eClerx Services Ltd.
•₹ 1,815.70.6%
2026-08-21
PROS
- Company is almost debt free
- Company has delivered good profit growth of 20.1% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 36.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
- Latest quarter profit grew 1060.3% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
CONS
- Operating margins have contracted to 25.6% from 29.8%
- Stock is trading at 5.2x its book value
- Though reporting repeated profits, the company pays out little dividend (1.3%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NAUKRI | 1367.50 | 55.43 | 88671.52 | 0.61 | 490.05 | 42.93 | 880.75 | 11.37 | 5.94 | 39.10 |
| 2. | AFFLE | 1694.45 | 49.97 | 23877.23 | 0.00 | 128.44 | 21.74 | 747.16 | 20.37 | 16.85 | 22.43 |
| 3. | FSL | 273.15 | 28.88 | 19376.49 | 2.01 | 165.92 | -2.01 | 2724.88 | 22.69 | 17.26 | 16.56 |
| 4. | ECLERX | 1832.85 | 23.65 | 17238.09 | 0.05 | 1642.42 | 1060.31 | 11523.58 | 1133.05 | 40.23 | 23.02 |
| 5. | PROTEAN | 545.45 | 26.82 | 2215.68 | 1.83 | 5.86 | -75.43 | 250.96 | 19.03 | 12.55 | 4.95 |
| 6. | HGS | 406.50 | 58.75 | 1891.05 | 0.00 | -662.60 | -6037.28 | 10503.60 | 894.44 | 3.21 | -3.28 |
| 7. | ONEPOINT | 56.07 | 32.67 | 1474.29 | 0.00 | 16.31 | 72.83 | 158.32 | 129.42 | 17.04 | 22.61 |
| 8. | ALLDIGI | 811.35 | 14.47 | 1236.36 | 7.40 | 18.12 | 21.69 | 150.28 | 4.43 | 41.28 | 27.52 |
| 9. | MATRIMONY | 551.15 | 25.41 | 1139.41 | 0.91 | 19.08 | 127.14 | 130.51 | 13.16 | 21.40 | 20.06 |
| 10. | VAKRANGEE | 5.78 | 58.54 | 626.08 | 0.00 | 2.26 | -32.03 | 55.92 | -18.76 | 6.07 | 11.87 |
| 11. | SIGMA | 46.34 | 15.23 | 476.26 | 0.00 | 12.57 | 142.57 | 23.03 | 11.48 | 59.21 | 33.59 |
| 12. | SECMARK | 128.00 | 40.77 | 133.72 | 0.00 | -0.19 | 79.20 | 10.35 | 55.56 | 22.41 | 9.82 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 684 | 722 | 753 | 767 | 782 | 832 | 854 | 898 | 935 | 1,005 | 1,070 | 1,107 | 11,524 | |
| 517 | 517 | 546 | 571 | 616 | 616 | 646 | 680 | 714 | 734 | 794 | 824 | 9,516 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 8 | 14 | 21 | 23 | 21 | 13 | 21 | 32 | 14 | 27 | 30 | 30 | 179 |
| Interest | 6 | 6 | 6 | 6 | 8 | 8 | 8 | 11 | 10 | 11 | 10 | 12 | 149 |
| Depreciation | 28 | 30 | 34 | 34 | 32 | 33 | 36 | 41 | 37 | 42 | 46 | 50 | 496 |
| 141 | 182 | 187 | 179 | 148 | 188 | 184 | 199 | 188 | 245 | 250 | 252 | 2,186 | |
| Tax % | 24.16% | 25.39% | 25.55% | 27.62% | 24.24% | 25.74% | 25.43% | 23.27% | 24.73% | 25.12% | 23.31% | 24.73% | 24.87% |
| Net Profit | 0 | 0 | 0 | 0 | 112 | 139 | 137 | 153 | 142 | 183 | 192 | 190 | 1,642 |
| 22 | 28 | 29 | 27 | 23 | 30 | 29 | 16 | 30 | 39 | 41 | 20 | 18 | |
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 47 | 47 | 47 | 47 | 47 | 47 | 92 | 919 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 47 | 47 | 47 | 47 | 47 | 47 | 92 | 919 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 684
- 517
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 6
- Depreciation
- 28
- 141
- Tax %
- 24.16%
- Net Profit
- 0
- 22
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 722
- 517
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 6
- Depreciation
- 30
- 182
- Tax %
- 25.39%
- Net Profit
- 0
- 28
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 753
- 546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 6
- Depreciation
- 34
- 187
- Tax %
- 25.55%
- Net Profit
- 0
- 29
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 767
- 571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 6
- Depreciation
- 34
- 179
- Tax %
- 27.62%
- Net Profit
- 0
- 27
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 782
- 616
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 8
- Depreciation
- 32
- 148
- Tax %
