Skip to content

    eClerx Services Limited

    AI-powered analytics, digital operations, automation and BPM services for Fortune 500 enterprises worldwide.

    Services
    Services
    View ECLERX earnings calls
    ₹1,418.7
    -5.10% from avg

    Overview

    Price

    ₹1,418.7

    Market Cap

    ₹17.0k Cr

    Sector

    Services

    Services

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital3734334848474792
    Reserves1.1k1.1k1.1k1.1k1.5k1.3k2.6k1.1k
    Borrowings127121107125199262395254
    Other Liabilities278222264313335424511627
    Total Liabilities1.5k1.5k1.5k1.6k2.0k2.0k3.5k2.1k
    AssetsFixed Assets1591481361572633531.0k342
    CWIP002201040
    Investments674713683676799667439569
    Other Assets6836647247439841.0k2.0k1.2k
    Total Assets1.5k1.5k1.5k1.6k2.0k2.0k3.5k2.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating161291248355355367434471
    Cash from Investing-2673514454-35421643
    Cash from Financing1-302-173-393-419-79-587-583
    SummaryCapital Expenditure
    Free Cash Flow122269219317300327350412
    FCF Margin

    Valuation

    Assumptions

    Current — ECLERX
    Price
    ₹1,419
    EPS (TTM)
    ₹48.41
    PE (TTM)
    29.3
    Profit growth
    -0.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (68.9×) and current (29.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,419
    vs
    Fair value · 15% return
    ₹564
    60%Overvalued

    At -0.4% growth and a 29× exit, ₹1419 only delivers your return if you pay ₹564. The price is currently baking in 18% growth.

    EPS grows -0.4%/yr for 5 years, then fades to 6% over 2, exits at 29×.

    YearGrowthEPS (₹)
    FY27-0.4%48.22
    FY28-0.4%48.02
    FY29-0.4%47.83
    FY30-0.4%47.64
    FY31-0.4%47.45
    FY322.8% ·fade48.78
    FY336.0% ·fade51.70

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse eClerx Services Limited

    Guides on how to read this kind of business and the numbers that matter.