eClerx Services Limited
eClerx Services Limited provides business process management, change management, data-driven insights, and advanced analytics services in India, the United States, the United Kingdom, Europe, and the Asia Pacific. It offers omnichannel customer support services, customer care journey mapping and insights, automated quality monitoring, workforce management, and field technical operations; digital marketing services, including omnichannel campaigns, creative production, MarTech enablement, search and media operations, and content and commerce services; and creative and content productions, such as photo/video, post-production, 3D CGI, VR/AR, digital workflows, and omnichannel delivery. The company also provides market intelligence services which include digital shelf analytics, competitor intelligence, pricing intelligence, assortment optimization, product launch, revenue and yield management, and bid management; anti-money laundering, anti-bribery and compliance, fraud detection and prevention, know your customer, compliance monitoring and audits, and regulatory reporting; and customer, marketing, sales, and operations analytics, as well as business intelligence and data visualization, and enterprise data management. In addition, it offers trade support, client lifecycle, asset servicing, settlements and clearing, and data management; and finance and accounting outsourcing services which comprise automation, procure to pay, order to cash, record to report, and specialty finance, accounting, and FP&A. Further, it provides technology services consisting of digital transformation, strategic managed, application development, and partner ecosystem services. The company serves financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech industries. eClerx Services Limited was incorporated in 2000 and is based in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jul has averaged the highest return (+14.3%); Feb the lowest (-11.5%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.8%Neutral MonthJan 2026: -0.75% | -31.8%Negative MonthFeb 2026: -31.80% | -12.5%Negative MonthMar 2026: -12.54% | +2.9%Positive MonthApr 2026: +2.94% | +10.5%Positive MonthMay 2026: +10.54% | -16.3%Negative MonthJun 2026: -16.26% | +43.3%*Positive MonthJul 2026: +43.33% | β | β | β | β | β |
| 2025 | -12.7%Negative MonthJan 2025: -12.68% | -6.6%Negative MonthFeb 2025: -6.57% | -2.2%Negative MonthMar 2025: -2.16% | -9.7%Negative MonthApr 2025: -9.73% | +40.6%Positive MonthMay 2025: +40.63% | -0.8%Neutral MonthJun 2025: -0.81% | +7.6%Positive MonthJul 2025: +7.64% | +12.1%Positive MonthAug 2025: +12.11% | -5.0%Negative MonthSep 2025: -5.01% | +18.1%Positive MonthOct 2025: +18.05% | -3.9%Negative MonthNov 2025: -3.89% | +3.0%Positive MonthDec 2025: +3.04% |
| 2024 | +5.2%Positive MonthJan 2024: +5.16% | -7.4%Negative MonthFeb 2024: -7.40% | -6.6%Negative MonthMar 2024: -6.64% | +4.4%Positive MonthApr 2024: +4.43% | -10.8%Negative MonthMay 2024: -10.80% | +10.2%Positive MonthJun 2024: +10.23% | -0.9%Neutral MonthJul 2024: -0.92% | +21.1%Positive MonthAug 2024: +21.09% | +3.6%Positive MonthSep 2024: +3.63% | -3.0%Negative MonthOct 2024: -3.05% | +19.6%Positive MonthNov 2024: +19.62% | -0.2%Neutral MonthDec 2024: -0.17% |
