eClerx Services

Why is eClerx Services Ltd falling/rising?

As of 07-Aug, eClerx Services Ltd's stock is at Rs 1,770.75, down 5.29%, reflecting a broader decline with a 24.47% drop year-to-date and underperformance compared to the market. Recent financial results, including a 6.9% decrease in profit after tax, contribute to negative sentiment despite some operational strengths.

As of 07-Aug, eClerx Services Ltd's stock price is falling, currently at Rs 1,770.75, which reflects a decrease of Rs 99.0 or 5.29%. The stock has been on a downward trend, having lost 7.74% over the last three days. This decline is compounded by the fact that the stock has underperformed its sector by 1.92% today and has experienced a significant drop, touching an intraday low of Rs 1,756.25, which represents a 6.07% decrease.<BR><BR>In terms of broader performance, the stock has shown a negative return of 4.30% over the past week, while the benchmark Sensex has gained 0.52%. Year-to-date, eClerx Services Ltd has a substantial decline of 24.47%, compared to a 7.89% drop in the Sensex. Over the past year, the stock has generated a return of -13.96%, significantly underperforming the market, which has seen a return of 4.11%.<BR><BR>The company's recent financial results have also contributed to the stock's decline. For instance, the operating profit has shown flat results in the latest quarter, with a notable decrease in profit after tax (PAT) by 6.9% compared to the previous four-quarter average. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors.<BR><BR>Despite some positive factors, such as high management efficiency and being net-debt free, the overall sentiment around the stock remains negative due to poor long-term growth prospects and recent underperformance in the market.

Which are the latest news on eClerx Services?

Should I buy, sell or hold eClerx Services Ltd?

When is the next results date for eClerx Services Ltd?

The next results date for eClerx Services Ltd is 05 August 2026.

The next results date for eClerx Services Ltd is scheduled for 05 August 2026.

How big is eClerx Services?

As of 10th June, eClerx Services Ltd has a market capitalization of 13,192.00 Cr, with recent net sales of 4,117.03 Cr and a net profit of 706.21 Cr. The company reported shareholder's funds of 2,305.76 Cr and total assets of 3,072.99 Cr for the latest annual period ending March 2025.

As of 10th June, eClerx Services Ltd has a market capitalization of 13,192.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, eClerx Services reported Net Sales of 4,117.03 Cr and a Net Profit of 706.21 Cr.<BR><BR>For the latest annual period ending March 2025, the company had Shareholder's Funds of 2,305.76 Cr and Total Assets amounting to 3,072.99 Cr.

Who are in the management team of eClerx Services?

The management team of eClerx Services includes Anish Ghoshal (Chairman), Anjan Malik, Biren Gabhawala, Deepa Kapoor, Naresh Gupta, P D Mundhra, Shailesh Kekre, Srinjay Sengupta, and Naval Bir Kumar, all bringing diverse expertise to the company's governance and strategy.

The management team of eClerx Services includes the following members:<BR><BR>1. Anish Ghoshal - Chairman & Independent Director<BR>2. Anjan Malik - Non Executive Director<BR>3. Biren Gabhawala - Independent Director<BR>4. Deepa Kapoor - Independent Director<BR>5. Naresh Gupta - Independent Director<BR>6. P D Mundhra - Executive Director<BR>7. Shailesh Kekre - Independent Director<BR>8. Srinjay Sengupta - Independent Director<BR>9. Naval Bir Kumar - Independent Director<BR><BR>This diverse team brings a range of expertise to the company, contributing to its strategic direction and governance.

Who are the peers of the eClerx Services?

eClerx Services' peers include Firstsource Solutions, RPSG Ventures, Hinduja Global, and others, with varying management risks and growth rates. Qualitek Labs leads in 1-year returns at 37.46%, while eClerx Services has a return of -26.46%.

Peers: The peers of eClerx Services are Firstsour.Solu., RPSG Ventures, Hinduja Global, One Point One, Alldigi Tech, Digitide Solutio, Unified Data, Qualitek Labs, and Tracxn Technolo.<BR><BR>Quality Snapshot: Excellent management risk is observed at eClerx Services and Firstsour.Solu., while Average management risk is found at RPSG Ventures, Hinduja Global, Alldigi Tech, Unified Data, and Tracxn Technolo., and Below Average management risk is noted at One Point One and Qualitek Labs. Growth is Excellent at RPSG Ventures and Unified Data, Average at Firstsour.Solu., and Below Average at eClerx Services, Hinduja Global, Alldigi Tech, Digitide Solutio, One Point One, and Tracxn Technolo., with the rest having Below Average growth. Excellent capital structure is seen at eClerx Services, Alldigi Tech, and Unified Data, while Good capital structure is found at Firstsour.Solu., One Point One, and Hinduja Global, and Below Average capital structure is noted at RPSG Ventures and Qualitek Labs.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Qualitek Labs at 37.46%, while Digitide Solutio has the lowest at -64.16%. eClerx Services has a 1-year return of -26.46%, which is better than Digitide Solutio but worse than Qualitek Labs. Additionally, peers with negative six-month returns include Firstsour.Solu., eClerx Services, Digitide Solutio, Alldigi Tech, and Tracxn Technolo.

