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Excelsoft vs Unicommerce vs Xchanging Solutions: Which Stock Should You Track

Excelsoft Technologies PE 19.94, mkt cap Rs 932 crore. Unicommerce eSolutions PE 42.28, mkt cap Rs 898 crore. Xchanging Solutions PE 10.81, mkt cap Rs 657 crore.


12 Oct 2026 • 9:48 am

Excelsoft vs Unicommerce vs Xchanging Solutions: Which Stock Should You Track

Quick Answer

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions is a side-by-side comparison of three companies from the it and software services space. On this comparison, Excelsoft Technologies carries a market capitalisation of about Rs 932 crore, against Rs 898 crore for Unicommerce eSolutions and Rs 657 crore for Xchanging Solutions, with return on equity of 7.50%, 10.60% and 15.01% respectively. Each company's numbers are presented here without a declared preference, since the right stock depends on an investor's own criteria.

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions starts with the core numbers most investors compare within the it and software services segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the it and software services bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions: Company Overview

Excelsoft Technologies is a listed Indian company in the it and software services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 932 crore, a return on equity of 7.50% and a book value of Rs 50.25 per share. Its quarterly revenue moved from Rs 60.14 crore in June 2025 to Rs 86.09 crore in June 2026, a change of +43.1%.

Unicommerce eSolutions is a listed Indian company in the it and software services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 898 crore, a return on equity of 10.60% and a book value of Rs 17.17 per share. Its quarterly revenue moved from Rs 45.76 crore in June 2025 to Rs 52.79 crore in June 2026, a change of +15.4%.

Xchanging Solutions is a listed Indian company in the it and software services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 657 crore, a return on equity of 15.01% and a book value of Rs 35.55 per share. Its quarterly revenue moved from Rs 53.78 crore in June 2025 to Rs 57.20 crore in June 2026, a change of +6.4%.

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions: Valuation and Profitability Snapshot

Metric Excelsoft Technologies Unicommerce eSolutions Xchanging Solutions
Market Cap (approx.) Rs 932 crore Rs 898 crore Rs 657 crore
PE Ratio (TTM) 19.94 42.28 10.81
PB Ratio 1.61 4.65 1.66
Return on Equity (ROE) 7.50% 10.60% 15.01%
EPS (TTM, Rs) 4.06 1.89 5.46
Dividend Yield 0.00% 0.00% 3.39%
Debt to Equity 0.01 0.05 0.18
Book Value per Share (Rs) 50.25 17.17 35.55

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On valuation, Excelsoft Technologies trades at a PE of 19.94 and a PB of 1.61, Unicommerce eSolutions at a PE of 42.28 and a PB of 4.65, while Xchanging Solutions trades at a PE of 10.81 and a PB of 1.66. On return on equity, the three post 7.50%, 10.60% and 15.01% respectively, and on dividend yield they stand at 0.00%, 0.00% and 3.39%. Excelsoft Technologies has the highest market capitalisation of the three at Rs 932 crore, while Xchanging Solutions has the lowest at Rs 657 crore. Unicommerce eSolutions has the highest PE ratio of the three at 42.28, while Xchanging Solutions has the lowest at 10.81. Xchanging Solutions has the highest return on equity of the three at 15.01%, while Excelsoft Technologies has the lowest at 7.50%. Xchanging Solutions has the highest debt to equity ratio of the three at 0.18, while Excelsoft Technologies has the lowest at 0.01. Debt to equity is 0.01, 0.05 and 0.18 for the three respectively.

