eClerx Services Limited

BSE: ECLERX532927ISIN INE738I01010

Services
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
BSE 500

Share price

₹1,562.85-16.90 (-1.07%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

13 Mar 2026 · Bonus 1:1

52W high: ₹2,492.97
52W low: ₹1,319.05
Off 52W high: -37.31%
1M return: -17.14%
3M return: -18.50%
6M return: -1.37%
1Y return: -34.03%
20D avg volume: 20,291
50 DMA: ₹1,876.70
200 DMA: ₹1,731.88

Key ratios Consolidated

Market cap: ₹14,699 Cr
Current price: ₹1,562.85
52W high / low: ₹2,492.97 / ₹1,319.05
Face value: ₹10.00
P/E: 20.24
P/B: —
EPS (TTM): ₹77.22
Book value / share: —
ROE: —
ROCE: 32.70%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-696.77 Cr
Interest cover: 23.19
Dividend yield: 0.06%
Dividend / share (TTM): ₹1.00
Payout: 1.29%
Cash conversion cycle: 81.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,189	1,152	1,107	1,070	1,005	934.56	898.29	853.82	831.84	781.92	766.53	752.76
	23.99	17.86	29.76	30.07	27.24	14.11	31.92	20.57	13.12	20.91	23.05	20.79
	1,213	1,170	1,137	1,100	1,032	948.67	930.21	874.40	844.96	802.83	789.57	773.55
	975.77	951.61	885.10	850.29	787.09	760.61	731.44	690.40	657.09	654.93	610.11	584.92
	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	0.00	—	—	—	—	—
	741.14	728.85	677.14	654.03	610.00	583.35	541.88	523.27	502.78	497.85	453.69	440.56
	15.18	14.88	11.74	9.91	10.79	9.69	10.78	8.28	8.12	7.71	5.58	5.86
	55.82	49.61	49.66	46.31	42.50	36.90	40.96	35.78	32.80	31.65	33.53	33.52
	163.64	158.27	146.57	140.04	123.79	130.67	137.82	—	—	—	—	89.37
	236.88	218.61	251.95	250.12	245.00	188.06	198.76	184.00	187.86	147.91	179.46	188.63
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.83
	236.88	218.61	251.95	250.12	245.00	188.06	198.76	184.00	187.86	147.91	179.46	186.79
	56.28	54.37	62.30	58.31	61.54	46.51	46.24	46.80	48.36	35.86	49.57	47.73
	180.60	164.24	189.65	191.81	183.46	141.55	152.52	137.20	139.50	112.05	129.89	139.06
	19.63	17.86	20.47	40.81	39.00	30.16	32.37	29.16	29.66	23.13	27.07	28.76
Key metrics
	307.88	283.10	313.35	306.34	298.29	234.65	250.50	228.06	228.78	187.27	218.57	226.17
	25.90%	24.60%	28.30%	28.60%	29.70%	25.10%	27.90%	26.70%	27.50%	24.00%	28.50%	30.00%
	15.20%	14.30%	17.10%	17.90%	18.30%	15.10%	17.00%	16.10%	16.80%	14.30%	16.90%	18.50%
	7.40%	—	8.80%	—	8.40%	—	7.70%	—	—	—	—	—
	18.30%	23.30%	23.30%	25.40%	20.80%	19.50%	17.20%	13.40%	—	—	—	—
	-1.60%	16.00%	24.30%	39.80%	31.50%	26.30%	17.40%	-1.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,519	4,117	3,366	2,926	2,648	2,160	1,564	1,438	1,431	1,365
	101.68	101.18	86.53	65.64	65.95	24.62	34.45	46.70	48.59	40.23
	4,620	4,218	3,452	2,991	2,714	2,185	1,599	1,484	1,479	1,405
	3,663	3,283	2,734	2,300	2,061	1,624	1,218	1,204	1,168	1,047
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	2,801	2,525	2,066	1,738	1,510	1,196	885.31	854.26	786.89	692.46
	51.71	42.14	34.89	23.48	21.16	21.52	20.28	18.81	0.04	0.04
	201.40	175.37	141.19	125.77	114.01	103.19	81.59	70.89	44.69	48.24
	608.52	541.06	491.99	—	—	221.74	178.04	204.35	264.67	—
	957.56	935.12	718.53	691.17	652.99	560.49	380.62	280.52	311.47	358.26
	0.00	0.00	0.00	-1.83	0.00	0.00	0.00	0.00	0.00	21.26
	957.56	935.12	718.53	689.34	652.99	560.49	380.62	280.52	311.47	379.52
	231.26	228.66	177.27	177.60	163.81	142.73	97.80	71.55	83.17	89.58
	726.30	706.47	541.26	511.73	489.18	417.76	282.82	208.97	228.30	289.94
	98.77	76.23	114.19	106.15	98.76	123.81	81.61	57.26	60.07	—
Key metrics
	1,211	1,153	894.61	838.59	788.16	685.20	482.49	370.22	356.20	427.80
	26.79%	28.00%	26.60%	28.70%	29.80%	31.70%	30.80%	25.80%	24.90%	31.30%
	16.07%	17.20%	16.10%	17.50%	18.50%	19.30%	18.10%	14.50%	16.00%	21.20%
	—	32.70%	27.90%	—	—	—	—	—	—	—
	22.41%	22.30%	15.10%	10.50%	22.60%	38.10%	8.80%	0.50%	4.80%	—
	18.15%	30.50%	5.80%	4.60%	17.10%	47.70%	35.30%	-8.50%	-21.30%	—
	—	754.35	533.15	—	—	—	—	—	—	—
	—	1.24	1.21	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-696.77	-541.70	—	—	—	—	—	—	—
	—	81.1	77.2	—	—	—	—	—	—	—
Balance sheet
	—	3,697	3,146	—	—	—	—	—	—	—
	—	2,406	2,008	—	—	—	—	—	—	—
	—	696.77	541.70	—	—	—	—	—	—	—
	—	1,014	789.88	—	—	—	—	—	—	—
	—	0.62	0.23	—	—	—	—	—	—	—
	—	140.32	129.60	—	—	—	—	—	—	—
	—	202.86	169.56	—	—	—	—	—	—	—
	—	100.01	78.57	—	—	—	—	—	—	—
	—	706.78	440.72	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	2,564	2,308	—	—	—	—	—	—	—
Cash flow
	—	873.47	654.62	—	—	—	—	—	—	—
	—	-140.82	130.50	—	—	—	—	—	—	—
	—	-621.57	-609.60	—	—	—	—	—	—	—
	—	119.12	121.47	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	811.84	782.11	765.98	736.10	691.29	665.08	641.78	608.63	612.44	568.67	560.60	530.22
	15.79	10.03	27.60	26.09	26.13	10.05	27.35	13.10	9.57	13.81	14.91	14.43
	827.63	792.14	793.58	762.19	717.42	675.13	669.13	621.73	622.01	582.49	575.51	544.65
	649.09	614.79	622.03	593.82	570.24	550.25	529.25	509.97	490.71	488.99	447.58	415.97
	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	0.00	—	—	—	—	—
	366.89	360.57	330.79	321.54	309.43	299.52	280.96	271.95	265.11	262.93	240.76	219.00
	10.47	10.99	8.34	6.73	8.23	7.67	9.16	7.35	7.28	6.75	4.56	4.68
	28.71	25.36	26.39	25.28	23.68	20.26	24.16	21.31	18.61	17.61	18.26	16.63
	243.02	217.86	256.51	240.27	228.89	222.79	214.97	—	—	—	—	49.94
	178.54	177.36	171.56	168.38	147.18	124.89	139.88	111.76	131.30	93.50	127.93	128.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	178.54	177.36	171.56	168.38	147.18	124.89	139.88	111.76	131.30	93.50	127.93	128.68
	43.37	44.57	42.55	42.41	37.07	31.97	31.60	28.54	33.67	23.13	33.03	32.90
	135.18	132.78	129.01	125.97	110.11	92.92	108.28	83.22	97.63	70.37	94.90	95.78
	14.71	14.43	13.94	26.78	23.44	19.78	23.04	17.71	20.65	14.58	19.68	19.87
Key metrics
	217.72	213.71	206.29	200.39	179.09	152.82	173.20	140.42	157.19	117.86	150.75	149.99
	26.80%	27.30%	26.90%	27.20%	25.90%	23.00%	27.00%	23.10%	25.70%	20.70%	26.90%	28.30%
	16.70%	17.00%	16.80%	17.10%	15.90%	14.00%	16.90%	13.70%	15.90%	12.40%	16.90%	18.10%
	10.50%	—	11.90%	—	8.90%	—	9.00%	—	—	—	—	—
	17.40%	17.60%	19.40%	20.90%	12.90%	17.00%	14.50%	14.80%	—	—	—	—
	22.80%	42.90%	19.10%	51.40%	12.80%	32.00%	14.10%	-13.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,096	2,858	2,432	2,095	1,888	1,551	1,197	1,120	1,140	1,144
	79.51	89.87	63.83	45.11	56.72	20.55	39.38	54.00	55.83	43.83
	3,176	2,948	2,495	2,140	1,945	1,572	1,237	1,174	1,196	1,188
	2,480	2,336	2,019	1,660	1,441	1,095	912.32	942.01	911.28	847.67
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	1,380	1,261	1,081	885.15	797.69	604.87	479.62	484.49	461.41	437.12
	36.53	30.98	30.53	18.71	16.24	16.42	18.36	17.66	—	—
	105.74	95.62	81.70	63.91	58.73	51.67	50.00	44.59	26.16	29.60
	957.66	948.46	825.73	—	—	111.94	—	129.78	173.31	—
	695.84	612.00	476.44	479.86	504.00	476.82	324.47	232.16	284.36	340.18
	0.00	0.00	0.00	—	—	—	—	-48.84	—	21.26
	695.84	612.00	476.44	479.86	504.00	476.82	324.47	183.32	284.36	361.44
	172.90	153.99	116.94	122.82	125.60	121.92	85.56	59.75	74.75	83.32
	522.94	458.01	359.50	357.04	378.40	354.90	238.90	123.57	209.61	278.12
	69.86	49.44	75.87	74.11	76.45	105.27	67.29	33.05	54.19	—
Key metrics
	838.11	738.60	588.67	562.48	578.97	544.91	392.83	245.57	310.52	391.04
	27.07%	25.80%	24.20%	26.90%	30.70%	35.10%	32.80%	21.90%	27.20%	34.20%
	16.89%	16.00%	14.80%	17.00%	20.00%	22.90%	20.00%	11.00%	18.40%	24.30%
	—	42.60%	30.70%	—	—	—	—	—	—	—
	18.77%	17.60%	16.10%	10.90%	21.70%	29.60%	6.90%	-1.70%	-0.40%	—
	32.55%	27.40%	0.70%	-5.60%	6.60%	48.60%	93.30%	-41.00%	-24.60%	—
	—	410.81	346.09	—	—	—	—	—	—	—
	—	1.03	1.21	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-55.07	-131.63	—	—	—	—	—	—	—
	—	66.4	60.7	—	—	—	—	—	—	—
Balance sheet
	—	2,094	2,043	—	—	—	—	—	—	—
	—	1,123	1,103	—	—	—	—	—	—	—
	—	55.07	131.63	—	—	—	—	—	—	—
	—	760.06	586.65	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	104.31	99.10	—	—	—	—	—	—	—
	—	123.60	115.50	—	—	—	—	—	—	—
	—	240.59	182.80	—	—	—	—	—	—	—
	—	585.60	390.71	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	1,212	1,358	—	—	—	—	—	—	—
Cash flow
	—	470.79	434.01	—	—	—	—	—	—	—
	—	42.59	213.37	—	—	—	—	—	—	—
	—	-583.18	-587.10	—	—	—	—	—	—	—
	—	59.98	87.92	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +14.82%
Sales CAGR 5Y: +19.01%
Profit CAGR 3Y: +6.57%
Profit CAGR 5Y: +13.90%
Sales YoY (TTM): +18.77%
Profit YoY (TTM): +32.55%

Consolidated

Sales CAGR 3Y: +15.85%
Sales CAGR 5Y: +21.35%
Profit CAGR 3Y: +13.03%
Profit CAGR 5Y: +20.09%
Sales YoY (TTM): +22.41%
Profit YoY (TTM): +18.15%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 54.53%

Quarter	September 2026	June 2026
Promoter %	54.53%	54.53%

Holder	Type	Holding	Previous	Change
PRIYADARSHAN MUNDHRA	Promoter	27.21%	27.21%	0.00%
ANJAN MALIK	Promoter	27.20%	27.20%	0.00%
HDFC LARGE AND MID CAP FUND	Public	8.94%	8.73%	+0.21%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA	Public	3.76%	—	—
DSP SMALL CAP FUND	Public	2.56%	—	—
BARCLAYS WEALTH TRUSTEES INDIA PVT LTD	Public	2.41%	2.19%	+0.22%
BANDHAN SMALL CAP FUND	Public	2.08%	1.82%	+0.26%
MOTILAL OSWAL NIFTY 500 ETF	Public	1.52%	—	—
HSBC MUTUAL FUND - HSBC SMALL CAP FUND	Public	1.39%	1.88%	-0.49%
VIJAY KUMAR MUNDHRA	Promoter Group	0.07%	0.07%	0.00%
SUPRIYA MODI	Promoter Group	0.05%	0.05%	0.00%
PAWAN MALIK	Promoter Group	0.00%	0.00%	0.00%
SHWETA MUNDHRA	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Firstsource Solutions Ltd.	20,223	290.15	27.94	17.70%	+20.28% TTM	+8.08% TTM	-17.71%
eClerx Services Limited	14,699	1,562.85	20.24	32.70%	+22.41% TTM	+18.15% TTM	-34.03%
FUSION CX LIMITED	4,140	286.80	—	—	—	—	—
RPSG VENTURES LIMITED	2,803	847.25	765.91	9.00%	+18.53% TTM	-97.48% TTM	+2.79%
ONE POINT ONE SOLUTIONS LIMITED	1,912	72.70	—	8.10%	—	—	—
Hinduja Global Solutions Limited	1,608	345.65	-22.19	1.50%	-1.53% TTM	-46.01% TTM	-32.96%
Alldigi Tech Limited	1,269	832.55	13.44	25.50%	+5.90% TTM	+31.63% TTM	-5.31%
NSB BPO Solutions Limited	47	23.46	—	7.30%	—	—	-77.00%
We Win Limited	45	44.02	10.03	11.30%	+18.85% TTM	+171.95% TTM	-16.94%
Informed Technologies India Ltd.	35	84.20	30.47	2.20%	-38.83% TTM	+125.49% TTM	-2.07%
PlatinumOne Business Services Limited S	22	140.00	6.18	24.10%	—	—	-11.39%
BNR Udyog Ltd. S	10	33.69	-45.53	-9.20%	-26.42% TTM	-237.50% TTM	-27.63%
G-Tech Info-Training Ltd. S	4	10.74	-35.80	7.70%	-100.00% TTM	-900.00% TTM	-4.79%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Transcript of earnings call - financial results for the quarter/period ended September 30, 20263 Nov 2026 · Company Update / Earnings Call Transcript
Intimation of Schedule of Investor Meeting2 Nov 2026 · Company Update / Analyst / Investor Meet
Audio recording of the earnings call - financial results for the quarter/period ended September 30, 202629 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper advertisement for Un-audited Financial Results for the quarter ended September 30, 202629 Oct 2026 · Company Update / Newspaper Publication
Acquisition of approx. 2% equity shareholding in Personiv Eclipse Inc., USA, step down subsidiary of the Company.28 Oct 2026 · Company Update / Acquisition
Grant of options under ESOP 2022 Scheme/Plan28 Oct 2026 · Company Update / General
Earnings Presentation and Press Release w.r.t Consolidated and Standalone Un-Audited Financial Results for the Quarter/Period ended September 30, 2026.28 Oct 2026 · Result / Financial Results
Financial results for quarter ended September 30, 202628 Oct 2026 · Result / Financial Results
Outcome of Board meeting28 Oct 2026 · Board Meeting / Outcome of Board Meeting