- 24.24%
- Net Profit
- 112
- 23
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 48
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 832
- 616
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 8
- Depreciation
- 33
- 188
- Tax %
- 25.74%
- Net Profit
- 139
- 30
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 854
- 646
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 8
- Depreciation
- 36
- 184
- Tax %
- 25.43%
- Net Profit
- 137
- 29
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 898
- 680
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 11
- Depreciation
- 41
- 199
- Tax %
- 23.27%
- Net Profit
- 153
- 16
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 935
- 714
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 10
- Depreciation
- 37
- 188
- Tax %
- 24.73%
- Net Profit
- 142
- 30
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,005
- 734
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 11
- Depreciation
- 42
- 245
- Tax %
- 25.12%
- Net Profit
- 183
- 39
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,070
- 794
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 10
- Depreciation
- 46
- 250
- Tax %
- 23.31%
- Net Profit
- 192
- 41
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,107
- 824
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 12
- Depreciation
- 50
- 252
- Tax %
- 24.73%
- Net Profit
- 190
- 20
- Equity Capital
- 92
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 92
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 11,524
- 9,516
- Operating Profit
- —
- OPM %
- —
- Other Income
- 179
- Interest
- 149
- Depreciation
- 496
- 2,186
- Tax %
- 24.87%
- Net Profit
- 1,642
- 18
- Equity Capital
- 919
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 919
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,330 | 1,365 | 1,431 | 1,438 | 1,564 | 2,160 | 2,648 | 2,926 | 3,366 | 4,117 | 14,706 | |
| 869 | 998 | 1,122 | 1,113 | 1,115 | 1,499 | 1,925 | 2,150 | 2,557 | 3,064 | 11,868 | |
| Operating Profit | 489 | 408 | 357 | 372 | 484 | 686 | 789 | 841 | 896 | 1,155 | — |
| OPM % | 37 | 30 | 25 | 26 | 31 | 32 | 30 | 29 | 27 | 28 | — |
| Other Income | 28 | 40 | 49 | 47 | 34 | 25 | 66 | 66 | 87 | 101 | 266 |
| Interest | 2 | 1 | 1 | 20 | 21 | 23 | 22 | 24 | 36 | 44 | 181 |
| Depreciation | 52 | 48 | 45 | 71 | 82 | 103 | 114 | 126 | 141 | 175 | 635 |
| 436 | 380 | 311 | 281 | 381 | 560 | 653 | 689 | 719 | 935 | 2,933 | |
| Tax % | 19 | 24 | 27 | 26 | 26 | 25 | 25 | 26 | 25 | 24 | 25 |
| Net Profit | 354 | 290 | 228 | 209 | 283 | 418 | 489 | 512 | 541 | 706 | 2,207 |
| EPS | 86 | 73 | 60 | 57 | 81 | 81 | 97 | 106 | 115 | 77 | — |
| Dividend Payout % | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | — |
| Minority Interest | 0 | 0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 30 | 25 | 20 | 19 | 28 | 42 | 51 | 53 | 58 | 77 | — |
| Minority Interest | 0 | 0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 30 | 25 | 20 | 19 | 28 | 42 | 51 | 53 | 58 | 77 | — |
Mar 2017
- 1,330
- 869
- Operating Profit
- 489
- OPM %
- 37
- Other Income
- 28
- Interest
- 2
- Depreciation
- 52
- 436
- Tax %
- 19
- Net Profit
- 354
- EPS
- 86
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
Mar 2018
- 1,365
- 998
- Operating Profit
- 408
- OPM %
- 30
- Other Income
- 40
- Interest
- 1
- Depreciation
- 48
- 380
- Tax %
- 24
- Net Profit
- 290
- EPS
- 73
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2019
- 1,431
- 1,122
- Operating Profit
- 357
- OPM %
- 25
- Other Income
- 49
- Interest
- 1
- Depreciation
- 45
- 311
- Tax %
- 27
- Net Profit
- 228
- EPS
- 60
- Dividend Payout %
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2020
- 1,438
- 1,113
