Xchanging Solutions share price today

Xchanging Solutions Ltd's share price was ₹58.09 at the close on 4 November 2026. It has been falling for 104 weeks. That is 12.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹51 and ₹88, and at that close it sat 19% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Xchanging Solutions Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

Over the last 11 years the share price moved +29% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit fell in the September 2026 quarter and operating margin up 3 points on a year earlier.

1. Profit fell in the September 2026 quarter

   Profit was ₹15 crore, -6.2% on a year earlier (₹16 crore), after 2 quarters of growth.

2. Operating margin up 3 points on a year earlier

   35% in the September 2026 quarter, from 32%.

Xchanging Solutions paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 3.44% at the ₹58.09 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 14 August 2026.

Xchanging Solutions dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Xchanging Solutions Ltd paid out 37% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Xchanging Solutions reported revenue of ₹53.0 crore, up 0.0% from ₹53.0 crore a year earlier, and a profit of ₹15.0 crore, down 6.2% from ₹16.0 crore.

Xchanging Solutions results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Xchanging Solutions closed at ₹58.09 on 4 November 2026, down 34.3% from ₹88.37 a year earlier (7 November 2025) and down 46.2% over five years. Its highest weekly close since March 2016 was ₹161.15 on 16 February 2024.

Xchanging Solutions share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Xchanging Solutions closed at ₹58.09, up 3.8% on the week and down 3.7% on the month. Results for July to September 2026: Revenue up 0.0% and profit down 6.2% on a year earlier.

Earlier

• 14 Aug 2026: ex-date for a dividend of ₹2 a share.

Xchanging Solutions is on 3 of our India lists: Dividend stocks, Penny stocks and IT stocks.

Xchanging Solutions Ltd earned ₹15.0 Cr of net profit in the Sep 2026 quarter, −6.3% on the same quarter a year earlier. Full-year FY26 profit was ₹59.0 Cr. Over 11 years profit has grown 6.7% a year on average. That is 28.3% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹59.0 Cr (+18.0% on the year before).

Why profit moved: revenue changed +0.0% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +0.1% and revenue +3.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Xchanging Solutions Ltd reported ₹53.0 Cr of revenue in the Sep 2026 quarter, +0.0% on the same quarter a year earlier. Over 11 years it has grown −2.8% a year on average. The last full year, FY26, came in at ₹203 Cr. The last four reported quarters add to ₹207 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹203 Cr, +9.7% on the year before.

Recent pace: the last four quarters grew +3.6% on average, against −2.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.5%, against +9.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +0.0%, against +42.6% a year (rolling over).

Xchanging Solutions Ltd's operating margin was 35.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 0.2% and 34.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.4 percentage points on the year while gross margin changed −0.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 63% of Xchanging Solutions Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹41.0 Cr of operating cash against ₹59.0 Cr of profit. After ₹0.0 Cr of spending on assets, ₹41.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 63% of profit came in as cash: the cash cycle got 13 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Xchanging Solutions Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 30 days in FY26, up from 17 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹1.0 Cr. Customers take 30 days to pay, and stock sits for 0 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹203 Cr, each day of that cycle ties up about ₹0.6 Cr, so roughly ₹17.0 Cr is tied up in the business at any time.

FY26: customers took 30 days to pay and stock sat for 0 days, about 0.0 months of sales sitting as stock, for a full cycle of 30 days, longer than FY21's 17.

Over the last 3 years, money from selling assets was ₹1.0 Cr more than it spent on new ones. Work still in progress is ₹0.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Xchanging Solutions Ltd's P/E is 10.8×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 18.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.