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eClerx Services

NSEI:ECLERX
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECLERX
NSEI
₹44B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

eClerx Services Limited provides data management, analytics, and process outsourcing services in the United States, the United Kingdom, Europe, and the Asia Pacific. The last earnings update was 82 days ago. More info.


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ECLERX Share Price and Events
7 Day Returns
0.4%
NSEI:ECLERX
1%
IN IT
-1.2%
IN Market
1 Year Returns
-15.3%
NSEI:ECLERX
19.1%
IN IT
-2.5%
IN Market
ECLERX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
eClerx Services (ECLERX) 0.4% -1.7% 6.4% -15.3% -14.4% 24.1%
IN IT 1% 5.1% 9.2% 19.1% 49.1% 81.5%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • ECLERX underperformed the IT industry which returned 19.1% over the past year.
  • ECLERX underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
ECLERX
Industry
5yr Volatility vs Market

Value

 Is eClerx Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of eClerx Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for eClerx Services.

NSEI:ECLERX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ECLERX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 35%) (0%))
1.038
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.038 * 8.6%)
16.47%

Discounted Cash Flow Calculation for NSEI:ECLERX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for eClerx Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ECLERX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.47%)
2019 1,924.00 Analyst x3 1,651.89
2020 2,089.40 Analyst x5 1,540.18
2021 2,091.67 Analyst x3 1,323.79
2022 2,055.14 Est @ -1.75% 1,116.72
2023 2,076.56 Est @ 1.04% 968.77
2024 2,138.75 Est @ 2.99% 856.67
2025 2,232.03 Est @ 4.36% 767.59
2026 2,350.73 Est @ 5.32% 694.08
2027 2,491.48 Est @ 5.99% 631.59
2028 2,652.34 Est @ 6.46% 577.28
Present value of next 10 years cash flows ₹10,128.56
NSEI:ECLERX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,652.34 × (1 + 7.55%) ÷ (16.47% – 7.55%)
₹31,969.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹31,969.69 ÷ (1 + 16.47%)10
₹6,958.15
NSEI:ECLERX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹10,128.56 + ₹6,958.15
₹17,086.71
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹17,086.71 / 38.71
₹441.39
NSEI:ECLERX Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹441.39
Current discount Discount to share price of ₹1,133.45
= -1 x (₹1,133.45 - ₹441.39) / ₹441.39
-156.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of eClerx Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for eClerx Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are eClerx Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ECLERX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹60.88
NSEI:ECLERX Share Price ** NSEI (2019-04-23) in INR ₹1133.45
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.21x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of eClerx Services.

NSEI:ECLERX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:ECLERX Share Price ÷ EPS (both in INR)

= 1133.45 ÷ 60.88

18.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eClerx Services is overvalued based on earnings compared to the IN IT industry average.
  • eClerx Services is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does eClerx Services's expected growth come at a high price?
Raw Data
NSEI:ECLERX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
15.3%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:ECLERX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.62x ÷ 15.3%

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eClerx Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on eClerx Services's assets?
Raw Data
NSEI:ECLERX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹347.46
NSEI:ECLERX Share Price * NSEI (2019-04-23) in INR ₹1133.45
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.35x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:ECLERX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:ECLERX Share Price ÷ Book Value per Share (both in INR)

= 1133.45 ÷ 347.46

3.26x

* Primary Listing of eClerx Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eClerx Services is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess eClerx Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. eClerx Services has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is eClerx Services expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is eClerx Services expected to grow at an attractive rate?
  • eClerx Services's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • eClerx Services's earnings growth is positive but not above the India market average.
  • eClerx Services's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:ECLERX Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ECLERX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 15.3%
NSEI:ECLERX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 8.9%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ECLERX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ECLERX Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 17,086 2,690 2,982 8
2020-03-31 15,562 2,565 2,545 9
2019-03-31 14,318 2,357 2,172 7
NSEI:ECLERX Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 14,266 2,335
2018-09-30 14,089 2,521
2018-06-30 13,838 2,708
2018-03-31 13,651 3,050 2,900
2017-12-31 13,354 3,005
2017-09-30 13,202 3,290
2017-06-30 13,229 3,375
2017-03-31 13,321 3,124 3,540
2016-12-31 13,417 4,011
2016-09-30 13,614 4,006
2016-06-30 13,564 3,835
2016-03-31 13,143 4,177 3,415

