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Last Updated on: 12 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532927 | NSE: ECLERX

eClerx Services Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 9, 2025, 8:00 pm

Market Cap 13,693 Cr.
Current Price 2,793
High / Low 3,877/2,114
Stock P/E26.4
Book Value 418
Dividend Yield0.04 %
ROCE31.8 %
ROE25.4 %
Face Value 10.0
PEG Ratio1.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for eClerx Services Ltd

Competitors of eClerx Services Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
N2N Technologies Ltd 4.82 Cr. 14.9 33.0/14.2 16.80.00 %0.69 %0.63 % 10.0
eMudhra Ltd 6,992 Cr. 844 1,024/54585.5 83.30.15 %17.7 %14.4 % 5.00
BNR Udyog Ltd 18.5 Cr. 61.7 118/50.626.1 35.70.00 %63.6 %53.8 % 10.0
BGIL Films & Technologies Ltd 7.95 Cr. 7.02 10.3/3.28 16.90.00 %4.44 %3.46 % 10.0
Aurum Proptech Ltd 529 Cr. 181 265/126 97.20.00 %12.0 %27.1 % 5.00
Industry Average9,447.42 Cr650.8132.52188.990.45%17.89%16.59%7.60

All Competitor Stocks of eClerx Services Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 559592618650687693684722753767782832854
Expenses 387410474469496486517517546571616616646
Operating Profit 172182143181191207167205207196166216207
OPM % 31%31%23%28%28%30%24%28%28%26%21%26%24%
Other Income 41022211858141923211321
Interest 5555566666888
Depreciation 26282527303228303434323336
Profit before tax 145159135170173174141182187179148188184
Tax % 26%25%27%26%24%24%24%25%26%28%24%26%25%
Net Profit 107118100126131132107136139130112140137
EPS in Rs 21.0323.4219.5724.8225.8527.0421.6927.7328.2826.6222.7728.6127.96

Last Updated: March 3, 2025, 4:40 pm

Below is a detailed analysis of the quarterly data for eClerx Services Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹854.00 Cr.. The value appears strong and on an upward trend. It has increased from 832.00 Cr. (Sep 2024) to ₹854.00 Cr., marking an increase of ₹22.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹646.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 616.00 Cr. (Sep 2024) to ₹646.00 Cr., marking an increase of ₹30.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹207.00 Cr.. The value appears to be declining and may need further review. It has decreased from 216.00 Cr. (Sep 2024) to ₹207.00 Cr., marking a decrease of 9.00 Cr..
  • For OPM %, as of Dec 2024, the value is 24.00%. The value appears to be declining and may need further review. It has decreased from 26.00% (Sep 2024) to 24.00%, marking a decrease of 2.00%.
  • For Other Income, as of Dec 2024, the value is ₹21.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to ₹21.00 Cr., marking an increase of ₹8.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹8.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 8.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹36.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 33.00 Cr. (Sep 2024) to ₹36.00 Cr., marking an increase of ₹3.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹184.00 Cr.. The value appears to be declining and may need further review. It has decreased from 188.00 Cr. (Sep 2024) to ₹184.00 Cr., marking a decrease of 4.00 Cr..
  • For Tax %, as of Dec 2024, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2024) to 25.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2024, the value is ₹137.00 Cr.. The value appears to be declining and may need further review. It has decreased from 140.00 Cr. (Sep 2024) to ₹137.00 Cr., marking a decrease of 3.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 27.96. The value appears to be declining and may need further review. It has decreased from ₹28.61 (Sep 2024) to 27.96, marking a decrease of ₹0.65.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 8:45 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 6618419421,3141,3301,3651,4311,4381,5642,1602,6482,9263,234
Expenses 4064866268338699981,1221,1111,1151,4981,9252,1502,449
Operating Profit 255355316482461368309326450662723776785
OPM % 39%42%34%37%35%27%22%23%29%31%27%27%24%
Other Income -18113236286149453424666478
Interest -0111211202123222430
Depreciation 263350575248457182103114126134
Profit before tax 211332298460436380311281381560653689699
Tax % 19%23%23%26%19%24%27%26%26%25%25%26%
Net Profit 172256230342354290228209283418489512519
EPS in Rs 28.7442.3337.8455.8059.3050.0839.2937.6554.0382.3399.71104.33105.96
Dividend Payout % 44%41%46%1%1%1%2%2%1%1%1%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)48.84%-10.16%48.70%3.51%-18.08%-21.38%-8.33%35.41%47.70%16.99%4.70%
Change in YoY Net Profit Growth (%)0.00%-58.99%58.85%-45.19%-21.59%-3.30%13.05%43.74%12.30%-30.72%-12.28%

eClerx Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:15%
3 Years:23%
TTM:13%
Compounded Profit Growth
10 Years:7%
5 Years:17%
3 Years:24%
TTM:1%
Stock Price CAGR
10 Years:13%
5 Years:53%
3 Years:16%
1 Year:8%
Return on Equity
10 Years:25%
5 Years:24%
3 Years:27%
Last Year:25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:35 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 30303041403838363433484847
Reserves 4085596851,0521,1761,1671,3441,2701,4671,5341,6672,1992,001
Borrowings 0004162157175163194266290
Other Liabilities 163201242192182208201260315324365406366
Total Liabilities 6017909571,2881,3981,4191,5841,7231,9912,0552,2742,9192,704
Fixed Assets 135155167365325343348480728713773843863
CWIP 111020010221120
Investments 35115155219252165286437229196275406318
Other Assets 4305186347048209109508061,0331,1451,2061,6691,503
Total Assets 6017909571,2881,3981,4191,5841,7231,9912,0552,2742,9192,704

Below is a detailed analysis of the balance sheet data for eClerx Services Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹47.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹48.00 Cr. (Mar 2024) to ₹47.00 Cr., marking a decrease of 1.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹2,001.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,199.00 Cr. (Mar 2024) to ₹2,001.00 Cr., marking a decrease of 198.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹290.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹266.00 Cr. (Mar 2024) to ₹290.00 Cr., marking an increase of 24.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹366.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹406.00 Cr. (Mar 2024) to ₹366.00 Cr., marking a decrease of 40.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹2,704.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹2,919.00 Cr. (Mar 2024) to ₹2,704.00 Cr., marking a decrease of 215.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹863.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹843.00 Cr. (Mar 2024) to ₹863.00 Cr., marking an increase of 20.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹20.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1.00 Cr. (Mar 2024) to ₹20.00 Cr., marking an increase of 19.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹318.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹406.00 Cr. (Mar 2024) to ₹318.00 Cr., marking a decrease of 88.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹1,503.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,669.00 Cr. (Mar 2024) to ₹1,503.00 Cr., marking a decrease of 166.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹2,704.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,919.00 Cr. (Mar 2024) to ₹2,704.00 Cr., marking a decrease of 215.00 Cr..

Notably, the Reserves (₹2,001.00 Cr.) exceed the Borrowings (290.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow255.00355.00316.00478.00460.00362.00307.00169.00275.00499.00529.00510.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days364349525962626068566162
Inventory Days
Days Payable
Cash Conversion Cycle364349525962626068566162
Working Capital Days111222527474705053545266
ROCE %54%65%46%51%38%30%24%21%24%34%36%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters53.38%53.38%53.38%53.38%53.61%53.61%53.61%53.61%53.61%53.61%53.81%53.81%
FIIs13.83%13.25%12.03%12.03%12.64%12.62%12.13%11.81%12.19%11.78%10.31%10.27%
DIIs19.34%19.92%20.31%19.94%20.19%20.89%21.64%22.91%22.75%22.49%24.02%24.19%
Government0.00%0.00%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public11.30%11.34%12.12%12.48%11.52%11.14%10.92%10.04%9.78%10.68%10.42%10.38%
Others2.15%2.11%2.14%2.17%2.02%1.72%1.68%1.63%1.66%1.43%1.42%1.33%
No. of Shareholders50,89848,20252,43696,62853,24853,48449,71552,63949,1571,46,68058,04868,025

