eClerx Services Limited (IN:ECLERX)
:ECLERX
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eClerx Services Limited
(ECLERX)
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Rating:69Neutral
Price Target:
₹1,520.00
▼(-68.16% Downside)
Action:DowngradedDate:02/28/26
The score is primarily supported by strong financial performance (growth, healthy margins, and solid cash generation). This is meaningfully offset by very weak technicals (price below major moving averages and negative MACD with extremely low RSI/Stochastic). Valuation is moderate with a supportive dividend yield.
Positive Factors
Strong Revenue & EPS Growth
Double‑digit revenue growth (~20.8%) and high EPS growth (~30.8%) reflect durable demand for outsourced BPM and analytics. Sustained top‑line and earnings expansion supports scale economies, recurring contract renewals, and reinvestment capacity over the next 2‑6 months.
Negative Factors
EBITDA Margin Softening
A noted decline in EBITDA margin signals emerging cost pressure or mix shift toward lower‑margin work. If this trend persists it could erode operating cash flow and reduce room for margin expansion, requiring efficiency initiatives to restore structural profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue & EPS Growth
Double‑digit revenue growth (~20.8%) and high EPS growth (~30.8%) reflect durable demand for outsourced BPM and analytics. Sustained top‑line and earnings expansion supports scale economies, recurring contract renewals, and reinvestment capacity over the next 2‑6 months.
Read all positive factors
eClerx Services Limited (ECLERX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹139.45B
Dividend Yield0.02%
Average Volume (3M)4.00K
Price to Earnings (P/E)28.6
Beta (1Y)1.21
Revenue Growth17.83%
EPS Growth20.34%
CountryIN
Employees14,191
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)20.41
Shares Outstanding94,050,720
10 Day Avg. Volume2,318
30 Day Avg. Volume3,997
Financial Highlights & Ratios
PEG Ratio3.23
Price to Book (P/B)5.73
Price to Sales (P/S)3.93
P/FCF Ratio24.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)89.98
Revenue Forecast (FY)₹48.39B
eClerx Services Limited Business Overview & Revenue Model
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 company offers customer experience solutions for business process optimizatio...
How the Company Makes Money
eClerx makes money by providing outsourced process and analytics services to enterprises under service contracts, generating revenue primarily from fees billed for delivering ongoing operations support and specialized knowledge work. Its key reven...
eClerx Services Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.92B | 33.66B | 29.26B | 26.49B | 21.60B | 15.64B |
| Gross Profit | 14.22B | 13.34B | 12.06B | 10.93B | 9.40B | 6.70B |
| EBITDA | 10.12B | 8.95B | 8.39B | 7.88B | 6.85B | 4.82B |
| Net Income | 6.14B | 5.41B | 5.11B | 4.89B | 4.17B | 2.83B |
Balance Sheet | ||||||
| Total Assets | 35.30B | 31.46B | 29.29B | 22.88B | 20.70B | 20.08B |
| Cash, Cash Equivalents and Short-Term Investments | 12.51B | 10.26B | 10.85B | 6.89B | 6.79B | 6.56B |
| Total Debt | 3.95B | 3.58B | 2.66B | 1.94B | 1.63B | 1.75B |
| Total Liabilities | 9.03B | 8.38B | 6.79B | 5.71B | 5.01B | 5.06B |
| Stockholders Equity | 26.24B | 23.06B | 22.48B | 17.15B | 15.68B | 15.01B |
Cash Flow | ||||||
| Free Cash Flow | 2.84B | 5.33B | 4.59B | 4.02B | 3.87B | 3.26B |
| Operating Cash Flow | 3.36B | 6.55B | 5.26B | 4.93B | 4.48B | 3.65B |
| Investing Cash Flow | -1.93B | 1.31B | -4.88B | -843.95M | 379.83M | -45.25M |
| Financing Cash Flow | -1.18B | -6.10B | -1.07B | -4.40B | -4.16B | -1.88B |
eClerx Services Limited Technical Analysis
Negative
4773.20
Price Trends
1817.29
Negative
2056.50
Negative
2024.82
Negative
Market Momentum
-100.02
Negative
40.78
Neutral
39.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ECLERX, the sentiment is Negative. The current price of 4773.2 is above the 20-day moving average (MA) of 1505.32, above the 50-day MA of 1817.29, and above the 200-day MA of 2024.82, indicating a bearish trend. The MACD of -100.02 indicates Negative momentum. The RSI at 40.78 is Neutral, neither overbought nor oversold. The STOCH value of 39.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ECLERX.
eClerx Services Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹162.55B | 36.53 | ― | 1.32% | 12.35% | 8.91% | |
74 Outperform | ₹43.76B | 11.09 | ― | ― | 6.97% | 12.91% | |
72 Outperform | ₹106.91B | 25.04 | ― | 3.23% | 14.10% | 19.23% | |
69 Neutral | ₹139.45B | 28.61 | ― | 0.02% | 17.83% | 20.34% | |
67 Neutral | ₹105.10B | 20.31 | ― | 0.31% | 41.61% | 44.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹49.54B | 55.57 | ― | 0.40% | 11.56% | -2.78% |
* Technology Sector Average
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eClerx Services Limited Corporate Events
eClerx Schedules Virtual Investor Meeting With Unifi Capital
Mar 30, 2026
eClerx Services Limited has notified the stock exchanges about a scheduled investor meeting with Unifi Capital Pvt Ltd on March 30, 2026. The interaction will be a virtual one-on-one discussion focused on industry and company-specific developments...
eClerx Doubles Paid-Up Equity Capital With 1:1 Bonus Share Allotment
Mar 16, 2026
eClerx Services Limited has approved and allotted 47,025,359 fully paid bonus equity shares with a face value of Rs. 10 each, in a 1:1 ratio, granting one new share for every existing share to members on record as of March 13, 2026. Following this...
eClerx Doubles Paid-Up Capital with 1:1 Bonus Share Issue
Mar 16, 2026
eClerx Services Limited has approved and allotted 47,025,359 fully paid bonus equity shares of Rs. 10 each in a 1:1 ratio, granting one new share for every existing share to shareholders of record as of March 13, 2026. The bonus shares, which will...
eClerx Seeks Shareholder Nod via Postal Ballot for Director Reappointment, ESOP Changes and Bonus Issue
Feb 3, 2026
eClerx Services Limited has launched a postal ballot process to seek shareholder approval on three key proposals: the re-appointment of Mr. Srinjay Sengupta as a non-executive independent director for a second five-year term, amendments to the com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.