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eClerx Services LimitedNSEI:ECLERX Stock Report

Market Cap ₹154.6b
Share Price
₹1.67k
₹2.09k
20.3% undervalued intrinsic discount
1Y36.3%
7D16.8%
Portfolio Value
View

eClerx Services Limited

NSEI:ECLERX Stock Report

Market Cap: ₹154.6b

eClerx Services (ECLERX) Stock Overview

Provides business process management, change management, data-driven insights, and advanced analytics services in India, the United States, the United Kingdom, Europe, and the Asia Pacific. More details

ECLERX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends0/6

ECLERX Community Fair Values

Create Narrative

See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

eClerx Services Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for eClerx Services
Historical stock prices
Current Share Price₹1,668.70
52 Week High₹2,497.50
52 Week Low₹1,243.00
Beta0.37
1 Month Change11.55%
3 Month Change-20.27%
1 Year Change36.25%
3 Year Change152.80%
5 Year Change309.97%
Change since IPO3,400.77%

Recent News & Updates

Narrative Update Apr 24

ECLERX: Planned Stock Split And Bonus Shares Will Support Future Upside

Analysts have maintained the price target for eClerx Services at ₹2,093.30, reflecting only minor adjustments in underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view. What's in the News eClerx Services was named a Representative Vendor in the Gartner Market Guide for Digital Shelf Analytics, highlighting its role in providing insights across multiple online marketplaces and channels (Key Developments).
Narrative Update Apr 10

ECLERX: Planned Bonus Shares And Stock Split Will Support Future Upside

Narrative Update The analyst price target for eClerx Services has been revised from ₹2,336 to ₹2,093, with analysts pointing to changes in assumed revenue growth, profit margin and future P/E expectations as key drivers of the update. What's in the News eClerx Services was named a Representative Vendor in the Gartner Market Guide for Digital Shelf Analytics, reflecting its role in providing insights across multiple online marketplaces, retailers and social networks through its Market360 solution (Key Developments).

Recent updates

Narrative Update Apr 24

ECLERX: Planned Stock Split And Bonus Shares Will Support Future Upside

Analysts have maintained the price target for eClerx Services at ₹2,093.30, reflecting only minor adjustments in underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view. What's in the News eClerx Services was named a Representative Vendor in the Gartner Market Guide for Digital Shelf Analytics, highlighting its role in providing insights across multiple online marketplaces and channels (Key Developments).
Narrative Update Apr 10

ECLERX: Planned Bonus Shares And Stock Split Will Support Future Upside

Narrative Update The analyst price target for eClerx Services has been revised from ₹2,336 to ₹2,093, with analysts pointing to changes in assumed revenue growth, profit margin and future P/E expectations as key drivers of the update. What's in the News eClerx Services was named a Representative Vendor in the Gartner Market Guide for Digital Shelf Analytics, reflecting its role in providing insights across multiple online marketplaces, retailers and social networks through its Market360 solution (Key Developments).
Narrative Update Mar 26

ECLERX: Planned Bonus Shares And Stock Split Will Support Future Upside

Analysts have adjusted the fair value estimate for eClerx Services to ₹2,336 from ₹4,792. This reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E multiples.
New Narrative Mar 21

Agentic AI And New Delivery Centers Will Transform Long Term Earnings Power

Catalysts About eClerx Services eClerx Services provides data driven process management, analytics and automation solutions for global clients across financial services, technology, communications, media and other industries. What are the underlying business or industry changes driving this perspective?
Narrative Update Mar 12

ECLERX: Bonus Share Proposal And Completed Buyback Will Support Future Upside

Analysts have revised their price target for eClerx Services to ₹4,792, down from ₹5,057, after updating their assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E based on recent information. What's in the News A board meeting is scheduled for January 28, 2026, to review and approve unaudited consolidated and standalone financial results for the quarter and period ended December 31, 2025, and to consider a proposal for issuing bonus equity shares, subject to regulatory and shareholder approvals (Key Developments).
New Narrative Mar 04

Agentic AI And New Delivery Centers Will Shape A Steady Yet Constrained Future

Catalysts About eClerx Services eClerx Services provides data driven operations, analytics and technology services to large global enterprises across sectors such as financial services, communications, media, technology, fashion and manufacturing. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 26

ECLERX: Bonus Share Proposal And Completed Buyback Will Support Future Upside

Analysts have adjusted their price target for eClerx Services slightly lower, from ₹5,194.10 to ₹5,057.00. This reflects updated fair value estimates and a modest recalibration of the assumed discount rate and future P/E multiple.
Narrative Update Feb 11

