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Intrinsic value · Buy/Sell verdict · scores — free· 1049 Indian stocks· EOD 2026-07-31

eClerx Services Limited

ECLERXNSETechnology
₹1,845.5
-65.40 (-3.42%)
Hold

Quality (85/100) does the heavy lifting; valuation (27/100) is the drag.

Fair valueOvervalued
The bottom line

Our blended model reads eClerx Services Limited as a Hold at 45/100. At ₹1,845.5 it trades above our blended DCF and relative-multiples fair value of ₹1,363.92, about 26% downside to that estimate — we read it as overvalued by 26%. On 18.7x trailing earnings it sits roughly in line with the Technology median of about 20.0x. The price is about 25% below its 52-week high of ₹2,473.5 and 39% above the low of ₹1,324.9. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9. The average analyst target of ₹1,859.4 implies about 1% upside across 10 analysts. It clears 9 of 13 investability checks, with durability 85, valuation 47 and momentum 62 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹1,363.92down 26.09%
Overvalued by 26%
Price ₹1,845.5Range ₹922.75₹1,666.54
DCF + relative blendhigh confidence

With a 20% margin of safety, our buy-below price is ₹1,091.14.

Analyst views

10 analysts8 buy · 0 hold · 1 sell
12-month consensus target₹1,859.4up 0.75%

1-year price

EOD · 2026-07-31
1D
down 3.42%
1W
down 0.86%
1M
up 32.65%
3M
up 27.38%
6M
down 21.18%
1Y

52-week range

-25.39% from the 52-week high.

Trend check
Above 50-DMA₹1,567Below 200-DMA₹1,853

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Hold45
A
Financial health 100/100
Altman Z 9.35 · Safe zone

Piotroski F-score 6/9 — quality of earnings & balance sheet.

Our scores

Durability85
Valuation47
Momentum62

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 9 of 13 checks
Each check screens one fundamentals, valuation or trend signal.
  • Pass: ROE above 15%: 29.0%
  • Pass: Low debt (D/E < 0.5): 0.15x
  • Pass: Positive free cash flow
  • Pass: Revenue growth > 10%: 23%
  • Pass: Earnings growing: 26%
  • Pass: Net margin ≥ 10%: 17.2%
  • Pass: Current ratio > 1.5: 3.40
  • Fail: Below our fair value
  • Fail: Margin of safety ≥ 20%
  • Fail: Above 200-day average
  • Pass: Above 50-day average
  • No data: Positive 1-year return
  • Pass: Altman Z in safe zone: Z 9.35
  • Fail: Piotroski ≥ 7: 6/9

Quarterly results

Revenue · 1Q2026
₹1,107 Cr
Net profit
₹189 Cr
Margin
17%
2Q2025
3Q2025
4Q2025
1Q2026
Revenue Net profitLatest revenue QoQ +3%

Annual financials

Revenue · 2026
₹4,117 Cr
Net profit
₹706 Cr
Margin
17%
2023
2024
2025
2026
Revenue Net profitLatest revenue YoY +22%

Shareholding

  • Promoter58.0%
  • Institutions32.3%
  • Public & other9.7%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹12,992 Cr
P/E ratio
18.7
P/B ratio
5.03
EPS (TTM)
₹74.49
ROE
29.0%
Debt / Equity
0.15x
Profit margin
17.2%
Free cash flow
₹489 Cr
52-week high
₹2,473.5
-25.39% from high
52-week low
₹1,324.9
Dividend yield
0.0%
Beta
0.37
SWOT snapshot

Bull case vs bear case

Bull case

Strengths

  • Strong return on equity (29.0%).
  • Lightly leveraged balance sheet.
  • Healthy profit margin (17.2%).
  • Financially solid — Altman Z 9.35.

Opportunities

  • Earnings growing (26% YoY).
  • Revenue growing (23% YoY).

Bear case

Weaknesses

  • Price below its 200-day moving average (downtrend).

Threats

  • Trades ~26% above our estimated fair value.

About eClerx Services Limited

eClerx Services Limited delivers business process management, change management, and advanced analytics across India, the United States, the United Kingdom, Europe, and Asia Pacific. The company provides omnichannel customer support, quality monitoring, workforce management, field technical operations, and digital marketing services including omnichannel campaigns and creative production.

eClerx Services Limited — frequently asked questions

Is eClerx Services Limited a buy, hold or sell?

StocksWizard currently rates eClerx Services Limited (ECLERX) a Hold, based on a blended score of 45/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is eClerx Services Limited's fair value?

Our blended DCF and relative-valuation model estimates eClerx Services Limited's fair value at about ₹1,363.92, versus a current price of ₹1,845.5 — roughly 26% downside. On that basis the stock looks overvalued by 26%.

Is eClerx Services Limited financially healthy?

eClerx Services Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9.

How has eClerx Services Limited's share price performed?

eClerx Services Limited is up 27% over three months, and last traded at ₹1,845.5. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.