Hi,
Is eClerx loosing its competitive advantage?
ROE has been reducing every year, and now as per screener.in, it is close to 22%.
OPM has also reduced over a period.
On the other hand, promoters seems to have increased their stake.
Does any one is holding and tracking this? I would like to know if eClerx management is doing some thing in digital and automation areas, to improve efficiency so that further margin erosion will not happen.
Any views are welcome.
Disc : Tracking closely as it looks good business available at fair value.