- Operating Profit
- 372
- OPM %
- 26
- Other Income
- 47
- Interest
- 20
- Depreciation
- 71
- 281
- Tax %
- 26
- Net Profit
- 209
- EPS
- 57
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2021
- 1,564
- 1,115
- Operating Profit
- 484
- OPM %
- 31
- Other Income
- 34
- Interest
- 21
- Depreciation
- 82
- 381
- Tax %
- 26
- Net Profit
- 283
- EPS
- 81
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 28
Mar 2022
- 2,160
- 1,499
- Operating Profit
- 686
- OPM %
- 32
- Other Income
- 25
- Interest
- 23
- Depreciation
- 103
- 560
- Tax %
- 25
- Net Profit
- 418
- EPS
- 81
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 42
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 42
Mar 2023
- 2,648
- 1,925
- Operating Profit
- 789
- OPM %
- 30
- Other Income
- 66
- Interest
- 22
- Depreciation
- 114
- 653
- Tax %
- 25
- Net Profit
- 489
- EPS
- 97
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 51
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 51
Mar 2024
- 2,926
- 2,150
- Operating Profit
- 841
- OPM %
- 29
- Other Income
- 66
- Interest
- 24
- Depreciation
- 126
- 689
- Tax %
- 26
- Net Profit
- 512
- EPS
- 106
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 53
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 53
Mar 2025
- 3,366
- 2,557
- Operating Profit
- 896
- OPM %
- 27
- Other Income
- 87
- Interest
- 36
- Depreciation
- 141
- 719
- Tax %
- 25
- Net Profit
- 541
- EPS
- 115
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 58
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 58
Mar 2026
- 4,117
- 3,064
- Operating Profit
- 1,155
- OPM %
- 28
- Other Income
- 101
- Interest
- 44
- Depreciation
- 175
- 935
- Tax %
- 24
- Net Profit
- 706
- EPS
- 77
- Dividend Payout %
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 77
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 77
TTM
- 14,706
- 11,868
- Operating Profit
- —
- OPM %
- —
- Other Income
- 266
- Interest
- 181
- Depreciation
- 635
- 2,933
- Tax %
- 25
- Net Profit
- 2,207
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 21%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- 20%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 19%
- 3 Years:
- 30%
- 1 Year:
- -10%
RETURN ON EQUITY
- 10 Years:
- 25%
- 5 Years:
- 28%
- 3 Years:
- 27%
- Last Year:
- 30%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 40 | 38 | 38 | 36 | 34 | 33 | 48 | 48 | 47 | 92 |
| 1,161 | 1,148 | 1,322 | 1,252 | 1,452 | 1,524 | 1,652 | 2,169 | 2,194 | 2,377 | |
| 0 | 6 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 13 | 20 | 12 | 14 | 23 | 17 | 18 | 76 | 79 | 100 |
| 185 | 207 | 204 | 395 | 465 | 458 | 516 | 565 | 753 | 1,011 | |
| Total Liabilities | 1,398 | 1,419 | 1,577 | 1,698 | 1,974 | 2,032 | 2,234 | 2,857 | 3,073 | 3,580 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 325 | 343 | 348 | 480 | 728 | 713 | 773 | 850 | 974 | 1,054 | |
| Capital Work in Progress | 2 | 0 | 0 | 1 | 0 | 2 | 21 | 1 | 0 | 5 |
| 252 | 165 | 286 | 437 | 229 | 196 | 275 | 406 | 309 | 308 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 703 | 790 | 1,014 | |
| Cash & Bank | 356 | 440 | 452 | 334 | 491 | 494 | 428 | 692 | 739 | 738 |
| 464 | 469 | 491 | 445 | 526 | 627 | 737 | 204 | 261 | 461 | |
| Total Assets | 1,398 | 1,419 | 1,577 | 1,698 | 1,974 | 2,032 | 2,234 | 2,857 | 3,073 | 3,580 |
| Total Debt | 1 | 6 | 2 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Net Working Capital | 876 | 875 | 1,012 | 944 | 918 | 968 | 1,021 | 1,571 | 1,568 | 1,700 |
| Contingent Liabilities | 9 | 24 | 25 | 25 | 33 | 72 | 63 | 42 | 29 | 32 |
