eClerx Services cash flow

Latest FY26

Cash from operations: ₹873cr+33.4% on FY25
Capital spending: ₹119cr−1.9% on FY25
Free cash flow: ₹754cr+41.5% on FY25
Cash from financing: −₹622cr−₹610 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	175	143	148	114
	—	42.1	34.9	23.5	21.2
	—	−34.2	−27.2	−22.9	−8.8
	—	−3.2	−2.1	0.0	−0.0
	—	1.4	12.9	−5.1	−3.7
	—	36.3	40.5	18.8	7.4
	—	57.4	8.1	0.0	−9.6
	—	0.1	−30.0	−1.2	0.0
	—	−12.8	0.0	2.1	0.0
	—	0.1	1.5	−7.5	−15.5
	—	−0.4	0.4	−0.2	0.1
	—	−237	−93.0	−55.2	−112
	—	0.0	3.4	0.0	0.0
	—	25.9	0.0	−8.3	−25.1
	—	−13.5	−45.8	−69.8	22.0
	—	0.0	0.0	−53.5	0.0
	—	53.1	0.0	0.0	19.8
	—	0.0	21.4	0.0	0.0
	—	0.0	0.0	−11.6	0.0
	—	0.0	0.0	50.5	8.4
	—	72.7	31.5	1.0	0.0
Cash from operating activities
	958	935	719	689	653
	—	164	100	8.9	17.8
	—	1,099	819	698	671
	—	225	164	172	178
	—	873	655	526	493
Cash from investing activities
	—	119	121	67.4	90.8
	—	1.2	0.0	3.1	0.7
	—	0.0	6.3	0.0	0.0
	—	0.0	0.0	0.0	10.3
	—	2,187	2,235	2,111	1,602
	—	2,198	2,453	1,667	1,548
	—	3.2	2.1	0.0	0.0
	—	29.6	25.1	20.6	6.5
	—	−67.4	0.0	−0.0	63.5
	—	−141	131	−488	−84.4
Cash from financing activities
	—	32.4	30.1	15.0	21.9
	—	300	476	45.9	296
	—	0.0	0.0	0.0	38.3
	—	0.0	0.0	0.0	0.8
	—	0.0	0.0	1.0	0.0
	—	54.2	36.2	45.8	39.1
	—	42.7	34.9	23.5	21.1
	—	4.7	4.7	4.8	3.3
	—	−252	−87.6	−0.6	−65.1
	—	−622	−610	−107	−440
	—	111	176	−68.5	−31.9
	—	44.0	12.2	4.4	29.6
	—	155	188	−64.1	−2.3
	—	—	—	354	418
Reference items
	1,109	1,051	808	775	722
	24.5%	25.5%	24.0%	26.5%	27.3%
	754	754	533	459	402
	—	712	498	434	—
	₹81.97	₹81.97	₹57.93	₹49.82	₹43.66
	22.90×	—	—	—	—
	—	1.24×	1.21×	1.03×	1.01×
	—	225	164	172	178
	—	42.7	34.9	23.5	21.1

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ECLERX₹1,877.10

eClerx Services Ltd.