| 2023 | +13.4%Positive MonthJan 2023: +13.43% | -3.6%Negative MonthFeb 2023: -3.63% | -7.8%Negative MonthMar 2023: -7.79% | +5.0%Positive MonthApr 2023: +5.01% | +20.3%Positive MonthMay 2023: +20.26% | -0.2%Neutral MonthJun 2023: -0.17% | +5.6%Positive MonthJul 2023: +5.65% | -5.8%Negative MonthAug 2023: -5.76% | +11.9%Positive MonthSep 2023: +11.87% | +8.0%Positive MonthOct 2023: +7.97% | +37.4%Positive MonthNov 2023: +37.43% | -3.7%Negative MonthDec 2023: -3.69% |
| 2022 | -9.7%Negative MonthJan 2022: -9.74% | -8.3%Negative MonthFeb 2022: -8.34% | +10.0%Positive MonthMar 2022: +10.01% | +1.4%Neutral MonthApr 2022: +1.40% | -15.6%Negative MonthMay 2022: -15.56% | -5.2%Negative MonthJun 2022: -5.17% | +12.8%Positive MonthJul 2022: +12.75% | -3.0%Negative MonthAug 2022: -3.01% | +1.5%Neutral MonthSep 2022: +1.49% | -8.0%Negative MonthOct 2022: -8.01% | +10.4%Positive MonthNov 2022: +10.35% | -11.5%Negative MonthDec 2022: -11.51% |
| 2021 | β | β | β | β | β | +52.3%Positive MonthJun 2021: +52.29% | +17.1%Positive MonthJul 2021: +17.06% | +0.3%Neutral MonthAug 2021: +0.33% | -4.2%Negative MonthSep 2021: -4.19% | +1.1%Neutral MonthOct 2021: +1.13% | -3.3%Negative MonthNov 2021: -3.29% | +23.7%Positive MonthDec 2021: +23.67% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ2.43 K Cr | β | βΉ360.00 Cr | β | β | 26.5% | 16.1% | 0.8% |
| Mar 2024 | βΉ2.10 K Cr | β | βΉ357.00 Cr | β | β | 23.6% | 11.0% | -5.6% |
| Mar 2023 | βΉ1.89 K Cr | β | βΉ378.00 Cr | β | β | 32.6% | 21.7% | 6.5% |
| Mar 2022 | βΉ1.55 K Cr | β | βΉ355.00 Cr | β | β | 30.2% | 29.6% | 48.5% |
| Mar 2021 | βΉ1.20 K Cr | β | βΉ239.00 Cr | β | β | 20.2% | 6.9% | 92.7% |
| Mar 2020 | βΉ1.12 K Cr | β | βΉ124.00 Cr | β | β | 11.2% | -1.8% | -41.0% |
| Mar 2019 | βΉ1.14 K Cr | β | βΉ210.00 Cr | β | β | 16.1% | -0.3% | -24.5% |
| Mar 2018 | βΉ1.14 K Cr | β | βΉ278.00 Cr | β | β | 25.4% | -1.5% | -16.0% |
| Mar 2017 | βΉ1.16 K Cr | β | βΉ331.00 Cr | β | β | 30.1% | 5.1% | 12.2% |
| Mar 2016 | βΉ1.11 K Cr | β | βΉ295.00 Cr | β | β | 30.4% | 35.2% | 36.6% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 713 | 818 | 1,106 | 1,162 | 1,144 | 1,140 | 1,120 | 1,197 | 1,551 | 1,888 | 2,095 | 2,432 | 2,607 |
| Total Expenses | 405 | 551 | 687 | 739 | 817 | 884 | 878 | 837 | 1,027 | 1,366 | 1,577 | 1,906 | 2,038 |
| EBIT / Operating Profit | 308 | 267 | 419 | 423 | 327 | 255 | 242 | 361 | 525 | 523 | 518 | 525 | 569 |
| OPM % | 43% | 33% | 38% | 36% | 29% | 22% | 22% | 30% | 34% | 28% | 25% | 22% | 22% |
| Other Income | 16 | 32 | 12 | 20 | 65 | 56 | 4 | 33 | 21 | 57 | 45 | 64 | 77 |
| Finance Costs | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 19 | 17 | 17 | 19 | 31 | 32 |
| Depreciation & Amortisation | 14 | 29 | 42 | 36 | 30 | 26 | 45 | 50 | 52 | 59 | 64 | 82 | 89 |
| Profit Before Tax | 309 | 270 | 389 | 405 | 361 | 284 | 183 | 324 | 477 | 504 | 480 | 476 | 524 |
| Tax % | 20% | 20% | 24% | 18% | 23% | 26% | 33% | 26% | 26% | 25% | 26% | 25% | - |
| Net Profit / PAT | 247 | 216 | 295 | 331 | 278 | 210 | 124 | 239 | 355 | 378 | 357 | 360 | 395 |
| EPS (βΉ) | 40.81 | 35.55 | 48.18 | 55.47 | 48.03 | 36.08 | 22.26 | 45.66 | 70 | 77.18 | 72.83 | 75.45 | 82.80 |
| Dividend Payout % | 43% | 49% | 1% | 1% | 1% | 2% | 3% | 1% | 1% | 1% | 1% | 1% | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| eClerx Services Limitedthis co. | βΉ21.91 K Cr | βΉ2.43 K Cr | 55.50 | 14.96 | 38.92 | 16.1% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |
