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Firstsource Solutions Ltd

Firstsource Solutions Ltd

FSL Share Price

NSE
247.550.22% (+0.55)
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Returns
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With a market cap of ₹17,101 cr, stock is ranked 400

Stock is 3.31x as volatile as Nifty

FSL Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

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 ₹17,101 cr, stock is ranked 400

Stock is 3.31x as volatile as Nifty

FSL Performance & Key Metrics

FSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
25.364.172.24%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
20.865.623.35%

FSL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 13 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 

May 6, 2026

PDF
View Older Presentations
PE Ratio
18.19
18.19
1Y Return
24.10%
24.10%
Buy Reco %
100.00
100.00
PE Ratio
15.71
15.71
1Y Return
29.21%
29.21%
Buy Reco %
100.00
100.00
PE Ratio
61.80
61.80
1Y Return
21.43%
21.43%
Buy Reco %
0.00
0.00
PE Ratio
177.81
177.81
1Y Return
1.87%
1.87%
Buy Reco %
0.00
0.00
PE Ratio
39.72
39.72
1Y Return
1.92%
1.92%
Buy Reco %
0.00
0.00
Compare with Peers

FSL Sentiment Analysis

FSL Sentiment Analysis

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Crisp summary & key insights to decode earnings calls instantly

FSL Stock Summary · May 2026

Management framed the quarter as a continued period of strong, profitable growth, with Q4 revenue of INR 25.8 billion and an improving EBIT margin of 12.2% that marked another quarter of margin expansion. They emphasized a strategic shift to an “Intelligence‑that‑operates” model—packaged as Kairos—to deliver accountable, agentic AI that moves commercial value from seats to outcomes, supported by investments in governance, model‑agnostic architectures and domain‑plus‑AI talent. Management highlighted robust large‑deal momentum and a record pipeline above US$1 billion, alongside 17 large deals closed in FY26, while noting several transformative wins will ramp in phases and therefore postpone some near‑term revenue. Acquisitions contributed meaningfully to growth but also raised net debt (INR 16.3 billion), and management reiterated a capital‑allocation stance that balances ~40–50% cash returns with M&A, expecting debt to trend down over time. For FY27 they guided constant‑currency revenue growth of 10–13% with an EBIT margin of 12.25–12.75%, building roughly 2% of inorganic contribution into that outlook and targeting multi‑year margin expansion.

FSL Stock Growth Drivers
FSL Stock Growth Drivers
5
  • Robust financial performance, cash generation and disciplined capital allocation

    Firstsource achieved a major revenue milestone by surpassing a $1.0 billion annual revenue run rate

  • Sustained large‑deal momentum and broadening client base

    The company demonstrated consistent commercial traction with record large‑deal activity and expanding client depth: 17

FSL Stock Challenges
FSL Stock Challenges
4
  • Regulatory- and timing-driven near-term revenue disruptions

    Q4 performance was materially affected by discrete timing and regulatory events that produced measurable short-term

  • Deteriorating liquidity and higher leverage

    Balance-sheet metrics weakened during Q4 as the company ended the period with a cash balance

FSL Forecast

FSL Forecasts

Price

Revenue

Earnings

FSL

FSL

Income

Balance Sheet

Cash Flow

FSL Income Statement

FSL Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue1,611.961,673.271,792.941,922.662,109.092,163.582,224.482,312.842,446.702,581.75
Operating & Other expensessubtract1,359.471,420.131,521.231,638.111,784.721,828.641,870.571,936.192,140.572,153.04
Depreciation/Amortizationsubtract66.2767.3372.8579.1984.4090.6097.25109.56111.20116.09
Interest & Other Itemssubtract25.4226.5331.6034.3339.3242.6243.4442.7643.2552.02
Taxes & Other Itemssubtract32.0625.7832.0032.8140.3541.0243.8944.8231.3455.36
EPS1.881.941.972.012.332.332.452.601.742.97

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

May 6PDF
May 6PDF
Feb 3PDF
+6 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Apr 28PDF
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 Ltd25.364.172.24%
eClerx Services Ltd18.195.570.07%
Bls International Services Ltd15.715.340.19%
Hinduja Global Solutions Ltd61.800.251.17%

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%18.49%7.00%8.86%12.00%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

FSL Shareholding History

FSL Shareholding History

Dec '24MarJunSepDec '25Mar11.01%10.08%9.58%9.25%9.19%8.86%

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)
8.7513%3.92%0.72%2/87 (+2)
1.2121%4.20%0.82%6/44 (+4)
1.1583%2.05%-0.13%11/54 (0)

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 2.24%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹22.42 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 2.24%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹22.42 every year

FSL Upcoming Dividends

FSL Upcoming Dividends

No upcoming dividends are available

FSL Past Dividends

FSL Past Dividends

Cash Dividend

Ex DateEx DateFeb 20, 2026

Interim
Interim | Div/Share: ₹5.50

Dividend/Share

5.50

Ex DateEx Date

Feb 20, 2026

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

FSL Stock News & Opinions

FSL Stock News & Opinions

Corporate
Corporate
Firstsource Solutions allots 9,042 equity shares under ESOP

Firstsource Solutions has allotted 9,042 equity shares under ESOP on 10 June 2026.

2 days agoCapital Market - Live
Spotlight
Spotlight
Firstsource Solutions Ltd leads gainers in 'A' group

Avalon Technologies Ltd, Thermax Ltd, Nuvama Wealth Management Ltd and Mangalore Refinery And Petrochemicals Ltd are among the other gainers in the BSE's 'A' group today, 08 May 2026.Firstsource Solutions Ltd surged 14.58% to Rs 269.55 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 19.68 lakh shares were traded on the counter so far as against the average daily volumes of 2.77 lakh shares in the past one month. Avalon Technologies Ltd soared 12.75% to Rs 1414.95. The stock was the second biggest gainer in 'A' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 21325 shares in the past one month. Thermax Ltd spiked 12.38% to Rs 4700.5. The stock was the third biggest gainer in 'A' group. On the BSE, 74764 shares were traded on the counter so far as against the average daily volumes of 30218 shares in the past one month. Nuvama Wealth Management Ltd gained 10.37% to Rs 1627.65. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.72 lakh shares were traded on the counter so far as against the average daily volumes of 16587 shares in the past one month. Mangalore Refinery And Petrochemicals Ltd rose 8.01% to Rs 167.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18.61 lakh shares were traded on the counter so far as against the average daily volumes of 5.76 lakh shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Firstsource Solutions grants 2.38 lakh stock options under ESOP

Firstsource Solutions has granted 2,38,000 stock options under ESOP on 06 May 2026.

1 month agoCapital Market - Live
Earnings
Earnings
Firstsource Solutions consolidated net profit rises 27.72% in the March 2026 quarter

Net profit of Firstsource Solutions rose 27.72% to Rs 205.24 crore in the quarter ended March 2026 as against Rs 160.69 crore during the previous quarter ended March 2025. Sales rose 20.54% to Rs 2613.04 crore in the quarter ended March 2026 as against Rs 2167.77 crore during the previous quarter ended March 2025. For the full year,net profit rose 13.45% to Rs 674.43 crore in the year ended March 2026 as against Rs 594.46 crore during the previous year ended March 2025. Sales rose 20.62% to Rs 9616.12 crore in the year ended March 2026 as against Rs 7972.10 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2613.042167.77 21 9616.127972.10 21 OPM %16.4715.35 -16.1815.15 - PBDT376.69292.31 29 1382.161058.88 31 PBT260.60201.71 29 948.07731.84 30 NP205.24160.69 28 674.43594.46 13 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Spotlight
Volumes spurt at Firstsource Solutions Ltd counter

