Share Price and Basic Stock Data
Last Updated: November 22, 2025, 8:31 am
| PEG Ratio | 9.03 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Firstsource Solutions Ltd, operating in the IT Enabled Services sector, recorded a market capitalization of ₹25,995 Cr and a share price of ₹367. The company reported a total revenue of ₹6,022 Cr for the financial year ending March 2023, reflecting a growth trajectory from ₹5,921 Cr in the previous year. Over the years, the revenue has shown a consistent upward trend, increasing from ₹3,106 Cr in March 2014 to a projected ₹7,980 Cr for March 2025. Quarterly sales figures also affirm this trend, with the latest reported sales of ₹1,597 Cr for December 2023, up from ₹1,557 Cr in March 2023. The company’s operating profit margin (OPM) stood at 16%, indicating efficient cost management relative to sales. This growth is supported by a diversified client base and an increasing demand for digital transformation services, positioning Firstsource as a competitive player in the IT services landscape.
Profitability and Efficiency Metrics
Firstsource Solutions Ltd reported a net profit of ₹670 Cr for the trailing twelve months, with a net profit margin of 7.44% for March 2025. The company’s profitability has remained relatively stable, with a slight decline from ₹514 Cr in March 2023. Operating profit, however, is on an upward trajectory, projected to reach ₹1,238 Cr by March 2025, reflecting a robust operational efficiency. The interest coverage ratio (ICR) is reported at 8.16x, indicating strong earnings relative to interest expenses, which stood at ₹184 Cr for the same period. The return on equity (ROE) is 15%, while return on capital employed (ROCE) is slightly higher at 15.4%. These figures suggest that Firstsource is effectively utilizing its capital to generate profits, though the declining net profit trend poses a concern that warrants monitoring in the coming quarters.
Balance Sheet Strength and Financial Ratios
The balance sheet of Firstsource Solutions Ltd reveals a total debt of ₹2,369 Cr against reserves of ₹3,669 Cr, showcasing a solid equity position. The company’s long-term debt to equity ratio stands at 0.08, indicating a low reliance on debt financing, which is favorable in times of economic uncertainty. Furthermore, the current ratio is reported at 0.91, suggesting that the company may face challenges in covering short-term liabilities, a potential red flag for liquidity management. However, the price-to-book value ratio is 5.80x, reflecting a premium valuation compared to typical sector ranges, which indicates market confidence in the company’s future growth prospects. The asset turnover ratio at 1.14% suggests efficient use of assets in generating sales, although this figure may not be high compared to industry standards.
Shareholding Pattern and Investor Confidence
Firstsource’s shareholding structure reveals a strong promoter holding of 53.66%, which has remained stable over recent quarters, indicating consistent management confidence. Foreign institutional investors (FIIs) hold 9.25%, while domestic institutional investors (DIIs) have increased their stake to 24.63%. The public holding has decreased to 11.59%, reflecting a shift in investor confidence towards institutional backing. The total number of shareholders has declined from 3,28,787 in December 2022 to 2,40,982 by September 2025, which could suggest a consolidation of shares among larger investors. This pattern may indicate a strategic focus on long-term growth rather than short-term speculation, enhancing the company’s stability in the market. The increase in DIIs and stable promoter holding can foster a positive outlook for Firstsource in the eyes of potential investors.
