Is eClerx Services a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that eClerx Services Ltd is a good quality company .

Is eClerx Services undervalued or overvalued?

The key valuation ratios of eClerx Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is eClerx Services share price return in the past 10 years?

eClerx Services Ltd share price has appreciated 18.1% annually (CAGR) over the past ten years.

Is eClerx Services a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of eClerx Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

eClerx Services Ltd - Stock Valuation and Financial Performance

Name: eClerx Services
Brand: eClerx Services

BSE: 532927 | NSE: ECLERX | BPO/ITeS | Small Cap

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eClerx Services Share Price

₹3,314.95 92.55 2.87%
as on 21-Nov'24 14:13

10 Year X-Ray of eClerx Services:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	45.8%	50.9%	37.8%	31.4%	24.1%	22.4%	28.6%	38%	41.1%	36%	-
Value Creation Index ⓘ	2.3	2.8	1.8	1.3	0.7	0.6	1.1	1.8	2.1	1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	942	1,314	1,330	1,365	1,431	1,438	1,564	2,160	2,648	2,926	3,133
Sales YoY Gr.	-	39.5%	1.2%	2.6%	4.8%	0.5%	8.8%	38.1%	22.6%	10.5%	-
Adj EPS ⓘ	36.5	52.9	60.5	47.4	39.1	37.2	54.5	82.2	95.2	104.2	109.3
YoY Gr.	-	44.7%	14.5%	-21.7%	-17.6%	-4.8%	46.7%	50.6%	15.8%	9.5%	-
BVPS (₹) ⓘ	117.7	175.7	201.5	207.3	240	237.8	291.4	313.6	353.9	459.6	430
Adj Net Profit ⓘ	222	323	361	271	221	201	278	408	457	502	521
Cash Flow from Ops. ⓘ	243	418	312	305	206	333	365	444	493	526	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.4%	15.4%	23.2%	10.5%
Adj EPS ⓘ	12.4%	21.7%	24.1%	9.5%
BVPSⓘ	16.4%	13.9%	16.4%	29.9%
Share Price	18.1%	64%	27.4%	42%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	34	35.8	31.2	22.4	17.1	15	19.8	26.6	27.9	25.4	24.6
Op. Profit Mgn % ⓘ	33.6	36.6	35.4	27	21.7	22.7	29.8	30.7	27.3	26.5	25.1
Net Profit Mgn % ⓘ	23.5	24.6	27.1	19.9	15.5	14	17.8	18.9	17.3	17.2	16.6
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	120	100	115	125	123	119	113	97	94	104	103
Cash Conv. Cycle ⓘ	43	39	48	52	54	56	55	47	49	55	83

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.20%

Net Profit is growing at healthy rate in last 3 years 24.06%

Sales growth is good in last 4 quarters at 12.43%

Return on Equity has declined versus last 3 years average to 24.60%

Latest Financials - eClerx Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	75.3	109.3
TTM Sales (₹ Cr.)	2,272	3,133
BVPS (₹.) ⓘ	252.3	430
Reserves (₹ Cr.) ⓘ	1,155	2,001
P/BV ⓘ	12.77	7.49
PE ⓘ	42.81	29.47

From the Market
52 Week Low / High (₹)	2116.00 / 3473.95
All Time Low / High (₹)	24.10 / 3473.95
Market Cap (₹ Cr.)	15,355
Equity (₹ Cr.)	47.7
Face Value (₹)	10
Industry PE ⓘ	73.9

Management X-Ray of eClerx Services:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of eClerx Services

