Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of eClerx Services Ltd

About the Company - EClerx Services Ltd

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. Company’s Total Operating Revenue is Rs. 1551.31 Cr. and Equity Capital is Rs. 33.10 Cr. for the Year ended 31/03/2022.
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

Basic Stock Data of EClerx Services Ltd

Last Updated: May 23, 2024, 3:24 pm

Market Cap 11,159 Cr.
Current Price 2,276
High / Low2,828/1,404
Stock P/E21.8
Book Value 458
Dividend Yield0.04 %
ROCE32.3 %
ROE25.9 %
Face Value 10.0
PEG Ratio0.96

EClerx Services Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales394473486523559592618650687693684722753
Expenses282320345358387410474469496486517517546
Operating Profit112153141165172182143181191207167205207
OPM %28%32%29%32%31%31%23%28%28%30%24%28%28%
Other Income9691410222118581419
Interest5656555556666
Depreciation20242425262825273032283034
Profit before tax96129122135145159135170173174141182187
Tax %26%24%24%26%26%25%27%26%24%24%24%25%26%
Net Profit719892101107118100126131132107136139
EPS in Rs13.5818.8817.4619.2621.0323.4219.5724.8225.8527.0421.6927.7328.28

Last Updated: May 11, 2024, 12:12 pm

EClerx Services Ltd Quarterly Chart

EClerx Services Ltd Profit & Loss

Last Updated: May 27, 2024, 5:21 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4736618419421,3141,3301,3651,4311,4381,5642,1602,6482,852
Expenses2834064866268338699981,1221,1111,1151,4981,9252,066
Operating Profit190255355316482461368309326450662723786
OPM %40%39%42%34%37%35%27%22%23%29%31%27%28%
Other Income22-181132362861494534246646
Interest001112112021232224
Depreciation13263350575248457182103114124
Profit before tax199211332298460436380311281381560653684
Tax %20%19%23%23%26%19%24%27%26%26%25%25%
Net Profit160172256230342354290228209283418489514
EPS in Rs27.5028.7442.3337.8455.8059.3050.0839.2937.6554.0382.3399.71104.74
Dividend Payout %32%44%41%46%1%1%1%2%2%1%1%1%

EClerx Services Ltd Profit & Loss Yearly Chart

EClerx Services Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:15%
3 Years:23%
TTM:10%
Compounded Profit Growth
10 Years:7%
5 Years:18%
3 Years:24%
TTM:7%
Stock Price CAGR
10 Years:15%
5 Years:29%
3 Years:40%
1 Year:46%
Return on Equity
10 Years:25%
5 Years:24%
3 Years:27%
Last Year:26%

Last Updated: May 23, 2024, 3:24 pm

EClerx Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29303030414038383634334848
Reserves3144085596851,0521,1761,1671,3441,2701,4671,5341,6671,925
Borrowings00004162157175163194215
Other Liabilities118163201242192182208201260315324365341
Total Liabilities4616017909571,2881,3981,4191,5841,7231,9912,0552,2742,529
Fixed Assets44135155167365325343348480728713773813
CWIP41110200102210
Investments10035115155219252165286437229196275267
Other Assets3134305186347048209109508061,0331,1451,2061,449
Total Assets4616017909571,2881,3981,4191,5841,7231,9912,0552,2742,529

EClerx Services Ltd Reserves and Borrowings Chart

EClerx Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 173153195243418312305206333365444493
Cash from Investing Activity -83-34-129-62-167-17526-23024-244-55
Cash from Financing Activity -72-53-84-115-165-245-304-54-308-188-416-440
Net Cash Flow1766-176686-10828-774917471-2

EClerx Services Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days333643495259626260685661
Inventory Days
Days Payable
Cash Conversion Cycle333643495259626260685661
Working Capital Days161112225274747050535452
ROCE %69%54%65%46%51%38%30%24%21%24%34%36%

EClerx Services Ltd Financial Efficiency Indicators Chart

EClerx Services Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters53.81%53.81%53.38%53.38%53.38%53.38%53.38%53.61%53.61%53.61%53.61%53.61%
FIIs19.09%16.05%14.92%13.83%13.25%12.03%12.03%12.64%12.62%12.13%11.81%12.19%
DIIs15.75%17.55%19.01%19.34%19.92%20.31%19.94%20.19%20.89%21.64%22.91%22.75%
Government0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public9.18%10.58%10.60%11.30%11.34%12.12%12.48%11.52%11.14%10.92%10.04%9.78%
Others2.18%2.01%2.09%2.15%2.11%2.14%2.17%2.02%1.72%1.68%1.63%1.66%
No. of Shareholders35,59277,36142,30250,89848,20252,43696,62853,24853,48449,71552,63949,157

