ECLERX · NSE

eClerx Services Limited

₹1,915.6

-0.38% (-₹7.4)

Prev. close

₹1,923

Volume

1,77,527

Delivery %

48.3%

As of

18 Sept 2026

Price history

Bullish

Nagaraj Shetti · HDFC Securities · 03 Sept 2026

Bullish on eClerx Services, recommending a buy at ₹2,000 with a target of ₹2,165 and a stop-loss at ₹1,920, over a 2-3 week timeframe. The stock has shown resilience in weak markets and is attempting a breakout from a larger consolidation, with weekly charts indicating a bullish flag breakout and positive volume/RSI patterns.

Entry ₹2,000Target ₹2,165 (+8.3%)Stop ₹1,920 (-4.0%)R:R 2.1:1Stopped out · 04 Sept 2026

Published mid-session at 12:28 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

Target ₹2,165PENDINGCall pageClear
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Nagaraj Shetti's call · 03 Sept 2026

Analyst sentiment

Analysts lean bullish

3 analyst stances · last 90 days · one per analyst

Trackable

3 · 3 bull / 0 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 100% (3)Neutral 0% (0)Bearish 0% (0)
Explore by date range →

Analyst opinions

CallAnalystInstrumentVerdictActions
Bullish on eClerx Services, recommending a buy at ₹2,000 with a target of ₹2,165 and a stop-loss at ₹1,920, over a 2-3 w…Nagaraj ShettiHDFC SecuritieseClerx ServicesPENDING
Bullish on eClerx Services, recommending a buy at ₹2,000 with a target of ₹2,165 and a stop-loss at ₹1,920, over a 2-3 week timeframe. The stock has shown resilience in weak markets and is attempting a breakout from a larger consolidation, with weekly charts indicating a bullish flag breakout and positive volume/RSI patterns.
Trade setupTarget ₹2,165Track opinion →

This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded.

Fundamentals

About eClerx Services Limited

eClerx Services Limited provides business process management, change management, data-driven insights, and advanced analytics services in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It offers omnichannel customer support, customer journey mapping, quality monitoring, and field technical operations; digital marketing services, including omnichannel campaigns, creative production, product data management, MarTech enablement, search and media operations, and content and commerce services; and creative and content productions, such as photo/video management, post-production, 3D-CGI, VR/AR, digital workflows, and omnichannel delivery. The company also provides market intelligence services comprising digital shelf analytics, competitor intelligence, pricing intelligence, assortment optimization, product launch, revenue and yield management, and bid management; anti-money laundering, anti-bribery and corruption, fraud detection and prevention, know your customer, compliance monitoring and audits, and regulatory reporting; and data and cloud engineering, customer analytics, sales and marketing analytics, and care and support analytics services. In addition, it offers trade support, client lifecycle, asset servicing, settlements and clearing, lending operations, and data and document management; and procure to pay, order to cash, record to report, and specialty finance accounting, as well as digital transformation, strategic managed, and application development services. The company serves financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech industries. eClerx Services Limited was incorporated in 2000 and is based in Mumbai, India.

Details

Sector

Technology

Industry

Information Technology Services

CEO

Mr. Kapil Jain

Headquarters

Mumbai

Employees

12,641

Website

eclerx.com

Key stats

Market cap

₹17,628.36 Cr

P/E ratio (TTM)

24.8

Dividend yield

0.05%

EPS (TTM)

₹77.30

Beta (1Y · daily vs NIFTY 50)

1.29

Beta (5Y · monthly vs NIFTY 50)

1.09

Shares float

3.94 Cr

EPS · quarter ended Jun 2026

₹17.61

Financial Performance

01 · Financials

0 Cr2000 Cr4000 Cr6000 Cr0%10%20%30%40%FY21FY22FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

0255075FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

001110%20%40%60%16 Sept 2015 Sept 2119 Aug 2231 Aug 2306 Sept 2422 Aug 2521 Aug 26
Dividend (₹/share)Annualised yieldAnnual dividend growth (FY)

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-100%0%100%200%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr1000 Cr2000 Cr3000 Cr4000 Cr0.5×1.5×FY21FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr1000 Cr2000 Cr3000 Cr4000 CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

