ECLERX

eClerx Services Limited

AI-powered analytics and business process management services

Services›Services›Commercial Services & Supplies›Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)

Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹1957.00
Market cap
18,406 Cr
Stock P/E
24.7
P/B
7.03
Dividend yield
0.0%
ROE (FY26)
27.5%
ROCE (FY26)
38.1%
Operating margin (FY26)
21.3%
OCF / EBITDA (FY26)
83.1%
OCF / EBITDA (3Y)
78.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

eClerx is an Indian outsourcing company that runs data, analytics, finance and accounting, customer service and marketing technology operations for large global clients.

Company snapshot

2ndBy market cap

Ranked among 7 companies in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO).

What we see

Positives
  • ✓Net margin of 17.2% — the business keeps a healthy share of every rupee it earns.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales722 Cr753 Cr767 Cr782 Cr832 Cr854 Cr898 Cr935 Cr1,005 Cr1,070 Cr1,107 Cr1,152 Cr
Operating expenses (approx.)517 Cr546 Cr571 Cr616 Cr616 Cr646 Cr680 Cr714 Cr734 Cr794 Cr824 Cr887 Cr
EBITDA205 Cr207 Cr196 Cr166 Cr216 Cr207 Cr219 Cr221 Cr271 Cr276 Cr284 Cr265 Cr
OPM %28.4%27.5%25.5%21.3%25.9%24.3%24.3%23.6%27.0%25.8%25.6%23.0%
Other income14 Cr21 Cr23 Cr21 Cr13 Cr21 Cr32 Cr14 Cr27 Cr30 Cr30 Cr18 Cr
Interest6 Cr6 Cr6 Cr8 Cr8 Cr8 Cr11 Cr10 Cr11 Cr10 Cr12 Cr15 Cr
Depreciation30 Cr34 Cr34 Cr32 Cr33 Cr36 Cr41 Cr37 Cr43 Cr46 Cr50 Cr50 Cr
Profit before tax182 Cr187 Cr179 Cr148 Cr188 Cr184 Cr199 Cr188 Cr245 Cr250 Cr252 Cr219 Cr
Tax %25.4%25.6%27.6%24.2%25.7%25.4%23.3%24.7%25.1%23.3%24.7%24.9%
Net profit136 Cr139 Cr130 Cr112 Cr139 Cr137 Cr153 Cr142 Cr183 Cr192 Cr190 Cr164 Cr
EPS (₹)₹28.20₹28.76₹27.07₹23.13₹29.66₹29.16₹32.37₹30.16₹39.00₹40.81₹20.47₹17.86

