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Last Updated on: 12 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532809 | NSE: FSL

Firstsource Solutions Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 1:51 pm

Market Cap 21,916 Cr.
Current Price 310
High / Low 423/176
Stock P/E39.1
Book Value 55.1
Dividend Yield1.22 %
ROCE15.4 %
ROE14.6 %
Face Value 10.0
PEG Ratio4.28

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Firstsource Solutions Ltd

Competitors of Firstsource Solutions Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
N2N Technologies Ltd 4.82 Cr. 14.9 33.0/14.2 16.80.00 %0.69 %0.63 % 10.0
eMudhra Ltd 6,781 Cr. 816 1,024/54583.0 83.30.15 %17.7 %14.4 % 5.00
BNR Udyog Ltd 18.5 Cr. 61.7 118/50.626.1 35.70.00 %63.6 %53.8 % 10.0
BGIL Films & Technologies Ltd 7.95 Cr. 7.02 10.3/3.28 16.90.00 %4.44 %3.46 % 10.0
Aurum Proptech Ltd 529 Cr. 181 265/126 97.20.00 %12.0 %27.1 % 5.00
Industry Average8,662.00 Cr613.1231.44188.990.47%17.89%16.59%7.60

All Competitor Stocks of Firstsource Solutions Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 1,4641,5441,4721,4881,5051,5571,5291,5401,5971,6701,7911,9252,102
Expenses 1,2261,2991,2911,2961,2951,3131,2891,3111,3591,4201,5211,6381,785
Operating Profit 238245181192210244240229237250270287318
OPM % 16%16%12%13%14%16%16%15%15%15%15%15%15%
Other Income 0-064962132171532-37
Interest 15191920202125262527323439
Depreciation 62706466696461656667737984
Profit before tax 161156105155184172155154161159167171201
Tax % 16%15%19%16%14%18%19%18%20%16%19%19%20%
Net Profit 13513285129158141126127129134135138160
EPS in Rs 1.941.901.221.852.262.021.791.801.831.901.921.962.27

Last Updated: February 28, 2025, 7:58 pm

Below is a detailed analysis of the quarterly data for Firstsource Solutions Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹2,102.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,925.00 Cr. (Sep 2024) to ₹2,102.00 Cr., marking an increase of ₹177.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹1,785.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,638.00 Cr. (Sep 2024) to ₹1,785.00 Cr., marking an increase of ₹147.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹318.00 Cr.. The value appears strong and on an upward trend. It has increased from 287.00 Cr. (Sep 2024) to ₹318.00 Cr., marking an increase of ₹31.00 Cr..
  • For OPM %, as of Dec 2024, the value is 15.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 15.00%.
  • For Other Income, as of Dec 2024, the value is ₹7.00 Cr.. The value appears strong and on an upward trend. It has increased from -3.00 Cr. (Sep 2024) to ₹7.00 Cr., marking an increase of ₹10.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹39.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 34.00 Cr. (Sep 2024) to ₹39.00 Cr., marking an increase of ₹5.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹84.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 79.00 Cr. (Sep 2024) to ₹84.00 Cr., marking an increase of ₹5.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹201.00 Cr.. The value appears strong and on an upward trend. It has increased from 171.00 Cr. (Sep 2024) to ₹201.00 Cr., marking an increase of ₹30.00 Cr..
  • For Tax %, as of Dec 2024, the value is 20.00%. The value appears to be increasing, which may not be favorable. It has increased from 19.00% (Sep 2024) to 20.00%, marking an increase of 1.00%.
  • For Net Profit, as of Dec 2024, the value is ₹160.00 Cr.. The value appears strong and on an upward trend. It has increased from 138.00 Cr. (Sep 2024) to ₹160.00 Cr., marking an increase of ₹22.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 2.27. The value appears strong and on an upward trend. It has increased from ₹1.96 (Sep 2024) to 2.27, marking an increase of ₹0.31.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:18 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 2,8193,1063,0353,2173,5563,5353,8264,0995,0785,9216,0226,3367,489
Expenses 2,5252,7352,6452,8193,1093,0643,2743,4454,2394,9395,1655,3426,364
Operating Profit 2933713903984474715526548399828589951,125
OPM % 10%12%13%12%13%13%14%16%17%17%14%16%15%
Other Income 462793549-1141131379
Interest 92948061545346838786110142132
Depreciation 88767261596674185206249263260304
Profit before tax 159203244286337358436394432647615630698
Tax % 8%5%4%9%17%9%13%14%16%17%16%18%
Net Profit 146193234261279327378340362537514515567
EPS in Rs 2.232.923.523.874.114.765.474.905.207.697.337.318.05
Dividend Payout % 0%0%0%0%0%32%37%51%58%45%47%47%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)32.19%21.24%11.54%6.90%17.20%15.60%-10.05%6.47%48.34%-4.28%0.19%
Change in YoY Net Profit Growth (%)0.00%-10.95%-9.71%-4.64%10.31%-1.61%-25.65%16.52%41.87%-52.63%4.48%

Firstsource Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:11%
3 Years:8%
TTM:20%
Compounded Profit Growth
10 Years:11%
5 Years:7%
3 Years:4%
TTM:7%
Stock Price CAGR
10 Years:26%
5 Years:53%
3 Years:35%
1 Year:69%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:16%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 3:47 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 658660666673681687691694696697697697697
Reserves 1,0561,4321,4221,1041,3471,6652,0302,0722,1032,3362,6703,0033,202
Borrowings 1,2761,1891,0318919656675571,3561,1941,7841,3931,5332,252
Other Liabilities 3824093062863163523523937897967857021,248
Total Liabilities 3,3723,6893,4272,9543,3093,3713,6304,5144,7835,6135,5455,9367,399
Fixed Assets 2,5142,7302,4442,0222,0682,0802,2232,8712,9983,7443,7163,8534,710
CWIP 2082422-0-0331774
Investments 357385163341341294130714235
Other Assets 8539539018451,0741,2551,2711,6301,6911,7361,7542,0242,580
Total Assets 3,3723,6893,4272,9543,3093,3713,6304,5144,7835,6135,5455,9367,399

Below is a detailed analysis of the balance sheet data for Firstsource Solutions Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹697.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹697.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹3,202.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,003.00 Cr. (Mar 2024) to ₹3,202.00 Cr., marking an increase of 199.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹2,252.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹1,533.00 Cr. (Mar 2024) to ₹2,252.00 Cr., marking an increase of 719.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹1,248.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹702.00 Cr. (Mar 2024) to ₹1,248.00 Cr., marking an increase of 546.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹7,399.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹5,936.00 Cr. (Mar 2024) to ₹7,399.00 Cr., marking an increase of 1,463.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹4,710.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,853.00 Cr. (Mar 2024) to ₹4,710.00 Cr., marking an increase of 857.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹74.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹17.00 Cr. (Mar 2024) to ₹74.00 Cr., marking an increase of 57.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹35.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹42.00 Cr. (Mar 2024) to ₹35.00 Cr., marking a decrease of 7.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹2,580.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,024.00 Cr. (Mar 2024) to ₹2,580.00 Cr., marking an increase of 556.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹7,399.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,936.00 Cr. (Mar 2024) to ₹7,399.00 Cr., marking an increase of 1,463.00 Cr..

Notably, the Reserves (₹3,202.00 Cr.) exceed the Borrowings (2,252.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +199396246297200315400410976704795645
Cash from Investing Activity +583-13-104-101-23396-20310-344-59417-57
Cash from Financing Activity +-881-286-246-2074-327-273-277-689-158-743-564
Net Cash Flow-9896-105-11-3084-76143-58-496923

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow292.00370.00389.00-493.00-518.00-196.00-5.00653.00838.00981.00857.00994.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days503535343139375061596367
Inventory Days
Days Payable
Cash Conversion Cycle503535343139375061596367
Working Capital Days0-65-10-71314717352737
ROCE %7%9%10%12%14%13%15%13%16%17%15%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters53.66%53.66%53.66%53.66%53.66%53.66%53.66%53.66%53.66%53.66%53.66%53.66%
FIIs7.79%7.95%8.41%8.41%8.95%9.99%10.21%9.89%9.59%9.36%11.63%11.01%
DIIs14.75%14.57%13.26%14.18%15.06%15.17%16.22%18.16%19.27%19.52%18.60%20.89%
Public21.36%21.50%22.25%21.38%20.09%19.12%17.91%16.86%16.15%16.15%15.00%13.36%
Others2.44%2.32%2.42%2.37%2.24%2.06%2.00%1.44%1.35%1.32%1.12%1.09%
No. of Shareholders3,20,4993,28,0013,41,6633,28,7873,09,8912,95,2832,87,1852,75,2332,66,8742,58,7892,82,8592,80,639