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue) YoY Change (Net Profit)
Excelsoft Technologies Rs 86.09 crore Rs 9.23 crore +43.1% -0.7% +57.2%
Unicommerce eSolutions Rs 52.79 crore Rs 4.68 crore +15.4% -0.0% +20.3%
Xchanging Solutions Rs 57.20 crore Rs 15.12 crore +6.4% +4.8% +9.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter Excelsoft Technologies Unicommerce eSolutions Xchanging Solutions
June 2025 Rs 60.14 crore Rs 45.76 crore Rs 53.78 crore
September 2025 Rs 68.63 crore Rs 52.23 crore Rs 56.10 crore
December 2025 Rs 75.67 crore Rs 57.61 crore Rs 52.07 crore
March 2026 Rs 86.69 crore Rs 52.81 crore Rs 54.56 crore
June 2026 Rs 86.09 crore Rs 52.79 crore Rs 57.20 crore

Quarterly net profit (Rs crore)

Quarter Excelsoft Technologies Unicommerce eSolutions Xchanging Solutions
June 2025 Rs 5.87 crore Rs 3.89 crore Rs 13.77 crore
September 2025 Rs 10.61 crore Rs 5.78 crore Rs 16.26 crore
December 2025 Rs 10.30 crore Rs 7.39 crore Rs 13.18 crore
March 2026 Rs 16.60 crore Rs 3.40 crore Rs 16.24 crore
June 2026 Rs 9.23 crore Rs 4.68 crore Rs 15.12 crore

Excelsoft Technologies reported revenue of Rs 60.14 crore in June 2025 and Rs 86.09 crore in June 2026, a change of +43.1% across the period. Its highest quarterly revenue in this window was Rs 86.69 crore in March 2026. Net profit stood at Rs 9.23 crore in June 2026, which is a net profit margin of 10.72%.

Unicommerce eSolutions reported revenue of Rs 45.76 crore in June 2025 and Rs 52.79 crore in June 2026, a change of +15.4% across the period. Its highest quarterly revenue in this window was Rs 57.61 crore in December 2025. Net profit stood at Rs 4.68 crore in June 2026, which is a net profit margin of 8.87%.

Xchanging Solutions reported revenue of Rs 53.78 crore in June 2025 and Rs 57.20 crore in June 2026, a change of +6.4% across the period. Its highest quarterly revenue in this window was Rs 57.20 crore in June 2026. Net profit stood at Rs 15.12 crore in June 2026, which is a net profit margin of 26.43%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three it and software services names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as client concentration, deal wins, employee costs and the shift in service revenue mix. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions highlights how differently three companies in the same it and software services segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Excelsoft Technologies vs Unicommerce eSolutions vs Xchanging Solutions

What is the market cap difference between Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions?

Ans. As of October 2026, Excelsoft Technologies has a market cap of approximately Rs 932 crore, Unicommerce eSolutions is at approximately Rs 898 crore, and Xchanging Solutions is at approximately Rs 657 crore.

What are the PE and PB ratios of Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions?

Ans. As of October 2026, the PE ratios stand at 19.94, 42.28 and 10.81 respectively, and the price to book ratios stand at 1.61, 4.65 and 1.66 respectively.

Which of the three has the highest ROE?

Ans. Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions post ROE of 7.50%, 10.60% and 15.01% respectively as of October 2026. Xchanging Solutions has the highest return on equity of the three at 15.01%, while Excelsoft Technologies has the lowest at 7.50%.

Which of these three stocks pays the highest dividend yield?

Ans. Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions carry dividend yields of 0.00%, 0.00% and 3.39% respectively.

What is the debt to equity ratio for Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions?

Ans. Excelsoft Technologies carries a debt to equity of 0.01, Unicommerce eSolutions of 0.05, and Xchanging Solutions of 0.18.

What were the latest quarterly revenue and net profit of Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions?

Ans. For Q1 FY27 (quarter ended June 2026), Excelsoft Technologies reported revenue of Rs 86.09 crore and net profit of Rs 9.23 crore, Unicommerce eSolutions reported revenue of Rs 52.79 crore and net profit of Rs 4.68 crore, and Xchanging Solutions reported revenue of Rs 57.20 crore and net profit of Rs 15.12 crore.

Does this comparison recommend one of Excelsoft Technologies, Unicommerce eSolutions and Xchanging Solutions?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.

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