eClerx Services Past Earnings Performance
Past criteria checks 6/6
eClerx Services has been growing earnings at an average annual rate of 13%, while the Professional Services industry saw earnings growing at 19.2% annually. Revenues have been growing at an average rate of 16.2% per year. eClerx Services's return on equity is 27.6%, and it has net margins of 17.2%.
Key information
12.99%
Earnings growth rate
14.99%
EPS growth rate
| Professional Services Industry Growth | 19.83% |
| Revenue growth rate | 16.22% |
| Return on equity | 27.55% |
| Net Margin | 17.15% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 04
ECLERX: Enterprise AI Execution And Governance Will Drive Future Upside
Analysts have lowered their price target on eClerx Services from ₹2,093.30 to ₹1,859.40, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E levels. What's in the News eClerx Services formed a unified AI organization to support its enterprise AI strategy, focusing on embedding AI directly into operational workflows across its analytics, digital operations, and business process management businesses.Analysis Article • May 16
eClerx Services Limited (NSE:ECLERX) Just Reported Earnings, And Analysts Cut Their Target Price
It's been a sad week for eClerx Services Limited ( NSE:ECLERX ), who've watched their investment drop 11% to ₹1,483 in...Narrative Update • May 10
ECLERX: Planned Stock Split Will Support Future Upside Potential
Analysts have kept their price target for eClerx Services broadly unchanged at ₹2,093. This reflects only small tweaks to inputs such as the discount rate and future P/E assumptions, rather than any major shift in their view on the stock.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...
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...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How eClerx Services makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 41,170 | 7,062 | 0 | 0 |
| 31 Dec 25 | 39,080 | 6,690 | 709 | 0 |
| 30 Sep 25 | 36,915 | 6,141 | 709 | 0 |
| 30 Jun 25 | 35,185 | 5,712 | 0 | 0 |
| 31 Mar 25 | 33,659 | 5,411 | 709 | 0 |
| 31 Dec 24 | 32,341 | 5,195 | 599 | 0 |
| 30 Sep 24 | 31,330 | 5,210 | 599 | 0 |
| 30 Jun 24 | 30,230 | 5,167 | 0 | 0 |
| 31 Mar 24 | 29,255 | 5,115 | 599 | 0 |
| 31 Dec 23 | 28,521 | 5,135 | 668 | 0 |
| 30 Sep 23 | 27,860 | 5,060 | 668 | 0 |
| 30 Jun 23 | 27,145 | 4,959 | 0 | 0 |
| 31 Mar 23 | 26,479 | 4,888 | 668 | 0 |
| 31 Dec 22 | 25,465 | 4,750 | 418 | 0 |
| 30 Sep 22 | 24,190 | 4,505 | 418 | 0 |
| 30 Jun 22 | 22,919 | 4,253 | 0 | 0 |
| 31 Mar 22 | 21,603 | 4,174 | 418 | 0 |
| 31 Dec 21 | 20,415 | 3,974 | 262 | 0 |
| 30 Sep 21 | 18,767 | 3,618 | 262 | 0 |
| 30 Jun 21 | 17,142 | 3,221 | 0 | 0 |
| 31 Mar 21 | 15,645 | 2,826 | 262 | 0 |
| 31 Dec 20 | 14,426 | 2,392 | 304 | 0 |
| 30 Sep 20 | 14,237 | 2,380 | 304 | 0 |
| 30 Jun 20 | 14,194 | 2,209 | 0 | 0 |
| 31 Mar 20 | 14,376 | 2,090 | 304 | 0 |
| 31 Dec 19 | 14,518 | 2,128 | 690 | 0 |
| 30 Sep 19 | 14,339 | 1,818 | 690 | 0 |
| 30 Jun 19 | 14,334 | 2,079 | 0 | 0 |
| 31 Mar 19 | 14,306 | 2,283 | 690 | 0 |
| 31 Dec 18 | 14,266 | 2,335 | 603 | 0 |
| 30 Sep 18 | 14,089 | 2,521 | 603 | 0 |
| 30 Jun 18 | 13,838 | 2,708 | 603 | 0 |
| 31 Mar 18 | 13,651 | 2,900 | 603 | 0 |
| 31 Dec 17 | 13,354 | 3,005 | 564 | 0 |
| 30 Sep 17 | 13,202 | 3,290 | 564 | 0 |
| 30 Jun 17 | 13,229 | 3,375 | 564 | 0 |
| 31 Mar 17 | 13,321 | 3,540 | 564 | 0 |
| 31 Dec 16 | 13,417 | 4,011 | 535 | 0 |
| 30 Sep 16 | 13,614 | 4,006 | 535 | 0 |
| 30 Jun 16 | 13,564 | 3,835 | 535 | 0 |
| 31 Mar 16 | 13,143 | 3,415 | 547 | 0 |
| 31 Dec 15 | 12,224 | 3,078 | 1,683 | 0 |
| 30 Sep 15 | 11,197 | 2,799 | 1,683 | 0 |
| 30 Jun 15 | 10,230 | 2,495 | 1,683 | 0 |
Quality Earnings: ECLERX has high quality earnings.
Growing Profit Margin: ECLERX's current net profit margins (17.2%) are higher than last year (16.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ECLERX's earnings have grown by 13% per year over the past 5 years.
Accelerating Growth: ECLERX's earnings growth over the past year (30.5%) exceeds its 5-year average (13% per year).
Earnings vs Industry: ECLERX earnings growth over the past year (30.5%) exceeded the Professional Services industry 13.6%.
Return on Equity
High ROE: ECLERX's Return on Equity (27.6%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 12:21 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pulkit Chawla | 360 ONE Capital Market Private Limited |
| Nitin Bhasin | Ambit Capital |
| null null | Asian Markets Securities Private Limited |