eClerx Services Ltd.

NSE: ECLERX · Services

₹1,600.60+0.76%06 Nov 2026

Ask the data

Instant answers about eClerx Services Ltd. — computed from its filings, no language model

Market cap₹14,686 cr

Current price₹1,600.60

High / Low₹2,474 / ₹1,325

P/E20.2

P/B5.04

Book value₹317.7

ROE24.9%

ROCE34.6%

Debt / equity0.00

Dividend yield0.03%

EPS (TTM)₹79.13

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,365	1,431	1,438	1,564	2,160	2,648	2,926	3,366	4,117
EBITDA	366	308	324	448	661	722	775	808	1,051
Operating margin	26.8%	21.5%	22.5%	28.6%	30.6%	27.3%	26.5%	24.0%	25.5%
Interest	0	0	19	20	22	21	23	35	42
Depreciation	48	45	71	82	103	114	126	141	175
Profit before tax	380	311	281	381	560	653	689	719	935
Tax	90	83	72	98	143	164	178	177	229
Net profit	290	228	209	283	417	489	511	541	706
EPS ₹	73.23	60.07	57.26	81.61	123.81	98.76	106.15	114.19	76.23
Operating cash flow	—	—	—	—	448	493	526	655	873
Capex	—	—	—	—	61	91	67	121	119
Dividend paid	—	—	—	—	3	3	5	5	5
Total assets	1,431	1,597	1,736	2,008	2,070	2,288	2,929	3,146	3,697
Equity	1,205	1,381	1,306	1,501	1,568	1,715	2,248	2,306	2,561

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	361	352	356	358	365	355	356	375	351	337	361	394	473	486	523	559	592	618	650	687	693	684	722	753	767	782	832	854	898	935	1,005	1,070	1,107	1,152	1,189
Operating profit	81	77	83	67	81	65	78	103	78	81	102	112	153	141	165	172	182	143	181	191	207	167	205	207	196	166	216	207	219	221	271	276	284	265	284
Operating margin	22.5%	21.9%	23.4%	18.6%	22.1%	18.3%	21.9%	27.4%	22.1%	24.2%	28.3%	28.4%	32.3%	29.0%	31.6%	30.8%	30.8%	23.2%	27.9%	27.7%	29.9%	24.4%	28.4%	27.5%	25.5%	21.3%	25.9%	24.3%	24.3%	23.6%	27.0%	25.8%	25.6%	23.0%	23.9%
Other income	16	20	19	0	10	10	9	12	17	13	6	9	6	9	1	4	10	22	21	18	5	8	14	21	23	21	13	21	32	14	27	30	30	18	24
Interest	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	10	12	15	15
Depreciation	13	9	10	12	13	17	18	18	18	17	20	20	24	24	25	26	28	25	27	30	32	28	30	34	34	32	33	36	41	37	42	46	50	50	56
Profit before tax	85	87	92	54	78	53	64	92	71	73	83	96	129	122	135	145	159	135	170	173	174	141	182	187	179	148	188	184	199	188	245	250	252	219	237
Tax	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	58	62	54	56
Net profit	64	60	57	39	59	40	44	70	55	52	61	71	99	91	101	107	119	99	126	131	133	106	136	139	131	112	156	137	152	142	183	192	189	164	180
EPS ₹	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	40.81	20.47	17.86	19.63
Revenue YoY	—	—	—	—	1.1%	0.8%	0.2%	5.0%	-3.9%	-5.1%	1.2%	5.0%	34.7%	44.5%	45.0%	41.8%	25.1%	27.1%	24.3%	22.8%	17.1%	10.8%	11.0%	9.6%	10.6%	14.2%	15.2%	13.4%	17.2%	19.5%	20.8%	25.4%	23.3%	23.3%	18.3%
Profit YoY	—	—	—	—	-8.2%	-33.8%	-22.7%	79.4%	-6.4%	30.0%	39.0%	1.7%	78.2%	76.4%	65.2%	50.1%	20.3%	8.6%	25.1%	23.0%	11.6%	7.2%	7.9%	5.7%	-1.5%	5.0%	14.9%	-1.1%	16.6%	26.9%	17.2%	40.1%	24.4%	16.0%	-1.5%

