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.
Management |
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Name | Position Held |
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Mr. Anish Ghoshal | Chairman(NonExe.&Ind.Director) |
Mr. Kapil Jain | Managing Director & Group CEO |
Mr. P D Mundhra | Executive Director |
Mr. Anjan Malik | Non Executive Director |
Mr. Biren Gabhawala | Ind. Non-Executive Director |
Mr. Srinjay Sengupta | Ind. Non-Executive Director |
Ms. Deepa Kapoor | Ind. Non-Executive Director |
Mr. Shailesh Kekre | Ind. Non-Executive Director |
Mr. Naval Bir Kumar | Ind. Non-Executive Director |
Ms. Bala C Deshpande | Ind. Non-Executive Director |
Mr. Naresh Chand Gupta | Ind. Non-Executive Director |
eClerx Services Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹2,600.00 |
Previous Day | ₹2,560.30 |
Basic Stock Data of EClerx Services Ltd
Market Cap | 12,614 Cr. |
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Current Price | 2,573 |
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High / Low | 2,760/1,221 |
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Stock P/E | 24.9 |
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Book Value | 403 |
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Dividend Yield | 0.04 % |
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ROCE | 36.5 % |
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ROE | 29.3 % |
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Face Value | 10.0 |
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EClerx Services Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 361 | 394 | 473 | 486 | 523 | 559 | 592 | 618 | 650 | 687 | 693 | 684 | 722 |
Expenses | 259 | 282 | 320 | 345 | 358 | 387 | 410 | 474 | 469 | 496 | 486 | 517 | 517 |
Operating Profit | 102 | 112 | 153 | 141 | 165 | 172 | 182 | 143 | 181 | 191 | 207 | 167 | 205 |
OPM % | 28% | 28% | 32% | 29% | 32% | 31% | 31% | 23% | 28% | 28% | 30% | 24% | 28% |
Other Income | 6 | 9 | 6 | 9 | 1 | 4 | 10 | 22 | 21 | 18 | 5 | 8 | 14 |
Interest | 5 | 5 | 6 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 |
Depreciation | 20 | 20 | 24 | 24 | 25 | 26 | 28 | 25 | 27 | 30 | 32 | 28 | 30 |
Profit before tax | 83 | 96 | 129 | 122 | 135 | 145 | 159 | 135 | 170 | 173 | 174 | 141 | 182 |
Tax % | 26% | 26% | 24% | 24% | 26% | 26% | 25% | 27% | 26% | 24% | 24% | 24% | 25% |
Net Profit | 61 | 71 | 98 | 92 | 101 | 107 | 118 | 100 | 126 | 131 | 132 | 107 | 136 |
EPS in Rs | 11.66 | 13.58 | 18.88 | 17.46 | 19.26 | 21.03 | 23.42 | 19.57 | 24.82 | 25.85 | 27.04 | 21.69 | 27.73 |
EClerx Services Ltd Quarterly Chart
EClerx Services Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 473 | 661 | 841 | 942 | 1,314 | 1,330 | 1,365 | 1,431 | 1,438 | 1,564 | 2,160 | 2,648 | 2,786 |
Expenses | 283 | 406 | 486 | 626 | 833 | 869 | 998 | 1,122 | 1,111 | 1,115 | 1,498 | 1,925 | 2,017 |
Operating Profit | 190 | 255 | 355 | 316 | 482 | 461 | 368 | 309 | 326 | 450 | 662 | 723 | 769 |
OPM % | 40% | 39% | 42% | 34% | 37% | 35% | 27% | 22% | 23% | 29% | 31% | 27% | 28% |
Other Income | 22 | -18 | 11 | 32 | 36 | 28 | 61 | 49 | 45 | 34 | 24 | 66 | 45 |
Interest | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 20 | 21 | 23 | 22 | 23 |
Depreciation | 13 | 26 | 33 | 50 | 57 | 52 | 48 | 45 | 71 | 82 | 103 | 114 | 120 |
Profit before tax | 199 | 211 | 332 | 298 | 460 | 436 | 380 | 311 | 281 | 381 | 560 | 653 | 671 |
Tax % | 20% | 19% | 23% | 23% | 26% | 19% | 24% | 27% | 26% | 26% | 25% | 25% | |
Net Profit | 160 | 172 | 256 | 230 | 342 | 354 | 290 | 228 | 209 | 283 | 418 | 489 | 506 |
EPS in Rs | 27.50 | 28.74 | 42.33 | 37.84 | 55.80 | 59.30 | 50.08 | 39.29 | 37.65 | 54.03 | 82.33 | 99.71 | 102.31 |
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
