Fin Cascade
Get Android appGet iOS app

Prices as of 8 Oct 2026 close · Not investment advice

Firstsource Solutions Limited

NSE: FSLBusiness Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)

Share price

₹266.35

+2.76% close of 8 Oct 2026

Market cap ₹18,565 CrP/E 23.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

67

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹18,565 Cr

P/E ratio

23.3

P/B ratio

4.3

ROCE

16.8%

ROE

17.6%

Dividend yield

2.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹367.2052-week low ₹204.39

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 19.7% over the past year, and 10.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 15.3% to 16.5% over the last four years.

Whether it grew faster than its sector

It grew 10.5% a year against a sector median of 9.8% — 0.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 23.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 23.3×, across 3 companies. It is against its own five-year median of 23.7×, the 48th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.7 times its growth rate, on earnings growth of 14%.

Profit growthPrice per ₹1 profitPer 1% growth
Firstsource Solutions Limited — this one14%/yr23.3×₹1.7
eClerx Services Limited13%/yr23.3×₹1.8
RPSG VENTURES LIMITED3%/yr——
One Point One Solutions Limited51%/yr45.2×₹0.89
Hinduja Global Solutions Limited-50%/yr——
Alldigi Tech Limited20%/yr12.7×₹0.64

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)), it ranks 3 of 7 on returns, 6 of 7 on growth, 4 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.8% on capital, ahead of 57% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹4058 crore of cash from the business, spent ₹565 crore on plant and equipment, and returned ₹2108 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 138 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being paid 20 days before it paid its own suppliers to paid 40 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 23% with growth and margin targets held, but the tax rate guided higher

Announced 6 Aug 2026 · Consolidated · Audited

Revenue

₹2,725 Cr

Revenue vs last year

+22.9%

Revenue vs last quarter

+5.5%

Net profit

₹166 Cr

Profit vs last year

-1.8%

Profit vs last quarter

-19.1%

Net margin

6.1%

EPS

₹2.40

Earnings call transcript · 6 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹18,565 Cr
Prev close
₹266.35
52w High
₹372
52w Low
₹202
Enterprise value
₹21,499 Cr
Beta
1.2
Price CAGR 1y
-21.0%
Price CAGR 3y
17.0%
Price CAGR 5y
4.0%
Price CAGR 10y
20.0%

Ratios

Return on assets
7.4%
PEG ratio
1.7
P/E ratio
23.3
P/B ratio
4.3
EV / EBITDA
13.6
Industry P/E
20.2
ROCE
16.8%
ROCE 5y average
16.0%
ROE
17.6%
Debt / Equity
0.7
Interest coverage
4.7
Dividend yield
2.1%
ROE 3y average
16.0%
ROE last year
18.0%

Annual P&L

Annual revenue
₹9,556 Cr
Annual profit
₹674 Cr
Operating margin
17.0%
Net profit margin
7.1%
EBITDA margin
16.8%
Sales growth 3y
16.6%
Sales growth 5y
13.5%
Profit growth 3y
14.0%
Profit growth 5y
10.0%
EPS
₹9.5
Sales growth TTM
20.0%
Profit growth TTM
28.0%
Dividend payout
57.0%

Quarter P&L

Sales latest quarter
₹2,725 Cr
Profit latest quarter
₹166 Cr
YoY quarterly sales growth
22.9%
YoY quarterly profit growth
-1.8%
OPM latest quarter
16.6%

Balance Sheet

Book Value
₹62.9
Face Value
₹10.0
Total debt
₹2,922 Cr
Total cash
₹269 Cr
Borrowings
₹2,922 Cr
Reserves / Equity
5.3

Cash Flow

Operating cash flow
₹1,214 Cr
Free cash flow
₹1,082 Cr
FCF yield
4.6%
Net cash flow
₹104 Cr

Shareholding

Promoter holding
53.7%
FII holding
8.4%
DII holding
25.4%
Public holding
11.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Firstsour.Solu.259.2023.018,3262.12165.930.02,724.922.916.8
eClerx Services1,896.0024.517,8320.05164.216.01,152.423.334.4
RPSG Ventures870.152,8790.00253.135.03,576.420.410.6
One Point One78.7745.02,0710.0016.372.8158.3129.49.6
Hinduja Global363.001,6891.38-66.3-45.31,050.4-0.61.5
Alldigi Tech783.8013.01,1947.6618.121.7150.34.427.9
NSB BPO59.859.31200.007.020.088.529.98.2
Median363.0023.02,0710.0518.121.71,050.422.910.6

Competes with: Alldigi Tech Limited, Hinduja Global Solutions Limited, One Point One Solutions Limited, RPSG VENTURES LIMITED, WE WIN LIMITED, eClerx Services Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5291,5401,5971,6701,7911,9252,1022,1612,2182,3122,4432,5832,725
Expenses1,2891,3111,3591,4201,5211,6381,7851,8291,8711,9362,0402,1532,274
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost1,3521,3211,3621,4311,4771,532
Other Expenses477550574609676742
Operating Profit240229237250270287318333347376403430451
OPM %16151515151515151616161717
Other Income2171532-37271-97-2-66
Exceptional items (within Other Income)001.91-1000-72
Interest25262527323439434343435252
Depreciation616566677379849197110111116115
Profit before tax155154161159167171201202213224152261219
Tax %19182016191920202120212124
Net Profit126127129134135138160161169180120205166
EPS in Rs1.791.801.831.901.921.962.272.272.392.541.702.902.35
Diluted EPS in Rs2.282.402.541.712.912.36

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,0353,2173,5563,5353,8264,0995,0785,9216,0226,3367,9809,55610,064
Expenses2,6452,8193,1093,0643,2743,4454,2394,9395,1655,3296,7377,9528,403
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost4,9965,590
Other Expenses1,7772,410
Operating Profit3903984474715526548399828581,0081,2441,6051,660
OPM %13121313141617171416161716
Other Income793549-1141131378-91-163
Exceptional items (within Other Income)8.81-98
Interest8061545346838786110155184230190
Depreciation7261596674185206249263260327434451
Profit before tax244286337358436394432647615630741850856
Tax %491791314161716182021
Net Profit234261279327378340362537514515594674671
EPS in Rs3.523.874.114.765.474.905.207.697.337.318.419.549.49
Diluted EPS in Rs8.429.56
Dividend Payout %-0-0-0323751584547474757

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
12%
5 years
13%
3 years
17%
TTM
20%

Compounded profit growth

10 years
11%
5 years
10%
3 years
14%
TTM
28%

Stock price CAGR

10 years
20%
5 years
4%
3 years
17%
1 year
-21%

Return on equity

10 years
16%
5 years
16%
3 years
16%
Last year
18%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666673681687691694696697697697697697
Reserves1,4221,1041,3471,6652,0302,0722,1032,3362,6703,0033,4013,688
Borrowings1,0318919656675571,3561,1941,7841,3931,5262,5692,922
Other Liabilities3062863163523523937897967857021,0911,825
Minority Interest0.400.40
Total Liabilities3,4272,9543,3093,3713,6304,5144,7835,6135,5455,9297,7589,131
Fixed Assets2,4442,0222,0682,0802,2232,8712,9983,7443,7163,8534,9945,567
CWIP82422-0-033174930
Investments7385163341341294130714273116
Other Assets9018451,0741,2551,2711,6301,6911,7361,7542,0172,6423,419
Total Assets3,4272,9543,3093,3713,6304,5144,7835,6135,5455,9297,7589,131

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2462972003154004109767047956447011,214
Cash from Investing Activity-104-101-23396-20310-344-59417-57-744-443
Cash from Financing Activity-246-2074-327-273-277-689-158-743-56323-667
Net Cash Flow-105-11-3084-76143-58-496923-21104
Free Cash Flow2012121232582922978066317445594771,082

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days353431393750615963677779
Cash Conversion Cycle353431393750615963677779
Working Capital Days-33-27-33-35-20-37-28-20-22-19-20-40
ROCE %101214131513161715161517

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters545454545454545454545454
FIIs109.899.599.361211109.589.259.208.858.38
DIIs161819201921232425252525
Public181716161513121212111112
Others21.441.351.321.121.091.110.890.880.830.950.85
No. of Shareholders2,87,1852,75,2332,66,8742,58,7892,82,8592,80,6392,66,8682,54,2532,40,9822,30,4722,29,9352,42,813

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -18.9% (₹328.40 → ₹266.35)Brick size ₹10.45 (fixed)Bricks 48
₹250₹300₹350₹266Nov '25Jan '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹266.35 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

28,44,725inr

2026-03-31

News

News and filings about Firstsource Solutions Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

Sells to

  • US & UK healthcare payers and providers (claims, RCM, medical billing — Sourcepoint/QBSS) · BPM / healthcare operations (NelsonHall Healthcare Payer leader)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Classification
Services › Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
ISIN
INE684F01012

Business segments

  • Healthcare · 33%
  • Banking and Financial Services · 32%
  • Communication, Media and Technology · 21%
  • Diverse Industries · 13%

News impact

Big market events that reach Firstsource Solutions Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

20 Feb 2026interim₹5.5
21 Feb 2025interim₹4
16 Feb 2024interim₹3.5
17 Feb 2023interim₹3.5
17 Feb 2022interim₹3.5
17 Feb 2021interim₹3
27 Feb 2020interim₹2.5
25 Jul 2019unspecified₹2

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
30 Sep 2026Firstsource Employee Benefit Trust · TrustSELL2,1200.06
30 Sep 2026Firstsource Employee Benefit Trust · TrustSELL28,3310.03
28 Sep 2026Shamita Mukherjee · Designated PersonSELL10,0000.26
9 Sep 2026Firstsource Employee Benefit Trust · TrustSELL65,8980.07
9 Sep 2026Firstsource Employee Benefit Trust · TrustSELL2,0700.05
31 Aug 2026Firstsource Employee Benefit Trust · TrustSELL59,3091.60
31 Aug 2026Firstsource Employee Benefit Trust · TrustSELL36,3070.98
31 Aug 2026Firstsource Employee Benefit Trust · TrustSELL1,73,3930.17
31 Aug 2026Firstsource Employee Benefit Trust · TrustSELL8740.02
25 Aug 2026Firstsource Employee Benefit Trust · TrustSELL39,4001.06

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.