eClerx Services Limited (ECLERX) AI Stock Analysis

• Market Cap: ₹193.73B
• Dividend Yield: 0.02%
• Average Volume (3M): 4.00K
• Price to Earnings (P/E): 33.5
• Beta (1Y): 1.19
• Revenue Growth: 16.39%
• EPS Growth: 13.26%
• Country: IN
• Employees: 14,191
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 29.64
• Shares Outstanding: 47,650,360
• 10 Day Avg. Volume: 2,318
• 30 Day Avg. Volume: 3,997
• PEG Ratio: 3.23
• Price to Book (P/B): 5.73
• Price to Sales (P/S): 3.93
• P/FCF Ratio: 24.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,271.33
• Price Target Upside: -1.19% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: ₹4,414.00 ▲(2.11% Upside)

eClerx Services Limited's strong financial performance is the primary driver of its overall score, supported by robust revenue growth and solid profit margins. However, technical indicators suggest potential short-term weakness, and the high P/E ratio indicates the stock may be overvalued, which tempers the overall score.

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 optimization and customer interaction monitoring; field technical operations services for avoidable truck roll, dispatch services, connected homes, return merchandise authorization, and revenue assurance; omnichannel customer support services; advanced and digital analytics, and enterprise business intelligence solutions; and robotic process automation, Q-clips, workforce manager solutions, as well as chatbots and QA testing with test assure. It also provides digital solutions, such as speech and chat analytics, tag audits and implementation, data management and visualization, forecasting, personalization, social media services, A/B testing and optimization, reporting and automation, analysis and insights, and consulting and process optimization. In addition, the company offers derivative trade support, cash securities operations, regulatory compliance and data, document management, and analytics solutions, as well as technology products. It 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.

How the Company Makes Money

eClerx Services Limited makes money by providing outsourced business process management, data analytics, and digital transformation services to a variety of industries. The company's primary revenue streams include long-term service contracts with clients in sectors like financial services, telecommunications, and retail, where they offer tailored solutions to enhance client operations and customer experience. eClerx's revenue is driven by its ability to deliver cost-effective and efficient services that help clients optimize their business processes. The company also benefits from its global delivery model, which allows it to leverage lower-cost offshore resources while maintaining high service quality. Strategic partnerships with technology providers and continuous investment in technology and human capital further bolster its revenue generation capabilities.

eClerx Services Limited Financial Statement Overview

Summary

eClerx Services Limited demonstrates a strong financial position with consistent revenue growth, healthy profit margins, and effective cash flow management. The balance sheet reflects low leverage and solid equity, although the increase in debt should be watched.

Income Statement

eClerx Services Limited has shown strong revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin is robust, indicating efficient cost management. The EBIT and EBITDA margins are healthy, reflecting strong operational performance. The net profit margin also remains solid, showing profitability. However, the slight decrease in EBITDA margin from 2024 to 2025 suggests a need for improved operational efficiency.

Balance Sheet

The company maintains a strong equity position with a satisfactory equity ratio, indicating financial stability. The debt-to-equity ratio is low, which suggests prudent financial leverage and effective debt management. Return on equity is commendable, showcasing effective use of shareholders' equity to generate profits. However, the increase in total debt from 2024 to 2025 requires careful monitoring to ensure continued financial health.

Cash Flow

eClerx Services Limited has experienced impressive free cash flow growth, underscoring its ability to generate cash after capital expenditures. The operating cash flow to net income ratio is strong, highlighting efficient cash conversion. Although the free cash flow to net income ratio is favorable, suggesting good cash generation relative to net income, the fluctuations in financing cash flows may indicate some volatility in financial activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	35.18B	33.66B	29.26B	26.48B	21.60B	15.64B
Gross Profit	12.10B	10.21B	12.06B	8.84B	9.40B	5.16B
EBITDA	9.04B	8.08B	8.61B	7.89B	6.86B	4.84B
Net Income	5.71B	5.41B	5.11B	4.89B	4.17B	2.83B
Balance Sheet
Total Assets	0.00	31.46B	29.29B	22.88B	20.70B	20.08B
Cash, Cash Equivalents and Short-Term Investments	10.26B	10.26B	10.85B	6.89B	6.79B	6.56B
Total Debt	0.00	3.58B	2.66B	1.94B	1.63B	1.75B
Total Liabilities	-23.08B	8.38B	6.79B	5.71B	5.01B	5.06B
Stockholders Equity	23.08B	23.06B	22.48B	17.15B	15.68B	15.01B
Cash Flow
Free Cash Flow	0.00	5.33B	4.59B	4.02B	3.87B	3.26B
Operating Cash Flow	0.00	6.55B	5.26B	4.93B	4.48B	3.65B
Investing Cash Flow	0.00	1.31B	-4.88B	-843.95M	379.83M	-45.25M
Financing Cash Flow	0.00	-6.10B	-1.07B	-4.40B	-4.16B	-1.88B

eClerx Services Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4322.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ECLERX, the sentiment is Positive. The current price of 4322.85 is above the 20-day moving average (MA) of 4093.30, above the 50-day MA of 4184.92, and above the 200-day MA of 3406.70, indicating a bullish trend. The MACD of -13.40 indicates Negative momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 65.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ECLERX.

eClerx Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JUSTDIAL	73 Outperform	₹67.29B	11.85	―	―	6.97%	12.91%
CAMS	66 Neutral	₹187.91B	39.75	―	1.62%	19.78%	21.62%
ECLERX	66 Neutral	₹193.73B	33.50	―	0.02%	16.39%	13.26%
IEX	65 Neutral	₹119.62B	26.36	―	3.25%	18.51%	22.17%
BLS	63 Neutral	₹132.91B	23.80	―	0.36%	35.01%	57.78%
IONEXCHANG	59 Neutral	₹59.09B	22.58	―	0.37%	12.99%	1.85%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%