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Compounded Sales Growth |
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10 Years:: | 15% |
5 Years:: | 14% |
3 Years:: | 23% |
TTM:: | 15% |
EClerx Services Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 11% |
5 Years:: | 12% |
3 Years:: | 32% |
TTM:: | 12% |
EClerx Services Ltd Growth
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Stock Price CAGR |
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10 Years:: | 17% |
5 Years:: | 30% |
3 Years:: | 70% |
1 Year:: | 84% |
EClerx Services Ltd Growth
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Return on Equity |
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10 Years:: | 26% |
5 Years:: | 22% |
3 Years:: | 25% |
Last Year:: | 29% |
EClerx Services Ltd Balance Sheet
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 29 | 30 | 30 | 30 | 41 | 40 | 38 | 38 | 36 | 34 | 33 | 48 | 48 |
Reserves | 314 | 408 | 559 | 685 | 1,052 | 1,176 | 1,167 | 1,344 | 1,270 | 1,467 | 1,534 | 1,667 | 1,925 |
Borrowings | 0 | 0 | 0 | 0 | 4 | 1 | 6 | 2 | 157 | 175 | 163 | 194 | 215 |
Other Liabilities | 118 | 163 | 201 | 242 | 192 | 182 | 208 | 201 | 260 | 315 | 324 | 365 | 341 |
Total Liabilities | 461 | 601 | 790 | 957 | 1,288 | 1,398 | 1,419 | 1,584 | 1,723 | 1,991 | 2,055 | 2,274 | 2,529 |
Fixed Assets | 44 | 135 | 155 | 167 | 365 | 325 | 343 | 348 | 480 | 728 | 713 | 773 | 813 |
CWIP | 4 | 1 | 1 | 1 | 0 | 2 | 0 | 0 | 1 | 0 | 2 | 21 | 0 |
Investments | 100 | 35 | 115 | 155 | 219 | 252 | 165 | 286 | 437 | 229 | 196 | 275 | 267 |
Other Assets | 313 | 430 | 518 | 634 | 704 | 820 | 910 | 950 | 806 | 1,033 | 1,145 | 1,206 | 1,449 |
Total Assets | 461 | 601 | 790 | 957 | 1,288 | 1,398 | 1,419 | 1,584 | 1,723 | 1,991 | 2,055 | 2,274 | 2,529 |
EClerx Services Ltd Reserves and Borrowings Chart
EClerx Services Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 173 | 153 | 195 | 243 | 418 | 312 | 305 | 206 | 333 | 365 | 444 | 493 |
Cash from Investing Activity | -83 | -34 | -129 | -62 | -167 | -175 | 26 | -230 | 24 | -2 | 44 | -55 |
Cash from Financing Activity | -72 | -53 | -84 | -115 | -165 | -245 | -304 | -54 | -308 | -188 | -416 | -440 |
Net Cash Flow | 17 | 66 | -17 | 66 | 86 | -108 | 28 | -77 | 49 | 174 | 71 | -2 |
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EClerx Services Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 33 | 36 | 43 | 49 | 52 | 59 | 62 | 62 | 60 | 68 | 56 | 61 |
Inventory Days | | | | | | | | | | | | |
Days Payable | | | | | | | | | | | | |
Cash Conversion Cycle | 33 | 36 | 43 | 49 | 52 | 59 | 62 | 62 | 60 | 68 | 56 | 61 |
Working Capital Days | 16 | 11 | 12 | 22 | 52 | 74 | 74 | 70 | 50 | 53 | 54 | 52 |
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
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 53.81% | 53.81% | 53.81% | 53.81% | 53.38% | 53.38% | 53.38% | 53.38% | 53.38% | 53.61% | 53.61% | 53.61% |
FIIs | 18.56% | 18.86% | 19.09% | 16.05% | 14.92% | 13.83% | 13.25% | 12.03% | 12.03% | 12.64% | 12.62% | 12.13% |
DIIs | 13.69% | 15.13% | 15.75% | 17.55% | 19.01% | 19.34% | 19.92% | 20.31% | 19.94% | 20.19% | 20.89% | 21.64% |
Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
Public | 11.41% | 9.67% | 9.18% | 10.58% | 10.60% | 11.30% | 11.34% | 12.12% | 12.48% | 11.52% | 11.14% | 10.92% |
Others | 2.53% | 2.53% | 2.18% | 2.01% | 2.09% | 2.15% | 2.11% | 2.14% | 2.17% | 2.02% | 1.72% | 1.68% |
No. of Shareholders | 40,054 | 33,751 | 35,592 | 77,361 | 42,302 | 50,898 | 48,202 | 52,436 | 96,628 | 53,248 | 53,484 | 49,715 |
EClerx Services Ltd Shareholding Pattern Chart
No. of EClerx Services Ltd Shareholders
EClerx Services Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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HDFC Small Cap Fund - Regular Plan | 3459523 | 2.92 | 677.37 |
