eClerx Services Limited

BSE: ECLERX532927ISIN INE738I01010

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

BSE listing

Share price

₹1,916.80-7.75 (-0.40%)

as of 18 Sep 2026

52W high: ₹4,985.95
52W low: ₹1,319.05
Off 52W high: -61.56%
1M return: +4.58%
3M return: +35.23%
6M return: +30.71%
1Y return: -56.50%
20D avg volume: 14,419
50 DMA: ₹1,872.25
200 DMA: ₹2,567.85

Key ratios Consolidated

Market cap: ₹18,028 Cr
Current price: ₹1,916.80
52W high / low: ₹4,985.95 / ₹1,319.05
Face value: ₹10.00
P/E: 24.72
P/B: —
EPS (TTM): ₹77.53
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: 0.05%
Dividend / share (TTM): ₹1.00
Payout: 1.29%
Cash conversion cycle: 81.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,152	1,107	1,070	1,005	934.56	898.29	853.82	831.84	781.92	766.53	752.76	721.78
	17.86	29.76	30.07	27.24	14.11	31.92	20.57	13.12	20.91	23.05	20.79	14.12
	951.61	885.10	850.29	787.09	760.61	731.44	690.40	657.09	654.93	610.11	584.92	553.45
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	728.85	677.14	654.03	610.00	583.35	541.88	523.27	502.78	497.85	453.69	440.56	422.21
	14.88	11.74	9.91	10.79	9.69	10.78	8.28	8.12	7.71	5.58	5.86	6.14
	49.61	49.66	46.31	42.50	36.90	40.96	35.78	32.80	31.65	33.53	33.52	30.28
	158.27	146.57	140.04	123.79	130.67	137.82	—	—	—	—	89.37	—
	218.61	251.95	250.12	245.00	188.06	198.76	184.00	187.86	147.91	179.46	188.63	182.45
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.83	0.00
	218.61	251.95	250.12	245.00	188.06	198.76	184.00	187.86	147.91	179.46	186.79	182.45
	54.37	62.30	58.31	61.54	46.51	46.24	46.80	48.36	35.86	49.57	47.73	46.33
	164.24	189.65	191.81	183.46	141.55	152.52	137.20	139.50	112.05	129.89	139.06	136.12
	17.86	20.47	40.81	39.00	30.16	32.37	29.16	29.66	23.13	27.07	28.76	28.20
Key metrics
	283.10	313.35	306.34	298.29	234.65	250.50	228.06	228.78	187.27	218.57	226.17	218.87
	24.60%	28.30%	28.60%	29.70%	25.10%	27.90%	26.70%	27.50%	24.00%	28.50%	30.00%	30.30%
	14.30%	17.10%	17.90%	18.30%	15.10%	17.00%	16.10%	16.80%	14.30%	16.90%	18.50%	18.90%
	—	8.80%	—	8.40%	—	7.70%	—	—	—	—	—	—
	23.30%	23.30%	25.40%	20.80%	19.50%	17.20%	13.40%	15.20%	—	—	—	—
	16.00%	24.30%	39.80%	31.50%	26.30%	17.40%	-1.30%	2.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,335	4,117	3,366	2,926	2,648	2,160	1,564	1,438	1,431	1,365
	104.93	101.18	86.53	65.64	65.95	24.62	34.45	46.70	48.59	40.23
	3,474	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	—	—	—	—	—	—	—
	2,670	2,525	2,066	1,738	1,510	1,196	885.31	854.26	786.89	692.46
	47.32	42.14	34.89	23.48	21.16	21.52	20.28	18.81	0.04	0.04
	188.08	175.37	141.19	125.77	114.01	103.19	81.59	70.89	44.69	48.24
	568.67	541.06	491.99	—	—	221.74	178.04	204.35	264.67	—
	965.68	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
	965.68	935.12	718.53	689.34	652.99	560.49	380.62	280.52	311.47	379.52
	236.52	228.66	177.27	177.60	163.81	142.73	97.80	71.55	83.17	89.58
	729.16	706.47	541.26	511.73	489.18	417.76	282.82	208.97	228.30	289.94
	118.14	76.23	114.19	106.15	98.76	123.81	81.61	57.26	60.07	—
Key metrics
	1,201	1,153	894.61	838.59	788.16	685.20	482.49	370.22	356.20	427.80
	27.71%	28.00%	26.60%	28.70%	29.80%	31.70%	30.80%	25.80%	24.90%	31.30%
	16.82%	17.20%	16.10%	17.50%	18.50%	19.30%	18.10%	14.50%	16.00%	21.20%
	—	32.70%	27.90%	—	—	—	—	—	—	—
	—	22.30%	15.10%	10.50%	22.60%	38.10%	8.80%	0.50%	4.80%	—
	—	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	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	782.11	765.98	736.10	691.29	665.08	641.78	608.63	612.44	568.67	560.60	530.22	508.83
	10.03	27.60	26.09	26.13	10.05	27.35	13.10	9.57	13.81	14.91	14.43	9.96
	614.79	622.03	593.82	570.24	550.25	529.25	509.97	490.71	488.99	447.58	415.97	401.31
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	360.57	330.79	321.54	309.43	299.52	280.96	271.95	265.11	262.93	240.76	219.00	212.26
	10.99	8.34	6.73	8.23	7.67	9.16	7.35	7.28	6.75	4.56	4.68	4.81
	25.36	26.39	25.28	23.68	20.26	24.16	21.31	18.61	17.61	18.26	16.63	15.13
	217.86	256.51	240.27	228.89	222.79	214.97	—	—	—	—	49.94	46.09
	177.36	171.56	168.38	147.18	124.89	139.88	111.76	131.30	93.50	127.93	128.68	117.49
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	177.36	171.56	168.38	147.18	124.89	139.88	111.76	131.30	93.50	127.93	128.68	117.49
	44.57	42.55	42.41	37.07	31.97	31.60	28.54	33.67	23.13	33.03	32.90	30.92
	132.78	129.01	125.97	110.11	92.92	108.28	83.22	97.63	70.37	94.90	95.78	86.57
	14.43	13.94	26.78	23.44	19.78	23.04	17.71	20.65	14.58	19.68	19.87	17.95
Key metrics
	213.71	206.29	200.39	179.09	152.82	173.20	140.42	157.19	117.86	150.75	149.99	137.43
	27.30%	26.90%	27.20%	25.90%	23.00%	27.00%	23.10%	25.70%	20.70%	26.90%	28.30%	27.00%
	17.00%	16.80%	17.10%	15.90%	14.00%	16.90%	13.70%	15.90%	12.40%	16.90%	18.10%	17.00%
	—	11.90%	—	8.90%	—	9.00%	—	—	—	—	—	—
	17.60%	19.40%	20.90%	12.90%	17.00%	14.50%	14.80%	20.40%	—	—	—	—
	42.90%	19.10%	51.40%	12.80%	32.00%	14.10%	-13.10%	12.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,975	2,858	2,432	2,095	1,888	1,551	1,197	1,120	1,140	1,144
	89.85	89.87	63.83	45.11	56.72	20.55	39.38	54.00	55.83	43.83
	2,401	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	—	—	—	—	—	—	—
	1,322	1,261	1,081	885.15	797.69	604.87	479.62	484.49	461.41	437.12
	34.29	30.98	30.53	18.71	16.24	16.42	18.36	17.66	—	—
	100.71	95.62	81.70	63.91	58.73	51.67	50.00	44.59	26.16	29.60
	943.53	948.46	825.73	—	—	111.94	—	129.78	173.31	—
	664.48	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
	664.48	612.00	476.44	479.86	504.00	476.82	324.47	183.32	284.36	361.44
	166.60	153.99	116.94	122.82	125.60	121.92	85.56	59.75	74.75	83.32
	497.87	458.01	359.50	357.04	378.40	354.90	238.90	123.57	209.61	278.12
	78.59	49.44	75.87	74.11	76.45	105.27	67.29	33.05	54.19	—
Key metrics
	799.48	738.60	588.67	562.48	578.97	544.91	392.83	245.57	310.52	391.04
	26.87%	25.80%	24.20%	26.90%	30.70%	35.10%	32.80%	21.90%	27.20%	34.20%
	16.73%	16.00%	14.80%	17.00%	20.00%	22.90%	20.00%	11.00%	18.40%	24.30%
	—	42.60%	30.70%	—	—	—	—	—	—	—
	—	17.60%	16.10%	10.90%	21.70%	29.60%	6.90%	-1.70%	-0.40%	—
	—	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%
Sales CAGR 10Y: —
Profit CAGR 3Y: +6.57%
Profit CAGR 5Y: +13.90%
Profit CAGR 10Y: —
Sales YoY (TTM): +17.70%
Profit YoY (TTM): +30.32%