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • eClerx Services's earnings are expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
  • eClerx Services's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ECLERX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from eClerx Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ECLERX Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 78.48 104.30 66.20 8.00
2020-03-31 67.37 77.50 62.00 9.00
2019-03-31 57.07 58.90 53.30 7.00
NSEI:ECLERX Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 60.88
2018-09-30 64.99
2018-06-30 69.07
2018-03-31 73.23
2017-12-31 75.68
2017-09-30 82.29
2017-06-30 83.82
2017-03-31 87.35
2016-12-31 98.34
2016-09-30 98.18
2016-06-30 94.15
2016-03-31 83.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • eClerx Services is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess eClerx Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
eClerx Services has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has eClerx Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare eClerx Services's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • eClerx Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • eClerx Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • eClerx Services's 1-year earnings growth is negative, it can't be compared to the IN IT industry average.
Earnings and Revenue History
eClerx Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from eClerx Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ECLERX Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,266.00 2,335.28 602.66
2018-09-30 14,088.60 2,520.91 602.66
2018-06-30 13,838.36 2,707.98 602.66
2018-03-31 13,650.62 2,899.84 602.66
2017-12-31 13,354.49 3,005.23 563.93
2017-09-30 13,202.17 3,290.03 563.93
2017-06-30 13,228.71 3,374.67 563.93
2017-03-31 13,320.80 3,540.27 563.93
2016-12-31 13,416.95 4,011.01 535.18
2016-09-30 13,613.79 4,005.62 535.18
2016-06-30 13,563.57 3,835.37 535.18
2016-03-31 13,143.16 3,414.95 547.48
2015-12-31 12,224.45 3,078.38 1,682.79
2015-09-30 11,197.11 2,799.45 1,682.79
2015-06-30 10,230.27 2,495.15 1,682.79
2015-03-31 9,421.20 2,296.76 435.30
2014-12-31 9,077.54 2,409.53 1,235.48
2014-09-30 8,856.72 2,424.71 1,235.48
2014-06-30 8,684.57 2,473.60 1,235.48
2014-03-31 8,409.94 2,556.56 1,235.23
2013-12-31 7,983.89 2,393.62 1,060.80
2013-09-30 7,496.48 2,259.95 1,060.80
2013-06-30 6,967.38 1,839.84
2013-03-31 6,605.34 1,716.02 1,063.55
2012-12-31 6,137.67 1,538.51 752.74
2012-09-30 5,749.55 1,548.45 752.74
2012-06-30 5,269.94 1,739.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • eClerx Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • eClerx Services used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • eClerx Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess eClerx Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
eClerx Services has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is eClerx Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up eClerx Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • eClerx Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • eClerx Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of eClerx Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • eClerx Services has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from eClerx Services Company Filings, last reported 3 months ago.