Nippon India Small Cap Fund | 1637136 | 0.86 | 320.55 |
DSP Small Cap Fund | 1541488 | 2.55 | 301.82 |
DSP Mid Cap Fund | 861823 | 1.17 | 168.74 |
HDFC Childrens Gift Fund - Regular Plan | 718981 | 1.92 | 140.78 |
ICICI Prudential Technology Fund | 327597 | 0.59 | 64.14 |
HSBC Small Cap Fund - Regular Plan | 239300 | 0.41 | 46.85 |
Bandhan Small Cap Fund | 200262 | 1.76 | 39.21 |
L&T Focused Equity Fund | 204594 | 2.85 | 27 |
UTI Aggressive Hybrid Fund | 134832 | 0.56 | 26.4 |
EClerx Services Ltd ROCE Trend
EClerx Services Ltd EPS Trend
EClerx Services Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 98.76 | 123.81 | 81.61 | 57.26 | 60.07 |
Diluted EPS (Rs.) | 97.15 | 121.57 | 81.29 | 57.25 | 59.98 |
Cash EPS (Rs.) | 125.58 | 157.40 | 107.16 | 77.53 | 72.24 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 357.36 | 473.99 | 441.60 | 362.00 | 365.56 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 357.36 | 473.99 | 441.60 | 362.00 | 365.56 |
Revenue From Operations / Share (Rs.) | 551.25 | 652.71 | 460.06 | 398.22 | 378.56 |
PBDIT / Share (Rs.) | 164.09 | 207.02 | 141.88 | 102.56 | 94.26 |
PBIT / Share (Rs.) | 140.35 | 175.84 | 117.89 | 82.92 | 82.43 |
PBT / Share (Rs.) | 135.94 | 169.34 | 111.93 | 77.71 | 82.42 |
Net Profit / Share (Rs.) | 101.84 | 126.22 | 83.17 | 57.89 | 60.41 |
NP After MI And SOA / Share (Rs.) | 101.77 | 126.11 | 83.09 | 57.89 | 60.40 |
PBDIT Margin (%) | 29.76 | 31.71 | 30.83 | 25.75 | 24.89 |
PBIT Margin (%) | 25.45 | 26.94 | 25.62 | 20.82 | 21.77 |
PBT Margin (%) | 24.66 | 25.94 | 24.32 | 19.51 | 21.77 |
Net Profit Margin (%) | 18.47 | 19.33 | 18.07 | 14.53 | 15.95 |
NP After MI And SOA Margin (%) | 18.46 | 19.32 | 18.06 | 14.53 | 15.95 |
Return on Networth / Equity (%) | 28.50 | 26.62 | 18.82 | 15.99 | 16.53 |
Return on Capital Employeed (%) | 34.79 | 32.91 | 23.27 | 19.87 | 21.49 |
Return On Assets (%) | 21.36 | 20.16 | 14.07 | 12.03 | 14.29 |
Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 |
Total Debt / Equity (X) | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 |
Asset Turnover Ratio (%) | 1.03 | 0.87 | 0.71 | 0.71 | 0.77 |
Current Ratio (X) | 3.92 | 4.21 | 4.21 | 5.10 | 7.87 |
Quick Ratio (X) | 3.91 | 4.21 | 4.21 | 5.10 | 7.87 |
Dividend Payout Ratio (NP) (%) | 0.67 | 0.81 | 1.20 | 2.09 | 2.01 |
Dividend Payout Ratio (CP) (%) | 0.54 | 0.65 | 0.93 | 1.56 | 1.68 |
Earning Retention Ratio (%) | 99.33 | 99.19 | 98.80 | 97.91 | 97.99 |
Cash Earning Retention Ratio (%) | 99.46 | 99.35 | 99.07 | 98.44 | 98.32 |
Interest Coverage Ratio (%) | 37.24 | 31.84 | 23.79 | 19.68 | 9133.46 |
Interest Coverage Ratio (Post Tax) (%) | 24.12 | 20.41 | 14.95 | 12.11 | 5854.87 |
Enterprise Value (Cr.) | 5774.25 | 7360.72 | 3440.89 | 990.05 | 3902.04 |
EV / Net Operating Revenue (X) | 2.18 | 3.41 | 2.20 | 0.68 | 2.73 |
EV / EBITDA (X) | 7.33 | 10.74 | 7.13 | 2.67 | 10.95 |
MarketCap / Net Operating Revenue (X) | 2.34 | 3.63 | 2.40 | 0.92 | 3.04 |
Retention Ratios (%) | 99.32 | 99.18 | 98.79 | 97.90 | 97.98 |
Price / BV (X) | 3.62 | 5.01 | 2.50 | 1.01 | 3.15 |
Price / Net Operating Revenue (X) | 2.34 | 3.63 | 2.40 | 0.92 | 3.04 |
EarningsYield | 0.07 | 0.05 | 0.07 | 0.15 | 0.05 |
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 of EClerx Services Ltd Stock
Fair Value: ₹2941.34
The stock is undervalued by 14.32% compared to the current price ₹2573
*Investments are subject to market risks
Strength and Weakness of EClerx Services Ltd Stock
Strength | Weakness |
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The company has higher reserves compared to borrowings, indicating strong financial stability. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. |