eClerx Services Ltd

eClerx Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

eClerx Services Ltd

₹ 1,584 -0.15%
26 May 12:10 p.m.
eclerx.com BSE: 532927 NSE: ECLERX
About

EClerx Services Ltd incorporated in 2000, provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and technology companies[1]

Key Points

Business Segments
1. Customer Operations: The company provides advanced analytics, automation, technical operations support, and digital care services. It helps its clients in improving sales and retention while reducing service costs.

Website BSE NSE
  • Market Cap ₹ 14,901 Cr.
  • Current Price ₹ 1,584
  • High / Low ₹ 2,498 / 1,375
  • Stock P/E 32.5
  • Book Value ₹ 129
  • Dividend Yield 0.03 %
  • ROCE 41.7 %
  • ROE 35.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
  • Debtor days have improved from 79.3 to 60.8 days.

Cons

  • Stock is trading at 12.4 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Commercial Services & Supplies Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)

Part of BSE 500 Nifty 500 Nifty500 Shariah BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
501 495 509 530 561 569 612 609 642 665 691 736 766
345 377 381 395 425 465 465 481 496 522 538 562 587
Operating Profit 156 119 127 136 136 104 148 127 146 143 153 174 179
OPM % 31% 24% 25% 26% 24% 18% 24% 21% 23% 21% 22% 24% 23%
6 6 10 14 15 14 10 13 27 10 26 26 28
Interest 4 5 5 5 5 7 7 7 9 8 8 7 8
Depreciation 17 14 15 17 18 18 19 21 24 20 24 25 26
Profit before tax 140 106 117 129 128 94 131 112 140 125 147 168 172
Tax % 24% 25% 26% 26% 26% 25% 26% 26% 23% 26% 25% 25% 25%
107 80 87 96 95 70 98 83 108 93 110 126 129
EPS in Rs 10.90 8.13 8.82 9.76 9.67 7.17 10.24 8.73 11.36 9.75 11.55 13.39 13.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
818 1,106 1,162 1,144 1,140 1,120 1,197 1,551 1,888 2,095 2,432 2,858
551 687 739 817 884 878 837 1,027 1,366 1,577 1,906 2,210
Operating Profit 267 419 423 327 255 242 361 525 523 518 525 649
OPM % 33% 38% 36% 29% 22% 22% 30% 34% 28% 25% 22% 23%
32 12 20 65 56 4 33 21 57 45 64 90
Interest 1 1 1 1 1 18 19 17 17 19 31 31
Depreciation 29 42 36 30 26 45 50 52 59 64 82 96
Profit before tax 270 389 405 361 284 183 324 477 504 480 476 612
Tax % 20% 24% 18% 23% 26% 33% 26% 26% 25% 26% 25% 25%
216 295 331 278 210 124 239 355 378 357 360 458
EPS in Rs 17.76 24.09 27.73 23.98 18.05 11.13 22.81 34.93 38.57 36.40 37.72 48.70
Dividend Payout % 49% 1% 1% 1% 2% 3% 1% 1% 1% 1% 1% 2%
Compounded Sales Growth
10 Years: 10%
5 Years: 19%
3 Years: 15%
TTM: 18%
Compounded Profit Growth
10 Years: 4%
5 Years: 16%
3 Years: 7%
TTM: 35%
Stock Price CAGR
10 Years: 13%
5 Years: 32%
3 Years: 27%
1 Year: -6%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 28%
Last Year: 36%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 30 41 40 39 39 37 34 33 48 48 47 92
Reserves 616 928 1,060 1,057 1,266 1,074 1,149 1,141 1,111 1,464 1,311 1,120
0 0 0 0 0 127 121 107 125 199 262 254
225 120 156 195 198 278 222 264 313 335 424 627
Total Liabilities 872 1,089 1,255 1,291 1,503 1,516 1,525 1,546 1,597 2,047 2,043 2,094
65 77 58 47 61 159 148 136 157 263 353 342
CWIP 1 0 1 0 0 0 0 2 20 1 0 0
Investments 247 462 485 403 520 674 713 683 676 799 667 569
558 550 711 841 923 683 664 724 743 984 1,023 1,182
Total Assets 872 1,089 1,255 1,291 1,503 1,516 1,525 1,546 1,597 2,047 2,043 2,094

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
199 381 328 294 161 291 248 355 355 367 434 471
-49 -232 -170 -11 -267 35 1 44 54 -354 216 43
-115 -114 -232 -256 1 -302 -173 -393 -419 -79 -587 -583
Net Cash Flow 35 35 -74 26 -106 24 76 7 -10 -67 63 -70
Free Cash Flow 148 338 309 276 122 269 219 317 300 327 350 412
CFO/OP 95% 113% 98% 117% 97% 144% 91% 93% 94% 95% 102% 96%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 51 49 53 54 60 56 59 56 62 89 88 61
Inventory Days
Days Payable
Cash Conversion Cycle 51 49 53 54 60 56 59 56 62 89 88 61
Working Capital Days 21 56 69 59 59 20 48 45 40 50 47 57
ROCE % 46% 51% 40% 31% 24% 20% 25% 38% 40% 33% 29% 42%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Top 10 Client Concentration
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Offshore Seat Count
Seats
Total Headcount
Count
Number of Clients >$1M Revenue
Count
Offshore Voluntary Attrition
%
Staff Utilization (Delivery)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

25 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.61% 53.61% 53.61% 53.61% 53.61% 53.81% 53.81% 53.81% 53.81% 53.81% 53.81% 54.53%
12.62% 12.13% 11.81% 12.19% 11.78% 10.31% 10.27% 10.12% 10.16% 10.95% 11.39% 11.82%
20.89% 21.64% 22.91% 22.75% 22.49% 24.02% 24.19% 25.12% 26.04% 25.72% 25.31% 23.95%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
11.14% 10.92% 10.04% 9.78% 10.68% 10.42% 10.38% 9.49% 8.59% 7.98% 7.67% 7.53%
1.72% 1.68% 1.63% 1.66% 1.43% 1.42% 1.33% 1.44% 1.39% 1.52% 1.80% 2.15%
No. of Shareholders 53,48449,71552,63949,1571,46,68058,04868,02569,42466,30065,92770,29667,142

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls