Share Price and Basic Stock Data
Last Updated: October 14, 2025, 6:46 am
| PEG Ratio | 2.32 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
eClerx Services Ltd operates in the IT Enabled Services sector and has shown a commendable revenue trajectory over recent years. For the fiscal year ending March 2025, the company reported sales of ₹3,366 Cr, a significant increase from ₹2,648 Cr in FY 2023. This marks a growth rate of approximately 27% year-on-year. The quarterly sales data reflects a consistent upward trend, with the latest quarter ending September 2023 recording ₹722 Cr, up from ₹693 Cr in March 2023. The company’s ability to maintain a steady increase in sales, even amid fluctuations in expenses, indicates a robust operational model. The operating profit margin (OPM) has oscillated, currently standing at 24%, which is relatively stable compared to prior periods. This suggests that eClerx is effectively managing its cost structure despite rising operational demands. Overall, the revenue performance illustrates the company’s strong positioning in the IT services landscape, backed by consistent client demand and effective service delivery.
Profitability and Efficiency Metrics
eClerx Services has demonstrated solid profitability metrics, with a net profit of ₹541 Cr for FY 2025, reflecting a growth from ₹489 Cr in the previous fiscal year. The earnings per share (EPS) also rose to ₹110.37, indicating an upward trend in shareholder value. The return on equity (ROE) stood at an impressive 22.8%, and the return on capital employed (ROCE) was reported at 28.0%, showcasing the company’s effective use of capital to generate profit. The interest coverage ratio (ICR) was a substantial 35.79x, signifying that the company’s earnings comfortably cover its interest obligations, which is indicative of strong financial health. However, the cash conversion cycle (CCC) increased to 86 days, suggesting potential liquidity challenges in managing receivables and payables. While eClerx’s profitability remains robust, the rising CCC could be a point of concern that warrants close monitoring as it may affect operational liquidity in the future.
Balance Sheet Strength and Financial Ratios
The financial health of eClerx Services is reflected in its balance sheet, which showcases total reserves of ₹2,259 Cr against borrowings of ₹358 Cr. This low level of debt underscores a conservative capital structure, with a debt-to-equity ratio of 0.00, indicating that the company is primarily funded through equity. The current ratio of 5.17x and quick ratio of 5.17x suggest excellent liquidity, enabling eClerx to meet its short-term obligations without difficulty. Additionally, the price-to-book value (P/BV) ratio of 5.05x indicates that the market values the company significantly higher than its book value, reflecting investor confidence in its growth prospects. However, the enterprise value (EV) to EBITDA ratio of 12.69x appears elevated compared to typical sector ranges, suggesting that the stock may be priced at a premium. These financial ratios collectively illustrate a strong balance sheet, although the high valuation metrics could pose risks if growth does not continue as anticipated.
Shareholding Pattern and Investor Confidence
eClerx’s shareholding pattern reveals a diverse ownership structure that reflects investor confidence. Promoters hold 53.81% of the shares, a stable figure that has remained consistent over recent quarters. Foreign institutional investors (FIIs) account for 10.16%, while domestic institutional investors (DIIs) hold a significant 26.04%. The public shareholding stands at 8.63%, and the total number of shareholders is reported at 66,302. The gradual increase in DII ownership from 20.31% in September 2022 to the current 26.04% indicates growing institutional interest in the company, which is a positive signal for long-term stability. However, the decline in public shareholding from 12.12% in September 2022 to 8.63% may suggest a need for eClerx to engage more effectively with retail investors to maintain a balanced ownership structure. Overall, the mix of shareholders reflects a healthy level of confidence in the company’s governance and growth trajectory.
Outlook, Risks, and Final Insight
If margins sustain around the current levels and revenue growth continues, eClerx Services could further enhance its competitive positioning within the IT enabled services sector. However, potential risks include the rising cash conversion cycle, which could impact liquidity, and the elevated valuation metrics that may deter new investment if not justified by growth. Additionally, fluctuations in demand for IT services due to macroeconomic conditions could pose challenges. To navigate these risks, eClerx must focus on optimizing its operational efficiency and maintaining strong client relationships. The company’s solid financial metrics, including a high ROE and low debt levels, provide a strong foundation to support its growth strategy. Overall, eClerx Services appears well-positioned to leverage its strengths while addressing potential challenges in the evolving 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 | 8.60 Cr. | 26.6 | 30.5/14.2 | 6.06 | 21.4 | 0.00 % | 19.6 % | 22.4 % | 10.0 |
| eMudhra Ltd | 5,536 Cr. | 669 | 1,024/607 | 60.4 | 90.0 | 0.19 % | 15.3 % | 12.1 % | 5.00 |
| BNR Udyog Ltd | 14.4 Cr. | 47.9 | 96.0/44.5 | 32.3 | 0.00 % | 10.0 % | 5.52 % | 10.0 | |
| BGIL Films & Technologies Ltd | 19.0 Cr. | 16.8 | 18.4/4.80 | 16.9 | 0.00 % | 0.34 % | 0.88 % | 10.0 | |
| Aurum Proptech Ltd | 1,196 Cr. | 167 | 265/144 | 93.7 | 0.00 % | 2.83 % | 14.6 % | 5.00 | |
| Industry Average | 8,632.08 Cr | 699.35 | 32.90 | 193.80 | 0.43% | 20.61% | 21.91% | 7.60 |
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: May 15, 2025, 6:48 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 841 | 942 | 1,314 | 1,330 | 1,365 | 1,431 | 1,438 | 1,564 | 2,160 | 2,648 | 2,926 | 3,366 |
| Expenses | 486 | 626 | 833 | 869 | 998 | 1,122 | 1,111 | 1,115 | 1,498 | 1,925 | 2,150 | 2,558 |
| Operating Profit | 355 | 316 | 482 | 461 | 368 | 309 | 326 | 450 | 662 | 723 | 776 | 808 |
| OPM % | 42% | 34% | 37% | 35% | 27% | 22% | 23% | 29% | 31% | 27% | 27% | 24% |
| Other Income | 11 | 32 | 36 | 28 | 61 | 49 | 45 | 34 | 24 | 66 | 64 | 87 |
| Interest | 1 | 1 | 1 | 2 | 1 | 1 | 20 | 21 | 23 | 22 | 24 | 35 |
| Depreciation | 33 | 50 | 57 | 52 | 48 | 45 | 71 | 82 | 103 | 114 | 126 | 141 |
| Profit before tax | 332 | 298 | 460 | 436 | 380 | 311 | 281 | 381 | 560 | 653 | 689 | 719 |
| 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 |
| 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 |
| 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 | 450.00 |
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 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 106.15 | 98.76 | 123.81 | 81.61 | 57.26 |
| Diluted EPS (Rs.) | 104.38 | 97.15 | 121.57 | 81.29 | 57.25 |
| Cash EPS (Rs.) | 132.17 | 125.58 | 157.40 | 107.16 | 77.53 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 466.38 | 357.36 | 473.99 | 441.60 | 362.00 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 466.38 | 357.36 | 473.99 | 441.60 | 362.00 |
| Revenue From Operations / Share (Rs.) | 606.56 | 551.25 | 652.71 | 460.06 | 398.22 |
| PBDIT / Share (Rs.) | 174.25 | 164.09 | 207.02 | 141.88 | 102.56 |
| PBIT / Share (Rs.) | 148.17 | 140.35 | 175.84 | 117.89 | 82.92 |
| PBT / Share (Rs.) | 142.92 | 135.94 | 169.34 | 111.93 | 77.71 |
| Net Profit / Share (Rs.) | 106.10 | 101.84 | 126.22 | 83.17 | 57.89 |
| NP After MI And SOA / Share (Rs.) | 106.04 | 101.77 | 126.11 | 83.09 | 57.89 |
| PBDIT Margin (%) | 28.72 | 29.76 | 31.71 | 30.83 | 25.75 |
| PBIT Margin (%) | 24.42 | 25.45 | 26.94 | 25.62 | 20.82 |
| PBT Margin (%) | 23.56 | 24.66 | 25.94 | 24.32 | 19.51 |
| Net Profit Margin (%) | 17.49 | 18.47 | 19.33 | 18.07 | 14.53 |
| NP After MI And SOA Margin (%) | 17.48 | 18.46 | 19.32 | 18.06 | 14.53 |
| Return on Networth / Equity (%) | 22.75 | 28.50 | 26.62 | 18.82 | 15.99 |
| Return on Capital Employeed (%) | 28.00 | 34.79 | 32.91 | 23.27 | 19.87 |
| Return On Assets (%) | 17.46 | 21.36 | 20.16 | 14.07 | 12.03 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Asset Turnover Ratio (%) | 1.12 | 1.22 | 0.87 | 0.71 | 0.71 |
| Current Ratio (X) | 5.17 | 3.92 | 4.21 | 4.21 | 5.10 |
| Quick Ratio (X) | 5.17 | 3.91 | 4.21 | 4.21 | 5.10 |
| Dividend Payout Ratio (NP) (%) | 0.94 | 0.67 | 0.81 | 1.20 | 2.09 |
| Dividend Payout Ratio (CP) (%) | 0.75 | 0.54 | 0.65 | 0.93 | 1.56 |
| Earning Retention Ratio (%) | 99.06 | 99.33 | 99.19 | 98.80 | 97.91 |
| Cash Earning Retention Ratio (%) | 99.25 | 99.46 | 99.35 | 99.07 | 98.44 |
| Interest Coverage Ratio (X) | 35.79 | 37.24 | 31.84 | 23.79 | 19.68 |
| Interest Coverage Ratio (Post Tax) (X) | 22.87 | 24.12 | 20.41 | 14.95 | 12.11 |
| Enterprise Value (Cr.) | 10667.55 | 5774.25 | 7360.72 | 3440.89 | 990.05 |
| EV / Net Operating Revenue (X) | 3.65 | 2.18 | 3.41 | 2.20 | 0.68 |
| EV / EBITDA (X) | 12.69 | 7.33 | 10.74 | 7.13 | 2.67 |
| MarketCap / Net Operating Revenue (X) | 3.88 | 2.34 | 3.63 | 2.40 | 0.92 |
| Retention Ratios (%) | 99.05 | 99.32 | 99.18 | 98.79 | 97.90 |
| Price / BV (X) | 5.05 | 3.62 | 5.01 | 2.50 | 1.01 |
| Price / Net Operating Revenue (X) | 3.88 | 2.34 | 3.63 | 2.40 | 0.92 |
| EarningsYield | 0.04 | 0.07 | 0.05 | 0.07 | 0.15 |
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.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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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: 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.
- ROCE: 28% (Industry Average ROCE: 20.61%)
- 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%: 22.75% (Industry Average ROE: 21.91%)
- 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): 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.
- 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.
- Stock P/E: 35.6 (Industry average Stock P/E: 32.9)
- 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: 17.49%
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 14 October 2025) is 3052.53 which is 26.34% lower the current market price of 4,144.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹20,318 Cr. market cap, FY2025-2026 high/low of 4,640/2,116, 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 20,318 Cr..
What is the current Stock Price of eClerx Services Ltd as on 14 October 2025?
The current stock price of eClerx Services Ltd as on 14 October 2025 is 4,144.
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 4,640/2,116.
What is the Stock P/E of eClerx Services Ltd?
The Stock P/E of eClerx Services Ltd is 35.6.
What is the Book Value of eClerx Services Ltd?
The Book Value of eClerx Services Ltd is 470.
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.