eClerx Services Limited Buyback 2024
1. Foundation and Services: Established in 2000, eClerx Services Limited offers process and change management, and data analytics services to enhance efficiency, productivity, and business performance for organizations.
2. Services categories: The company’s offerings are divided into three main categories: eClerx Customer Operations, eClerx Digital, and eClerx Market.
3. Employees and Production Centers: eClerx employs over 3,000 full-time staff dedicated to digital delivery across production centers in Mumbai, Pune, Chandigarh, Verona, and Phuket.
4. Industry Focus: The company provides customizable services to industries including finance, telecom, fashion, entertainment, travel, software, and high-tech sectors.
5. Global Presence: eClerx has a local presence in Mumbai and operates globally in countries such as Australia, Canada, Germany, India, Italy, the Netherlands, the Philippines, Singapore, Thailand, the UK, and the US.
6. Clientele and Expertise: Serving numerous Fortune 2000 companies, eClerx offers business process management, automation, and analytics services to top financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology firms, supported by a diverse and skilled workforce of over 16,000 professionals.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 04 2024 |
| Buyback Opening Date: | Jul 09 2024 |
| Buyback Closing Date: | Jul 15 2024 |
| Buyback Offer Amount: | ₹ 385 Cr. |
| Date of Board Meeting approving the proposal: | May 16 2024 |
| Date of Public Announcement: | May 16 2024 |
| Buyback Offer Size: | 2.80% |
| Buyback Number of Shares: | 13,75,000 |
| FV: | 10 |
| Buyback Price: | ₹ 2800 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 1,438 | 1,564 | 2,160 | 2,648 | 2,926 |
| Expenses + | 1,111 | 1,115 | 1,498 | 1,925 | 2,151 |
| Operating Profit | 326 | 450 | 662 | 723 | 775 |
| OPM % | 23% | 29% | 31% | 27% | 26% |
| Other Income + | 45 | 34 | 24 | 66 | 64 |
| Interest | 20 | 21 | 23 | 22 | 23 |
| Depreciation | 71 | 82 | 103 | 114 | 126 |
| Profit before tax | 281 | 381 | 560 | 653 | 689 |
| Tax % | 26% | 26% | 25% | 25% | 26% |
| Net Profit + | 209 | 283 | 418 | 489 | 512 |
| EPS in Rs | 37.65 | 54.03 | 82.33 | 99.71 | 104.33 |
| Dividend Payout % | 2% | 1% | 1% | 1% | 1% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 161028 | 161028 | 161028 | 161028 |
| No. of Shares Buyback | 23 | 35 | 53 | 71 |
| Buyback Profit | 12236 | 18620 | 28196 | 37772 |
| Profit% | 7.60% | 11.56% | 17.51% | 23.46% |
40 Comments
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Received amount for accepted shares but unaccepted not received back yet.
Of course, you may be aware that the unaccepted shares will be credited to your account tomorrow before 9:15 AM
Received contract note from my Broker for AR of 16 out of 60.
Record date for the buyback gone on 4.7.2024. But IZ haven’t updated on the portal
ER- 16.80%
I thinks AR will be 40-50%
You are right. My guestimate is around 44.85%
AR will be around 27-30%
3 out of 80
I Think You were in General Category. Unlucky
I also have 80 shares and sold 3 share just before 1 day so I was in Retail Category.
Yes bro
Aniket ji,
What a perfect assessment! Thank you very much for your kindness in sharing. Please continue to help.
Aniket ji,
What a perfect assessment! Thank you very much for your kindness in sharing. Please continue to help.
21/78 in my case.
July 4,2024 is record date and accordingly it will open.
Open 9th July 2024 and closing on 15 July 2024 and finalisation on 22nd July 2024
Thank you Tiwari ji.Good to know that.
Dear senior Members,
Can any one inform expected record date & opening date.for Eclrex buyback.
Made a position in Eclerx for buyback on 05.06 , 60 at 2133.40
Hoping to go in Buyback or sell at 2400
Brilliant, Sumit ji. Superb.
Made a position in Eclerx for buyback on 05.06 , 60@2133.40
Hoping to go in Buyback or sell at 2400
This one has already crossed your line by more than a great margin, Sumit ji. May I know your situation/stand now.I feel eclerx to be more prominent among the present/current lot.
Please guide me how to report profit (capital gain) in ITR-2 on sale of shares under Buyback to save Income Tax liability, Thanks in advance.
Please download the Scedule named Exempt Income before you start filing your ITR2 and declare your total gain from buyback. Simple as that.
OK, I will report capital gain from Buyback under “Any other income”? As there is no separate clause for reporting “income from Buyback”.
Buyback gain is exempt from Income tax u/s 10(34 A) read with section 115Q A. As rightly stated by you,it is not figuring in the list of Exempt Income in Schedule E I . Yes, it may be shown as “Any other income.”
Under “Exempt Income Schedule” buyback income under Section 10(34A) is not listed. Shall we show this income in other under “Exempt Income Schedule”? Please guide
Yes, please.
Bought in 2 accounts today at 2165 and 2 accounts at 2270 on Friday.
79 shares in each
Let’s see what happens , attractive size and premium so I’m expecting 20% AR minimum and more if less participants here.
AR will be around 38%, same as last trouble buybacks.
Buy maximum as per retail category and hold. It has been consistently rising since 2019. Regularly rewarding shareholders
Yes right
Around 38%, same as per last two buybacks
Exited today all at 2500.
Thanks Bhagvan , one of the best buyback of my life 🙏
AR. kitna hoga ?
Jis din election declair hota hai usi din elections ke final result ko puchana kaha tak sahi hai ?
Please wait.
Girish Ji, Analogy Zabardast hai…..
🙂 🙂
Very happy to see your return to the zone 😊. Hope to see you more often.Missing Rohit ji also since long.
Hello Gopi,
How you doing? Sorry for not being active over the last 4-6 months due to some business issues on my end. I am getting back to track slowly and will be active after couple of months.
Thank you for your kindness in enquiring about me, Rohit ji.Last fifteen months have been excellent for me in terms of gains from the market. Hope this is the case with all of us including you. Have been missing you really.Happy to know that you will be around.Wish you good luck
Enjoying the humour in the comment😀. I think AR will have a real relationship with the outcome of the election.Larger the Winners majority, greater will be the AR.