Companies›Services›Services›Commercial Services & Supplies
NSE:ECLERX

ECLERX SERVICES LTD

Services › Commercial Services & Supplies·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹1,866.50
at close · 28 Oct 2026
▼ 28.80 (-1.52%)

Latest filings

  1. eClerx to acquire 2% of Personiv Eclipse for USD 1.64 million · Strategic Transactions
  2. eClerx grants 5,220 ESOP options at Rs 1,896.70 each · Corporate Actions
  3. Q2 FY27 revenue up 17.1%; half-year revenue rises 20.3% · Results
All filings ↓
Ask Nexa about ECLERX SERVICES LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Delivers knowledge process and business process outsourcing services — analytics, automation, customer experience, and digital — to large enterprise clients, primarily in banking and financial services, communications, media and technology (CMT), retail, and media and distribution (M&D). FY26 operating revenue was USD 469M (₹4,117 crore) up 17.9% year-on-year, with EBITDA of ₹1,153 crore. Analytics and Automation has emerged as a distinct sub-vertical at USD 90M of annual contract value, growing faster than the company average; a first large-scale Agentic AI engagement was closed in Q4 FY26 with deployment starting Q1 FY27. Client mix is concentrated: top-10 clients made up 59% of revenue, down from 63-64% earlier. Delivery is offshore-led — employee costs are 61.3% of revenue, depreciation 4.3%, and other operating expenses 13.1%, with the company building new centres in Manila, Cairo, and Fayetteville. Cash generation is strong: OCF/EBITDA was 90% in Q4 and 75% for FY26, with free cash flow of ₹7,560M (+41% YoY). Trailing ACV growth on new deal wins ran at roughly 24% YoY.

Operating scale
FY26 operating revenue
USD 469M (+17.9% YoY)FY26
Analytics & Automation book
USD 90MFY26
Top-10 client concentration
59% (down from 63-64%)FY26
Q4 FY26 new deal wins
USD 46MQ4 FY26
Trailing ACV growth
~24% YoYFY26
Employees trained on Agentic AI / vibe coding
3,000+FY26
Who pays it
Large enterprise clients concentrated in banking, financial services, communications/media/technology, retail and media & distribution; top-10 clients account for 59% of revenue.
Biggest cost
Employee costs at 61.3% of revenue — a people-intensive offshore services delivery model.
Kind of business
People-intensive offshore BPO/KPO services business with analytics, automation and emerging Agentic AI offerings; high cash conversion.
Where it sits
Mid-sized BPO/KPO player with FY26 operating revenue of USD 469M, concentrated client base across BFSI, CMT, retail and M&D verticals, and an Analytics & Automation book of USD 90M.
Market Cap
₹17,162 Cr
P / E (TTM)
15.8×
EV / EBITDA
13.7×
Div Yield
0.03%
Growth
21.4%▲
Revenue 5y CAGR
PAT +20.1% · EBITDA +19.0%
Quality
32.7%▲
ROCE (5y median)
ROE 26.6% (5y median) · margin 28.0%
Leverage
0.00·
Debt / Equity · low
Net cash ₹697 Cr
Revenue FY21→FY26
2.6×▲
Margin −0.9 pts
₹1,564 Cr → ₹4,117 Cr
Cash conversion
1.12×▲
Operating cash ÷ profit · 5 yrs
₹2,995 Cr on ₹2,666 Cr
Moves on a normal day
1.95%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 10 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/8
P/B#9/9
ROCE#1/11
ROE#2/9
Debt / Equity#1/9
EBITDA margin#4/9
Revenue growth#4/9
Profit growth#4/9

Scorecard

Measured from the filed financials, judged against its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers · as of FY26 — not investment advice

Strengths
Revenue compounding 21% a year over 5 years
Profit compounding 20% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 32.7% (5-year median)
#1 of 11 in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) on the latest reported figures · up from 23.3% in FY21
No borrowings on the balance sheet
lower than 75% of its 9 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers
Over 5 years it reported ₹2,666 Cr of profit and ₹2,995 Cr of operating cash — 1.12×
Profit is converting into cash
Concerns
Customers are taking longer to pay — 68 → 90 days of receivables
FY21 → FY26
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

ECLERX · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from ECLERX SERVICES LTD's filed financials and exchange disclosures

What does ECLERX SERVICES LTD do?

ECLERX SERVICES LTD is a Commercial Services & Supplies company listed on NSE and BSE, trading under the symbol ECLERX.

Is ECLERX SERVICES LTD profitable?

Yes. Over the trailing twelve months ECLERX SERVICES LTD reported a net profit of ₹729 Cr on revenue of ₹4,335 Cr.

Does ECLERX SERVICES LTD pay a dividend?

Yes. The dividend yield is 0.03% at the current price. It paid out 1% of its profit as dividend in FY26.

Is ECLERX SERVICES LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹697 Cr of cash.

Is ECLERX SERVICES LTD expensive compared with its peers?

On trailing P/E, ECLERX SERVICES LTD ranks 5 of 8 in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) — cheaper than 43% of them, against an industry median of 15.2×. This is a position, not a valuation judgement.

How much does the ECLERX SERVICES LTD share price move in a day?

On a typical session ECLERX SERVICES LTD moves 1.95% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ECLERX SERVICES LTD's announcements?

Every NSE and BSE filing by ECLERX SERVICES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.