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Firstsource Solutions Ltd

FSL Share Price

350.700.06% (+0.20)
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With a market cap of ₹24,228 cr, stock is ranked 303

Stock is 3.30x as volatile as Nifty

FSL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹24,228 cr, stock is ranked 303

Stock is 3.30x as volatile as Nifty

FSL Performance & Key Metrics

FSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.175.911.15%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.777.562.53%

FSL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
89%
Analysts have suggested that investors can buy this stock

from 9 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

FSL Company Profile

Firstsource Solutions Limited is a provider of a range of business process management services. The Company provides its services to a range of sectors, including healthcare, telecommunications and media, banking and insurance.

Investor Presentation

View older View older 

Nov 4, 2025

PDF
View Older Presentations
PE Ratio
42.46
42.46
1Y Return
35.59%
35.59%
Buy Reco %
77.78
77.78
PE Ratio
26.86
26.86
1Y Return
19.76%
19.76%
Buy Reco %
100.00
100.00
PE Ratio
652.66
652.66
1Y Return
896.05%
896.05%
Buy Reco %
0.00
0.00
PE Ratio
18.07
18.07
1Y Return
35.60%
35.60%
Buy Reco %
0.00
0.00
PE Ratio
43.02
43.02
1Y Return
7.66%
7.66%
Buy Reco %
0.00
0.00
Compare with Peers

FSL Sentiment Analysis

FSL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

FSL Stock Summary · August 2025

In Q1 FY26, the company demonstrated robust revenue growth of 23.8% year-over-year, driven by strong client acquisition and strategic contract wins, particularly in the healthcare and CMT sectors. Despite facing macroeconomic challenges, especially in Europe, management remains optimistic, bolstered by a healthy deal pipeline and a focus on margin expansion through operational efficiencies and strategic acquisitions. The shift towards outcome-based models in the collections business and the integration of technology and automation are enhancing service delivery and client value. Employee engagement has improved significantly, contributing to lower attrition rates, while the company’s commitment to ESG principles further strengthens its market positioning. Overall, the outlook remains positive, with a clear strategy to navigate challenges and capitalize on growth opportunities.

FSL Stock Growth Drivers
FSL Stock Growth Drivers
8
  • Strong Financial Performance

    In Q1FY26, the company reported a revenue growth of 23.8% year-over-year, totaling Rs. 22.2 billion

  • Successful Client Acquisition

    The company added 17 new logos in Q1, the highest quarterly addition in three years,

FSL Stock Challenges
FSL Stock Challenges
4
  • Decline in Headcount and Margin Concerns

    The company experienced a decrease in overall headcount, with a reduction of 156 associates, bringing

  • Soft Performance in Banking Vertical

    The banking vertical faced a soft quarter, which may be indicative of broader challenges within

FSL Forecast

FSL Forecasts

Price

Revenue

Earnings

FSL

FSL

Income

Balance Sheet

Cash Flow

FSL Income Statement

FSL Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.26%, vs industry avg of 9.82%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 31.45% to 38.32%

Lower than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.84%, vs industry avg of 16.23%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue3,558.813,540.683,830.174,107.455,079.255,921.716,153.176,378.697,999.558,809.99
Raw Materialssubtract0.000.000.000.000.000.000.000.000.007,420.12
Power & Fuel Costsubtract36.2031.7228.0728.5022.0925.8633.3768.3488.43
Employee Costsubtract2,383.442,395.482,557.262,773.533,467.233,946.763,867.483,908.654,995.16
Selling & Administrative Expensessubtract517.64475.17502.95430.17456.33674.92963.66736.03856.75
Operating & Other expensessubtract171.82161.50185.57212.79408.25291.19300.02621.22807.44
Depreciation/Amortizationsubtract58.9665.9274.44185.20206.35249.37263.17260.22327.04381.81
Interest & Other Itemssubtract53.8352.8845.9683.0687.1686.50110.25154.55184.09168.14
Taxes & Other Itemssubtract56.9231.4958.1354.5370.15109.74101.49114.95146.20170.08
EPS4.134.775.484.915.207.717.377.398.539.61
DPS0.001.502.002.503.003.503.503.504.004.00
Payout ratio0.000.310.360.510.580.450.470.470.470.42

FSL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Nov 4PDF
Nov 4PDF
Aug 29PDF
+2 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Apr 28PDF
Apr 28PDF
Mar 10PDF
+2 more
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual Report Unavailable

FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
FY 2015FY 2015

Annual report

PDF
 

FSL Stock Peers

FSL Past Performance & Peer Comparison

FSL Past Performance & Peer Comparison

Comparing 3 stocks from 
Information TechnologyOutsourced services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Firstsource Solutions Ltd40.765.911.15%
eClerx Services Limited42.469.960.02%
Bls International Services Ltd26.866.760.30%
Spice Lounge Food Works Ltd652.6633.98

FSL Stock Price Comparison

Compare FSL with any stock or ETF
Compare FSL with any stock or ETF
FSL
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FSL Holdings

FSL Shareholdings

FSL Promoter Holdings Trend

FSL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

FSL Institutional Holdings Trend

FSL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

FSL Shareholding Pattern

FSL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding53.66%17.83%6.80%9.25%12.47%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

FSL Shareholding History

FSL Shareholding History

JunSepDec '24MarJunSep9.36%11.63%11.01%10.08%9.58%9.25%

Mutual Funds Invested in FSL

Mutual Funds Invested in FSL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Firstsource Solutions Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
8.1279%5.09%-0.03%1/87 (0)
1.4888%3.04%0.03%10/42 (-1)
1.1839%4.36%0.62%6/43 (+6)

Compare 3-month MF holding change on Screener

FSL Insider Trades & Bulk Stock Deals

FSL Insider Trades & Bulk Stock Deals

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smallcases containing FSL stock

smallcases containing FSL stock

Looks like this stock is not in any smallcase yet.

FSL Events

FSL Events

FSL Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

FSL has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.51 every year

Dividends

Corp. Actions

Announcements

Legal Orders

FSL Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

FSL has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.15%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.51 every year

FSL Upcoming Dividends

FSL Upcoming Dividends

No upcoming dividends are available

FSL Past Dividends

FSL Past Dividends

Cash Dividend

Ex DateEx DateFeb 21, 2025

Interim
Interim | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Feb 21, 2025

Cash Dividend

Ex DateEx DateFeb 16, 2024

Interim
Interim | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Feb 16, 2024

Cash Dividend

Ex DateEx DateFeb 17, 2023

Interim
Interim | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Feb 17, 2023

Cash Dividend

Ex DateEx DateFeb 17, 2022

Interim
Interim | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Feb 17, 2022

Cash Dividend

Ex DateEx DateFeb 17, 2021

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 17, 2021

FSL Stock News & Opinions

FSL Stock News & Opinions

Corporate
Firstsource Solutions allots 98,202 equity shares under ESOP

Firstsource Solutions has allotted 98,202 equity shared under ESOP on 27 November 2025. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Firstsource Solutions allots 30,831 equity shares under ESOS

Firstsource Solutions has allotted 30,831 equity shares under ESOS on 19 November 2025. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Firstsource Solutions announces strategic investment in Lyzr.ai

 Firstsource Solutions announced a strategic investment in Lyzr.ai, a cutting-edge enterprise AI agent infrastructure platform that enables organizations to build secure, reliable, and interconnected AI agents anchored by comprehensive knowledge bases, orchestration, and robust responsible AI governance. This investment marks a significant milestone in advancing Firstsource's UnBPO' vision - a bold reimagination of how work gets done by seamlessly blending human ingenuity with enterprise-grade, responsible AI. UnBPO' embodies a transformative shift from traditional outsourcing and labor arbitrage toward technology arbitrage that enables organizations to become more adaptive, intelligent, and purpose driven. Lyzr.ai's agent infrastructure is already driving impactful use cases across diverse industries, including customer experience, healthcare claims negotiation, banking KYC, IT ticketing, and legal contract intelligence. These align directly with Firstsource's commitment to building practical, human-centered AI that generates real-world, measurable impact. By embedding Lyzr.ai's agentic AI into its core operating model through UnBPO', Firstsource is advancing outcome-driven, secure, and compliant automation of mission-critical, high-touch processes. The partnership embodies Firstsource's role as an orchestrator of ecosystem innovation, where responsible AI augments decision-making and fuels business transformation that is scalable, transparent, and sustainable. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Firstsource Solutions consolidated net profit rises 29.88% in the September 2025 quarter

Net profit of Firstsource Solutions rose 29.88% to Rs 179.52 crore in the quarter ended September 2025 as against Rs 138.22 crore during the previous quarter ended September 2024. Sales rose 19.77% to Rs 2314.70 crore in the quarter ended September 2025 as against Rs 1932.61 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2314.701932.61 20 OPM %16.2414.86 - PBDT331.98250.22 33 PBT222.42171.03 30 NP179.52138.22 30 Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Firstsource Solutions standalone net profit rises 6.74% in the September 2025 quarter

Net profit of Firstsource Solutions rose 6.74% to Rs 98.05 crore in the quarter ended September 2025 as against Rs 91.86 crore during the previous quarter ended September 2024. Sales rose 25.20% to Rs 691.59 crore in the quarter ended September 2025 as against Rs 552.37 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales691.59552.37 25 OPM %25.5725.38 - PBDT172.02138.57 24 PBT117.78112.30 5 NP98.0591.86 7 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Firstsource Solutions to discuss results

Firstsource Solutions will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Firstsource Solutions allots 73,993 equity shares under ESOP

Firstsource Solutions has allotted 73,993 equity shares under ESOP on 24 September 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Firstsource Solutions appoints Kumaran Shanmuhan as Chief Strategy Officer

Firstsource Solutions announced the appointment of Kumaran Shanmuhan as their Chief Strategy Officer, effective 15 September 2025. His appointment is a strategic step in advancing Firstsource's bold UnBPO' vision - a transformative reimagining of outsourcing driven by expertise, technology, and outcome-oriented solutions. As Chief Strategy Officer, Kumaran will lead the development and execution of Firstsource's long-term strategic agenda. His mandate includes driving practical alignment between evolving market trends and business priorities, identifying high-impact growth opportunities, and embedding innovation. Collaborating closely with the CEO and executive leadership team, Kumaran will ensure that strategy translates into measurable outcomes, empowering Firstsource to deliver greater value to clients and sustain its competitive edge in a fast-evolving global market.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Firstsource Solutions allots 1.84 lakh equity shares under ESOP

Firstsource Solutions has allotted 184,679 equity shares under ESOP on 06 August 2025. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Firstsource Solutions gains after Q1 PAT rises 25% YoY to Rs 169 cr in FY26

Profit before tax (PBT) rose 27.48% YoY to Rs 213.23 crore in Q1 FY26. Total expense jumped 23.72% year on year to Rs 2,011.25 crore during the quarter. Employee benefits expense was at Rs 1,320.70 crore (up 17.21% YoY), while other expenses stood at Rs 549.86 crore (up 39.41% YoY) during the period under review. EBITDA stood at Rs 347.1 crore in Q1 FY26, registering growth of 28.6% as compared with Rs 269.9 crore in Q1 FY25. EBITDA margin improved to 15.7% in Q1 FY26 as against 15.1% in Q1 FY25. In dollar terms, the revenue stood at $259 million, registering a growth of 20.7% YoY. On constant currency terms, revenue was at 1.6% QoQ and 19.2% YoY. The company's employee strength stood at 34,495 at the end of Q1 FY26. Offshore and nearshore hires accounted for 80% of gross additions. The attrition rate declined further to 28.9%, marking a 13 percentage point improvement over the past eight quarters. Looking ahead, the company now expects revenue to grow between 13% and 15% in FY26, in constant currency terms'slightly raising the lower end of its earlier forecast of 12% to 15%. This estimate doesn't factor in any potential boost from Pastdue Credit Solutions, as that deal is still awaiting regulatory approval. The company also continues to target an EBIT margin of 11.25% to 12% for the full year. Sanjiv Goenka, chairman of RPSG Group and Firstsource Solutions, said, 'We've begun FY26 on a positive note, building on the momentum of a breakthrough FY25. The consistent cadence of large, high-quality deal wins quarter after quarter underscores our ability to deliver impact at scale'powered by AI, deep domain expertise, and agile operations. Our differentiated UnBPO' approach, coupled with a focus on nonlinear, multi-tower engagements, continues to fuel sustainable growth, even in a volatile macro environment. With AI now embedded at the heart of our delivery through the Firstsource relAI' suite and Agentic AI Studio, I am confident that our people, platforms, and partnerships will continue to power meaningful outcomes for our clients and stakeholders.' Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company.Powered by Capital Market - Live

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Firstsource Solutions Ltd (FSL) today?

    The share price of FSL as on 5th December 2025 is ₹350.70. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Firstsource Solutions Ltd (FSL) share?

    The past returns of Firstsource Solutions Ltd (FSL) share are
    • Past 1 week: -1.29%
    • Past 1 month: -1.15%
    • Past 3 months: -3.07%
    • Past 6 months: -7.97%
    • Past 1 year: -5.96%
    • Past 3 years: 208.67%
    • Past 5 years: 361.79%

  3. What are the peers or stocks similar to Firstsource Solutions Ltd (FSL)?
  4. What is the dividend yield % of Firstsource Solutions Ltd (FSL) share?

    The current dividend yield of Firstsource Solutions Ltd (FSL) is 1.15.

  5. What is the market cap of Firstsource Solutions Ltd (FSL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Firstsource Solutions Ltd (FSL) is ₹24228.71 Cr as of 5th December 2025.

  6. What is the 52 week high and low of Firstsource Solutions Ltd (FSL) share?

    The 52-week high of Firstsource Solutions Ltd (FSL) is ₹422.30 and the 52-week low is ₹270.

  7. What is the PE and PB ratio of Firstsource Solutions Ltd (FSL) stock?

    The P/E (price-to-earnings) ratio of Firstsource Solutions Ltd (FSL) is 40.76. The P/B (price-to-book) ratio is 5.91.

  8. Which sector does Firstsource Solutions Ltd (FSL) belong to?

    Firstsource Solutions Ltd (FSL) belongs to the Information Technology sector & Outsourced services sub-sector.

  9. How to buy Firstsource Solutions Ltd (FSL) shares?

    You can directly buy Firstsource Solutions Ltd (FSL) shares on Tickertape. Simply sign up, connect your demat account and place your order.