Firstsource Solutions Limited
FSL · General/Diversified · NSE
₹245
Current Market Price
Fair Value (DCF)
₹249
Margin of Safety
+1.5%
Updated just now
YieldIQ Score
51/100
Piotroski F-Score
6/9
Economic Moat
Narrow
Confidence
40%
ROE
14.5%
Debt/Equity
0.00
WACC
9.8%
Market Cap
₹0.17 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
16.2%
Return on capital employed
EV / EBITDA
13.9×
Enterprise multiple
Debt / EBITDA
1.9×
Leverage vs earnings
Interest Coverage
6.0×
EBIT covers interest
Current Ratio
0.92×
Short-term liquidity
Asset Turnover
1.13×
Revenue per ₹ of assets
Revenue CAGR (3Y)
—
3-year revenue growth
Revenue CAGR (5Y)
12.0%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹245.15
Bear case
₹136.54
MoS -79.5%
Base case
₹248.79
MoS +1.5%
Bull case
₹348.07
MoS +29.6%
Ratio Trends
FSL · last 8 annual periods
ROE
14.5%
ROCE
18.7%
Operating Margin
—
Debt / Equity
0.63×
PE
51.5×
EV / EBITDA
8.2×
Historical Financials
FSL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹5078 Cr | ₹5921 Cr | ₹1557 Cr | ₹1670 Cr | ₹7972 Cr | +11.9% |
| EBITDA | — | ₹960 Cr | ₹957 Cr | ₹993 Cr | ₹1244 Cr | +6.7% |
| EBIT | ₹484 Cr | ₹711 Cr | ₹193 Cr | ₹186 Cr | — | -21.3% |
| PAT | ₹362 Cr | ₹537 Cr | ₹141 Cr | ₹134 Cr | ₹594 Cr | +13.2% |
| EPS (diluted) | ₹5.13 | ₹7.62 | ₹2.02 | ₹1.90 | — | -22.0% |
| CFO | ₹976 Cr | ₹704 Cr | ₹795 Cr | ₹645 Cr | ₹701 Cr | -7.9% |
| CapEx | — | — | — | — | ₹-241 Cr | — |
| FCF | — | — | — | — | ₹460 Cr | +0.0% |
| Total Assets | — | ₹5709 Cr | ₹5664 Cr | ₹6083 Cr | ₹7922 Cr | +8.5% |
| Total Debt | — | — | ₹688 Cr | ₹808 Cr | ₹2569 Cr | +39.0% |
| Shareholders' Equity | — | — | ₹3367 Cr | ₹3700 Cr | ₹4098 Cr | +5.0% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
FSL vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
| ECLERX ECLERX | — | — | Pending | 23.4% | — |
| REDINGTON Redington Limited | +15.0% | 37 | Fairly valued | 17.4% | — |
| CAMS CAMS | — | — | Pending | 42.0% | — |
| ZENSARTECH Zensar Technologies Limited | +5.0% | 54 | Fairly valued | 16.0% | — |
| BSOFT BIRLASOFT LIMITED | +26.2% | 65 | Undervalued | 14.9% | — |
Click a ticker to view its fair-value analysis.
Dividend History
9 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹20.00/sh
Last payout
2026-02-20
₹5.50
Peak payout
₹5.50
Trailing yield
2.24%
Amounts parsed from NSE subject lines; percent-of-face-value declarations are not converted and shown as missing.
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Firstsource Solutions Limited (FSL.NS) trades at 245.15 vs a model fair value of 248.79, a gap of 1.5%. Piotroski F-score: 6/9. Moat labe...
Read full AI analysis →Reverse DCF
Market-implied growth
What FCF growth is priced in →
Risk Analysis
Volatility & drawdown
Risk profile of FSL →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
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News & Filings
Recent activity
BSE filings + news for FSL →
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Analyse FSLNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.