ICICI Direct's research report on eClerx Services
eClerx Services (eClerx) provides business process management, automation and analytics services. It caters to financial services, communications, retail, media, manufacturing, travel and technology companies • OCF to EBITDA of >80%, debt free and RoCE of >20%.
Outlook
We maintain our BUY rating on the stock. We value eClerx at Rs 2,500 i.e. 16x P/E on FY24E EPS.
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