Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>May is a result season, and hence, very few companies that are out of their silent period are eligible to permit insider trading activity</li>
<li>Sectors with notable activity include real estate, financials, media and renewable energy.</li>
<li>Most of these stocks are close to same price levels where the insider purchases happened.</li>
</ul>


May is a result season, and hence, very few companies that are out of their silent period are eligible to permit insider trading activity
Sectors with notable activity include real estate, financials, media and renewable energy.
Most of these stocks are close to same price levels where the insider purchases happened.


Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Market Cap > USD 1 Billion)

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>eClerx Services (eClerx) provides business process management, automation and analytics services.</li><li>It caters to financial services, communications, retail, media, manufacturing, travel and technology companies</li><li>OCF to EBITDA of &gt;80%, debt free and RoCE of &gt;20%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

eClerx Services (eClerx) provides business process management, automation and analytics services.It caters to financial services, communications, retail, media, manufacturing, travel and technology companiesOCF to EBITDA of &gt;80%, debt free and RoCE of &gt;20%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EClerx Services | EClerx Services (EClerx) Provides Business Process Management, Automation and A...

<ul><li>eClerx Services (eClerx) provides business process management, automation and analytics services.</li><li>It caters to financial services, communications, retail, media, manufacturing, travel and technology companies</li><li>We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value eClerx at Rs 3,000 i.e. 20x P/E on FY24E EPS.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

eClerx Services (eClerx) provides business process management, automation and analytics services.It caters to financial services, communications, retail, media, manufacturing, travel and technology companiesWe continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value eClerx at Rs 3,000 i.e. 20x P/E on FY24E EPS.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

eClerx Services Limited: Strong Client Additions

<ul><li>eClerx Services (eClerx) provides business process management, automation and analytics services.</li><li>It caters to financial services, communications, retail, media, manufacturing, travel and technology companies</li><li>We roll over valuations to FY24E and value eClerx at Rs 2900 i.e. 21x P/E on FY24E EPS</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

eClerx Services (eClerx) provides business process management, automation and analytics services.It caters to financial services, communications, retail, media, manufacturing, travel and technology companiesWe roll over valuations to FY24E and value eClerx at Rs 2900 i.e. 21x P/E on FY24E EPSContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EClerx Services Limited: Consistent Revenue Growth

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<p>India-based data management and analytics firm <a href="https://www.smartkarma.com/entities/eclerx-services-ltd" target="_blank" data-smartkarma-citation="entities:17312:1" rel="noopener">eClerx Services (ECLX IN)</a> released their public announcement document for their latest buyback after market close on 20th September 2021. The buyback was initially proposed in a board meeting on 13th August 2021 and later approved by shareholders (postal ballot) on 16th September 2021.  </p><p>The buyback price has been set at INR2,850/share and eClerx expects to buy up to 1,063,157 shares through a Tender Offer. The total size of the buyback will be approximately INR3bn (~US$41mn). </p><p><em>More below the fold. </em></p><hr><div class="content-remarks"><p><strong>For more on Indian Buybacks, please see <a href="https://www.smartkarma.com/insights/quiddity-india-buy-back-guide-2021-regulations-patterns" target="_blank" data-smartkarma-citation="insights:56892" rel="noopener">Quiddity India Buy-Back Guide 2021: Regulations &amp; Patterns</a> </strong></p></div>

India-based data management and analytics firm eClerx Services (ECLX IN) released their public announcement document for their latest buyback after market close on 20th September 2021. The buyback was initially proposed in a board meeting on 13th August 2021 and later approved by shareholders (postal ballot) on 16th September 2021.  The buyback price has been set at INR2,850/share and eClerx expects to buy up to 1,063,157 shares through a Tender Offer. The total size of the buyback will be approximately INR3bn (~US$41mn). More below the fold. For more on Indian Buybacks, please see Quiddity India Buy-Back Guide 2021: Regulations &amp; Patterns 

India

eClerx Services Limited provides business process management, automation, and analytics services across various sectors, including financial services, telecommunications, retail, fashion, media, entertainment, and manufacturing. The company offers digital, data, and customer experience solutions, including digital marketing, creative and content production, data and analytics, finance and accounting, and financial crime compliance. eClerx Services also develops technology products like robotic process automation tools and SaaS-based customer interaction repositories. The company is headquartered in Mumbai, India, and was founded in 2000.

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eClerx Services (ECLX IN)

Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Market Cap > USD 1 Billion)

May is a busy result season for companies, limiting insider trading opportunities, with notable activity in real estate, financials, media, and...

Sreemant Dudhoria

EClerx Services | EClerx Services (EClerx) Provides Business Process Management, Automation and A...

eClerx Services (eClerx) provides business process management, automation and analytics services. It caters to financial services, communications,...

ICICI Securities Limited

eClerx Services Limited: Strong Client Additions

We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value eClerx at Rs 3,000 i.e. 20x P/E on FY24E...

ICICI Securities Limited

EClerx Services Limited: Consistent Revenue Growth

The company recently acquired personiv, an outsourcing provider with over 35+ years of experience with offices in US, India and Philippines. The...

ICICI Securities Limited

EClerx Buyback: Adding Fuel to Momentum

India based data management firm eClerx Services launched a US$40mn buyback which is expected to open next month. Fundamentally, the stock appears...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Market Cap > USD 1 Billion)

​May is a busy result season for companies, limiting insider trading opportunities, with notable activity in real estate, financials, media, and...

Sreemant Dudhoria

EClerx Services | EClerx Services (EClerx) Provides Business Process Management, Automation and A...

eClerx Services (eClerx) provides business process management, automation and analytics services. It caters to financial services, communications,...

ICICI Securities Limited

eClerx Services Limited: Strong Client Additions

We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value eClerx at Rs 3,000 i.e. 20x P/E on FY24E...

ICICI Securities Limited

EClerx Services Limited: Consistent Revenue Growth

The company recently acquired personiv, an outsourcing provider with over 35+ years of experience with offices in US, India and Philippines. The...

ICICI Securities Limited

EClerx Buyback: Adding Fuel to Momentum

India based data management firm eClerx Services launched a US$40mn buyback which is expected to open next month. Fundamentally, the stock appears...

Janaghan Jeyakumar, CFA

May is a busy result season for companies, limiting insider trading opportunities, with notable activity in real estate, financials, media, and...