Share Price and Basic Stock Data
Last Updated: November 3, 2025, 8:36 pm
| PEG Ratio | 5.24 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
eClerx Services Ltd, a prominent player in the IT Enabled Services sector, reported a stock price of ₹4,717 and a market capitalization of ₹23,127 Cr. The company has demonstrated a robust revenue trajectory, with sales increasing from ₹2,160 Cr in FY 2022 to ₹2,648 Cr in FY 2023, and projected to reach ₹3,366 Cr in FY 2025. Quarterly sales figures also reflect positive momentum, rising from ₹618 Cr in June 2022 to ₹722 Cr in September 2023. This growth trajectory underscores the company’s ability to capitalize on the expanding demand for IT services. The operating profit margin (OPM) stood at 24% as of the latest data, indicating a healthy operational efficiency compared to industry standards. The company’s total assets reached ₹3,139 Cr by March 2025, illustrating its solid asset base to support ongoing operations and growth initiatives.
Profitability and Efficiency Metrics
eClerx Services Ltd has consistently showcased strong profitability metrics, with a net profit of ₹571 Cr reported for the trailing twelve months. The company achieved a return on equity (ROE) of 22.8% and a return on capital employed (ROCE) of 28%, reflecting effective management of resources and capital. Additionally, the interest coverage ratio (ICR) stood at an impressive 25.64x, indicating a robust ability to meet interest obligations, which is significantly above industry averages. The operating profit margin (OPM) fluctuated around 24% in recent quarters, suggesting stable operational efficiency. However, the cash conversion cycle (CCC) has lengthened to 86 days, raising concerns about liquidity and operational efficiency relative to the sector average. The company’s effective management of expenses, which grew from ₹1,925 Cr in FY 2023 to ₹2,557 Cr in FY 2025, indicates a controlled cost structure, crucial for maintaining profitability.
Balance Sheet Strength and Financial Ratios
The balance sheet of eClerx Services Ltd reflects a solid financial position, with total liabilities reported at ₹3,139 Cr against total assets of ₹3,139 Cr, indicating a balanced capital structure. The company holds reserves of ₹2,259 Cr and minimal borrowings of ₹358 Cr, resulting in a low debt-to-equity ratio, underscoring its financial prudence. The book value per share increased to ₹491.01 in FY 2025, affirming the company’s strong equity base. The current ratio of 4.56x indicates excellent short-term liquidity, well above the typical industry benchmark. The enterprise value (EV) to net operating revenue ratio stood at 3.66, suggesting the stock might be overvalued compared to its revenue generation capacity. Overall, the financial ratios signal a conservative approach to leverage and a strong capacity to weather economic fluctuations.
Shareholding Pattern and Investor Confidence
eClerx Services Ltd’s shareholding pattern reveals a stable and confidence-inspiring structure, with promoters holding 53.81% of the equity as of March 2025. This significant promoter stake indicates strong alignment with shareholder interests. Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) collectively account for approximately 36.67% of the shareholding, reflecting robust institutional confidence in the company’s prospects. Notably, the DII stake has seen a gradual increase from 19.94% in December 2022 to 25.72% in March 2025, indicating growing trust from domestic investors. However, the public holding has decreased to 7.98%, which may raise concerns about liquidity in the stock. The total number of shareholders stands at 65,928, suggesting a diverse ownership base, which can provide stability and mitigate risks associated with concentrated ownership.
