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FIRSTSOURCE SOLU

FIRSTSOURCE SOLU Latest Share Price (FSL)

TechnicalsTV Chart
269.45
4.00−1.46%
Overall Score52/100
Day range268
₹269.45
273
52-week202
₹269.45
375
Above low+33.4%
Below high28.1%
Range position39%
Open272.05
Prev Close273.45
Bid269.43133
Ask269.47100

TODAY IN ONE LINE

FSL fell 1.5% on light volume, lagging Nifty's 0.3% move.

With a market cap of ₹18,776.93 Cr., it trades at a P/E of 28.35. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume331.5K87%vs 20D avg
Price Band20
Lower Band218.5
Upper Band327.7
Tick Size0.05
Daily Volatility3.10%
Annualised Vol59.23%
Market Cap₹18,776.93 Cr.
Promoter53.66%
Face Value₹10
Fwd P/E15.52
PEG2.68
EV/EBITDA13.97
P/S1.87
ROA8.14%
Beta1.2
Div Payout57.53%
THE STOCK SCORE
Overall Score52/100
Updated 21 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

FIRSTSOURCE SOLU flags & news 

Key strengths, potential risks, and recent updates.

7 green flags🚩 2 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 27.9% YoY
  • Strong Return on EquityHealthy ROE of 15.4%
  • High Promoter HoldingPromoters hold 53.7% skin-in-the-game
  • Steady Dividend YieldReliable 2.01% dividend yield
  • Promoter BuyingPromoters increased holdings by 52.71% QoQ
  • Positive Free Cash FlowFCF has been positive for 3 consecutive years
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Sales ContractionQuarterly sales dropped 67.7% YoY
  • Rising Receivables vs SalesReceivables grew 48.4% outpacing sales growth of 25.9%

Latest FIRSTSOURCE SOLU News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

18 SEPT 2026
corporate
General Updates - Firstsource Solutions Limited has informed the Exchange about Intimation of ESG Rating by Niche Nine...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

FIRSTSOURCE SOLU. valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for FIRSTSOURCE SOLU., framed against the sector median so the premium or discount is obvious at a glance.

FIRSTSOURCE SOLU. trades at a P/E of 28.35× and P/B of 4.34×.

Key MetricsMarket + reported · 21 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹18,776.93 Cr.
P/E Ratio
28.35
P/B Ratio
4.34
EPS
₹9.52
Profitability

Profitability

ROE
15.38%
ROCE
13.5%
Net Margin
6.92%
Op Margin
10.79%
Growth

Growth

EPS YoY
27.9%
Revenue YoY
19.5%
Qtr Sales
-67.74%
Qtr Profit
24.64%
Financial Health

Financial Health

Debt / Equity
0.44
Book Value
₹63.51
Div Yield
2.01%
Promoter Holding
53.66%
Technicals

FIRSTSOURCE SOLU. technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for FIRSTSOURCE SOLU. — derived from the latest tape, not yesterday's close.

FIRSTSOURCE SOLU. last traded at ₹269.45 with an intraday range of ₹268.15–₹272.75 — latest indicator, pivot and CPR signals below.

Last updated: 21 September 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹269.45
LevelPrice (₹)Distance% Δ
R4281.28+11.83+4.39%
R3276.68+7.23+2.68%
R2274.72+5.27+1.95%
R1272.08+2.63+0.98%
PIVOT270.120.670.25%
CURRENT269.45
S1267.48-1.97-0.73%
S2265.52-3.93-1.46%
S3262.88-6.57-2.44%
S4258.28-11.17-4.14%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 269.78P: 270.12TC: 270.45
R1
R2
R3
R4
indicator
LTP: 269.45
PDH: 275.50
PDL: 269.40
● Market Sentiment

FSL is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Average

● Opening Range

Day's range: 271272.6

● Price Position

Trading Inside opening range

Financials

FIRSTSOURCE SOLU. financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for FIRSTSOURCE SOLU. — consolidated or standalone — with margins, YoY growth and key ratios inline.

