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Prices as of 8 Oct 2026 close · Not investment advice

eClerx Services Limited

NSE: ECLERXBusiness Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)

Share price

₹1,846.80

-2.59% close of 8 Oct 2026

Market cap ₹16,991 CrP/E 23.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

75

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹16,991 Cr

P/E ratio

23.3

P/B ratio

6.8

ROCE

34.4%

ROE

28.4%

Dividend yield

0.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,473.5052-week low ₹1,324.90

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 23.2% over the past year, and 18.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 29.1% to 25.4% over the last four years.

Whether it grew faster than its sector

It grew 18.1% a year against a sector median of 9.8% — 8.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 23.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 23.3×, across 3 companies. It is against its own five-year median of 21.5×, the 63rd percentile of its own range.

Whether growth justifies the valuation

Priced at 1.8 times its growth rate, on earnings growth of 13%.

Profit growthPrice per ₹1 profitPer 1% growth
eClerx Services Limited — this one13%/yr23.3×₹1.8
Firstsource Solutions Limited14%/yr23.3×₹1.7
RPSG VENTURES LIMITED3%/yr——
One Point One Solutions Limited51%/yr45.2×₹0.89
Hinduja Global Solutions Limited-50%/yr——
Alldigi Tech Limited20%/yr12.7×₹0.64

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)), it ranks 1 of 7 on returns, 2 of 7 on growth, 2 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 34.4% on capital, ahead of 86% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2991 crore of cash from the business, spent ₹447 crore on plant and equipment, and returned ₹2195 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 112 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 47 days for its cash to waiting 59 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue grew sequentially as promised, while the full-year growth and margin promises remain too early to score.

Announced 5 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,152 Cr

Revenue vs last year

+23.2%

Revenue vs last quarter

+4.1%

Net profit

₹164 Cr

Profit vs last year

+15.7%

Profit vs last quarter

-13.6%

Net margin

14.3%

EPS

₹17.86

Earnings call transcript · 6 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹16,991 Cr
Prev close
₹1,846.80
52w High
₹2,498
52w Low
₹1,320
Enterprise value
₹17,012 Cr
Beta
1.2
Price CAGR 1y
-9.0%
Price CAGR 3y
21.0%
Price CAGR 5y
20.0%
Price CAGR 10y
14.0%

Ratios

Return on assets
19.1%
PEG ratio
1.8
P/E ratio
23.3
P/B ratio
6.8
EV / EBITDA
16.9
Industry P/E
20.2
ROCE
34.4%
ROCE 5y average
32.8%
ROE
28.4%
Debt / Equity
0.2
Interest coverage
22.3
Dividend yield
0.1%
ROE 3y average
25.0%
ROE last year
28.0%

Annual P&L

Annual revenue
₹4,117 Cr
Annual profit
₹706 Cr
Operating margin
26.0%
Net profit margin
17.1%
EBITDA margin
25.6%
Sales growth 3y
15.8%
Sales growth 5y
21.4%
Profit growth 3y
13.0%
Profit growth 5y
21.0%
EPS
₹75.1
Sales growth TTM
23.0%
Profit growth TTM
28.0%
Dividend payout
1.0%

Quarter P&L

Sales latest quarter
₹1,152 Cr
Profit latest quarter
₹164 Cr
YoY quarterly sales growth
23.3%
YoY quarterly profit growth
15.5%
OPM latest quarter
23.0%

Balance Sheet

Book Value
₹278
Face Value
₹10.0
Total debt
₹385 Cr
Total cash
₹738 Cr
Borrowings
₹385 Cr
Reserves / Equity
26.8

Cash Flow

Operating cash flow
₹873 Cr
Free cash flow
₹756 Cr
FCF yield
4.2%
Net cash flow
₹155 Cr

Shareholding

Promoter holding
54.5%
FII holding
11.0%
DII holding
23.8%
Public holding
8.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Firstsour.Solu.266.3523.618,8212.06165.930.02,724.922.916.8
eClerx Services1,846.8023.817,3670.05164.216.01,152.423.334.4
RPSG Ventures844.652,7930.00253.135.03,576.420.410.6
One Point One78.4544.92,0660.0016.372.8158.3129.49.6
Hinduja Global358.951,6651.39-66.3-45.31,050.4-0.61.5
Alldigi Tech782.7513.01,1977.6718.121.7150.34.427.9
NSB BPO59.859.31200.007.020.088.529.98.2
Median358.9523.62,0660.0518.121.71,050.422.910.6

Competes with: Alldigi Tech Limited, Firstsource Solutions Limited, Hinduja Global Solutions Limited, One Point One Solutions Limited, RPSG VENTURES LIMITED, WE WIN LIMITED

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6847227537677828328548989351,0051,0701,1071,152
Expenses517517546571616616646680710734794824887
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost542583610654677729
Other Expenses138131124140147158
Operating Profit167205207196166216207219224271276283265
OPM %24282826212624242427262623
Other Income8141923211321321127303018
Exceptional items (within Other Income)000000
Interest6666888111011101215
Depreciation28303434323336413742465050
Profit before tax141182187179148188184199188245250252219
Tax %24252628242625232525232525
Net Profit107136139130112140137153142183192190164
EPS in Rs11141413111514161519202017
Diluted EPS in Rs323038402018

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9421,3141,3301,3651,4311,4381,5642,1602,6482,9263,3664,1174,335
Expenses6268338699981,1221,1111,1151,4981,9252,1502,5573,0643,239
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost2,0662,525
Other Expenses492541
Operating Profit3164824613683093264506627237768091,0531,096
OPM %34373527222329312727242625
Other Income3236286149453424666487101105
Exceptional items (within Other Income)00
Interest112112021232224364447
Depreciation50575248457182103114126141175188
Profit before tax298460436380311281381560653689719935966
Tax %232619242726262525262524
Net Profit230342354290228209283418489512541706729
EPS in Rs19283025201927415052577577
Diluted EPS in Rs11274
Dividend Payout %4611122111111

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
12%
5 years
21%
3 years
16%
TTM
23%

Compounded profit growth

10 years
7%
5 years
21%
3 years
13%
TTM
28%

Stock price CAGR

10 years
14%
5 years
20%
3 years
21%
1 year
-9%

Return on equity

10 years
24%
5 years
26%
3 years
25%
Last year
28%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital304140383836343348484792
Reserves6851,0521,1761,1671,3441,2701,4671,5341,6672,1992,2592,469
Borrowings04162157175163194266358385
Other Liabilities242192182208201260315324365406475744
Minority Interest2.202.84
Total Liabilities9571,2881,3981,4191,5841,7231,9912,0552,2742,9193,1393,691
Fixed Assets1673653253433484807287137738439741,054
CWIP1020010221105
Investments155219252165286437229196275406309308
Other Assets6347048209109508061,0331,1451,2061,6691,8562,324
Total Assets9571,2881,3981,4191,5841,7231,9912,0552,2742,9163,1463,691

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity243418312305206333365444493526655873
Cash from Investing Activity-62-167-17526-23024-244-55-483143-97
Cash from Financing Activity-115-165-245-304-54-308-188-416-440-107-610-622
Net Cash Flow6686-10828-774917471-2-64188155
Free Cash Flow182366283264154299326383403462540756

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days495259626260685661628690
Cash Conversion Cycle495259626260685661628690
Working Capital Days225274727044464746615959
ROCE %465138302421243436322834

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters545454545454545454545555
FIIs121212121010101011111211
DIIs222323222424252626252424
Government0.020.020.020.020.020.020.020.020.020.020.020.02
Public11109.781110109.498.597.987.677.538.43
Others1.681.631.661.431.421.331.441.391.521.802.152.19
No. of Shareholders49,71552,63949,1571,46,68058,04868,02569,42466,30065,92770,29667,14274,342

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -6.9% (₹1,984.50 → ₹1,846.80)Brick size ₹70.42 (fixed)Bricks 49
₹1,500₹2,000₹1,847Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹1,846.80 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

company capacity utilisation %

75.50pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

445cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

32,56,863inr

2026-03-31

News

News and filings about eClerx Services Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

Sells to

  • Retail, fashion, media & entertainment, travel and high-tech enterprises (Fortune 2000) · Analytics, automation, digital content & catalog operations

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Classification
Services › Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
ISIN
INE738I01010

News impact

Big market events that reach eClerx Services Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Aug 2026unspecified₹1
13 Mar 2026bonus₹0
22 Aug 2025unspecified₹1
6 Sep 2024unspecified₹1
31 Aug 2023unspecified₹1
21 Sep 2022bonus₹0
19 Aug 2022unspecified₹1
15 Sep 2021unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
5 Oct 2026Eclerx Employee Welfare · TrustSELL2,3350.17
5 Oct 2026Eclerx Employee Welfare · TrustSELL2,1780.15
1 Oct 2026Eclerx Employee Welfare · TrustBUY27,0004.94
29 Sep 2026Eclerx Employee Welfare · TrustSELL12,1802.18
28 Sep 2026Eclerx Employee Welfare · TrustBUY19,0003.60
28 Sep 2026Eclerx Employee Welfare · TrustSELL13,0002.39
28 Sep 2026Eclerx Employee Welfare · TrustSELL8,0321.48
28 Sep 2026Eclerx Employee Welfare · TrustSELL10,8710.77
28 Sep 2026Eclerx Employee Welfare · TrustSELL2,5080.18
28 Sep 2026Eclerx Employee Welfare · TrustSELL2,2280.16

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.