eClerx Services (NSE:ECLERX) Ticks All The Boxes When It Comes To Earnings Growth
Jul 03
Indian (NIFTY) Professional Services Industry Analysis
UpdatedJul 04, 2024
DataAggregated Company Financials
Companies60
- 7D3.6%
- 3M0.4%
- 1Y47.9%
- YTD11.1%
In the last week, the Professional Services industry is up 3.6%, with L&T Technology Services leading the way with a 3.4% gain. During this same period, the Airan underperformed, falling 6.3%. This means that the industry has gained 48% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Indian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | ₹1.8t | ₹680.9b | ₹43.8b | 30x | 42.1x | 2.7x |
| Sat, 01 Jun 2024 | ₹1.7t | ₹5.6t | ₹920.0b | 24.6x | 1.8x | 0.3x |
| Mon, 29 Apr 2024 | ₹1.7t | ₹664.9b | ₹42.6b | 27.2x | 40.4x | 2.6x |
| Wed, 27 Mar 2024 | ₹1.7t | ₹654.7b | ₹43.8b | 23.2x | 38.6x | 2.6x |
| Fri, 23 Feb 2024 | ₹1.8t | ₹654.7b | ₹43.8b | 26.7x | 40.3x | 2.7x |
| Sun, 21 Jan 2024 | ₹1.7t | ₹639.2b | ₹43.7b | 25.5x | 38.4x | 2.6x |
| Tue, 19 Dec 2023 | ₹1.6t | ₹636.2b | ₹43.3b | 24.3x | 36.7x | 2.5x |
| Thu, 16 Nov 2023 | ₹1.4t | ₹634.3b | ₹43.2b | 25.8x | 32.6x | 2.2x |
| Sat, 14 Oct 2023 | ₹1.4t | ₹619.6b | ₹42.3b | 26.9x | 33.3x | 2.3x |
| Mon, 11 Sep 2023 | ₹1.4t | ₹619.0b | ₹42.3b | 27.7x | 33.7x | 2.3x |
| Wed, 09 Aug 2023 | ₹1.3t | ₹611.5b | ₹40.0b | 25.8x | 33.3x | 2.2x |
| Fri, 07 Jul 2023 | ₹1.2t | ₹594.3b | ₹39.4b | 24.3x | 30.5x | 2x |
| Sun, 04 Jun 2023 | ₹1.2t | ₹591.0b | ₹39.1b | 23x | 29.7x | 2x |
| Tue, 02 May 2023 | ₹1.1t | ₹585.3b | ₹41.1b | 28.2x | 26.4x | 1.9x |
| Thu, 30 Mar 2023 | ₹988.5b | ₹579.6b | ₹40.5b | 23.8x | 24.4x | 1.7x |
| Sat, 25 Feb 2023 | ₹681.0b | ₹365.9b | ₹23.2b | 26.5x | 29.3x | 1.9x |
| Mon, 23 Jan 2023 | ₹636.4b | ₹356.1b | ₹23.1b | 27.6x | 27.6x | 1.8x |
| Wed, 21 Dec 2022 | ₹720.0b | ₹351.4b | ₹22.5b | 26.1x | 32x | 2x |
| Fri, 18 Nov 2022 | ₹720.1b | ₹349.1b | ₹22.5b | 27.8x | 32x | 2.1x |
| Sun, 16 Oct 2022 | ₹724.1b | ₹330.6b | ₹21.2b | 33.6x | 34.1x | 2.2x |
| Tue, 13 Sep 2022 | ₹758.7b | ₹330.5b | ₹21.2b | 32.9x | 35.7x | 2.3x |
| Thu, 11 Aug 2022 | ₹705.0b | ₹320.0b | ₹21.0b | 34.9x | 33.6x | 2.2x |
| Sat, 09 Jul 2022 | ₹636.6b | ₹308.5b | ₹19.6b | 35.5x | 32.5x | 2.1x |
| Mon, 06 Jun 2022 | ₹695.1b | ₹307.1b | ₹19.2b | 25.6x | 36.2x | 2.3x |
| Wed, 04 May 2022 | ₹756.2b | ₹290.8b | ₹17.6b | 29.1x | 43x | 2.6x |
| Fri, 01 Apr 2022 | ₹870.1b | ₹288.1b | ₹16.9b | 35.3x | 51.4x | 3x |
| Sun, 27 Feb 2022 | ₹784.6b | ₹288.1b | ₹16.9b | 28.5x | 46.4x | 2.7x |
| Tue, 25 Jan 2022 | ₹843.5b | ₹270.5b | ₹15.8b | 28x | 53.5x | 3.1x |
| Thu, 23 Dec 2021 | ₹917.0b | ₹267.6b | ₹15.1b | 20.6x | 60.7x | 3.4x |
| Sat, 20 Nov 2021 | ₹872.1b | ₹254.5b | ₹14.9b | 19.5x | 58.4x | 3.4x |
| Mon, 18 Oct 2021 | ₹816.8b | ₹247.7b | ₹13.8b | 31.5x | 59.2x | 3.3x |
| Wed, 15 Sep 2021 | ₹771.0b | ₹248.2b | ₹13.7b | 48.8x | 56.2x | 3.1x |
| Fri, 13 Aug 2021 | ₹657.4b | ₹248.2b | ₹13.7b | 40.1x | 47.9x | 2.6x |
Price to Earnings Ratio
48.2x
Current Industry PE
- Investors are optimistic on the Indian Professional Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.1x which is higher than its 3-year average PE of 38.4x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 40% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 1.93% | |
| Industrials | 2.27% | |
| Professional Services | 3.63% | |
| HR Services | 3.59% | |
| Research and Consulting Services | 2.62% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry which is trading above its 3-year average PE ratio of 37.6x.
- Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings growth of 8.2% per year.
- Investors are most pessimistic about the HR Services industry, which is trading below its 3-year average of 62.1x.
Forecasted Growth
- Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 0.1% per year.
- In contrast, the Research and Consulting Services industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LTTS L&T Technology Services | ₹5.06k | 3.4% +₹17.5b | 26.5% | PE41.1x | |
| FSL Firstsource Solutions | ₹232.61 | 10.2% +₹14.8b | 80.4% | PE31.1x | |
| RITES RITES | ₹747.70 | 7.6% +₹12.7b | 100.7% | PE39.5x | |
| 543232 Computer Age Management Services | ₹3.72k | 4.8% +₹8.4b | 61.9% | PE51.8x | |
| ECLERX eClerx Services | ₹2.52k | 5.0% +₹5.8b | 50.0% | PE23.7x |