ECLERX: Egypt Expansion And Buyback Completion Will Support Future Upside

Analysts have lifted their price target for eClerx Services from about ₹5,040.80 to roughly ₹5,194.10, citing updated assumptions around discount rate, revenue growth, profit margins and future P/E, which collectively support a slightly higher fair value estimate. What's in the News Board meeting scheduled for January 28, 2026 to consider unaudited consolidated and standalone financial results for the quarter ended December 31, 2025, and a proposal to issue bonus equity shares, subject to shareholder and regulatory approvals (company event filing).
Analysis Article Jan 31

eClerx Services Limited (NSE:ECLERX) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

It's been a good week for eClerx Services Limited ( NSE:ECLERX ) shareholders, because the company has just released...
Analysis Article Jan 29

Here's Why We Think eClerx Services (NSE:ECLERX) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Jan 27

ECLERX: Egypt Expansion And Buyback Completion Will Support Future Upside

Analysts have nudged their fair value estimate for eClerx Services to ₹5,040.80 from ₹4,959.40, reflecting refreshed assumptions around discount rate, revenue growth, profit margin and future P/E that slightly adjust the stock's risk and earnings outlook in their models. What's in the News Board meeting scheduled for January 28, 2026 to review and approve unaudited consolidated and standalone financial results for the quarter and period ended December 31, 2025, and to consider a proposal for issuing bonus equity shares, subject to shareholder and regulatory approvals (company filing).
Narrative Update Jan 11

ECLERX: Egypt Expansion And Completed Buyback Will Support Balanced Outlook

Analysts have adjusted their price target on eClerx Services slightly higher to ₹4,959.4 from ₹4,890.4, reflecting updated assumptions regarding revenue growth, profit margins and future P/E expectations. What's in the News Board meeting on October 24, 2025 to consider unaudited financial results for the quarter and half year ended September 30, 2025 and to review a proposal for an equity share buyback (Board Meeting).
Analysis Article Jan 11

eClerx Services (NSE:ECLERX) Knows How To Allocate Capital Effectively

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Narrative Update Dec 24

ECLERX: Egypt Expansion And Share Buyback Will Shape Balanced Outlook

Analysts have nudged their price target for eClerx Services broadly in line with prior estimates, reflecting only marginal tweaks to discount rate, revenue growth, and profit margin assumptions that leave the stock’s fair value effectively unchanged at INR 4,890.40. What's in the News Signed a Memorandum of Understanding with Egypt's Information Technology Industry Development Agency to expand multilingual support and technology-led services, leveraging Egypt's talent pool and infrastructure to enhance global delivery capabilities (Strategic Alliances) The Board of Directors authorized a share buyback plan on October 24, 2025, as part of broader capital allocation decisions (Buyback Transaction Announcements) Announced a share repurchase program of up to 666,666 shares, later adjusted to 625,000 shares, with the maximum buyback price raised from INR 4,500 to INR 4,800 per share, totaling INR 3,000 million and representing about 1.4 percent of share capital, subject to shareholder approval via postal ballot (Buyback Transaction Announcements) Scheduled a Special or Extraordinary Shareholders Meeting via postal ballot on December 4, 2025, with the key agenda of approving the equity share buyback through the tender offer route (Special or Extraordinary Shareholders Meeting) A Board meeting on October 24, 2025 is set to review unaudited financial results for the quarter and half year ended September 30, 2025, and to formally consider and approve the equity share buyback proposal and related matters in line with Indian company and securities regulations (Board Meeting) Valuation Changes Fair Value: Remains unchanged at ₹4,890.40 per share, indicating no material revision to intrinsic value estimates.
Narrative Update Dec 09

ECLERX: Buyback And Egypt Expansion Will Guide Balanced Future Outlook

Analysts have nudged their price target on eClerx Services slightly higher to ₹4,890 from ₹4,850, citing marginally improved assumptions for fair value, discount rate, and future earnings multiples. What's in the News Signed a Memorandum of Understanding with Egypt's Information Technology Industry Development Agency to expand multilingual support and technology led services, leveraging a growing delivery center in Cairo to better serve US and European clients (company announcement) Board of Directors authorized a share buyback plan on October 24, 2025, as part of a broader capital allocation strategy (board resolution) Announced a share repurchase program of up to 666,666 shares, about 1.4 percent of outstanding equity, for up to INR 3,000 million at a maximum price of INR 4,500 per share, funded through cash and subject to shareholder approval (buyback announcement) Scheduled a special shareholders meeting via postal ballot on December 4, 2025, to seek approval for the equity share buyback through the tender offer route (shareholder meeting notice) Board meeting on October 24, 2025, set to review unaudited quarterly and half year results and formally consider the detailed buyback proposal under applicable Indian corporate and securities regulations (board meeting agenda) Valuation Changes Fair Value: Target price has risen slightly to ₹4,890.4 from ₹4,850.4, reflecting a modest upward revision in intrinsic value estimates.
Narrative Update Nov 25

