Eclerx Services Ltd
NSE: ECLERX · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) · sector
₹1,876.60NSE close 2026-10-26
Key numbers
Market cap₹17,255 cr
Price₹1,876.60
52w high / low₹2,498 / ₹1,320
P/E24.0xSector median 15.5x
P/B6.7xSector median 1.5x
Book value₹278.6
Dividend yield0.03%Sector median 1.87%
ROE29.9%Sector median 6.6%
ROCE39.5%Sector median 10.7%
OPM25.3%Sector median 12.6%
Debt / equity0.00xSector median 0.06x
EV/EBITDA14.8xSector median 7.0x
Interest cover21.4x
Current ratio3.40x
Sales growth 3y+15.8%Sector median +15.8%
Profit growth 3y+13.1%Sector median +13.1%
PEG1.54x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,038 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 21.4x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.71 percentage points in a year, to 54.52% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- Debtor days went from 62 (FY24) to 90 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,876.60 on 2026-10-26: -24.9% from the 52-week high, +42.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,794.80 · low ₹1,332.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 832 | 854 | 898 | 935 | 1,005 | 1,070 | 1,107 | 1,152 |
| EBITDA | 216 | 207 | 219 | 221 | 271 | 276 | 284 | 265 |
| OPM % | 25.9% | 24.3% | 24.3% | 23.6% | 27.0% | 25.8% | 25.6% | 23.0% |
| Other income | 13 | 21 | 32 | 14 | 27 | 30 | 30 | 18 |
| Net profit | 156 | 137 | 152 | 142 | 183 | 192 | 189 | 164 |
| EPS (₹) | 14.83 | 14.58 | 16.18 | 15.08 | 19.50 | 20.41 | 20.47 | 17.86 |
| Revenue YoY | +20.8% | +25.4% | +23.3% | +23.3% | ||||
| Profit YoY | +17.2% | +40.1% | +24.4% | +16.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,160 | 2,648 | 2,926 | 3,366 | 4,117 | 4,335 |
| EBITDA | 661 | 722 | 773 | 808 | 1,051 | 1,096 |
| Net profit | 417 | 489 | 511 | 541 | 706 | 729 |
| EPS (₹) | 61.91 | 49.38 | 53.08 | 57.09 | 76.23 | 78.23 |
| Revenue growth | +22.6% | +10.5% | +15.1% | +22.3% | +23.2% | |
| Profit growth | +17.1% | +4.6% | +5.8% | +30.5% | +24.1% | |
| Dividend / share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.8% | +21.4% | +23.2% |
| Net profit | +13.0% | +20.1% | +24.1% |
| EPS | +15.6% | +13.3% | – |
| Share price | – | +14.8% (2y) | -13.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,715 | 2,248 | 2,306 | 2,561 |
| Borrowings | – | 1 | 0 | 0 | 0 |
| Cash & equivalents | – | 690 | 1,085 | 1,026 | 1,038 |
| Total assets | – | 2,288 | 2,929 | 3,146 | 3,697 |
| Fixed assets | – | 106 | 127 | 170 | 203 |
| Capital work in progress | – | 21 | 1 | 0 | 5 |
| Investments | – | 12 | 14 | 22 | 8 |
| Receivables | – | 440 | 496 | 790 | 1,014 |
| Inventory | – | 0 | 1 | 0 | 1 |
| Payables | – | 18 | 19 | 79 | 100 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 448 | 493 | 526 | 655 | 873 |
| Cash from investing | 38 | -84 | -488 | 130 | -141 |
| Cash from financing | -416 | -440 | -107 | -610 | -622 |
| Capex | 61 | 91 | 67 | 121 | 119 |
| Free cash flow | 387 | 402 | 458 | 533 | 754 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 28.5% | 22.8% | 23.5% | 27.6% |
| ROCE % | – | 39.3% | 31.7% | 32.7% | 38.2% |
| Debtor days | – | 61 | 62 | 86 | 90 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 2 | 2 | 9 | 9 |
| Cash conversion cycle (days) | – | 59 | 60 | 77 | 81 |
| Working capital days | – | 141 | 196 | 170 | 151 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.52% |
| FIIs | 9.68% |
| DIIs | 24.55% |
| of which Mutual funds | 23.91% |
| of which Insurance | 0.49% |
| Government | 0.02% |
| Public (non-institutions) | 8.81% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Jan 2026 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 53.81% | 53.81% | 53.81% | 54.52% | 54.52% | 54.52% | 54.52% | 54.52% |
| Promoter group | % |
|---|---|
| Priyadarshan Mundhra | 27.21% |
| Anjan Malik | 27.20% |
| Vijay Kumar Mundhra | 0.07% |
| Supriya Modi | 0.05% |
| Shweta Mundhra | 0.00% |
| Pawan Malik | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Large and MID CAP Fund | 8.94% |
| Nippon Life India Trustee Ltd-a/c Nippon India SMA | 3.76% |
| DSP Small CAP Fund | 2.56% |
| Barclays Wealth Trustees India PVT Ltd | 2.41% |
| Bandhan Small CAP Fund | 2.08% |
| Motilal Oswal Nifty 500 ETF | 1.52% |
| HSBC Mutual Fund - HSBC Small CAP Fund | 1.39% |
71,176 shareholders. Pledged: 0.00% of promoter shares.