Earlier results (standalone, Dec '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

eClerx Services Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	197	257	342	472	571	713	818	1,106	1,162
Operating profit	79	97	149	203	229	308	267	418	421
Operating margin	40.1%	37.7%	43.5%	43.0%	40.1%	43.1%	32.6%	37.8%	36.3%
Other income	-4	-9	8	5	-21	16	32	36	28
Depreciation	7	7	9	13	16	14	29	37	36
Profit before tax	68	81	135	195	191	309	270	391	405
Tax	7	9	16	38	35	63	54	93	74
Net profit	61	73	119	157	156	246	216	298	331

Quarters

showing latest 8 of 41 periods

	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	31	36	42	49	52	54	54	62	69	71	77	82	87	96	99	114	132	127	140	139	146	146	158	183	186	186	189	202	212	216	247	270	290	299	298	291	285	287	289	279	287
Operating profit	13	15	16	15	23	25	21	25	24	27	33	31	40	44	43	54	62	45	53	51	63	62	69	82	76	81	68	71	69	59	79	100	108	131	115	118	100	89	88	88	91
Operating margin	41.9%	42.1%	37.8%	30.4%	44.6%	46.4%	38.0%	40.0%	35.3%	37.9%	43.1%	38.2%	46.2%	46.1%	42.8%	47.2%	47.0%	35.2%	38.0%	36.7%	42.9%	42.6%	43.6%	44.9%	40.7%	43.4%	36.2%	35.1%	32.5%	27.3%	31.8%	37.3%	37.3%	43.7%	38.6%	40.5%	35.0%	30.9%	30.3%	31.4%	31.6%
Other income	2	4	4	3	-3	-7	-6	-5	1	1	1	2	2	3	3	4	3	-5	4	-16	-2	-6	10	1	4	0	1	10	11	9	18	9	4	5	10	5	12	3	10	15	2
Interest	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation	1	1	2	2	2	2	1	2	2	2	1	2	2	3	2	3	3	4	3	4	4	4	3	3	4	4	5	7	7	9	7	9	10	10	8	9	9	9	7	7	8
Profit before tax	13	17	18	16	18	16	13	18	24	26	33	31	40	31	43	54	62	36	52	31	56	52	76	80	77	77	64	74	73	59	89	74	102	125	116	105	102	82	90	116	85
Tax	2	2	2	2	1	1	2	2	3	2	4	4	4	5	8	11	12	7	10	6	9	10	16	16	15	16	13	15	15	11	24	21	22	26	25	19	17	14	18	30	20
Net profit	12	16	16	14	16	15	12	16	21	24	29	27	36	27	35	44	49	29	42	25	48	42	60	64	61	61	51	59	57	49	66	53	80	99	91	87	85	68	73	86	64
EPS ₹	7.05	9.14	8.41	7.33	8.58	7.78	6.16	8.36	11.15	12.59	10.16	9.51	12.45	9.27	12.12	15.12	17.09	10.05	14.37	8.44	16.28	14.17	20.05	21.34	20.43	20.39	16.89	19.38	18.96	16.06	21.63	17.32	19.80	24.31	22.41	21.22	20.85	17.10	18.24	21.69	16.16
Revenue YoY	—	—	—	—	65.0%	52.5%	29.0%	27.0%	33.9%	31.3%	41.8%	31.8%	26.2%	34.0%	29.0%	38.4%	51.3%	33.4%	41.0%	22.2%	10.6%	14.4%	12.7%	32.0%	27.8%	27.2%	19.6%	10.0%	13.7%	16.2%	30.7%	33.6%	37.0%	38.6%	20.7%	8.1%	-1.9%	-3.8%	-3.2%	-4.1%	0.7%
Profit YoY	—	—	—	—	38.4%	-6.4%	-26.5%	14.4%	30.5%	62.7%	148.8%	71.8%	68.7%	11.3%	20.6%	60.6%	38.6%	9.5%	19.5%	-43.6%	-3.5%	43.1%	43.3%	159.4%	28.5%	46.9%	-14.9%	-8.3%	-6.4%	-20.5%	28.8%	-10.3%	40.1%	103.2%	39.2%	64.5%	5.8%	-31.2%	-20.6%	-0.2%	-24.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	18.3%	15.6%	14.1%	13.2%	15.4%	16.0%	16.9%	18.2%	18.3%	18.8%	21.5%	24.1%	26.5%	26.6%	27.1%	25.8%	27.2%	28.5%	28.9%	25.6%	26.0%	22.8%	23.0%	26.2%	26.1%	24.2%	25.5%	23.4%	25.5%	27.6%	28.5%	24.9%
ROCE	26.4%	22.5%	20.3%	18.7%	21.8%	22.9%	24.5%	25.9%	26.2%	26.7%	30.0%	33.5%	36.8%	37.1%	38.0%	36.0%	37.7%	39.3%	39.6%	35.2%	35.9%	31.7%	32.1%	35.6%	35.6%	32.7%	34.5%	32.6%	35.2%	38.2%	39.5%	34.6%
Net margin	15.4%	15.0%	13.6%	12.7%	14.7%	14.5%	15.6%	16.7%	16.6%	18.1%	18.8%	19.3%	19.5%	19.3%	18.6%	18.6%	18.7%	18.5%	18.3%	18.2%	18.0%	17.5%	17.1%	17.1%	16.6%	16.6%	16.7%	16.6%	17.1%	17.2%	16.8%	16.1%
EBITDA margin	21.6%	21.5%	20.6%	20.2%	22.5%	22.5%	24.0%	25.6%	25.9%	28.6%	29.6%	30.4%	30.9%	30.6%	28.9%	28.1%	27.4%	27.3%	27.5%	27.6%	27.6%	26.5%	25.6%	25.0%	24.3%	24.0%	24.5%	24.9%	25.2%	25.5%	25.3%	24.5%
Debt / equity	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	7985.50	7787.50	64.66	28.40	21.65	15.91	16.46	17.27	17.45	19.77	21.67	23.54	25.23	27.03	28.03	30.27	31.75	31.86	31.04	30.20	30.06	30.36	28.54	26.74	24.55	21.59	21.58	21.63	22.42	23.20	21.41	19.52
Asset turnover	1.00	0.90	0.90	0.90	0.91	0.83	0.82	0.82	0.83	0.78	0.85	0.93	1.02	1.04	1.11	1.05	1.10	1.16	1.19	1.10	1.13	1.00	1.03	1.16	1.20	1.07	1.12	1.05	1.11	1.11	1.17	1.11

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	30	30	41	40	38	38	36	34	33	50	48	48	48	47	47	47	92	92
Other equity / reserves	559	685	1,052	1,176	1,167	1,344	1,270	1,467	1,534	1,696	1,667	1,925	2,199	2,001	2,259	2,577	2,469	2,823
Total equity	589	715	1,093	1,215	1,205	1,381	1,306	1,501	1,568	1,746	1,715	1,973	2,248	2,048	2,306	2,624	2,561	2,915
Borrowings	—	0	4	1	6	2	1	0	0	1	1	0	0	0	0	0	0	0
Current liabilities	184	221	141	136	163	148	230	286	302	349	350	313	377	321	441	489	707	640
Non-current liabilities	18	23	55	46	63	67	199	221	199	215	221	241	303	333	397	414	426	503
Total assets	791	959	1,289	1,398	1,431	1,597	1,736	2,008	2,070	2,311	2,288	2,529	2,929	2,704	3,146	3,530	3,697	4,062
Property, plant & equipment	56	70	87	70	65	83	78	85	92	110	106	133	127	130	170	184	203	247
Capital work-in-progress	1	1	0	2	0	0	1	0	2	5	21	0	1	20	0	4	5	8
Investments	115	155	219	252	165	286	437	229	196	234	275	254	406	318	309	439	308	425
Inventories	—	0	0	0	0	0	0	0	1	0	0	1	1	0	0	0	1	0
Receivables	99	126	186	214	233	243	238	293	329	365	440	398	496	710	790	853	1,014	1,070
Cash & equivalents	241	287	283	175	203	126	175	349	420	441	418	420	354	412	542	594	697	730

