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eClerx Services Limited ECLERX NIFTY_SMALLNSEAITECH

Technology · Information Technology Services · India
https://eclerx.com
Company Profile ↓
₹1,694.50
-0.60% 1Y
Mkt Cap₹15,936.89 Cr
P/E22.77
P/B6.01
Div. Yield0.03%
52W High₹2,473.50
52W Low₹1,324.90
Book Value₹272.34
EPS (TTM)₹74.42

Company Overview

eClerx Services Limited provides business process management, change management, data-driven insights, and advanced analytics services in India, the United States, the United Kingdom, Europe, and the Asia Pacific. It offers omnichannel customer support services, customer care journey mapping and insights, automated quality monitoring, workforce management, and field technical operations; digital marketing services, including omnichannel campaigns, creative production, MarTech enablement, search and media operations, and content and commerce services; and creative and content productions, such as photo/video, post-production, 3D CGI, VR/AR, digital workflows, and omnichannel delivery. The company also provides market intelligence services which include digital shelf analytics, competitor intelligence, pricing intelligence, assortment optimization, product launch, revenue and yield management, and bid management; anti-money laundering, anti-bribery and compliance, fraud detection and prevention, know your customer, compliance monitoring and audits, and regulatory reporting; and customer, marketing, sales, and operations analytics, as well as business intelligence and data visualization, and enterprise data management. In addition, it offers trade support, client lifecycle, asset servicing, settlements and clearing, and data management; and finance and accounting outsourcing services which comprise automation, procure to pay, order to cash, record to report, and specialty finance, accounting, and FP&A. Further, it provides technology services consisting of digital transformation, strategic managed, application development, and partner ecosystem 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

Strong Return on Equity

Generates a return on equity of 27.6%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 32.7%.

Consistent Profit Growth

Net profit has compounded at 13.0% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 15.8% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 22.8, below the sector median of 27.7.

Healthy Margins

Maintains a net profit margin of 17.2%.

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 +22.3%, earnings +30.5%.
  • 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:22.32%

Compounded Profit Growth

5 Years:13.05%
1 Year:30.52%

Stock Price Performance

1 Year:-0.60%
6 Months:-26.27%
3 Months:+3.89%
1 Month:+17.99%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI BPM / AI in Knowledge Services
Core Focus

eClerx uses AI/ML for capital markets ops, ad-tech analytics and customer ops automation. Acquired Personiv (US AI).

Key Initiatives
  • 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.
Why Investors Should Care
  • 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.
AI InvestmentAI talent + tools; CoE in Mumbai.
AI RevenueRevenue ~₹3,200 Cr.
ROI (Now)EBITDA margin ~30%; ROE ~28%.
ROI (Expected)AI-led BPM expected to sustain low-double-digit growth.

Curated from public filings and analyst commentary; figures are illustrative.

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Price Chart

NSE TradingView

Fundamental Growth Charts

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.

CONS

  • Trading 31.5% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
22.77
Industry PE
27.67
Forward P/E
17.22
PEG Ratio
-
Book Value
₹272.34
Price to Book
6.01
P/S
3.72
EV/EBITDA
14.01
Dividend Yield
0.03%

Growth (CAGR)

Revenue 5Y
15.84%
Profit 5Y
13.05%
Revenue (YoY)
22.32%
Earnings (YoY)
30.52%

Profitability & Returns

ROCE
32.68%
ROE
27.57%
ROA
19.10%
Profit Margin
17.15%
Op Margin
21.28%
Gross Margin
36.43%
EPS (Latest Qtr)
₹20.04
EPS (TTM)
₹74.42

Balance Sheet & Liquidity

Debt/Equity
0.15
Quick Ratio
3.40
Current Ratio
3.40
Debt
₹384.95 Cr
Total Assets
₹3,697.02 Cr
Current Assets
₹2,406.32 Cr
Working Capital
₹1,699.55 Cr

