Why 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 22.06%
- Company has a low Debt to Equity ratio (avg) at 0 times
2
With a growth in Net Sales of 6.52%, the company declared Very Positive results in Dec 25
- The company has declared positive results for the last 2 consecutive quarters
- INVENTORY TURNOVER RATIO(HY) Highest at 14,766.08 times
- NET SALES(Q) Highest at Rs 1,070.33 cr
- OPERATING PROFIT TO INTEREST(Q) Highest at 27.88 times
3
Consistent Returns over the last 3 years
- Along with generating 31.31% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
4
With its market cap of Rs 21,364 cr, it is the biggest company in the sector and constitutes 39.71% of the entire sector
- Its annual Sales of Rs 3,908.03 are 18.68% of the industry
How 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
31.61%
0.74
42.62%
Sensex
7.07%
0.61
11.53%
Quality key factors
Factor
Value
Sales Growth (5y)
22.06%
EBIT Growth (5y)
22.47%
EBIT to Interest (avg)
24.51
Debt to EBITDA (avg)
0.33
Net Debt to Equity (avg)
-0.33
Sales to Capital Employed (avg)
1.21
Tax Ratio
24.11%
Dividend Payout Ratio
0.87%
Pledged Shares
0
Institutional Holding
35.98%
ROCE (avg)
46.64%
ROE (avg)
24.29%
Valuation Key Factors 
Factor
Value
P/E Ratio
30
Industry P/E
29
Price to Book Value
7.58
EV to EBIT
23.23
EV to EBITDA
19.31
EV to Capital Employed
10.77
EV to Sales
4.87
PEG Ratio
0.92
Dividend Yield
0.02%
ROCE (Latest)
43.06%
ROE (Latest)
23.40%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bullish
Bearish
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Bullish
Bullish
Technical Movement
23What is working for the Company
INVENTORY TURNOVER RATIO(HY)
Highest at 14,766.08 times
NET SALES(Q)
Highest at Rs 1,070.33 cr
OPERATING PROFIT TO INTEREST(Q)
Highest at 27.88 times
PBDIT(Q)
Highest at Rs 276.26 cr.
PBT LESS OI(Q)
Highest at Rs 220.05 cr.
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 818.36 cr
PAT(Q)
Highest at Rs 191.98 cr.
EPS(Q)
Highest at Rs 41.04
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Loading Valuation Snapshot...
Here's what is working for eClerx Services
Net Sales - Quarterly
Highest at Rs 1,070.33 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit to Interest - Quarterly
Highest at 27.88 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Operating Profit (PBDIT) - Quarterly
Highest at Rs 276.26 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 220.05 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Inventory Turnover Ratio- Half Yearly
Highest at 14,766.08 times and Grown
each half year in the last five half yearly periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 220.05 cr has Grown at 21.9% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 180.49 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 191.98 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 191.98 cr has Grown at 25.0% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 153.53 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 41.04
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 818.36 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents






