CRISIL Equities has assigned a CRISIL IER fundamental grade of 4/5 to eClerx Services. The grade indicates that the company’s fundamentals are superior relative to other listed equity securities in India. CRISIL Equities has assigned a valuation grade of 3/5 to the company, indicating that market price is ‘aligned’ with the fair value.
The assigned fundamental grade showcases eClerx’s strong domain focus, niche service offering and the resultant client stickiness. This has enabled it to grow at a much faster pace than the industry in past and is expected to support its future growth as well.
eClerx Services’ portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. It provides service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes.
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