WEBSITE BSE:532809 NSE: FSL Inc. Year: 2001 Industry: BPO/ITeS My Bucket: Add Stock
Last updated: 15:59
Firstsource Solutions Ltd is a business process management (BPM) agency, offering consumer-centric solutions across the complete loan value chain. The Company's segments include Banking and Financial Services (BFS), Healthcare, Communications, Media and Technology (CMT), and Diversified Industries. It has an established presence in India, the United States (US), the United Kingdom (UK), and the Philippines. The Company's services include Contact Center, Backoffice, Platform, Automation and Analytics, and Business Technology Services. The Compa...Read More
Firstsource Solutions Ltd is a business process management (BPM) agency, offering consumer-centric solutions across the complete loan value chain. The Company's segments include Banking and Financial Services (BFS), Healthcare, Communications, Media and Technology (CMT), and Diversified Industries. It has an established presence in India, the United States (US), the United Kingdom (UK), and the Philippines. The Company's services include Contact Center, Backoffice, Platform, Automation and Analytics, and Business Technology Services. The Company, thru its subsidiary, Sourcepoint Inc., has a strategic partnership agreement with mortgages business organization underneath which Sourcepoint provides enterprise manner management offerings. The Company's subsidiaries also consist of Firstsource Solutions UK Ltd, Firstsource BPO Ireland Ltd, Firstsource Group USA, Inc., One Advantage LLC, Firstsource Solutions USA LLC, Kramer Technologies, LLC and Firstsource Solutions USA LLC. ...Read Less
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Market Cap ₹16949 Cr.
Stock P/E 28.5
P/B 3.8
Current Price ₹239.3
Book Value ₹ 63.5
Face Value 10
52W High ₹403.8
Dividend Yield 1.67%
52W Low ₹ 200.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1540 | 1597 | 1670 | 1791 | 1925 | 2102 | 2161 | 2218 | 2312 | 2443 |
| Other Income | 17 | 15 | 3 | 2 | -3 | -2 | 2 | 7 | -1 | 4 |
| Total Income | 1557 | 1612 | 1673 | 1793 | 1923 | 2100 | 2164 | 2224 | 2311 | 2447 |
| Total Expenditure | 1311 | 1359 | 1420 | 1521 | 1638 | 1785 | 1829 | 1871 | 1936 | 2040 |
| Operating Profit | 246 | 252 | 253 | 272 | 285 | 316 | 335 | 354 | 375 | 406 |
| Interest | 26 | 25 | 27 | 32 | 34 | 39 | 43 | 43 | 43 | 43 |
| Depreciation | 65 | 66 | 67 | 73 | 79 | 84 | 91 | 97 | 110 | 111 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 9 | 0 | 0 | 2 | -100 |
| Profit Before Tax | 154 | 161 | 159 | 167 | 171 | 201 | 202 | 213 | 224 | 152 |
| Provision for Tax | 28 | 32 | 26 | 32 | 33 | 40 | 41 | 44 | 45 | 31 |
| Profit After Tax | 127 | 129 | 134 | 135 | 138 | 160 | 161 | 169 | 180 | 120 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 127 | 129 | 134 | 135 | 138 | 160 | 161 | 169 | 180 | 120 |
| Adjusted Earnings Per Share | 1.8 | 1.8 | 1.9 | 1.9 | 2 | 2.3 | 2.3 | 2.4 | 2.6 | 1.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3035 | 3217 | 3556 | 3535 | 3826 | 4099 | 5078 | 5921 | 6022 | 6336 | 7980 | 9134 |
| Other Income | 9 | 9 | 7 | 8 | 8 | 9 | 4 | 4 | 134 | 42 | 10 | 12 |
| Total Income | 3044 | 3227 | 3563 | 3543 | 3834 | 4108 | 5082 | 5925 | 6157 | 6379 | 7991 | 9146 |
| Total Expenditure | 2647 | 2819 | 3113 | 3066 | 3278 | 3445 | 4241 | 4964 | 5199 | 5385 | 6784 | 7676 |
| Operating Profit | 396 | 408 | 450 | 477 | 556 | 662 | 840 | 960 | 957 | 993 | 1207 | 1470 |
| Interest | 80 | 61 | 54 | 53 | 46 | 83 | 87 | 64 | 79 | 103 | 148 | 172 |
| Depreciation | 72 | 61 | 59 | 66 | 74 | 185 | 206 | 249 | 263 | 260 | 327 | 409 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -115 | 0 | 0 | 0 | 9 | -98 |
| Profit Before Tax | 244 | 286 | 337 | 358 | 436 | 394 | 432 | 647 | 615 | 630 | 741 | 791 |
| Provision for Tax | 10 | 25 | 58 | 31 | 58 | 55 | 70 | 111 | 102 | 115 | 146 | 161 |
| Profit After Tax | 234 | 261 | 279 | 327 | 378 | 340 | 362 | 537 | 514 | 515 | 594 | 630 |
| Adjustments | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 234 | 261 | 279 | 327 | 378 | 340 | 362 | 537 | 514 | 515 | 594 | 630 |
| Adjusted Earnings Per Share | 3.5 | 3.9 | 4.1 | 4.8 | 5.5 | 4.9 | 5.2 | 7.7 | 7.4 | 7.4 | 8.5 | 9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 26% | 10% | 14% | 10% |
| Operating Profit CAGR | 22% | 8% | 13% | 12% |
| PAT CAGR | 15% | 3% | 12% | 10% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 29% | 16% | 21% |
| ROE Average | 16% | 16% | 16% | 15% |
| ROCE Average | 18% | 17% | 17% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2089 | 1777 | 2028 | 2352 | 2721 | 2765 | 2799 | 3033 | 3367 | 3700 | 4098 |
| Minority's Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Borrowings | 414 | 410 | 358 | 14 | 7 | 3 | 85 | 273 | 139 | 0 | 342 |
| Other Non-Current Liabilities | 52 | -102 | -110 | -170 | -179 | 236 | 275 | 586 | 303 | 466 | 795 |
| Total Current Liabilities | 870 | 739 | 912 | 983 | 895 | 1331 | 1402 | 1534 | 1560 | 1617 | 2414 |
| Total Liabilities | 3427 | 2825 | 3190 | 3180 | 3444 | 4336 | 4561 | 5427 | 5370 | 5784 | 7649 |
| Fixed Assets | 2444 | 2022 | 2068 | 2080 | 2223 | 2871 | 2998 | 3744 | 3716 | 3853 | 4994 |
| Other Non-Current Assets | 239 | 156 | 338 | 311 | 371 | 361 | 332 | 262 | 245 | 396 | 431 |
| Total Current Assets | 744 | 647 | 784 | 789 | 851 | 1104 | 1231 | 1421 | 1408 | 1535 | 2224 |
| Total Assets | 3427 | 2825 | 3190 | 3180 | 3444 | 4336 | 4561 | 5427 | 5370 | 5784 | 7649 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 185 | 80 | 69 | 39 | 123 | 47 | 189 | 132 | 83 | 152 | 175 |
| Cash Flow from Operating Activities | 246 | 297 | 200 | 315 | 400 | 410 | 976 | 704 | 795 | 644 | 701 |
| Cash Flow from Investing Activities | -104 | -101 | -231 | 92 | -204 | 14 | -348 | -595 | 16 | -58 | -746 |
| Cash Flow from Financing Activities | -246 | -207 | 4 | -327 | -273 | -277 | -689 | -158 | -743 | -563 | 23 |
| Net Cash Inflow / Outflow | -105 | -11 | -28 | 80 | -77 | 148 | -61 | -49 | 68 | 23 | -22 |
| Closing Cash & Cash Equivalent | 80 | 69 | 39 | 123 | 47 | 191 | 132 | 83 | 152 | 175 | 154 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.52 | 3.88 | 4.1 | 4.76 | 5.47 | 4.9 | 5.2 | 7.71 | 7.37 | 7.39 | 8.53 |
| CEPS(Rs) | 4.6 | 4.78 | 4.96 | 5.72 | 6.54 | 7.57 | 8.16 | 11.28 | 11.15 | 11.12 | 13.22 |
| DPS(Rs) | 0 | 0 | 0 | 1.5 | 2 | 2.5 | 3 | 3.5 | 3.5 | 3.5 | 4 |
| Book NAV/Share(Rs) | 31.35 | 26.27 | 29.59 | 34.08 | 39.19 | 39.68 | 39.81 | 42.78 | 47.37 | 52.42 | 57.32 |
| Core EBITDA Margin(%) | 12.76 | 12.38 | 12.44 | 13.27 | 14.33 | 15.94 | 16.47 | 16.16 | 13.67 | 15.01 | 14.99 |
| EBIT Margin(%) | 10.68 | 10.79 | 10.99 | 11.62 | 12.59 | 11.64 | 10.22 | 12.01 | 11.53 | 11.57 | 11.13 |
| Pre Tax Margin(%) | 8.04 | 8.9 | 9.48 | 10.13 | 11.39 | 9.62 | 8.5 | 10.93 | 10.22 | 9.94 | 9.28 |
| PAT Margin (%) | 7.73 | 8.11 | 7.85 | 9.24 | 9.87 | 8.29 | 7.12 | 9.06 | 8.53 | 8.12 | 7.45 |
| Cash Profit Margin (%) | 10.11 | 10 | 9.51 | 11.1 | 11.82 | 12.81 | 11.19 | 13.27 | 12.9 | 12.23 | 11.55 |
| ROA(%) | 6.59 | 8.35 | 9.28 | 10.25 | 11.41 | 8.73 | 8.13 | 10.74 | 9.52 | 9.23 | 8.85 |
| ROE(%) | 11.22 | 13.53 | 14.76 | 15 | 14.97 | 12.44 | 13.09 | 18.65 | 16.35 | 14.8 | 15.54 |
| ROCE(%) | 10.13 | 12 | 13.81 | 13.66 | 15.29 | 13.86 | 14.8 | 19.1 | 16.86 | 16.85 | 17.53 |
| Receivable days | 35.53 | 33.64 | 31.34 | 35.36 | 36.52 | 42.03 | 50.31 | 55.59 | 60.58 | 63.35 | 65.1 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 8.79 | 8.7 | 10.19 | 11.14 | 8.61 | 5.62 | 21.92 | 16.21 | 14.31 | 26.72 | 39.95 |
| Price/Book(x) | 0.99 | 1.28 | 1.41 | 1.56 | 1.2 | 0.69 | 2.86 | 2.92 | 2.23 | 3.76 | 5.95 |
| Dividend Yield(%) | 0 | 0 | 0 | 2.83 | 4.25 | 9.09 | 2.63 | 2.8 | 3.32 | 1.77 | 1.17 |
| EV/Net Sales(x) | 0.99 | 0.96 | 1.06 | 1.18 | 0.98 | 0.62 | 1.65 | 1.63 | 1.33 | 2.27 | 3.15 |
| EV/Core EBITDA(x) | 7.59 | 7.57 | 8.38 | 8.78 | 6.76 | 3.87 | 9.99 | 10.03 | 8.38 | 14.47 | 20.81 |
| Net Sales Growth(%) | -2.29 | 6.02 | 10.52 | -0.57 | 8.23 | 7.12 | 23.9 | 16.6 | 1.71 | 5.21 | 25.95 |
| EBIT Growth(%) | 9.03 | 7.06 | 12.61 | 5.15 | 17.28 | -0.96 | 8.74 | 37 | -2.37 | 5.6 | 21.21 |
| PAT Growth(%) | 21.37 | 11.28 | 7.02 | 16.95 | 15.68 | -10.08 | 6.47 | 48.35 | -4.25 | 0.2 | 15.49 |
| EPS Growth(%) | 20.24 | 10.19 | 5.76 | 16.04 | 14.94 | -10.44 | 6.13 | 48.38 | -4.4 | 0.2 | 15.49 |
| Debt/Equity(x) | 0.49 | 0.5 | 0.48 | 0.29 | 0.21 | 0.31 | 0.22 | 0.34 | 0.25 | 0.22 | 0.38 |
| Current Ratio(x) | 0.86 | 0.88 | 0.86 | 0.8 | 0.95 | 0.83 | 0.88 | 0.93 | 0.9 | 0.95 | 0.92 |
| Quick Ratio(x) | 0.89 | 0.92 | 0.88 | 0.82 | 0.96 | 0.84 | 0.89 | 0.95 | 0.93 | 0.96 | 0.93 |
| Interest Cover(x) | 4.05 | 5.71 | 7.26 | 7.77 | 10.49 | 5.75 | 5.95 | 11.12 | 8.79 | 7.09 | 6.01 |
| Total Debt/Mcap(x) | 0.5 | 0.39 | 0.34 | 0.18 | 0.17 | 0.44 | 0.08 | 0.12 | 0.11 | 0.06 | 0.06 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 | 53.66 |
| FII | 9.89 | 9.59 | 9.36 | 11.63 | 11.01 | 10.08 | 9.58 | 9.25 | 9.19 | 8.86 |
| DII | 18.16 | 19.27 | 19.52 | 18.6 | 20.88 | 22.9 | 23.94 | 24.62 | 25.2 | 25.49 |
| Public | 18.3 | 17.49 | 17.47 | 16.12 | 14.45 | 13.37 | 12.82 | 12.47 | 11.95 | 12 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 | 37.4 |
| FII | 6.89 | 6.68 | 6.52 | 8.11 | 7.67 | 7.02 | 6.68 | 6.45 | 6.41 | 6.17 |
| DII | 12.65 | 13.43 | 13.6 | 12.96 | 14.55 | 15.96 | 16.69 | 17.16 | 17.56 | 17.77 |
| Public | 12.75 | 12.19 | 12.18 | 11.23 | 10.07 | 9.32 | 8.93 | 8.69 | 8.33 | 8.36 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 | 69.7 |
* The pros and cons are machine generated.
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