Firstsource Solutions Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 17.6%)
- ✓Efficient capital deployment (ROCE 16.8%)
- ✓Attractively valued vs sector (P/E 25.2x vs industry 43.8x)
- ✓Regular dividends — yield 2.1%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone Limited | ₹1,818 | ₹4.2L Cr | 32.7 | 4.37 | 16.4 | 14.1 | 0.85 |
| INDIGO InterGlobe Aviation Limited | ₹5,115 | ₹2.0L Cr | 37.4 | 28.42 | -12.2 | 7.12 | 8.67 |
| GMRAIRPORT GMR AIRPORTS LIMITED | ₹110 | ₹1.2L Cr | 561 | -46.7 | — | 11.6 | -15.17 |
| JSWINFRA JSW Infrastructure Limited | ₹345 -1.12% | ₹80K Cr | 50.2 | 6.65 | 15.4 | 13.7 | 0.52 |
| CONCOR Container Corporation of India Limited | ₹481 | ₹37K Cr | 29.9 | 2.83 | 9.81 | 12.4 | 0.07 |
| DELHIVERY Delhivery Limited | ₹466 | ₹37K Cr | 206 | 3.61 | 1.87 | 2.82 | 0.17 |
| REDINGTON Redington Limited | ₹270 +0.17% | ₹22K Cr | 13.5 | 1.84 | 16.9 | 18.4 | 0.27 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
FSL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% |
| FII | 9.89% | 9.59% | 9.36% | 11.63% | 11.01% | 10.07% |
| DII | 18.16% | 19.27% | 19.52% | 18.60% | 20.89% | 22.90% |
| Public | 16.86% | 16.15% | 16.15% | 15.00% | 13.36% | 12.26% |
| Others | 1.44% | 1.35% | 1.32% | 1.12% | 1.09% | 1.11% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Interim Dividend - Rs 5.50 Per Share
Interim Dividend - Rs 4 Per Share
Annual General Meeting
Interim Dividend - Rs 3.50 Per Share
Annual General Meeting
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.6K Cr ▲5.7% | ₹2.4K Cr ▲5.7% | ₹2.3K Cr ▲4.2% | ₹2.2K Cr ▲2.6% | ₹2.2K Cr ▲2.8% | ₹2.1K Cr ▲9.2% | ₹1.9K Cr ▲7.5% | ₹1.8K Cr |
| Op. Profit | ₹430 Cr ▲6.7% | ₹403 Cr ▲7.2% | ₹376 Cr ▲8.4% | ₹347 Cr ▲4.2% | ₹333 Cr ▲4.7% | ₹318 Cr ▲10.8% | ₹287 Cr ▲6.3% | ₹270 Cr |
| OPM | 17.0% ▲6.3% | 16.0% ▲0.0% | 16.0% ▲0.0% | 16.0% ▲6.7% | 15.0% ▲0.0% | 15.0% ▲0.0% | 15.0% ▲0.0% | 15.0% |
| Net Profit | ₹205 Cr ▲70.8% | ₹120 Cr ▼33.3% | ₹180 Cr ▲6.5% | ₹169 Cr ▲5.0% | ₹161 Cr ▲0.6% | ₹160 Cr ▲15.9% | ₹138 Cr ▲2.2% | ₹135 Cr |
| EPS (₹) | 2.9 ▲70.6% | 1.7 ▼33.1% | 2.54 ▲6.3% | 2.39 ▲5.3% | 2.27 ▲0.0% | 2.27 ▲15.8% | 1.96 ▲2.1% | 1.92 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹9.6K Cr ▲19.7% | ₹8.0K Cr ▲25.9% | ₹6.3K Cr ▲5.2% | ₹6.0K Cr ▲1.7% | ₹5.9K Cr ▲16.6% | ₹5.1K Cr ▲23.9% | ₹4.1K Cr ▲7.1% | ₹3.8K Cr ▲8.2% | ₹3.5K Cr ▼0.6% | ₹3.6K Cr |
| Expenses | ₹8.0K Cr ▲18.0% | ₹6.7K Cr ▲26.4% | ₹5.3K Cr ▲3.2% | ₹5.2K Cr ▲4.6% | ₹4.9K Cr ▲16.5% | ₹4.2K Cr ▲23.0% | ₹3.4K Cr ▲5.2% | ₹3.3K Cr ▲6.9% | ₹3.1K Cr ▼1.4% | ₹3.1K Cr |
| Op. Profit | ₹1.6K Cr ▲29.0% | ₹1.2K Cr ▲23.4% | ₹1.0K Cr ▲17.5% | ₹858 Cr ▼12.6% | ₹982 Cr ▲17.0% | ₹839 Cr ▲28.3% | ₹654 Cr ▲18.5% | ₹552 Cr ▲17.2% | ₹471 Cr ▲5.4% | ₹447 Cr |
| OPM | 17.0% ▲6.3% | 16.0% ▲0.0% | 16.0% ▲14.3% | 14.0% ▼17.6% | 17.0% ▲0.0% | 17.0% ▲6.3% | 16.0% ▲14.3% | 14.0% ▲7.7% | 13.0% ▲0.0% | 13.0% |
| Other Income | ₹-91 Cr ▼1237.5% | ₹8 Cr ▼78.4% | ₹37 Cr ▼71.8% | ₹131 Cr ▲13000.0% | ₹1 Cr ▲100.9% | ₹-114 Cr ▼1366.7% | ₹9 Cr ▲125.0% | ₹4 Cr ▼20.0% | ₹5 Cr ▲66.7% | ₹3 Cr |
| Interest | ₹230 Cr ▲25.0% | ₹184 Cr ▲18.7% | ₹155 Cr ▲40.9% | ₹110 Cr ▲27.9% | ₹86 Cr ▼1.1% | ₹87 Cr ▲4.8% | ₹83 Cr ▲80.4% | ₹46 Cr ▼13.2% | ₹53 Cr ▼1.9% | ₹54 Cr |
| Depreciation | ₹434 Cr ▲32.7% | ₹327 Cr ▲25.8% | ₹260 Cr ▼1.1% | ₹263 Cr ▲5.6% | ₹249 Cr ▲20.9% | ₹206 Cr ▲11.4% | ₹185 Cr ▲150.0% | ₹74 Cr ▲12.1% | ₹66 Cr ▲11.9% | ₹59 Cr |
| PBT | ₹850 Cr ▲14.7% | ₹741 Cr ▲17.6% | ₹630 Cr ▲2.4% | ₹615 Cr ▼4.9% | ₹647 Cr ▲49.8% | ₹432 Cr ▲9.6% | ₹394 Cr ▼9.6% | ₹436 Cr ▲21.8% | ₹358 Cr ▲6.2% | ₹337 Cr |
| Tax % | 21.0% ▲5.0% | 20.0% ▲11.1% | 18.0% ▲12.5% | 16.0% ▼5.9% | 17.0% ▲6.3% | 16.0% ▲14.3% | 14.0% ▲7.7% | 13.0% ▲44.4% | 9.0% ▼47.1% | 17.0% |
| Net Profit | ₹674 Cr ▲13.5% | ₹594 Cr ▲15.3% | ₹515 Cr ▲0.2% | ₹514 Cr ▼4.3% | ₹537 Cr ▲48.3% | ₹362 Cr ▲6.5% | ₹340 Cr ▼10.1% | ₹378 Cr ▲15.6% | ₹327 Cr ▲17.2% | ₹279 Cr |
| EPS (₹) | 9.54 ▲13.4% | 8.41 ▲15.0% | 7.31 ▼0.3% | 7.33 ▼4.7% | 7.69 ▲47.9% | 5.2 ▲6.1% | 4.9 ▼10.4% | 5.47 ▲14.9% | 4.76 ▲15.8% | 4.11 |
| Div Payout | 57.0% ▲21.3% | 47.0% ▲0.0% | 47.0% ▲0.0% | 47.0% ▲4.4% | 45.0% ▼22.4% | 58.0% ▲13.7% | 51.0% ▲37.8% | 37.0% ▲15.6% | 32.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹697 Cr ▲0.0% | ₹697 Cr ▲0.0% | ₹697 Cr ▲0.0% | ₹697 Cr ▲0.0% | ₹697 Cr ▲0.1% | ₹696 Cr ▲0.3% | ₹694 Cr ▲0.4% | ₹691 Cr ▲0.6% | ₹687 Cr ▲0.9% | ₹681 Cr |
| Reserves | ₹3.7K Cr ▲8.4% | ₹3.4K Cr ▲13.3% | ₹3.0K Cr ▲12.5% | ₹2.7K Cr ▲14.3% | ₹2.3K Cr ▲11.1% | ₹2.1K Cr ▲1.5% | ₹2.1K Cr ▲2.1% | ₹2.0K Cr ▲21.9% | ₹1.7K Cr ▲23.6% | ₹1.3K Cr |
| Borrowings | ₹2.9K Cr ▲13.7% | ₹2.6K Cr ▲68.3% | ₹1.5K Cr ▲9.5% | ₹1.4K Cr ▼21.9% | ₹1.8K Cr ▲49.4% | ₹1.2K Cr ▼11.9% | ₹1.4K Cr ▲143.4% | ₹557 Cr ▼16.5% | ₹667 Cr ▼30.9% | ₹965 Cr |
| Other Liabilities | ₹1.8K Cr ▲67.3% | ₹1.1K Cr ▲55.4% | ₹702 Cr ▼10.6% | ₹785 Cr ▼1.4% | ₹796 Cr ▲0.9% | ₹789 Cr ▲100.8% | ₹393 Cr ▲11.6% | ₹352 Cr ▲0.0% | ₹352 Cr ▲11.4% | ₹316 Cr |
| Total Liabilities | ₹9.1K Cr ▲17.7% | ₹7.8K Cr ▲30.8% | ₹5.9K Cr ▲6.9% | ₹5.5K Cr ▼1.2% | ₹5.6K Cr ▲17.4% | ₹4.8K Cr ▲6.0% | ₹4.5K Cr ▲24.4% | ₹3.6K Cr ▲7.7% | ₹3.4K Cr ▲1.9% | ₹3.3K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹5.6K Cr ▲11.5% | ₹5.0K Cr ▲29.6% | ₹3.9K Cr ▲3.7% | ₹3.7K Cr ▼0.7% | ₹3.7K Cr ▲24.9% | ₹3.0K Cr ▲4.4% | ₹2.9K Cr ▲29.1% | ₹2.2K Cr ▲6.9% | ₹2.1K Cr ▲0.6% | ₹2.1K Cr |
| CWIP | ₹30 Cr ▼38.8% | ₹49 Cr ▲188.2% | ₹17 Cr ▲466.7% | ₹3 Cr ▲0.0% | ₹3 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▼50.0% | ₹4 Cr |
| Investments | ₹116 Cr ▲58.9% | ₹73 Cr ▲73.8% | ₹42 Cr ▼40.8% | ₹71 Cr ▼45.4% | ₹130 Cr ▲38.3% | ₹94 Cr ▲683.3% | ₹12 Cr ▼91.0% | ₹134 Cr ▲294.1% | ₹34 Cr ▼79.1% | ₹163 Cr |
| Other Assets | ₹3.4K Cr ▲29.4% | ₹2.6K Cr ▲31.0% | ₹2.0K Cr ▲15.0% | ₹1.8K Cr ▲1.0% | ₹1.7K Cr ▲2.7% | ₹1.7K Cr ▲3.7% | ₹1.6K Cr ▲28.2% | ₹1.3K Cr ▲1.3% | ₹1.3K Cr ▲16.9% | ₹1.1K Cr |