| Book Value per Share | 302.27 | 310.89 | 359.92 | 356.70 | 437.06 | 470.39 | 353.85 | 459.60 | 477.21 | 268.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1 | 6 | 2 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Net Working Capital | 876 | 875 | 1,012 | 944 | 918 | 968 | 1,021 | 1,571 | 1,568 | 1,700 |
| Contingent Liabilities | 9 | 24 | 25 | 25 | 33 | 72 | 63 | 42 | 29 | 32 |
| Book Value per Share | 302.27 | 310.89 | 359.92 | 356.70 | 437.06 | 470.39 | 353.85 | 459.60 | 477.21 | 268.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 40
- 1,161
- 0
- Trade Payables
- 13
- 185
- Total Liabilities
- 1,398
- 325
- Capital Work in Progress
- 2
- 252
- 0
- 0
- Cash & Bank
- 356
- 464
- Total Assets
- 1,398
- Total Debt
- 1
- Net Working Capital
- 876
- Contingent Liabilities
- 9
- Book Value per Share
- 302.27
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 876
- Contingent Liabilities
- 9
- Book Value per Share
- 302.27
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 38
- 1,148
- 6
- Trade Payables
- 20
- 207
- Total Liabilities
- 1,419
- 343
- Capital Work in Progress
- 0
- 165
- 0
- 0
- Cash & Bank
- 440
- 469
- Total Assets
- 1,419
- Total Debt
- 6
- Net Working Capital
- 875
- Contingent Liabilities
- 24
- Book Value per Share
- 310.89
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 875
- Contingent Liabilities
- 24
- Book Value per Share
- 310.89
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 38
- 1,322
- 1
- Trade Payables
- 12
- 204
- Total Liabilities
- 1,577
- 348
- Capital Work in Progress
- 0
- 286
- 0
- 0
- Cash & Bank
- 452
- 491
- Total Assets
- 1,577
- Total Debt
- 2
- Net Working Capital
- 1,012
- Contingent Liabilities
- 25
- Book Value per Share
- 359.92
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 1,012
- Contingent Liabilities
- 25
- Book Value per Share
- 359.92
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 36
- 1,252
- 1
- Trade Payables
- 14
- 395
- Total Liabilities
- 1,698
- 480
- Capital Work in Progress
- 1
- 437
- 0
- 0
- Cash & Bank
- 334
- 445
- Total Assets
- 1,698
- Total Debt
- 1
- Net Working Capital
- 944
- Contingent Liabilities
- 25
- Book Value per Share
- 356.70
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 944
- Contingent Liabilities
- 25
- Book Value per Share
- 356.70
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 34
- 1,452
- 0
- Trade Payables
- 23
- 465
- Total Liabilities
- 1,974
- 728
- Capital Work in Progress
- 0
- 229
- 0
- 0
- Cash & Bank
- 491
- 526
- Total Assets
- 1,974
- Total Debt
- 0
- Net Working Capital
- 918
- Contingent Liabilities
- 33
- Book Value per Share
- 437.06
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 918
- Contingent Liabilities
- 33
- Book Value per Share
- 437.06
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 33
- 1,524
- 0
- Trade Payables
- 17
- 458
- Total Liabilities
- 2,032
- 713
- Capital Work in Progress
- 2
- 196
- 1
- 0
- Cash & Bank
- 494
- 627
- Total Assets
- 2,032
- Total Debt
- 0
- Net Working Capital
- 968
- Contingent Liabilities
- 72
- Book Value per Share
- 470.39
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 968
- Contingent Liabilities
- 72
- Book Value per Share
- 470.39
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 48
- 1,652
- 0
- Trade Payables
- 18
- 516
- Total Liabilities
- 2,234
- 773
- Capital Work in Progress
- 21
- 275
- 0
- 0
- Cash & Bank
- 428
- 737
- Total Assets
- 2,234
- Total Debt
- 1
- Net Working Capital
- 1,021
- Contingent Liabilities
- 63
- Book Value per Share
- 353.85
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 1,021
- Contingent Liabilities
- 63
- Book Value per Share
- 353.85
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 48
- 2,169
- 0
- Trade Payables
- 76
- 565
- Total Liabilities
- 2,857
- 850
- Capital Work in Progress
- 1
- 406