Outlook, Risks, and Final Insight
The outlook for eClerx Services Ltd appears positive, bolstered by its strong revenue growth, healthy profitability metrics, and solid balance sheet. The company is well-positioned to capitalize on the increasing demand for IT-enabled services, particularly as businesses continue to digitize operations. However, risks include the potential impact of macroeconomic fluctuations on client spending and the lengthening cash conversion cycle, which could affect liquidity. Additionally, the company faces competition from both established players and new entrants in the IT services sector. If eClerx can effectively manage these challenges while leveraging its strengths, it is likely to sustain its growth trajectory. The performance in upcoming quarters will be critical to assess whether the company can maintain its profitability and operational efficiency amidst a dynamic market landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
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 | 9.68 Cr. | 30.0 | 30.5/14.2 | 6.82 | 21.4 | 0.00 % | 19.6 % | 22.4 % | 10.0 |
| eMudhra Ltd | 5,296 Cr. | 640 | 1,024/625 | 57.8 | 90.0 | 0.20 % | 15.3 % | 12.1 % | 5.00 |
| BNR Udyog Ltd | 14.7 Cr. | 49.0 | 90.0/44.5 | 32.3 | 0.00 % | 10.0 % | 5.52 % | 10.0 | |
| BLS E-Services Ltd | 1,829 Cr. | 200 | 249/131 | 33.1 | 53.1 | 0.50 % | 15.8 % | 11.0 % | 10.0 |
| BGIL Films & Technologies Ltd | 25.3 Cr. | 22.4 | 24.7/4.93 | 16.9 | 0.00 % | 0.34 % | 0.88 % | 10.0 | |
| Industry Average | 8,172.87 Cr | 685.99 | 34.62 | 185.05 | 0.41% | 20.05% | 20.85% | 7.41 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 618 | 650 | 687 | 693 | 684 | 722 | 753 | 767 | 782 | 832 | 854 | 898 | 935 |
| Expenses | 474 | 469 | 496 | 486 | 517 | 517 | 546 | 571 | 616 | 616 | 646 | 680 | 714 |
| Operating Profit | 143 | 181 | 191 | 207 | 167 | 205 | 207 | 196 | 166 | 216 | 207 | 219 | 221 |
| OPM % | 23% | 28% | 28% | 30% | 24% | 28% | 28% | 26% | 21% | 26% | 24% | 24% | 24% |
| Other Income | 22 | 21 | 18 | 5 | 8 | 14 | 19 | 23 | 21 | 13 | 21 | 32 | 14 |
| Interest | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 8 | 8 | 8 | 11 | 10 |
| Depreciation | 25 | 27 | 30 | 32 | 28 | 30 | 34 | 34 | 32 | 33 | 36 | 41 | 37 |
| Profit before tax | 135 | 170 | 173 | 174 | 141 | 182 | 187 | 179 | 148 | 188 | 184 | 199 | 188 |
| Tax % | 27% | 26% | 24% | 24% | 24% | 25% | 26% | 28% | 24% | 26% | 25% | 23% | 25% |
| Net Profit | 100 | 126 | 131 | 132 | 107 | 136 | 139 | 130 | 112 | 140 | 137 | 153 | 142 |
| EPS in Rs | 19.57 | 24.82 | 25.85 | 27.04 | 21.69 | 27.73 | 28.28 | 26.62 | 22.77 | 28.61 | 27.96 | 31.04 | 28.90 |
Last Updated: August 1, 2025, 9:55 pm
Below is a detailed analysis of the quarterly data for eClerx Services Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 935.00 Cr.. The value appears strong and on an upward trend. It has increased from 898.00 Cr. (Mar 2025) to 935.00 Cr., marking an increase of 37.00 Cr..
- For Expenses, as of Jun 2025, the value is 714.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 680.00 Cr. (Mar 2025) to 714.00 Cr., marking an increase of 34.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 221.00 Cr.. The value appears strong and on an upward trend. It has increased from 219.00 Cr. (Mar 2025) to 221.00 Cr., marking an increase of 2.00 Cr..
- For OPM %, as of Jun 2025, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 24.00%.
- For Other Income, as of Jun 2025, the value is 14.00 Cr.. The value appears to be declining and may need further review. It has decreased from 32.00 Cr. (Mar 2025) to 14.00 Cr., marking a decrease of 18.00 Cr..
- For Interest, as of Jun 2025, the value is 10.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11.00 Cr. (Mar 2025) to 10.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 37.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 41.00 Cr. (Mar 2025) to 37.00 Cr., marking a decrease of 4.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 188.00 Cr.. The value appears to be declining and may need further review. It has decreased from 199.00 Cr. (Mar 2025) to 188.00 Cr., marking a decrease of 11.00 Cr..
- For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Mar 2025) to 25.00%, marking an increase of 2.00%.