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan3,642,5092.74799.13502,7262025-03-10624.55%
Nippon India Small Cap Fund1,637,1360.7359.17502,7262025-03-10225.65%
DSP Small Cap Fund1,571,1122.5344.69502,7262025-03-10212.52%
HDFC Childrens Gift Fund - Regular Plan761,0181.85166.96502,7262025-03-1051.38%
ICICI Prudential Technology Fund502,7260.94110.29502,7262025-03-100%
HSBC Small Cap Fund - Regular Plan487,0300.72106.85502,7262025-03-10-3.12%
Bandhan Small Cap Fund278,6681.1861.14502,7262025-03-10-44.57%
ICICI Prudential Flexicap Fund173,9230.2638.16502,7262025-03-10-65.4%
L&T Focused Equity Fund204,5942.8527502,7262025-03-10-59.3%
UTI Small Cap Fund102,1110.5922.4502,7262025-03-10-79.69%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 106.1598.76123.8181.6157.26
Diluted EPS (Rs.) 104.3897.15121.5781.2957.25
Cash EPS (Rs.) 132.17125.58157.40107.1677.53
Book Value[Excl.RevalReserv]/Share (Rs.) 466.38357.36473.99441.60362.00
Book Value[Incl.RevalReserv]/Share (Rs.) 466.38357.36473.99441.60362.00
Revenue From Operations / Share (Rs.) 606.56551.25652.71460.06398.22
PBDIT / Share (Rs.) 174.25164.09207.02141.88102.56
PBIT / Share (Rs.) 148.17140.35175.84117.8982.92
PBT / Share (Rs.) 142.92135.94169.34111.9377.71
Net Profit / Share (Rs.) 106.10101.84126.2283.1757.89
NP After MI And SOA / Share (Rs.) 106.04101.77126.1183.0957.89
PBDIT Margin (%) 28.7229.7631.7130.8325.75
PBIT Margin (%) 24.4225.4526.9425.6220.82
PBT Margin (%) 23.5624.6625.9424.3219.51
Net Profit Margin (%) 17.4918.4719.3318.0714.53
NP After MI And SOA Margin (%) 17.4818.4619.3218.0614.53
Return on Networth / Equity (%) 22.7528.5026.6218.8215.99
Return on Capital Employeed (%) 28.0034.7932.9123.2719.87
Return On Assets (%) 17.4621.3620.1614.0712.03
Long Term Debt / Equity (X) 0.000.000.000.090.00
Total Debt / Equity (X) 0.000.000.000.110.00
Asset Turnover Ratio (%) 1.121.220.870.710.71
Current Ratio (X) 5.173.924.214.215.10
Quick Ratio (X) 5.173.914.214.215.10
Dividend Payout Ratio (NP) (%) 0.940.670.811.202.09
Dividend Payout Ratio (CP) (%) 0.750.540.650.931.56
Earning Retention Ratio (%) 99.0699.3399.1998.8097.91
Cash Earning Retention Ratio (%) 99.2599.4699.3599.0798.44
Interest Coverage Ratio (X) 35.7937.2431.8423.7919.68
Interest Coverage Ratio (Post Tax) (X) 22.8724.1220.4114.9512.11
Enterprise Value (Cr.) 10667.555774.257360.723440.89990.05
EV / Net Operating Revenue (X) 3.652.183.412.200.68
EV / EBITDA (X) 12.697.3310.747.132.67
MarketCap / Net Operating Revenue (X) 3.882.343.632.400.92
Retention Ratios (%) 99.0599.3299.1898.7997.90
Price / BV (X) 5.053.625.012.501.01
Price / Net Operating Revenue (X) 3.882.343.632.400.92
EarningsYield 0.040.070.050.070.15

