eClerx Services Limited ECLERX NIFTY_SMALLNSEAITECH
Company Overview
eClerx Services Limited provides business process management, change management, data-driven insights, and advanced analytics services in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It offers omnichannel customer support, customer journey mapping, quality monitoring, and field technical operations; digital marketing services, including omnichannel campaigns, creative production, product data management, MarTech enablement, search and media operations, and content and commerce services; and creative and content productions, such as photo/video management, post-production, 3D-CGI, VR/AR, digital workflows, and omnichannel delivery. The company also provides market intelligence services comprising digital shelf analytics, competitor intelligence, pricing intelligence, assortment optimization, product launch, revenue and yield management, and bid management; anti-money laundering, anti-bribery and corruption, fraud detection and prevention, know your customer, compliance monitoring and audits, and regulatory reporting; and data and cloud engineering, customer analytics, sales and marketing analytics, and care and support analytics services. In addition, it offers trade support, client lifecycle, asset servicing, settlements and clearing, lending operations, and data and document management; and procure to pay, order to cash, record to report, and specialty finance accounting, as well as digital transformation, strategic managed, and application development services. The company serves financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech industries. eClerx Services Limited was incorporated in 2000 and is based in Mumbai, India.
Why Investors Should Care
Generates a return on equity of 27.6%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 32.7%.
Net profit has compounded at 13.0% per year over the last five years.
Revenue has grown at a 15.8% CAGR over the past five years.
Maintains a net profit margin of 16.8%.
Carries low leverage with a debt-to-equity ratio of 0.15.
Recent Developments
- Mar 2026 Revenue of ₹4,117.03 Cr (+22.3% YoY); net profit ₹706.21 Cr.
- Trailing 12 Months Year-on-year growth — revenue +23.3%, earnings +18.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 15.8%, profit CAGR 13.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 15.84% |
| 1 Year: | 23.30% |
Compounded Profit Growth
| 5 Years: | 13.05% |
| 1 Year: | 18.80% |
Stock Price Performance
| 1 Year: | -5.68% |
| 6 Months: | +33.28% |
| 3 Months: | +3.75% |
| 1 Month: | +0.32% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
eClerx uses AI/ML for capital markets ops, ad-tech analytics and customer ops automation. Acquired Personiv (US AI).
- AI-led data & analytics services eClerx embeds AI/ML and GenAI in data management, analytics and digital operations for financial-services, retail and tech clients — moving up the value chain from BPO.
- GenAI automation of knowledge work Generative-AI tools automate document and process-heavy KPO tasks, improving margins and client outcomes.
- AI in customer-experience operations Machine-learning analytics power CX, pricing and productivity solutions for enterprise clients.
- KPO leader using AI to defend against automation while lifting margins (ROCE ~35%).
- Excellent returns (ROE ~29%) and ~20% five-year profit CAGR at a reasonable P/E ~19.
- AI is both a threat (automating BPO) and a tool — eClerx is positioning on the right side.
- Client concentration in BFSI is a key risk.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 27.6%.
- Healthy ROCE of 32.7%.
- Compounding revenue at 15.8% over 5 years.
- Profit CAGR of 13.0% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ECLERX eClerx Services Limited NIFTY_SMALLNSEAITECH | 1,930.30 | 25.20 | ₹17,763.64 Cr | 0.05% | 32.68% | 27.57% | 15.84% | 13.05% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,506.90 | 17.57 | ₹9.07 L Cr | 3.12% | 54.93% | 47.74% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,153.35 | 15.31 | ₹4.67 L Cr | 5.02% | 41.66% | 32.00% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,421.70 | 22.12 | ₹3.85 L Cr | 5.10% | 27.21% | 24.07% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 190.41 | 15.12 | ₹1.88 L Cr | 5.01% | 17.85% | 16.13% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,814.10 | 31.36 | ₹1.61 L Cr | 3.42% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,249.00 | 24.10 | ₹1.26 L Cr | 1.92% | 25.39% | 21.97% | 8.43% | 4.41% |
| 8 | LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH | 1,651.20 | 61.41 | ₹1.12 L Cr | 0.00% | 27.64% | 21.98% | 1.25% | - |
| 9 | PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH | 1,661.40 | 166.47 | ₹1.06 L Cr | 0.00% | 3.68% | 3.45% | 2.20% | 43.71% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 693.00 Cr | 684.00 Cr | 722.00 Cr | 753.00 Cr | 767.00 Cr | 782.00 Cr | 832.00 Cr | 853.82 Cr | 898.29 Cr | 934.56 Cr | - | 1,070.33 Cr | 1,107.29 Cr | 1,152.36 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 545.08 Cr | 564.62 Cr | 603.17 Cr | - | 677.67 Cr | 706.52 Cr | 756.96 Cr |
| Gross Profit | - | - | - | - | - | - | - | 308.74 Cr | 333.66 Cr | 331.39 Cr | - | 392.66 Cr | 400.77 Cr | 395.40 Cr |
| Operating Expenses | 486.00 Cr | 517.00 Cr | 517.00 Cr | 546.00 Cr | 571.00 Cr | 616.00 Cr | 616.00 Cr | 137.04 Cr | 156.04 Cr | 144.18 Cr | - | 162.70 Cr | 166.84 Cr | 179.77 Cr |
| Operating Income | 175.00 Cr | 139.00 Cr | 175.00 Cr | 173.00 Cr | 162.00 Cr | 134.00 Cr | 183.00 Cr | 171.70 Cr | 177.62 Cr | 187.20 Cr | - | 229.95 Cr | 233.93 Cr | 215.63 Cr |
| EBITDA | 207.00 Cr | 167.00 Cr | 205.00 Cr | 207.00 Cr | 196.00 Cr | 166.00 Cr | 216.00 Cr | 228.06 Cr | 250.50 Cr | 234.65 Cr | - | 306.33 Cr | 313.35 Cr | 283.10 Cr |
| Interest Expense | 6.00 Cr | 6.00 Cr | 6.00 Cr | 6.00 Cr | 6.00 Cr | 8.00 Cr | 8.00 Cr | 8.28 Cr | 10.78 Cr | 9.69 Cr | - | 9.91 Cr | 11.74 Cr | 14.88 Cr |
| Pretax Income | 174.00 Cr | 141.00 Cr | 182.00 Cr | 187.00 Cr | 179.00 Cr | 148.00 Cr | 188.00 Cr | 184.00 Cr | 198.76 Cr | 188.06 Cr | - | 250.12 Cr | 251.95 Cr | 218.61 Cr |
| Tax Provision | 41.76 Cr | 33.84 Cr | 45.50 Cr | 48.62 Cr | 50.12 Cr | 35.52 Cr | 48.88 Cr | 46.80 Cr | 46.24 Cr | 46.51 Cr | - | 58.31 Cr | 62.30 Cr | 54.37 Cr |
| Net Income | 132.00 Cr | 107.00 Cr | 136.00 Cr | 139.00 Cr | 130.00 Cr | 112.00 Cr | 140.00 Cr | 137.07 Cr | 152.16 Cr | 141.68 Cr | - | 191.98 Cr | 189.36 Cr | 164.34 Cr |
| Diluted EPS | 13.51 | 10.84 | 13.86 | 14.13 | 13.31 | 11.38 | 14.72 | - | - | 14.82 | 19.05 | 19.89 | 20.04 | 17.61 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 942.00 Cr | 1,314.00 Cr | 1,330.00 Cr | 1,365.00 Cr | 1,431.00 Cr | 1,438.00 Cr | 1,564.00 Cr | - | 2,648.71 Cr | 2,925.54 Cr | 3,365.86 Cr | 4,117.03 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,555.49 Cr | 1,804.20 Cr | 2,147.19 Cr | 2,617.31 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,093.22 Cr | 1,121.34 Cr | 1,218.68 Cr | 1,499.71 Cr |
| Operating Expenses | 626.00 Cr | 833.00 Cr | 869.00 Cr | 998.00 Cr | 1,122.00 Cr | 1,111.00 Cr | 1,115.00 Cr | - | 481.52 Cr | 546.28 Cr | 551.78 Cr | 623.64 Cr |
| Operating Income | 266.00 Cr | 425.00 Cr | 409.00 Cr | 320.00 Cr | 264.00 Cr | 255.00 Cr | 368.00 Cr | - | 611.70 Cr | 649.02 Cr | 666.89 Cr | 876.08 Cr |
| EBITDA | 316.00 Cr | 482.00 Cr | 461.00 Cr | 368.00 Cr | 309.00 Cr | 326.00 Cr | 450.00 Cr | - | 788.17 Cr | 861.09 Cr | 894.61 Cr | 1,152.62 Cr |
| Interest Expense | 1.00 Cr | 1.00 Cr | 2.00 Cr | 1.00 Cr | 1.00 Cr | 20.00 Cr | 21.00 Cr | - | 21.16 Cr | 23.48 Cr | 34.89 Cr | 42.14 Cr |
| Pretax Income | 298.00 Cr | 460.00 Cr | 436.00 Cr | 380.00 Cr | 311.00 Cr | 281.00 Cr | 381.00 Cr | - | 652.99 Cr | 689.34 Cr | 718.53 Cr | 935.12 Cr |
| Tax Provision | 68.54 Cr | 119.60 Cr | 82.84 Cr | 91.20 Cr | 83.97 Cr | 73.06 Cr | 99.06 Cr | - | 163.81 Cr | 177.60 Cr | 177.27 Cr | 228.66 Cr |
| Net Income | 230.00 Cr | 342.00 Cr | 354.00 Cr | 290.00 Cr | 228.00 Cr | 209.00 Cr | 283.00 Cr | - | 488.82 Cr | 511.46 Cr | 541.09 Cr | 706.21 Cr |
| Diluted EPS | 18.90 | 27.90 | 29.65 | 25.00 | 19.66 | 18.83 | 26.99 | - | 48.58 | 52.19 | 56.04 | 74.42 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 957.00 Cr | 1,288.00 Cr | 1,398.00 Cr | 1,419.00 Cr | 1,584.00 Cr | 1,723.00 Cr | 1,991.00 Cr | - | 2,287.74 Cr | 2,916.04 Cr | 3,145.67 Cr | 3,697.02 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 1,371.41 Cr | 1,934.61 Cr | 2,008.38 Cr | 2,406.32 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 417.98 Cr | 353.93 Cr | 541.70 Cr | 696.77 Cr |
| Inventory | - | - | - | - | - | - | - | - | 45.40 L | 64.50 L | 22.70 L | 62.40 L |
| Receivables | - | - | - | - | - | - | - | - | 440.49 Cr | 496.00 Cr | 495.42 Cr | 666.45 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 571.19 Cr | 666.57 Cr | 837.71 Cr | 1,132.78 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 350.24 Cr | 363.47 Cr | 440.72 Cr | 706.78 Cr |
| Long Term Debt | - | - | - | - | - | - | - | 5.00 L | 67.70 L | 0 | - | - |
| Total Debt | 0 | 4.00 Cr | 1.00 Cr | 6.00 Cr | 2.00 Cr | 157.00 Cr | 175.00 Cr | - | 193.56 Cr | 265.74 Cr | 358.13 Cr | 384.95 Cr |
| Total Equity | 715.00 Cr | 1,093.00 Cr | 1,216.00 Cr | 1,205.00 Cr | 1,382.00 Cr | 1,306.00 Cr | 1,501.00 Cr | - | 1,714.87 Cr | 2,247.50 Cr | 2,305.76 Cr | 2,561.40 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 9.81 Cr | 9.81 Cr | 9.53 Cr | 9.41 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 243.00 Cr | 418.00 Cr | 312.00 Cr | 305.00 Cr | 206.00 Cr | 333.00 Cr | 365.00 Cr | - | 492.57 Cr | 525.89 Cr | 654.62 Cr | 873.47 Cr |
| Investing Cash Flow | -62.00 Cr | -167.00 Cr | -175.00 Cr | 26.00 Cr | -230.00 Cr | 24.00 Cr | -2.00 Cr | - | -84.38 Cr | -487.38 Cr | 130.50 Cr | -140.82 Cr |
| Financing Cash Flow | -115.00 Cr | -165.00 Cr | -245.00 Cr | -304.00 Cr | -54.00 Cr | -308.00 Cr | -188.00 Cr | - | -440.09 Cr | -106.51 Cr | -609.60 Cr | -621.57 Cr |
| Capital Expenditure | -61.00 Cr | -52.00 Cr | -29.00 Cr | -41.00 Cr | -52.00 Cr | -34.00 Cr | -39.00 Cr | - | -90.76 Cr | -67.39 Cr | -121.47 Cr | -119.12 Cr |
| Free Cash Flow | 182.00 Cr | 366.00 Cr | 283.00 Cr | 264.00 Cr | 154.00 Cr | 299.00 Cr | 326.00 Cr | - | 401.81 Cr | 458.50 Cr | 533.14 Cr | 754.34 Cr |
| Net Change in Cash | 66.00 Cr | 86.00 Cr | -108.00 Cr | 28.00 Cr | -77.00 Cr | 49.00 Cr | 174.00 Cr | - | -31.89 Cr | -67.99 Cr | 175.52 Cr | 111.08 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 41.3% | 38.3% | 36.2% | 36.4% |
| Operating Margin % | 28.2% | 32.3% | 30.8% | 23.4% | 18.4% | 17.7% | 23.5% | - | 23.1% | 22.2% | 19.8% | 21.3% |
| Net Margin % | 24.4% | 26.0% | 26.6% | 21.2% | 15.9% | 14.5% | 18.1% | - | 18.5% | 17.5% | 16.1% | 17.2% |
| ROE % | 32.2% | 31.3% | 29.1% | 24.1% | 16.5% | 16.0% | 18.9% | - | 28.5% | 22.8% | 23.5% | 27.6% |
| ROCE % | - | - | - | - | - | - | - | - | 31.6% | 25.4% | 24.7% | 29.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ECLERX
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Earnings call transcript: eClerx misses Q1 2026 EPS as shares slip 2.4% - Investing.com
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ECLERX — Frequently Asked Questions
What is the current share price of eClerx Services Limited (ECLERX)?
As of 2026-10-24 04:55 IST, eClerx Services Limited (ECLERX) trades at ₹1,930.30 on NSE. Its 52-week range is ₹1,324.17 to ₹2,472.13.
What is the market capitalisation of ECLERX?
eClerx Services Limited (ECLERX) has a market capitalisation of ₹17,763.64 Cr on NSE.
What is the P/E ratio of ECLERX?
ECLERX trades at a trailing price-to-earnings (P/E) ratio of 25.20. The industry average P/E is 24.31. Its price-to-book (P/B) ratio is 6.74.
Does ECLERX pay a dividend?
eClerx Services Limited (ECLERX) currently offers a dividend yield of 0.05%.
What is the return on equity (ROE) of ECLERX?
ECLERX has a return on equity (ROE) of 27.57%. Its return on capital employed (ROCE) is 32.68%.
Is ECLERX a good stock to buy?
This page provides a data-driven analysis of eClerx Services Limited (ECLERX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.