Firstsource Solutions Ltd (FSL)
₹292.90
Mkt cap
₹20,709 Cr
P/E ratio
24.30
P/B
4.24
Div yield
1.88%
ROE
17.60%
ROCE
16.80%
EPS (TTM)
₹12.05
Book value
₹69
52W range
202–372
Sector
Services
Price history
Previous close
Firstsource Solutions Limited is a leading player in the Business Process Management (BPM) industry. Part of the RP-Sanjiv Goenka Group , Firstsource provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media and Technology, and other diverse industries. The company has the philosophy of 'Digital First, Digital Now' [1]
NSE FSLBSE 532809
Health check
Constructive
ValuationFair
ProfitabilityStrong
GrowthModerate
TechnicalsBullish
52-week range
−21.21% from high₹293
₹202+45.00% from low₹372
Current
₹292.90
Prev close
₹306.45
Day
−4.42%
Price performance
1D
−6.02%
1W
−0.83%
1M
+15.71%
3M
−3.88%
6M
+34.28%
1Y
−10.31%
YTD
−13.99%
Financials
Revenue, profit & margin
P/E ratio
24.3×
FSL is 2% above the sector median of 23.9×
FSL24.3×
Sector median23.9×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,540 | 1,597 | 1,670 | 1,791 | 1,925 | 2,102 | 2,161 | 2,218 | 2,312 | 2,443 | 2,583 | 2,725 | 2,826 | |
| Expenses | 1,311 | 1,359 | 1,420 | 1,521 | 1,638 | 1,785 | 1,829 | 1,871 | 1,936 | 2,040 | 2,153 | 2,274 | 2,355 | |
| Operating Profit | 229 | 237 | 250 | 270 | 287 | 318 | 333 | 347 | 376 | 403 | 430 | 451 | 471 | |
| OPM % | 15% | 15% | 15% | 15% | 15% | 15% | 15% | 16% | 16% | 16% | 17% | 17% | 17% | |
| Other Income | 17 | 15 | 3 | 2 | -3 | 7 | 2 | 7 | 1 | -97 | -2 | -66 | -2 | |
| Interest | 26 | 25 | 27 | 32 | 34 | 39 | 43 | 43 | 43 | 43 | 52 | 52 | 51 | |
| Depreciation | 65 | 66 | 67 | 73 | 79 | 84 | 91 | 97 | 110 | 111 | 116 | 115 | 118 | |
| Profit before tax | 154 | 161 | 159 | 167 | 171 | 201 | 202 | 213 | 224 | 152 | 261 | 219 | 299 | |
| Tax % | 18% | 20% | 16% | 19% | 19% | 20% | 20% | 21% | 20% | 21% | 21% | 24% | 22% | |
| Net Profit | 127 | 129 | 134 | 135 | 138 | 160 | 161 | 169 | 180 | 120 | 205 | 166 | 232 | |
| EPS in Rs | 1.80 | 1.83 | 1.90 | 1.92 | 1.96 | 2.27 | 2.27 | 2.39 | 2.54 | 1.70 | 2.90 | 2.35 | 3.29 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −1.03% · closed higher next day 16 of last 60
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 7 Feb '24◦ | 3 May '24◦ | 30 Jul '24◦ | 28 Oct '24◦ | 7 Feb '25◦ | 28 Apr '25◦ | 30 Jul '25◦ | 4 Nov '25◦ | 3 Feb '26◦ | 6 May '26 | 6 Aug '26 | 29 Oct '26◦ |
| Earnings day | +4.81% | −5.02% | +0.80% | −7.85% | −0.78% | −0.80% | +2.29% | −0.35% | −1.66% | +11.33% | −4.80% | −6.02% |
| +1 day | −0.41% | −8.22% | +10.96% | −9.19% | +0.75% | −3.91% | +1.48% | −3.43% | −3.54% | +7.57% | −4.85% | — |
| +5 days | −2.93% | −11.51% | +6.44% | +2.12% | −2.76% | −11.48% | +10.72% | +3.39% | −7.88% | +11.06% | −9.13% | — |
| +15 days | −0.48% | −6.59% | +17.20% | −7.56% | −0.20% | +5.66% | +10.21% | −0.77% | −29.41% | +21.20% | −8.39% | — |
| +30 days | −6.89% | −3.83% | +17.39% | −0.11% | −8.42% | +9.11% | +10.12% | −2.89% | −28.90% | +9.77% | −8.33% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202653.66%Promoter
Promoters53.66%
FIIs7.44%0.94
DIIs26.84%1.43
Public11.33%0.38
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Firstsour.Solu. | ₹292.90 | 24.28 | 20,709 | 1.88% | 232 | +30.79% | 2,826 | +22.20% | 16.80% |
| eClerx Services | ₹1,556.70 | 20.16 | 14,641 | 0.06% | 181 | −1.53% | 1,189 | +18.29% | 34.42% |
| Fusion CX Ltd | ₹279.60 | 23.86 | 4,036 | 0.00% | — | — | — | — | 27.41% |
| RPSG Ventures | ₹804.35 | — | 2,661 | 0.00% | 253 | +34.95% | 3,576 | +20.36% | 10.61% |
| One Point One | ₹72.62 | 41.46 | 1,909 | 0.00% | 16 | +72.78% | 158 | +129.42% | 9.59% |
| Hinduja Global | ₹333.70 | — | 1,552 | 1.50% | −66 | −45.26% | 1,050 | −0.56% | 1.46% |
| Alldigi Tech | ₹831.65 | 12.53 | 1,267 | 7.21% | 27 | +50.85% | 153 | +4.00% | 27.89% |
| Median: 7 Co. | ₹333.70 | 23.86 | 2,661 | 0.06% | 104 | +32.87% | 1,120 | +19.32% | 16.80% |
Filings
Annual reports15
Concall transcripts119
TranscriptOct 2026PPTOct 2026RECOct 2026PPTOct 2026TranscriptAug 2026PPTAug 2026PPTAug 2026TranscriptMay 2026PPTMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025PPTJul 2025PPTJul 2025TranscriptMay 2025PPTMay 2025
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 31 Oct - The transcript of the investor/analyst call held on Thursday, October 29, 2026, is as enclosedAnnouncement under Regulation 30 (LODR)-Newspaper Publication 31 Oct - Newspaper Publication for Quarter & Half Year ended 30th September 2026, is as enclosedAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Oct - Audio recording of Q2 and H1 FY2027 earnings call uploaded after board-approved results on 29 October 2026.Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 29 OctAnnouncement under Regulation 30 (LODR)-Investor Presentation 29 Oct