ScoreWhy is eClerx Services Ltd ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.29%
- Healthy long term growth as Net Sales has grown by an annual rate of 20.99%
- Company has a low Debt to Equity ratio (avg) at 0 times
2
Positive results in Sep 25
- OPERATING CF(Y) Highest at Rs 654.62 Cr
- NET SALES(Q) Highest at Rs 1,004.85 cr
- CASH AND CASH EQUIVALENTS(HY) Highest at Rs 8,183.60 cr
3
High Institutional Holdings at 36.68%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
4
Consistent Returns over the last 3 years
- Along with generating 32.05% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
5
With its market cap of Rs 23,158 cr, it is the second biggest company in the sector (behind Firstsour.Solu.)and constitutes 38.09% of the entire sector
- Its annual Sales of Rs 3,691.52 are 18.15% of the industry
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to eClerx Services should be less than 10%
- Overall Portfolio exposure to Commercial Services & Supplies should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Commercial Services & Supplies)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is eClerx Services for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
eClerx Services
31.38%
0.80
40.23%
Sensex
4.41%
0.36
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
20.99%
EBIT Growth (5y)
21.21%
EBIT to Interest (avg)
24.26
Debt to EBITDA (avg)
0.33
Net Debt to Equity (avg)
-0.33
Sales to Capital Employed (avg)
1.21
Tax Ratio
24.65%
Dividend Payout Ratio
0.87%
Pledged Shares
0
Institutional Holding
36.68%
ROCE (avg)
46.64%
ROE (avg)
24.29%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
38
Industry P/E
35
Price to Book Value
8.82
EV to EBIT
29.29
EV to EBITDA
24.30
EV to Capital Employed
12.61
EV to Sales
6.04
PEG Ratio
1.80
Dividend Yield
0.02%
ROCE (Latest)
43.06%
ROE (Latest)
23.40%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Bullish
Bullish
OBV
Bullish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend20What is working for the Company
OPERATING CF(Y)
Highest at Rs 654.62 Cr
NET SALES(Q)
Highest at Rs 1,004.85 cr
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 8,183.60 cr
PBDIT(Q)
Highest at Rs 271.06 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 26.98%
PBT LESS OI(Q)
Highest at Rs 217.76 cr.
PAT(Q)
At Rs 183.19 cr has Grown at 28.3% (vs previous 4Q average
EPS(Q)
Highest at Rs 39.04
-6What is not working for the Company
DEBT-EQUITY RATIO(HY)
Highest at 0.35 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 0.67 times
INTEREST(Q)
Highest at Rs 10.80 cr
Loading Valuation Snapshot...
Here's what is working for eClerx Services
Operating Cash Flow - Annually
Highest at Rs 654.62 Cr and Grown
each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (Rs Cr)
Net Sales - Quarterly
Highest at Rs 1,004.85 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 271.06 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 26.98%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 217.76 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 217.76 cr has Grown at 28.3% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 169.74 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 183.19 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 183.19 cr has Grown at 28.3% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 142.79 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 39.04
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 8,183.60 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for eClerx Services
Debt-Equity Ratio - Half Yearly
Highest at 0.35 times and Grown
each half year in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Interest - Quarterly
Highest at Rs 10.80 cr
in the last five quarters and Increased by 11.46 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Debtors Turnover Ratio- Half Yearly
Lowest at 0.67 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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