NSEI:ECLERX Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13,186.00 0.00
2018-09-30 12,689.95 28.12 8,141.80
2018-06-30 12,313.00 0.00
2018-03-31 12,052.81 63.44 5,970.43
2017-12-31 13,717.30 16.59 8,773.60
2017-09-30 13,717.30 16.59 8,773.60
2017-06-30 12,157.97 10.63 5,991.13
2017-03-31 12,157.97 10.63 5,991.13
2016-12-31 12,931.40 22.37 7,054.63
2016-09-30 12,931.40 22.37 7,054.63
2016-06-30 10,868.91 35.12 5,459.30
2016-03-31 10,933.25 35.12 5,450.03
2015-12-31 8,870.42 0.00 2,970.33
2015-09-30 8,870.42 0.00 2,970.33
2015-06-30 7,150.04 0.00 4,418.62
2015-03-31 7,150.04 0.00 4,418.62
2014-12-31 7,106.04 0.00 3,008.80
2014-09-30 7,106.04 0.00 3,008.80
2014-06-30 5,889.52 0.00 3,560.36
2014-03-31 5,889.52 0.00 3,560.36
2013-12-31 5,937.87 0.00 2,574.51
2013-09-30 5,937.87 0.00 2,574.51
2013-06-30 4,383.30 0.00 2,700.10
2013-03-31 4,383.28 0.00 2,700.09
2012-12-31 4,241.88 0.00 1,708.95
2012-09-30 4,241.88 0.00 1,708.95
2012-06-30 3,432.01 0.00 2,685.44
  • eClerx Services has no debt.
  • eClerx Services had no debt 5 years ago.
  • eClerx Services has no debt, it does not need to be covered by operating cash flow.
  • eClerx Services has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess eClerx Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. eClerx Services has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is eClerx Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.09%
Current annual income from eClerx Services dividends. Estimated to be 2.9% next year.
If you bought ₹2,000 of eClerx Services shares you are expected to receive ₹2 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • eClerx Services's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • eClerx Services's dividend is below the markets top 25% of dividend payers in India (1.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ECLERX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ECLERX Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 34.75 6.00
2020-03-31 31.27 7.00
2019-03-31 30.52 5.00
NSEI:ECLERX Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-07 1.000 0.093
2018-05-23 1.000 0.077
2017-08-22 1.000 0.076
2016-07-13 1.000 0.071
2015-06-23 26.250 2.006
2015-05-25 26.250 2.232
2014-05-20 26.250 2.663
2013-05-24 18.750 2.621
2012-08-23 13.125 2.571
2011-05-18 16.875 3.083
2010-09-16 8.750 1.797
2009-10-28 8.750 2.390
2009-10-15 7.500 2.584
2009-06-01 6.250 2.818
2009-04-24 2.500 1.905

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eClerx Services is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • eClerx Services is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of eClerx Services's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of eClerx Services's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess eClerx Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can eClerx Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. eClerx Services has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of eClerx Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • eClerx Services has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the eClerx Services management team in years:

1.4
Average Tenure
45
Average Age
  • The average tenure for the eClerx Services management team is less than 2 years, this suggests a new team.
Management Team

Priyadarshan Mundhra

TITLE
Co-Founder & Executive Director
COMPENSATION
₹24M
AGE
45

Rohitash Gupta

TITLE
Chief Financial Officer
COMPENSATION
₹22M
AGE
45
TENURE
7.9 yrs

Pratik Bhanushali

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
TENURE
1.3 yrs

Anjan Malik

TITLE
Co-Founder & Non-Executive Director
AGE
48

Scott Houchin

TITLE
Managing Principal of Digital
TENURE
1.4 yrs

Bob Horan

TITLE
Managing Principal of Customer Operations
TENURE
1.4 yrs

Steve Vena

TITLE
Managing Principal of Financial Markets
TENURE
1.4 yrs

Hoshi Mistry

TITLE
Principal of Global Operations
COMPENSATION
₹16M
AGE
46
TENURE
1.4 yrs

Amir Bharwani

TITLE
Principal of HR
TENURE
1.8 yrs

Sandeep Dembi

TITLE
Principal of Financial Services
COMPENSATION
₹30M
AGE
45
Board of Directors Tenure

Average tenure and age of the eClerx Services board of directors in years:

7.4
Average Tenure
49
Average Age
  • The tenure for the eClerx Services board of directors is about average.
Board of Directors