Sonata Software Ltd, NLC India Ltd, Gujarat Mineral Development Corporation Ltd, HDB Financial Services Ltd are among the other stocks to see a surge in volumes on NSE today, 16 April 2026.Firstsource Solutions Ltd registered volume of 543.18 lakh shares by 14:09 IST on NSE, a 42.35 fold spurt over two-week average daily volume of 12.83 lakh shares. The stock rose 11.30% to Rs.245.25. Volumes stood at 15.37 lakh shares in the last session.Sonata Software Ltd recorded volume of 183.6 lakh shares by 14:09 IST on NSE, a 34.09 times surge over two-week average daily volume of 5.39 lakh shares. The stock gained 12.34% to Rs.285.12. Volumes stood at 5.82 lakh shares in the last session.NLC India Ltd registered volume of 347.4 lakh shares by 14:09 IST on NSE, a 20.14 fold spurt over two-week average daily volume of 17.25 lakh shares. The stock rose 7.76% to Rs.296.55. Volumes stood at 15.42 lakh shares in the last session.Gujarat Mineral Development Corporation Ltd recorded volume of 486.4 lakh shares by 14:09 IST on NSE, a 15.28 times surge over two-week average daily volume of 31.83 lakh shares. The stock gained 18.52% to Rs.737.55. Volumes stood at 47.76 lakh shares in the last session.HDB Financial Services Ltd recorded volume of 107.85 lakh shares by 14:09 IST on NSE, a 14.4 times surge over two-week average daily volume of 7.49 lakh shares. The stock gained 7.20% to Rs.690.70. Volumes stood at 5.68 lakh shares in the last session.

1 month agoCapital Market - Live
Corporate
Corporate
FSL receives recognition for Everest Group and NelsonHall's Healthcare Payer assessments

Firstsource Solutions has been named a Leader in Everest Group Healthcare Payer Intelligent Operations PEAK Matrix' Assessment 2026 and a Leader in the Overall Market Segment of NelsonHall's Healthcare Payer Agility & Innovation NEAT Evaluation 2026. In the Everest Group Healthcare Payer Intelligent Operations PEAK Matrix' Assessment 2026, Firstsource is one of nine Leaders among 33 providers evaluated globally, reflecting market impact, vision, and delivery capability across payer back-office intelligent operations. Key Everest callouts include double-digit revenue growth driven by BPaaS and intelligent operations, along with packaged LoBs (Medicare in a Box, Medicaid in a Box), the UnBPO' approach, relAI' platform capabilities, and a payer-specific claims control tower. NelsonHall's NEAT Evaluation 2026 assessed 11 Healthcare Payer BPS vendors, recognizing those as Leaders that deliver immediate benefit while meeting future client requirements. NelsonHall highlighted Firstsource's production-ready AI workflows, the relAI' platform as the anchor of its digital delivery model, the UnBPO' approach, and R&D investments reflected in the 2025 26 roadmap. NelsonHall also cites a ~70% reduction in manual effort through AI-generated feedback loops.

2 months agoCapital Market - Live
Corporate
Corporate
Firstsource Solutions allots 64,162 equity shares under ESOS

Firstsource Solutions has allotted 64,162 equity shares under ESOS on 23 March 2026. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Earnings
Firstsource Solutions consolidated net profit declines 24.94% in the December 2025 quarter

Net profit of Firstsource Solutions declined 24.94% to Rs 120.33 crore in the quarter ended December 2025 as against Rs 160.31 crore during the previous quarter ended December 2024. Sales rose 18.18% to Rs 2467.45 crore in the quarter ended December 2025 as against Rs 2087.85 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2467.452087.85 18 OPM %16.3215.21 - PBDT363.03276.24 31 PBT251.83191.84 31 NP120.33160.31 -25 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
Firstsource Solutions allots 2.63 lakh equity shares under ESOP

Firstsource Solutions has allotted 263,683 equity shares under ESOP on 10 February 2026. Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Corporate
Board of Firstsource Solutions recommends interim dividend

Firstsource Solutions announced that the Board of Directors of the Company at its meeting held on 3 February 2026, inter alia, have recommended the interim dividend of Rs 5.5 per equity Share (i.e. 55%) , subject to the approval of the shareholders.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 12th June 2026 is ₹247.55. 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: -7.44%
    • Past 1 month: -5.14%
    • Past 3 months: 11.48%
    • Past 6 months: -27.34%
    • Past 1 year: -35.05%
    • Past 3 years: 86.27%
    • Past 5 years: 48.10%

  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 2.24.

  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 ₹17101.89 Cr as of 12th June 2026.

  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 ₹403.80 and the 52-week low is ₹202.

  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 25.36. The P/B (price-to-book) ratio is 4.17.

  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.