eClerx Services

eClerx Services

4,487.50
+145.80
(3.36%)
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Key Fundamentals
Add Ratio
Market Cap
20,688.40 Cr
EPS
114.19
PE Ratio
35.83
Dividend Yield
0.02 %
52 Week High
4,867.90
52 Week Low
2,168.00
PB Ratio
8.39
Debt to Equity
0.14
Sector
BPO / KPO
Analyst Rating and Forecast
- By Refinitiv from10 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+70.00 %
+70.00 %
Hold
Hold+20.00 %
+20.00 %
Sell
Sell+10.00 %
+10.00 %
Forecast For
Actual

Company News

View All News
Caret
positive
eClerx Services Limited has announced a proposal to buy back up to 666,666 equity shares at ₹4,500 per share through a tender offer route. The buyback amount will not exceed ₹3,000 million, representing 1.40% of total equity shares and 21.08% of aggregate paid-up capital and free reserves based on standalone financials. The buyback price represents a premium of 7.71% over the volume weighted average market price on BSE for one month preceding the board meeting announcement date. The company will seek shareholder approval through postal ballot, with voting scheduled from November 5, 2025 to December 4, 2025. Results will be announced on December 5, 2025. The buyback aims to return surplus funds to shareholders and improve return on equity. Promoters and promoter group members have expressed their intention not to participate in the buyback.
neutral
eClerx Services Limited announced the merger of two wholly-owned step-down subsidiaries effective November 3, 2025. Eclipse Global Holdings Inc merged with Personiv Eclipse Inc, both acquired by eClerx in December 2020. For the financial year ended March 31, 2025, Eclipse Global Holdings reported turnover of Rs 0.36 million while Personiv Eclipse reported Rs (26.20) million. The merger involves business process management entities and aims at consolidation for efficient corporate structure. No cash consideration or new share issuance is involved, and eClerx's shareholding pattern remains unchanged as it is not a direct party to the merger.
positive
eClerx Services delivered strong quarterly results with operating revenue of $115.5 million, up 5.7% sequentially, and INR 10,049 million, up 7.5% sequentially. EBITDA reached INR 2,983 million at a 28.8% margin, up 27% sequentially, while PAT was INR 1,832 million at 17.7% margin, up 29% sequentially. For H1, USD operating revenue was $225 million, showing 17% year-on-year growth. Deal wins for the quarter totaled $46 million. The company saw strong growth in emerging businesses due to operations going live for clients in the Financial Services subsegment, while growth was also strong in Communication, Media & Telecom and Hi-Tech verticals. BFSI grew modestly, and Fashion Luxury continues to face pressure. The Board approved a buyback of INR 300 crores, with promoters not participating. Management expects Q3 margins to be lower than Q2 due to recent INR appreciation, but maintains the full-year margin guidance of 24-28%. The company added 400 seats in Pune and reported 20% attrition. Days Sales Outstanding improved to 76 days from the previous quarter.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
366.35
#1 24,610.70
38.71
7,990.70
25.27
#1 595
29.88
64.02
4,487.50
#2 20,688.40
#6 35.83
#4 3,452.40
#7 15.42
#2 541
#5 31.54
53.23
845.40
2,803.60
15.80
#1 9,645.10
20.46
164
43.54
54.21
500.35
2,313.00
#1 -89.14
4,958.80
-2.54
-118
46.53
44.22
51.50
1,369.30
38.72
270.20
#1 54.22
33
23.68
62.50
899.30
1,352.90
19.08
557.10
16.96
83
45.45
50.99
128.75
113.30
72.33
24.40
47.88
2
-66.67
77.38
58.35
61.40
-0.85
102.40
-52.90
-69
7.30
34.81
34.90
48.40
14.66
58.60
27.95
3
#1 275.19
51.25
81.00
35.40
65.32
5.60
-11.11
1
-72.73
48.58
Growth Rate
Revenue Growth
15.42 %
Net Income Growth
5.78 %
Cash Flow Change
24.48 %
ROE
3.08 %
ROCE
-0.29 %
EBITDA Margin (Avg.)
-7.79 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
261
313
338
350
351
350
338
336
334
343
365
341
378
372
375
358
375
364
365
387
368
350
367
403
479
496
524
564
602
640
671
705
698
692
736
774
790
803
845
874
930
949
1,032
Expenses
178
194
209
224
208
214
207
220
229
234
235
250
280
275
273
291
284
290
278
273
273
255
259
282
320
345
358
387
410
474
469
496
486
517
517
547
571
616
616
646
680
714
734
EBITDA
83
119
129
126
143
136
132
116
104
109
130
91
98
97
102
67
90
74
87
115
95
95
108
121
159
151
166
177
192
166
202
208
212
175
219
226
219
187
229
228
251
235
298
Operating Profit %
29 %
35 %
36 %
35 %
39 %
37 %
38 %
32 %
31 %
30 %
29 %
26 %
23 %
22 %
23 %
19 %
22 %
18 %
22 %
27 %
22 %
24 %
28 %
28 %
32 %
29 %
32 %
31 %
31 %
23 %
28 %
28 %
30 %
24 %
28 %
27 %
26 %
21 %
26 %
24 %
24 %
24 %
27 %
Depreciation
15
11
14
16
15
12
13
13
14
11
12
13
13
9
10
12
13
17
18
18
19
17
20
20
24
24
25
26
28
25
27
30
32
28
30
34
34
32
33
36
41
37
43
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
5
5
5
5
5
5
6
5
6
5
5
5
5
5
6
6
6
6
6
8
8
8
11
10
11
Profit Before Tax
68
107
115
111
127
124
119
102
91
98
118
78
86
87
92
54
78
53
64
92
71
73
83
96
129
122
135
145
159
136
170
173
175
141
182
187
180
148
188
184
199
188
245
Tax
15
32
35
25
27
28
22
16
16
19
29
21
21
27
22
15
18
13
21
22
16
21
22
25
31
30
35
38
40
36
44
42
42
34
46
48
50
36
48
47
46
47
62
Net Profit
53
76
80
85
101
96
97
86
75
79
89
58
65
60
70
39
59
40
44
70
55
52
62
71
98
92
101
107
118
100
126
131
132
107
136
139
130
112
140
137
153
142
184
EPS in ₹
17.56
18.61
19.75
18.45
24.73
23.50
23.79
21.08
18.87
19.97
22.32
14.49
16.47
15.77
18.38
10.27
15.64
10.56
12.16
19.36
15.35
14.34
17.74
20.89
29.04
26.84
29.50
31.73
35.87
29.97
25.35
26.41
27.05
22.12
28.20
28.76
27.07
23.13
29.66
29.16
32.37
30.16
39.00

