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eClerx Services vs R Systems International vs Nucleus Software Exports: Which Stock Should You Track

  • September 25, 2026
  • Posted by: Kunal Singla
  • Category: Market
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eClerx Services vs R Systems International vs Nucleus Software Exports: Which Stock Should You Track

eClerx Services PE 24.42, mkt cap Rs 17,804 crore. R Systems International PE 14.64, mkt cap Rs 2,821 crore. Nucleus Software Exports PE 16.87, mkt cap Rs 1,778 crore.

Quick Answer

eClerx Services vs R Systems International vs Nucleus Software Exports is a side-by-side comparison of three companies from the IT Services (Smaller-cap, Fourth Fresh Set) space. On this comparison, eClerx Services carries a market capitalisation of about Rs 17,804 crore against Rs 2,821 crore for R Systems International and Rs 1,778 crore for Nucleus Software Exports, with return on equity of 27.57%, 17.55% and 14.69% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.

eClerx Services vs R Systems International vs Nucleus Software Exports starts with the core numbers most investors compare within the IT Services (Smaller-cap, Fourth Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the IT Services (Smaller-cap, Fourth Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Table of Contents

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  • eClerx Services, R Systems International and Nucleus Software Exports: Company Overview
  • eClerx Services vs R Systems International vs Nucleus Software Exports: Valuation and Profitability Snapshot
  • eClerx Services vs R Systems International vs Nucleus Software Exports: Latest Quarterly Results
  • What Should Investors Look at Beyond These Numbers?
  • Conclusion
  • FAQs on eClerx Services vs R Systems International vs Nucleus Software Exports
    • What is the market cap difference between eClerx Services, R Systems International and Nucleus Software Exports?
    • Which of the three has the highest PE ratio?
    • Which of the three has the highest ROE?
    • Which of these three stocks pays the highest dividend yield?
    • What is the debt to equity ratio for eClerx Services, R Systems International and Nucleus Software Exports?
    • Which of the three trades at the highest price to book value?
    • Is one of eClerx Services, R Systems International or Nucleus Software Exports better than the others?

eClerx Services, R Systems International and Nucleus Software Exports: Company Overview

eClerx Services is a listed Indian company in the IT Services (Smaller-cap, Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

R Systems International is a listed Indian company in the IT Services (Smaller-cap, Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Nucleus Software Exports is a listed Indian company in the IT Services (Smaller-cap, Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

eClerx Services vs R Systems International vs Nucleus Software Exports: Valuation and Profitability Snapshot

Metric eClerx Services R Systems International Nucleus Software Exports
Market Cap (approx.) Rs 17,804 crore Rs 2,821 crore Rs 1,778 crore
PE Ratio (TTM) 24.42 14.64 16.87
PB Ratio 6.10 2.57 1.96
Return on Equity (ROE) 27.57% 17.55% 14.69%
EPS (TTM, Rs) 77.53 16.26 40.04
Dividend Yield 0.05% 5.25% 1.85%
Debt to Equity 0.15 0.34 0.01
Book Value per Share (Rs) 310.08 92.68 344.70

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On valuation, eClerx Services trades at a PE of 24.42 and a PB of 6.10, R Systems International at a PE of 14.64 and a PB of 2.57, while Nucleus Software Exports trades at a PE of 16.87 and a PB of 1.96. On return on equity, the three post 27.57%, 17.55% and 14.69% respectively, and on dividend yield they stand at 0.05%, 5.25% and 1.85%.

eClerx Services vs R Systems International vs Nucleus Software Exports: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue)
eClerx Services Rs 1,170.22 crore Rs 164.24 crore +23.8% +2.9%
R Systems International Rs 603.07 crore Rs 55.57 crore +18.5% +1.9%
Nucleus Software Exports Rs 228.26 crore Rs 23.87 crore -3.1% -4.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three it services (smaller-cap, fourth fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

eClerx Services vs R Systems International vs Nucleus Software Exports highlights how differently three companies in the same it services (smaller-cap, fourth fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; 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).

FAQs on eClerx Services vs R Systems International vs Nucleus Software Exports

What is the market cap difference between eClerx Services, R Systems International and Nucleus Software Exports?

Ans. As of September 2026, eClerx Services has a market cap of approximately Rs 17,804 crore, R Systems International is at approximately Rs 2,821 crore, and Nucleus Software Exports is at approximately Rs 1,778 crore.

Which of the three has the highest PE ratio?

Ans. Among eClerx Services, R Systems International and Nucleus Software Exports, the PE ratios stand at 24.42, 14.64 and 16.87 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. eClerx Services, R Systems International and Nucleus Software Exports post ROE of 27.57%, 17.55% and 14.69% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. eClerx Services, R Systems International and Nucleus Software Exports carry dividend yields of 0.05%, 5.25% and 1.85% respectively.

What is the debt to equity ratio for eClerx Services, R Systems International and Nucleus Software Exports?

Ans. eClerx Services carries a debt to equity of 0.15, R Systems International of 0.34, and Nucleus Software Exports of 0.01.

Which of the three trades at the highest price to book value?

Ans. eClerx Services, R Systems International and Nucleus Software Exports trade at price to book ratios of 6.10, 2.57 and 1.96 respectively.

Is one of eClerx Services, R Systems International or Nucleus Software Exports better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.



fourth fresh set) it services (smaller-cap Stock Market
Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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