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eClerx Services Overview

EClerx Services Ltd is an primarily India-based organisation, that is engaged in presenting vital commercial enterprise operations services to global clients, which includes financial offerings businesses, cable and telecommunications, retail, style, media and leisure, production, tour and enjoyment, software program, and high-tech. The Company gives business procedure control, change control, data-driven insights, superior analytics and smart automation. The Company operates thru 3 divisions: eClerx Customer Operations, eClerx Digital and eCle...Read More

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eClerx Services Key Financials

Market Cap ₹18989 Cr.

Stock P/E 35.1

P/B 6.7

Current Price ₹3985

Book Value ₹ 591.1

Face Value 10

52W High ₹4995

Dividend Yield 0.03%

52W Low ₹ 2116

eClerx Services Share Price

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Volume
Price

eClerx Services Quarterly Price

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eClerx Services Peer Comparison

eClerx Services Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 722 753 767 782 832 854 898 935 1005 1070
Other Income 14 21 23 21 13 21 32 14 27 30
Total Income 736 774 790 803 845 874 930 949 1032 1100
Total Expenditure 517 546 571 616 616 646 680 714 734 794
Operating Profit 219 228 219 187 229 228 251 235 298 306
Interest 6 6 6 8 8 8 11 10 11 10
Depreciation 30 34 34 32 33 36 41 37 43 46
Exceptional Income / Expenses 0 -2 0 0 0 0 0 0 0 0
Profit Before Tax 182 187 179 148 188 184 199 188 245 250
Provision for Tax 46 48 50 36 48 47 46 47 62 58
Profit After Tax 136 139 130 112 139 137 153 142 183 192
Adjustments -0 -0 1 -0 1 -0 -0 0 -0 0
Profit After Adjustments 136 139 131 112 140 137 152 142 183 192
Adjusted Earnings Per Share 28.2 28.7 27.1 23.1 29.9 29.2 32.4 30.2 39 41

eClerx Services Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 942 1314 1330 1365 1431 1438 1564 2160 2648 2926 3366 3908
Other Income 32 37 28 40 49 47 34 25 66 66 87 103
Total Income 975 1351 1358 1405 1479 1484 1599 2185 2714 2991 3452 4011
Total Expenditure 626 833 869 998 1122 1113 1115 1499 1925 2150 2557 2922
Operating Profit 349 518 489 408 357 372 484 686 789 841 896 1090
Interest 1 1 2 1 1 20 21 23 22 24 36 42
Depreciation 50 57 52 48 45 71 82 103 114 126 141 167
Exceptional Income / Expenses 0 0 0 21 0 0 0 0 0 -2 0 0
Profit Before Tax 298 460 436 380 311 281 381 560 653 689 719 882
Provision for Tax 68 118 82 90 83 72 98 143 164 178 177 213
Profit After Tax 230 342 354 290 228 209 283 418 489 512 541 670
Adjustments 0 -0 0 0 -0 0 -0 -0 -0 -0 -0 0
Profit After Adjustments 230 341 354 290 228 209 283 417 489 511 541 669
Adjusted Earnings Per Share 37.8 55.8 59.4 50.7 40.3 38.6 55.4 84.1 101.8 106 115.2 142.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 16% 19% 14%
Operating Profit CAGR 7% 9% 19% 10%
PAT CAGR 6% 9% 21% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 27% 39% 44% 16%
ROE Average 24% 27% 26% 26%
ROCE Average 33% 37% 35% 35%

eClerx Services Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 715 1093 1215 1205 1381 1306 1501 1568 1715 2248 2306
Minority's Interest 0 1 0 1 1 1 1 1 2 2 2
Borrowings 0 4 1 1 1 0 0 0 1 0 0
Other Non-Current Liabilities 16 51 46 50 46 160 186 161 166 244 324
Total Current Liabilities 221 141 136 163 148 230 286 302 350 363 441
Total Liabilities 952 1288 1398 1419 1577 1698 1974 2032 2234 2857 3073
Fixed Assets 167 365 325 343 348 480 728 713 773 850 974
Other Non-Current Assets 66 49 61 38 69 43 43 49 90 72 91
Total Current Assets 719 874 1012 1037 1160 1175 1203 1270 1371 1935 2008
Total Assets 952 1288 1398 1419 1577 1698 1974 2032 2234 2857 3073