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of eClerx Services

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	942	1,314	1,330	1,365	1,431	1,438	1,564	2,160	2,648	2,926
Operating Expenses ⓘ	626	833	869	998	1,122	1,113	1,115	1,499	1,925	2,150
Manufacturing Costs	21	31	34	36	39	39	38	46	45	57
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	440	573	594	692	787	854	885	1,196	1,510	1,738
Other Costs ⓘ	165	229	242	269	295	220	192	257	370	354
Operating Profit ⓘ	316	481	461	367	309	325	449	662	723	776
Operating Profit Margin (%)	33.6%	36.6%	34.7%	26.9%	21.6%	22.6%	28.7%	30.6%	27.3%	26.5%
Other Income ⓘ	32	37	28	40	49	47	34	25	66	66
Interest ⓘ	1	1	2	1	1	20	21	23	22	24
Depreciation ⓘ	50	57	52	48	45	71	82	103	114	126
Exceptional Items ⓘ	0	0	0	21	0	0	0	0	0	-2
Profit Before Tax ⓘ	298	460	436	380	311	281	381	560	653	689
Tax ⓘ	68	118	82	90	83	72	98	143	164	178
Profit After Tax	230	342	354	290	228	209	283	418	489	512
PAT Margin (%)	24.4%	26.0%	26.6%	21.2%	16.0%	14.5%	18.1%	19.3%	18.5%	17.5%
Adjusted EPS (₹)	37.8	55.8	59.4	50.7	40.3	38.6	55.4	84.1	101.8	106.0
Dividend Payout Ratio (%)	46%	1%	1%	1%	2%	2%	1%	1%	1%	1%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	714	1,075	1,200	1,186	1,360	1,288	1,486	1,557	1,700	2,217
Share Capital ⓘ	30	41	40	38	38	36	34	33	48	48
Reserves ⓘ	684	1,034	1,161	1,148	1,322	1,252	1,452	1,524	1,652	2,169
Minority Interest	0	1	0	1	1	1	1	1	2	2
Debt	0	4	1	6	2	1	0	0	1	0
Long Term Debt	0	4	1	1	1	0	0	0	1	0
Short Term Debt	0	0	0	6	1	1	0	0	0	0
Trade Payables	2	14	13	20	12	14	23	17	18	19
Others Liabilities ⓘ	236	195	183	206	203	394	464	457	513	632
Total Liabilities ⓘ	952	1,288	1,398	1,419	1,577	1,698	1,974	2,032	2,234	2,870
Fixed Assets
Gross Block	322	416	423	488	533	714	1,035	1,118	1,290	1,489
Accumulated Depreciation	155	51	98	145	185	234	307	405	518	646
Net Fixed Assetsⓘ	167	365	325	343	348	480	728	713	773	843
CWIP ⓘ	1	0	2	0	0	1	0	2	21	1
Investmentsⓘ	155	219	252	165	286	437	229	196	275	406
Inventories	0	0	0	0	0	0	0	1	0	1
Trade Receivables	126	186	214	233	243	238	293	329	440	496
Cash Equivalents	287	328	356	440	452	334	491	494	428	692
Others Assetsⓘ	216	189	250	237	248	208	233	298	297	431
Total Assets ⓘ	952	1,288	1,398	1,419	1,577	1,698	1,974	2,032	2,234	2,870

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	243	418	312	305	206	333	365	444	493	526
PBT ⓘ	298	460	436	380	311	281	381	560	653	689
Adjustment ⓘ	27	54	26	23	18	63	77	118	105	137
Changes in Working Capital ⓘ	-15	16	-47	-3	-30	49	7	-70	-87	-128
Tax Paid ⓘ	-68	-113	-103	-95	-93	-59	-100	-164	-178	-172
Cash Flow From Investing Activity ⓘ	-62	-165	-170	17	-231	18	-5	38	-84	-488
Capex	-61	-52	-30	-41	-52	-34	0	-61	-90	-64
Net Investments	-21	-18	-160	30	-207	24	199	108	-1	-444
Others ⓘ	20	-95	21	29	28	28	-203	-10	6	21
Cash Flow From Financing Activityⓘ	-115	-165	-245	-304	-54	-308	-188	-416	-440	-107
Net Proceeds from Shares ⓘ	8	14	8	9	5	1	0	28	22	15
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	-19	-20	-22	-21	-23
Dividend Paid ⓘ	-106	0	-4	-4	-4	-4	-3	-3	-3	-5
Others ⓘ	-17	-179	-249	-308	-56	-287	-165	-420	-438	-93
Net Cash Flow ⓘ	65	88	-102	18	-79	43	172	66	-32	-68

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	35.27	38.2	31.11	24.3	17.93	15.78	20.39	27.46	30.04	26.13
ROCE (%)	45.8	50.94	37.83	31.37	24.11	22.35	28.63	38.01	41.12	36.02
Asset Turnover Ratio	1.08	1.17	0.99	0.97	0.96	0.88	0.85	1.08	1.24	1.15
PAT to CFO Conversion(x)	1.06	1.22	0.88	1.05	0.9	1.59	1.29	1.06	1.01	1.03
Working Capital Days
Receivable Days	44	43	55	60	61	61	62	53	53	58
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

eClerx Services Ltd Stock News

eClerx Services Ltd FAQs

What is the share price of eClerx Services?

Company share prices are keep on changing according to the market conditions. The closing price of eClerx Services on 21-Nov-2024 14:13 is ₹3,315.

What is the market cap of eClerx Services?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:13 the market cap of eClerx Services stood at ₹15,354.9.

What is the P/E ratio of eClerx Services?

The latest P/E ratio of eClerx Services as of 21-Nov-2024 14:13 is 42.81.

What is the P/B ratio of eClerx Services?

The latest P/B ratio of eClerx Services as of 21-Nov-2024 14:13 is 12.77.

What is the 52-week high and low of eClerx Services?

The 52-week high of eClerx Services is ₹3,474 and the 52-week low is ₹2,116.

What is the TTM revenue of eClerx Services?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of eClerx Services is ₹2,272 ( Cr.) .

About eClerx Services Ltd

eClerx was founded in 2000 by Anjan Malik and PD Mundhra with the goal of transitioning, managing and transforming complex business processes. Following successful careers in investment banking, Anjan and PD, graduates of University of Pennsylvania’s Wharton School of Business, jointly identified significant opportunities for providing innovative services and solutions to large global companies undergoing rapid business transformation challenged by legacy systems, new technology, data inaccuracies, and ever-changing processes and workflows. Created from humble beginnings in a small office in Mumbai, today eClerx employs thousands of people with offices located in the US, UK, India, Italy, Ireland, Thailand, and Singapore.

The company provides critical business operations services to over fifty global Fortune 500 clients, including some of the world’s leading companies across financial services, cable & telecom, retail, fashion, media & entertainment, manufacturing, travel & leisure, software and high-tech.

Business area of the company

The company provides data analytics and customized process solutions to global enterprise clients from its offshore delivery centers in India. The portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. It provides service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. It currently offers services to clients in the financial services, and retail and manufacturing industries.

Divisions

Customer operations: eClerx Customer Operations specialises in providing operational expertise and process excellence throughout the customer journey. It creates solutions and services, utilising a blend of technology and domain knowledge that support its clients’ evolving needs. Its suite of offerings enhances the customer experience by providing quality monitoring/insights, advanced analytics, automation, superior technical operations support, and digital care services. It assists companies in developing, implementing, and operating multichannel customer interaction capabilities - transforming everyday touch-points into a superior customer experience.

Digital: eClerx Digital is the trusted partner of choice to the world’s largest global brands for creative production, eCommerce/web operations, and analytics & insights services. It improves profitability for their digital businesses. Its team of full-time digital delivery employees at its five production hubs in Mumbai, Pune, Chandigarh, Verona, and Phuket apply deep digital expertise to effectively support the most demanding global clients utilising a follow the sun delivery model. eClerx Digital’s innovative delivery model drives the “metrics that matter” for its clients: improved acquisition, conversion and retention, and overall lifetime value of its customer 24x7x365.

Financial markets: For financial organizations across the world, eClerx Markets offers consulting, technological innovation, and process management expertise to uniquely solve operational challenges. With nearly two decades of industry experience complemented by the application of smart automation and robotics, its team of experts delivers holistic solutions across the trade lifecycle, change management, settlements and clearing, asset servicing, data and analytics, as well as the client lifecycle.

Awards and recognitions

2017

Won the Netapp innovation awards, 2017
eVigilPRo was recognised by DataQuest Vertical Warrior award 2017
eClerx won Bronze at ASQ’s (American Society for Quality) Satea (south asia team excellence award)
eClerx emerged runner-up in the Process improvement category of the Qualtech prize 2017, organised by Qimpro

2018

Won the 2018 Brandon Hall group excellence awards in learning and development
eClerx’s ‘eVigilPRo’ received the Prestigious 2018 cso50 award
Won the 2018 Golden peacock awards, 2018 for Quality
eClerx’s Chatbot Solution Won Prestigious nasscom award for it excellence

2019

eClerx was named the Winner of two Stevie Awards in the sixth annual Asia-Pacific Stevie® Awards
eClerx Services Ltd. Received Prestigious 2019 CSO50 Award
eClerx Customer Operations Awarded Two 2019 CRM Excellence Awards
eClerx Recognised With Two Brandon Hall Awards
eClerx Won the Prestigious NASSCOM Customer Excellence Award for RPA Implementation

2020