Outlook, Risks, and Final Insight
Firstsource Solutions Ltd is poised for growth, driven by the increasing demand for IT-enabled services and digital transformation solutions. However, risks remain, including potential fluctuations in global demand and competition from other IT service providers. The declining net profit trend could also pose a challenge if not addressed through strategic initiatives. Additionally, the company’s liquidity position, as indicated by a current ratio below 1, may impact its operational flexibility. Should Firstsource manage to enhance its profitability while maintaining its strong balance sheet, it could solidify its position as a leader in the IT services sector. Conversely, failure to adapt to market changes or address profitability concerns may hinder its growth trajectory. Investors should remain vigilant regarding these dynamics as the company navigates its path forward in a competitive landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
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 | 10.7 Cr. | 33.0 | 33.0/14.2 | 7.31 | 21.3 | 0.00 % | 19.6 % | 22.4 % | 10.0 |
| eMudhra Ltd | 5,035 Cr. | 609 | 1,024/604 | 53.0 | 98.2 | 0.21 % | 15.3 % | 12.1 % | 5.00 |
| BNR Udyog Ltd | 12.7 Cr. | 42.3 | 90.0/42.0 | 32.9 | 0.00 % | 10.0 % | 5.52 % | 10.0 | |
| BLS E-Services Ltd | 1,944 Cr. | 214 | 233/131 | 34.5 | 55.5 | 0.47 % | 15.8 % | 11.0 % | 10.0 |
| BGIL Films & Technologies Ltd | 20.5 Cr. | 18.1 | 24.7/5.53 | 16.7 | 0.00 % | 0.34 % | 0.88 % | 10.0 | |
| Industry Average | 8,156.33 Cr | 668.99 | 38.06 | 189.10 | 0.41% | 20.05% | 20.85% | 7.41 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,472 | 1,488 | 1,505 | 1,557 | 1,529 | 1,540 | 1,597 | 1,670 | 1,791 | 1,925 | 2,102 | 2,161 | 2,218 |
| Expenses | 1,291 | 1,296 | 1,295 | 1,313 | 1,289 | 1,311 | 1,359 | 1,420 | 1,521 | 1,638 | 1,785 | 1,829 | 1,871 |
| Operating Profit | 181 | 192 | 210 | 244 | 240 | 229 | 237 | 250 | 270 | 287 | 318 | 333 | 347 |
| OPM % | 12% | 13% | 14% | 16% | 16% | 15% | 15% | 15% | 15% | 15% | 15% | 15% | 16% |
| Other Income | 6 | 49 | 62 | 13 | 2 | 17 | 15 | 3 | 2 | -3 | 7 | 2 | 7 |
| Interest | 19 | 20 | 20 | 21 | 25 | 26 | 25 | 27 | 32 | 34 | 39 | 43 | 43 |
| Depreciation | 64 | 66 | 69 | 64 | 61 | 65 | 66 | 67 | 73 | 79 | 84 | 91 | 97 |
| Profit before tax | 105 | 155 | 184 | 172 | 155 | 154 | 161 | 159 | 167 | 171 | 201 | 202 | 213 |
| Tax % | 19% | 16% | 14% | 18% | 19% | 18% | 20% | 16% | 19% | 19% | 20% | 20% | 21% |
| Net Profit | 85 | 129 | 158 | 141 | 126 | 127 | 129 | 134 | 135 | 138 | 160 | 161 | 169 |
| EPS in Rs | 1.22 | 1.85 | 2.26 | 2.02 | 1.79 | 1.80 | 1.83 | 1.90 | 1.92 | 1.96 | 2.27 | 2.27 | 2.39 |
Last Updated: August 1, 2025, 9:20 pm
Below is a detailed analysis of the quarterly data for Firstsource Solutions Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,218.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,161.00 Cr. (Mar 2025) to 2,218.00 Cr., marking an increase of 57.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,871.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,829.00 Cr. (Mar 2025) to 1,871.00 Cr., marking an increase of 42.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 347.00 Cr.. The value appears strong and on an upward trend. It has increased from 333.00 Cr. (Mar 2025) to 347.00 Cr., marking an increase of 14.00 Cr..
- For OPM %, as of Jun 2025, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 15.00% (Mar 2025) to 16.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 7.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Mar 2025) to 7.00 Cr., marking an increase of 5.00 Cr..
- For Interest, as of Jun 2025, the value is 43.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 43.00 Cr..
- For Depreciation, as of Jun 2025, the value is 97.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 91.00 Cr. (Mar 2025) to 97.00 Cr., marking an increase of 6.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 213.00 Cr.. The value appears strong and on an upward trend. It has increased from 202.00 Cr. (Mar 2025) to 213.00 Cr., marking an increase of 11.00 Cr..
- For Tax %, as of Jun 2025, the value is 21.00%. The value appears to be increasing, which may not be favorable. It has increased from 20.00% (Mar 2025) to 21.00%, marking an increase of 1.00%.
- For Net Profit, as of Jun 2025, the value is 169.00 Cr.. The value appears strong and on an upward trend. It has increased from 161.00 Cr. (Mar 2025) to 169.00 Cr., marking an increase of 8.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.39. The value appears strong and on an upward trend. It has increased from 2.27 (Mar 2025) to 2.39, marking an increase of 0.12.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 5:23 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,106 | 3,035 | 3,217 | 3,556 | 3,535 | 3,826 | 4,099 | 5,078 | 5,921 | 6,022 | 6,336 | 7,980 | 8,794 |
| Expenses | 2,735 | 2,645 | 2,819 | 3,109 | 3,064 | 3,274 | 3,445 | 4,239 | 4,939 | 5,165 | 5,329 | 6,743 | 7,420 |
| Operating Profit | 371 | 390 | 398 | 447 | 471 | 552 | 654 | 839 | 982 | 858 | 1,008 | 1,238 | 1,374 |
| OPM % | 12% | 13% | 12% | 13% | 13% | 14% | 16% | 17% | 17% | 14% | 16% | 16% | 16% |
| Other Income | 2 | 7 | 9 | 3 | 5 | 4 | 9 | -114 | 1 | 131 | 37 | 14 | 16 |
| Interest | 94 | 80 | 61 | 54 | 53 | 46 | 83 | 87 | 86 | 110 | 155 | 184 | 168 |
| Depreciation | 76 | 72 | 61 | 59 | 66 | 74 | 185 | 206 | 249 | 263 | 260 | 327 | 382 |
| Profit before tax | 203 | 244 | 286 | 337 | 358 | 436 | 394 | 432 | 647 | 615 | 630 | 741 | 840 |
| Tax % | 5% | 4% | 9% | 17% | 9% | 13% | 14% | 16% | 17% | 16% | 18% | 20% | |
| Net Profit | 193 | 234 | 261 | 279 | 327 | 378 | 340 | 362 | 537 | 514 | 515 | 594 | 670 |
| EPS in Rs | 2.92 | 3.52 | 3.87 | 4.11 | 4.76 | 5.47 | 4.90 | 5.20 | 7.69 | 7.33 | 7.31 | 8.41 | 9.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 32% | 37% | 51% | 58% | 45% | 47% | 47% | 47% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 21.24% | 11.54% | 6.90% | 17.20% | 15.60% | -10.05% | 6.47% | 48.34% | -4.28% | 0.19% | 15.34% |
| Change in YoY Net Profit Growth (%) | 0.00% | -9.71% | -4.64% | 10.31% | -1.61% | -25.65% | 16.52% | 41.87% | -52.63% | 4.48% | 15.15% |
Firstsource Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 14% |
| 3 Years: | 10% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 3% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 42% |
| 3 Years: | 50% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 16% |
| 3 Years: | 15% |
| Last Year: | 15% |
Last Updated: September 5, 2025, 4:15 am
Balance Sheet
Last Updated: November 9, 2025, 2:01 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 660 | 666 | 673 | 681 | 687 | 691 | 694 | 696 | 697 | 697 | 697 | 697 | 697 |
| Reserves | 1,432 | 1,422 | 1,104 | 1,347 | 1,665 | 2,030 | 2,072 | 2,103 | 2,336 | 2,670 | 3,003 | 3,401 | 3,669 |
| Borrowings | 1,189 | 1,031 | 891 | 965 | 667 | 557 | 1,356 | 1,194 | 1,784 | 1,393 | 1,526 | 2,569 | 2,369 |
| Other Liabilities | 409 | 306 | 286 | 316 | 352 | 352 | 393 | 789 | 796 | 785 | 702 | 1,091 | 1,587 |
| Total Liabilities | 3,689 | 3,427 | 2,954 | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 8,321 |
| Fixed Assets | 2,730 | 2,444 | 2,022 | 2,068 | 2,080 | 2,223 | 2,871 | 2,998 | 3,744 | 3,716 | 3,853 | 4,994 | 5,094 |
| CWIP | 0 | 8 | 2 | 4 | 2 | 2 | 0 | 0 | 3 | 3 | 17 | 49 | 9 |
| Investments | 5 | 73 | 85 | 163 | 34 | 134 | 12 | 94 | 130 | 71 | 42 | 73 | 103 |
| Other Assets | 953 | 901 | 845 | 1,074 | 1,255 | 1,271 | 1,630 | 1,691 | 1,736 | 1,754 | 2,017 | 2,642 | 3,114 |
| Total Assets | 3,689 | 3,427 | 2,954 | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 8,321 |
Below is a detailed analysis of the balance sheet data for Firstsource Solutions Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 697.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 697.00 Cr..