eClerx Services Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 132 198 283 175 203 126 175 349 420 418 354
Cash Flow from Operating Activities 243 418 312 305 206 333 365 444 493 526 655
Cash Flow from Investing Activities -62 -165 -170 17 -231 18 -5 38 -84 -488 131
Cash Flow from Financing Activities -115 -165 -245 -304 -54 -308 -188 -416 -440 -107 -610
Net Cash Inflow / Outflow 65 88 -102 18 -79 43 172 66 -32 -68 176
Closing Cash & Cash Equivalent 198 283 175 203 126 175 349 420 418 354 542

eClerx Services Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 37.84 55.81 59.44 50.69 40.27 38.59 55.39 84.07 101.77 106.04 115.22
CEPS(Rs) 46.08 65.1 68.11 59.11 48.16 51.68 71.44 104.93 125.58 132.17 145.33
DPS(Rs) 17.5 0.67 0.67 0.67 0.67 0.67 0.67 0.67 1 1 1
Book NAV/Share(Rs) 117.66 175.69 201.51 207.26 239.95 237.8 291.38 313.6 353.85 459.6 477.21
Core EBITDA Margin(%) 33.56 36.59 34.66 26.92 21.59 22.6 28.71 30.64 27.31 26.52 24.04
EBIT Margin(%) 31.69 35.1 32.89 27.89 21.86 20.92 25.7 27 25.5 24.4 22.42
Pre Tax Margin(%) 31.62 35.02 32.77 27.8 21.77 19.51 24.33 25.94 24.66 23.56 21.35
PAT Margin (%) 24.38 26 26.61 21.24 15.96 14.54 18.08 19.34 18.47 17.49 16.08
Cash Profit Margin (%) 29.69 30.3 30.51 24.77 19.08 19.47 23.29 24.11 22.78 21.79 20.28
ROA(%) 26.4 30.51 26.35 20.58 15.24 12.76 15.41 20.86 22.94 20.11 18.26
ROE(%) 35.27 38.2 31.11 24.3 17.93 15.78 20.39 27.46 30.04 26.13 24.28
ROCE(%) 45.8 50.94 37.83 31.37 24.11 22.35 28.63 38.01 41.12 36.02 33.15
Receivable days 43.56 43.36 54.88 59.72 60.65 60.98 61.92 52.57 53.05 71.33 80.94
Inventory Days 0 0.13 0.1 0.09 0.1 0.08 0.07 0.07 0.07 0.07 0.05
Payable days 0 0 0 0 3253.96 0 0 0 0 0 0
PER(x) 21.01 15.5 15.77 15.83 19.06 6.33 13.29 18.81 12.68 22.21 24.11
Price/Book(x) 6.76 4.92 4.65 3.87 3.2 1.03 2.53 5.04 3.65 5.12 5.82
Dividend Yield(%) 2.2 0.08 0.07 0.08 0.09 0.27 0.09 0.04 0.08 0.04 0.04
EV/Net Sales(x) 4.82 3.78 3.93 3.04 2.73 0.69 2.09 3.41 2.18 3.65 3.66
EV/Core EBITDA(x) 13.02 9.59 10.68 10.19 10.92 2.66 6.75 10.72 7.31 12.68 13.74
Net Sales Growth(%) 12.02 39.51 1.2 2.63 4.8 0.49 8.83 38.09 22.57 10.49 15.05
EBIT Growth(%) -10.21 54.5 -5.19 -12.96 -17.85 -3.86 33.71 45.07 15.76 5.72 5.72
PAT Growth(%) -10.16 48.79 3.57 -18.08 -21.26 -8.47 35.34 47.71 17.1 4.61 5.77
EPS Growth(%) -10.68 47.52 6.49 -14.72 -20.55 -4.16 43.53 51.77 21.04 4.2 8.66
Debt/Equity(x) 0 0 0 0.01 0 0 0 0 0 0 0
Current Ratio(x) 3.25 6.21 7.43 6.37 7.84 5.1 4.21 4.21 3.92 5.32 4.56
Quick Ratio(x) 3.25 6.21 7.43 6.37 7.84 5.1 4.21 4.21 3.91 5.32 4.56
Interest Cover(x) 451.73 425.97 278.95 324.82 245.49 14.92 18.77 25.62 30.43 29.19 20.9
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

eClerx Services Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 53.61 53.61 53.61 53.61 53.81 53.81 53.81 53.81 53.81 53.81
FII 12.13 11.81 12.19 11.78 10.31 10.27 10.12 10.16 10.95 11.39
DII 21.66 22.92 22.76 22.51 24.04 24.21 25.14 26.06 25.74 25.33
Public 12.6 11.66 11.44 12.1 11.83 11.71 10.93 9.98 9.51 9.47
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

eClerx Services News

eClerx Services Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Company is almost debt free.

Cons

  • Stock is trading at 6.7 times its book value.
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