What does eClerx Services do?

eClerx Services Ltd offers business process management, automation, and analytics services to Fortune 2000 companies, primarily in the Commercial Services & Supplies sector. As of March 2026, it reported net sales of 1,107 Cr and a net profit of 189 Cr, with a market cap of INR 13,192 Cr.

Overview:<BR>eClerx Services Ltd provides critical business process management, automation, and analytics services to Fortune 2000 enterprises in the Commercial Services & Supplies industry, categorized as a Small Cap company.<BR><BR>History:<BR>Incorporated in 2000, eClerx Services Ltd is currently traded on both the Bombay and National Stock Exchanges of India. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1,107 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 189 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 13,192 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 18.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.04% <BR>Debt-Equity: -0.26 <BR>Return on Equity: 27.57% <BR>Price-to-Book: 5.23 <BR><BR>Contact Details:<BR>Address: 1st Floor 29 Bank Street, Fort Sonawala Building Mumbai Maharashtra : 400023 <BR>Tel: 91-022-66148301 <BR>Email: investors@eclerx.com <BR>Website: http://www.eclerx.com

What is the bonus history of eClerx Services?

eClerx Services has a history of issuing bonus shares, with the most recent being a 1:1 bonus announced on March 13, 2026. Previous bonuses include a 1:2 bonus on September 21, 2022, a 1:3 bonus on December 17, 2015, and another 1:2 bonus on July 23, 2010.

eClerx Services has a notable bonus history. The most recent bonus issue was a 1:1 bonus announced with an ex-date of March 13, 2026. Prior to that, the company issued bonuses in the following ratios:<BR><BR>- On September 21, 2022, eClerx issued a 1:2 bonus.<BR>- On December 17, 2015, the company had a 1:3 bonus.<BR>- Earlier, on July 23, 2010, there was a 1:2 bonus issue.<BR><BR>This history reflects the company's approach to rewarding its shareholders through bonus shares over the years.

Are eClerx Services Ltd latest results good or bad?

eClerx Services Ltd's latest Q3 FY26 results are strong, with a 40.06% increase in net profit to ₹191.98 crores and a 25.36% revenue growth to ₹1,070.33 crores, marking the highest revenue in the company's history. Despite slight sequential growth slowing, the overall performance indicates healthy profitability and positive market reaction.

eClerx Services Ltd's latest results for Q3 FY26 can be considered quite strong overall. The company reported a net profit of ₹191.98 crores, which reflects a significant year-on-year increase of 40.06%. Additionally, revenue reached ₹1,070.33 crores, showing a robust year-on-year growth of 25.36%. This quarter marks the highest revenue in the company's history, indicating strong demand for its services across various sectors.<BR><BR>The operating margin stood at 25.81%, which, while slightly down from the previous quarter, still represents an improvement from the same quarter last year. The return on equity (ROE) of 23.40% demonstrates effective capital efficiency, positioning eClerx favorably compared to its peers.<BR><BR>In terms of stock performance, eClerx shares experienced a positive reaction following the results, trading up by 3.64% on the announcement date. Over the past year, the stock has delivered an impressive return of 46.00%, significantly outperforming the broader market indices.<BR><BR>While there are some signs of sequential growth slowing down, the overall financial performance indicates that eClerx is maintaining a strong growth trajectory with healthy profitability. Thus, the latest results can be viewed positively.

Is eClerx Services technically bullish or bearish?

As of November 27, 2025, the trend is bullish due to positive monthly indicators, although short-term caution is advised from mixed weekly signals, with overall long-term returns remaining strong despite recent underperformance compared to the Sensex.

As of 27 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, driven primarily by the monthly moving averages and the monthly KST, both indicating bullish momentum. However, the weekly MACD and KST show mildly bearish signals, suggesting some short-term caution. The Bollinger Bands are bullish on the weekly timeframe, supporting the overall positive outlook. Despite the recent underperformance in the weekly and monthly returns compared to the Sensex, the longer-term returns remain strong, particularly over 3 and 5 years. Overall, the strength of the bullish stance is moderate, influenced by mixed signals across different timeframes.

Is eClerx Services overvalued or undervalued?

