NSE: ECLERX | BSE: 532927

Turnaround Potential

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4109.30 -5.20 (-0.13%)

New 52W High in past week

171.2K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

19,581

Market Cap

Market Runner Up

1.1

Beta 1Year

High Volatility

Dividend

eClerx Services Ltd. has an upcoming dividend of ₹1.00 per share due on 22 Aug 2025 See details

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.

eClerx Services Ltd.

16 Dec 2020

4109.30

-0.13%

eClerx Services (REDUCE): Sizeable like-to-like acquisition to fuel inorganic growth

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

eClerx (ECLX) has acquired Personiv an IT services firm with capabilities in the digital, back office and customer contact domains for a cash consideration of US$ 34mn.

eClerx Services Ltd. has gained 67.77% in the last 3 Months

eClerx Services Ltd.

05 Nov 2020

4109.30

-0.13%

eClerx Services (SELL): Strong growth driven by sharp CLX recovery

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

eClerx (ECLX) reported a surprising growth and margin beat in Q2FY21 backed by CLX recovery and aggressive cost cuts.

eClerx Services Ltd. has gained 67.77% in the last 3 Months

eClerx Services Ltd.

13 Aug 2020

4109.30

-0.13%

eClerx Services (REDUCE): Aggressive cost management saves the day

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

eClerx (ECLX) reported a surprising operating margin beat in Q1FY21 backed by aggressive cost cuts.

eClerx Services Ltd. is trading above all available SMAs

eClerx Services Ltd.

13 Aug 2020

4109.30

-0.13%

eClerx Services Limited

Hold: eClerx Services Ltd.

Target

ICICI Securities Limited

In the current quarter, eClerx witnessed demand and supply side challenges. However, we believe the company could see improving revenue growth in coming quarters led by receding supply side challenges and improving demand. eClerx also witnessed healthy deal wins upwards of quarter million dollars. A few deal wins include a Nordic banking client, food business client and higher wins from existing clients. In addition, the company expects CLX business (that we believe contributes 18% to topline) to see improvement in coming quarters. Hence, we expect eClerx to witness a gradual...

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

eClerx Services Ltd.

10 Jun 2020, 12:00AM

4109.30

-0.13%

eClerx Services Limited

Hold: eClerx Services Ltd.

Recommendation Target

ICICI Securities Limited

In the near term, the company is expected to face a significant revenue impact due to some supply side challenges, lower demand, impact in voice and exposure to retail & travel vertical (that we believe together may account for 10% of revenues). As a result, we expect a sharp fall in Q1FY21E revenues. We expect the company to witness a marginal improvement from Q2FY21E onwards and to reach Q4FY20 revenues in Q4FY21E (as indicated by management). Based on our assumptions, we expect dollar revenues to decline 8.4% YoY in FY21E. However, we expect the company to witness an...

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

eClerx Services Ltd.

09 Jun 2020, 12:00AM

4109.30

-0.13%

BOBCAPS Research | eClerx Services (REDUCE): Valuation inexpensive but lacks catalysts

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

eClerx's (ECLX) Q4FY20 dollar revenue declined by a sharp 7.9% QoQ owing to onsite revenue contraction of 15%.

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

eClerx Services Ltd.

01 Feb 2020

4109.30

-0.13%

eClerx Services Limited

Sell: eClerx Services Ltd.

Target

ICICI Securities Limited

Revival in revenue growth key thing to watch Dollar revenues grew 3.4% sequentially after two consecutive quarters of decline. The growth was aided by one-off projects in the CLX business and milestone accruals. The management said the soft Q4FY20E was on account of one-off gains in Q3 and delay in ramp up of projects. Taking into consideration the weak performance in H1FY20 and a softer Q4FY20E, we expect mere 2.2% YoY revenue growth in FY20E. The company has faced certain client specific issues in the past and pressure in legacy business. In...

eClerx Services Ltd. is trading above all available SMAs

eClerx Services Ltd.

31 Jan 2020

4109.30

-0.13%

eClerx Services (SELL): Good show but repeat act unlikely downgrade to SELL

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

A mix of favourable yet transient dynamics saw eClerx (ECLX) staging a surprising operational beat in Q3FY20 (revenue up 3% QoQ, EBIT margin up 590bps).

eClerx Services Ltd. has gained 21.87% in the last 1 Month

eClerx Services Ltd.

08 Nov 2019

4109.30

-0.13%

eClerx Services-2QFY20 Result Update

eClerx Services Ltd.

Reliance Securities

eClerx Services Ltd. has gained 21.87% in the last 1 Month

eClerx Services Ltd.

08 Nov 2019

4109.30

-0.13%

eClerx Services (REDUCE): Cost control saves margins; no respite from structural challenges

Sell: eClerx Services Ltd.

Target

BOB Capital Markets Ltd.

eClerx (ECLX) reported a margin beat for Q2FY20 (EBIT margin at 16.9%), albeit backed largely by marketing cuts, while dollar revenue was a miss (1.6% QoQ).

eClerx Services Ltd. has gained 65.60% in the last 1 Year

Is eClerx Services Ltd. worth buying?

145 Votes:

Buy 74.48%

Sell 15.17%

Hold 10.34%

RESEARCH REPORTS

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