Pradeep Kapoor

TITLE
Chairman
COMPENSATION
₹2M
AGE
73
TENURE
1.4 yrs

Priyadarshan Mundhra

TITLE
Co-Founder & Executive Director
COMPENSATION
₹24M
AGE
45
TENURE
19 yrs

Anjan Malik

TITLE
Co-Founder & Non-Executive Director
AGE
48
TENURE
18.9 yrs

Anish Ghoshal

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
53
TENURE
11.7 yrs

Biren Gabhawala

TITLE
Non Executive Independent Director
COMPENSATION
₹2M
AGE
53
TENURE
7.9 yrs

Deepa Kapoor

TITLE
Non Executive Independent Director
COMPENSATION
₹2M
AGE
50
TENURE
5.1 yrs

Alok Goyal

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
47
TENURE
6.9 yrs

Shailesh Kekre

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
44
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • eClerx Services insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
01. Apr 19 Buy eclerx Services Limited, Employee Welfare Trust Company 27. Mar 19 29. Mar 19 7,200 ₹1,151.70 ₹8,256,202
01. Apr 19 Sell Sanjay Kukreja Individual 28. Mar 19 28. Mar 19 -2,000 ₹1,148.55 ₹-2,297,101
27. Mar 19 Buy eclerx Services Limited, Employee Welfare Trust Company 25. Mar 19 26. Mar 19 4,800 ₹1,152.69 ₹5,532,908
25. Mar 19 Buy eclerx Services Limited, Employee Welfare Trust Company 20. Mar 19 22. Mar 19 4,800 ₹1,153.24 ₹5,535,552
08. Mar 19 Buy eclerx Services Limited, Employee Welfare Trust Company 05. Mar 19 07. Mar 19 10,800 ₹1,052.42 ₹11,363,949
05. Mar 19 Buy eclerx Services Limited, Employee Welfare Trust Company 01. Mar 19 01. Mar 19 3,600 ₹1,050.23 ₹3,780,839
01. Mar 19 Buy eclerx Services Limited, Employee Welfare Trust Company 27. Feb 19 28. Feb 19 7,200 ₹1,026.73 ₹7,392,441
27. Feb 19 Buy eclerx Services Limited, Employee Welfare Trust Company 25. Feb 19 26. Feb 19 7,200 ₹1,013.00 ₹7,293,568
18. Feb 19 Buy eclerx Services Limited, Employee Welfare Trust Company 15. Feb 19 15. Feb 19 3,600 ₹1,039.93 ₹3,743,756
15. Feb 19 Buy eclerx Services Limited, Employee Welfare Trust Company 13. Feb 19 14. Feb 19 7,200 ₹997.10 ₹7,179,137
13. Feb 19 Buy eclerx Services Limited, Employee Welfare Trust Company 11. Feb 19 12. Feb 19 7,200 ₹1,001.77 ₹7,212,732
08. Feb 19 Buy eclerx Services Limited, Employee Welfare Trust Company 06. Feb 19 07. Feb 19 7,200 ₹1,019.64 ₹7,341,392
24. Jan 19 Sell Gokulraj Perumal Individual 23. Jan 19 23. Jan 19 -2,000 ₹1,070.50 ₹-2,141,000
22. Jan 19 Sell Gokulraj Perumal Individual 21. Jan 19 22. Jan 19 -1,453 ₹1,069.06 ₹-1,553,348
04. Jan 19 Buy eclerx Services Limited, Employee Welfare Trust Company 28. Dec 18 28. Dec 18 3,600 ₹1,105.34 ₹3,979,208
28. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 26. Dec 18 27. Dec 18 7,200 ₹1,086.75 ₹7,824,571
24. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 21. Dec 18 21. Dec 18 3,600 ₹1,092.06 ₹3,931,402
21. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 19. Dec 18 20. Dec 18 7,200 ₹1,103.91 ₹7,948,168
20. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 17. Dec 18 18. Dec 18 7,200 ₹1,114.37 ₹8,023,457
17. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 14. Dec 18 14. Dec 18 3,600 ₹1,111.71 ₹4,002,161
14. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 12. Dec 18 13. Dec 18 7,200 ₹1,098.20 ₹7,907,049
13. Dec 18 Sell Scott Houchin Individual 11. Dec 18 11. Dec 18 -2,034 ₹1,050.30 ₹-2,136,310
12. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 10. Dec 18 11. Dec 18 7,200 ₹1,069.12 ₹7,697,647
12. Dec 18 Sell John Stephens Individual 05. Dec 18 05. Dec 18 -1,500 ₹1,050.67 ₹-1,576,000
10. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 06. Dec 18 07. Dec 18 7,200 ₹1,070.65 ₹7,708,709
