Firstsource Solutions Limited

Services · Commercial Services & Supplies

NSE: FSL BSE: 532809

₹257.40

Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Commercial Services & Supplies

The largest companies in the same industry by market cap. This company ranks #2 of 316. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Redington Limited	32,268	23.6	12.3%	49.1%	—	63	53	55
Firstsource Solutions Limited (this stock)	17,941	35.3	15.4%	-21.6%	2.14%	76	13	31
eClerx Services Limited	17,722	24.0	27.6%	-53.1%	0.05%	84	24	14
Central Mine Planning & Design Institute Limited	14,789	—	—	—	1.02%	82	0	71
International Gemological Institute Limited	13,667	22.8	38.3%	-10.0%	1.60%	80	24	47
WeWork India Management Limited	9,022	105.9	—	—	—	22	0	31
Nesco Limited	7,304	17.5	13.8%	-25.0%	—	84	47	15
Indiabulls Limited	6,867	—	11.1%	70.9%	—	32	76	86

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹18,219 Cr

EV / EBITDA

19.7x

EV / Sales

5.92x

Market cap / Sales

5.83x

Earnings yield

2.83%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 894 Cr, up 28.8% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 207 Cr, up 52.9% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	879	267	207	₹2.9900
March 31, 2026	774	188	140	₹2.0300
Dec. 31, 2025	752	71	59	₹0.8500
Sept. 30, 2025	675	118	98	₹1.4200
June 30, 2025	682	166	135	₹1.9600
March 31, 2025	628	125	92	₹1.3400
Dec. 31, 2024	624	178	148	₹2.1500
Sept. 30, 2024	542	112	92	₹1.3400
June 30, 2024	513	118	95	₹1.3800
March 31, 2024	466	111	93	₹1.3600
Dec. 31, 2023	435	109	90	₹1.3100
Sept. 30, 2023	364	85	72	₹1.0600
June 30, 2023	336	75	65	₹0.9500

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	894	782	763	685	694	638	635	550	523	475	445	374	344
Operating revenue	879	774	752	675	682	628	624	542	513	466	435	364	336
Other income	15	9	11	10	12	11	11	8	10	9	10	9	8
Operating expenses	556	524	524	498	470	460	466	402	371	332	307	263	247
Operating profit	323	250	228	177	212	168	158	140	142	134	128	101	90
Operating profit margin	36.7%	32.3%	30.4%	26.2%	31.1%	26.7%	25.3%	25.9%	27.7%	28.7%	29.5%	27.8%	26.7%
Depreciation	55	54	53	54	44	40	34	26	26	26	24	22	20
Interest	17	17	17	15	14	13	11	10	8	5	5	4	3
Exceptional items, gain / (loss)	—	—	-97	—	—	—	55	—	—	—	—	—	—
Profit before tax	267	188	71	118	166	125	178	112	118	111	109	85	75
Tax	60	48	13	20	31	33	30	20	23	18	20	13	10
Net profit	207	140	59	98	135	92	148	92	95	93	90	72	65
EPS	2.99	2.03	0.85	1.42	1.96	1.34	2.15	1.34	1.38	1.36	1.31	1.06	0.95
Net profit (TTM)	504	432	384	474	467	427	428	369	350	320	286	253	244
EPS (TTM)	7.29	6.26	5.57	6.87	6.79	6.21	6.23	5.39	5.11	4.68	4.19	3.72	3.58

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	2,883	543	432
March 31, 2025	2,307	534	427
March 31, 2024	1,601	380	320
March 31, 2023	1,376	311	248

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	27.5%	16.7%	2,924^†	2,347^†	1,638^†	1,409^†	1,623^†	1,353^†	971^†	830^†	874^†	393^†
Operating revenue	28.0%	16.8%	2,883	2,307	1,601	1,376	1,592^†	1,325^†	940^†	768^†	861^†	378^†
Other income	—	—	42^†	40^†	37^†	34^†	31^†	28^†	31^†	62^†	13^†	15^†
Operating expenses	—	—	2,016^†	1,699^†	1,148^†	995^†	1,061^†	833^†	672^†	—	626^†	—
Operating profit	31.5%	12.0%	867^†	607^†	453^†	381^†	531^†	492^†	267^†	—	236^†	—
Operating profit margin	—	—	30.1%^†	26.3%^†	28.3%^†	27.7%^†	33.3%^†	37.2%^†	28.5%^†	—	27.3%^†	—
Depreciation	—	—	205^†	126^†	92^†	89^†	88^†	80^†	71^†	—	22^†	—
Interest	—	—	63^†	43^†	17^†	15^†	20^†	15^†	16^†	2^†	7^†	10^†
Exceptional items, gain / (loss)	—	—	-97^†	55^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	20.4%	5.0%	543	534	380	311	453^†	425^†	212^†	223^†	219^†	219^†
Tax	—	—	111^†	107^†	60^†	63^†	66^†	59^†	30^†	24^†	27^†	30^†
Net profit	20.3%	3.3%	432	427	320	248	388^†	367^†	182^†	199^†	192^†	188^†
EPS	19.7%	3.1%	6.26^†	6.21^†	4.68^†	3.65^†	5.73^†	5.38^†	2.63^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	30.1%^†	26.3%^†	28.3%^†	27.7%^†	33.3%^†	37.2%^†	28.5%^†	—	27.3%^†	—
EBIT margin	21.0%^†	25.0%^†	24.8%^†	23.7%^†	29.7%^†	33.3%^†	24.2%^†	29.2%^†	26.3%^†	60.6%^†
PBT margin	18.8%	23.1%	23.7%	22.6%	28.5%^†	32.1%^†	22.6%^†	29.0%^†	25.5%^†	57.9%^†
Net margin	15.0%	18.5%	20.0%	18.1%	24.3%^†	27.7%^†	19.4%^†	25.9%^†	22.3%^†	49.9%^†
Interest coverage	9.65x^†	13.44x^†	22.92x^†	21.82x^†	23.59x^†	28.80x^†	14.52x^†	145.25x^†	30.41x^†	22.42x^†
Dividend payout	87.9%^†	64.4%^†	74.8%^†	95.9%^†	61.1%^†	55.8%^†	171.1%^†	—	—	—
Earnings retention	12.1%^†	35.6%^†	25.2%^†	4.1%^†	38.9%^†	44.2%^†	-71.1%^†	—	—	—
Current ratio	1.18x	1.46x	—	—	—	—	—	—	—	—
Quick ratio	1.18x	1.46x	—	—	—	—	—	—	—	—
Debt to equity	0.14x	0.10x	—	—	—	—	—	—	—	—
Return on equity	18.8%	16.6%	—	—	—	—	—	—	—	—
Return on assets	10.1%	11.2%	—	—	—	—	—	—	—	—
Return on capital employed	19.4%^†	18.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.67x	0.61x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	633	-34	-585	118	515
March 31, 2025	504	-342	-183	151	352
March 31, 2024	348	-26	-297	53	295
March 31, 2023	270	47	-319	22	248
March 31, 2022	416	-50	-356	38	378

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	4,292	2,295	1,598	313	0	1,376	1,169	34	149	0
March 31, 2025	3,801	2,576	1,879	246	0	1,066	729	19	144	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.