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan60,176,7644.011263.474,000,0002025-03-111404.42%
Tata Digital India Fund10,123,1122.08212.544,000,0002025-03-11153.08%
SBI Technology Opportunities Fund7,645,8874.21160.534,000,0002025-03-1191.15%
ICICI Prudential Technology Fund7,407,7891.23155.534,000,0002025-03-1185.19%
Mahindra Manulife Small Cap Fund4,000,0001.8483.984,000,0002025-03-110%
Aditya Birla Sun Life Digital India Fund3,153,8561.4266.224,000,0002025-03-11-21.15%
UTI Small Cap Fund2,883,5671.4360.544,000,0002025-03-11-27.91%
Axis Small Cap Fund2,705,9990.2656.824,000,0002025-03-11-32.35%
ICICI Prudential Smallcap Fund2,535,1260.6353.234,000,0002025-03-11-36.62%
Sundaram Small Cap Fund2,058,5711.343.224,000,0002025-03-11-48.54%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.527.557.905.314.90
Diluted EPS (Rs.) 7.347.327.625.134.90
Cash EPS (Rs.) 11.1211.1511.288.167.57
Book Value[Excl.RevalReserv]/Share (Rs.) 53.1048.3143.5240.2239.87
Book Value[Incl.RevalReserv]/Share (Rs.) 53.1048.3143.5240.2239.87
Revenue From Operations / Share (Rs.) 90.9186.4084.9572.9559.07
PBDIT / Share (Rs.) 14.2513.7313.7811.579.19
PBIT / Share (Rs.) 10.529.9610.208.616.52
PBT / Share (Rs.) 9.038.839.286.205.68
Net Profit / Share (Rs.) 7.387.377.705.204.89
NP After MI And SOA / Share (Rs.) 7.387.377.715.204.89
PBDIT Margin (%) 15.6715.8916.2215.8615.55
PBIT Margin (%) 11.5611.5212.0011.7911.04
PBT Margin (%) 9.9310.2110.928.509.61
Net Profit Margin (%) 8.128.539.067.128.28
NP After MI And SOA Margin (%) 8.128.539.077.128.28
Return on Networth / Equity (%) 13.9115.2517.7112.9212.28
Return on Capital Employeed (%) 16.5016.9117.0317.4713.89
Return On Assets (%) 8.469.069.417.487.40
Long Term Debt / Equity (X) 0.000.040.090.030.00
Total Debt / Equity (X) 0.210.240.330.180.30
Asset Turnover Ratio (%) 1.081.060.420.360.31
Current Ratio (X) 0.930.900.920.870.82
Quick Ratio (X) 0.930.900.920.870.82
Dividend Payout Ratio (NP) (%) 46.7446.4144.3656.33110.75
Dividend Payout Ratio (CP) (%) 31.0430.6930.3035.8771.67
Earning Retention Ratio (%) 53.2653.5955.6443.67-10.75
Cash Earning Retention Ratio (%) 68.9669.3169.7064.1328.33
Interest Coverage Ratio (X) 9.6112.1215.0215.4210.93
Interest Coverage Ratio (Post Tax) (X) 5.987.519.3910.136.82
Enterprise Value (Cr.) 14375.878021.549632.588313.042554.78
EV / Net Operating Revenue (X) 2.271.331.631.640.62
EV / EBITDA (X) 14.478.3810.0310.324.01
MarketCap / Net Operating Revenue (X) 2.171.221.471.560.46
Retention Ratios (%) 53.2553.5855.6343.66-10.75
Price / BV (X) 3.722.182.872.830.68
Price / Net Operating Revenue (X) 2.171.221.471.560.46
EarningsYield 0.030.060.060.040.17

