Balance sheet of Xchanging Solutions is strong.
It shouldn't have solvency or liquidity issues.

The net debt of Xchanging Solutions is decreasing.
Latest net debt of Xchanging Solutions is -₹515.73 Crs as of Mar-25.
This is less than Mar-24 when it was -₹511.8 Crs.

Yes, profit is increasing.
The profit of Xchanging Solutions is ₹52.72 Crs for TTM, ₹49.58 Crs for Mar 2025 and ₹13.7 Crs for Mar 2024.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Xchanging Solutions latest dividend payout ratio is 89.87% and 3yr average dividend payout ratio is 1427.27%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances