eClerx Services Limited (ECLERX) - Net Assets

Latest as of March 2026: Rs25.64 Billion INR ≈ $277.31 Million USD

Based on the latest financial reports, eClerx Services Limited (ECLERX) has net assets worth Rs25.64 Billion INR (≈ $277.31 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs36.97 Billion ≈ $399.82 Million USD) and total liabilities (Rs11.33 Billion ≈ $122.51 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore eClerx Services Limited total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs25.64 Billion
% of Total Assets	69.36%
Annual Growth Rate	42.04%
5-Year Change	63.45%
10-Year Change	110.91%
Growth Volatility	229.85

eClerx Services Limited - Net Assets Trend (2003–2026)

This chart illustrates how eClerx Services Limited's net assets have evolved over time, based on quarterly financial data. Check eClerx Services Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for eClerx Services Limited (2003–2026)

The table below shows the annual net assets of eClerx Services Limited from 2003 to 2026. For live valuation and market cap data, see eClerx Services Limited (ECLERX) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs25.64 Billion ≈ $277.31 Million	+11.10%
2025-03-31	Rs23.08 Billion ≈ $249.60 Million	+2.60%
2024-03-31	Rs22.49 Billion ≈ $243.27 Million	+31.05%
2023-03-31	Rs17.17 Billion ≈ $185.64 Million	+9.42%
2022-03-31	Rs15.69 Billion ≈ $169.66 Million	+4.47%
2021-03-31	Rs15.02 Billion ≈ $162.40 Million	+14.91%
2020-03-31	Rs13.07 Billion ≈ $141.33 Million	-5.43%
2019-03-31	Rs13.82 Billion ≈ $149.45 Million	+14.65%
2018-03-31	Rs12.05 Billion ≈ $130.35 Million	-0.86%
2017-03-31	Rs12.16 Billion ≈ $131.48 Million	+11.86%
2016-03-31	Rs10.87 Billion ≈ $117.54 Million	+52.04%
2015-03-31	Rs7.15 Billion ≈ $77.31 Million	+21.38%
2014-03-31	Rs5.89 Billion ≈ $63.69 Million	+34.36%
2013-03-31	Rs4.38 Billion ≈ $47.40 Million	+27.72%
2012-03-31	Rs3.43 Billion ≈ $37.12 Million	+43.97%
2011-03-31	Rs2.38 Billion ≈ $25.78 Million	+19.26%
2010-03-31	Rs2.00 Billion ≈ $21.62 Million	+20.66%
2009-03-31	Rs1.66 Billion ≈ $17.91 Million	+24.77%
2008-03-31	Rs1.33 Billion ≈ $14.36 Million	+352.36%
2007-03-31	Rs293.50 Million ≈ $3.17 Million	+144.44%
2006-03-31	Rs120.07 Million ≈ $1.30 Million	+86.73%
2005-03-31	Rs64.30 Million ≈ $695.38K	+1106.38%
2004-03-31	Rs5.33 Million ≈ $57.64K	-33.46%
2003-03-31	Rs8.01 Million ≈ $86.63K	--

Equity Component Analysis

This analysis shows how different components contribute to eClerx Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs920.30 Million	3.59%
Other Components	Rs24.69 Billion	96.41%
Total Equity	Rs25.61 Billion	100.00%

eClerx Services Limited Competitors by Market Cap

The table below lists competitors of eClerx Services Limited ranked by their market capitalization.

Company	Market Cap
Jinke Property Group Co Ltd SHE:000656	$1.91 Billion
Pitney Bowes Inc NYSE:PBI	$1.91 Billion
Charter Hall Long Wale REIT AU:CLW	$1.91 Billion
Compania Nationala de Transport al Energiei Electrice Transelectrica SA RO:TEL	$1.92 Billion
Tower Bersama Infrastructure Tbk PT JK:TBIG	$1.91 Billion
Thai President Foods Public Company Limited BK:TFMAMA	$1.91 Billion
Jiangsu Guotai International Group Guomao Co Ltd SHE:002091	$1.91 Billion
AG Anadolu Group Holding IS:AGHOL	$1.91 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in eClerx Services Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 23,057,620,000 to 25,613,980,000, a change of 2,556,360,000 (11.1%).
Net income of 7,062,110,000 contributed positively to equity growth.
Dividend payments of 46,980,000 reduced retained earnings.
Share repurchases of 5,492,440,000 reduced equity.
New share issuances of 324,120,000 increased equity.
Other comprehensive income decreased equity by 2,855,260,000.
Other factors increased equity by 3,564,810,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs7.06 Billion	+27.57%
Dividends Paid	Rs46.98 Million	-0.18%
Share Repurchases	Rs5.49 Billion	-21.44%
Share Issuances	Rs324.12 Million	+1.27%
Other Comprehensive Income	Rs-2.86 Billion	-11.15%
Other Changes	Rs3.56 Billion	+13.92%
Total Change	Rs-	11.09%

