1:1 Bonus Issue: IT Stock Sets Record Date for Bonus Shares

Synopsis: Leading analytics firm with a market capitalisation of over Rs. 14,000 crore is rewarding its shareholders with a 1:1 ratio of fourth bonus issue in its listed history, which is backed by record quarterly revenue of Rs.1,070 crore, and net profit has increased 40% in Q3 FY26.

The shares of one of the leading analytics, automotion and Business process outsourcing firms saw their shares in focus after the board of directors declare bonus issue of 1:1.

With a market capitalization of Rs. 14,100 Crores, the shares of eClerx Services Ltd were trading at Rs. 2,996 down 0.84 percent from its previous day’s close price of Rs. 3,021. Over the year it has delivered a return of 12 percent.

The stock stands at an approximate of Rs.3,000 with a P/E of about 22x as opposed to industry P/E of 23-25x, hence it is currently trading around the fair value as opposed to 52 weeks ago when it was at its highest price of Rs.4,995.

Bonus Issue Update

Further to its earlier disclosure dated January 28, 2026, the board of directors of eClerx Services Ltd has approved a bonus issue of 1:1, where one additional share will be issued for holding one equity share with a face value of Rs. 10 as on the record date

The date on which the records are taken will be 13 March 2026; that is, investors who will own the stock on this date will receive the bonus shares. Distribution will be done on March 16, and the new shares will begin trading on March 17.

This will mark the fourth bonus issue in the company after it has issued bonuses in the past, which include 2010, 2015, and 2022, and were based on its good financial performance and its shareholder-friendly nature.

Business & Financial Overview

Founded in 2000 and based in Mumbai, eClerx Services Ltd. offers business process and analytics services through two primary divisions: Customer Operations (analytics, automation, and digital customer support) and Financial Services Operations (trade support, settlements, and finance outsourcing).

It has over 21,000 employees in 17 countries, and its clients in the Americas, APAC, and EMEA. Finbox The AI adoption and digital transformation spend have increasingly become the driver in the global IT services industry and eClerx, with its technology-first, IP-owned delivery model, has been a steady outperformer in its mid-cap IT peer group. 

Due to the growing use of AI technologies like Agentic AI, the company reported significant growth in analytics, automation, and high-tech services. It closed new deals totaling roughly $45 million in Q3 FY26.

Financial results:

Comparing Q3 FY26 and Q3 FY25 year over year: At ₹1,070.3 crore, revenue increased by 25.4%. Margins improved to 25.8% while EBITDA rose 33.3% to ₹276.1 crore. At ₹191.8 crore, net profit increased by 39.85%. Comparing Q3 and Q2 of FY26, quarter by quarter While net profit rose by 4.8%, revenue increased by 6.5%. Overall, the findings demonstrate the company’s strong revenue growth, increasing profitability, and improving margins.

-Pranab Mohanty

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