eClerx ServicesNSE:ECLERX -1.52%88 Gross Margin % is 36.19% as of Mar. 2026, which is 13% below its 10-year median of 41.37. GuruFocus rates NSE:ECLERX with a GF Score™ of 88/100 and a GF Value™ of ₹1,992.73 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,680 Software companies, eClerx Services ranks worse than 54.74% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
eClerx Services had a gross margin of 36.19% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
eClerx Services Gross Margin % Related Terms
eClerx Services Gross Margin % Historical Data
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The historical data trend for eClerx Services's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ECLERX vs IBM, ACN, FISV: Gross Margin % Comparison
For the Information Technology Services subindustry, eClerx Services's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
eClerx Services Gross Margin % vs Software Industry
For the Software industry and Technology sector, eClerx Services's Gross Margin % distribution charts can be found below:
* The bar in red indicates where eClerx Services's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
eClerx Services (NSE:ECLERX) has a Gross Margin % of 36.19% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on eClerx Services and its competitors. This is 13% below median its historical median of 41.37. Over the past decade, eClerx Services' Gross Margin % has ranged from 36.21 to 51.15. According to the industry distribution chart, eClerx Services ranks #1467 out of 2680 companies in the Software industry, placing it in the top 54.7%.
Is eClerx Services' Gross Margin % too high?
eClerx Services' current Gross Margin % of 36.19% is 13% below median its 10-year median of 41.37. Over the past 10 years, this metric has ranged from a low of 36.21 to a high of 51.15. The Software industry median Gross Margin % is 40.45. eClerx Services' value of 36.19% is 10.5% below this industry median. Based on the distribution chart, eClerx Services ranks #1467 out of 2680 companies in the Software industry, which is below the industry midpoint. Overall, eClerx Services has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does eClerx Services' Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, eClerx Services ranks #1467 out of 2680 companies for Gross Margin %. This places eClerx Services in the lower half of its industry. The industry median Gross Margin % is 40.45. eClerx Services' value of 36.19% is 10.5% below this benchmark. Historically, eClerx Services' own Gross Margin % has ranged from 36.21 to 51.15 over the past decade. While the company's 10-year median is 41.37 vs. the industry median of 40.45, eClerx Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. eClerx Services's current Gross Margin % of 36.19% is 10.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on eClerx Services and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eClerx Services's current Gross Margin % is 36.19%, which is 13% below median its own 10-year median of 41.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eClerx Services stock overvalued right now?
Based on GuruFocus' analysis, eClerx Services (NSE:ECLERX) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,992.73, compared to a current price of ₹1,324.90 — trading 33.5% below its estimated fair value. The current Gross Margin % is 36.19%, which is 13% below median its 10-year median of 41.37 and 10.5% below the Software industry median of 40.45. eClerx Services' overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For eClerx Services (NSE:ECLERX), the current Gross Margin % is 36.19% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is eClerx Services (NSE:ECLERX) Overvalued in 2026?
Based on GuruFocus' analysis, eClerx Services stock appears to be undervalued.
The current stock price of ₹1,324.90 is trading 33.5% below its estimated GF Value™ of ₹1,992.73.
GuruFocus considers eClerx Services to be Significantly Undervalued.
Key valuation signals for NSE:ECLERX:
Gross Margin %: 36.19% (13% below median its 10-year median of 41.37)
GF Value™: ₹1,992.73 vs. price of ₹1,324.90 (33.5% below fair value)
Industry Position: 10.5% below the Software median (#1467 of 2680)
No single metric tells the full story. See the NSE:ECLERX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
eClerx Services Ltd provides a variety of information technology, or IT, and knowledge and business process outsourcing services. The firm's financial services include expense management and accounting and finance, digital marketing services that include customer relationship management and business intelligence, market intelligence, financial market operations, finance and accounting, and other services. The geographical segments of the company are North America, United Kingdom, Europe, and Asia Pacific.
88GF Score
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