After reviewing the key financial ratios for Firstsource Solutions Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 7.52. This value is within the healthy range. It has decreased from 7.55 (Mar 23) to 7.52, marking a decrease of 0.03.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 7.34. This value is within the healthy range. It has increased from 7.32 (Mar 23) to 7.34, marking an increase of 0.02.
  • For Cash EPS (Rs.), as of Mar 24, the value is 11.12. This value is within the healthy range. It has decreased from 11.15 (Mar 23) to 11.12, marking a decrease of 0.03.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 53.10. It has increased from 48.31 (Mar 23) to 53.10, marking an increase of 4.79.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 53.10. It has increased from 48.31 (Mar 23) to 53.10, marking an increase of 4.79.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 90.91. It has increased from 86.40 (Mar 23) to 90.91, marking an increase of 4.51.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 14.25. This value is within the healthy range. It has increased from 13.73 (Mar 23) to 14.25, marking an increase of 0.52.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 10.52. This value is within the healthy range. It has increased from 9.96 (Mar 23) to 10.52, marking an increase of 0.56.
  • For PBT / Share (Rs.), as of Mar 24, the value is 9.03. This value is within the healthy range. It has increased from 8.83 (Mar 23) to 9.03, marking an increase of 0.20.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 7.38. This value is within the healthy range. It has increased from 7.37 (Mar 23) to 7.38, marking an increase of 0.01.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 7.38. This value is within the healthy range. It has increased from 7.37 (Mar 23) to 7.38, marking an increase of 0.01.
  • For PBDIT Margin (%), as of Mar 24, the value is 15.67. This value is within the healthy range. It has decreased from 15.89 (Mar 23) to 15.67, marking a decrease of 0.22.
  • For PBIT Margin (%), as of Mar 24, the value is 11.56. This value is within the healthy range. It has increased from 11.52 (Mar 23) to 11.56, marking an increase of 0.04.
  • For PBT Margin (%), as of Mar 24, the value is 9.93. This value is below the healthy minimum of 10. It has decreased from 10.21 (Mar 23) to 9.93, marking a decrease of 0.28.
  • For Net Profit Margin (%), as of Mar 24, the value is 8.12. This value is within the healthy range. It has decreased from 8.53 (Mar 23) to 8.12, marking a decrease of 0.41.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.12. This value is within the healthy range. It has decreased from 8.53 (Mar 23) to 8.12, marking a decrease of 0.41.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 13.91. This value is below the healthy minimum of 15. It has decreased from 15.25 (Mar 23) to 13.91, marking a decrease of 1.34.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 16.50. This value is within the healthy range. It has decreased from 16.91 (Mar 23) to 16.50, marking a decrease of 0.41.
  • For Return On Assets (%), as of Mar 24, the value is 8.46. This value is within the healthy range. It has decreased from 9.06 (Mar 23) to 8.46, marking a decrease of 0.60.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.04 (Mar 23) to 0.00, marking a decrease of 0.04.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.21. This value is within the healthy range. It has decreased from 0.24 (Mar 23) to 0.21, marking a decrease of 0.03.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.08. It has increased from 1.06 (Mar 23) to 1.08, marking an increase of 0.02.
  • For Current Ratio (X), as of Mar 24, the value is 0.93. This value is below the healthy minimum of 1.5. It has increased from 0.90 (Mar 23) to 0.93, marking an increase of 0.03.
  • For Quick Ratio (X), as of Mar 24, the value is 0.93. This value is below the healthy minimum of 1. It has increased from 0.90 (Mar 23) to 0.93, marking an increase of 0.03.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 46.74. This value is within the healthy range. It has increased from 46.41 (Mar 23) to 46.74, marking an increase of 0.33.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 31.04. This value is within the healthy range. It has increased from 30.69 (Mar 23) to 31.04, marking an increase of 0.35.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 53.26. This value is within the healthy range. It has decreased from 53.59 (Mar 23) to 53.26, marking a decrease of 0.33.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 68.96. This value is within the healthy range. It has decreased from 69.31 (Mar 23) to 68.96, marking a decrease of 0.35.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 9.61. This value is within the healthy range. It has decreased from 12.12 (Mar 23) to 9.61, marking a decrease of 2.51.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 5.98. This value is within the healthy range. It has decreased from 7.51 (Mar 23) to 5.98, marking a decrease of 1.53.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 14,375.87. It has increased from 8,021.54 (Mar 23) to 14,375.87, marking an increase of 6,354.33.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.27. This value is within the healthy range. It has increased from 1.33 (Mar 23) to 2.27, marking an increase of 0.94.
  • For EV / EBITDA (X), as of Mar 24, the value is 14.47. This value is within the healthy range. It has increased from 8.38 (Mar 23) to 14.47, marking an increase of 6.09.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.17. This value is within the healthy range. It has increased from 1.22 (Mar 23) to 2.17, marking an increase of 0.95.
  • For Retention Ratios (%), as of Mar 24, the value is 53.25. This value is within the healthy range. It has decreased from 53.58 (Mar 23) to 53.25, marking a decrease of 0.33.
  • For Price / BV (X), as of Mar 24, the value is 3.72. This value exceeds the healthy maximum of 3. It has increased from 2.18 (Mar 23) to 3.72, marking an increase of 1.54.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.17. This value is within the healthy range. It has increased from 1.22 (Mar 23) to 2.17, marking an increase of 0.95.
  • For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to 0.03, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Firstsource Solutions Ltd as of March 12, 2025 is: ₹254.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Firstsource Solutions Ltd is Overvalued by 17.84% compared to the current share price 310.00

Intrinsic Value of Firstsource Solutions Ltd as of March 12, 2025 is: 277.97

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Firstsource Solutions Ltd is Overvalued by 10.33% compared to the current share price 310.00

Last 5 Year EPS CAGR: 9.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 14.75, which is a positive sign.
  2. The company has higher reserves (1,957.08 cr) compared to borrowings (1,237.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (4.08 cr) and profit (418.38 cr) over the years.
  1. The stock has a low average ROCE of 13.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 46.75, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Firstsource Solutions Ltd:
    1. Net Profit Margin: 8.12%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.5% (Industry Average ROCE: 17.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.91% (Industry Average ROE: 16.59%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 5.98
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.93
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 39.1 (Industry average Stock P/E: 20.44)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.21
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Firstsource Solutions Ltd. is a Public Limited Listed company incorporated on 06/12/2001 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L64202MH2001PLC134147 and registration number is 134147. Currently Company is involved in the business activities of Other information service activities. Company's Total Operating Revenue is Rs. 1601.15 Cr. and Equity Capital is Rs. 696.99 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
IT Enabled Services5th Floor, Paradigm �B� Wing, Mindspace, Link Road, Mumbai Maharashtra 400064complianceofficer@firstsource.com
http://www.firstsource.com
Management
NamePosition Held
Dr. Sanjiv GoenkaChairman
Mr. Shashwat GoenkaVice Chairman
Mr. Ritesh IdnaniManaging Director & CEO
Mr. Subrata TalukdarNon Exe.Non Ind.Director
Mr. Pradip Kumar KhaitanNon Exe.Non Ind.Director
Mr. Sunil MitraInd. Non-Executive Director
Ms. Vanita UppalInd. Non-Executive Director
Mr. Utsav ParekhInd. Non-Executive Director
Ms. Rekha SethiInd. Non-Executive Director
Dr. Rajiv KumarInd. Non-Executive Director
Mr. T C Suseel KumarInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Firstsource Solutions Ltd?

The latest intrinsic value of Firstsource Solutions Ltd as on 12 March 2025 is ₹254.71, which is 17.84% lower than the current market price of ₹310.00, indicating the stock is overvalued by 17.84%. The intrinsic value of Firstsource Solutions Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹21,916 Cr. and recorded a high/low of ₹423/176 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,202 Cr and total liabilities of ₹7,399 Cr.

What is the Market Cap of Firstsource Solutions Ltd?

The Market Cap of Firstsource Solutions Ltd is 21,916 Cr..

What is the current Stock Price of Firstsource Solutions Ltd as on 12 March 2025?

The current stock price of Firstsource Solutions Ltd as on 12 March 2025 is ₹310.

What is the High / Low of Firstsource Solutions Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Firstsource Solutions Ltd stocks is ₹423/176.

What is the Stock P/E of Firstsource Solutions Ltd?

The Stock P/E of Firstsource Solutions Ltd is 39.1.

What is the Book Value of Firstsource Solutions Ltd?

The Book Value of Firstsource Solutions Ltd is 55.1.

What is the Dividend Yield of Firstsource Solutions Ltd?

The Dividend Yield of Firstsource Solutions Ltd is 1.22 %.

What is the ROCE of Firstsource Solutions Ltd?

The ROCE of Firstsource Solutions Ltd is 15.4 %.

What is the ROE of Firstsource Solutions Ltd?

The ROE of Firstsource Solutions Ltd is 14.6 %.

What is the Face Value of Firstsource Solutions Ltd?

The Face Value of Firstsource Solutions Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Firstsource Solutions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE