Financials eClerx Services Limited

Equities

ECLERX

INE738I01010

Business Support Services

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
2,431 INR -0.99% Intraday chart for eClerx Services Limited +0.93% -6.21%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,427 13,514 37,509 78,114 61,853 117,230 - -
Enterprise Value (EV) 1 37,068 5,812 30,316 71,238 54,961 105,149 101,833 98,073
P/E ratio 19.1 x 6.38 x 13.6 x 19.5 x 13.3 x 22.8 x 20.4 x 17.5 x
Yield 0.09% 0.27% 0.09% 0.04% 0.08% 0.04% 0.04% 0.04%
Capitalization / Revenue 3.11 x 0.94 x 2.4 x 3.62 x 2.34 x 4.01 x 3.61 x 3.22 x
EV / Revenue 2.59 x 0.4 x 1.94 x 3.3 x 2.08 x 3.6 x 3.14 x 2.69 x
EV / EBITDA 12.1 x 1.8 x 6.77 x 10.8 x 7.61 x 13.2 x 11.7 x 9.88 x
EV / FCF 24.1 x 1.95 x 9.31 x 18.4 x 12.6 x 23.3 x 20.4 x 17.4 x
FCF Yield 4.16% 51.4% 10.7% 5.44% 7.94% 4.3% 4.9% 5.75%
Price to Book 3.14 x 1.01 x 2.56 x 5.01 x 3.61 x 5.43 x 4.68 x 4.01 x
Nbr of stocks (in thousands) 58,067 55,475 51,009 49,414 47,933 48,231 - -
Reference price 2 765.1 243.6 735.3 1,581 1,290 2,431 2,431 2,431
Announcement Date 5/23/19 6/9/20 6/10/21 5/24/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,306 14,376 15,645 21,603 26,479 29,217 32,454 36,422
EBITDA 1 3,076 3,235 4,480 6,606 7,222 7,947 8,716 9,931
EBIT 1 2,629 2,526 3,664 5,574 6,082 6,685 7,490 8,512
Operating Margin 18.38% 17.57% 23.42% 25.8% 22.97% 22.88% 23.08% 23.37%
Earnings before Tax (EBT) 1 3,115 2,805 3,806 5,605 6,530 6,980 7,756 8,960
Net income 1 2,283 2,090 2,826 4,174 4,888 5,212 5,772 6,669
Net margin 15.96% 14.54% 18.06% 19.32% 18.46% 17.84% 17.79% 18.31%
EPS 2 39.99 38.17 54.19 81.05 97.15 106.4 118.9 139.2
Free Cash Flow 1 1,540 2,985 3,257 3,873 4,366 4,520 4,987 5,644
FCF margin 10.77% 20.76% 20.82% 17.93% 16.49% 15.47% 15.37% 15.49%
FCF Conversion (EBITDA) 50.07% 92.26% 72.71% 58.63% 60.45% 56.88% 57.22% 56.83%
FCF Conversion (Net income) 67.48% 142.83% 115.28% 92.8% 89.32% 86.72% 86.4% 84.62%
Dividend per Share 2 0.6667 0.6667 0.6667 0.6667 1.000 1.000 1.000 1.000
Announcement Date 5/23/19 6/9/20 6/10/21 5/24/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 3,943 4,728 4,863 5,233 5,592 5,917 6,178 6,503 6,867 6,931 6,845 7,082 7,503 7,569
EBITDA 1 1,121 1,525 1,412 1,651 1,724 1,820 1,435 1,813 1,905 2,069 1,673 1,817 2,164 2,052
EBIT 1 918.6 1,281 1,175 1,399 1,460 1,540 1,186 1,539 1,606 1,751 1,389 1,582 1,847 1,801
Operating Margin 23.29% 27.08% 24.16% 26.74% 26.1% 26.03% 19.2% 23.67% 23.39% 25.26% 20.29% 22.35% 24.62% 23.79%
Earnings before Tax (EBT) 959.4 1,289 1,215 1,353 1,449 1,587 1,355 1,698 1,732 1,745 - 1,695 1,938 -
Net income 1 710.4 987.5 913.1 1,007 1,066 1,188 992 1,259 1,312 1,325 1,063 1,206 1,421 1,395
Net margin 18.02% 20.89% 18.78% 19.25% 19.06% 20.07% 16.06% 19.36% 19.1% 19.12% 15.53% 17.03% 18.94% 18.43%
EPS 2 13.86 19.21 17.70 19.31 20.76 23.44 19.63 24.93 26.01 26.66 21.82 24.67 29.16 28.66
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/28/21 6/10/21 8/13/21 11/2/21 2/2/22 5/24/22 8/9/22 11/10/22 2/2/23 5/25/23 8/9/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 7,359 7,702 7,192 6,876 6,891 12,081 15,398 19,158
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,540 2,985 3,257 3,873 4,366 4,520 4,987 5,644
ROE (net income / shareholders' equity) 17.7% 15.6% 20.1% 27.2% 29.8% 26.6% 24.8% 25%
ROA (Net income/ Total Assets) 15.1% 12.5% - - - - - -
Assets 1 15,141 16,666 - - - - - -
Book Value Per Share 2 244.0 241.0 287.0 316.0 357.0 448.0 520.0 607.0
Cash Flow per Share 36.10 60.80 - - - - - -
Capex 1 521 343 388 608 684 1,577 1,486 1,626
Capex / Sales 3.64% 2.39% 2.48% 2.82% 2.58% 5.4% 4.58% 4.46%
Announcement Date 5/23/19 6/9/20 6/10/21 5/24/22 5/25/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
2,431 INR
Average target price
2,825 INR
Spread / Average Target
+16.24%
Consensus
  1. Stock Market
  2. Equities
  3. ECLERX Stock
  4. Financials eClerx Services Limited