· Consumer Services

₹ CrorePeersFSL DATAMATICS EIHOTEL CHALET CARTRADE BLUEDART IGIL INDIAMARTMcap ₹17,275 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	114.0	148.3	143.4	175.4	—
+ Finance Costs	21.2	23.5	34.9	42.1	—
+ Interest Income	-8.8	-22.9	-27.2	-34.2	—
+ Dividend Income	-0.0	0.0	-2.1	-3.2	—
+ Fair Value (Gains) / Losses	-3.7	-5.1	12.9	1.4	—
+ Share-based Payments	7.4	18.8	40.5	36.3	—
+ Unrealised FX (Gain) / Loss	-9.6	0.0	8.1	57.4	—
+ Other Non-cash Items	0.0	-1.2	-30.0	0.1	—
+ Other — Cash Effects are Investing / Financing	0.0	2.1	0.0	-12.8	—
+ Other Reconciling Items	-15.5	-7.5	1.5	0.1	—
Changes in Working Capital
+ Inventories	0.1	-0.2	0.4	-0.4	—
+ Trade Receivables — Current	-112.4	-55.2	-93.0	-236.7	—
+ Other Financial Assets — Current	0.0	0.0	3.4	0.0	—
+ Other Financial Assets — Non-current	-25.1	-8.3	0.0	25.9	—
+ Other Current Assets	22.0	-69.8	-45.8	-13.5	—
+ Other Non-current Assets	0.0	-53.5	0.0	0.0	—
+ Trade Payables — Current	19.8	0.0	0.0	53.1	—
+ Trade Payables — Non-current	0.0	0.0	21.4	0.0	—
+ Other Financial Liabilities — Current	0.0	-11.6	0.0	0.0	—
+ Other Current Liabilities	8.4	50.5	0.0	0.0	—
+ Provisions — Current	0.0	1.0	31.5	72.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	653.0	689.3	718.5	935.1	957.6
+ Total Adjustments (incl. Working Capital)	17.8	8.9	100.1	163.6	—
Cash from Operations (pre-tax)	670.8	698.2	818.6	1,098.8	—
+ Income Taxes Paid	178.2	172.3	164.0	225.3	—
Cash from Operating Activities	492.6	525.9	654.6	873.5	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	90.8	67.4	121.5	119.1	—
+ Disp of Fixed Assets	0.7	3.1	0.0	1.2	—
+ Disp of Investment Property	0.0	0.0	6.3	0.0	—
+ Acq of Other Long-term Assets	10.3	0.0	0.0	0.0	—
+ Purchase of Investments (Equity / Debt)	1,601.7	2,110.9	2,235.0	2,186.8	—
+ Sale of Investments (Equity / Debt)	1,547.7	1,666.7	2,453.5	2,198.5	—
+ Dividends Received — Investing	0.0	0.0	2.1	3.2	—
+ Interest Received — Investing	6.5	20.6	25.1	29.6	—
+ Other Inflows / (Outflows) — Investing	63.5	-0.0	0.0	-67.4	—
Cash from Investing Activities	-84.4	-487.9	130.5	-140.8	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	21.9	15.0	30.1	32.4	—
+ Buyback / Redemption of Own Shares	295.8	45.9	476.3	300.0	—
+ Payments — Change in Ownership of Subsidiaries	38.3	0.0	0.0	0.0	—
+ Proceeds from Borrowings	0.8	0.0	0.0	0.0	—
+ Repayment of Borrowings	0.0	1.0	0.0	0.0	—
+ Payment of Lease Liabilities	39.1	45.8	36.2	54.2	—
+ Interest Paid	21.1	23.5	34.9	42.7	—
+ Dividends Paid	3.3	4.8	4.7	4.7	—
+ Other Inflows / (Outflows) — Financing	-65.1	-0.6	-87.6	-252.3	—
Cash from Financing Activities	-440.1	-106.5	-609.6	-621.6	—
Net Changes in Cash (pre-FX)	-31.9	-68.5	175.5	111.1	—
+ Effect of FX Rate Changes on Cash	29.6	4.4	12.2	44.0	—
Net Changes in Cash	-2.3	-64.1	187.7	155.1	—
Closing Cash	418.0	354.0	—	—	—
Reference Items
EBITDA	722.2	774.8	808.1	1,051.4	1,109.0
EBITDA Margin %	27.28	26.48	24.01	25.54	24.54
Free Cash Flow (CFO − Capex)	401.8	458.5	533.1	754.3	754.3
Free Cash Flow to Equity	—	434.0	498.3	711.6	—
Free Cash Flow per Basic Share	43.66	49.82	57.93	81.97	81.97
Price to Free Cash Flow	—	—	—	—	22.90
Cash Flow to Net Income	1.01	1.03	1.21	1.24	—
Cash Paid for Taxes	178.2	172.3	164.0	225.3	—
Cash Paid for Interest	21.1	23.5	34.9	42.7	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.