Case study

ECLERX

eClerx Services

Worth a closer look1y model +0.5%

Each stock's 10,000-path forecast, rendered as light.

0Score

eClerx Services (ECLERX) Stock Analysis & Case Study

Is ECLERX a good buy? The data-driven verdict.

eClerx Services (ECLERX) trades at ₹1,450,on the numbers it worth a closer look, a Downstox Snapshot Score of 68/100.

On the numbers, eClerx Services (ECLERX) worth a closer look, a Downstox Snapshot Score of 68/100, weighing fairly valued at 19.3× earnings, ROE of 29.0%, a 50% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

ECLERX fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹13,648 Cr
Current price
₹1,450
P/E ratio
19.3×
P/B ratio
5.33×
Book value
₹272
Dividend yield
0.03%
ROCE
34.8%
ROE
29.0%
Piotroski F-Score
4/9

Is ECLERX overvalued? ECLERX P/E vs its sector

ECLERX's P/E of 19.3× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 0.03% dividend yield is below the peer median of 1.65%.

ECLERX P/E
19.3×
Peer median P/E
15.9×
ECLERX div yield
0.03%
Peer median yield
1.65%

ECLERX share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of ECLERX history (9%/yr drift, 41%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
ECLERX 2027₹840₹1,426₹2,437+1%
ECLERX 2028₹687₹1,456₹3,031+3%
ECLERX 2029₹588₹1,469₹3,577+4%
ECLERX 2030₹521₹1,466₹4,148+3%
ECLERX 2031₹461₹1,486₹4,739+5%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability ECLERX goes up, or doubles?

50%
Higher in 1 year
Modelled chance the price is above today in 12 months
52%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹2,837 within 5 years

The bull case for ECLERX

  • A 19.3× P/E sits in the fair-value band, neither cheap nor stretched.
  • High return on equity (29.0%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (34.8%) shows the core business earns well above its cost of capital.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,577.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹588.

ECLERX volatility & expected range, how bumpy is the ride?

Over the last 2.0 years ECLERX compounded at 9%/year with annualized volatility of 41%. That volatility implies a 1-year 80% range of ₹840₹2,437, the honest backbone behind any single price target.

ECLERX price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
0.5%
80% range₹840–₹2,437
P(price ↑)50%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
3.5%
80% range₹588–₹3,577
P(price ↑)52%
P(price 2×)17%
5-Year Forecast
2031
₹0
Median (P50)
4.7%
80% range₹461–₹4,739
P(price ↑)52%
P(price 2×)24%

ECLERX price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
ECLERX simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds ECLERX hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the ECLERX price target & forecast page.

ECLERX Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. ECLERX scores 4/9,mixed financial health.

ECLERX MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy ECLERX with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST35.4%2.8×
ZerodhaCHEAPEST35.4%2.8×
DhanCHEAPEST35.4%2.8×

Compare every broker on the ECLERX MTF page.

ECLERX vs peers,sector comparison

StockP/EDiv yieldMarket cap
ECLERX (this stock)19.3×0.03%₹13,648 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About eClerx Services: sector, index & market-cap context

eClerx Services (ECLERX) is a small-cap NSE-listed company, and a constituent of the Nifty 200 index group, with a market capitalisation of ₹13,648 Cr. See more Nifty 200 stocks.

How the ECLERX Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of eClerx Services's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

ECLERX analysis, FAQs

Is eClerx Services (ECLERX) a good buy?

On the numbers, eClerx Services (ECLERX) worth a closer look, a Downstox Snapshot Score of 68/100, weighing fairly valued at 19.3× earnings, ROE of 29.0%, a 50% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is ECLERX overvalued or undervalued?

ECLERX trades at 19.3× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the ECLERX share price target for 2031?

ECLERX's probability-weighted 2031 median target is ₹1,486, with an 80% range of ₹461₹4,739 (10,000-path Monte-Carlo).

What is the probability ECLERX doubles in 5 years?

The modelled probability of ECLERX reaching ₹2,837 (2×) within 5 years is 24%.

What is the bull case for ECLERX?

A 19.3× P/E sits in the fair-value band, neither cheap nor stretched. High return on equity (29.0%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (34.8%) shows the core business earns well above its cost of capital.

What are the risks in ECLERX?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on ECLERX