Eclerx Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve and take on record the Un-audited ....21 Oct 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Investor Meeting25 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting22 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting15 Sep 2026 · Company Update / Analyst / Investor Meet
Voting Results and Scrutinizer''s report for the 26th Annual General Meeting8 Sep 2026 · AGM/EGM / AGM
Proceedings and Outcome of the 26th Annual General Meeting held on September 8, 2026.8 Sep 2026 · AGM/EGM / AGM
Intimation of Schedule of Investor Meeting7 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting3 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting3 Sep 2026 · Company Update / Analyst / Investor Meet
Presentation for eClerx Investor Day 20261 Sep 2026 · Company Update / General
Intimation for eClerx Investor Day 202628 Aug 2026 · Company Update / Analyst / Investor Meet
Web-Link and QR Code for Annual Report FY202619 Aug 2026 · Company Update / General
Enclosed is the Newspaper Advertisement for 26th Annual General Meeting of the Company and E-voting.18 Aug 2026 · Company Update / Newspaper Publication
Enclosed is the Business Responsibility and Sustainability Reporting for the Financial Year ended March 31, 2026.17 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Enclosed is the Notice of 26th Annual General Meeting of the Company to be held on Tuesday, September 8, 2026.17 Aug 2026 · AGM/EGM / AGM
Enclosed is the Annual Report for FY2026 along with the Notice of the 26th Annual General Meeting of the Company.17 Aug 2026 · Others / Reg. 34 (1) Annual Report
Transcript of earnings call - financial results for the quarter/period ended June 30, 202611 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Schedule of Investor Meeting11 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting7 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting7 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement for Notice of the 26th Annual General Meeting of the Company, Record date and remote e-voting7 Aug 2026 · Company Update / Newspaper Publication
Audio recording of the earnings call - financial results for the quarter/period ended June 30, 20266 Aug 2026 · Company Update / Analyst / Investor Meet
Shareholders Communication - Deduction of Tax at Source on Dividend6 Aug 2026 · Company Update / General
Newspaper advertisement for Un-audited Financial Results for the quarter ended June 30, 20266 Aug 2026 · Company Update / Newspaper Publication
Revised earnings presentation w.r.t Consolidated and Standalone Un-Audited Financial Results for the quarter/period ended June 30, 2026.5 Aug 2026 · Result / Financial Results
Grant of options under ESOP 2022 Scheme/Plan5 Aug 2026 · Company Update / General
Intimation of Record date for Payment of Final Dividend for the financial year ended March 31, 2026.5 Aug 2026 · Corp Action / Dividend Updates

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	21 Aug 2026	21 Aug 2026	—
Bonus issue 1:1	13 Mar 2026	13 Mar 2026	—
Buy Back of Shares	17 Dec 2025	17 Dec 2025	—
Final Dividend - Rs. - 1.0000	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 1.0000	6 Sep 2024	—	—
Buy Back of Shares	4 Jul 2024	4 Jul 2024	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results
5 Aug 2026 Board Meeting - Financial Results