Firstsource Solutions Limited

Firstsource Solutions Limited

289.20
INR
+5.20
(+1.83%)
9.38EPS
23.93P/E
157.95BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
47.5
45.3
48.03
52.58
50.22
54.9
58.46
73.82
86.25
87.95
92.54
115.73
139.24
145.43
Basic EPS, GAAP
2.93
3.53
3.89
4.14
4.78
5.48
4.9
5.31
7.9
7.55
7.52
8.63
9.77
9.56
Free Cash Flow per Basic Share
5.47
3.01
3.16
1.69
3.7
4.22
4.29
11.77
9.09
10.89
8.17
6.68
14.74
- -
Dividend per Share
- -
- -
- -
- -
- -
1.81
5.43
2.99
3.51
3.5
3.52
4
5.5
- -
Book Value per Share
31.7
22.16
26.39
29.77
34.26
39.37
39.86
40.21
44.6
49.41
53.82
59.53
63.51
- -
Tangible Book Value per Share
-8.39
-5.29
-2.47
0.7
5.22
8.86
6.96
7.91
2.8
4.7
9.41
4.26
-0.23
- -
Basic Weighted Avg Shares
658
663
670
676
683
690
693
682
680
681
684
689
691
691
Sales/Revenue/Turnover
31,270
30,034
32,173
35,556
34,315
37,867
40,502
50,327
58,657
59,859
63,325
79,721
96,161
100,532
Operating Margin (%)
9.44
10.58
10.49
10.9
11.82
12.62
11.57
12.57
12.5
9.93
11.6
11.14
11.86
11.86
Depreciation Expense
757
722
609
590
659
744
1,852
2,064
2,494
2,632
2,602
3,270
4,341
4,392
Net Income, GAAP
1,930
2,343
2,605
2,800
3,265
3,778
3,397
3,617
5,374
5,137
5,147
5,945
6,744
6,608
Effective Tax Rate (%)
4.96
3.91
8.83
17.12
8.78
13.34
13.83
16.25
17.09
16.5
18.26
19.74
20.64
21.78
Profit Margin (%)
6.17
7.8
8.1
7.87
9.52
9.98
8.39
7.19
9.16
8.58
8.13
7.46
7.01
6.57
Working Capital
-1,086
-2,457
-911
-1,278
-1,935
-437
-2,266
-1,703
-1,138
-1,514
-1,029
-2,046
-7,162
- -
LT Debt
6,642
3,943
4,098
3,580
142
69
4,081
5,709
8,987
5,861
5,714
11,489
9,212
- -
Total Equity
20,929
14,782
17,790
20,292
23,530
27,213
27,660
27,998
30,333
33,672
37,008
40,980
43,849
- -
Return on Invested Capital (%)
6.11
8.03
10.31
11.21
12.16
12.94
10.78
12.84
13.61
10.33
11.94
12.1
11.89
- -
Return on Capital (%)
8.74
10.47
11.92
11.24
12.07
12.78
10.54
9.99
13.42
12.1
12
11.99
11.71
- -
Return on Common Equity (%)
10.14
13.13
16.01
14.72
14.91
14.9
12.38
13
18.43
16.05
14.57
15.25
15.9
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
20,007
- -
LT Borrowings
- -
1,897
- -
LT Finance Leases
- -
7,315
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
688
690
690
Market Capitalization
231,050
141,006
157,954

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
27,623
- -
Cash, Cash Equivalents & STI
- -
847
- -
Accounts Receivable, Net
- -
13,094
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
34,785
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
20,007
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.55%
9.4%
7%
Free Cash Flow
33.84%
15.21%
121.41%
Net Income, GAAP
10.95%
14.66%
13.45%
Sales/Revenue/Turnover
11.95%
14.18%
20.62%
Total Cash Common Dividend
- -
14.07%
37.8%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
17,839
19,326
20,879
21,678
79,721
2026
22,209
- -
24,674
26,130
96,161
2027
27,518
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.97
2.01
2.33
2.33
8.63
2026
2.45
- -
1.74
2.97
9.77
2027
2.4
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
4
2026
- -
- -
- -
- -
5.5
2027
- -
- -
- -
- -
- -

Company Description

CEO
Ritesh Mohan Idnani
Full Time Employees
36,205
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Athena Towers Mumbai MH India 400063
IPO Date
Feb 23, 2007
Business
Firstsource Solutions Limited is a global provider of business process management (BPM) services, specializing in customer experience management, collections and analytics, payment processing, healthcare services, and automation solutions. The company offers a comprehensive portfolio of services including customer acquisition and engagement; customer relationship management; collections management; accounts receivable management; healthcare business process outsourcing; data analytics; robotic process automation; and digital transformation services. Firstsource operates across multiple industries such as banking and financial services, telecommunications, healthcare, and insurance, serving clients worldwide with significant operations in India, the United States, and the United Kingdom. Founded in 2001 and headquartered in Mumbai, India, Firstsource Solutions Limited combines technology and domain expertise to deliver scalable business solutions to global clients. In the past 1-2 years, Firstsource has actively expanded its service offerings and geographic presence through strategic acquisitions and partnerships. It has strengthened its analytics and automation capabilities by integrating cutting-edge technologies and launching new digital service platforms to enhance client operational efficiency. These initiatives align with its strategic focus on driving digital transformation and innovation in customer experience and collections services. Additionally, Firstsource continues to adapt to evolving market demands by investing in advanced healthcare services to support client growth in this sector. The company maintains a strong commitment to leveraging technology-driven solutions to improve business outcomes for its customers and reinforce its competitive position in the BPM industry. Firstsource Solutions Limited is publicly traded on the National Stock Exchange of India (Ticker: FSL.NS) and maintains various subsidiaries focused on delivering specialized services across regions and industry verticals. Its evolving portfolio of BPM services positions it as a prominent player in the global outsourcing landscape, supported by a robust operational framework and a focus on innovation-driven growth.

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