eClerx Services Ltd - Stock Valuation and Financial Performance

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

eClerx Services Share Price

2,392.45 -61.20 -2.49%
as on 19-Mar'24 11:55

DeciZen - make an informed investing decision on eClerx Services

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

eClerx Services stock performance -

mw4me loader
P/E Ratio (CD):
23.43
Market Cap:
12,029.1 Cr.
52-wk low:
1,272
52-wk high:
2,825

Is eClerx Services Ltd an attractive stock to invest in?

1. Is eClerx Services Ltd a good quality company?

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

2. Is eClerx Services Ltd 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 Fair zone.

3. Is eClerx Services Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
eClerx Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 50.3%34.1%35.8%31.3%22.4%17.1%16%20.9%27.6%28.8%-
Value Creation
Index
2.61.41.71.30.70.20.10.51.01.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8419421,3141,3301,3651,4311,4381,5642,1602,6482,852
Sales YoY Gr.-12%39.5%1.2%2.6%4.8%0.5%8.8%38.1%22.6%-
Adj EPS 42.736.552.960.547.439.137.254.582.295.2104.7
YoY Gr.--14.5%44.7%14.5%-21.7%-17.6%-4.8%46.7%50.6%15.9%-
BVPS (₹) 97.5117.7175.7201.5207.3240237.8291.4313.6353.9431.1
Adj Net
Profit
258222323361271221201278408457514
Cash Flow from Ops. 195243418312305206333365444493-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.6%14.2%22.6%22.6%
Adj EPS 9.3%15%36.8%15.9%
BVPS15.4%11.3%14.2%12.8%
Share Price 15.9% 25.8% 54.9% 73.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
50.23435.831.222.417.11519.826.627.926.7
Op. Profit
Mgn %
42.233.636.635.42721.722.729.830.727.327.6
Net Profit
Mgn %
30.723.524.627.119.915.51417.818.917.318
Debt to
Equity
0000000000-
Working Cap
Days
102120100115125123119113979494
Cash Conv.
Cycle
2543394852545655474973

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.70%

Sales growth is growing at healthy rate in last 3 years 22.58%

Net Profit is growing at healthy rate in last 3 years 36.80%

Sales growth is good in last 4 quarters at 12.14%

No data to display

Latest Financials - eClerx Services Ltd.

Standalone Consolidated
TTM EPS (₹) 75.3 104.7
TTM Sales (₹ Cr.) 2,035 2,852
BVPS (₹.) 291.5 431.1
Reserves (₹ Cr.) 1,380 2,064
P/BV 8.42 5.69
PE 32.59 23.43
From the Market
52 Week Low / High (₹) 1272.00 / 2825.00
All Time Low / High (₹) 24.10 / 2825.00
Market Cap (₹ Cr.) 12,029
Equity (₹ Cr.) 49
Face Value (₹) 10
Industry PE 59

Management X-Ray of eClerx Services:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of eClerx Services

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8419421,3141,3301,3651,4311,4381,5642,1602,648
Operating Expenses 4866268338699981,1221,1131,1151,4991,925
Manufacturing Costs16213134363939384645
Material Costs0000000000
Employee Cost 3474405735946927878548851,1961,510
Other Costs 123165229242269295220192257370
Operating Profit 355316481461367309325449662723
Operating Profit Margin (%) 42.2%33.6%36.6%34.7%26.9%21.6%22.6%28.7%30.6%27.3%
Other Income 11323728404947342566
Interest 11121120212322
Depreciation 3350575248457182103114
Exceptional Items 00002100000
Profit Before Tax 332298460436380311281381560653
Tax 76681188290837298143164
Profit After Tax 256230342354290228209283418489
PAT Margin (%) 30.4%24.4%26.0%26.6%21.2%16.0%14.5%18.1%19.3%18.5%
Adjusted EPS (₹)42.437.855.859.450.740.338.655.484.1101.8
Dividend Payout Ratio (%)41%46%1%1%1%2%2%1%1%1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5887141,0751,2001,1861,3601,2881,4861,5571,700
Share Capital 30304140383836343348
Reserves 5586841,0341,1611,1481,3221,2521,4521,5241,652
Minority Interest0010111112
Debt0041621001
Long Term Debt0041110001
Short Term Debt0000611000
Trade Payables121413201214231718
Others Liabilities 198236195183206203394464457513
Total Liabilities 7889521,2881,3981,4191,5771,6981,9742,0322,234

Fixed Assets

Gross Block2603224164234885337141,0351,1181,293
Accumulated Depreciation1051555198145185234307405520
Net Fixed Assets155167365325343348480728713773
CWIP 11020010221
Investments 115155219252165286437229196275
Inventories0000000010
Trade Receivables99126186214233243238293329440
Cash Equivalents 241287328356440452334491494428
Others Assets177216189250237248208233298297
Total Assets 7889521,2881,3981,4191,5771,6981,9742,0322,234

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 195243418312305206333365444493
PBT 332298460436380311281381560653
Adjustment 2127542623186377118105
Changes in Working Capital -81-1516-47-3-30497-70-87
Tax Paid -77-68-113-103-95-93-59-100-164-178
Cash Flow From Investing Activity -134-62-165-17017-23118-538-84
Capex -21-61-52-30-41-52-340-61-90
Net Investments -102-21-18-16030-20724199108-1
Others -1020-9521292828-203-106
Cash Flow From Financing Activity -84-115-165-245-304-54-308-188-416-440
Net Proceeds from Shares 9814895102822
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-19-20-22-21
Dividend Paid -76-1060-4-4-4-4-3-3-3
Others -16-17-179-249-308-56-287-165-420-437
Net Cash Flow -226588-10218-794317266-32
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)49.8635.2738.231.1124.317.9315.7820.3927.4630.04
ROCE (%)64.7445.850.9437.8331.3724.1122.3528.6338.0141.12
Asset Turnover Ratio1.211.081.170.990.970.960.880.851.081.24
PAT to CFO Conversion(x)0.761.061.220.881.050.91.591.291.061.01
Working Capital Days
Receivable Days36444355606161625353
Inventory Days0000000000
Payable Days0000000000

eClerx Services Ltd Stock News

eClerx Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of eClerx Services on 19-Mar-2024 11:55 is ₹2,392.5.
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 19-Mar-2024 11:55 the market cap of eClerx Services stood at ₹12,029.1.
The latest P/E ratio of eClerx Services as of 19-Mar-2024 11:55 is 32.59.
The latest P/B ratio of eClerx Services as of 19-Mar-2024 11:55 is 8.42.
The 52-week high of eClerx Services is ₹2,825 and the 52-week low is ₹1,272.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of eClerx Services is ₹2,035 ( 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

  • eClerx Recognised as a Finalist at the GSA UK 2019 Awards
  • Won the CII’s National Competition on Lean
  • Winner of the CYPHER Data Science award for ‘AI in Travel and Tourism’ category
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