eClerx Services vs Firstsource Solutions: Share Price, Comparison and Key Differences
- August 11, 2026
- Posted by: Lakshit Sharma
- Category: News
eClerx Services MCap Rs 16,654 Cr, PE 22.84x, ROE 27.57%. Firstsource Solutions MCap Rs 19,793 Cr, PE 29.50x, ROE 17.13%.
eClerx Services vs Firstsource Solutions is a comparison business process management (BPM) investors look up when evaluating two listed Indian outsourcing companies. eClerx Services is a Mumbai-based analytics and data management company providing process automation, digital analytics and customer operations to global financial services, cable and telecom companies. Firstsource Solutions is a Mumbai-based BPM company providing customer management, healthcare revenue cycle management and mortgage processing to US and UK financial services and healthcare clients. Both eClerx vs Firstsource are mid-cap BPM companies with significant US and UK revenue bases.
This eClerx Services vs Firstsource Solutions article covers reach and market position, key products, latest declared results and stock valuation. The eClerx Services vs Firstsource Solutions data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
eClerx Services vs Firstsource Solutions: Reach and Market Position
On the eClerx Services side of the eClerx Services vs Firstsource Solutions comparison, eClerx serves financial services (securities processing, derivatives), telecom/cable (subscriber management, bill processing) and lifestyle/fashion clients in the US and Europe. Market capitalisation is Rs 16,654 Cr.
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On the Firstsource Solutions side of the eClerx Services vs Firstsource Solutions comparison, Firstsource Solutions serves banking, financial services, insurance, healthcare and utilities clients in the US, UK and India. Market capitalisation is Rs 19,793 Cr.
eClerx Services vs Firstsource Solutions: Key Products and Business Mix
In the eClerx Services vs Firstsource Solutions product comparison, eClerx Services offers: eClerx earns from data management, analytics, process automation and digital operations. EPS is Rs 77.53. PE is 22.84x, ROE 27.57 percent, D/E 0.15.
For Firstsource Solutions in this eClerx Services vs Firstsource Solutions breakdown: Firstsource earns from customer experience management, healthcare revenue cycle management (RCM), mortgage processing and banking operations. EPS is Rs 9.49. PE is 29.50x, ROE 17.13 percent, D/E 0.67.
eClerx Services vs Firstsource Solutions: Latest Results
The eClerx Services vs Firstsource Solutions results for eClerx Services: eClerx has a market cap of Rs 16,654 Cr and PE of 22.84x. ROE is 27.57 percent – one of the highest ROEs in Indian BPM. eClerx is promoter-controlled with lean operations.
The eClerx Services vs Firstsource Solutions results for Firstsource Solutions: Firstsource Solutions has a market cap of Rs 19,793 Cr and PE of 29.50x. ROE is 17.13 percent. Firstsource is RP-Sanjiv Goenka Group promoted and has been growing in US healthcare RCM.
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eClerx Services vs Firstsource Solutions: Stock and Valuation
The eClerx Services vs Firstsource Solutions stock comparison uses the latest available market data from Groww. Investors tracking eClerx Services vs Firstsource Solutions should verify current prices on NSE or BSE before trading.
eClerx vs Firstsource at current valuations: eClerx trades at Rs 16,654 Cr market cap, PE 22.84x, ROE 27.57 percent. Firstsource trades at Rs 19,793 Cr market cap, PE 29.50x, ROE 17.13 percent. eClerx is cheaper on PE and has a substantially higher ROE. Firstsource is slightly larger with a healthcare RCM franchise.
eClerx Services vs Firstsource Solutions: Quick Comparison Table
The eClerx Services vs Firstsource Solutions comparison table below summarises the key metrics covered in this article side by side.
| Parameter | eClerx Services | Firstsource Solutions |
|---|---|---|
| Sector | Analytics + data management: financial services, telecom/cable | Customer management + healthcare RCM + mortgage processing |
| Market Cap | Rs 16,654 Cr | Rs 19,793 Cr |
| P/E Ratio | 22.84x | 29.50x |
| ROE | 27.57% | 17.13% |
| Debt to Equity | 0.15 | 0.67 |
| Key Client Verticals | BFSI, telecom/cable, fashion/lifestyle | BFSI, healthcare, mortgage/utilities |
| Promoter | Edelcurve family (promoter-owned) | RP-Sanjiv Goenka Group |
Conclusion
The eClerx Services vs Firstsource Solutions comparison above covers the key data points on reach, products, results and valuation. eClerx Services vs Firstsource Solutions covers two Indian BPM companies serving global financial services and healthcare markets. eClerx has outstanding ROE (27.57 percent) from its analytics-driven data management model. Firstsource has a healthcare RCM franchise and banking operations with growth in regulated US markets. eClerx vs Firstsource investors should review deal wins, attrition, EBIT margins and new vertical growth. eClerx vs Firstsource Solutions are both credible mid-cap BPM investments. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does eClerx Services do?
Ans. eClerx provides data management, analytics and process automation to global financial services (derivatives, securities), cable and telecom, and fashion/lifestyle companies. It specialises in complex, analytics-driven outsourcing rather than simple call-centre work.
What does Firstsource Solutions do?
Ans. Firstsource provides customer experience management, healthcare revenue cycle management (billing, coding, collections for US hospitals), mortgage servicing and banking operations outsourcing to clients in the US, UK and India.
What is healthcare revenue cycle management?
Ans. Healthcare revenue cycle management (RCM) involves managing the financial aspects of patient care – from medical coding and billing to claims management and payment collection. Firstsource provides RCM services to US hospital systems and health insurers.
Why is eClerx’s ROE so high?
Ans. eClerx’s ROE of 27.57 percent reflects its capital-light, analytics-led model with strong margins, low debt and high profitability in its niche financial services data management segments.
Does eClerx pay dividends?
Ans. Yes. eClerx pays a very small dividend yield. Its promoter-controlled structure focuses on returning cash efficiently.
Which is larger, eClerx or Firstsource?
Ans. Firstsource Solutions at Rs 19,793 Cr is marginally larger than eClerx Services at Rs 16,654 Cr.
Are eClerx and Firstsource in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.