eClerx Services Ltd
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]
- Market Cap ₹ 21,544 Cr.
- Current Price ₹ 4,394
- High / Low ₹ 4,640 / 2,116
- Stock P/E 37.7
- Book Value ₹ 470
- Dividend Yield 0.02 %
- ROCE 28.0 %
- ROE 22.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
Cons
- Stock is trading at 9.34 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
841 | 942 | 1,314 | 1,330 | 1,365 | 1,431 | 1,438 | 1,564 | 2,160 | 2,648 | 2,926 | 3,366 | 3,519 | |
486 | 626 | 833 | 869 | 998 | 1,122 | 1,111 | 1,115 | 1,498 | 1,925 | 2,150 | 2,557 | 2,656 | |
Operating Profit | 355 | 316 | 482 | 461 | 368 | 309 | 326 | 450 | 662 | 723 | 776 | 809 | 862 |
OPM % | 42% | 34% | 37% | 35% | 27% | 22% | 23% | 29% | 31% | 27% | 27% | 24% | 25% |
11 | 32 | 36 | 28 | 61 | 49 | 45 | 34 | 24 | 66 | 64 | 87 | 80 | |
Interest | 1 | 1 | 1 | 2 | 1 | 1 | 20 | 21 | 23 | 22 | 24 | 36 | 37 |
Depreciation | 33 | 50 | 57 | 52 | 48 | 45 | 71 | 82 | 103 | 114 | 126 | 141 | 146 |
Profit before tax | 332 | 298 | 460 | 436 | 380 | 311 | 281 | 381 | 560 | 653 | 689 | 719 | 759 |
Tax % | 23% | 23% | 26% | 19% | 24% | 27% | 26% | 26% | 25% | 25% | 26% | 25% | |
256 | 230 | 342 | 354 | 290 | 228 | 209 | 283 | 418 | 489 | 512 | 541 | 571 | |
EPS in Rs | 42.33 | 37.84 | 55.80 | 59.30 | 50.08 | 39.29 | 37.65 | 54.03 | 82.33 | 99.71 | 104.33 | 110.37 | 116.51 |
Dividend Payout % | 41% | 46% | 1% | 1% | 1% | 2% | 2% | 1% | 1% | 1% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 16% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 20% |
3 Years: | 8% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 53% |
3 Years: | 45% |
1 Year: | 63% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 25% |
3 Years: | 25% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30 | 30 | 41 | 40 | 38 | 38 | 36 | 34 | 33 | 48 | 48 | 47 |
Reserves | 559 | 685 | 1,052 | 1,176 | 1,167 | 1,344 | 1,270 | 1,467 | 1,534 | 1,667 | 2,199 | 2,259 |
0 | 0 | 4 | 1 | 6 | 2 | 157 | 175 | 163 | 194 | 266 | 358 | |
201 | 242 | 192 | 182 | 208 | 201 | 260 | 315 | 324 | 365 | 393 | 475 | |
Total Liabilities | 790 | 957 | 1,288 | 1,398 | 1,419 | 1,584 | 1,723 | 1,991 | 2,055 | 2,274 | 2,906 | 3,139 |
155 | 167 | 365 | 325 | 343 | 348 | 480 | 728 | 713 | 773 | 850 | 974 | |
CWIP | 1 | 1 | 0 | 2 | 0 | 0 | 1 | 0 | 2 | 21 | 1 | 0 |
Investments | 115 | 155 | 219 | 252 | 165 | 286 | 437 | 229 | 196 | 275 | 406 | 309 |
518 | 634 | 704 | 820 | 910 | 950 | 806 | 1,033 | 1,145 | 1,206 | 1,649 | 1,856 | |
Total Assets | 790 | 957 | 1,288 | 1,398 | 1,419 | 1,584 | 1,723 | 1,991 | 2,055 | 2,274 | 2,906 | 3,139 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
195 | 243 | 418 | 312 | 305 | 206 | 333 | 365 | 444 | 493 | 526 | 655 | |
-129 | -62 | -167 | -175 | 26 | -230 | 24 | -2 | 44 | -55 | -483 | 143 | |
-84 | -115 | -165 | -245 | -304 | -54 | -308 | -188 | -416 | -440 | -107 | -610 | |
Net Cash Flow | -17 | 66 | 86 | -108 | 28 | -77 | 49 | 174 | 71 | -2 | -64 | 188 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 49 | 52 | 59 | 62 | 62 | 60 | 68 | 56 | 61 | 88 | 86 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 43 | 49 | 52 | 59 | 62 | 62 | 60 | 68 | 56 | 61 | 88 | 86 |
Working Capital Days | 12 | 22 | 52 | 74 | 72 | 70 | 44 | 46 | 47 | 46 | 61 | 59 |
ROCE % | 65% | 46% | 51% | 38% | 30% | 24% | 21% | 24% | 34% | 36% | 32% | 28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - One-on-one investor meeting with Abakkus Asset Manager on Sep 16, 2025 in Mumbai; discussing company/industry developments.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Sep - Sept 11, 2025 one-on-one meeting with Kotak Securities in Mumbai; discussion on publicly available company/industry developments.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Sep - Investor meeting with Axis Capital at Consumer & Tech Conference, Mumbai on September 18, 2025 (group meet).
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Announcement under Regulation 30 (LODR)-Change in Management
10 Sep - M/s. Mehta & Mehta appointed secretarial auditors for five years (FY2025-26 to FY2029-30), approved at Sept 10, 2025 AGM.
Annual reports
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Financial Year 2025
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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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.