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY19‡	FY20‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	195	243	418	312	206	333	448	493	526	655	873
Cash from investing	-134	-62	-165	-170	-231	18	38	-84	-488	130	-141
Cash from financing	-84	-115	-165	-245	-54	-308	-416	-440	-107	-610	-622
Capex	21	61	53	30	52	34	61	91	67	121	119
Free cash flow	173	182	365	283	154	298	387	402	458	533	754
Dividends paid	76	106	—	—	—	—	3	3	5	5	5

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹247 cr6%

CWIP

₹8 cr0%

Investments

₹425 cr10%

Inventories

₹0 cr0%

Receivables

₹1,070 cr26%

Cash & equivalents

₹730 cr18%

Other assets

₹1,582 cr39%

Peer comparison

largest in Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Ports and Special Economic Zone Ltd.	4,46,183	1,936.60	38.7	4.36	11.3%
InterGlobe Aviation Ltd.	2,11,757	5,476.00	—	42.39	-82.1%
GMR Airports Ltd.	1,05,277	98.75	210.4	—	—
JSW Infrastructure Ltd.	78,694	338.30	54.6	4.37	8.0%
Container Corporation of India Ltd.	33,496	439.80	27.5	2.51	9.1%
Delhivery Ltd.	32,070	428.00	171.2	3.27	1.9%
Redington Ltd.	25,602	327.50	13.8	2.38	17.2%
Firstsource Solutions Ltd.	20,467	293.65	28.3	4.20	14.8%
Great Eastern Shipping Co. Ltd.	20,398	1,428.70	5.4	1.20	22.1%
International Gemological Institute Ltd.	17,606	407.40	34.1	10.05	29.5%
eClerx Services Ltd.	14,686	1,600.60	20.2	5.04	24.9%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-15.6%

6 months+0.4%

1 year-31.0%

3Y CAGR+16.1%

5Y CAGR+15.3%

10Y CAGR+12.3%

50-day avg₹1,866.50

200-day avg₹1,724.94

RSI (14)18

Compare eClerx Services Ltd. with

Firstsource Solutions vs eClerx Services Great Eastern Shipping Co. vs eClerx Services International Gemological Institute vs eClerx Services eClerx Services vs Central Mine Planning & Design Institute eClerx Services vs Shipping Corporation of India eClerx Services vs MMTC

FAQs

What is the share price of eClerx Services Ltd.?

eClerx Services Ltd. (ECLERX) closed at ₹1,600.60 on NSE on 06 Nov 2026.

What is the market cap of eClerx Services Ltd.?

₹14,686 crore at the latest close.

What is the P/E ratio of eClerx Services Ltd.?

20.2, on trailing-twelve-month earnings from its filings.

How fast is eClerx Services Ltd. growing?

eClerx Services Ltd.: revenue has compounded at 15.8% a year over three years; net profit at 13.0% a year. Latest-quarter revenue is up 18.3% year on year, profit down 1.5%.

How profitable is eClerx Services Ltd.?

On a trailing-twelve-month basis return on equity is 24.9%, return on capital employed 34.6%, operating margin 24.5%, net margin 16.1%.

How much debt does eClerx Services Ltd. have?

eClerx Services Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹730 cr (balance sheet of 2026-09-30). Operating profit covers interest 19.5 times.

Financials parsed from eClerx Services Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.