FIRSTSOURCE SOLU. reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹18,776.93 Cr. and reported EPS of ₹9.52.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations7,980
9,556
19.7%
Sales Growth YoY %Derived25.95%
19.75%
Other Income-1
7
959.6%
Total Income7,979
9,564
19.9%
Gross ProfitDerived7,980
9,556
19.7%
Gross Margin %Derived100.00%
100.00%
6,773
8,000
18.1%
EBITDA (Operating Profit)Derived1,208
1,556
28.9%
OPM %Derived15.13%
16.28%
484
517
6.9%
Profit Before Tax (PBT)741
850
14.7%
146
175
20.0%
Effective Tax %Derived19.74%
20.64%
Total Profit for Period594
674
13.5%
Less: Non-controlling Interests-0
-0
225.0%
Net Profit (Owner's PAT)Derived594
674
13.5%
Net Profit Margin %Derived7.45%
7.06%
PAT Growth YoY %Derived15.49%
13.45%
Earnings Per Share (EPS ₹)8.53
9.68
13.5%
Diluted Shares Outstanding (Cr)70
70
0.0%
Share of Profit from Associates/JVs
Other Comprehensive Income (Net of Tax)43
-21
148.0%
Total Expenses (incl. D&A & Interest)7,239
8,714
20.4%
Material Cost % of RevenueDerived
Employee Cost % of RevenueDerived62.60%
58.50%
Other Cost % of RevenueDerived22.27%
25.22%
Interest Coverage (x)Derived5.95x
6.18x
Sales CAGR · 3Y
+16.6%
Sales CAGR · 5Y
+13.5%
PAT CAGR · 3Y
+9.5%
PAT CAGR · 5Y
+13.3%
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

FIRSTSOURCE SOLU segment analysis : revenue and profit mix.

Disclosed business segments at FIRSTSOURCE SOLU with their share of revenue and profit, switchable between consolidated and standalone reporting.

FIRSTSOURCE SOLU discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for FIRSTSOURCE SOLU..

Our AI distills the core fundamental drivers supporting FIRSTSOURCE SOLU., the risks that threaten it, and the quantitative conditions that could weaken the thesis.

FIRSTSOURCE SOLU.'s investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • Latest quarterly EPS grew 27.7% YoY with robust profit momentum and operational leverage.

  • TTM revenue growth of 19.5% YoY demonstrates strong client demand and market traction.

  • Operating margin of 11.67% supports healthy profitability and operational efficiency consistently.

  • Promoter holding at 53.66% ensures strong management alignment and long-term strategic commitment.

  • Operating cash flow of ₹592.68 Cr exceeds net income, confirming high-quality earnings and cash generation.

bear case

Key Risks.

  • P/E ratio of 23.72x significantly exceeds peer median, signaling premium valuation risk.

  • Net profit margin of 6.92% TTM remains modest relative to BPO sector peers like eClerx.

  • Total debt ₹1,937.47 Cr constrains financial flexibility despite low debt-to-equity ratio.

  • Public shareholding declined to 11.92%, reducing liquidity for large institutional trades.

  • 52-week price range from ₹202 to ₹379.70 reflects high volatility and investor uncertainty.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 37 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 10% would indicate weaker capital compounding.

Shareholding

FIRSTSOURCE SOLU shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in FIRSTSOURCE SOLU — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

Public11.70%0.66%
FII8.38%0.48%
DII25.41%0.08%
Others0.85%0.10%
Promoters53.66%

Ownership Distribution

Retail & Public
11.70%
Foreign Institutions
8.38%
Domestic Institutions
25.41%
Others
0.85%
Promoters
53.66%

Category Trends

Foreign Institutions Breakdown
Total Holding: 8.38%
Net Change: -0.48%
Category Total8.38%
Total Holding8.38%
Net Change-0.48%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 1.11%, but category aggregate is 8.38%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
ABU DHABI INVESTMENT AUTHORITY
1.11%
0.00%
0.00%
Jun 2026
STERINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITED
0.00%
0.00%
0.00%
Jun 2026
Goldman Sachs India Fund Limited
0.00%
0.00%
0.00%
Jun 2026
STEINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITED
0.00%
0.00%
0.00%
Jun 2026
BERNSTEIN FUND, INC. - INTERNATIONAL SMALL CAP PORTFOLIO
0.00%
0.00%
0.00%
Jun 2026
Peers

FIRSTSOURCE SOLU. peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — FIRSTSOURCE SOLU. is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
FIRSTSOURCE SOLU.
₹18,776.93 Cr
Best Profit Growth
FIRSTSOURCE SOLU.
24.64 %
Highest Dividend Yield
ALLDIGI TECH
7.73 %
09 · Chart Patterns

FIRSTSOURCE SOLU. chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for FIRSTSOURCE SOLU. — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

FIRSTSOURCE SOLU. delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for FIRSTSOURCE SOLU. over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in FIRSTSOURCE SOLU. stood at 43.2% of traded volume, against a 20-day average of 37.6%.

Avg Delivery (20D)37.6%+5.6 ppt latest vs avg
Highest Delivery51.3%on 02 Sept
Avg Volume (20D)25.69 L20-day run-rate
Conviction Trend↓ Weakening+5.6 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

FIRSTSOURCE SOLU announcements: results, concalls, ratings, M&A.

Filings FIRSTSOURCE SOLU sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

FIRSTSOURCE SOLU files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 230 documents below.

  1. 18 Sept 2026General UpdatesView PDF

    General Updates

    Firstsource Solutions Limited has informed the Exchange about Intimation of ESG Rating by Niche Ninety Nine Capability and Certifications (OPC)…

  2. 09 Sept 2026ESOP/ESOS/ESPSView PDF

    ESOP/ESOS/ESPS

    Firstsource Solutions Limited has informed the Exchange regarding Allotment of 67968 Shares.

  3. 04 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Firstsource Solutions Limited has informed the Exchange about Schedule of meet

  4. 28 Aug 2026ESOP/ESOS/ESPSView PDF

    ESOP/ESOS/ESPS

    Firstsource Solutions Limited has informed the Exchange regarding Allotment of 269883 Shares.

  5. 20 Aug 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Firstsource Solutions Limited has informed the Exchange about Schedule of meet

Corporate Actions

FIRSTSOURCE SOLU dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue FIRSTSOURCE SOLU has declared, sequenced by announce and record date.

FIRSTSOURCE SOLU corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

Insider Activity

FIRSTSOURCE SOLU insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in FIRSTSOURCE SOLU as reported to SEBI — buying and selling signals from the people who know the business best.

FIRSTSOURCE SOLU insider activity below tracks 58 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider25 Mar 2026buy+1.63 L₹3.66 Cr.₹223.88
Firstsource Employee Benefit TrustInsider23 Mar 2026buy+18.8 K₹39.08 L₹207.53
Firstsource Employee Benefit TrustInsider23 Mar 2026buy+45.3 K₹4.53 L₹10.00
Firstsource Employee Benefit TrustInsider23 Mar 2026buy+18.8 K₹39.08 L₹207.53
Firstsource Employee Benefit TrustInsider23 Mar 2026buy+45.3 K₹4.53 L₹10.00
About the Company

About FIRSTSOURCE SOLU.: business, sector, key facts.

What FIRSTSOURCE SOLU. does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

FIRSTSOURCE SOLU. operates in the Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) industry under the Services sector, listed as NSE: FSL, BSE: 532809.

FSL
Services

FIRSTSOURCE SOLU.

NSE · FSL·BSE · 532809·www.firstsource.com

Firstsource Solutions Limited (FSL) is a global business process outsourcing (BPO) company offering tech-enabled services across various sectors. Operating internationally with a significant presence in India, the UK, the US, and other regions in Asia, Africa, and Oceania, FSL provides a wide range of solutions tailored to specific industry needs.

A key area of FSL's business is Banking and Financial Services. Their offerings in this sector encompass the entire customer lifecycle, from acquisition and onboarding to transaction processing, dispute resolution, and account closure. They also provide comprehensive support for lending processes, including origination, post-closing activities, and quality control. Furthermore, they specialize in fraud detection and financial crime prevention.

FSL's expertise extends to the Healthcare industry, where they offer a comprehensive suite of services including claims processing, enrollment and billing, customer service, and care coordination. They handle various aspects of healthcare administration, such as provider credentialing, data management, benefit coding, and medical coding. Their services also include crucial functions like denial management, patient billing, and receivables management.

In the Communication, Media, and Technology sector, FSL supports clients with sales and retention strategies, technical operations management, and receivables management. They also leverage generative AI to enhance efficiency and effectiveness. Their Media/EdTech solutions include content development, learner support, student enrollment, and digital collections.

Beyond these core sectors, FSL serves diverse industries by providing services such as customer retention and loyalty programs, meter-to-cash operations, crisis management, smart meter conversions, debt management, and complaint handling. They also offer consulting services to help clients optimize their business processes. In summary, FSL positions itself as a versatile provider of technology-driven business process solutions across a broad spectrum of industries, leveraging its global footprint and expertise to cater to diverse client needs.

company facts
Employees36,205
SectorServices
HeadquartersMumbai, India
Market Cap₹18,776.93 Cr.
Listed OnNSE
leadership35 on record
Dr. Rajiv Kumar
Non-Executive Independent Director
Dr. Sanjiv Goenka
Non-Executive Chairman of the Board
Madhavi Behl
VP of Corporate Communications
Mr. Aftab Javed
Chief Human Resource Officer
Mr. Akash Pugalia
President - Global Trust and Safety
Mr. Aniket Maindarkar
Chief Marketing Officer
Mr. Aniket Maindarkar
Chief Marketing Officer
Mr. Arjun Mitra
Head - Collections
Mr. Arjun Mitra
Head of Collections
Mr. Ashish Chawla
Head - CX and Consulting
Mr. Bhavesh Lakhani
Chief Information Officer
Mr. Dinesh Jain
Chief Financial Officer
§ ∞ · Plainly Answered

Questions investors ask about FIRSTSOURCE SOLU. (FSL).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of FIRSTSOURCE SOLU. (FSL)?

The current share price of FIRSTSOURCE SOLU. (FSL) is ₹269.45. Today, the stock has declined by ₹4.00 (1.46%), trading in a range of ₹268.15 to ₹272.75. The stock opened at ₹272.05 with a trading volume of 3,31,530 shares.

02Is FIRSTSOURCE SOLU. stock a good investment for long-term?

FIRSTSOURCE SOLU. can be considered for long-term investment based on several factors. The company has a market capitalization of ₹18,776.93 Cr., P/E ratio of 28.35, ROE of 15.38%, and ROCE of 13.5%. The dividend yield stands at 2.01%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of FIRSTSOURCE SOLU. stock?

The 52-week high price of FIRSTSOURCE SOLU. (FSL) is ₹374.50, while the 52-week low is ₹202.00. Currently trading at ₹269.45, the stock is 33.39% above its 52-week low and 28.05% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy FIRSTSOURCE SOLU. stock at the current price?

Whether to buy FIRSTSOURCE SOLU. stock at ₹269.45 depends on multiple factors. The stock is currently trading with a P/E ratio of 28.35 and P/B ratio of 4.34. Today's performance shows a loss of 1.46%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of FIRSTSOURCE SOLU. and when is the next dividend?

FIRSTSOURCE SOLU. offers a dividend yield of 2.01%, which means for every ₹100 invested at the current price of ₹269.45, you can expect to receive approximately ₹2.01 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of FIRSTSOURCE SOLU.?

FIRSTSOURCE SOLU.'s key financial metrics include: P/E Ratio: 28.35, P/B Ratio: 4.34, ROE: 15.38%, ROCE: 13.5%, Dividend Yield: 2.01%, EPS: ₹9.52, Book Value: ₹63.51, and Debt-to-Equity: 0.44. The company's market cap stands at ₹18,776.93 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is FIRSTSOURCE SOLU. stock performing today in the market?

FIRSTSOURCE SOLU. stock opened at ₹272.05 and is currently trading at ₹269.45, showing a decline of ₹4.00 (1.46%). The intraday high is ₹272.75 and low is ₹268.15. The trading volume stands at 3,31,530 shares, indicating moderate market participation today.

08What is the P/E ratio of FIRSTSOURCE SOLU. and what does it indicate?

FIRSTSOURCE SOLU. has a Price-to-Earnings (P/E) ratio of 28.35, which means investors are willing to pay 28.35 for every ₹1 of earnings. With an EPS of ₹9.52, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about FIRSTSOURCE SOLU. (FSL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.