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
959
1,289
1,398
1,431
1,597
1,736
2,008
2,070
2,288
2,929
3,146
Fixed Assets
167
365
325
343
348
480
728
713
773
843
974
Current Assets
719
874
1,012
1,038
1,160
1,175
1,203
1,270
1,371
1,950
2,008
Capital Work in Progress
1
0
2
0
0
1
1
2
21
1
0
Investments
155
219
252
165
286
437
229
196
275
407
309
Other Assets
636
705
820
922
963
819
1,051
1,159
1,220
1,679
1,863
Total Liabilities
959
1,289
1,398
1,431
1,597
1,736
2,008
2,070
2,288
2,929
3,146
Current Liabilities
221
141
136
163
148
230
286
302
350
377
441
Non Current Liabilities
23
55
46
63
67
199
221
199
221
303
397
Total Equity
715
1,093
1,216
1,205
1,382
1,307
1,502
1,569
1,717
2,250
2,308
Reserve & Surplus
685
1,052
1,186
1,229
1,455
1,377
1,574
1,535
1,667
2,199
2,418
Share Capital
30
41
40
38
38
36
34
33
48
48
47

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
66
86
-108
28
-77
49
175
71
-2
-64
188
Investing Activities
-62
-167
-175
26
-230
24
-2
44
-55
-483
143
Operating Activities
243
418
312
305
206
333
365
444
493
526
655
Financing Activities
-115
-165
-245
-304
-54
-308
-188
-416
-440
-107
-610

