eClerx Services Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹18,151 Cr
- Book Value
- ₹272
- Stock P/E
- 25.7
- Dividend Yield
- 0.03%
- ROE
- 29.0%
- ROCE
- 34.8%
- PEG Ratio
- 1.19
- EV/EBITDA
- 15.4
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·eClerx Services Ltd closed at ₹1,832.90 on 19 August 2026, up 1.5% on the day, 10.1% above its 50-day average, 26.6% below its 52-week high, with volume at 0.49× its 20-session average.
- RSI 14
- 52.9
- vs 50-day SMA
- +10.1%
- vs 200-day SMA
- +0.2%
- From 52-week high
- -26.6%
- Relative volume
- 0.49×
- 20-day return
- -5.9%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
eClerx Services share price today
eClerx Services (NSE: ECLERX) does the work global banks and brands cannot stop doing: trade settlement and reconciliation for investment banks, product-data and digital operations for retailers and media companies — KPO, not IT: embedded in clients’ daily workflows, billed for outcomes, hard to displace. The margins tell you it isn’t commodity outsourcing: 25.5% operating, 34.8% ROCE.
Capital allocation is the quiet star — serial buybacks have shrunk the share count year after year, converting steady profit growth into faster EPS growth. At 25.7× with a PEG of 1.19, our valuation view is accumulate: quality-IT economics are available at a decidedly non-IT price.
Workflow embedment as a moat
When eClerx runs a bank’s OTC-derivatives settlement queue, replacing it means retraining a function the client deliberately forgot how to do — switching costs compound with every year of tenure. The financial-markets franchise (top global banks as decade-plus clients) anchors; digital operations (product catalogs, campaign ops, analytics) grows with e-commerce complexity. AI is the two-sided question: it deflates simple tasks (risk) while eClerx automates its own delivery and sells the productivity (opportunity) — its record on the latter is good.
Watch-items: client concentration among global banks, AI-driven pricing pressure on routine work, attrition in specialised teams, and the buyback cadence that underwrites EPS.
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹18,151 Cr |
| P/E (TTM) | 25.7 |
| EV/EBITDA | 15.4 |
| Operating margin | 25.5% |
| ROE / ROCE | 29.0% / 34.8% |
| Debt to equity | 0.15 |
| Sales CAGR (5y) | 21.4% |
| Profit CAGR (5y) | 21.5% |
| Promoter holding | 54.5% |
| EPS (TTM) | ₹74.68 |
eClerx share price target 2026 to 2030
EPS base ₹74.68 (TTM). Bear: AI deflation outpaces automation gains — 8% growth, multiple at 17×. Base: embedded workflows compound with buybacks — 14% growth at 23×. Bull: AI-productivity leadership wins share — 19% growth at 29×.
From ₹1,919, the base case is ≈ +72% over four and a half years; the bear is −3%. Downside that shallow with compounding that fast is the accumulate signature — the range below is where we strike it.
Reasons to own eClerx (at the right price)
- Workflow embedment: clients forget how to do what eClerx does for them.
- 35% ROCE and 25% margins — KPO economics beat commodity BPO by a class.
- Serial buybacks turn profit growth into faster EPS growth.
- 21% five-year CAGRs at a PEG of 1.19 — growth cheaper than the sector’s.
- Two-engine mix: banking operations anchor, digital ops grow.
The risks: a handful of global banks dominate revenue, AI deflates routine-task pricing industry-wide, and KPO’s people-intensity keeps wage cycles relevant.
What to weigh at the current price
At 25.7×, eClerx combines quality-IT margins with buyback-supported per-share growth; the arithmetic is attractive if client concentration remains controlled.
FAQ
What is the eClerx share price target for 2030? The table above sets out bear, base and bull scenarios for each year through 2030. These are valuation sensitivities, not promised prices.
What does eClerx actually do? Two things: run middle/back-office operations for global investment banks (settlements, reconciliations, reference data), and digital operations (product data, campaign management, analytics) for retail/media majors.
Is AI a threat to eClerx? Both edges cut: routine-task pricing deflates, but eClerx deploys automation into its own delivery and resells the gain. Its consistent margins through the AI cycle so far suggest net-neutral to positive.
When are eClerx’s next results? Check the results calendar and confirm the announced date in the relevant exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.