Book Value vs Market Value Analysis

This analysis compares eClerx Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 7.12x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 27168.31x to 7.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-03-31	Rs0.07	Rs1922.20	x
2004-03-31	Rs0.05	Rs1922.20	x
2005-03-31	Rs0.57	Rs1922.20	x
2006-03-31	Rs1.06	Rs1922.20	x
2007-03-31	Rs2.59	Rs1922.20	x
2008-03-31	Rs12.59	Rs1922.20	x
2009-03-31	Rs14.52	Rs1922.20	x
2010-03-31	Rs16.82	Rs1922.20	x
2011-03-31	Rs19.80	Rs1922.20	x
2012-03-31	Rs28.46	Rs1922.20	x
2013-03-31	Rs36.35	Rs1922.20	x
2014-03-31	Rs47.69	Rs1922.20	x
2015-03-31	Rs59.00	Rs1922.20	x
2016-03-31	Rs87.14	Rs1922.20	x
2017-03-31	Rs98.84	Rs1922.20	x
2018-03-31	Rs100.94	Rs1922.20	x
2019-03-31	Rs120.99	Rs1922.20	x
2020-03-31	Rs119.28	Rs1922.20	x
2021-03-31	Rs143.92	Rs1922.20	x
2022-03-31	Rs152.19	Rs1922.20	x
2023-03-31	Rs170.42	Rs1922.20	x
2024-03-31	Rs229.34	Rs1922.20	x
2025-03-31	Rs238.78	Rs1922.20	x
2026-03-31	Rs269.92	Rs1922.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently eClerx Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 27.57%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.15%
• Asset Turnover: 1.11x
• Equity Multiplier: 1.44x
Recent ROE (27.57%) is below the historical average (74.99%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	85.14%	3.32%	17.07x	1.50x	Rs6.02 Million
2004	616.51%	15.22%	4.10x	9.88x	Rs32.33 Million
2005	174.54%	42.31%	2.72x	1.52x	Rs105.80 Million
2006	200.25%	50.94%	1.84x	2.14x	Rs228.43 Million
2007	138.05%	47.05%	2.42x	1.21x	Rs375.84 Million
2008	33.58%	36.65%	0.73x	1.26x	Rs313.07 Million
2009	37.30%	31.32%	0.92x	1.29x	Rs452.17 Million
2010	36.79%	28.61%	1.04x	1.24x	Rs535.49 Million
2011	51.36%	35.79%	0.97x	1.48x	Rs986.01 Million
2012	46.55%	33.79%	1.02x	1.34x	Rs1.25 Billion
2013	39.15%	25.98%	1.10x	1.37x	Rs1.28 Billion
2014	43.41%	30.40%	1.06x	1.34x	Rs1.97 Billion
2015	32.13%	24.38%	0.98x	1.34x	Rs1.58 Billion
2016	31.44%	25.98%	1.04x	1.16x	Rs2.33 Billion
2017	29.13%	26.62%	0.95x	1.15x	Rs2.32 Billion
2018	24.07%	21.41%	0.95x	1.19x	Rs1.70 Billion
2019	16.53%	16.33%	0.88x	1.16x	Rs901.33 Million
2020	16.00%	14.55%	0.83x	1.33x	Rs783.62 Million
2021	18.83%	18.06%	0.78x	1.34x	Rs1.32 Billion
2022	26.63%	19.32%	1.04x	1.32x	Rs2.61 Billion
2023	28.50%	18.46%	1.16x	1.33x	Rs3.17 Billion
2024	22.76%	17.48%	1.00x	1.30x	Rs2.87 Billion
2025	23.47%	16.08%	1.07x	1.36x	Rs3.11 Billion
2026	27.57%	17.15%	1.11x	1.44x	Rs4.50 Billion

Industry Comparison

This section compares eClerx Services Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $1,837,400,970
Average return on equity (ROE) among peers: 17.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
eClerx Services Limited (ECLERX)	Rs25.64 Billion	85.14%	0.44x	$1.91 Billion
AAA Technologies Limited (AAATECH)	$239.64 Million	9.76%	0.16x	$12.57 Million
Accelya Solutions India Limited (ACCELYA)	$2.83 Billion	33.18%	0.45x	$184.33 Million
Adroit Infotech Limited (ADROITINFO)	$198.50 Million	19.06%	0.72x	$5.85 Million
Airan Limited (AIRAN)	$150.44 Million	4.62%	0.29x	$20.32 Million
Alankit Limited (ALANKIT)	$983.72 Million	10.04%	0.68x	$22.79 Million
Bartronics India Limited (ASMS)	$341.75 Million	17.37%	0.99x	$23.32 Million
BIRLASOFT LIMITED (BSOFT)	$6.04 Billion	15.66%	0.50x	$971.75 Million
Computer Age Management Services Limited (CAMS)	$4.51 Billion	32.35%	0.55x	$2.12 Billion
Cigniti Technologies Limited (CIGNITITEC)	$2.69 Billion	9.42%	0.43x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$387.89 Million	23.35%	0.37x	$7.84 Million

About eClerx Services Limited

NSE:ECLERX India Information Technology Services

Market Cap

$1.91 Billion

Rs176.89 Billion INR

Market Cap Rank

#6229 Global

#284 in India

Share Price

Rs1922.20

Change (1 day)

+4.16%

52-Week Range

Rs1324.90 - Rs4947.00

All Time High

Rs4947.00