rs-362.07 Million
2007	29.04%	4.47%	1.30x	5.00x	Rs430.56 Million
2008	-2.92%	-0.71%	1.42x	2.88x	Rs-389.49 Million
2009	-69.46%	-17.50%	0.93x	4.26x	Rs-1.74 Billion
2010	-140.29%	-32.09%	0.96x	4.57x	Rs-3.99 Billion
2011	-22.35%	-6.25%	0.87x	4.12x	Rs-957.28 Million
2012	226.77%	97.38%	2.31x	1.01x	Rs5.14 Billion
2013	4.90%	5.87%	0.64x	1.30x	Rs-127.74 Million
2014	10.87%	12.47%	0.65x	1.34x	Rs24.35 Million
2015	8.25%	8.75%	0.70x	1.34x	Rs-53.16 Million
2016	8.77%	10.45%	0.68x	1.24x	Rs-40.97 Million
2017	4.39%	6.25%	0.54x	1.29x	Rs-196.21 Million
2018	8.25%	17.02%	0.40x	1.22x	Rs-67.18 Million
2019	10.78%	25.37%	0.36x	1.18x	Rs33.88 Million
2020	11.03%	30.01%	0.32x	1.15x	Rs50.90 Million
2021	11.24%	31.90%	0.31x	1.12x	Rs68.71 Million
2022	8.57%	30.17%	0.26x	1.10x	Rs-87.75 Million
2023	6.64%	25.74%	0.23x	1.10x	Rs-227.22 Million
2024	3.87%	7.85%	0.33x	1.48x	Rs-216.94 Million
2025	13.82%	26.81%	0.37x	1.41x	Rs137.13 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: $1,245,774,409
Average return on equity (ROE) among peers: 11.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xchanging Solutions Limited (XCHANGING)	Rs3.67 Billion	5.70%	0.40x	$80.23 Million
AAA Technologies Limited (AAATECH)	$253.85 Million	11.30%	0.09x	$13.80 Million
Accelya Solutions India Limited (ACCELYA)	$1.80 Billion	49.66%	0.42x	$187.02 Million
Adroit Infotech Limited (ADROITINFO)	$159.54 Million	-2.39%	0.01x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.15 Million
Alankit Limited (ALANKIT)	$3.75 Million	22.76%	4.62x	$27.04 Million
Bartronics India Limited (ASMS)	$664.69 Million	-75.68%	23.36x	$25.79 Million
BIRLASOFT LIMITED (BSOFT)	$1.42 Billion	22.91%	0.88x	$1.11 Billion
Computer Age Management Services Limited (CAMS)	$7.82 Billion	36.45%	0.40x	$1.98 Billion
Cigniti Technologies Limited (CIGNITITEC)	$115.76 Million	0.58%	0.23x	$351.04 Million
Cambridge Technology Enterprises Limited (CTE)	$29.18 Million	47.30%	0.49x	$6.93 Million

About Xchanging Solutions Limited

NSE:XCHANGING India Information Technology Services

Market Cap

$80.23 Million

Rs7.42 Billion INR

Market Cap Rank

#20038 Global

#1088 in India

Share Price

Rs66.59

Change (1 day)

+0.14%

52-Week Range

Rs47.79 - Rs101.54

All Time High

Rs155.00