eClerx Services share price, P/E, ROE & financials

On 6 Nov 2026, eClerx Services was priced at ₹1,600.60, or 20.8× trailing earnings, against an industry P/E of 17.7×, and the shares are 36% below their 52-week high. Sales and net profit grew 16% and 13% a year over 3 years, with ROCE of 33% and ROE of 26%. Debt is 0.18× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹14,730 Cr, ranked 16th of 126 Information Technology Services companies by market cap; the shares fell 33% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,586.90
Day high: ₹1,622.90
Day low: ₹1,562.10
Prev. close: ₹1,588.50
Volume: 1.6 L

Health check

3 good · 3 to check

ReturnsBehind
−33.0% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 20.8 vs industry 17.7.
GrowthStrong
Sales +15.8%, profit +13.0% a year over 3 years.
ProfitabilityStrong
ROCE 32.7% vs peer median 27.2%.
Balance sheetSolid
Debt 0.18× equity, interest covered 23.2×, Piotroski 7 of 9.
Red flags1 to check
36% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Information Technology Services

125 listed peers. Screen the industry

Small cap

₹14,730 Cr, #16 of 126 in its industry by size.

Defensive

Beta 0.47 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹4,519 Cr · profit ₹726 Cr

Market cap: ₹14,730 Cr; Small cap
P/E: 20.8; Industry 17.7
Price to book: 5.05; Peers 5.20
Dividend yield: 0.06%
ROE: 26.2%; Peers 22.9%
ROCE: 32.7%; Peers 27.2%
Debt to equity: 0.18; Debt ₹511 Cr
EPS (TTM): ₹76.79; Face value ₹10
OPM (TTM): 24.5%; Net margin 16.1%
Sales growth: +18.3%; Latest quarter vs a year ago
Profit growth: +1.2%; Latest quarter vs a year ago
Price to sales: 3.26; EV/EBITDA 13.4

Strengths

Return on equity of 26.2%.
Return on capital employed of 32.7%.
Quarterly sales up 18.3% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

36% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About eClerx Services

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,…

Headquarters: Mumbai
Employees: 12,641
Sector: Technology
ISIN: INE738I01010
Website: eclerx.com

Price range

52 weeks

₹1,320.00₹2,497.50

Today

₹1,562.10₹1,622.90

Avg volume (3M): 2.3 L
1-year return: minus 33.0%
From 52-week high: minus 35.9%

Analyst consensus

11 analysts

HoldMean target ₹1,813.45 13.3%

Target range, with today’s price

Low ₹1,450.00High ₹2,250.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Information Technology Services

Compare with peers Screen the whole industry

Company
TCSTata Consultancy Services	2,498.50	plus 0.11%	9,03,979	17.5	7.60	54.9%	45.6%	26.5%	5.8%	5.3%	1.92%	minus 16.5%
INFYInfosys	1,181.40	plus 1.20%	4,78,511	15.7	4.91	39.0%	30.0%	23.1%	6.7%	6.9%	4.40%	minus 20.5%
HCLTECHHCL Technologies	1,440.00	plus 0.66%	3,89,754	21.3	5.20	27.2%	24.6%	20.8%	8.7%	3.9%	3.33%	minus 6.4%
WIPROWipro	198.00	minus 0.20%	1,95,898	15.6	2.46	17.8%	15.9%	19.2%	0.8%	5.2%	4.04%	minus 16.6%
TECHMTech Mahindra	1,831.00	plus 0.46%	1,79,476	29.4	5.47	19.8%	19.2%	17.2%	2.2%	−0.1%	2.79%	plus 29.3%
LTMLTM	4,338.00	minus 1.25%	1,28,620	24.6	4.97	25.4%	21.0%	17.9%	8.4%	4.4%	1.80%	minus 21.8%
PERSISTENTPersistent Systems	6,053.50	minus 0.92%	99,859	53.0	11.12	29.4%	22.9%	16.9%	20.9%	26.5%	0.59%	plus 4.3%
ECLERXeClerx Services	1,600.60	plus 0.76%	14,730	20.8	5.05	32.7%	26.2%	24.5%	15.8%	13.0%	0.06%	minus 33.0%
Median of 7 peers	–	0.11%	1,95,898	21.3	5.20	27.2%	22.9%	19.2%	6.7%	5.2%	2.79%	−16.5%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
935	–	1,070	1,107	1,152	1,189
710	–	794	824	887	905
224	–	276	284	265	284
24.0%	–	25.8%	25.6%	23.0%	23.9%
10.5	–	30.1	29.8	17.9	24
9.7	–	9.9	11.7	14.9	15.2
36.9	–	46.3	49.7	49.6	55.8
188	–	250	252	219	237
24.7%	–	23.3%	24.7%	24.9%	23.8%
142	–	192	189	164	180
–	19.05	19.89	20.04	17.61	19.27

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +15.8%
Profit CAGR 3Y: +13.0%
EPS CAGR 3Y: +15.3%
ROE: 26.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,649	2,926	3,366	4,117
–	+10.5%	+15.1%	+22.3%
1,923	2,128	2,526	3,044
726	797	840	1,073
27.4%	27.3%	24.9%	26.1%
42.1	65.6	38.5	68.7
21.2	23.5	34.9	42.1
114	148	141	175
20.4	−1.8	16.6	11.3
653	689	719	935
25.1%	25.8%	24.7%	24.5%
489	511	541	706
–	+4.6%	+5.8%	+30.5%
48.58	52.19	56.04	74.42

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
48	48.2	47	92
1,667	2,199	2,259	2,469
194	266	358	385
379	403	482	751
2,288	2,916	3,146	3,697
280	370	495	544
20.8	0.8	0.2	4.9
12.3	14.1	21.9	7.7
689	1,084	1,020	1,031
1,286	1,447	1,608	2,109
2,288	2,916	3,146	3,697

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
493	526	655	873
−84.4	−487	131	−141
−440	−107	−610	−622
−31.9	−68	176	111
−90.8	−67.4	−121	−119
402	459	533	754
−3.3	−4.8	−4.7	−4.7

Shareholding pattern

Source: NSE filings

54.5%

promoters

Promoters54.52%
Public43.06%
Employee trusts2.41%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	54.52%	43.06%	0.00
30 Jun 2026	54.52%	43.29%	0.00
31 Mar 2026	54.52%	43.32%	0.00
16 Mar 2026	54.52%	43.50%	0.00
7 Jan 2026	54.52%	43.65%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you