- 1
- 703
- Cash & Bank
- 692
- 204
- Total Assets
- 2,857
- Total Debt
- 0
- Net Working Capital
- 1,571
- Contingent Liabilities
- 42
- Book Value per Share
- 459.60
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,571
- Contingent Liabilities
- 42
- Book Value per Share
- 459.60
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 47
- 2,194
- 0
- Trade Payables
- 79
- 753
- Total Liabilities
- 3,073
- 974
- Capital Work in Progress
- 0
- 309
- 0
- 790
- Cash & Bank
- 739
- 261
- Total Assets
- 3,073
- Total Debt
- 0
- Net Working Capital
- 1,568
- Contingent Liabilities
- 29
- Book Value per Share
- 477.21
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,568
- Contingent Liabilities
- 29
- Book Value per Share
- 477.21
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 92
- 2,377
- 0
- Trade Payables
- 100
- 1,011
- Total Liabilities
- 3,580
- 1,054
- Capital Work in Progress
- 5
- 308
- 1
- 1,014
- Cash & Bank
- 738
- 461
- Total Assets
- 3,580
- Total Debt
- 0
- Net Working Capital
- 1,700
- Contingent Liabilities
- 32
- Book Value per Share
- 268.29
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,700
- Contingent Liabilities
- 32
- Book Value per Share
- 268.29
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 312 | 305 | 206 | 333 | 365 | 444 | 493 | 526 | 655 | 873 | |
| Cash from Investing | -170 | 17 | -231 | 18 | -5 | 38 | -84 | -488 | 131 | -141 |
| Cash from Financing | -245 | -304 | -54 | -308 | -188 | -416 | -440 | -107 | -610 | -622 |
| -102 | 18 | -79 | 43 | 172 | 66 | -32 | -68 | 176 | 111 | |
| Free Cash Flow | 304 | 242 | 162 | 151 | 44 | 360 | 301 | 340 | 629 | 648 |
| OCF / Net Profit | 0.88 | 1.05 | 0.90 | 1.59 | 1.29 | 1.06 | 1.01 | 1.03 | 1.21 | 1.24 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 902 | 958 | 1,017 | 1,196 | 1,673 | 2,278 |
| OCF / Net Profit | 0.88 | 1.05 | 0.90 | 1.59 | 1.29 | 1.06 | 1.01 | 1.03 | 1.21 | 1.24 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 902 | 958 | 1,017 | 1,196 | 1,673 | 2,278 |
Mar 2017
- 312
- Cash from Investing
- -170
- Cash from Financing
- -245
- -102
- Free Cash Flow
- 304
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
Mar 2018
- 305
- Cash from Investing
- 17
- Cash from Financing
- -304
- 18
- Free Cash Flow
- 242
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
Mar 2019
- 206
- Cash from Investing
- -231
- Cash from Financing
- -54
- -79
- Free Cash Flow
- 162
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
Mar 2020
- 333
- Cash from Investing
- 18
- Cash from Financing
- -308
- 43
- Free Cash Flow
- 151
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 0
Mar 2021
- 365
- Cash from Investing
- -5
- Cash from Financing
- -188
- 172
- Free Cash Flow
- 44
- OCF / Net Profit
- 1.29
- Cumulative 5-Year FCF
- 902
- OCF / Net Profit
- 1.29
- Cumulative 5-Year FCF
- 902
Mar 2022
- 444
- Cash from Investing
- 38
- Cash from Financing
- -416
- 66
- Free Cash Flow
- 360
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 958
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 958
Mar 2023
- 493
- Cash from Investing
- -84
- Cash from Financing
- -440
- -32
- Free Cash Flow
- 301
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 1,017
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 1,017
Mar 2024
- 526
- Cash from Investing
- -488
- Cash from Financing
- -107
- -68
- Free Cash Flow
- 340
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 1,196
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 1,196
Mar 2025
- 655
- Cash from Investing
- 131
- Cash from Financing
- -610
- 176
- Free Cash Flow
- 629
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 1,673
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 1,673