- For Reserves, as of Sep 2025, the value is 3,669.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,401.00 Cr. (Mar 2025) to 3,669.00 Cr., marking an increase of 268.00 Cr..
- For Borrowings, as of Sep 2025, the value is 2,369.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,569.00 Cr. (Mar 2025) to 2,369.00 Cr., marking a decrease of 200.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 1,587.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,091.00 Cr. (Mar 2025) to 1,587.00 Cr., marking an increase of 496.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 8,321.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7,758.00 Cr. (Mar 2025) to 8,321.00 Cr., marking an increase of 563.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 5,094.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,994.00 Cr. (Mar 2025) to 5,094.00 Cr., marking an increase of 100.00 Cr..
- For CWIP, as of Sep 2025, the value is 9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 49.00 Cr. (Mar 2025) to 9.00 Cr., marking a decrease of 40.00 Cr..
- For Investments, as of Sep 2025, the value is 103.00 Cr.. The value appears strong and on an upward trend. It has increased from 73.00 Cr. (Mar 2025) to 103.00 Cr., marking an increase of 30.00 Cr..
- For Other Assets, as of Sep 2025, the value is 3,114.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,642.00 Cr. (Mar 2025) to 3,114.00 Cr., marking an increase of 472.00 Cr..
- For Total Assets, as of Sep 2025, the value is 8,321.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,758.00 Cr. (Mar 2025) to 8,321.00 Cr., marking an increase of 563.00 Cr..
Notably, the Reserves (3,669.00 Cr.) exceed the Borrowings (2,369.00 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.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 370.00 | 389.00 | -493.00 | -518.00 | -196.00 | -5.00 | 653.00 | 838.00 | 981.00 | 857.00 | 0.00 | -1.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 35 | 34 | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 35 | 35 | 34 | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 |
| Working Capital Days | -35 | -33 | -27 | -33 | -35 | -20 | -37 | -28 | -20 | -22 | -19 | -20 |
| ROCE % | 9% | 10% | 12% | 14% | 13% | 15% | 13% | 16% | 17% | 15% | 16% | 15% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Small Cap Fund - Regular Plan | 60,176,764 | 4.01 | 1263.47 | 60,176,764 | 2025-04-22 07:44:41 | 0% |
| Tata Digital India Fund | 10,123,112 | 2.08 | 212.54 | 10,123,112 | 2025-04-22 17:25:35 | 0% |
| SBI Technology Opportunities Fund | 7,645,887 | 4.21 | 160.53 | 7,645,887 | 2025-04-22 17:25:35 | 0% |
| ICICI Prudential Technology Fund | 7,407,789 | 1.23 | 155.53 | 7,407,789 | 2025-04-22 17:25:35 | 0% |
| Mahindra Manulife Small Cap Fund | 4,000,000 | 1.84 | 83.98 | 4,000,000 | 2025-04-22 17:25:35 | 0% |
| Aditya Birla Sun Life Digital India Fund | 3,153,856 | 1.42 | 66.22 | 3,153,856 | 2025-04-22 01:28:26 | 0% |
| UTI Small Cap Fund | 2,883,567 | 1.43 | 60.54 | 2,883,567 | 2025-04-22 07:44:41 | 0% |