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Nov 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Feb 2023
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Jul 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
53.81 %
53.81 %
53.81 %
54.02 %
53.38 %
53.38 %
53.38 %
53.38 %
53.38 %
53.61 %
53.61 %
53.61 %
53.61 %
53.61 %
53.61 %
53.61 %
53.81 %
53.81 %
53.81 %
53.81 %
53.81 %
53.81 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
12.13 %
11.81 %
12.19 %
11.78 %
11.42 %
10.31 %
10.27 %
10.12 %
10.16 %
10.95 %
DIIs
14.01 %
14.92 %
16.70 %
17.00 %
17.98 %
18.46 %
19.14 %
19.51 %
19.94 %
20.33 %
20.19 %
19.19 %
21.65 %
22.90 %
22.75 %
22.50 %
22.86 %
24.03 %
24.19 %
25.12 %
26.04 %
25.72 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
0.02 %
Public / Retail
6.86 %
6.87 %
8.23 %
8.20 %
8.20 %
8.92 %
8.92 %
9.36 %
9.68 %
8.95 %
8.80 %
8.43 %
8.27 %
7.71 %
7.45 %
8.26 %
7.96 %
7.87 %
7.92 %
7.26 %
6.52 %
6.16 %
Others
25.33 %
24.40 %
21.26 %
20.77 %
20.44 %
19.24 %
18.56 %
17.73 %
16.98 %
17.10 %
17.38 %
18.76 %
4.33 %
3.95 %
3.99 %
3.84 %
3.93 %
3.96 %
3.79 %
3.67 %
3.45 %
3.35 %
No of Share Holders
33,559
35,592
77,361
44,650
42,302
50,898
48,202
51,153
96,628
54,216
53,248
53,484
49,715
52,639
49,157
1,46,680
62,184
58,048
68,025
69,424
66,302
65,928

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 1 1 1 1 1 1 1 1 1
Dividend Yield (%) 0.00 0.12 0.13 0.41 0.14 0.06 0.08 0.04 0.04 0.02

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
BONUS Bonus
1:3
17 Dec 2015 0.00 0.00
17 Sept 2021 DIVIDEND Dividend
₹ 1.00 /share
15 Sept 2021 861.87 1,551.51
22 Aug 2022 DIVIDEND Dividend
₹ 1.00 /share
19 Aug 2022 1,449.17 1,503.07
22 Sept 2022 BONUS Bonus
1:2
21 Sept 2022 1,484.80 1,523.10
01 Sept 2023 DIVIDEND Dividend
₹ 1.00 /share
31 Aug 2023 1,480.85 1,619.95
07 Sept 2024 DIVIDEND Dividend
₹ 1.00 /share
06 Sept 2024 2,302.45 2,832.00
19 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
19 Sept 2024 2,401.10 2,701.55
05 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Nov 2024 2,720.55 2,994.65
29 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jan 2025 3,243.35 2,980.25
14 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
14 May 2025 2,401.90 2,704.40
24 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 Jul 2025 3,572.00 3,681.60
22 Aug 2025 DIVIDEND Dividend
₹ 1.00 /share
22 Aug 2025 2,704.40 3,999.90
10 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
10 Sept 2025 3,681.60 4,330.95
24 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 Oct 2025 4,098.50 4,356.70

