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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Healthcare (33%), Banking and Financial Services (32%), Communication, Media and Technology (21%), Diverse Industries (13%). People-intensive BPO/KPO services with multi-country delivery
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,921 | 6,022 | 6,336 | 7,980 | 9,556 |
| EBITDA (ex other income) | 960 | 827 | 956 | 1,216 | 1,458 |
| margin % | 16.2 | 13.7 | 15.1 | 15.2 | 15.3 |
| Owners' profit | 537 | 514 | 515 | 594 | 674 |
| EPS, as reported (₹) | 7.90 | 7.55 | 7.52 | 8.63 | 9.77 |
| ROE % · ROCE % | 17.7 · 17.0 | 15.3 · 16.9 | 13.9 · 16.5 | 14.5 · 16.2 | 15.4 · 17.7 |
| Debt / equity (x) | 0.33 | 0.25 | 0.22 | 0.37 | 0.44 |
| Cash from operations | 704 | 795 | 645 | 701 | 1,214 |
| Capex | (85) | (54) | (85) | (241) | (196) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,925 | 2,102 | 2,161 | 2,218 | 2,312 | 2,443 | 2,583 | 2,725 |
| Profit before tax | 171 | 201 | 202 | 213 | 224 | 152 | 261 | 219 |
| Net profit | 138 | 160 | 161 | 169 | 180 | 120 | 205 | 166 |
| EPS (₹) | 2.01 | 2.33 | 2.33 | 2.45 | 2.60 | 1.74 | 2.97 | 2.40 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Banking and Financial Services | 3,113 | 32.4 |
| Healthcare | 3,209 | 33.4 |
| Communication, Media and Technology | 2,044 | 21.3 |
| Diverse Industries | 1,251 | 13.0 |
| Total, before eliminations | 9,616 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ECLERX SERVICES LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Allotment of 67,968 equity shares under ESOP 2019 Plan | capital market events | low | — | — |
| 4 Sept 2026 · Schedule of analyst and investor meetings in September 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · ESOP allotment of 269,883 shares | capital market events | low | — | — |
| 20 Aug 2026 · Firstsource Solutions to hold one-on-one with PL Capital on Aug 26, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Allotment of 127,883 shares under ESOP plans | capital market events | low | — | — |
| 12 Aug 2026 · Allotment of 353,905 equity shares under ESOP schemes | capital market events | low | — | — |
| 11 Aug 2026 · Firstsource Q1FY27: Revenue up 12.3% CC, EBIT margin 12.4%, guidance reaffirmed | investor communications | medium | — | — |
| 11 Aug 2026 · Firstsource partners with Cresta for AI-powered CX transformation | strategic transactions | medium | — | — |
| 10 Aug 2026 · Newspaper ad for Q1FY27 results filed with exchanges | compliance | minimal | — | — |
| 7 Aug 2026 · Firstsource Solutions AGM: All 4 resolutions passed with big majority | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 17,469 |
| 16.1 |
| 6.81 |
| 14.6 |
| 27.6 |
| 31.3 |
| 21.4 |
| 24.6 |
| FIRSTSOURCE SOLU. LTD. ◆ | 17,310 | 25.6 | 3.95 | 13.0 | 15.4 | 14.5 | 13.5 | 14.2 |
| RPSG VENTURES LIMITED | 2,744 | — | 0.63 | 5.7 | 0.0 | 1.6 | 15.1 | 19.0 |
| HINDUJA GLOBAL SOLS. LTD. | 1,784 | — | 0.21 | 3.9 | 0.1 | (0.8) | (5.1) | 11.1 |
| ONE POINT ONE SOL LTD | 1,476 | 32.8 | 3.19 | 17.8 | 8.3 | 7.0 | — | 24.9 |
| ALLDIGI TECH LIMITED | 1,212 | 14.2 | 4.83 | 6.9 | 32.8 | 23.4 | 16.7 | 29.5 |
| NSB BPO Solutions Limited | 121 | 8.1 | — | — | — | 6.0 | — | — |
| WE WIN LIMITED | 44 | 15.9 | 1.42 | 7.1 | 14.3 | 10.0 | — | 6.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.6 | 14.2 | 8 of 9 | 13% |
| P/B | 4.0 | 1.7 | 7 of 9 | 25% |
| ROCE | 14.6 | 7.0 | 4 of 11 | 70% |
| ROE | 15.4 | 8.3 | 3 of 9 | 75% |
| Debt / Equity | 0.4 | 0.1 | 8 of 9 | 13% |
| EBITDA margin | 14.2 | 19.0 | 6 of 9 | 38% |
| Revenue growth | 22.9 | 22.9 | 5 of 9 | 50% |
| Profit growth | (2.0) | 0.8 | 6 of 9 | 38% |
| Market cap | 17310 | 1212 | 2 of 11 | 90% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
