eClerx Services Limited (532927) Fair Value & Analysis
Services · IN · Market cap ₹24.4B
Fair value as of: Aug 18, 2026
From 26 valuation models · updated today
Share price −6.4% over the past month.
A solid business, screening 73% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹1,920). The market is more pessimistic than our downside scenario.
- Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹1,920 to ₹4,079) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range ₹372.67 – ₹2,473 · fair‑value band ₹1,920 – ₹4,079 · the ₹1,854 price screens below the ₹3,208 fair value. Dashed = 300-day average. As of Aug 18, 2026.
Analysis
eClerx Services Limited (532927) currently trades at ₹1,854, while our model-based Fair Value estimate is ₹3,208, implying the stock looks roughly 73.0% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, eClerx Services Limited generated revenue of ₹14.2B at a net margin of 16.7%. Revenue grew 1.2% year over year. It earns a return on equity of 19.1%. The stock trades on a trailing P/E of 10.7 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026
Our scenario range runs from ₹1,920 (bear case) to ₹4,079 (bull case); at ₹1,854, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Services peers we cover trades at -24% fair-value upside, at 73%, 532927 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹4,061) versus Dividend Discount (₹22.23). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 44
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
eClerx Services Limited provides data management, analytics, and process outsourcing services in the United States, the United Kingdom, Europe, and the Asia Pacific.
Full company description
eClerx Services Limited provides data management, analytics, and process outsourcing services in the United States, the United Kingdom, Europe, and the Asia Pacific. The company offers customer experience solutions for business process optimization and customer interaction monitoring; field technical operations services for avoidable truck roll, dispatch services, connected homes, return merchandise authorization, and revenue assurance; omnichannel customer support services; advanced and digital analytics, and enterprise business intelligence solutions; and robotic process automation, Q-clips, workforce manager solutions, as well as chatbots and QA testing with test assure. It also provides digital solutions, such as A/B testing and optimization, campaign operations, computer generated imagery, creative services, data management, digital analytics, digital asset management, forecasting solutions, intelligent automation, personalization, pricing and competitive intelligence, replatforming, search engine optimization, social media services, tag management, and Website search optimization. In addition, the company offers derivative trade support, cash securities operations, regulatory compliance and data, document management, and analytics solutions, as well as technology products. It serves financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech industries. The company was founded in 2000 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
eClerx Services Limited reported revenue of ₹33.7B in FY2025 versus ₹15.6B in FY2021, a compound +21.1%/yr. Reported net income was ₹5.4B in FY2025, compounding +17.6%/yr from FY2021.
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Peer Group
Industrials · 5366 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Business Services” was too small, so the broader sector is used.)
Valuation Multiples vs Industrials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Repro India Limited 532687 | ₹327.45 | ₹38.77 | -88% |
| Allsec Technologies Limited 532633 | ₹810.60 | ₹605.57 | -25% |
| Inducto Steels Limited 532001 | ₹60.00 | ₹63.32 | +6% |
| PVR Limited 532689 | ₹1,192 | ₹783.79 | -34% |
| Ramkrishna Forgings Limited 532527 | ₹742.70 | ₹2,216 | +198% |
| Saregama India Limited 532163 | ₹531.35 | ₹2,119 | +299% |
| TAJGVK Hotels & Resorts Limited 532390 | ₹337.95 | ₹258.32 | -24% |
| Entertainment Network (India) Limited 532700 | ₹101.00 | ₹48.39 | -52% |
| Oriental Hotels Limited 500314 | ₹126.45 | ₹33.58 | -73% |
| Oriental Veneer Products Limited 531859 | ₹109.80 | ₹156.73 | +43% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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