Mar 2026
- 873
- Cash from Investing
- -141
- Cash from Financing
- -622
- 111
- Free Cash Flow
- 648
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 2,278
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 2,278
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 89.15 | 76.03 | 60.40 | 57.89 | 83.09 | 126.11 | 101.77 | 106.04 | 115.22 | 76.74 |
| Book Value (₹) | 302.27 | 310.89 | 359.92 | 356.70 | 437.06 | 470.39 | 353.85 | 459.60 | 477.21 | 268.29 |
| Dividend per Share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 34.06 | 29.56 | 24.08 | 25.84 | 35.72 | 52.47 | 62.79 | 66.09 | 72.66 | 95.82 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 36.78% | 29.87% | 24.99% | 25.85% | 30.91% | 31.77% | 29.80% | 26.52% | 24.04% | 25.58% |
| Net Margin % | 26.61% | 21.24% | 15.96% | 14.54% | 18.08% | 19.34% | 18.47% | 17.49% | 16.08% | 17.16% |
| ROE % | 31.11% | 24.30% | 17.93% | 15.78% | 20.39% | 27.46% | 30.04% | 26.13% | 24.28% | 30.00% |
| ROCE % | 37.83% | 31.37% | 24.11% | 22.35% | 28.63% | 38.01% | 41.12% | 36.02% | 33.15% | 40.23% |
| 26.35% | 20.58% | 15.24% | 12.76% | 15.41% | 20.86% | 22.94% | 20.11% | 18.26% | 21.24% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 55 | 60 | 61 | 61 | 62 | 53 | 53 | 71 | 81 | 80 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 3254 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 55 | 60 | -3193 | 61 | 62 | 53 | 53 | 71 | 81 | 80 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 278.95x | 324.82x | 245.49x | 14.92x | 18.77x | 25.62x | 30.43x | 29.19x | 20.90x | 22.24x |
| 7.43x | 6.37x | 7.84x | 5.10x | 4.21x | 4.21x | 3.92x | 5.32x | 4.56x | 3.40x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.20% | 2.63% | 4.80% | 0.49% | 8.83% | 38.09% | 22.57% | 10.49% | 15.05% | 22.32% |
| Operating Profit Growth % | -5.54% | -16.66% | -12.32% | 3.95% | 30.16% | 41.94% | 14.97% | 6.61% | 6.47% | 28.87% |
| Net Profit Growth % | 3.57% | -18.08% | -21.26% | -8.47% | 35.34% | 47.71% | 17.10% | 4.61% | 5.77% | 30.52% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.20% | 8.66% | -33.40% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.21x | 12.06x | 18.09x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.12x | 5.82x | 5.17x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.07% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.68x | 13.74x | 10.42x |
Mar 2017
- EPS (₹)
- 89.15
- Book Value (₹)
- 302.27
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 34.06
- Operating Margin %
- 36.78%
- Net Margin %
- 26.61%
- ROE %
- 31.11%
- ROCE %
- 37.83%
- 26.35%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 278.95x
- 7.43x
- Revenue Growth %
- 1.20%
- Operating Profit Growth %
- -5.54%
- Net Profit Growth %
- 3.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 76.03
- Book Value (₹)
- 310.89
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 29.56
- Operating Margin %
- 29.87%
- Net Margin %
- 21.24%
- ROE %
- 24.30%
- ROCE %
- 31.37%
- 20.58%
- Debtor Days
- 60
- Inventory Days
- 0
- Payable Days
- 0
- 60
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 324.82x
- 6.37x
- Revenue Growth %
- 2.63%
- Operating Profit Growth %
- -16.66%
- Net Profit Growth %
- -18.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 60.40
- Book Value (₹)
- 359.92
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 24.08
- Operating Margin %
- 24.99%
- Net Margin %
- 15.96%
- ROE %
- 17.93%
- ROCE %
- 24.11%
- 15.24%
- Debtor Days
- 61
- Inventory Days
- 0
- Payable Days
- 3254
- -3193
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 245.49x
- 7.84x
- Revenue Growth %
- 4.80%
- Operating Profit Growth %
- -12.32%
- Net Profit Growth %