ECLERX: Share Buyback And Egypt Agreement Will Shape Outlook Ahead

Analysts have maintained their price target for eClerx Services at ₹4,850.40. They cite stable assumptions for revenue growth, profit margin, and valuation multiples as reasons for this decision.
Narrative Update Nov 10

ECLERX: Share Buyback Announcement Will Drive Investor Optimism Forward

Analysts have raised their price target for eClerx Services from ₹4,330.70 to ₹4,850.40, citing improved growth and profitability expectations. What's in the News The Board of Directors authorized a share buyback plan on October 24, 2025 (Board Meeting).
Narrative Update Oct 27

Share Repurchase Plans And Strong Profit Margins Will Drive Future Potential

Analysts have raised their price target for eClerx Services from ₹4,053.20 to ₹4,330.70, citing improved profit margin expectations, which outweigh slightly moderated revenue growth forecasts. What's in the News eClerx Services Limited has announced a share repurchase program, planning to buy back up to 666,666 shares, which represents 1.4% of its share capital for a total of INR 3,000 million, at a price not exceeding INR 4,500 per share, funded through cash.
Analysis Article Oct 22

Here's Why eClerx Services (NSE:ECLERX) Has Caught The Eye Of Investors

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Sep 30

Earnings Not Telling The Story For eClerx Services Limited (NSE:ECLERX)

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 27x, you may consider eClerx...
Narrative Update Sep 05

BFSI Compliance And Digital Transformation Will Unlock Future Potential

Despite a marginal uptick in the discount rate to 13.08%, both the future P/E and the consensus analyst price target for eClerx Services remained essentially unchanged at 29.97x and ₹4053, respectively. What's in the News Board meeting scheduled to approve and record un-audited financial results for the quarter/period ended June 30, 2025.
Analysis Article Aug 30

eClerx Services (NSE:ECLERX) Is Investing Its Capital With Increasing Efficiency

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jul 31

Does eClerx Services (NSE:ECLERX) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 04

eClerx Services (NSE:ECLERX) Ticks All The Boxes When It Comes To Earnings Growth

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article May 20

eClerx Services Limited's (NSE:ECLERX) 31% Price Boost Is Out Of Tune With Earnings

eClerx Services Limited ( NSE:ECLERX ) shares have had a really impressive month, gaining 31% after a shaky period...
Analysis Article May 17

eClerx Services Limited (NSE:ECLERX) Analysts Are Pretty Bullish On The Stock After Recent Results

Shareholders will be ecstatic, with their stake up 35% over the past week following eClerx Services Limited 's...
Analysis Article Apr 24

Returns on Capital Paint A Bright Future For eClerx Services (NSE:ECLERX)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Analysis Article Mar 17

Is There Now An Opportunity In eClerx Services Limited (NSE:ECLERX)?

eClerx Services Limited ( NSE:ECLERX ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article Mar 04

Pinning Down eClerx Services Limited's (NSE:ECLERX) P/E Is Difficult Right Now

There wouldn't be many who think eClerx Services Limited's ( NSE:ECLERX ) price-to-earnings (or "P/E") ratio of 23.7x...
User avatar
New Narrative Feb 24

New Facilities And Gen AI Integration Expected To Strengthen Global Service Delivery

Expansion into new facilities and countries, alongside geodiversification, is expected to drive revenue growth and improve operating margins by accessing new markets.
Analysis Article Feb 17

We Think eClerx Services (NSE:ECLERX) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Feb 01

The eClerx Services Limited (NSE:ECLERX) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

eClerx Services Limited ( NSE:ECLERX ) last week reported its latest third-quarter results, which makes it a good time...
Analysis Article Nov 26

eClerx Services (NSE:ECLERX) Could Become A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article Nov 08

eClerx Services Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

A week ago, eClerx Services Limited ( NSE:ECLERX ) came out with a strong set of second-quarter numbers that could...
Analysis Article Nov 01

Here's Why We Think eClerx Services (NSE:ECLERX) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Sep 26

What Is eClerx Services Limited's (NSE:ECLERX) Share Price Doing?