- For Net Profit, as of Jun 2025, the value is 142.00 Cr.. The value appears to be declining and may need further review. It has decreased from 153.00 Cr. (Mar 2025) to 142.00 Cr., marking a decrease of 11.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 28.90. The value appears to be declining and may need further review. It has decreased from 31.04 (Mar 2025) to 28.90, marking a decrease of 2.14.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:25 am
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 841 | 942 | 1,314 | 1,330 | 1,365 | 1,431 | 1,438 | 1,564 | 2,160 | 2,648 | 2,926 | 3,366 | 3,519 |
| Expenses | 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% |
| Other Income | 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% | |
| Net Profit | 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% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -10.16% | 48.70% | 3.51% | -18.08% | -21.38% | -8.33% | 35.41% | 47.70% | 16.99% | 4.70% | 5.66% |
| Change in YoY Net Profit Growth (%) | 0.00% | 58.85% | -45.19% | -21.59% | -3.30% | 13.05% | 43.74% | 12.30% | -30.72% | -12.28% | 0.96% |
eClerx Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| 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: | 55% |
| 3 Years: | 46% |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 23% |
Last Updated: September 5, 2025, 3:20 am
Balance Sheet
Last Updated: October 10, 2025, 1:57 pm
| Month | 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 |
| Borrowings | 0 | 0 | 4 | 1 | 6 | 2 | 157 | 175 | 163 | 194 | 266 | 358 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 |
Below is a detailed analysis of the balance sheet data for eClerx Services Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, 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 Mar 2025, the value is 2,259.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,199.00 Cr. (Mar 2024) to 2,259.00 Cr., marking an increase of 60.00 Cr..
- For Borrowings, as of Mar 2025, the value is 358.00 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 358.00 Cr., marking an increase of 92.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 475.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 393.00 Cr. (Mar 2024) to 475.00 Cr., marking an increase of 82.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 3,139.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,906.00 Cr. (Mar 2024) to 3,139.00 Cr., marking an increase of 233.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 974.00 Cr.. The value appears strong and on an upward trend. It has increased from 850.00 Cr. (Mar 2024) to 974.00 Cr., marking an increase of 124.00 Cr..
- For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1.00 Cr. (Mar 2024) to 0.00 Cr., marking a decrease of 1.00 Cr..
- For Investments, as of Mar 2025, the value is 309.00 Cr.. The value appears to be declining and may need further review. It has decreased from 406.00 Cr. (Mar 2024) to 309.00 Cr., marking a decrease of 97.00 Cr..
- For Other Assets, as of Mar 2025, the value is 1,856.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,649.00 Cr. (Mar 2024) to 1,856.00 Cr., marking an increase of 207.00 Cr..
- For Total Assets, as of Mar 2025, the value is 3,139.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,906.00 Cr. (Mar 2024) to 3,139.00 Cr., marking an increase of 233.00 Cr..
Notably, the Reserves (2,259.00 Cr.) exceed the Borrowings (358.00 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.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 355.00 | 316.00 | 478.00 | 460.00 | 362.00 | 307.00 | 169.00 | 275.00 | 499.00 | 529.00 | 510.00 | 451.00 |
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.
Financial Efficiency Indicators
| Month | 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% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Small Cap Fund - Regular Plan | 3,642,509 | 2.74 | 799.13 | 3,642,509 | 2025-04-22 17:25:37 | 0% |