Ownership

Promoter Holding
58.01%
Chg in Prom Hold
-0.02%
FII / Inst Holding
32.23%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
₹15,936.89 Cr
Total Revenue (TTM)
₹4,117.03 Cr
EBITDA
₹1,152.62 Cr
Free Cash Flow
₹754.34 Cr
Operating Cash Flow
₹873.47 Cr
Shares Outstanding
₹9.41 Cr
Gross Margin
36.43%
Payout Ratio
0.67%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ECLERX eClerx Services Limited NIFTY_SMALLNSEAITECH 1,694.50 22.77 ₹15,936.89 Cr 0.03% 32.68% 27.57% 15.84% 13.05%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 693.00 Cr684.00 Cr722.00 Cr753.00 Cr767.00 Cr782.00 Cr832.00 Cr853.82 Cr898.29 Cr934.56 Cr-1,070.33 Cr1,107.29 Cr
Cost of Revenue -------545.08 Cr564.62 Cr603.17 Cr-677.67 Cr706.52 Cr
Gross Profit -------308.74 Cr333.66 Cr331.39 Cr-392.66 Cr400.77 Cr
Operating Expenses 486.00 Cr517.00 Cr517.00 Cr546.00 Cr571.00 Cr616.00 Cr616.00 Cr137.04 Cr156.04 Cr147.75 Cr-162.70 Cr166.84 Cr
Operating Income 175.00 Cr139.00 Cr175.00 Cr173.00 Cr162.00 Cr134.00 Cr183.00 Cr171.70 Cr177.62 Cr183.64 Cr-229.95 Cr233.93 Cr
EBITDA 207.00 Cr167.00 Cr205.00 Cr207.00 Cr196.00 Cr166.00 Cr216.00 Cr228.06 Cr250.50 Cr234.65 Cr-306.33 Cr313.35 Cr
Interest Expense 6.00 Cr6.00 Cr6.00 Cr6.00 Cr6.00 Cr8.00 Cr8.00 Cr8.28 Cr10.78 Cr9.69 Cr-9.91 Cr11.74 Cr
Pretax Income 174.00 Cr141.00 Cr182.00 Cr187.00 Cr179.00 Cr148.00 Cr188.00 Cr184.00 Cr198.76 Cr188.06 Cr-250.12 Cr251.95 Cr
Tax Provision 41.76 Cr33.84 Cr45.50 Cr48.62 Cr50.12 Cr35.52 Cr48.88 Cr46.80 Cr46.24 Cr46.51 Cr-58.31 Cr62.30 Cr
Net Income 132.00 Cr107.00 Cr136.00 Cr139.00 Cr130.00 Cr112.00 Cr140.00 Cr137.07 Cr152.16 Cr141.68 Cr-191.98 Cr189.36 Cr
Diluted EPS 13.5110.8413.8614.1313.3111.3814.72-15.9014.8219.0519.8920.04

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 942.00 Cr1,314.00 Cr1,330.00 Cr1,365.00 Cr1,431.00 Cr1,438.00 Cr1,564.00 Cr-2,648.71 Cr2,925.54 Cr3,365.86 Cr4,117.03 Cr
Cost of Revenue --------1,555.49 Cr1,719.71 Cr2,147.19 Cr2,617.31 Cr
Gross Profit --------1,093.22 Cr1,205.84 Cr1,218.68 Cr1,499.71 Cr
Operating Expenses 626.00 Cr833.00 Cr869.00 Cr998.00 Cr1,122.00 Cr1,111.00 Cr1,115.00 Cr-481.52 Cr546.28 Cr551.78 Cr623.64 Cr
Operating Income 266.00 Cr425.00 Cr409.00 Cr320.00 Cr264.00 Cr255.00 Cr368.00 Cr-611.70 Cr659.55 Cr666.89 Cr876.08 Cr
EBITDA 316.00 Cr482.00 Cr461.00 Cr368.00 Cr309.00 Cr326.00 Cr450.00 Cr-788.17 Cr861.09 Cr894.61 Cr1,152.62 Cr
Interest Expense 1.00 Cr1.00 Cr2.00 Cr1.00 Cr1.00 Cr20.00 Cr21.00 Cr-21.16 Cr23.48 Cr34.89 Cr42.14 Cr
Pretax Income 298.00 Cr460.00 Cr436.00 Cr380.00 Cr311.00 Cr281.00 Cr381.00 Cr-652.99 Cr689.34 Cr718.53 Cr935.12 Cr
Tax Provision 68.54 Cr119.60 Cr82.84 Cr91.20 Cr83.97 Cr73.06 Cr99.06 Cr-163.81 Cr177.60 Cr177.27 Cr228.66 Cr
Net Income 230.00 Cr342.00 Cr354.00 Cr290.00 Cr228.00 Cr209.00 Cr283.00 Cr-488.82 Cr511.46 Cr541.09 Cr706.21 Cr
Diluted EPS 18.9027.9029.6525.0019.6618.8326.99-48.5852.1956.0474.42

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 957.00 Cr1,288.00 Cr1,398.00 Cr1,419.00 Cr1,584.00 Cr1,723.00 Cr1,991.00 Cr-2,287.74 Cr2,916.04 Cr3,145.67 Cr3,697.02 Cr
Current Assets --------1,371.41 Cr1,934.61 Cr2,008.38 Cr2,406.32 Cr
Cash & Equivalents --------417.98 Cr353.93 Cr541.67 Cr696.77 Cr
Inventory --------45.40 L64.50 L22.70 L62.40 L
Receivables --------440.49 Cr496.00 Cr495.42 Cr666.45 Cr
Total Liabilities --------571.19 Cr666.57 Cr837.71 Cr1,132.78 Cr
Current Liabilities --------350.24 Cr363.47 Cr440.72 Cr706.78 Cr
Long Term Debt -------5.00 L67.70 L0--
Total Debt 04.00 Cr1.00 Cr6.00 Cr2.00 Cr157.00 Cr175.00 Cr-193.56 Cr265.74 Cr358.13 Cr384.95 Cr
Total Equity 715.00 Cr1,093.00 Cr1,216.00 Cr1,205.00 Cr1,382.00 Cr1,306.00 Cr1,501.00 Cr-1,714.87 Cr2,247.50 Cr2,305.76 Cr2,561.40 Cr
Shares Outstanding --------9.81 Cr9.81 Cr9.53 Cr9.41 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 243.00 Cr418.00 Cr312.00 Cr305.00 Cr206.00 Cr333.00 Cr365.00 Cr-492.57 Cr525.89 Cr654.62 Cr873.47 Cr
Investing Cash Flow -62.00 Cr-167.00 Cr-175.00 Cr26.00 Cr-230.00 Cr24.00 Cr-2.00 Cr--84.38 Cr-487.38 Cr130.50 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 Cr366.00 Cr283.00 Cr264.00 Cr154.00 Cr299.00 Cr326.00 Cr-401.81 Cr458.50 Cr533.14 Cr754.34 Cr
Net Change in Cash 66.00 Cr86.00 Cr-108.00 Cr28.00 Cr-77.00 Cr49.00 Cr174.00 Cr--31.89 Cr-67.99 Cr175.52 Cr111.08 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------41.3%41.2%36.2%36.4%
Operating Margin % 28.2%32.3%30.8%23.4%18.4%17.7%23.5%-23.1%22.5%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%25.8%24.7%29.3%

Shareholding Pattern

Insiders
58.01%
Institutions
32.23%
Public Float
76.76%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for ECLERX

Google News Fri, 26 Jun 2026

ECLERX Forecast — Price Target — Prediction for 2027 - TradingView

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Google News ue, 14 Jul 2026

Zensar, eClerx among 5 small-cap stock picks with up to 14% upside: Analyst - Business Standard

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Google News ue, 14 Jul 2026

eClerx Services Ltd appoints Hoshi Mistry as Principal – Customer Experience - scanx.trade

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Google News ue, 14 Jul 2026

Naukri, Zensar Technologies and Eclerx Services share price soars over 20% in July; here is why - Upstox

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Google News Sat, 16 May 2026

eClerx Services Limited (NSE:ECLERX) Just Reported Earnings, And Analysts Cut Their Target Price - simplywall.st

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Google News Fri, 13 Mar 2026

Bonus issue alert: Why you should ignore the 50% plunge in eClerx Services shares - The Economic Times

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ECLERX — Frequently Asked Questions

What is the current share price of eClerx Services Limited (ECLERX)?

As of 2026-07-15 09:52 IST, eClerx Services Limited (ECLERX) trades at ₹1,694.50 on NSE. Its 52-week range is ₹1,324.90 to ₹2,473.50.

What is the market capitalisation of ECLERX?

eClerx Services Limited (ECLERX) has a market capitalisation of ₹15,936.89 Cr on NSE.

What is the P/E ratio of ECLERX?

ECLERX trades at a trailing price-to-earnings (P/E) ratio of 22.77. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 6.01.

Does ECLERX pay a dividend?

eClerx Services Limited (ECLERX) currently offers a dividend yield of 0.03%.

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.

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