Share Price and Basic Stock Data
Last Updated: November 4, 2025, 4:13 pm
| PEG Ratio | 13.70 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Firstsource Solutions Ltd, operating in the IT Enabled Services sector, reported a market capitalization of ₹24,301 Cr and a current share price of ₹344. The company has demonstrated a steady growth trajectory in its revenue over the years, with sales rising from ₹5,921 Cr in March 2022 to ₹6,336 Cr in March 2024, and a trailing twelve months (TTM) revenue of ₹8,407 Cr. Quarterly sales figures also reflected this trend, with an increase from ₹1,472 Cr in June 2022 to ₹1,597 Cr in December 2023. The company’s focus on enhancing service offerings and expanding into new markets has contributed to this growth, positioning it favorably against sector peers. The operational efficiency is evident as the company recorded an operating profit margin (OPM) of 16% for the fiscal year ending March 2025, which is on par with industry standards. Overall, Firstsource Solutions has shown a resilient ability to adapt and grow within a competitive environment.
Profitability and Efficiency Metrics
Firstsource Solutions Ltd’s profitability metrics indicate a robust performance, with a net profit reported at ₹629 Cr for the fiscal year ending March 2025. This figure reflects a slight decline from ₹514 Cr in March 2023, showcasing the impact of rising expenses, which stood at ₹6,743 Cr for the same period. The company’s return on equity (ROE) was recorded at 15.0%, while the return on capital employed (ROCE) stood at 15.4%, both indicating effective capital utilization. The interest coverage ratio (ICR) of 8.16x suggests a strong ability to meet interest obligations, mitigating financial risk. However, the company’s cash conversion cycle (CCC) has increased to 77 days, indicating a potential area of concern regarding working capital management. Overall, while profitability remains solid, the rising expenses and extended CCC could pose challenges to future earnings growth.
Balance Sheet Strength and Financial Ratios
The balance sheet of Firstsource Solutions Ltd reflects a healthy financial position with total assets amounting to ₹7,758 Cr as of March 2025. The company reported reserves of ₹3,401 Cr, which is a positive indicator of retained earnings, supporting future growth initiatives. Borrowings were recorded at ₹2,569 Cr, resulting in a total debt-to-equity ratio of 0.37, signifying manageable leverage levels compared to industry standards. The price-to-book value (P/BV) ratio stood at 5.80x, which may indicate that the stock is trading at a premium compared to its book value, a common scenario for growth-oriented firms. Furthermore, the company’s current ratio of 0.91x suggests a tight liquidity position, slightly below the typical threshold of 1.0x, which may necessitate closer monitoring of short-term obligations. Overall, Firstsource maintains a solid balance sheet, but the liquidity ratios warrant attention.
Shareholding Pattern and Investor Confidence
Firstsource Solutions Ltd’s shareholding pattern indicates a stable ownership structure, with promoters holding 53.66% of the shares, which reflects strong management control. Foreign Institutional Investors (FIIs) accounted for 9.58% of the shareholding, while Domestic Institutional Investors (DIIs) held 23.95%. The public shareholding declined to 11.92%, indicating a consolidation of ownership among institutional investors, which can be interpreted as a sign of confidence in the company’s long-term prospects. The number of shareholders decreased to 2,54,253 as of June 2025, which could suggest a shift in investor sentiment or a strategic repositioning by institutional stakeholders. The gradual increase in DII holdings from 13.26% in September 2022 to 23.95% in June 2025 may reflect growing institutional confidence in the company’s performance, enhancing its credibility in the market.
Outlook, Risks, and Final Insight
Looking ahead, Firstsource Solutions Ltd faces both opportunities and challenges. The company’s growth prospects appear promising, fueled by its expanding service portfolio and increasing market demand for IT-enabled services. However, rising operational expenses and a tightening cash conversion cycle pose risks that could affect profitability. Additionally, the competitive landscape in the IT services sector necessitates continuous innovation and efficiency improvements to maintain market share. Should the company successfully enhance its operational efficiency and manage costs, it could capitalize on growth opportunities. Conversely, failure to address these challenges may hinder its financial performance. Investors should remain vigilant regarding these dynamics, considering both the strengths in its business model and the potential headwinds that could impact future growth trajectories.
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 | 9.68 Cr. | 30.0 | 30.5/14.2 | 6.82 | 21.4 | 0.00 % | 19.6 % | 22.4 % | 10.0 |
| eMudhra Ltd | 5,286 Cr. | 639 | 1,024/625 | 57.7 | 90.0 | 0.20 % | 15.3 % | 12.1 % | 5.00 |
| BNR Udyog Ltd | 14.0 Cr. | 46.6 | 90.0/44.5 | 32.3 | 0.00 % | 10.0 % | 5.52 % | 10.0 | |
| BLS E-Services Ltd | 1,840 Cr. | 202 | 249/131 | 33.3 | 53.1 | 0.49 % | 15.8 % | 11.0 % | 10.0 |
| BGIL Films & Technologies Ltd | 24.1 Cr. | 21.2 | 24.7/4.93 | 16.9 | 0.00 % | 0.34 % | 0.88 % | 10.0 | |
| Industry Average | 8,141.13 Cr | 682.97 | 34.54 | 185.73 | 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: October 15, 2025, 5:21 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 | 8,407 |
| 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 | 7,122 |
| Operating Profit | 371 | 390 | 398 | 447 | 471 | 552 | 654 | 839 | 982 | 858 | 1,008 | 1,238 | 1,285 |
| OPM % | 12% | 13% | 12% | 13% | 13% | 14% | 16% | 17% | 17% | 14% | 16% | 16% | 15% |
| Other Income | 2 | 7 | 9 | 3 | 5 | 4 | 9 | -114 | 1 | 131 | 37 | 14 | 13 |
| Interest | 94 | 80 | 61 | 54 | 53 | 46 | 83 | 87 | 86 | 110 | 155 | 184 | 160 |
| Depreciation | 76 | 72 | 61 | 59 | 66 | 74 | 185 | 206 | 249 | 263 | 260 | 327 | 351 |
| Profit before tax | 203 | 244 | 286 | 337 | 358 | 436 | 394 | 432 | 647 | 615 | 630 | 741 | 787 |
| 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 | 629 |
| 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 | 8.89 |
| 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: July 25, 2025, 3:14 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 660 | 666 | 673 | 681 | 687 | 691 | 694 | 696 | 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 |
| Borrowings | 1,189 | 1,031 | 891 | 965 | 667 | 557 | 1,356 | 1,194 | 1,784 | 1,393 | 1,526 | 2,569 |
| Other Liabilities | 409 | 306 | 286 | 316 | 352 | 352 | 393 | 789 | 796 | 785 | 702 | 1,091 |
| 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 |
| 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 |
| CWIP | 0 | 8 | 2 | 4 | 2 | 2 | 0 | 0 | 3 | 3 | 17 | 49 |
| Investments | 5 | 73 | 85 | 163 | 34 | 134 | 12 | 94 | 130 | 71 | 42 | 73 |
| Other Assets | 953 | 901 | 845 | 1,074 | 1,255 | 1,271 | 1,630 | 1,691 | 1,736 | 1,754 | 2,017 | 2,642 |
| 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 |
Below is a detailed analysis of the balance sheet data for Firstsource Solutions Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, 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 Mar 2025, the value is 3,401.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,003.00 Cr. (Mar 2024) to 3,401.00 Cr., marking an increase of 398.00 Cr..
- For Borrowings, as of Mar 2025, the value is 2,569.00 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 1,526.00 Cr. (Mar 2024) to 2,569.00 Cr., marking an increase of 1,043.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,091.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 702.00 Cr. (Mar 2024) to 1,091.00 Cr., marking an increase of 389.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 7,758.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,929.00 Cr. (Mar 2024) to 7,758.00 Cr., marking an increase of 1,829.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 4,994.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,853.00 Cr. (Mar 2024) to 4,994.00 Cr., marking an increase of 1,141.00 Cr..
- For CWIP, as of Mar 2025, the value is 49.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Mar 2024) to 49.00 Cr., marking an increase of 32.00 Cr..
- For Investments, as of Mar 2025, the value is 73.00 Cr.. The value appears strong and on an upward trend. It has increased from 42.00 Cr. (Mar 2024) to 73.00 Cr., marking an increase of 31.00 Cr..
- For Other Assets, as of Mar 2025, the value is 2,642.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,017.00 Cr. (Mar 2024) to 2,642.00 Cr., marking an increase of 625.00 Cr..
- For Total Assets, as of Mar 2025, the value is 7,758.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,929.00 Cr. (Mar 2024) to 7,758.00 Cr., marking an increase of 1,829.00 Cr..
Notably, the Reserves (3,401.00 Cr.) exceed the Borrowings (2,569.00 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 - No data available for this post.
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: 40.3 (Industry average Stock P/E: 34.54)
- 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 04 November 2025) is 283.66 which is 19.87% lower the current market price of 354.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 25,053 Cr. market cap, FY2025-2026 high/low of 423/270, reserves of ₹3,401 Cr, and liabilities of 7,758 Cr.
What is the Market Cap of Firstsource Solutions Ltd?
The Market Cap of Firstsource Solutions Ltd is 25,053 Cr..
What is the current Stock Price of Firstsource Solutions Ltd as on 04 November 2025?
The current stock price of Firstsource Solutions Ltd as on 04 November 2025 is 354.
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 40.3.
What is the Book Value of Firstsource Solutions Ltd?
The Book Value of Firstsource Solutions Ltd is 58.0.
What is the Dividend Yield of Firstsource Solutions Ltd?
The Dividend Yield of Firstsource Solutions Ltd is 1.13 %.
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.