As of October 27, 2025, eClerx Services is considered very expensive and overvalued, with a PE ratio of 41.10 and an EV to EBITDA of 26.45, significantly higher than its peers, despite a strong 1-year stock return of 73.33% compared to the Sensex's 6.77%.

As of 27 October 2025, the valuation grade for eClerx Services has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently considered overvalued. Key ratios include a PE ratio of 41.10, an EV to EBITDA of 26.45, and a PEG ratio of 7.46, which are substantially higher than industry peers. For instance, Firstsource Solutions, which is rated fair, has a PE ratio of 40.13 and an EV to EBITDA of 21.23, while Digitide Solutions, rated attractive, shows a PE of 16.72.<BR><BR>Comparing these metrics, eClerx Services stands out as significantly more expensive than its peers, suggesting that investors may be overestimating its future growth potential. Additionally, the company's recent stock performance has outpaced the Sensex, with a 1-year return of 73.33% compared to the Sensex's 6.77%, reinforcing the notion of overvaluation amidst strong market enthusiasm.

How has been the historical performance of eClerx Services?

eClerx Services has shown consistent growth in net sales and profits, with net sales increasing from 1,430.59 Cr in March 2019 to 3,365.87 Cr in March 2025, and profit after tax rising from 228.30 Cr to 541.26 Cr in the same period, reflecting strong financial performance across key metrics.

Answer:<BR>The historical performance of eClerx Services shows a consistent growth trend in net sales and profits over the years.<BR><BR>Breakdown:<BR>eClerx Services has demonstrated significant growth in net sales, increasing from 1,430.59 Cr in March 2019 to 3,365.87 Cr in March 2025. This upward trajectory is reflected in the total operating income, which rose from 1,430.59 Cr in March 2019 to 3,365.87 Cr in March 2025. The company's operating profit (PBDIT) also saw a steady increase, reaching 894.62 Cr in March 2025, up from 356.20 Cr in March 2019. Profit before tax followed a similar trend, growing from 311.47 Cr in March 2019 to 718.53 Cr in March 2025, while profit after tax rose from 228.30 Cr to 541.26 Cr in the same period. The earnings per share (EPS) improved from 60.40 in March 2019 to 115.22 in March 2025, indicating enhanced shareholder value. On the balance sheet, total assets increased from 1,697.53 Cr in March 2020 to 3,072.99 Cr in March 2025, while total liabilities also rose, reflecting the company's growth strategy. Cash flow from operating activities improved significantly, reaching 654.00 Cr in March 2025, compared to 332.00 Cr in March 2020, showcasing effective cash management. Overall, eClerx Services has shown robust financial performance with consistent growth across key metrics over the years.

Who are the top shareholders of the eClerx Services?

The top shareholders of eClerx Services include Priyadarshan Mundhra with 26.85%, mutual funds at 23.15% (led by HDFC Large and Mid Cap Fund at 9.73%), and Foreign Institutional Investors holding 10.12%. Individual investors own 7.26%, with no pledged promoter holdings reported.

The top shareholders of eClerx Services include the promoters, with Priyadarshan Mundhra holding the highest stake at 26.85%. Additionally, mutual funds collectively hold 23.15% of the shares, with the HDFC Large and Mid Cap Fund being the largest public shareholder at 9.73%. Foreign Institutional Investors (FIIs) account for 10.12% of the holdings, while individual investors have a combined stake of 7.26%. There are no pledged promoter holdings reported.

Has eClerx Services declared dividend?

Yes, eClerx Services Ltd has declared a 10% dividend, amounting to ₹1 per share, with an ex-date of September 6, 2024. Despite a modest dividend yield of 0.03%, the company has shown significant price returns over various periods, indicating strong growth potential.

eClerx Services Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 06 Sep 24<BR><BR>Dividend Yield: 0.03%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -0.62%, with a dividend return of 0%, resulting in a total return of -0.62%.<BR><BR>Over the past year, there was a price return of 62.26%, a dividend return of 0.04%, leading to a total return of 62.3%.<BR><BR>In the 2-year period, the price return was 110.56%, with a dividend return of 0.06%, culminating in a total return of 110.62%.<BR><BR>For the 3-year period, the price return stood at 158.8%, while the dividend return was 0.16%, resulting in a total return of 158.96%.<BR><BR>In the last 4 years, the price return was 331.18%, with a dividend return of 0.25%, leading to a total return of 331.43%.<BR><BR>Finally, over the past 5 years, the price return reached 1209.95%, with a dividend return of 1.29%, resulting in a total return of 1211.24%.<BR><BR>Overall, eClerx Services Ltd has declared a dividend, which, while modest in yield, is accompanied by significant price returns over various periods, indicating strong growth potential despite some fluctuations in short-term performance.