| Nippon India Small Cap Fund | 1,637,136 | 0.7 | 359.17 | 1,637,136 | 2025-04-22 17:25:37 | 0% |
| DSP Small Cap Fund | 1,571,112 | 2.5 | 344.69 | 1,571,112 | 2025-04-22 17:25:37 | 0% |
| HDFC Childrens Gift Fund - Regular Plan | 761,018 | 1.85 | 166.96 | 761,018 | 2025-04-22 17:25:37 | 0% |
| ICICI Prudential Technology Fund | 502,726 | 0.94 | 110.29 | 502,726 | 2025-04-22 17:25:37 | 0% |
| HSBC Small Cap Fund - Regular Plan | 487,030 | 0.72 | 106.85 | 487,030 | 2025-04-22 17:25:37 | 0% |
| Bandhan Small Cap Fund | 278,668 | 1.18 | 61.14 | 278,668 | 2025-04-22 17:25:37 | 0% |
| ICICI Prudential Flexicap Fund | 173,923 | 0.26 | 38.16 | 173,923 | 2025-04-22 17:25:37 | 0% |
| L&T Focused Equity Fund | 204,594 | 2.85 | 27 | 204,594 | 2025-04-22 17:25:37 | 0% |
| UTI Small Cap Fund | 102,111 | 0.59 | 22.4 | 102,111 | 2025-04-22 17:25:37 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 114.19 | 106.15 | 98.76 | 123.81 | 81.61 |
| Diluted EPS (Rs.) | 112.07 | 104.38 | 97.15 | 121.57 | 81.29 |
| Cash EPS (Rs.) | 145.33 | 132.17 | 125.58 | 157.40 | 107.16 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 491.01 | 466.38 | 357.36 | 473.99 | 441.60 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 491.01 | 466.38 | 357.36 | 473.99 | 441.60 |
| Revenue From Operations / Share (Rs.) | 716.75 | 606.56 | 551.25 | 652.71 | 460.06 |
| PBDIT / Share (Rs.) | 190.51 | 174.25 | 164.09 | 207.02 | 141.88 |
| PBIT / Share (Rs.) | 160.44 | 148.17 | 140.35 | 175.84 | 117.89 |
| PBT / Share (Rs.) | 153.01 | 142.92 | 135.94 | 169.34 | 111.93 |
| Net Profit / Share (Rs.) | 115.26 | 106.10 | 101.84 | 126.22 | 83.17 |
| NP After MI And SOA / Share (Rs.) | 115.22 | 106.04 | 101.77 | 126.11 | 83.09 |
| PBDIT Margin (%) | 26.57 | 28.72 | 29.76 | 31.71 | 30.83 |
| PBIT Margin (%) | 22.38 | 24.42 | 25.45 | 26.94 | 25.62 |
| PBT Margin (%) | 21.34 | 23.56 | 24.66 | 25.94 | 24.32 |
| Net Profit Margin (%) | 16.08 | 17.49 | 18.47 | 19.33 | 18.07 |
| NP After MI And SOA Margin (%) | 16.07 | 17.48 | 18.46 | 19.32 | 18.06 |
| Return on Networth / Equity (%) | 23.46 | 22.75 | 28.50 | 26.62 | 18.82 |
| Return on Capital Employeed (%) | 27.85 | 28.00 | 34.79 | 32.91 | 23.27 |
| Return On Assets (%) | 17.20 | 17.46 | 21.36 | 20.16 | 14.07 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Asset Turnover Ratio (%) | 1.11 | 1.12 | 1.22 | 0.87 | 0.71 |
| Current Ratio (X) | 4.56 | 5.17 | 3.92 | 4.21 | 4.21 |
| Quick Ratio (X) | 4.56 | 5.17 | 3.91 | 4.21 | 4.21 |
| Inventory Turnover Ratio (X) | 7719.87 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio (NP) (%) | 0.86 | 0.94 | 0.67 | 0.81 | 1.20 |
| Dividend Payout Ratio (CP) (%) | 0.68 | 0.75 | 0.54 | 0.65 | 0.93 |
| Earning Retention Ratio (%) | 99.14 | 99.06 | 99.33 | 99.19 | 98.80 |
| Cash Earning Retention Ratio (%) | 99.32 | 99.25 | 99.46 | 99.35 | 99.07 |
| Interest Coverage Ratio (X) | 25.64 | 35.79 | 37.24 | 31.84 | 23.79 |
| Interest Coverage Ratio (Post Tax) (X) | 16.51 | 22.87 | 24.12 | 20.41 | 14.95 |
| Enterprise Value (Cr.) | 12309.03 | 10667.55 | 5774.25 | 7360.72 | 3440.89 |
| EV / Net Operating Revenue (X) | 3.66 | 3.65 | 2.18 | 3.41 | 2.20 |
| EV / EBITDA (X) | 13.76 | 12.69 | 7.33 | 10.74 | 7.13 |
| MarketCap / Net Operating Revenue (X) | 3.88 | 3.88 | 2.34 | 3.63 | 2.40 |
| Retention Ratios (%) | 99.13 | 99.05 | 99.32 | 99.18 | 98.79 |
| Price / BV (X) | 5.66 | 5.05 | 3.62 | 5.01 | 2.50 |
| Price / Net Operating Revenue (X) | 3.88 | 3.88 | 2.34 | 3.63 | 2.40 |
| EarningsYield | 0.04 | 0.04 | 0.07 | 0.05 | 0.07 |
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 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 114.19. This value is within the healthy range. It has increased from 106.15 (Mar 24) to 114.19, marking an increase of 8.04.
