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eClerx Services Limited ECLERX NIFTY_SMALLNSEAITECH

Technology · Information Technology Services · India
https://eclerx.com

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.

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₹1,507.80
-14.05% 1Y

Market & Price

Market Cap
₹14,051.21 Cr
Current Price
₹1,507.80
High / Low (52W)
₹2,473.50 / ₹1,387.20
Beta
0.37

Valuation

Stock P/E
20.24
Industry PE
25.13
Forward P/E
15.32
PEG Ratio
-
Book Value
₹276.88
Price to Book
5.45
P/S
3.41
EV/EBITDA
12.65
Dividend Yield
0.03%

Profitability & Returns

ROCE
32.68%
ROE
29.00%
ROA
16.00%
Profit Margin
17.15%
Op Margin
21.13%
EPS (Latest Qtr)
₹20.04
EPS (TTM)
₹74.49

Balance Sheet & Liquidity

Debt/Equity
0.15
Quick Ratio
2.91
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
57.90%
Chg in Prom Hold
-0.04%
FII / Inst Holding
31.43%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹13,297.96 Cr
Total Revenue (TTM)
₹4,117.03 Cr
EBITDA
₹1,051.44 Cr
Free Cash Flow
₹488.99 Cr
Operating Cash Flow
₹873.47 Cr
Shares Outstanding
₹9.32 Cr
Gross Margin
36.43%
Payout Ratio
0.67%

Growth (CAGR)

Revenue 5Y
15.84%
Profit 5Y
13.05%
Revenue (YoY)
23.30%
Earnings (YoY)
26.00%

PROS

  • Strong return on equity of 29.0%.
  • 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 39.0% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

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

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

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 1,507.80 20.24 ₹14,051.21 Cr 0.03% 32.68% 29.00% 15.84% 13.05%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,258.90 16.61 ₹8.17 L Cr 5.49% 54.93% 48.40% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,160.90 15.01 ₹4.70 L Cr 4.31% 41.66% 31.44% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,183.80 19.31 ₹3.20 L Cr 8.11% 27.21% 23.36% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 204.25 16.26 ₹2.14 L Cr 8.32% 18.42% 15.49% 4.05% 2.44%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,483.90 27.40 ₹1.31 L Cr 3.44% 20.60% 16.61% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,061.60 24.04 ₹1.20 L Cr 1.85% 25.39% 21.29% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,523.90 61.35 ₹1.03 L Cr - 27.64% 24.72% 0.98% -
9 WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH 3,140.80 27.70 ₹90,345.53 Cr 0.13% 24.21% 31.57% 71.63% 191.18%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 853.82 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 137.04 Cr156.04 Cr147.75 Cr-162.70 Cr166.84 Cr
Operating Income 171.70 Cr177.62 Cr183.64 Cr-229.95 Cr233.93 Cr
EBITDA 228.06 Cr250.50 Cr234.65 Cr-306.33 Cr313.35 Cr
Interest Expense 8.28 Cr10.78 Cr9.69 Cr-9.91 Cr11.74 Cr
Pretax Income 184.00 Cr198.76 Cr188.06 Cr-250.12 Cr251.95 Cr
Tax Provision 46.80 Cr46.24 Cr46.51 Cr-58.31 Cr62.30 Cr
Net Income 137.07 Cr152.16 Cr141.68 Cr-191.98 Cr189.36 Cr
Diluted EPS -15.9014.8219.0519.8920.04

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -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 -481.52 Cr546.28 Cr551.78 Cr623.64 Cr
Operating Income -611.70 Cr659.55 Cr666.89 Cr876.08 Cr
EBITDA -788.17 Cr861.09 Cr894.61 Cr1,152.62 Cr
Interest Expense -21.16 Cr23.48 Cr34.89 Cr42.14 Cr
Pretax Income -652.99 Cr689.34 Cr718.53 Cr935.12 Cr
Tax Provision -163.81 Cr177.60 Cr177.27 Cr228.66 Cr
Net Income -488.82 Cr511.46 Cr541.09 Cr706.21 Cr
Diluted EPS -48.5852.1956.0474.42

Compounded Sales Growth

5 Years:15.84%
1 Year:23.30%

Compounded Profit Growth

5 Years:13.05%
1 Year:26.00%

Stock Price Performance

1 Year:-14.05%
6 Months:-33.27%
3 Months:-13.16%
1 Month:+6.47%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -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 -193.56 Cr265.74 Cr358.13 Cr384.95 Cr
Total Equity -1,714.87 Cr2,247.50 Cr2,305.76 Cr2,561.40 Cr
Shares Outstanding -9.81 Cr9.81 Cr9.53 Cr9.32 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -492.57 Cr525.89 Cr654.62 Cr873.47 Cr
Investing Cash Flow --84.38 Cr-487.38 Cr130.50 Cr-140.82 Cr
Financing Cash Flow --440.09 Cr-106.51 Cr-609.60 Cr-621.57 Cr
Capital Expenditure --90.76 Cr-67.39 Cr-121.47 Cr-119.12 Cr
Free Cash Flow -401.81 Cr458.50 Cr533.14 Cr754.34 Cr
Net Change in Cash --31.89 Cr-67.99 Cr175.52 Cr111.08 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -41.3%41.2%36.2%36.4%
Operating Margin % -23.1%22.5%19.8%21.3%
Net Margin % -18.5%17.5%16.1%17.2%
ROE % -28.5%22.8%23.5%27.6%
ROCE % -31.6%25.8%24.7%29.3%

Shareholding Pattern

Insiders
57.90%
Institutions
31.43%
Public Float
74.65%

Analyst View

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