eClerx Services share price today

eClerx Services Ltd's share price was ₹1,600.60 at the close on 6 November 2026. It has been rising for 9 weeks. That is 10.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,332 and ₹2,416, and at that close it sat 25% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today eClerx Services Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +265% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly revenue in 16 quarters and operating margin down 3 points on a year earlier.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,189 crore, +18.3% on a year earlier.

2. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,189 crore in the September 2026 quarter is the highest of the last 16 quarters.

3. Operating margin down 3 points on a year earlier

   24% in the September 2026 quarter, from 27%.

For July to September 2026 (the quarter ended 30 September 2026), eClerx Services reported revenue of ₹1,189 crore, up 18.3% from ₹1,005 crore a year earlier, and a profit of ₹181 crore, down 1.1% from ₹183 crore.

eClerx Services results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

eClerx Services' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

eClerx Services closed at ₹1,600.60 on 6 November 2026, down 25.2% from ₹2,139.75 a year earlier (7 November 2025) and up 101.4% over five years. Its highest weekly close since March 2016 was ₹2,416.10 on 5 December 2025.

eClerx Services share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: eClerx Services closed at ₹1,600.60, up 2.8% on the week and down 14.3% on the month. 29 Oct 2026: eClerx Services held its results call for July to September 2026. Management guided: CDMO revenue growth 40%-50% over last year in FY27, on track reaffirmed.

Earlier

• Results for July to September 2026: Revenue up 18.3% and profit down 1.1% on a year earlier.
• 21 Aug 2026: ex-date for a dividend of ₹1 a share.
• 13 Mar 2026: Bonus issue: 1 new share for every 1 held (ex-date).

eClerx Services paid ₹1 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.06% at the ₹1,600.60 close on 6 November 2026. The last was a dividend of ₹1 a share, ex-date 21 August 2026.

eClerx Services dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. eClerx Services Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 29 October 2026, eClerx Services' management guided: CDMO revenue growth 40%-50% over last year in FY27, on track reaffirmed.

“We remain on track to achieve our target of 40%-50% revenue growth over last year in this business segment.”Rashesh Gogri, on the call for July to September 2026

What management guided

• CDMO ambition ₹1,000 crore or 100 million whichever first over medium term.
• Xanthine full capacity by end FY27, Atali 1A-1B fully used in H2FY27 and Block 2 commercial in H2FY28.
• full-year volume up around 15% with next-year output 7,500-8,000 toward 90% use peaking near 8,800.
• API plus intermediate ₹180-200 crore quarterly base in H2 with 10%-15% yearly growth on new validations.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

When eClerx Services reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Atali 1B capitalization versus flagged timeline - confirm commissioning update and trial-batch progress for early-work line.

eClerx Services is on 2 of our India lists: Small & mid cap stocks and IT stocks.

eClerx Services Ltd earned ₹181 Cr of net profit in the Sep 2026 quarter, −1.1% on the same quarter a year earlier. Full-year FY26 profit was ₹706 Cr. Over 10 years profit has grown 7.5% a year on average. That is 15.2% of the quarter's revenue. The same quarter a year earlier earned ₹183 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹706 Cr (+30.5% on the year before).

Why profit moved: revenue changed +18.3% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +19.7% and revenue +22.5%. Profit and revenue are moving at about the same pace.

eClerx Services Ltd reported ₹1,189 Cr of revenue in the Sep 2026 quarter, +18.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 12.1% a year on average. The last full year, FY26, came in at ₹4,117 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,518 Cr.

FY26 revenue was ₹4,117 Cr, +22.3% on the year before.

Recent pace: the last four quarters grew +22.5% on average, against 12.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +22.4%, against +20.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +18.2%, against +18.1% a year (stabilising).

eClerx Services Ltd's operating margin was 24.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 22.0% and 42.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 117% of eClerx Services Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹873 Cr of operating cash against ₹706 Cr of profit. After ₹260 Cr of spending on assets, ₹613 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 117% of profit came in as cash: the cash cycle got 22 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.

eClerx Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 90 days in FY26, up from 68 days in FY21. It spent ₹707 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,117 Cr, each day of that cycle ties up about ₹11.3 Cr, so roughly ₹1,015 Cr is tied up in the business at any time.

Spending on assets: ₹707 Cr over the last 3 years, against ₹442 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹5.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

eClerx Services Ltd's P/E is 20.8×, in the middle of its own history: higher than 68% of past readings. Its usual P/E (the middle reading) is 17.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.