- For Diluted EPS (Rs.), as of Mar 25, the value is 112.07. This value is within the healthy range. It has increased from 104.38 (Mar 24) to 112.07, marking an increase of 7.69.
- For Cash EPS (Rs.), as of Mar 25, the value is 145.33. This value is within the healthy range. It has increased from 132.17 (Mar 24) to 145.33, marking an increase of 13.16.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 491.01. It has increased from 466.38 (Mar 24) to 491.01, marking an increase of 24.63.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 491.01. It has increased from 466.38 (Mar 24) to 491.01, marking an increase of 24.63.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 716.75. It has increased from 606.56 (Mar 24) to 716.75, marking an increase of 110.19.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 190.51. This value is within the healthy range. It has increased from 174.25 (Mar 24) to 190.51, marking an increase of 16.26.
- For PBIT / Share (Rs.), as of Mar 25, the value is 160.44. This value is within the healthy range. It has increased from 148.17 (Mar 24) to 160.44, marking an increase of 12.27.
- For PBT / Share (Rs.), as of Mar 25, the value is 153.01. This value is within the healthy range. It has increased from 142.92 (Mar 24) to 153.01, marking an increase of 10.09.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 115.26. This value is within the healthy range. It has increased from 106.10 (Mar 24) to 115.26, marking an increase of 9.16.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 115.22. This value is within the healthy range. It has increased from 106.04 (Mar 24) to 115.22, marking an increase of 9.18.
- For PBDIT Margin (%), as of Mar 25, the value is 26.57. This value is within the healthy range. It has decreased from 28.72 (Mar 24) to 26.57, marking a decrease of 2.15.
- For PBIT Margin (%), as of Mar 25, the value is 22.38. This value exceeds the healthy maximum of 20. It has decreased from 24.42 (Mar 24) to 22.38, marking a decrease of 2.04.
- For PBT Margin (%), as of Mar 25, the value is 21.34. This value is within the healthy range. It has decreased from 23.56 (Mar 24) to 21.34, marking a decrease of 2.22.
- For Net Profit Margin (%), as of Mar 25, the value is 16.08. This value exceeds the healthy maximum of 10. It has decreased from 17.49 (Mar 24) to 16.08, marking a decrease of 1.41.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 16.07. This value is within the healthy range. It has decreased from 17.48 (Mar 24) to 16.07, marking a decrease of 1.41.
- For Return on Networth / Equity (%), as of Mar 25, the value is 23.46. This value is within the healthy range. It has increased from 22.75 (Mar 24) to 23.46, marking an increase of 0.71.
- For Return on Capital Employeed (%), as of Mar 25, the value is 27.85. This value is within the healthy range. It has decreased from 28.00 (Mar 24) to 27.85, marking a decrease of 0.15.
- For Return On Assets (%), as of Mar 25, the value is 17.20. This value is within the healthy range. It has decreased from 17.46 (Mar 24) to 17.20, marking a decrease of 0.26.
- For Long Term Debt / Equity (X), as of Mar 25, 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 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.11. It has decreased from 1.12 (Mar 24) to 1.11, marking a decrease of 0.01.
- For Current Ratio (X), as of Mar 25, the value is 4.56. This value exceeds the healthy maximum of 3. It has decreased from 5.17 (Mar 24) to 4.56, marking a decrease of 0.61.
- For Quick Ratio (X), as of Mar 25, the value is 4.56. This value exceeds the healthy maximum of 2. It has decreased from 5.17 (Mar 24) to 4.56, marking a decrease of 0.61.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 7,719.87. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 7,719.87, marking an increase of 7,719.87.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.86. This value is below the healthy minimum of 20. It has decreased from 0.94 (Mar 24) to 0.86, marking a decrease of 0.08.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.68. This value is below the healthy minimum of 20. It has decreased from 0.75 (Mar 24) to 0.68, marking a decrease of 0.07.
