Share Price and Basic Stock Data
Last Updated: January 3, 2026, 11:20 am
| PEG Ratio | 8.56 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Firstsource Solutions Ltd operates in the IT Enabled Services sector, with a current market price of ₹341 and a market capitalization of ₹24,078 Cr. The company has shown consistent revenue growth, with sales increasing from ₹6,022 Cr in FY 2023 to ₹7,980 Cr in FY 2025. Quarterly sales figures reflect a steady upward trajectory, with revenues reported at ₹1,472 Cr in June 2022, rising to ₹2,161 Cr by March 2025. This growth is indicative of robust demand for its services, underpinned by effective operational strategies. The operating profit margin (OPM) has stabilized around 15% since FY 2024, reflecting efficient cost management. The company has also managed to maintain a healthy net profit of ₹670 Cr, demonstrating its ability to convert revenues into profits effectively. The significant increase in sales and consistent profit margins suggest that Firstsource Solutions is well-positioned to capitalize on the growing IT services market in India.
Profitability and Efficiency Metrics
Firstsource Solutions has demonstrated commendable profitability metrics, with a return on equity (ROE) standing at 15% and a return on capital employed (ROCE) at 15.4%. The net profit margin for the trailing twelve months (TTM) is reported at 7.44%, showcasing the company’s ability to retain earnings after accounting for all expenses. The interest coverage ratio (ICR) of 8.16x indicates a strong ability to meet interest obligations, reflecting financial stability. Additionally, the company’s operating profit has shown resilience, with reported figures of ₹1,238 Cr for FY 2025. The cash conversion cycle (CCC) of 77 days suggests efficient management of receivables and payables, although it has slightly increased from previous years, indicating potential areas for improvement in working capital management. Overall, these metrics underscore Firstsource’s operational efficiency and profitability in a competitive environment.
Balance Sheet Strength and Financial Ratios
Firstsource Solutions maintains a solid balance sheet, with total assets reported at ₹7,758 Cr and total borrowings of ₹2,369 Cr, resulting in a total debt-to-equity ratio of 0.37. This low leverage suggests a conservative financial structure, allowing for potential growth without excessive risk. Reserves have grown to ₹3,669 Cr, reflecting retained earnings and a strong equity base. The price-to-book value (P/BV) ratio stands at 5.80x, indicating that the market values the company’s growth potential highly compared to its book value. The current ratio is reported at 0.91, which, while below the ideal benchmark of 1, indicates that the company is managing its short-term liabilities effectively. This balance between leveraging debt and maintaining liquidity is critical in navigating economic uncertainties and funding future expansions.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Firstsource Solutions reveals a stable ownership structure, with promoters holding 53.66% of the company. The participation of foreign institutional investors (FIIs) has seen fluctuations, currently standing at 9.25%, while domestic institutional investors (DIIs) have increased their stake to 24.63%. This increasing institutional interest reflects growing confidence in the company’s long-term prospects. The total number of shareholders has decreased to 2,40,982, indicating a consolidation of ownership. The dividend payout ratio of 46.40% signals a commitment to returning value to shareholders, which can enhance investor sentiment. However, the decline in public shareholding from 21.38% in December 2022 to 11.59% in September 2025 may indicate a shift towards institutional ownership, which can be seen as a double-edged sword, potentially affecting liquidity in the stock.
Outlook, Risks, and Final Insight
Looking ahead, Firstsource Solutions is poised for continued growth, driven by digital transformation trends across industries. However, risks remain, including intense competition in the IT services space, which could pressure margins. Additionally, fluctuations in foreign exchange rates may impact profitability, given the company’s exposure to international markets. The rising interest burden, with interest expenses projected to increase as borrowings rise, could also affect net income. Nevertheless, the company’s strong fundamentals, including a solid balance sheet and effective management strategies, position it well for navigating these challenges. If the company can leverage its operational efficiencies and maintain its profit margins, it has the potential to enhance shareholder value while mitigating risks effectively. With strategic investments in technology and talent, Firstsource Solutions could further solidify its market position in the evolving IT landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| N2N Technologies Ltd | 12.9 Cr. | 40.0 | 42.2/14.2 | 8.86 | 21.3 | 0.00 % | 4.04 % | 24.0 % | 10.0 |
| eMudhra Ltd | 4,773 Cr. | 576 | 990/556 | 50.2 | 98.2 | 0.22 % | 15.3 % | 12.1 % | 5.00 |
| BNR Udyog Ltd | 12.8 Cr. | 42.6 | 90.0/38.0 | 32.9 | 0.00 % | 10.0 % | 5.52 % | 10.0 | |
| BLS E-Services Ltd | 1,811 Cr. | 199 | 233/131 | 32.1 | 55.5 | 0.50 % | 15.8 % | 11.0 % | 10.0 |
| BGIL Films & Technologies Ltd | 12.8 Cr. | 11.3 | 24.7/6.31 | 16.7 | 0.00 % | 0.34 % | 0.88 % | 10.0 | |
| Industry Average | 8,141.80 Cr | 680.85 | 36.80 | 189.83 | 0.41% | 19.34% | 20.92% | 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: December 15, 2025, 5:22 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: December 4, 2025, 1:15 am
| 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 | 55,264,362 | 5.03 | 1911.04 | N/A | N/A | N/A |
| Tata Digital India Fund | 10,123,112 | 2.9 | 350.06 | 10,123,112 | 2025-04-22 17:25:35 | 0% |
| SBI Technology Opportunities Fund | 7,645,887 | 5.15 | 264.39 | 7,645,887 | 2025-04-22 17:25:35 | 0% |
| HSBC Small Cap Fund | 4,407,721 | 0.94 | 152.42 | N/A | N/A | N/A |
| Aditya Birla Sun Life Digital India Fund | 3,421,365 | 2.44 | 118.31 | 3,153,856 | 2025-12-08 06:08:33 | 8.48% |
| Edelweiss Mid Cap Fund | 2,364,675 | 0.62 | 81.77 | N/A | N/A | N/A |
| Edelweiss Small Cap Fund | 2,302,393 | 1.49 | 79.62 | N/A | N/A | N/A |
| Mahindra Manulife Small Cap Fund | 2,279,220 | 1.86 | 78.82 | 4,000,000 | 2025-12-08 05:09:58 | -43.02% |
| Axis Small Cap Fund | 2,205,999 | 0.28 | 76.28 | 2,705,999 | 2025-12-08 06:08:33 | -18.48% |
| Axis Multicap Fund | 2,181,621 | 0.82 | 75.44 | N/A | N/A | N/A |
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: 19.34%)
- 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: 20.92%)
- 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: 36.4 (Industry average Stock P/E: 36.8)
- 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 | Contact not found |
| 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 04 January 2026) is ₹273.10 which is 19.91% lower the current market price of ₹341.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹24,078 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 24,078 Cr..
What is the current Stock Price of Firstsource Solutions Ltd as on 04 January 2026?
The current stock price of Firstsource Solutions Ltd as on 04 January 2026 is ₹341.
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 36.4.
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 1.17 %.
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.