Consolidated

Sales CAGR 3Y: +15.85%
Sales CAGR 5Y: +21.35%
Sales CAGR 10Y: —
Profit CAGR 3Y: +13.03%
Profit CAGR 5Y: +20.09%
Profit CAGR 10Y: —
Sales YoY (TTM): +23.20%
Profit YoY (TTM): +27.75%

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 Jun 2026

Promoter holding: 54.53%

Holder	Type	Holding	Previous	Change
PRIYADARSHAN MUNDHRA	Promoter	27.21%	—	—
ANJAN MALIK	Promoter	27.20%	—	—
HDFC LARGE AND MID CAP FUND	Public	8.73%	—	—
NIPPON LIFE INDIA TRUSTEE LTD.- A/C NIPPON INDIA N	Public	3.80%	—	—
DSP NIFTY SMALLCAP250 QUALITY 50 INDEX FUND	Public	2.39%	—	—
BARCLAYS WEALTH TRUSTEES INDIA PVT LTD	Public	2.19%	—	—
HSBC MUTUAL FUND - HSBC SMALL CAP FUND	Public	1.88%	—	—
BANDHAN SMALL CAP FUND	Public	1.82%	—	—
VIJAY KUMAR MUNDHRA	Promoter Group	0.07%	—	—
SUPRIYA MODI	Promoter Group	0.05%	—	—
SHWETA MUNDHRA	Promoter Group	0.00%	—	—
PAWAN MALIK	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

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
Intimation of Record date for payment of Final Dividend for the financial year ended March 31, 2026.5 Aug 2026 · Corp. Action / Record Date
Intimation of 26th Annual General Meeting of the Company.5 Aug 2026 · AGM/EGM / AGM
Earnings Presentation and Press Release w.r.t Consolidated and Standalone Un-Audited Financial Results for the Quarter/Period ended June 30, 2026.5 Aug 2026 · Result / Financial Results
Financial results for quarter ended June 30, 20265 Aug 2026 · Result / Financial Results
Outcome of Board meeting5 Aug 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 05/08/2026 ,inter alia, to consider and approve and take on record the Un-audited ....29 Jul 2026 · Board Meeting / Board Meeting
Clarification on Price Movement22 Jul 2026 · Company Update / General
The Exchange has sought clarification from eClerx Services Ltd on July 22, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....22 Jul 2026 · Company Update / Clarification
eClerx appoints Principal - Customer Experience14 Jul 2026 · Company Update / Change in Management
Intimation of Schedule of Investor Meeting29 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting29 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting29 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting29 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of closure of trading window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Investor Meeting25 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meeting25 Jun 2026 · Company Update / Analyst / Investor Meet

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

5 Aug 2026 Board Meeting - Financial Results