10. Dec 18 Sell Scott Houchin Individual 07. Dec 18 07. Dec 18 -4,204 ₹1,055.00 ₹-4,435,220
07. Dec 18 Sell Scott Houchin Individual 05. Dec 18 06. Dec 18 -4,762 ₹1,077.84 ₹-5,132,691
06. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 04. Dec 18 05. Dec 18 7,200 ₹1,064.97 ₹7,667,778
03. Dec 18 Buy eclerx Services Limited, Employee Welfare Trust Company 29. Nov 18 30. Nov 18 7,200 ₹1,067.88 ₹7,688,731
29. Nov 18 Buy eclerx Services Limited, Employee Welfare Trust Company 27. Nov 18 28. Nov 18 7,200 ₹1,074.79 ₹7,738,499
23. Nov 18 Buy eclerx Services Limited, Employee Welfare Trust Company 22. Nov 18 22. Nov 18 3,600 ₹1,092.48 ₹3,932,912
22. Nov 18 Buy eclerx Services Limited, Employee Welfare Trust Company 20. Nov 18 21. Nov 18 7,200 ₹209.29 ₹1,506,920
19. Nov 18 Buy eclerx Services Limited, Employee Welfare Trust Company 15. Nov 18 15. Nov 18 43,000 ₹1,190.25 ₹51,180,660
27. Aug 18 Buy eclerx Services Limited, Employee Welfare Trust Company 23. Aug 18 24. Aug 18 20,000 ₹1,108.15 ₹22,162,991
16. Aug 18 Buy eclerx Services Limited, Employee Welfare Trust Company 13. Aug 18 14. Aug 18 86,000 ₹1,159.44 ₹99,711,861
13. Aug 18 Buy eclerx Services Limited, Employee Welfare Trust Company 10. Aug 18 10. Aug 18 43,000 ₹1,202.09 ₹51,690,068
02. Jul 18 Sell Arun Shourie Individual 26. Jun 18 28. Jun 18 -2,303 ₹1,295.88 ₹-2,984,422
29. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 27. Jun 18 29. Jun 18 10,800 ₹1,304.94 ₹14,093,390
27. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 25. Jun 18 26. Jun 18 7,200 ₹1,325.75 ₹9,545,433
26. Jun 18 Sell Manoj Shelar Individual 25. Jun 18 25. Jun 18 -571 ₹1,331.65 ₹-760,374
25. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 22. Jun 18 22. Jun 18 3,600 ₹1,328.88 ₹4,783,960
22. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 20. Jun 18 21. Jun 18 7,200 ₹1,303.71 ₹9,386,679
20. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 18. Jun 18 19. Jun 18 7,200 ₹1,289.48 ₹9,284,269
18. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 13. Jun 18 14. Jun 18 7,200 ₹1,300.83 ₹9,365,999
13. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 12. Jun 18 12. Jun 18 7,200 ₹1,296.72 ₹9,336,361
11. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 08. Jun 18 08. Jun 18 3,600 ₹1,301.79 ₹4,686,439
11. Jun 18 Buy Anjan Malik Individual 11. Jun 18 11. Jun 18 90,000 ₹1,312.31 ₹118,107,895
07. Jun 18 Sell Gokulraj Perumal Individual 04. Jun 18 04. Jun 18 -41 ₹1,309.00 ₹-53,669
04. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 01. Jun 18 01. Jun 18 3,600 ₹1,321.75 ₹4,758,293
01. Jun 18 Buy eclerx Services Limited, Employee Welfare Trust Company 30. May 18 31. May 18 7,200 ₹1,313.01 ₹9,453,662
30. May 18 Buy eclerx Services Limited, Employee Welfare Trust Company 29. May 18 29. May 18 3,600 ₹1,283.24 ₹4,619,662
29. May 18 Sell Gokulraj Perumal Individual 28. May 18 28. May 18 -715 ₹1,280.50 ₹-915,557
28. May 18 Sell Anjan Malik Individual 28. May 18 28. May 18 -28,490 ₹1,280.00 ₹-36,467,199
08. May 18 Sell Gokulraj Perumal Individual 07. May 18 08. May 18 -1,236 ₹1,332.94 ₹-1,647,518
07. May 18 Sell Gokulraj Perumal Individual 04. May 18 04. May 18 -1,000 ₹1,326.00 ₹-1,326,000
02. May 18 Sell Gokulraj Perumal Individual 30. Apr 18 30. Apr 18 -143 ₹1,335.50 ₹-190,976
30. Apr 18 Sell Gokulraj Perumal Individual 27. Apr 18 27. Apr 18 -2,000 ₹1,319.50 ₹-2,639,000
X
Management checks
We assess eClerx Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. eClerx Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should We Worry About eClerx Services Limited's (NSE:ECLERX) P/E Ratio?

