Dashboard
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 19.87%
- Healthy long term growth as Net Sales has grown by an annual rate of 45.74% and Operating profit at 63.52%
- Company has very low debt and has enough cash to service the debt requirements
2
With ROE of 21.35%, it has a expensive valuation with a 2.13 Price to Book Value
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-11.07%
0%
-11.07%
6 Months
-15.52%
0%
-15.52%
1 Year
-22.61%
0%
-22.61%
2 Years
-26.44%
0%
-26.44%
3 Years
-58.26%
0%
-58.26%
4 Years
-52.0%
0%
-52.0%
5 Years
-73.15%
0%
-73.15%
CHANGE Holdings, Inc. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
45.74%
EBIT Growth (5y)
63.52%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
0.08
Sales to Capital Employed (avg)
0.60
Tax Ratio
37.71%
Dividend Payout Ratio
19.44%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
108.72%
ROE (avg)
19.87%
Valuation key factors
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
2.13
EV to EBIT
7.24
EV to EBITDA
6.09
EV to Capital Employed
2.05
EV to Sales
1.97
PEG Ratio
0.34
Dividend Yield
NA
ROCE (Latest)
28.26%
ROE (Latest)
21.35%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
9,908.00
11,450.00
-13.47%
Operating Profit (PBDIT) excl Other Income
1,194.00
2,001.00
-40.33%
Interest
139.00
250.00
-44.40%
Exceptional Items
0.00
-798.00
100.00%
Consolidate Net Profit
463.00
-523.00
188.53%
Operating Profit Margin (Excl OI)
59.00%
112.10%
-5.31%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is -13.47% vs -37.86% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is 188.53% vs -108.35% in Mar 2025
Annual Results Snapshot (Consolidated) - Mar'25
Mar'25
Mar'24
Change(%)
Net Sales
46,387.00
37,015.00
25.32%
Operating Profit (PBDIT) excl Other Income
15,013.00
11,426.00
31.39%
Interest
327.00
131.00
149.62%
Exceptional Items
-1,301.00
-2,384.00
45.43%
Consolidate Net Profit
8,011.00
4,375.00
83.11%
Operating Profit Margin (Excl OI)
272.20%
259.40%
1.28%
USD in Million.
Net Sales
YoY Growth in year ended Mar 2025 is 25.32% vs 84.88% in Mar 2024
Consolidated Net Profit
YoY Growth in year ended Mar 2025 is 83.11% vs 11.89% in Mar 2024
About CHANGE Holdings, Inc. 
CHANGE Holdings, Inc.
Software Products
No Details Available.
Company Coordinates 
No Company Details Available






