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eClerx Services Limited

eClerx Services Limited

NSE: ECLERX
Information Technology ServicesTechnologyMID CAPMCap ₹18.01k Cr
₹1,957.00₹-41.20 (-2.06%)

Market Closed • NSE

Market cap₹18.01k Cr
Enterprise value₹17.74k Cr
P/E TTM25.55
Forward P/E19.94
P/B7.07
EPS TTM₹76.60
Forward EPS₹98.14
D/E0.15
Dividend yield0.00%
52W high₹2,497.50
52W low₹1,320.00
Price chart(1Y)
1Y Return:+40.19% (+₹561.00)
H: ₹2,062L: ₹1,320
1W+5.02%
1M+1.77%
3M+1.72%
6M+31.83%
1Y-3.83%
Today at a glance

Day range

₹1,950.00₹2,011.70

52 week range

₹1,320.00₹2,497.50
Volume176.4K1.04x 20D avg
Free float50.00%+4.10% volume

eClerx Services Limited closed at INR1957.00 (-2.06%) on volume 1.04x its 20-day average, trading 21.64% below its 52-week high.

Technical analysis
RSI (14)56.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹72.71High
SMA 20₹1,893.72BULLISH
SMA 50₹1,889.93BULLISH
SMA 100₹1,742.39BULLISH
SMA 200₹1,751.68BULLISH
CPR bottom₹1,962.80
Pivot₹1,974.60
CPR top₹1,986.40
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -13.2% QoQ

2026-08-21

DIVIDEND Announced

Dividend - Re 1 Per Share

2026-03-13

BONUS Announced

Bonus 1:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹385.0 Cr₹18.01k Cr2.14%≤ 33%PASS
Non-halal income ratio–₹4.12k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹3.00k Cr₹3.70k Cr81.15%≥ 20%PASS
Receivables ratio–₹3.70k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E25.5523.00
Forward P/E19.94—
P/B7.073.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield3.904.30
Growth & profitability
RevenuePAT
FY24PAT margin 17.50%
FY25PAT margin 16.10%
FY26PAT margin 17.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.90%
Revenue CAGR 5Y+7.10%
PAT CAGR 3Y+9.30%
PAT CAGR 5Y+6.70%
Operating margin18.71%
Net margin16.81%
Financial health & cash flow
Net debt–Moderate
Interest coverage20.80xEBIT / interest
CFO / PAT1.23x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹873.5 Cr
Capital expenditure–
Free cash flow₹754.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.15x

High Cash Flow Conversion: CFO/PAT averaged 1.23x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Information Technology Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Aug 2026Dividend₹1.00 / share—21 Aug 2026
13 Mar 2026Bonus issue1:1 bonus ratio—13 Mar 2026
17 Dec 2025Buy BackBuy Back—17 Dec 2025
22 Aug 2025Dividend₹1.00 / share—22 Aug 2025
—Dividend₹1.00 / share—06 Sept 2024
04 Jul 2024Buy BackBuy Back—04 Jul 2024
—Dividend₹1.00 / share—31 Aug 2023
27 Dec 2022Buy BackBuy Back—26 Dec 2022
22 Sept 2022Bonus issue1:2 bonus ratio—21 Sept 2022
—Annual General MeetingAnnual General Meeting—07 Sept 2022
22 Aug 2022Dividend₹1.00 / share—19 Aug 2022
30 Sept 2021BuybackBuyback—29 Sept 2021
—Dividend₹1.00 / share—15 Sept 2021
—Dividend₹1.00 / share—16 Sept 2020
—Dividend₹1.00 / share—21 Aug 2019
10 May 2019Buy BackBuy Back—09 May 2019
—Dividend₹1.00 / share—20 Aug 2018
05 Feb 2018BuybackBuyback—02 Feb 2018
—Dividend₹1.00 / share—11 Aug 2017
28 Oct 2016Buy BackBuy Back—27 Oct 2016
—Dividend₹1.00 / share—04 Jul 2016
18 Dec 2015Bonus issue1:3 bonus ratio—17 Dec 2015
—Dividend₹35.00 / share—09 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)48.38%-10.27% latest vs average
Highest delivery67.75%on 07 Oct
Average volume (20D)169.4KTrading-session average
Conviction trendWeakening-10.27% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About eClerx Services Limited
eClerx Services Limited

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. In addition, it offers trade support, client lifecycle, asset servicing, settlements and clearing, and data management; and finance and accounting outsourcing services which comprise automation, procure to pay, order to cash, record to report, and specialty finance, accounting, and FP&A. Further, it provides technology services consisting of digital transformation, strategic managed, application development, and partner ecosystem services. The company serves financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech industries. eClerx Services Limited was incorporated in 2000 and is based in Mumbai, India.

IndiaTechnology

Questions investors ask
Is eClerx Services Limited Shariah compliant?

eClerx Services Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.14%) complies with AAOIFI threshold (≤ 33%).

What is eClerx Services Limited's current valuation relative to peers?

eClerx Services Limited trades at a P/E of 25.5x compared to the sector median of 23x, and a Price-to-Book of 7.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.15x. Interest coverage is 20.8x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.1% while net profit growth averaged 6.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.