EClerx Services Ltd Shareholding Pattern Chart

No. of EClerx Services Ltd Shareholders

EClerx Services Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan34595232.92677.37
Nippon India Small Cap Fund16371360.86320.55
DSP Small Cap Fund15414882.55301.82
DSP Mid Cap Fund8618231.17168.74
HDFC Childrens Gift Fund - Regular Plan7189811.92140.78
ICICI Prudential Technology Fund3275970.5964.14
HSBC Small Cap Fund - Regular Plan2393000.4146.85
Bandhan Small Cap Fund2002621.7639.21
L&T Focused Equity Fund2045942.8527
UTI Aggressive Hybrid Fund1348320.5626.4

EClerx Services Ltd ROCE Trend

EClerx Services Ltd EPS Trend

EClerx Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)98.76123.8181.6157.2660.07
Diluted EPS (Rs.)97.15121.5781.2957.2559.98
Cash EPS (Rs.)125.58157.40107.1677.5372.24
Book Value[Excl.RevalReserv]/Share (Rs.)357.36473.99441.60362.00365.56
Book Value[Incl.RevalReserv]/Share (Rs.)357.36473.99441.60362.00365.56
Revenue From Operations / Share (Rs.)551.25652.71460.06398.22378.56
PBDIT / Share (Rs.)164.09207.02141.88102.5694.26
PBIT / Share (Rs.)140.35175.84117.8982.9282.43
PBT / Share (Rs.)135.94169.34111.9377.7182.42
Net Profit / Share (Rs.)101.84126.2283.1757.8960.41
NP After MI And SOA / Share (Rs.)101.77126.1183.0957.8960.40
PBDIT Margin (%)29.7631.7130.8325.7524.89
PBIT Margin (%)25.4526.9425.6220.8221.77
PBT Margin (%)24.6625.9424.3219.5121.77
Net Profit Margin (%)18.4719.3318.0714.5315.95
NP After MI And SOA Margin (%)18.4619.3218.0614.5315.95
Return on Networth / Equity (%)28.5026.6218.8215.9916.53
Return on Capital Employeed (%)34.7932.9123.2719.8721.49
Return On Assets (%)21.3620.1614.0712.0314.29
Long Term Debt / Equity (X)0.000.000.090.000.00
Total Debt / Equity (X)0.000.000.110.000.00
Asset Turnover Ratio (%)1.030.870.710.710.77
Current Ratio (X)3.924.214.215.107.87
Quick Ratio (X)3.914.214.215.107.87
Dividend Payout Ratio (NP) (%)0.670.811.202.092.01
Dividend Payout Ratio (CP) (%)0.540.650.931.561.68
Earning Retention Ratio (%)99.3399.1998.8097.9197.99
Cash Earning Retention Ratio (%)99.4699.3599.0798.4498.32
Interest Coverage Ratio (X)37.2431.8423.7919.689133.46
Interest Coverage Ratio (Post Tax) (X)24.1220.4114.9512.115854.87
Enterprise Value (Cr.)5774.257360.723440.89990.053902.04
EV / Net Operating Revenue (X)2.183.412.200.682.73
EV / EBITDA (X)7.3310.747.132.6710.95
MarketCap / Net Operating Revenue (X)2.343.632.400.923.04
Retention Ratios (%)99.3299.1898.7997.9097.98
Price / BV (X)3.625.012.501.013.15
Price / Net Operating Revenue (X)2.343.632.400.923.04
EarningsYield0.070.050.070.150.05

EClerx Services Ltd Profitability Ratios (%)

EClerx Services Ltd Liquidity Ratios

EClerx Services Ltd Liquidity Ratios (%)

EClerx Services Ltd Interest Coverage Ratios (%)

EClerx Services Ltd Valuation Ratios

Fair Value

Fair Value: ₹2,586.99

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.

Undervalued: 13.66% compared to the current price ₹2276

Intrinsic Value: ₹3,174.42

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 39.47% compared to the current price ₹2276

Last 5 Year EPS CAGR: 22.71%

*Investments are subject to market risks

Strength and Weakness of EClerx Services Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 41.00%, which is a positive sign.
  2. The company has higher reserves (1,120.62 cr) compared to borrowings (70.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (225.31 cr) and profit (398.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 45.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 53.42, which may not be favorable.

FAQ

What is the latest fair value of eClerx Services Ltd?

The latest fair value of eClerx Services Ltd is ₹2586.99.

What is the Market Cap of eClerx Services Ltd?

The Market Cap of eClerx Services Ltd is 11,159 Cr..

What is the current Stock Price of eClerx Services Ltd as on 30 May 2024?

The current stock price of eClerx Services Ltd as on 30 May 2024 is ₹2,276.

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

In FY 2024, the High / Low of eClerx Services Ltd stocks is 2,828/1,404.

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

The Stock P/E of eClerx Services Ltd is 21.8.

What is the Book Value of eClerx Services Ltd?

The Book Value of eClerx Services Ltd is 458.

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 32.3 %.

What is the ROE of eClerx Services Ltd?

The ROE of eClerx Services Ltd is 25.9 %.

What is the Face Value of eClerx Services Ltd?

The Face Value of eClerx Services Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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