0 Cr200 Cr400 Cr600 Cr800 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹1,564.49 Cr₹2,160.35 Cr₹2,647.90 Cr₹2,925.54 Cr₹3,365.87 Cr₹4,117.03 Cr
EBITDA₹482.49 Cr₹685.20 Cr₹788.17 Cr₹861.09 Cr₹894.61 Cr₹1,152.63 Cr
₹282.56 Cr₹417.40 Cr₹488.82 Cr₹511.46 Cr₹541.09 Cr₹706.21 Cr
Diluted EPS₹27.1₹40.52₹48.58₹52.19₹56.04₹74.42

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹1,991.00 Cr₹2,055.00 Cr₹2,274.00 Cr₹2,919.00 Cr₹3,139.00 Cr₹3,691.00 Cr
₹174.73 Cr₹163.12 Cr₹193.56 Cr₹265.74 Cr₹358.13 Cr₹384.95 Cr
Stockholders' equity₹1,501.00 Cr₹1,567.00 Cr₹1,715.00 Cr₹2,247.00 Cr₹2,306.00 Cr₹2,561.00 Cr

Long-term debt, Current (short-term) debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹365.00 Cr₹444.00 Cr₹493.00 Cr₹526.00 Cr₹655.00 Cr₹873.00 Cr
Investing cash flow₹-4.53 Cr₹37.98 Cr₹-84.40 Cr₹-487.88 Cr₹130.50 Cr₹-140.82 Cr
₹-188.00 Cr₹-416.00 Cr₹-440.00 Cr₹-107.00 Cr₹-610.00 Cr₹-622.00 Cr
Capital expenditure₹-39.00 Cr₹-61.00 Cr₹-91.00 Cr₹-67.00 Cr₹-121.00 Cr₹-119.00 Cr
End cash position₹349.02 Cr₹420.30 Cr₹418.01 Cr₹353.95 Cr₹541.70 Cr₹696.77 Cr

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21Nov 21Dec 21Mar 22Jun 22Sep 22(2Q)Sep 22Dec 22Feb 23Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Jul 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Jan 26Mar 26Mar 26Jun 26
Promoter53.81%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%53.81%54.52%54.52%54.52%54.52%
Public44.18%43.96%44.53%44.47%44.51%44.48%44.45%44.34%44.37%44.67%44.71%44.76%44.73%44.96%44.75%44.77%44.86%44.75%44.80%44.67%44.39%43.65%43.50%43.32%43.29%
Employee trusts2.01%2.02%2.09%2.15%2.11%2.14%2.17%2.05%2.02%1.72%1.68%1.63%1.66%1.43%1.44%1.42%1.33%1.44%1.39%1.52%1.80%1.83%1.97%2.15%2.19%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Technology

Company
Tata Consultancy Services Limited₹7.92 L Cr₹2,10515.97.3945.9%0.11+4.6%-33.7%
Infosys Limited₹4.20 L Cr₹1,037.713.533.9%0.10+4.6%-31.2%
HCL Technologies Limited₹3.40 L Cr₹1,249.319.54.5322.1%0.07+11.2%-16.4%
Wipro Limited₹1.65 L Cr₹166.413.51.8614.9%0.23+4.0%-34.5%
Tech Mahindra Limited₹1.38 L Cr₹1,537.127.04.6716.2%0.07+7.2%-0.9%
LTM Limited₹1.26 L Cr₹4,275.124.25.2620.9%0.10+11.3%
One 97 Communications Limited₹1.13 L Cr₹1,849.9175.97.053.5%0.01+21.5%+50.5%
LG Electronics India Limited₹1.11 L Cr₹1,652.960.614.4222.0%0.06+1.3%
Oracle Financial Services Software Limited₹1.01 L Cr₹11,89629.712.9333.7%0.00+12.1%+29.7%
Persistent Systems Limited₹85,505.25 Cr₹5,41644.710.9123.8%0.06+23.5%-2.7%
Dixon Technologies (India) Limited₹80,805.72 Cr₹13,00543.317.2830.8%0.21+25.8%-29.1%
eClerx Services Limited₹18,048.00 Cr₹1,92325.47.0527.6%0.15+22.3%-56.2%

Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

24 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

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