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation19 hours ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation6 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Announcement under Regulation 30 (LODR)-Restructuring8 days ago
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot8 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptOct 30, 2025
Clarification On Increase In VolumeOct 28, 2025
Clarification sought from eClerx Services LtdOct 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 27, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 25, 2025
Corporate Action-Intimation of Buy backOct 24, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 24, 2025
Earnings Presentation And Press Release W.R.T Consolidated And Standalone Un-Audited Financial Results For The Quarter And Half Year Ended September 30 2025Oct 24, 2025
Un-Audited Financial Result (Standalone & Consolidated) For The Quarter And Half Year Ended September 30 2025.Oct 24, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Held On October 24 2025Oct 24, 2025
Board Meeting Intimation for The Q2FY26 Board Meeting And Earnings Call And Buy Back Of Equity Shares Of Eclerx Services Limited (The Company)Oct 17, 2025
Announcement under Regulation 30 (LODR)-RestructuringOct 07, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 10, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 10, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 20, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 20, 2025
Web-Link And QR Code For Annual Report FY2025Aug 20, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 19, 2025
Notice Of 25Th Annual General Meeting Of The Company To Be Held On Wednesday September 10 2025Aug 19, 2025
Reg. 34 (1) Annual Report.Aug 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Newspaper Advertisement For Saksham Niveshak - 100 Days CampaignAug 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 30, 2025
Shareholders Communication - Deduction Of Tax At Source On DividendJul 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 29, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Announcement under Regulation 30 (LODR)-Dividend UpdatesJul 24, 2025
Intimation Of Record Date For Payment Of Final Dividend For The Financial Year Ended March 31 2025Jul 24, 2025
Intimation Of 25Th Annual General Meeting Of The CompanyJul 24, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HSBC Small Cap Fund Direct-Growth
2.09%
62070
0.42%
0.31%
HDFC Small Cap Fund Direct- Growth
4.46%
-57166
0.44%
0.08%
Nippon India Small Cap Fund Direct- Growth
1.17%
-49536
0.10%
0.02%
WhiteOak Capital Flexi Cap Fund Direct - Growth
0.53%
28522
0.24%
0.21%
HSBC Multi Cap Fund Direct - Growth
1.79%
19823
0.36%
0.45%
Axis Momentum Fund Direct - Growth
0.63%
17125
0.63%
0.63%
Motilal Oswal Digital India Fund Direct-Growth
4.89%
14970
1.18%
1.05%
WhiteOak Capital Multi Cap Fund Direct - Growth
0.72%
14369
0.29%
0.24%
Union Small Cap Fund Direct-Growth
1.36%
9166
0.36%
0.28%
Samco Multi Asset Allocation Fund Direct-Growth
0.87%
6607
0.87%
0.52%
WhiteOak Capital Digital Bharat Fund Direct-Growth
3.06%
5842
0.81%
0.88%
WhiteOak Capital Multi Asset Allocation Fund Direct - Growth
0.17%
4824
0.05%
0.03%
WhiteOak Capital Special Opportunities Fund Direct - Growth
1.50%
-3497
0.01%
-0.14%
Samco Flexi Cap Fund Direct - Growth
4.27%
-2352
0.47%
1.39%
WhiteOak Capital Balanced Advantage Fund Direct - Growth
0.36%
2202
0.08%
0.05%
WhiteOak Capital ELSS Tax Saver Fund Direct - Growth
0.64%
1444
0.21%
0.18%
Samco Dynamic Asset Allocation Fund Direct - Growth
0.19%
1251
0.19%
0.19%
Nippon India Active Momentum Fund Direct-Growth
1.94%
724
0.22%
-0.04%
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct-Growth
0.64%
589
0.06%
0.03%
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth
0.49%
403
0.06%
0.01%
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth
0.49%
371
0.06%
0.02%
WhiteOak Capital Balanced Hybrid Fund Direct - Growth
0.36%
265
0.07%
0.04%
WhiteOak Capital Equity Savings Fund Direct - Growth
0.16%
199
0.04%
0.02%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct - Growth
2.65%
144
0.33%
0.25%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth
0.49%
122
0.06%
0.01%

Technical Indicators

RSI(14)
Neutral
47.70
ATR(14)
Less Volatile
178.86
STOCH(9,6)
Neutral
40.56
STOCH RSI(14)
Oversold
7.61
MACD(12,26)
Bearish
-32.02
ADX(14)
Weak Trend
23.86
UO(9)
Bearish
31.79
ROC(12)
Downtrend And Accelerating
-0.05
WillR(14)
Oversold
-85.44

About eClerx Services

eClerx Services Limited is an India-based company providing business process management, automation, and analytics services to Fortune 2000 enterprises across various industries. Founded in 2000 and publicly traded on Indian stock exchanges, eClerx employs over 16,000 people globally. The company operates through three main divisions: eClerx Customer Operations, eClerx Digital, and eClerx Markets. These divisions offer services such as operational support, data analytics, digital marketing, regulatory compliance, and technology solutions. eClerx has expanded its global presence through acquisitions and organic growth, including the establishment of delivery centers in multiple countries. The company has also developed several proprietary products and platforms to enhance its service offerings, particularly in areas like artificial intelligence, robotic process automation, and data management.
Listing Date
31 Dec, 2007(17 Years, 13 days)
Chairperson NameShailesh Kekre