Xerox Unlisted Shares
About Xerox Unlisted Shares
Xerox India Limited (XIL) is the Indian subsidiary of the renowned global company Xerox Corporation, headquartered in Gurgaon, India. Xerox Corporation is a leader in print technology and intelligent work solutions, with a history of pioneering innovations in imaging, printing, and secure document management. Xerox India offers a wide range of products and services designed to optimize workplace efficiency, enhance productivity, and provide secure communication solutions for businesses of all sizes.
Xerox India operates in 160 countries, including India and five South Asian nations—Bangladesh, Sri Lanka, Nepal, Maldives, and Bhutan. Its customer base spans a broad spectrum of industries, from small and medium businesses (SMBs) to large multinational corporations. Xerox India’s primary offerings are divided into three main categories: Managed Document Services, Workplace Solutions, and Graphic Communications.
- Managed Document Services (MDS) focuses on optimizing the printing and document workflow of organizations, enabling improved efficiency, cost savings, and security.
- Workplace Solutions includes hardware and software solutions designed to streamline business processes and reduce costs in the workplace.
- Graphic Communications serves the needs of print production companies, offering digital printing technologies for high-quality output.
- Xerox India’s innovative ConnectKey Technology, desktop printers, multifunction printers, and scanners have made significant strides in various sectors, including IT, government, education, and manufacturing.
Business Divisions of Xerox India Limited
- Managed Document Services (MDS)
Xerox India’s MDS solutions are designed to optimize the print infrastructure, automate workflows, and provide comprehensive document management solutions. By streamlining document-related processes, businesses can reduce costs and improve operational efficiency. Xerox is a market leader in MDS, providing end-to-end document solutions to clients ranging from small businesses to global enterprises. - Workplace Solutions
Xerox’s workplace solutions focus on creating more efficient work environments through improved printing solutions and document management tools. The company’s range of desktop printers, office printers, and multifunction devices provide businesses with reliable and cost-effective solutions. In addition, ConnectKey Technology adds enhanced security features and simplifies the user experience. - Graphic Communications
This division serves the needs of businesses in the printing and publishing sectors. Xerox provides high-end digital printing solutions that cater to the needs of production print environments. From transactional printing to wide-format printing, Xerox’s graphic communications products are integral to modern printing workflows in commercial and industrial environments. - Small and Medium Business (SMB)
Xerox offers tailored solutions to support small and medium-sized businesses with high-quality printing, cost management, and workflow optimization. These solutions help SMBs increase productivity while maintaining cost efficiency. - App Gallery and Office Software
Xerox also offers a range of office software and apps through its App Gallery, allowing businesses to integrate cloud-based printing, document sharing, and collaboration features seamlessly into their workflow. These offerings help businesses leverage technology to improve productivity and efficiency.
Financial Highlights of Xerox Unlisted Shares
Xerox India Limited has experienced notable fluctuations in its financial performance over the past few years. Here are some key financial highlights:
- Revenue Growth
Xerox India’s revenue has grown consistently, from ₹325 crores in 2021 to ₹440 crores in 2024. This represents a steady increase in sales, primarily driven by demand for office printers, multifunction devices, and document services. - Fluctuating Gross Margins
Xerox India’s gross margins have seen a decline, from 30.46% in 2021 to 25.91% in 2024. This suggests that the company is facing higher production costs or is struggling with pricing pressures in its competitive markets. - EBITDA Performance
The company has shown improvement in EBITDA over the past few years. In 2023, Xerox India reported an EBITDA of ₹25 crores, with a corresponding EBITDA margin of 5.73%. This improvement indicates that the company is improving operational efficiency and managing costs effectively. - Profit After Tax (PAT)
Xerox India has shown growth in its PAT, rising from ₹7 crores in 2022 to ₹18 crores in 2024. This increase in profitability indicates a recovery in operations and effective cost management strategies. - Earnings Per Share (EPS)
The EPS has also improved significantly, from -₹2.9 in 2021 to ₹4.02 in 2024. This positive growth in EPS suggests that Xerox India is generating shareholder value and making strides toward sustainable profitability.
Pros
- Strong market leadership in document solutions and printing technologies.
- Revenue growth from ₹325 crores in 2021 to ₹440 crores in 2024.
- Established presence in India and South Asia.
Cons
- Heavy dependence on print hardware amid a shift toward digital documentation.
- Gross margins declined from 30.46% in 2021 to 21.56% in 2023.
- Inconsistent profitability with a negative EBITDA of ₹7 crores in 2021.
Key Details
| Share Name | Particulars |
|---|---|
| Xerox Limited | 170.00 |
| Unlisted Shares Price | Per Equity Share |
| Lot Size | 200 Shares |
| 52 Week High | ₹ ** |
| 52 Week Low | ₹ ** |
| Depository | NSDL & CDSL |
| PAN Number | AAACM8634R |
| ISIN Number | INE034E01013 |
| CIN | U72200HR1995PLC049183 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 761.74 |
| P/E Ratio | 42.29 |
| P/B Ratio | 2.94 |
| Debt to Equity | 0 |
| ROE (%) | 7% |
| Book Value | 57.76 |
| EPS | 4.02 |
| Face Value | 10 |
| Total Shares | 44,808,000 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 440 | 436 | 352 |
| Cost of Material Consumed | 326 | 342 | 246 |
| Gross Margins (%) | 25.91 | 21.56 | 30.11 |
| Change in Inventory | -15 | -28 | 2 |
| Employee Benefit Expenses | 63 | 56 | 51 |
| Other Expenses | 42 | 41 | 42 |
| EBITDA | 24 | 25 | 11 |
| OPM (%) | 5.45 | 5.73 | 3.13 |
| Other Income | 7 | 10 | 11 |
| Finance Cost | 0.3 | 0.6 | 0 |
| D&A | 7 | 11 | 12 |
| EBIT | 17 | 14 | -1 |
| EBIT Margins (%) | 3.86 | 3.21 | -0.28 |
| PBT | 24 | 22 | 10 |
| PBT Margins (%) | 5.45 | 5.05 | 2.84 |
| Tax | 6 | 9 | 3 |
| PAT | 18 | 13 | 7 |
| NPM (%) | 4.09 | 2.98 | 1.99 |
| EPS | 4.02 | 2.9 | 1.56 |
| Financial Ratios | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 6% | 5% | 3% |
| Net Profit Margin | 4% | 3% | 2% |
| Return on Equity | 7% | 6% | 3% |
| Debt-Equity | 0 | 0 | 0.01 |
| Current Ratio | 2.49 | 2.8 | 2.65 |
| Dividend Payout | 0% | 0% | 0% |
| Company | Xerox India Ltd | TVS Electronics Ltd |
|---|---|---|
| Market Cap (₹ Crores) | 762 | 765 |
| Profitability Margin (%) | 4.00% | 0.00% |
| ROCE (%) | 8.00% | 1.00% |
| ROE (%) | 7.00% | 0.00% |
| D/E Ratio | 0 | 0.41 |
| P/E Ratio | 41.26 | — |
| P/B Ratio | 3.07 | 7.74 |
| Book Value per Share (₹) | 55.46 | 53 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 11 | 11.6 | 17 |
| CWIP | 0.23 | 2.4 | 0.7 |
| Investments | 0.03 | 0 | 0 |
| Trade Receivables | 39 | 51 | 42 |
| Inventory | 98 | 78 | 50 |
| Other Assets | 288.74 | 249 | 281.3 |
| Total Assets | 437 | 392 | 391 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 44.8 | 44.8 | 44.8 |
| FV | 10 | 10 | 10 |
| Reserves | 204 | 185 | 175 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 87 | 68 | 80 |
| Other Liabilities | 101.2 | 94.2 | 91.2 |
| Total Liabilities | 437 | 392 | 391 |
Promoters or Management
Frequently Asked Questions
Sale of goods such as Equipment, Paper and components contributed 43.44% to the revenue. Sale of services on the other hand contributed 51.15% to revenue from operations. Software and Business support services contributed 5.4% of the revenue.
In September 2022, the board of directors of Xerox India approved a proposal to reduce the company’s issued, subscribed and paid-up capital. The reduction involves cancelling 14,96,973 fully paid up shares, approximately 3.34% of the total issued, subscribed and paid-up share capital. This was done to provide liquidity to non-promoter shareholders whose shares lacked liquidity. The shareholders were compensated 74.10 rupees per share. The company has gained shareholder approval this application is under process at Chandigarh Bench of National Company Law Tribunal.
Xerox India Ltd covers India and its neighboring countries such as Bangladesh, Sri Lanka, Nepal, Maldives, Bhutan.
Xerox provides services such as Managed document services which help customers optimize their printing and related document workflow and business processes, Workplace solutions and graphic communications support the work processes for their customers by providing them with efficient and cost-effective printing solutions.
