Xchanging Solutions enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


646	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
301	311	300	308	515
71.1	71.1	85.5	104	0.0
416	—	—	—	—
−230	−240	−214	−203	−515
₹37.36	—	—	—	—

486	467	444	458	676
14.6%	15.2%	19.2%	22.8%	0.0%
0.17×	—	—	—	—

2.01×	—	—	—	—
5.82×	—	—	—	—
5.82×	—	—	—	—
10.12×	—	—	—	—
207	203	185	174	174
71.6	68.5	53.1	46.8	49.6
71.6	68.5	52.8	46.2	49.0
—	41.2	46.8	−12.1	42.0
41.2	41.2	46.8	−12.1	42.0
—	39.9	45.3	−13.1	42.0
—	0.0	0.0	0.0	0.0

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

alphave

XCHANGING₹57.99

Xchanging Solutions Limited

· Technology

₹ CrorePeersKSOLVES INNOVANA SOFTTECH MINDTECK XTGLOBAL TREJHARA NINSYS CALSOFTMcap ₹646 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	646.0
- Cash, Equiv & ST Investments	514.9	307.7	299.9	311.0	300.9
+ Total Debt	0.0	104.3	85.5	71.1	71.1
Enterprise Value	—	—	—	—	416.2
Net Debt (memo)	-514.9	-203.4	-214.5	-239.9	-229.8
EV per Share	—	—	—	—	37.36

Total Capital	676.2	458.2	444.1	467.2	485.7
Total Debt/Total Capital	0.00	22.75	19.24	15.22	14.64
Total Debt/EV	—	—	—	—	0.17

EV/Sales	—	—	—	—	2.01
EV/EBITDA	—	—	—	—	5.82
EV/EBIT	—	—	—	—	5.82
EV/Free Cash Flow	—	—	—	—	10.12
Reference Items — Trailing FY Values
Sales	174.4	174.4	184.9	202.9	207.0
EBITDA	49.6	46.8	53.1	68.5	71.6
EBIT	49.0	46.2	52.8	68.5	71.6
Operating Cash Flow	42.0	-12.1	46.8	41.2	—
Free Cash Flow	42.0	-12.1	46.8	41.2	41.2
FCFF (free cash flow to the firm)	42.0	-13.1	45.3	39.9	—
Capital Expenditure	0.0	0.0	0.0	0.0	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). 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%.