eClerx Services Ltd Q1 FY26: Analytics Kings or Just Spreadsheets in Suits?
Date of Publishing -
Spotted a factual error — a wrong number, date, or fact? Tell us and we will check the source.
1. At a Glance
eClerx just posted a decent Q1 FY26 with ₹142 Cr PAT and 24% EBITDA margin—but is the ₹17,900 Cr market cap justified? They serve top global names, but a P/E of 31.5 and 7.8x book means this BPO ain’t running on low-cost labour anymore—it’s billing like a Big 4 consultant.
2. Introduction with Hook
Imagine if Excel became sentient and started charging Fortune 500s $100/hr. That’s eClerx. They clean, crunch, and automate data for some of the biggest brands on Earth—and they charge like they invented pivot tables.
Stat Check:
5-Year PAT CAGR = 21%
Last quarter OPM = 24%
Book Value = ₹470; CMP = ₹3,659 (so… multiple expansion took steroids)
3. Business Model (WTF Do They Even Do?)
eClerx isn’t your cousin’s call center. They offer:
Customer Ops: Technical support, digital care, sales enablement