We'll look at eClerx Services Limited's (NSE:ECLERX) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate eClerx Services's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did eClerx Services's (NSE:ECLERX) Share Price Deserve to Gain 24%?

But eClerx Services Limited (NSE:ECLERX) has fallen short of that second goal, with a share price rise of 24% over five years, which is below the market return. … During five years of share price growth, eClerx Services achieved compound earnings per share (EPS) growth of 0.3% per year. … This EPS growth is slower than the share price growth of 4.5% per year, over the same period.

Simply Wall St -

eClerx Services Limited (NSE:ECLERX) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is eClerx Services Limited's (NSE:ECLERX) 20% Better Than Average?

Our data shows eClerx Services has a return on equity of 20% for the last year. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Calculating The Fair Value Of eClerx Services Limited (NSE:ECLERX)

Does the January share price for eClerx Services Limited (NSE:ECLERX) reflect it's really worth? … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for eClerx Services by following the link below

Simply Wall St -

Who Has Been Selling eClerx Services Limited (NSE:ECLERX) Shares?

So before you buy or sell eClerx Services Limited (NSE:ECLERX), you may well want to know whether insiders have been buying or selling. … eClerx Services Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of eClerx Services shares, than buying

Simply Wall St -

What Does eClerx Services Limited's (NSE:ECLERX) P/E Ratio Tell You?

We'll show how you can use eClerx Services Limited's (NSE:ECLERX) P/E ratio to inform your assessment of the investment opportunity. … eClerx Services has a P/E ratio of 16.34, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Should You Know About eClerx Services Limited's (NSE:ECLERX) Return On Capital?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in eClerx Services, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Calculating Return On Capital Employed for ECLERX

Simply Wall St -

Where eClerx Services Limited's (NSE:ECLERX) Earnings Growth Stands Against Its Industry

Assessing eClerx Services Limited's (NSE:ECLERX) past track record of performance is a useful exercise for investors. … Was ECLERX's recent earnings decline indicative of a tough track record. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.0%, indicating the rate at which ECLERX is growing has slowed down

Simply Wall St -

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

Today, I will calculate the stock's intrinsic value. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Company Info

Description

eClerx Services Limited provides data management, analytics, and process outsourcing services in the United States, the United Kingdom, Europe, and the Asia Pacific. The company offers financial markets services, such as trade processing support, reconciliation and control, expense management, reference data maintenance, margin and exposure management, accounting and finance, contract risk review, metrics and reporting, and consulting services. It also provides digital services, including creative production, online content management, data management and reporting, 3D and CGI digital asset creation, conversion rate optimization, and marketing campaign execution services, as well as digital and marketing analytics, and digital operations. In addition, the company offers customers services comprising third party vendor monitoring and analysis, customer interaction monitoring, voice provisioning, revenue assurance and account accuracy, chat end-user, and tiered technical support services. It serves retail and eTail, high tech, travel and leisure, software, industrial manufacturing, broadband, cable and telecom, and financial services industries. The company was founded in 2000 and is based in Mumbai, India.

Details
Name: eClerx Services Limited
ECLERX
Exchange: NSEI
Founded: 2000
₹43,971,932,810
38,711,095
Website: http://www.eclerx.com
Address: eClerx Services Limited
Express Towers,
4th Floor,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI ECLERX Equity Shares National Stock Exchange of India IN INR 31. Dec 2007
BSE 532927 Equity Shares Mumbai Stock Exchange IN INR 31. Dec 2007
Number of employees
Current staff
Staff numbers
9,520
eClerx Services employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:54
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.