- -21.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 57.89
- Book Value (₹)
- 356.70
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 25.84
- Operating Margin %
- 25.85%
- Net Margin %
- 14.54%
- ROE %
- 15.78%
- ROCE %
- 22.35%
- 12.76%
- Debtor Days
- 61
- Inventory Days
- 0
- Payable Days
- 0
- 61
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 14.92x
- 5.10x
- Revenue Growth %
- 0.49%
- Operating Profit Growth %
- 3.95%
- Net Profit Growth %
- -8.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 83.09
- Book Value (₹)
- 437.06
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 35.72
- Operating Margin %
- 30.91%
- Net Margin %
- 18.08%
- ROE %
- 20.39%
- ROCE %
- 28.63%
- 15.41%
- Debtor Days
- 62
- Inventory Days
- 0
- Payable Days
- 0
- 62
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 18.77x
- 4.21x
- Revenue Growth %
- 8.83%
- Operating Profit Growth %
- 30.16%
- Net Profit Growth %
- 35.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 126.11
- Book Value (₹)
- 470.39
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 52.47
- Operating Margin %
- 31.77%
- Net Margin %
- 19.34%
- ROE %
- 27.46%
- ROCE %
- 38.01%
- 20.86%
- Debtor Days
- 53
- Inventory Days
- 0
- Payable Days
- 0
- 53
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 25.62x
- 4.21x
- Revenue Growth %
- 38.09%
- Operating Profit Growth %
- 41.94%
- Net Profit Growth %
- 47.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 101.77
- Book Value (₹)
- 353.85
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 62.79
- Operating Margin %
- 29.80%
- Net Margin %
- 18.47%
- ROE %
- 30.04%
- ROCE %
- 41.12%
- 22.94%
- Debtor Days
- 53
- Inventory Days
- 0
- Payable Days
- 0
- 53
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 30.43x
- 3.92x
- Revenue Growth %
- 22.57%
- Operating Profit Growth %
- 14.97%
- Net Profit Growth %
- 17.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 106.04
- Book Value (₹)
- 459.60
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 66.09
- Operating Margin %
- 26.52%
- Net Margin %
- 17.49%
- ROE %
- 26.13%
- ROCE %
- 36.02%
- 20.11%
- Debtor Days
- 71
- Inventory Days
- 0
- Payable Days
- 0
- 71
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 29.19x
- 5.32x
- Revenue Growth %
- 10.49%
- Operating Profit Growth %
- 6.61%
- Net Profit Growth %
- 4.61%
- 4.20%
- P/E (x)
- 22.21x
- P/B (x)
- 5.12x
- Dividend Yield %
- 0.04%
- 12.68x
Mar 2025
- EPS (₹)
- 115.22
- Book Value (₹)
- 477.21
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 72.66
- Operating Margin %
- 24.04%
- Net Margin %
- 16.08%
- ROE %
- 24.28%
- ROCE %
- 33.15%
- 18.26%
- Debtor Days
- 81
- Inventory Days
- 0
- Payable Days
- 0
- 81
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 20.90x
- 4.56x
- Revenue Growth %
- 15.05%
- Operating Profit Growth %
- 6.47%
- Net Profit Growth %
- 5.77%
- 8.66%
- P/E (x)
- 12.06x
- P/B (x)
- 5.82x
- Dividend Yield %
- 0.04%
- 13.74x
Mar 2026
- EPS (₹)
- 76.74
- Book Value (₹)
- 268.29
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 95.82
- Operating Margin %
- 25.58%
- Net Margin %
- 17.16%
- ROE %
- 30.00%
- ROCE %
- 40.23%
- 21.24%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 0
- 80
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 22.24x
- 3.40x
- Revenue Growth %
- 22.32%
- Operating Profit Growth %
- 28.87%
- Net Profit Growth %
- 30.52%
- -33.40%
- P/E (x)
- 18.09x
- P/B (x)
- 5.17x
- Dividend Yield %
- 0.07%
- 10.42x
Documents
Announcements
- General Updates
2026-08-19 - eClerx Services Limited has informed the Exchange about General Updates
- Copy of Newspaper Publication
2026-08-18 - eClerx Services Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026

