NSE: ECLERX | BSE: 532927

Mid-range Performer

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1924.30 -47.40 (-2.40%)

45.78% Gain from 52W Low

94,481 NSE+BSE Volume

NSE 04 Sep, 2026 1:28 PM (IST)

18,098.2

Market Cap

Market Runner Up

Beta 1Year

Very High 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.

03 Sep 2026, 12:00AM

1924.30

-2.40%

Disciplined execution; focused on sustaining top quartile growth

Sell: eClerx Services Ltd.

Recommendation Target

Emkay

eClerx is positioning itself toward domain expertise + tech + data + analytics + AI, with limited exposure to low-end, easily automatable work and a more annuity-like revenue mix.

eClerx Services Ltd. has an average target of 1912.00 from 2 brokers.

eClerx Services Ltd.

15 May 2026

1924.30

-2.40%

eClerx Services (BUY): Guides for top quartile growth in FY27 with similar margins

Buy: eClerx Services Ltd.

BOB Capital Markets Ltd.

4QFY26 softer expected. This was after 4 consecutive quarters of strong QoQ growth. 17% CC revenue growth for FY26 is top quartile

Emkay downgraded eClerx Services Ltd. to Sell with a price target of 2000.0 on 03 Sep, 2026.

eClerx Services Ltd.

15 May 2026

1924.30

-2.40%

Soft print; deal intake to maintain momentum ahead

Buy: eClerx Services Ltd.

Emkay

eClerx posted soft operating performance in Q4. Revenue grew 0.5% QoQ CC, lower than our expectation. EBITM declined by ~40bps QoQ to 21.1%, largely owing to higher hiring and travel costs, partially offset by lower G&A and S&D expenses.

eClerx Services Ltd. has an average target of 1912.00 from 2 brokers.

eClerx Services Ltd.

30 Jan 2026

1924.30

-2.40%

eClerx Services (HOLD): Likely to be a top quartile growth player

Hold: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

3Q stronger than expected. FY26/FY27/FY28 likely to see mid-high teen revenue growth in USD terms with improving margins. An outlier

eClerx Services has gained 33.69% in the last 3 Months

eClerx Services Ltd.

28 Oct 2025

1924.30

-2.40%

eClerx Services (HOLD): Strong execution continues

Hold: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

Better than estimated revenue growth and margin in 2Q. 2HFY26 should also be solid. Mid-High teen USD revenue growth likely in FY27/FY28

eClerx Services Ltd. has an average target of 1912.00 from 2 brokers.

eClerx Services Ltd.

28 Jul 2025

1924.30

-2.40%

eClerx Services (HOLD): Good execution. Small cap worth keeping on radar

Hold: eClerx Services Ltd.

Recommendation Target

BOB Capital Markets Ltd.

1QFY26 CC QoQ growth was robust at 3.3% (broadly in line with our estimate). EBIT margin was much better than estimate (by ~200bps)

eClerx Services Ltd. has an average target of 1912.00 from 2 brokers.

eClerx Services Ltd.

31 Jan 2025

1924.30

-2.40%

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.

Number of FII/FPI investors decreased from 274 to 249 in Jun 2026 qtr

eClerx Services Ltd.

07 Nov 2024

1924.30

-2.40%

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 has gained 24.80% in the last 6 Months

eClerx Services Ltd.

14 Aug 2023

1924.30

-2.40%

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.