Peers in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| FSL | ₹20,370 cr | 30.1x | 4.7x | 15.8% | 16.5% | 14.8% | +16.6% | 1.87% |
| ECLERX | ₹17,255 cr | 24.0x | 6.7x | 29.9% | 39.5% | 25.3% | +15.8% | 0.03% |
| RPSGVENT | ₹2,682 cr | – | 1.1x | -5.0% | 11.6% | 13.2% | +16.5% | 6.51% |
| ONEPOINT | ₹1,828 cr | 40.7x | 4.1x | 10.6% | 12.4% | 22.8% | +30.7% | – |
| HGS | ₹1,557 cr | – | 0.2x | -0.5% | 1.0% | 0.6% | -1.5% | 0.06% |
| ALLDIGI | ₹1,172 cr | 13.7x | 4.7x | 33.5% | 42.8% | 26.3% | +15.3% | 7.81% |
| NSBBPO | ₹58 cr | 4.5x | 0.3x | 6.6% | 8.1% | 12.1% | – | – |
| WEWIN | ₹46 cr | 15.5x | 1.5x | 14.7% | 10.7% | 5.6% | +24.3% | – |
| INFORTEC | ₹34 cr | 9.0x | 1.5x | 5.4% | 6.7% | -143.0% | -21.6% | – |
| BNRUDY | ₹10 cr | 7.1x | 1.1x | -2.4% | -5.8% | -61.5% | -30.0% | – |
All 11 companies in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) →
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-21 | Dividend | Dividend - Re 1 Per Share |
| 2026-03-13 | Bonus | Bonus 1:1 |
| 2025-12-17 | Buyback | Buy Back |
| 2025-08-22 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-06 | Dividend | Dividend - Re 1 Per Share |
| 2024-07-04 | Buyback | Buy Back |
| 2023-08-31 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-12-26 | Buyback | Buy Back |
| 2022-09-21 | Bonus | Bonus 1:2 |
| 2022-09-07 | Other | Annual General Meeting |
| 2022-08-19 | Dividend | Dividend - Re 1 Per Share |
| 2021-09-29 | Buyback | Buyback |
| 2021-09-15 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-16 | Dividend | Dividend - Re 1 Per Share |
| 2019-08-21 | Dividend | Annual General Meeting/Dividend Rs 1 Per Share |
| 2019-05-09 | Buyback | Buy Back |
| 2018-08-20 | Dividend | Annual General Meeting/Dividend- Re 1 Per Share |
| 2018-02-02 | Buyback | Buyback |
| 2017-08-11 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2016-10-27 | Buyback | Buy Back |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information Technology enabled Services: eClerx provides specialized Business Process Management (BPM), automation, and analytics services to its clients.
| Sector | Services |
| Industry | Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) |
| Sub-industry | Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) |
| Symbol | ECLERX |
| BSE code | 532927 |
| ISIN | INE738I01010 |
| Face value | ₹10.0 |
| Incorporated | 2000-03-24 |
| Website | www.eclerx.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.