E

eClerx Services Limited

ECLERXNSE
Market snapshot · 2026-08-11 12:52 UTC

1,795.60

+₹32.30 (+1.83%)

MARKET CAP

₹16.52K Cr

STOCK P/E

23.3x

52W HIGH

₹2,497.50

52W LOW

₹1,320.00

BOOK VALUE

₹276.89

EPS

₹77.23

ROE

SECTOR

Information Technology

DEBT/EQUITY

15.01

VOLUME

2.40L

P/B RATIO

6.49x

PEG RATIO

1.24

Sector

Information Technology

Themes

Outsourced services
D
Dividend
S
Split
E
Earnings
₹2,416.10₹2,157.10₹1,898.10₹1,639.10₹1,380.10VolumeDEESEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for ECLERX.

10.00 analysts

Price Forecast

Current
₹1,796
High Target
₹2,150
▲ +19.7%
Median Target
₹1,978
▲ +10.1%
Low Target
₹1,520
▼ -15.3%
Now₹1,796High ₹2,150Median ₹1,978Low ₹1,520Aug '25Now12M Target
Price history (1Y)
Analyst target range
10 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,288 - ₹2,36080%
6M₹1,103 - ₹2,59880%
12M₹870.58 - ₹2,92480%
Realized vol: +47.3% · Drift: -0.6%

Revenue Forecast

₹ Cr
Jun '26Current₹782.0
Sep 2026 ETrend estimate range
High₹890.0Base₹824.0Low₹758.1
Sep '25: ₹691.0 · Dec '25: ₹736.0 · Mar '26: ₹766.0 · Jun '26: ₹782.0 · Sep '26: ₹824.0 · Dec '26: ₹877.7
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E691.0736.0766.0782.0824.0877.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹14.12
Sep 2026 ETrend estimate range
High₹18.07Base₹16.13Low₹14.19
Sep '25: ₹11.55 · Dec '25: ₹13.39 · Mar '26: ₹13.72 · Jun '26: ₹14.12 · Sep '26: ₹16.13 · Dec '26: ₹18.70
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E11.5513.3913.7214.1216.1318.70
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
66%
Analyst Consensus
Weakening

From 10 analysts

Mean upside+6.6%

Fundamentals

Strong

Fundamentals institutional score is 92 using growth durability 92.1.

Valuation

Premium valuation

Valuation institutional score is 32 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 50 using mean target upside 6.6%; dispersion penalty 13.2; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 91 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,913.7 target
Mean Upside+6.6%
Technical Score91%
Fundamental Score92%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 22.3% above historical median. Valuation is stable — currently in the overvalued zone (z-score: +0.67). Confidence: 75%.

Live forward EPS implies next-12-month EPS of ₹99.08. Applying the stock's normalized valuation corridor produces a fair range of ₹1,599.15 to ₹2,312.53, with base value near ₹1,892.43 (+5.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹99.08

Forward P/E

18.1x

Base Fair Value

₹1,892.43

Fair Range

₹1,599.15 - ₹2,312.53

Upside To Base

+5.4%

Estimate Source

Live forward EPS

Growth Estimate

+18.8%

P/E
Overvalued

5Y Average

16.02

Current

23.36

Overvalued

23.34

Undervalued

16.14

P/S
Strongly Overvalued

5Y Average

2.61

Current

3.81

Overvalued

3.21

Undervalued

1.54

EV/EBITDA
Strongly Overvalued

5Y Average

9.69

Current

14.13

Overvalued

11.90

Undervalued

5.72

Peers & Comparison

Sector: Information Technology · Theme: Outsourced services

Outsourced services Peers2 peers
Avg P/E: 22.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
FIRSTSOURCE SOLU. LTD.
FSLOutsourced services
+22.9%6.7%
29.2x
Premium
+32% vs avg
-23.8%
BLS INTL SERVS LTD
BLSOutsourced services
+28.5%22.2%
15.2x
Undervalued
-32% vs avg
-33.3%
WHY THESE PEERS

ECLERX SERVICES LTD trades in line with peers (23.3x vs avg 22.2x), reflecting a fair valuation within the Outsourced Services cohort. Peers include FIRSTSOURCE SOLU. LTD., BLS INTL SERVS LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹782 CrJun 2026

Latest net profit

₹133 CrJun 2026

Latest EPS

₹14.12Jun 2026

Net margin

26.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%7.0%14.0%21.0%28.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹4₹8₹12₹16
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +495509530561569612609642665691736766782
Expenses +377381395425465465481496522538562587578
Operating Profit119127136136104148127146143153174178204
OPM %24%25%26%24%18%24%21%23%22%22%24%23%26%
Other Income +6101415141013271026262810
Interest55557779887811
Depreciation14151718181921242024252625
Profit before tax10611712912894131112140125147168172177
Tax %25%26%26%26%25%26%26%23%26%25%25%25%25%
Net Profit +8087969570988310893110126129133
EPS in Rs8.138.829.769.677.1710.248.7311.369.7511.5513.3913.7214.12
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +53.81%53.81%53.81%54.53%54.53%
FIIs +10.16%10.95%11.39%11.82%11.01%
DIIs +26.04%25.72%25.31%23.95%23.84%
Government +0.02%0.02%0.02%0.02%0.02%
Public +8.59%7.98%7.67%7.53%8.43%
Others1.38%1.52%1.80%2.15%2.17%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 06, 2026PDFCompany Reports Open

Shareholders Communication - Deduction Of Tax At Source On Dividend

Aug 06, 2026PDFCompany Reports Open