Firstsource Solutions Limited
FSL · 532809 · Services · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
- Market cap
- Rs 21,359 Cr
- P/E
- 29.24x
- P/B
- 4.38x
- 52W high / low
- Rs 371.75 / Rs 202
Our computed operating_margin (10.67%) diverges from BSE's own published figure (33.40%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong. Our computed net_margin (6.84%) diverges from BSE's own published figure (18.10%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong.
About Firstsource Solutions
Firstsource Solutions Limited is listed on the NSE under the symbol FSL and on the BSE under scrip code 532809. It is classified in the Services sector, industry: Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO). It is a constituent of BSE 500, NIFTY 500 and NIFTY Smallcap 250. The company listed on 22 Feb 2007 and has a face value of Rs 10.
The latest available end-of-day price is Rs 306.45 (−0.49% on the day), for a market capitalisation of Rs 21,359 Cr. Trailing P/E is 29.24x and price-to-book is 4.38x. The 52-week range is Rs 202 to Rs 371.75. The latest price is 62% of the way from the 52-week low to the 52-week high.
Against the 4-company comparison set from the official BSE basic industry Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO), its market capitalisation is 2.2 times the peer median of Rs 9,656 Cr, and its P/E of 29.24x compares with a peer median of 21.02x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Firstsource Solutions Limited reported revenue of Rs 9,556 Cr and net profit of Rs 674 Cr, with a net margin of 7.06% and earnings per share of Rs 9.77 (consolidated statements).
Year-on-year change: revenue +19.86%; net profit +13.45%; EPS +13.21%. Three-year compound annual growth rate: revenue +15.83%; net profit +9.49%.
At the same date the balance sheet shows total assets of Rs 9,320 Cr, shareholders' equity of Rs 4,385 Cr, total debt of Rs 1,937 Cr, cash of Rs 259 Cr, a debt-to-equity ratio of 0.44 and operating cash flow of Rs 1,214 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 10,577 Cr, net income of Rs 724 Cr and a net margin of 6.84%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Firstsource Solutions Limited's ownership is split: promoters 53.66%; foreign institutional investors (FIIs) 7.44%; domestic institutional investors (DIIs) 26.84%; retail and other shareholders 11.33%.
Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding −0.94 percentage points; DII holding +1.43 percentage points.
The same filing lists reported promoter pledge of 0.00% and 2,35,538 shareholders on record.
Recent filings and corporate actions
143 BSE corporate announcements were filed by Firstsource Solutions Limited in the past twelve months; the most frequent category is "Company Update" (120). The most recent is "Audio recording of Q2FY27 investor/analyst conference call held on Thursday, 29th October 2026 is as enclosed." (Company Update), filed on 29 Oct 2026.
The disclosed corporate-action timeline lists 5 entries: dividend (5). The latest is a dividend (Interim Dividend - Rs. - 5.5000) with ex-date 20 Feb 2026.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO). Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Firstsource Solutions LimitedThis company | Rs 306.45 | Rs 21,359 Cr | Rs 10,583 Cr | Rs 724 Cr | 29.24x | 17.08% |
| eClerx Services Limited | Rs 1,660.6 | Rs 15,237 Cr | Rs 4,620 Cr | Rs 726 Cr | 21.19x | 29.84% |
| Fusion CX Limited | Rs 280.9 | Rs 4,076 Cr | — | — | 20.85x | — |
| RPSG VENTURES LIMITED | Rs 827.9 | Rs 2,740 Cr | Rs 11,971 Cr | Rs 3.7 Cr | — | -5.03% |
| Median | Rs 970.75 | Rs 9,656 Cr | Rs 4,620 Cr | Rs 726 Cr | 21.02x | 29.84% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to Firstsource Solutions
Same official industry (Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO))
Other Services companies of a similar market capitalisation
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- Blue Dart Express LimitedBLUEDART · Market cap Rs 10,064 Cr
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Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.