Sales have grown from around Rs.205 million to around Rs.1k million from 2003 to 2009. Profits have grown from around Rs.6 million to around Rs.606 million from 2003 to 2009.
eClerx Services Ltd. has been earning a return of at least 33% on its net worth per year from 2003 to 2009. It has earnings per share of around Rs.29 in the last 12 months.
eClerx Services Ltd. has a cash and bank balance of around Rs.189 million. It has net current assets of around Rs.469 million. It has investments of around Rs.984 million. It has a net worth of around Rs.1k million. It has a market capitalization of around Rs.7k million.
At a market price of around Rs.373.10 and earnings of around Rs.29 the initial rate of return is around 8 per cent ! The value of the company according to me should be at least Rs.600.
eClerx Services Ltd. is a Medium/Small Software company and has no debt. Competitors are OnMobile Global, Sterling International, MindTree, Core Projects and Firstsource Solutions.
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