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16 Jul 2025 |
eClerx Services
|
Consensus Share Price Target
|
3582.30 |
3779.67 |
- |
5.51 |
buy
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31 Jan 2025
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
3727.00
|
3058.15
(17.14%)
|
Target met |
Buy
|
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3QFY25 broadly in line. A margin miss. Expect 4Q QoQ growth to be stronger. Expect low teen USD revenue growth in FY25-FY27.
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07 Nov 2024
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
|
3295.35
(8.71%)
|
|
Not Rated
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5.7% CC QoQ revenue growth and 480bps EBIT margin expansion was ahead of estimate driven by financial markets vertical and top clients
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14 Aug 2023
|
eClerx Services
|
Bonanza
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3582.30
|
2000.00
|
1698.70
(110.88%)
|
Target met |
Buy
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|
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.
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30 May 2023
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eClerx Services
|
ICICI Direct
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3582.30
|
1800.00
|
1616.95
(121.55%)
|
Target met |
Hold
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29 May 2023
|
eClerx Services
|
Bonanza
|
3582.30
|
1750.00
|
1612.65
(122.14%)
|
Target met |
Buy
|
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|
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.
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06 Feb 2023
|
eClerx Services
|
Bonanza
|
3582.30
|
1750.00
|
1495.90
(139.47%)
|
Target met |
Buy
|
|
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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.
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05 Jan 2023
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eClerx Services
|
Bonanza
|
3582.30
|
1540.00
|
1274.25
(181.13%)
|
Target met |
Buy
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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.
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12 Nov 2022
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eClerx Services
|
ICICI Direct
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3582.30
|
1640.00
|
1402.65
(155.40%)
|
Target met |
Buy
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21 Sep 2022
|
eClerx Services
|
ICICI Direct
|
3582.30
|
1680.00
|
1491.45
(140.19%)
|
Pre-Bonus/ Split |
Buy
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04 Feb 2022
|
eClerx Services
|
ICICI Securities Limited
|
3582.30
|
3000.00
|
2453.25
(46.02%)
|
Pre-Bonus/ Split |
Buy
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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...
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02 Feb 2022
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eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
3790.00
|
2453.25
(46.02%)
|
Pre-Bonus/ Split |
Buy
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Q3 revenue growth at 5.9% QoQ USD beat our estimate led by a sharp increase in offshoring
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30 Dec 2021
|
eClerx Services
|
ICICI Securities Limited
|
3582.30
|
2900.00
|
2437.05
(46.99%)
|
Target met |
Buy
|
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The company recently acquired personiv, an outsourcing provider with over 35+ years of experience with offices in US, India and Philippines. The acquisition would leverage synergies in digital and customer experience...
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03 Nov 2021
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
2880.00
|
2383.70
(50.28%)
|
Target met |
Buy
|
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Q2 revenue grew 7.1% QoQ USD, delivering a strong beat. EBIT margin missed our estimate but outperformed consensus expectations
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14 Aug 2021
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
2880.00
|
2278.90
(57.19%)
|
Target met |
Buy
|
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Q1 revenue growth at 1.4% QoQ USD, roughly in line with our estimate of 1.7% QoQ USD
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14 Aug 2021
|
eClerx Services
|
ICICI Securities Limited
|
3582.30
|
2650.00
|
2170.40
(65.05%)
|
Target met |
Buy
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11 Jun 2021
|
eClerx Services
|
ICICI Securities Limited
|
3582.30
|
1640.00
|
1613.20
(122.06%)
|
Target met |
Buy
|
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The company reported healthy growth in the quarter mainly led by lower roll offs, acquisition, healthy demand in analytics in customer & financial operations and improving demand from large clients. eClerx is seeing healthy growth in financial operations and offshore digital care business in top 10 clients. In addition, the company may benefit from cross sell and up sell to Personiv clients. Hence, although we expect certain short-term projects to get ramped down in the near term, we believe improving growth in CLX business, healthy deal wins, acquisition of Personiv and growth in...
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11 Jun 2021
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
|
1769.90
(102.40%)
|
Pre-Bonus/ Split |
Buy
|
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Monthly Chartbook: India on path to recovery. eClerx Services: Upbeat FY22 outlook; upgrade to BUY
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10 Jun 2021
|
eClerx Services
|
BOB Capital Markets Ltd.
|
3582.30
|
1620.00
|
1613.20
(122.06%)
|
Target met |
Buy
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ECLX reported Q4FY21 revenue growth of 19.3% CC QoQ, including 6.3% organic growth and the balance from its Personiv acquisition
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07 Apr 2021
|
eClerx Services
|
Edelweiss
|
3582.30
|
1500.00
|
1140.70
(214.04%)
|
Target met |
Buy
|
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|
Growth momentum resumes | outlook healthy
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01 Feb 2021
|
eClerx Services
|
ICICI Securities Limited
|
3582.30
|
1150.00
|
978.40
(266.14%)
|
Target met |
Buy
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The company reported healthy growth in the current quarter mainly led by improving demand, especially in CLX business, lower roll offs, acquisition and improving demand. eClerx, over the years, has seen roll offs due to client specific issue, insourcing, ramp down of short-term projects and automation. However, with anticipated lower roll offs from one-off client specific event (accounting for one-third of new sales of ~US$40- 50 million) will help the company to boost revenues. Going forward, although we expect certain short-term projects to get ramped down in the near term, we...
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