Firstsource Solutions Limited
FSL · General/Diversified · NSE
₹250
Current Market Price
Fair Value (DCF)
₹224
Discount to FV
-10.4%
Updated just now
YieldIQ Score
45/100
Piotroski F-Score
5/9
Economic Moat
Narrow
Confidence
58%
ROE
15.4%
Debt/Equity
0.67
WACC
9.8%
Market Cap
₹17,276 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
20.1%
Return on capital employed
EV / EBITDA
11.4×
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
—
Revenue per ₹ of assets
Revenue CAGR (3Y)
12.2%
3-year revenue growth
Revenue CAGR (5Y)
8.8%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹250.25
Bear case
Discount -103.9%
Base case
Discount -11.6%
Bull case
Discount +20.7%
Ratio Trends
FSL · last 9 annual periods
ROE
15.4%
ROCE
20.1%
Operating Margin
—
Debt / Equity
0.67×
PE
20.9×
EV / EBITDA
11.4×
Historical Financials
FSL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹5866 Cr | ₹5986 Cr | ₹6333 Cr | ₹7972 Cr | ₹9616 Cr | +13.2% |
| EBITDA | ₹960 Cr | ₹957 Cr | ₹993 Cr | ₹1216 Cr | ₹1465 Cr | +11.1% |
| EBIT | ₹711 Cr | ₹694 Cr | ₹733 Cr | — | — | +0.8% |
| PAT | ₹537 Cr | ₹514 Cr | ₹515 Cr | ₹594 Cr | ₹674 Cr | +5.8% |
| EPS (diluted) | ₹7.62 | ₹7.32 | ₹7.34 | — | — | -0.9% |
| CFO | ₹704 Cr | ₹795 Cr | ₹644 Cr | ₹701 Cr | ₹1214 Cr | +14.6% |
| CapEx | ₹-85.0 Cr | ₹-53.6 Cr | ₹-85.1 Cr | ₹-241 Cr | ₹-196 Cr | — |
| FCF | ₹619 Cr | ₹741 Cr | ₹559 Cr | ₹460 Cr | ₹1018 Cr | +13.3% |
| Total Assets | ₹5709 Cr | ₹5664 Cr | ₹6076 Cr | ₹7922 Cr | ₹9320 Cr | +13.0% |
| Total Debt | ₹1784 Cr | ₹1393 Cr | ₹1526 Cr | ₹2569 Cr | ₹2922 Cr | +13.1% |
| Shareholders' Equity | ₹3033 Cr | ₹3367 Cr | ₹3700 Cr | ₹4098 Cr | ₹4385 Cr | +9.7% |
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 | 27.6% | — |
 REDINGTON REDINGTON | — | — | Pending | 17.4% | — |
 CAMS CAMS | — | — | Pending | 36.0% | 32.6× |
 ZENSARTECH ZENSARTECH | — | — | Pending | 16.0% | — |
 BSOFT BSOFT | — | — | Pending | 12.6% | 17.9× |
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
2.20%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Firstsource Solutions Limited (FSL.NS) trades at 250.25 vs a model fair value of 224.32, a gap of -10.4%. Piotroski F-score: 5/9. Moat la...
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
Reference indicators →
News & Filings
Recent activity
BSE filings + news for FSL →
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Head-to-head with peers
Compare FSL side by side →
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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.