| Total Assets | ₹9.1K Cr ▲17.7% | ₹7.8K Cr ▲30.8% | ₹5.9K Cr ▲6.9% | ₹5.5K Cr ▼1.2% | ₹5.6K Cr ▲17.4% | ₹4.8K Cr ▲6.0% | ₹4.5K Cr ▲24.4% | ₹3.6K Cr ▲7.7% | ₹3.4K Cr ▲1.9% | ₹3.3K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.2K Cr ▲73.2% | ₹701 Cr ▲8.9% | ₹644 Cr ▼19.0% | ₹795 Cr ▲12.9% | ₹704 Cr ▼27.9% | ₹976 Cr ▲138.0% | ₹410 Cr ▲2.5% | ₹400 Cr ▲27.0% | ₹315 Cr ▲57.5% | ₹200 Cr |
| Investing CF | ₹-443 Cr ▲40.5% | ₹-744 Cr ▼1205.3% | ₹-57 Cr ▼435.3% | ₹17 Cr ▲102.9% | ₹-594 Cr ▼72.7% | ₹-344 Cr ▼3540.0% | ₹10 Cr ▲104.9% | ₹-203 Cr ▼311.5% | ₹96 Cr ▲141.2% | ₹-233 Cr |
| Financing CF | ₹-667 Cr ▼3000.0% | ₹23 Cr ▲104.1% | ₹-563 Cr ▲24.2% | ₹-743 Cr ▼370.3% | ₹-158 Cr ▲77.1% | ₹-689 Cr ▼148.7% | ₹-277 Cr ▼1.5% | ₹-273 Cr ▲16.5% | ₹-327 Cr ▼8275.0% | ₹4 Cr |
| Net Cash Flow | ₹104 Cr ▲595.2% | ₹-21 Cr ▼191.3% | ₹23 Cr ▼66.7% | ₹69 Cr ▲240.8% | ₹-49 Cr ▲15.5% | ₹-58 Cr ▼140.6% | ₹143 Cr ▲288.2% | ₹-76 Cr ▼190.5% | ₹84 Cr ▲380.0% | ₹-30 Cr |
| Free Cash Flow | ₹1.1K Cr ▲126.8% | ₹477 Cr ▼14.7% | ₹559 Cr ▼24.9% | ₹744 Cr ▲17.9% | ₹631 Cr ▼21.7% | ₹806 Cr ▲171.4% | ₹297 Cr ▲1.7% | ₹292 Cr ▲13.2% | ₹258 Cr ▲109.8% | ₹123 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79d ▲2.6% | 77d ▲14.9% | 67d ▲6.3% | 63d ▲6.8% | 59d ▼3.3% | 61d ▲22.0% | 50d ▲35.1% | 37d ▼5.1% | 39d ▲25.8% | 31d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 79d ▲2.6% | 77d ▲14.9% | 67d ▲6.3% | 63d ▲6.8% | 59d ▼3.3% | 61d ▲22.0% | 50d ▲35.1% | 37d ▼5.1% | 39d ▲25.8% | 31d |
| Working Capital Days | -40d ▼100.0% | -20d ▼5.3% | -19d ▲13.6% | -22d ▼10.0% | -20d ▲28.6% | -28d ▲24.3% | -37d ▼85.0% | -20d ▲42.9% | -35d ▼6.1% | -33d |
| ROCE | 17.0% ▲13.3% | 15.0% ▼6.3% | 16.0% ▲6.7% | 15.0% ▼11.8% | 17.0% ▲6.3% | 16.0% ▲23.1% | 13.0% ▼13.3% | 15.0% ▲15.4% | 13.0% ▼7.1% | 14.0% |
Source: Screener.in · Lower days = better efficiency
About Firstsource Solutions Limited
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]
Services · Commercial Services & Supplies