| Axis Small Cap Fund | 2,705,999 | 0.26 | 56.82 | 2,705,999 | 2025-04-22 17:25:35 | 0% |
| ICICI Prudential Smallcap Fund | 2,535,126 | 0.63 | 53.23 | 2,535,126 | 2025-04-22 17:25:35 | 0% |
| Sundaram Small Cap Fund | 2,058,571 | 1.3 | 43.22 | 2,058,571 | 2025-04-22 07:44:41 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 8.63 | 7.52 | 7.55 | 7.90 | 5.31 |
| Diluted EPS (Rs.) | 8.42 | 7.34 | 7.32 | 7.62 | 5.13 |
| Cash EPS (Rs.) | 13.22 | 11.12 | 11.15 | 11.28 | 8.16 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 58.79 | 53.10 | 48.31 | 43.52 | 40.22 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 58.79 | 53.10 | 48.31 | 43.52 | 40.22 |
| Revenue From Operations / Share (Rs.) | 114.50 | 90.91 | 86.40 | 84.95 | 72.95 |
| PBDIT / Share (Rs.) | 17.31 | 14.25 | 13.73 | 13.78 | 11.57 |
| PBIT / Share (Rs.) | 12.62 | 10.52 | 9.96 | 10.20 | 8.61 |
| PBT / Share (Rs.) | 10.63 | 9.03 | 8.83 | 9.28 | 6.20 |
| Net Profit / Share (Rs.) | 8.53 | 7.38 | 7.37 | 7.70 | 5.20 |
| NP After MI And SOA / Share (Rs.) | 8.53 | 7.38 | 7.37 | 7.71 | 5.20 |
| PBDIT Margin (%) | 15.12 | 15.67 | 15.89 | 16.22 | 15.86 |
| PBIT Margin (%) | 11.02 | 11.56 | 11.52 | 12.00 | 11.79 |
| PBT Margin (%) | 9.28 | 9.93 | 10.21 | 10.92 | 8.50 |
| Net Profit Margin (%) | 7.44 | 8.12 | 8.53 | 9.06 | 7.12 |
| NP After MI And SOA Margin (%) | 7.44 | 8.12 | 8.53 | 9.07 | 7.12 |
| Return on Networth / Equity (%) | 14.50 | 13.91 | 15.25 | 17.71 | 12.92 |
| Return on Capital Employeed (%) | 16.01 | 16.50 | 16.91 | 17.03 | 17.47 |
| Return On Assets (%) | 7.50 | 8.46 | 9.06 | 9.41 | 7.48 |
| Long Term Debt / Equity (X) | 0.08 | 0.00 | 0.04 | 0.09 | 0.03 |
| Total Debt / Equity (X) | 0.37 | 0.21 | 0.24 | 0.33 | 0.18 |
| Asset Turnover Ratio (%) | 1.14 | 1.08 | 1.06 | 0.42 | 0.36 |
| Current Ratio (X) | 0.91 | 0.93 | 0.90 | 0.92 | 0.87 |
| Quick Ratio (X) | 0.91 | 0.93 | 0.90 | 0.92 | 0.87 |
| Dividend Payout Ratio (NP) (%) | 46.40 | 46.74 | 46.41 | 44.36 | 56.33 |
| Dividend Payout Ratio (CP) (%) | 29.93 | 31.04 | 30.69 | 30.30 | 35.87 |
| Earning Retention Ratio (%) | 53.60 | 53.26 | 53.59 | 55.64 | 43.67 |
| Cash Earning Retention Ratio (%) | 70.07 | 68.96 | 69.31 | 69.70 | 64.13 |
| Interest Coverage Ratio (X) | 8.16 | 9.61 | 12.12 | 15.02 | 15.42 |
| Interest Coverage Ratio (Post Tax) (X) | 4.96 | 5.98 | 7.51 | 9.39 | 10.13 |
| Enterprise Value (Cr.) | 25116.07 | 14375.87 | 8021.54 | 9632.58 | 8313.04 |
| EV / Net Operating Revenue (X) | 3.15 | 2.27 | 1.33 | 1.63 | 1.64 |
| EV / EBITDA (X) | 20.81 | 14.47 | 8.38 | 10.03 | 10.32 |
| MarketCap / Net Operating Revenue (X) | 2.98 | 2.17 | 1.22 | 1.47 | 1.56 |
| Retention Ratios (%) | 53.59 | 53.25 | 53.58 | 55.63 | 43.66 |
| Price / BV (X) | 5.80 | 3.72 | 2.18 | 2.87 | 2.83 |
| Price / Net Operating Revenue (X) | 2.98 | 2.17 | 1.22 | 1.47 | 1.56 |
| EarningsYield | 0.02 | 0.03 | 0.06 | 0.06 | 0.04 |
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 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 8.63. This value is within the healthy range. It has increased from 7.52 (Mar 24) to 8.63, marking an increase of 1.11.
- For Diluted EPS (Rs.), as of Mar 25, the value is 8.42. This value is within the healthy range. It has increased from 7.34 (Mar 24) to 8.42, marking an increase of 1.08.
- For Cash EPS (Rs.), as of Mar 25, the value is 13.22. This value is within the healthy range. It has increased from 11.12 (Mar 24) to 13.22, marking an increase of 2.10.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 58.79. It has increased from 53.10 (Mar 24) to 58.79, marking an increase of 5.69.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 58.79. It has increased from 53.10 (Mar 24) to 58.79, marking an increase of 5.69.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 114.50. It has increased from 90.91 (Mar 24) to 114.50, marking an increase of 23.59.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 17.31. This value is within the healthy range. It has increased from 14.25 (Mar 24) to 17.31, marking an increase of 3.06.
- For PBIT / Share (Rs.), as of Mar 25, the value is 12.62. This value is within the healthy range. It has increased from 10.52 (Mar 24) to 12.62, marking an increase of 2.10.
- For PBT / Share (Rs.), as of Mar 25, the value is 10.63. This value is within the healthy range. It has increased from 9.03 (Mar 24) to 10.63, marking an increase of 1.60.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 8.53. This value is within the healthy range. It has increased from 7.38 (Mar 24) to 8.53, marking an increase of 1.15.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 8.53. This value is within the healthy range. It has increased from 7.38 (Mar 24) to 8.53, marking an increase of 1.15.
- For PBDIT Margin (%), as of Mar 25, the value is 15.12. This value is within the healthy range. It has decreased from 15.67 (Mar 24) to 15.12, marking a decrease of 0.55.
- For PBIT Margin (%), as of Mar 25, the value is 11.02. This value is within the healthy range. It has decreased from 11.56 (Mar 24) to 11.02, marking a decrease of 0.54.
- For PBT Margin (%), as of Mar 25, the value is 9.28. This value is below the healthy minimum of 10. It has decreased from 9.93 (Mar 24) to 9.28, marking a decrease of 0.65.
- For Net Profit Margin (%), as of Mar 25, the value is 7.44. This value is within the healthy range. It has decreased from 8.12 (Mar 24) to 7.44, marking a decrease of 0.68.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 7.44. This value is below the healthy minimum of 8. It has decreased from 8.12 (Mar 24) to 7.44, marking a decrease of 0.68.
- For Return on Networth / Equity (%), as of Mar 25, the value is 14.50. This value is below the healthy minimum of 15. It has increased from 13.91 (Mar 24) to 14.50, marking an increase of 0.59.
- For Return on Capital Employeed (%), as of Mar 25, the value is 16.01. This value is within the healthy range. It has decreased from 16.50 (Mar 24) to 16.01, marking a decrease of 0.49.
- For Return On Assets (%), as of Mar 25, the value is 7.50. This value is within the healthy range. It has decreased from 8.46 (Mar 24) to 7.50, marking a decrease of 0.96.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.08. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 24) to 0.08, marking an increase of 0.08.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.37. This value is within the healthy range. It has increased from 0.21 (Mar 24) to 0.37, marking an increase of 0.16.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.14. It has increased from 1.08 (Mar 24) to 1.14, marking an increase of 0.06.
- For Current Ratio (X), as of Mar 25, the value is 0.91. This value is below the healthy minimum of 1.5. It has decreased from 0.93 (Mar 24) to 0.91, marking a decrease of 0.02.
- For Quick Ratio (X), as of Mar 25, the value is 0.91. This value is below the healthy minimum of 1. It has decreased from 0.93 (Mar 24) to 0.91, marking a decrease of 0.02.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 46.40. This value is within the healthy range. It has decreased from 46.74 (Mar 24) to 46.40, marking a decrease of 0.34.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 29.93. This value is within the healthy range. It has decreased from 31.04 (Mar 24) to 29.93, marking a decrease of 1.11.
- For Earning Retention Ratio (%), as of Mar 25, the value is 53.60. This value is within the healthy range. It has increased from 53.26 (Mar 24) to 53.60, marking an increase of 0.34.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 70.07. This value exceeds the healthy maximum of 70. It has increased from 68.96 (Mar 24) to 70.07, marking an increase of 1.11.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 8.16. This value is within the healthy range. It has decreased from 9.61 (Mar 24) to 8.16, marking a decrease of 1.45.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 4.96. This value is within the healthy range. It has decreased from 5.98 (Mar 24) to 4.96, marking a decrease of 1.02.
- For Enterprise Value (Cr.), as of Mar 25, the value is 25,116.07. It has increased from 14,375.87 (Mar 24) to 25,116.07, marking an increase of 10,740.20.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.15. This value exceeds the healthy maximum of 3. It has increased from 2.27 (Mar 24) to 3.15, marking an increase of 0.88.
- For EV / EBITDA (X), as of Mar 25, the value is 20.81. This value exceeds the healthy maximum of 15. It has increased from 14.47 (Mar 24) to 20.81, marking an increase of 6.34.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.98. This value is within the healthy range. It has increased from 2.17 (Mar 24) to 2.98, marking an increase of 0.81.
- For Retention Ratios (%), as of Mar 25, the value is 53.59. This value is within the healthy range. It has increased from 53.25 (Mar 24) to 53.59, marking an increase of 0.34.
- For Price / BV (X), as of Mar 25, the value is 5.80. This value exceeds the healthy maximum of 3. It has increased from 3.72 (Mar 24) to 5.80, marking an increase of 2.08.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.98. This value is within the healthy range. It has increased from 2.17 (Mar 24) to 2.98, marking an increase of 0.81.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.02, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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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:
- Net Profit Margin: 7.44%
- 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.
- ROCE: 16.01% (Industry Average ROCE: 20.05%)
- 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.
- ROE%: 14.5% (Industry Average ROE: 20.85%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 4.96
- 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.
- Quick Ratio: 0.91
- 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.
- Stock P/E: 38.4 (Industry average Stock P/E: 38.06)
- 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.
- Total Debt / Equity: 0.37
- 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.
Stock Rating: - Net Profit Margin: 7.44%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Enabled Services | 5th Floor, Paradigm �B� Wing, Mindspace, Link Road, Mumbai Maharashtra 400064 | complianceofficer@firstsource.com http://www.firstsource.com |
| Management | |
|---|---|
| Name | Position Held |
| Dr. Sanjiv Goenka | Chairman (Non - Executive) & Non Independent Direc |
| Mr. Shashwat Goenka | Vice Chairman, Non Exe&Non Ind.Director |
| Mr. Ritesh Idnani | Managing & Executive Director |
| Mr. Subrata Talukdar | Non Exe.Non Ind.Director |
| Mr. Pradip Kumar Khaitan | Non Exe.Non Ind.Director |
| Mr. Sunil Mitra | Ind. Non-Executive Director |
| Ms. Vanita Uppal | Ind. Non-Executive Director |
| Mr. Utsav Parekh | Ind. Non-Executive Director |
| Ms. Rekha Sethi | Ind. Non-Executive Director |
| Dr. Rajiv Kumar | Ind. Non-Executive Director |
| Mr. T C Suseel Kumar | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Firstsource Solutions Ltd?
Firstsource Solutions Ltd's intrinsic value (as of 25 November 2025) is 287.94 which is 20.02% lower the current market price of 360.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 25,407 Cr. market cap, FY2025-2026 high/low of 423/270, reserves of ₹3,669 Cr, and liabilities of 8,321 Cr.
What is the Market Cap of Firstsource Solutions Ltd?
The Market Cap of Firstsource Solutions Ltd is 25,407 Cr..
What is the current Stock Price of Firstsource Solutions Ltd as on 25 November 2025?
The current stock price of Firstsource Solutions Ltd as on 25 November 2025 is 360.
What is the High / Low of Firstsource Solutions Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Firstsource Solutions Ltd stocks is 423/270.
What is the Stock P/E of Firstsource Solutions Ltd?
The Stock P/E of Firstsource Solutions Ltd is 38.4.
What is the Book Value of Firstsource Solutions Ltd?
The Book Value of Firstsource Solutions Ltd is 61.8.
What is the Dividend Yield of Firstsource Solutions Ltd?
The Dividend Yield of Firstsource Solutions Ltd is 1.11 %.
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 15.0 %.
What is the Face Value of Firstsource Solutions Ltd?
The Face Value of Firstsource Solutions Ltd is 10.0.