Firstsource Solutions Limited
Services›Services›Commercial Services & Supplies›Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Key metrics
Price as of 2026-07-17
Stock price
₹266.38
Market cap
18,566 Cr
Stock P/E
29.7
P/B
4.23
Dividend yield
2.0%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,529 Cr | 3,069 Cr | 4,666 Cr | 6,336 Cr | 1,791 Cr | 3,716 Cr | 2,102 Cr | 2,161 Cr | 2,218 Cr | 2,312 Cr | 2,443 Cr | 2,583 Cr |
| Operating expenses (approx.) | 1,287 Cr | 2,582 Cr | 3,926 Cr | 5,343 Cr | 1,519 Cr | 3,160 Cr | 1,778 Cr | 1,827 Cr | 1,864 Cr | 1,936 Cr | 2,137 Cr | 2,155 Cr |
| EBITDA | 242 Cr | 488 Cr | 740 Cr | 993 Cr | 272 Cr | 556 Cr | 324 Cr | 335 Cr | 354 Cr | 377 Cr | 306 Cr | 429 Cr |
| OPM % | 15.8% | 15.9% | 15.9% | 15.7% | 15.2% | 15.0% | 15.4% | 15.5% | 16.0% | 16.3% | 12.5% | 16.6% |
| Other income | 2 Cr | 19 Cr | 34 Cr | 37 Cr | 2 Cr | -0.89 Cr | -2 Cr | 2 Cr | 7 Cr | -1 Cr | 4 Cr | -2 Cr |
| Interest | 25 Cr | 51 Cr | 77 Cr | 103 Cr | 32 Cr | 66 Cr | 39 Cr | 43 Cr | 43 Cr | 43 Cr | 43 Cr | 52 Cr |
| Depreciation | 61 Cr | 127 Cr | 193 Cr | 260 Cr | 73 Cr | 152 Cr | 84 Cr | 91 Cr | 97 Cr | 110 Cr | 111 Cr | 116 Cr |
| Profit before tax | 155 Cr | 310 Cr | 470 Cr | 630 Cr | 167 Cr | 338 Cr | 201 Cr | 202 Cr | 213 Cr | 224 Cr | 152 Cr | 261 Cr |
| Tax % | 18.9% | 18.4% | 19.0% | 18.3% | 19.1% | 19.2% | 20.1% | 20.3% | 20.6% | 20.0% | 20.7% | 21.2% |
| Net profit | 126 Cr | 252 Cr | 381 Cr | 515 Cr | 135 Cr | 273 Cr | 160 Cr | 161 Cr | 169 Cr | 180 Cr | 120 Cr | 205 Cr |
| EPS (₹) | ₹1.85 | ₹3.70 | ₹5.58 | ₹7.52 | ₹1.97 | ₹3.97 | ₹2.33 | ₹2.33 | ₹2.45 | ₹2.60 | ₹1.74 | ₹2.97 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,826 Cr | 4,099 Cr | 5,078 Cr | 5,921 Cr | 6,022 Cr | 6,336 Cr | 7,980 Cr | 9,556 Cr | Sign in for TTM |
| Operating expenses (approx.) | 3,287 Cr | 3,461 Cr | 4,388 Cr | 4,961 Cr | 5,196 Cr | 5,380 Cr | 6,765 Cr | 8,091 Cr | Sign in for TTM |
| EBITDA | 539 Cr | 638 Cr | 690 Cr | 960 Cr | 827 Cr | 956 Cr | 1,216 Cr | 1,465 Cr | Sign in for TTM |
| OPM % | 14.1% | 15.6% | 13.6% | 16.2% | 13.7% | 15.1% | 15.2% | 15.3% | Sign in for TTM |
| Other income | 4 Cr | 9 Cr | 1 Cr | 0.56 Cr | 131 Cr | 37 Cr | -0.87 Cr | 7 Cr | Sign in for TTM |
| Interest | 29 Cr | 58 Cr | 52 Cr | 64 Cr | 79 Cr | 103 Cr | 148 Cr | 181 Cr | Sign in for TTM |
| Depreciation | 74 Cr | 185 Cr | 206 Cr | 249 Cr | 263 Cr | 260 Cr | 327 Cr | 434 Cr | Sign in for TTM |
| Profit before tax | 436 Cr | 394 Cr | 432 Cr | 647 Cr | 615 Cr | 630 Cr | 741 Cr | 850 Cr | Sign in for TTM |
| Tax % | 13.3% | 13.8% | 16.2% | 17.1% | 16.5% | 18.3% | 19.7% | 20.6% | Sign in for TTM |
| Net profit | 378 Cr | 340 Cr | 362 Cr | 537 Cr | 514 Cr | 515 Cr | 594 Cr | 674 Cr | Sign in for TTM |
| EPS (₹) | ₹5.48 | ₹4.90 | ₹5.31 | ₹7.90 | ₹7.55 | ₹7.52 | ₹8.63 | ₹9.77 | Sign in for TTM |
| Dividend payout % | — | — | — | 44.4% | 46.4% | 46.7% | 46.4% | 56.4% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 691 Cr | 694 Cr | 696 Cr | 697 Cr | 697 Cr | 697 Cr | 697 Cr | 697 Cr |
| Reserves | 2,030 Cr | 2,072 Cr | 2,103 Cr | 2,336 Cr | 2,670 Cr | 3,003 Cr | 3,401 Cr | 3,688 Cr |
| Borrowings | 3 Cr | — | 9 Cr | 12 Cr | 827 Cr | 812 Cr | 1,191 Cr | 1,748 Cr |
| Other liabilities | 89 Cr | 1,822 Cr | 447 Cr | 417 Cr | 1,470 Cr | 1,570 Cr | 2,633 Cr | 3,187 Cr |
| Total liabilities | 2,372 Cr | 4,587 Cr | 2,629 Cr | 2,748 Cr | 5,664 Cr | 6,083 Cr | 7,922 Cr | 9,320 Cr |
| Fixed assets (net) | 45 Cr | — | 79 Cr | 91 Cr | 174 Cr | 164 Cr | 276 Cr | 310 Cr |
| CWIP | 0.07 Cr | — | — | — | 3 Cr | 17 Cr | 49 Cr | 30 Cr |
| Investments | 1,316 Cr | — | 1,287 Cr | 1,336 Cr | 71 Cr | 42 Cr | 73 Cr | 116 Cr |
| Other assets | 715 Cr | — | 703 Cr | 807 Cr | 1,408 Cr | 1,537 Cr | 2,224 Cr | 2,762 Cr |
| Total assets | 2,372 Cr | 4,587 Cr | 2,629 Cr | 2,748 Cr | 5,664 Cr | 6,083 Cr | 7,922 Cr | 9,320 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 704 Cr | 795 Cr | 645 Cr | 701 Cr | 1,214 Cr |
| Cash from investing | — | — | — | -595 Cr | 16 Cr | -58 Cr | -746 Cr | -452 Cr |
| Cash from financing | — | — | — | -158 Cr | -743 Cr | -564 Cr | 23 Cr | -667 Cr |
| Net cash flow | — | — | — | -49 Cr | 69 Cr | 23 Cr | -21 Cr | 104 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 619 Cr | 741 Cr | 560 Cr | 460 Cr | 1,018 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019Standalone only | Mar 2020 | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 17.1% | 16.4% | 17.3% | 23.4% | 13.4% | 15.4% | 16.8% | 16.8% |
| ROE % | 13.9% | 12.3% | 12.9% | 17.7% | 15.3% | 13.9% | 14.5% | 15.4% |
| Debtor days | 205 | — | 143 | 123 | 63 | 67 | — | — |
| Inventory days | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 14 | — | 11 | 11 | 14 | 18 | — | — |
| Cash conversion cycle | 191 | — | 132 | 112 | 49 | 49 | 0 | 0 |
| Debt / equity | 0.00 | — | 0.0041 | 0.0050 | 0.25 | 0.22 | 0.29 | 0.40 |
| Current ratio | 8.70 | — | 2.80 | 3.83 | 0.90 | 0.94 | 0.92 | 0.79 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.82 | 0.67 | 0.85 | 1.02 |
Compare with peers
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