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,330 Cr1,365 Cr1,431 Cr1,438 Cr1,564 Cr2,160 Cr2,648 Cr2,926 Cr3,366 Cr4,117 CrSign in free for the trailing twelve months
Operating expenses (approx.)871 Cr999 Cr1,123 Cr1,114 Cr1,116 Cr1,500 Cr1,926 Cr2,151 Cr2,558 Cr3,066 CrSign in free for the trailing twelve months
EBITDA459 Cr366 Cr308 Cr324 Cr448 Cr661 Cr722 Cr775 Cr808 Cr1,051 CrSign in free for the trailing twelve months
OPM %34.5%26.8%21.5%22.5%28.6%30.6%27.3%26.5%24.0%25.5%Sign in free for the trailing twelve months
Other income28 Cr40 Cr49 Cr47 Cr34 Cr25 Cr66 Cr66 Cr87 Cr101 CrSign in free for the trailing twelve months
Interest0.03 Cr0.04 Cr0.04 Cr19 Cr20 Cr22 Cr21 Cr23 Cr35 Cr42 CrSign in free for the trailing twelve months
Depreciation52 Cr48 Cr45 Cr71 Cr82 Cr103 Cr114 Cr126 Cr141 Cr175 CrSign in free for the trailing twelve months
Profit before tax436 Cr380 Cr311 Cr281 Cr381 Cr560 Cr653 Cr689 Cr719 Cr935 CrSign in free for the trailing twelve months
Tax %18.8%23.6%26.7%25.5%25.7%25.5%25.1%25.8%24.7%24.5%Sign in free for the trailing twelve months
Net profit354 Cr290 Cr228 Cr209 Cr283 Cr418 Cr489 Cr512 Cr541 Cr706 CrSign in free for the trailing twelve months
EPS (₹)₹87.35₹73.23₹60.07₹57.26₹81.61₹123.81₹98.76₹106.15₹114.19₹76.23Sign in free for the trailing twelve months
Dividend payout %————1.2%0.8%0.7%0.9%0.9%0.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital40 Cr38 Cr38 Cr36 Cr34 Cr33 Cr48 Cr48 Cr47 Cr92 Cr
Reserves1,176 Cr1,167 Cr1,344 Cr1,270 Cr1,467 Cr1,534 Cr1,667 Cr2,199 Cr2,259 Cr2,469 Cr
Borrowings1 Cr6 Cr2 Cr0.87 Cr0.49 Cr0.14 Cr0.98 Cr———
Other liabilities181 Cr219 Cr214 Cr428 Cr506 Cr501 Cr570 Cr679 Cr838 Cr1,133 Cr
Total liabilities1,398 Cr1,431 Cr1,597 Cr1,736 Cr2,008 Cr2,070 Cr2,288 Cr2,929 Cr3,146 Cr3,697 Cr
Fixed assets (net)70 Cr65 Cr83 Cr78 Cr85 Cr92 Cr106 Cr127 Cr170 Cr203 Cr
CWIP2 Cr0.09 Cr0.17 Cr0.80 Cr0.48 Cr2 Cr21 Cr0.77 Cr0.19 Cr5 Cr
Investments252 Cr165 Cr286 Cr437 Cr229 Cr198 Cr275 Cr406 Cr634 Cr644 Cr
Inventories0.25 Cr0.44 Cr0.36 Cr0.30 Cr0.32 Cr0.52 Cr0.45 Cr0.65 Cr0.23 Cr0.62 Cr
Trade receivables214 Cr233 Cr243 Cr238 Cr293 Cr329 Cr440 Cr496 Cr790 Cr1,014 Cr
Cash & bank175 Cr203 Cr126 Cr175 Cr349 Cr420 Cr418 Cr354 Cr542 Cr697 Cr
Other assets685 Cr764 Cr859 Cr808 Cr1,052 Cr1,027 Cr1,027 Cr1,544 Cr1,010 Cr1,134 Cr
Total assets1,398 Cr1,431 Cr1,597 Cr1,736 Cr2,008 Cr2,070 Cr2,288 Cr2,929 Cr3,146 Cr3,697 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity312 Cr305 Cr206 Cr333 Cr365 Cr448 Cr493 Cr526 Cr655 Cr873 Cr
Cash from investing-170 Cr17 Cr-231 Cr18 Cr-5 Cr38 Cr-84 Cr-488 Cr131 Cr-141 Cr
Cash from financing-245 Cr-304 Cr-54 Cr-308 Cr-188 Cr-416 Cr-440 Cr-107 Cr-610 Cr-622 Cr
Net cash flow-108 Cr28 Cr-77 Cr49 Cr174 Cr71 Cr-2 Cr-64 Cr188 Cr155 Cr
Free cash flow (OCF − Capex)283 Cr263 Cr154 Cr298 Cr326 Cr387 Cr402 Cr459 Cr533 Cr754 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %35.8%31.3%22.5%22.9%26.7%37.1%39.3%31.7%32.6%38.1%
ROE %29.1%24.1%16.5%16.0%18.8%26.6%28.5%22.7%23.4%27.5%
Debtor days59626260685561628590
Inventory days0000000000
Days payable4534532289
Cash conversion cycle55575957635358607781
OCF / EBITDA %68.0%83.3%67.0%102.9%81.4%67.8%68.2%67.9%81.0%83.1%
OCF / EBITDA % (3 years)——72.7%84.6%83.7%80.0%71.3%68.0%72.6%78.0%
Debt / equity0.00090.00530.00120.00070.00030.00010.00060.000.00—
Current ratio7.436.377.875.104.214.213.925.174.563.40
Net debt / EBITDA-0.38—-0.40-0.54-0.78-0.64-0.58-0.46-0.67-0.66