
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.
Updated: 25 Sept 2026 • 9:57 am
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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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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.
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