eClerx Services Ltd. News and Updates

Name: Latest research reports of eClerx Services Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: eClerx Services Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on eClerx Services Ltd. from all sources in a single place.

Load latest

eClerx Services Ltd.

22 Sep 2015

4395.00

-0.75%

eClerx Services (Update) : Next phase; looking beyond top 5. BUY

Buy: eClerx Services Ltd.

HDFC Securities

We are optimistic about the growth prospects of eClerx Services after interacting with CFO Mr Rohitash Gupta. We believe the companys niche business ? catering to financial services and cable industries, digital content, commerce, and data and analytics services for hi-tech and retail verticals ? specialised skills and proven track record of scaling up revenue with top-5 clients, will drive traction in its non-top 5 clients (42.5% of revenue).

eClerx Services Ltd. has gained 30.93% in the last 6 Months

eClerx Services Ltd.

11 Sep 2015

4395.00

-0.75%

eClerx Services hits lifetime high ahead of board meet

Business Standard

The stock rallied 5% to Rs 1,825 ahead of board meeting today for considering merger of subsidiary with itself.

eClerx Services Ltd.'s price crossed above 30Day SMA today

eClerx Services Ltd.

11 Aug 2015

4395.00

-0.75%

eClerx Services hits record high as Q1 profit beats estimates

Business Standard

The stock rallied 11% to Rs 1,768, also its record high on the BSE.

eClerx Services Ltd. has gained 32.81% in the last 1 Year

eClerx Services Ltd.

10 Aug 2015

4395.00

-0.75%

eClerx - 1QFY16 Result Update

Buy: eClerx Services Ltd.

Reliance Securities

Operating margins improved to 29.9%, +661bp qoq (eClerx operating margin at 31% and CLX operating margin at 19%), which mitigated the impact of wage hike during the quarter (10% domestic and 4% onsite). PAT stood at Rs734mn, supported by higher forex gains, favourable currency (+220bp margin impact), margin improvement on lower SG&A; and change in amortization policy (+100bp impact on EBIT margin). With CLX's G&A; as % of revenue similar to organic levels and most of the investments in sales & accounts management in place, we've factored G&A; expense at 12.7%/12.6% of revenue for FY16E/17E and S&D; expense at 15.3%/15% of revenue for FY16E/17E,...

eClerx Services Ltd. has gained 32.81% in the last 1 Year

eClerx Services Ltd.

01 Apr 2015

4395.00

-0.75%

eClerx

Buy: eClerx Services Ltd.

Reliance Securities

eClerx has announced 100% acquisition of CLX Europe SPA (CLX) for Euro25mn in an all-cash deal, at a valuation of 1.3x EV/Sales and 5.5x EV/EBITDA and it is expected to be EPS accretive. CLX creates, manages and delivers creative assets globally to the multi-channel market for luxury brands and major retailers. eClerx will fund the deal from internal accruals with balance sheet cash at Rs4.17bn. We believe that the deal provides sectoral diversification & digital augmentation opportunity along with an enhanced foothold in Europe. We revise our FY16E/FY17E earnings estimate by...