eClerx Services Limited ( NSE:ECLERX ), might not be a large cap stock, but it saw a significant share price rise of...
Analysis Article Sep 13

eClerx Services Limited (NSE:ECLERX) Looks Inexpensive But Perhaps Not Attractive Enough

With a price-to-earnings (or "P/E") ratio of 26.1x eClerx Services Limited ( NSE:ECLERX ) may be sending bullish...
Analysis Article Aug 30

eClerx Services (NSE:ECLERX) Seems To Use Debt Rather Sparingly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 16

Analysts Are Updating Their eClerx Services Limited (NSE:ECLERX) Estimates After Its First-Quarter Results

eClerx Services Limited ( NSE:ECLERX ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article Jul 21

Why The 25% Return On Capital At eClerx Services (NSE:ECLERX) Should Have Your Attention

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jul 03

eClerx Services (NSE:ECLERX) Ticks All The Boxes When It Comes To Earnings Growth

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Jun 08

There Is A Reason eClerx Services Limited's (NSE:ECLERX) Price Is Undemanding

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 30x, you may consider eClerx...
Analysis Article May 07

A Look At The Intrinsic Value Of eClerx Services Limited (NSE:ECLERX)

Key Insights eClerx Services' estimated fair value is ₹2,022 based on 2 Stage Free Cash Flow to Equity eClerx Services...
Analysis Article Mar 22

Should You Investigate eClerx Services Limited (NSE:ECLERX) At ₹2,358?

eClerx Services Limited ( NSE:ECLERX ), is not the largest company out there, but it saw significant share price...
Analysis Article Mar 08

If EPS Growth Is Important To You, eClerx Services (NSE:ECLERX) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Feb 16

eClerx Services (NSE:ECLERX) Is Very Good At Capital Allocation

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Feb 04

eClerx Services Limited (NSE:ECLERX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in eClerx Services Limited ( NSE:ECLERX ) had a good week, as its shares rose 3.0% to close at ₹2,687...
Analysis Article Feb 02

Earnings Working Against eClerx Services Limited's (NSE:ECLERX) Share Price

When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 32x, you may consider eClerx...

Shareholder Returns

ECLERXIN Professional ServicesIN Market
7D16.8%9.7%2.1%
1Y36.3%-1.6%8.1%

Return vs Industry: ECLERX exceeded the Indian Professional Services industry which returned -1.6% over the past year.

Return vs Market: ECLERX exceeded the Indian Market which returned 8.1% over the past year.

Price Volatility

Is ECLERX's price volatile compared to industry and market?
ECLERX volatility
ECLERX Average Weekly Movement7.0%
Professional Services Industry Average Movement7.8%
Market Average Movement7.1%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.7%

Stable Share Price: ECLERX has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: ECLERX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200012,221Kapil Jaineclerx.com

eClerx Services Limited provides business process management, change management, data-driven insights, and advanced analytics services in India, the United States, the United Kingdom, Europe, and the Asia Pacific. It offers omnichannel customer support services, customer care journey mapping and insights, automated quality monitoring, workforce management, and field technical operations; digital marketing services, including omnichannel campaigns, creative production, MarTech enablement, search and media operations, and content and commerce services; and creative and content productions, such as photo/video, post-production, 3D CGI, VR/AR, digital workflows, and omnichannel delivery. The company also provides market intelligence services which include digital shelf analytics, competitor intelligence, pricing intelligence, assortment optimization, product launch, revenue and yield management, and bid management; anti-money laundering, anti-bribery and compliance, fraud detection and prevention, know your customer, compliance monitoring and audits, and regulatory reporting; and customer, marketing, sales, and operations analytics, as well as business intelligence and data visualization, and enterprise data management.

eClerx Services Limited Fundamentals Summary

How do eClerx Services's earnings and revenue compare to its market cap?
ECLERX fundamental statistics
Market cap₹154.55b
Earnings (TTM)₹6.69b
Revenue (TTM)₹39.08b
23.1x
P/E Ratio
4.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ECLERX income statement (TTM)
Revenue₹39.08b
Cost of Revenue₹24.79b
Gross Profit₹14.29b
Other Expenses₹7.60b
Earnings₹6.69b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 13, 2026

Earnings per share (EPS)72.23
Gross Margin36.57%
Net Profit Margin17.12%
Debt/Equity Ratio15.0%

How did ECLERX perform over the long term?

See historical performance and comparison

Dividends

0.03%
Current Dividend Yield
0.8757%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/09 22:59
End of Day Share Price 2026/05/08 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

eClerx Services Limited is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Pulkit Chawla360 ONE Capital Market Private Limited
Nitin BhasinAmbit Capital