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16 Sep 2025 |
eClerx Services
|
Consensus Share Price Target
|
4375.00 |
4053.20 |
- |
-7.36 |
buy
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01 Apr 2015
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eClerx Services
|
Reliance Securities
|
4375.00
|
1730.00
|
1212.30
(260.88%)
|
Pre-Bonus/ Split |
Buy
|
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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...
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02 Feb 2015
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eClerx Services
|
HDFC Securities
|
4375.00
|
1420.00
|
958.76
(356.32%)
|
Target met |
Buy
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eClerxs 3QFY15 USD revenues were inline. However, EBIDTA margin was below estimates. PAT was 3.5% below our estimates led by lower margins. eClerx continues to show higher growth in Emerging accounts (34% of revenues).
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