After reviewing the key financial ratios for eClerx Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 106.15. This value is within the healthy range. It has increased from 98.76 (Mar 23) to 106.15, marking an increase of 7.39.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 104.38. This value is within the healthy range. It has increased from 97.15 (Mar 23) to 104.38, marking an increase of 7.23.
  • For Cash EPS (Rs.), as of Mar 24, the value is 132.17. This value is within the healthy range. It has increased from 125.58 (Mar 23) to 132.17, marking an increase of 6.59.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 466.38. It has increased from 357.36 (Mar 23) to 466.38, marking an increase of 109.02.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 466.38. It has increased from 357.36 (Mar 23) to 466.38, marking an increase of 109.02.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 606.56. It has increased from 551.25 (Mar 23) to 606.56, marking an increase of 55.31.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 174.25. This value is within the healthy range. It has increased from 164.09 (Mar 23) to 174.25, marking an increase of 10.16.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 148.17. This value is within the healthy range. It has increased from 140.35 (Mar 23) to 148.17, marking an increase of 7.82.
  • For PBT / Share (Rs.), as of Mar 24, the value is 142.92. This value is within the healthy range. It has increased from 135.94 (Mar 23) to 142.92, marking an increase of 6.98.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 106.10. This value is within the healthy range. It has increased from 101.84 (Mar 23) to 106.10, marking an increase of 4.26.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 106.04. This value is within the healthy range. It has increased from 101.77 (Mar 23) to 106.04, marking an increase of 4.27.
  • For PBDIT Margin (%), as of Mar 24, the value is 28.72. This value is within the healthy range. It has decreased from 29.76 (Mar 23) to 28.72, marking a decrease of 1.04.
  • For PBIT Margin (%), as of Mar 24, the value is 24.42. This value exceeds the healthy maximum of 20. It has decreased from 25.45 (Mar 23) to 24.42, marking a decrease of 1.03.
  • For PBT Margin (%), as of Mar 24, the value is 23.56. This value is within the healthy range. It has decreased from 24.66 (Mar 23) to 23.56, marking a decrease of 1.10.
  • For Net Profit Margin (%), as of Mar 24, the value is 17.49. This value exceeds the healthy maximum of 10. It has decreased from 18.47 (Mar 23) to 17.49, marking a decrease of 0.98.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 17.48. This value is within the healthy range. It has decreased from 18.46 (Mar 23) to 17.48, marking a decrease of 0.98.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 22.75. This value is within the healthy range. It has decreased from 28.50 (Mar 23) to 22.75, marking a decrease of 5.75.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 28.00. This value is within the healthy range. It has decreased from 34.79 (Mar 23) to 28.00, marking a decrease of 6.79.
  • For Return On Assets (%), as of Mar 24, the value is 17.46. This value is within the healthy range. It has decreased from 21.36 (Mar 23) to 17.46, marking a decrease of 3.90.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.12. It has decreased from 1.22 (Mar 23) to 1.12, marking a decrease of 0.10.
  • For Current Ratio (X), as of Mar 24, the value is 5.17. This value exceeds the healthy maximum of 3. It has increased from 3.92 (Mar 23) to 5.17, marking an increase of 1.25.
  • For Quick Ratio (X), as of Mar 24, the value is 5.17. This value exceeds the healthy maximum of 2. It has increased from 3.91 (Mar 23) to 5.17, marking an increase of 1.26.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 20. It has increased from 0.67 (Mar 23) to 0.94, marking an increase of 0.27.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.75. This value is below the healthy minimum of 20. It has increased from 0.54 (Mar 23) to 0.75, marking an increase of 0.21.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 99.06. This value exceeds the healthy maximum of 70. It has decreased from 99.33 (Mar 23) to 99.06, marking a decrease of 0.27.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 99.25. This value exceeds the healthy maximum of 70. It has decreased from 99.46 (Mar 23) to 99.25, marking a decrease of 0.21.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 35.79. This value is within the healthy range. It has decreased from 37.24 (Mar 23) to 35.79, marking a decrease of 1.45.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 22.87. This value is within the healthy range. It has decreased from 24.12 (Mar 23) to 22.87, marking a decrease of 1.25.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 10,667.55. It has increased from 5,774.25 (Mar 23) to 10,667.55, marking an increase of 4,893.30.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.65. This value exceeds the healthy maximum of 3. It has increased from 2.18 (Mar 23) to 3.65, marking an increase of 1.47.
  • For EV / EBITDA (X), as of Mar 24, the value is 12.69. This value is within the healthy range. It has increased from 7.33 (Mar 23) to 12.69, marking an increase of 5.36.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.88. This value exceeds the healthy maximum of 3. It has increased from 2.34 (Mar 23) to 3.88, marking an increase of 1.54.
  • For Retention Ratios (%), as of Mar 24, the value is 99.05. This value exceeds the healthy maximum of 70. It has decreased from 99.32 (Mar 23) to 99.05, marking a decrease of 0.27.
  • For Price / BV (X), as of Mar 24, the value is 5.05. This value exceeds the healthy maximum of 3. It has increased from 3.62 (Mar 23) to 5.05, marking an increase of 1.43.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.88. This value exceeds the healthy maximum of 3. It has increased from 2.34 (Mar 23) to 3.88, marking an increase of 1.54.
  • For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.04, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of eClerx Services Ltd as of March 12, 2025 is: ₹2,243.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, eClerx Services Ltd is Overvalued by 19.68% compared to the current share price 2,793.00

Intrinsic Value of eClerx Services Ltd as of March 12, 2025 is: 2,566.72

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, eClerx Services Ltd is Overvalued by 8.10% compared to the current share price 2,793.00

Last 5 Year EPS CAGR: 14.42%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 37.92%, which is a positive sign.
  2. The company has higher reserves (1,271.46 cr) compared to borrowings (96.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (189.15 cr) and profit (437.77 cr) over the years.
  1. The stock has a high average Working Capital Days of 49.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 55.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in eClerx Services Ltd:
    1. Net Profit Margin: 17.49%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 28% (Industry Average ROCE: 17.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 22.75% (Industry Average ROE: 16.59%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 22.87
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.17
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26.4 (Industry average Stock P/E: 32.52)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

eClerx Services Ltd. is a Public Limited Listed company incorporated on 24/03/2000 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72200MH2000PLC125319 and registration number is 125319. Currently Company is involved in the business activities of Data processing, hosting and related activities; web portals. Company's Total Operating Revenue is Rs. 2094.83 Cr. and Equity Capital is Rs. 48.23 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
IT Enabled ServicesSonawala Building, Mumbai Maharashtra 400023investor@eClerx.com
http://www.eClerx.com
Management
NamePosition Held
Mr. Anish GhoshalChairman(NonExe.&Ind.Director)
Mr. Kapil JainManaging Director & Group CEO
Mr. P D MundhraExecutive Director
Mr. Anjan MalikNon Executive Director
Mr. Biren GabhawalaInd. Non-Executive Director
Mr. Srinjay SenguptaInd. Non-Executive Director
Ms. Deepa KapoorInd. Non-Executive Director
Mr. Shailesh KekreInd. Non-Executive Director
Mr. Naval Bir KumarInd. Non-Executive Director
Ms. Bala C DeshpandeInd. Non-Executive Director
Mr. Naresh Chand GuptaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of eClerx Services Ltd?

The latest intrinsic value of eClerx Services Ltd as on 11 March 2025 is ₹2243.25, which is 19.68% lower than the current market price of 2,793.00, indicating the stock is overvalued by 19.68%. The intrinsic value of eClerx Services Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹13,693 Cr. and recorded a high/low of ₹3,877/2,114 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,001 Cr and total liabilities of ₹2,704 Cr.

What is the Market Cap of eClerx Services Ltd?

The Market Cap of eClerx Services Ltd is 13,693 Cr..

What is the current Stock Price of eClerx Services Ltd as on 11 March 2025?

The current stock price of eClerx Services Ltd as on 11 March 2025 is ₹2,793.

What is the High / Low of eClerx Services Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of eClerx Services Ltd stocks is ₹3,877/2,114.

What is the Stock P/E of eClerx Services Ltd?

The Stock P/E of eClerx Services Ltd is 26.4.

What is the Book Value of eClerx Services Ltd?

The Book Value of eClerx Services Ltd is 418.

What is the Dividend Yield of eClerx Services Ltd?

The Dividend Yield of eClerx Services Ltd is 0.04 %.

What is the ROCE of eClerx Services Ltd?

The ROCE of eClerx Services Ltd is 31.8 %.

What is the ROE of eClerx Services Ltd?

The ROE of eClerx Services Ltd is 25.4 %.

What is the Face Value of eClerx Services Ltd?

The Face Value of eClerx Services Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in eClerx Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE