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NSE:FSL

FIRSTSOURCE SOLU. LTD.

Services › Commercial Services & Supplies·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+5
₹308.10
at close · 28 Oct 2026
▲ 7.90 (+2.63%)

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Firstsource schedules analyst and institutional investor meetings · Board & Shareholder Meetings
  2. Firstsource launches FY2025-26 ESG Report with key sustainability highlights · Compliance
  3. Firstsource named Horizon 3 market leader in customer experience · Compliance
All filings ↓
Ask Nexa about FIRSTSOURCE SOLU. LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Delivers business process and knowledge process outsourcing services across four client verticals: healthcare (₹3,209.07 crore, 33.4% of segment revenue in FY26), banking and financial services (₹3,112.821 crore, 32.4%), communication, media and technology (₹2,043.721 crore, 21.3%), and diverse industries (₹1,250.509 crore, 13.0%). Total FY26 revenue was ₹9,556.394 crore, crossing the $1 billion mark in its 25th year of operations. The operating model is people-heavy: employee costs were 58.5% of revenue, other operating expenses 25.2%, and depreciation 4.5%. Exports made up 99.74% of revenue in FY26. The workforce of 36,205 sits across 9 countries. FY26 acquisitions added a UK debt collections business (Pastdue Credit Solutions) and a US payer-market business (TeleMedik). FY26 net profit was ₹674.412 crore at an EBITDA margin of 15.33%.

Revenue mix · reported segments
Healthcare33.4%
Banking and Financial Services32.4%
Communication, Media and Technology21.3%
Diverse Industries13.0%
Operating scale
Workforce
36,205 across 9 countriesFY26
Exports share of revenue
99.74%FY26
Large deals won
17 in FY26 vs 14 in FY25FY26
Deal pipeline
>$1 billionFY26
Years in operation
25FY26
Strategic clients added
24 in FY26FY26
Who pays it
Healthcare payers/providers, banks, financial institutions, telecom/media/technology firms and other businesses, predominantly overseas
Biggest cost
Employee costs at 58.5% of revenue
Kind of business
People-intensive BPO/KPO services with multi-country delivery
Where it sits
Global BPO/KPO operator with 36,205 employees across 9 countries; FY26 revenue crossed $1 billion mark
Market Cap
₹21,474 Cr
P / E (TTM)
31.7×
EV / EBITDA
15.5×
Div Yield
1.77%
Growth
13.5%▲
Revenue 5y CAGR
PAT +13.3% · EBITDA +16.2%
Quality
16.9%▲
ROCE (5y median)
ROE 15.3% (5y median) · margin 15.3%
Leverage
0.44·
Debt / Equity · low
Net debt ₹1,679 Cr
Revenue FY21→FY26
1.9×▲
Margin −0.1 pts
₹5,078 Cr → ₹9,556 Cr
Cash conversion
1.43×▲
Operating cash ÷ profit · 5 yrs
₹4,058 Cr on ₹2,834 Cr
Moves on a normal day
1.47%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 10 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/8
P/B#7/9
ROCE#4/11
ROE#3/9
Debt / Equity#8/9
EBITDA margin#6/9
Revenue growth#5/9
Profit growth#6/9

Scorecard

Measured from the filed financials, judged against its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Profit compounding 13% a year over 5 years
Returns on capital 16.9% (5-year median)
#4 of 11 in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) on the latest reported figures · up from 14.1% in FY21
Over 5 years it reported ₹2,834 Cr of profit and ₹4,058 Cr of operating cash — 1.43×
Profit is converting into cash
Pays out 56% of profit as dividend
Concerns
Carries more debt than its peers — 0.44× equity
higher than 87% of its 9 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers
Customers are taking longer to pay — 41 → 79 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

FSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from FIRSTSOURCE SOLU. LTD.'s filed financials and exchange disclosures

What does FIRSTSOURCE SOLU. LTD. do?

FIRSTSOURCE SOLU. LTD. is a Commercial Services & Supplies company listed on NSE and BSE, trading under the symbol FSL.

Is FIRSTSOURCE SOLU. LTD. profitable?

Yes. Over the trailing twelve months FIRSTSOURCE SOLU. LTD. reported a net profit of ₹671 Cr on revenue of ₹10,064 Cr.

Does FIRSTSOURCE SOLU. LTD. pay a dividend?

Yes. The dividend yield is 1.77% at the current price. It paid out 56% of its profit as dividend in FY26.

Is FIRSTSOURCE SOLU. LTD. debt-free?

No. It reported borrowings of ₹1,937 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,679 Cr after cash. Debt stands at 0.44× equity. That is higher than 87% of its 9 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers.

Is FIRSTSOURCE SOLU. LTD. expensive compared with its peers?

On trailing P/E, FIRSTSOURCE SOLU. LTD. ranks 7 of 8 in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) — cheaper than 14% of them, against an industry median of 15.2×. This is a position, not a valuation judgement.

How much does the FIRSTSOURCE SOLU. LTD. share price move in a day?

On a typical session FIRSTSOURCE SOLU. LTD. moves 1.47% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are FIRSTSOURCE SOLU. LTD.'s next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track FIRSTSOURCE SOLU. LTD.'s announcements?

Every NSE and BSE filing by FIRSTSOURCE SOLU. LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.