- For Earning Retention Ratio (%), as of Mar 25, the value is 99.14. This value exceeds the healthy maximum of 70. It has increased from 99.06 (Mar 24) to 99.14, marking an increase of 0.08.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 99.32. This value exceeds the healthy maximum of 70. It has increased from 99.25 (Mar 24) to 99.32, marking an increase of 0.07.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 25.64. This value is within the healthy range. It has decreased from 35.79 (Mar 24) to 25.64, marking a decrease of 10.15.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.51. This value is within the healthy range. It has decreased from 22.87 (Mar 24) to 16.51, marking a decrease of 6.36.
- For Enterprise Value (Cr.), as of Mar 25, the value is 12,309.03. It has increased from 10,667.55 (Mar 24) to 12,309.03, marking an increase of 1,641.48.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.66. This value exceeds the healthy maximum of 3. It has increased from 3.65 (Mar 24) to 3.66, marking an increase of 0.01.
- For EV / EBITDA (X), as of Mar 25, the value is 13.76. This value is within the healthy range. It has increased from 12.69 (Mar 24) to 13.76, marking an increase of 1.07.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.88. This value exceeds the healthy maximum of 3. There is no change compared to the previous period (Mar 24) which recorded 3.88.
- For Retention Ratios (%), as of Mar 25, the value is 99.13. This value exceeds the healthy maximum of 70. It has increased from 99.05 (Mar 24) to 99.13, marking an increase of 0.08.
- For Price / BV (X), as of Mar 25, the value is 5.66. This value exceeds the healthy maximum of 3. It has increased from 5.05 (Mar 24) to 5.66, marking an increase of 0.61.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.88. This value exceeds the healthy maximum of 3. There is no change compared to the previous period (Mar 24) which recorded 3.88.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.04.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
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:
- Net Profit Margin: 16.08%
- 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.
- ROCE: 27.85% (Industry Average ROCE: 20.05%)
- 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.
- ROE%: 23.46% (Industry Average ROE: 20.85%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.51
- 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.
- Quick Ratio: 4.56
- 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.
- Stock P/E: 37.7 (Industry average Stock P/E: 34.62)
- 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.
- 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.
Stock Rating: - Net Profit Margin: 16.08%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Enabled Services | Sonawala Building, 1st Floor, 29 Bank Street, Mumbai Maharashtra 400023 | investor@eClerx.com http://www.eClerx.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Shailesh Kekre | Chairman & Ind.Dire (Non-Exe) |
| Mr. Kapil Jain | Managing Director & Group CEO |
| Mr. Priyadarshan Mundhra | Executive Director |
| Mr. Anjan Malik | Non Executive Director |
| Mr. Naval Bir Kumar | Ind. Non-Executive Director |
| Ms. Bala C Deshpande | Ind. Non-Executive Director |
| Mr. Amit Majmudar | Ind. Non-Executive Director |
| Mr. Srinjay Sengupta | Ind. Non-Executive Director |
| Mr. Naresh Chand Gupta | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of eClerx Services Ltd?
eClerx Services Ltd's intrinsic value (as of 03 November 2025) is 3679.65 which is 22.26% lower the current market price of 4,733.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 23,172 Cr. market cap, FY2025-2026 high/low of 4,830/2,116, reserves of ₹2,259 Cr, and liabilities of 3,139 Cr.
What is the Market Cap of eClerx Services Ltd?
The Market Cap of eClerx Services Ltd is 23,172 Cr..
What is the current Stock Price of eClerx Services Ltd as on 03 November 2025?
The current stock price of eClerx Services Ltd as on 03 November 2025 is 4,733.
What is the High / Low of eClerx Services Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of eClerx Services Ltd stocks is 4,830/2,116.
What is the Stock P/E of eClerx Services Ltd?
The Stock P/E of eClerx Services Ltd is 37.7.
What is the Book Value of eClerx Services Ltd?
The Book Value of eClerx Services Ltd is 535.
What is the Dividend Yield of eClerx Services Ltd?
The Dividend Yield of eClerx Services Ltd is 0.02 %.
What is the ROCE of eClerx Services Ltd?
The ROCE of eClerx Services Ltd is 28.0 %.
What is the ROE of eClerx Services Ltd?
The ROE of eClerx Services Ltd is 22.8 %.
What is the Face Value of eClerx Services Ltd?
The Face Value of eClerx Services Ltd is 10.0.