Xchanging Solutions cash flow

Latest FY26

Cash from operations: ₹41.2cr−12.0% on FY25
Capital spending: ₹0.0crNo figure a year before
Free cash flow: ₹41.2cr−12.0% on FY25
Cash from financing: −₹49.7cr−₹70.0 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	0.0	0.3	0.5	0.6
	—	5.4	6.4	1.9	0.1
	—	−12.9	−15.1	−18.8	−9.8
	—	0.1	−0.1	0.0	−0.0
	—	0.0	−0.0	−0.1	−0.4
	—	0.0	−0.1	−0.2	−0.0
	—	−3.0	−0.6	−3.8	7.9
	—	0.9	0.4	5.0	−0.8
	—	0.0	0.0	0.0	−0.0
	—	1.5	2.5	−2.3	1.7
	—	−0.2	1.9	0.3	0.1
	—	−3.6	1.0	2.4	−1.7
	—	1.6	−0.5	0.8	−0.1
	—	−1.1	−0.9	−4.0	−1.0
	—	−0.0	−0.7	0.7	−0.4
	—	0.2	−0.3	−2.8	0.2
Cash from operating activities
	80.4	76.7	63.4	66.2	59.6
	—	−11.2	−5.8	−20.4	−3.8
	—	65.5	57.7	45.8	55.9
	—	24.4	10.9	57.8	13.8
	—	41.2	46.8	−12.1	42.0
Cash from investing activities
	—	0.0	0.0	0.0	0.0
	—	0.0	0.1	0.0	0.0
	—	0.0	0.0	0.2	0.0
	—	0.0	0.0	16.2	0.0
	—	12.9	14.4	19.4	9.3
	—	−0.0	−0.3	−0.3	0.3
	—	12.9	14.1	35.5	9.7
Cash from financing activities
	—	0.0	0.0	104	0.0
	—	22.0	18.8	0.0	0.0
	—	0.0	0.3	0.5	0.5
	—	5.4	6.4	1.8	0.0
	—	22.3	44.6	334	0.0
	—	−49.7	−70.0	−232	−0.5
	—	4.4	−9.1	−209	51.2
	—	6.7	1.4	515	23.9
	—	11.1	−7.8	306	75.1
	—	—	—	308	515
Reference items
	71.6	68.5	53.1	46.8	49.6
	34.6%	33.8%	28.7%	26.8%	28.4%
	41.2	41.2	46.8	−12.1	42.0
	—	21.4	21.5	90.4	—
	₹3.69	₹3.69	₹4.20	−₹1.08	₹3.77
	14.91×	—	—	—	—
	—	0.69×	0.94×	−0.88×	0.94×
	—	24.4	10.9	57.8	13.8
	—	5.4	6.4	1.8	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

XCHANGING₹55.07

Xchanging Solutions Limited

· Technology

₹ CrorePeersKSOLVES INNOVANA SOFTTECH MINDTECK XTGLOBAL TREJHARA NINSYS CALSOFTMcap ₹613 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	0.6	0.5	0.3	0.0	—
+ Finance Costs	0.1	1.9	6.4	5.4	—
+ Interest Income	-9.8	-18.8	-15.1	-12.9	—
+ Unrealised FX (Gain) / Loss	-0.0	0.0	-0.1	0.1	—
+ Other Non-cash Items	-0.4	-0.1	-0.0	0.0	—
+ Other Reconciling Items	-0.0	-0.2	-0.1	0.0	—
Changes in Working Capital
+ Trade Receivables — Current	7.9	-3.8	-0.6	-3.0	—
+ Other Financial Assets — Current	-0.8	5.0	0.4	0.9	—
+ Other Financial Assets — Non-current	-0.0	0.0	0.0	0.0	—
+ Other Current Assets	1.7	-2.3	2.5	1.5	—
+ Other Non-current Assets	0.1	0.3	1.9	-0.2	—
+ Trade Payables — Current	-1.7	2.4	1.0	-3.6	—
+ Other Financial Liabilities — Current	-0.1	0.8	-0.5	1.6	—
+ Other Current Liabilities	-1.0	-4.0	-0.9	-1.1	—
+ Provisions — Current	-0.4	0.7	-0.7	-0.0	—
+ Provisions — Non-current	0.2	-2.8	-0.3	0.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	59.6	66.2	63.4	76.7	80.4
+ Total Adjustments (incl. Working Capital)	-3.8	-20.4	-5.8	-11.2	—
Cash from Operations (pre-tax)	55.9	45.8	57.7	65.5	—
+ Income Taxes Paid	13.8	57.8	10.9	24.4	—
Cash from Operating Activities	42.0	-12.1	46.8	41.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	0.0	0.0	0.0	0.0	—
+ Disp of Fixed Assets	0.0	0.0	0.1	0.0	—
+ Disp of Investment Property	0.0	0.2	0.0	0.0	—
+ Loans & Advances Repaid	0.0	16.2	0.0	0.0	—
+ Interest Received — Investing	9.3	19.4	14.4	12.9	—
+ Other Inflows / (Outflows) — Investing	0.3	-0.3	-0.3	-0.0	—
Cash from Investing Activities	9.7	35.5	14.1	12.9	—
Cash from Financing Activities
+ Proceeds from Borrowings	0.0	104.3	0.0	0.0	—
+ Repayment of Borrowings	0.0	0.0	18.8	22.0	—
+ Payment of Lease Liabilities	0.5	0.5	0.3	0.0	—
+ Interest Paid	0.0	1.8	6.4	5.4	—
+ Dividends Paid	0.0	334.2	44.6	22.3	—
Cash from Financing Activities	-0.5	-232.2	-70.0	-49.7	—
Net Changes in Cash (pre-FX)	51.2	-208.8	-9.1	4.4	—
+ Effect of FX Rate Changes on Cash	23.9	514.9	1.4	6.7	—
Net Changes in Cash	75.1	306.1	-7.8	11.1	—
Closing Cash	514.9	307.7	—	—	—
Reference Items
EBITDA	49.6	46.8	53.1	68.5	71.6
EBITDA Margin %	28.44	26.81	28.69	33.77	34.58
Free Cash Flow (CFO − Capex)	42.0	-12.1	46.8	41.2	41.2
Free Cash Flow to Equity	—	90.4	21.5	21.4	—
Free Cash Flow per Basic Share	3.77	-1.08	4.20	3.69	3.69
Price to Free Cash Flow	—	—	—	—	14.91
Cash Flow to Net Income	0.94	-0.88	0.94	0.69	—
Cash Paid for Taxes	13.8	57.8	10.9	24.4	—
Cash Paid for Interest	—	1.8	6.4	5.4	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.