₹61.54
+0.72% today
· 30d -9.75%
as of 2026-09-04
Price · Daily Candles
“XCHANGING's Profit Soars by 19.91% Annually as FIIs Step In, Despite Share Price Slide.”
XCHANGING, a small-cap IT Services firm with a market cap of ₹737 Cr, posted strong annual net profit growth of 19.91% and quarterly net profit growth of 10.85% YoY. Despite this, its share price has declined 34.02% over the last year, trading at a P/E of 12.74, appearing cheap with a valuation score of 75.
BULL CASE
+Annual net profit surged by 19.91% to ₹59 Cr in FY26, while quarterly net profit rose 10.85% to ₹16 Cr in Q4 FY26.
+The company's P/E of 12.74 is significantly lower than IT services peers, positioning it as 'CHEAP' with a valuation score of 75.
+FII shareholding increased by 0.10% QoQ in Q4 FY26, suggesting renewed institutional interest.
+The company maintains a high profitability score of 90, with a Q4 OPM of 40.93% and a TTM profit margin of 29.3%.
BEAR CASE
−The share price has seen significant declines, dropping 23.86% over 6 months and 34.02% over the last year.
−ML predictions indicate weak future FCF growth, with a 'weak' rank (0.243-0.267) across all timeframes for stable, rolling, and recent periods.
−The 3-month share price return is negative at -2.3%, and the stock is trading 36.57% off its 52-week high of ₹104.5.
−Sales growth predictions are neutral to weak, with 'neutral' ranks (0.403-0.509) for 1-year sales growth across all models, and only 1.1% revenue growth in Q4 YoY.
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹54 Cr
+7.3% YoY
NET PROFIT
₹15 Cr
+9.8% YoY
OPM
37.67%
+0.21pp YoY
EPS
₹1.36
PE 12.74
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-46.3%, h2=-48.1%, h3=-44.6% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
XCHANGING's P/E of 12.74 and ROCE of 15.0% are notably lower than sector leaders like TCS (P/E 16.74, ROCE 60.1%) and Infosys (P/E 16.05, ROCE 44.44%), suggesting a value play within the Technology sector.
PEERPEROCE %
XCHANGING12.7418.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
51
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
20
Valuation
CHEAP
75
Growth
STEADY
59
Profitability
HIGH
85
Technicals
WEAK
37
Risk
ELEVATED
30
Key Stats
TTM PE
12.74
P/B
2.01
52W HIGH
₹103.0
OFF HIGH
-40.25%
DIV YIELD
3.0%
MKT CAP
₹683 Cr
◉ Active Signals
MACDBearish-0.0575
RSI(14)Neutral42.37
⧉ Strategy Fit 🔒