Case study

ECLERX

Eclerx Services Limited

Worth a closer look1y model +4.7%

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

68Score

Eclerx Services Limited (ECLERX) Stock Analysis & Case Study

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

Eclerx Services Limited (ECLERX) trades at ₹1,769,on the numbers it worth a closer look, a Downstox Snapshot Score of 68/100.

On the numbers, Eclerx Services Limited (ECLERX) worth a closer look, a Downstox Snapshot Score of 68/100, weighing fairly valued at 22.8× earnings, ROE of 29.0%, a 54% 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 2027-2031.

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

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

Market cap
₹16,639 Cr
Current price
₹1,769
P/E ratio
22.8×
P/B ratio
6.50×
Book value
₹272
Dividend yield
0.06%
ROCE
34.8%
ROE
29.0%
Piotroski F-Score
6/8

How ECLERX ranks against the 2,373 companies in our screener

Is ECLERX overvalued? ECLERX P/E vs peers

ECLERX trades at 22.8× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

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 9.8y of ECLERX history (12%/yr drift, 44%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
ECLERX 2027₹1,060₹1,853₹3,240+5%
ECLERX 2028₹900₹1,941₹4,186+10%
ECLERX 2029₹791₹2,033₹5,222+15%
ECLERX 2030₹724₹2,129₹6,263+20%
ECLERX 2031₹671₹2,230₹7,411+26%

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?

54%
Higher in 1 year
Modelled chance the price is above today in 12 months
60%
Higher in 5 years
Modelled chance the price is above today in 5 years
32%
Doubles in 5 years
Modelled chance of reaching ₹3,538 within 5 years

The bull case for ECLERX

  • ECLERX's P/E of 22.8x is lower than 57% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • ECLERX's return on equity of 29.0% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • ECLERX's return on capital employed of 34.8% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹5,222.

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 ₹791.

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

Over the last 9.8 years ECLERX compounded at 12%/year with annualized volatility of 44%. That volatility implies a 1-year 80% range of ₹1,060-₹3,240, the honest backbone behind any single price target.

ECLERX price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 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)
4.7%
80% range₹1,060-₹3,240
P(price ↑)54%
P(price 2×)6%
3-Year Forecast
2029
₹0
Median (P50)
14.9%
80% range₹791-₹5,222
P(price ↑)58%
P(price 2×)22%
5-Year Forecast
2031
₹0
Median (P50)
26.0%
80% range₹671-₹7,411
P(price ↑)60%
P(price 2×)32%

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: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ECLERX scores 6/8, mixed financial health.

ECLERX MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy ECLERX with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Zerodha36.67%2.7×
Groww36.64%2.7×
Dhan64.00%1.6×
Kotak Neo50.00%2.0×
Paytm Money100.00%1.0×
PocketfulCHEAPEST35.69%2.8×
Fyers62.50%1.6×
Anand Rathi50.00%2.0×
Bajaj Broking64.00%1.6×
Share India36.64%2.7×

Compare every broker on the ECLERX MTF page.

About Eclerx Services Limited: sector, index & market-cap context

Eclerx Services Limited (ECLERX) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹16,639 Cr. See more stocks on our screener.

How the ECLERX Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Eclerx Services Limited'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 Limited (ECLERX) a good buy?

On the numbers, Eclerx Services Limited (ECLERX) worth a closer look, a Downstox Snapshot Score of 68/100, weighing fairly valued at 22.8× earnings, ROE of 29.0%, a 54% 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 22.8× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the ECLERX share price target for 2031?

ECLERX's probability-weighted 2031 median target is ₹2,230, with an 80% range of ₹671-₹7,411 (10,000-path Monte-Carlo).

What is the probability ECLERX doubles in 5 years?

The modelled probability of ECLERX reaching ₹3,538 (2×) within 5 years is 32%.

What is the bull case for ECLERX?

ECLERX's P/E of 22.8x is lower than 57% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. ECLERX's return on equity of 29.0% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. ECLERX's return on capital employed of 34.8% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

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