NSE: ECLERX | BSE: 532927

Slowing Down Stock

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2534.50 28.40 (1.13%)

34.63% Fall from 52W High

10,547 NSE+BSE Volume

NSE 16 Apr, 2025 12:26 PM (IST)

12,077

Market Cap

Market Runner Up

0.7

Beta 1Year

Very Low volatility

eClerx Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ECLERX, BSE:532927 eClerx Services Ltd.

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eClerx Services Ltd.

31 Jan 2025

2534.50

1.13%

eClerx Services (BUY): Should be among the faster growing Tier-2 players

Buy: eClerx Services Ltd.

BOB Capital Markets Ltd.

3QFY25 broadly in line. A margin miss. Expect 4Q QoQ growth to be stronger. Expect low teen USD revenue growth in FY25-FY27.

eClerx Services Ltd. has lost -21.16% in the last 3 Months

eClerx Services Ltd.

07 Nov 2024

2534.50

1.13%

eClerx Services (NOT RATED): Strong 2Q. Reiterates top quartile revenue growth in FY25

Not Rated: eClerx Services Ltd.

BOB Capital Markets Ltd.

5.7% CC QoQ revenue growth and 480bps EBIT margin expansion was ahead of estimate driven by financial markets vertical and top clients

eClerx Services Ltd. has an average target of 3727.00 from 1 broker.

eClerx Services Ltd.

14 Aug 2023

2534.50

1.13%

H1 to remain soft; valuations remain favourable

Buy: eClerx Services Ltd.

Target

Bonanza

eClerx posted weak operating performance in Q1. Revenue fell 2% QoQ, hit by budget cuts, drop in project renewals and unanticipated project cancellations particularly among large clients in the digital and financial markets. OPM declined by 530bps QoQ. Management expects revenue to rebound in Q2 and log closer to Q4FY23 levels, further improving in H2.

eClerx Services Ltd. has an average target of 3727.00 from 1 broker.

eClerx Services Ltd.

30 May 2023

2534.50

1.13%

eClerx Services Limited

Hold: eClerx Services Ltd.

Recommendation Target

ICICI Direct

eClerx Services Ltd. has an average target of 3727.00 from 1 broker.

eClerx Services Ltd.

29 May 2023

2534.50

1.13%

Steady Q4FY23; H1 to remain soft; valuations remain favourable

Buy: eClerx Services Ltd.

Bonanza

eClerx reported a steady performance in Q4. Revenue grew 0.6% QoQ (flat in cc terms) impacted by weak discretionary spends. Margin performance was healthy, with reported OPM expanding by 211bps QoQ. Slower decision-making, slow conversion of deal pipeline and delayed deal renewals on account of uncertain macro-environment would weigh on near-term growth.

eClerx Services Ltd. has lost -21.16% in the last 3 Months

eClerx Services Ltd.

06 Feb 2023

2534.50

1.13%

Revenue growth better-than-expected; undemanding valuations

Buy: eClerx Services Ltd.

Target

Bonanza

eClerx Services Q3 results were better-than expected on US$ revenue growth but profitability was lower-than-expected. Q3FY23 revenue stood at US$ 85.1mn (grew 3.2% QoQ as well as cc terms). Top-10 client growth declined 0.6% QoQ in dollar terms, led by lower onshore revenues. The management indicated that top-10 client softness was limited to onsite engagement and that offshore momentum is intact.

Number of FII/FPI investors increased from 201 to 233 in Dec 2024 qtr.

eClerx Services Ltd.

05 Jan 2023

2534.50

1.13%

Quality business at attractive valuations

Buy: eClerx Services Ltd.

Bonanza

eClerx is a leading KPO player in the high opportunity services segments like business process management, automation and data analytics. The company has many Fortune 500 enterprises as clients, which provides decent revenue visibility over the medium-to-long term.

eClerx Services Ltd. is trading below all available SMAs

eClerx Services Ltd.

12 Nov 2022

2534.50

1.13%

eClerx Services Limited

Buy: eClerx Services Ltd.

ICICI Direct

Number of FII/FPI investors increased from 201 to 233 in Dec 2024 qtr.

eClerx Services Ltd.

21 Sep 2022

2534.50

1.13%

eClerx Services Limited

Buy: eClerx Services Ltd.

ICICI Direct

Number of FII/FPI investors increased from 201 to 233 in Dec 2024 qtr.

eClerx Services Ltd.

04 Feb 2022

2534.50

1.13%

eClerx Services Limited

Buy: eClerx Services Ltd.

Target

ICICI Securities Limited

We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value eClerx at | 3,000 i.e. 20x P/E on FY24E EPS Key triggers for future price performance: Traction in customer care, RPA, analytics & content development, cross sell...

eClerx Services Ltd. has an average target of 3727.00 from 1 broker.

Is eClerx Services Ltd. worth buying?

144 Votes:

Buy 75.0%

Sell 15.28%

Hold 9.72%

RESEARCH REPORTS

Buy SEE REPORTS >

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Not Rated SEE REPORTS >

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