Nifty

:

23873.45

Sensex

:

76152.86

-41.00 (-0.17%)
-417.49 (-0.55%)

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Nifty
Sensex

:
:

23873.45
76152.86

-41.00 (-0.17%)
-417.49 (-0.55%)

Firstsource Solutions Ltd.

BPO/ITeS

Rating :

51/99

BSE: 532809 | NSE: FSL

Watchlist

NSE BSE

265.30

03-Sep-2026

Open
High
Low
Previous Close

270.15
270.8
262.75
270.40

Volume
Traded Value (lacs)
52 Week High
52 Week Low

758826
202878271.8
379.7
202

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

18,748.56
27.94
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

20,416.76
2.08%
4.23

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

10.39
10.05
14.68

EBITDA CAGR (%)

10 Years
5 Years
3 Years

13.38
10.16
10.30

PAT CAGR (%)

10 Years
5 Years
3 Years

9.22
4.65
9.43

P:E (Median)

8 Years
5 Years
3 Years

19.66
26.68
34.20

P:BV (Average)

8 Years
5 Years
3 Years

3.26
4.13
4.93

EV:EBITDA (Average)

8 Years
5 Years
3 Years

12.53
14.90
17.74

Earnings Forecasts:

(Updated: 29-08-2026)

Description 2026 2027 2028 2029
Adj EPS 35 -9 23.32 10.35
P/E Ratio 7.58 -29.48 11.38 25.63
Revenue 17.65 15.17 13.02 9560.33
EBITDA 11163.2 12335.2 13851 1544.48
Net Income 1871.37 2083.57 2348.9 746.27
ROA 954.39 1106.01 1290.63 8.51
P/B Ratio 0.21 0.32 0.78 4.14
ROE 3.41 3.02 2.64 16.88
FCFF 19.8 20.54 21.49 706.83
FCFF Yield 945.01 1129.89 1092.13 3.67
Net Debt 4.91 5.87 5.67 1260.86
BVPS 1270.1 836.83 340.77 64.03

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 879.09 682.15 28.87% 773.64 627.68 23.25% 752.02 623.95 20.53% 675.03 542.03 24.54%
Expenses 556.23 469.76 18.41% 523.89 460.17 13.85% 523.75 466.34 12.31% 498.18 401.84 23.97%
EBITDA 322.86 212.39 52.01% 249.75 167.51 49.10% 228.27 157.62 44.82% 176.85 140.19 26.15%
EBIDTM 36.73% 31.14% 32.28% 26.69% 30.35% 25.26% 26.20% 25.86%
Other Income 14.96 12.05 24.15% 8.64 10.65 -18.87% 10.95 10.89 0.55% 10.01 8.36 19.74%
Interest 16.73 14.27 17.24% 16.87 13.15 28.29% 16.85 11.42 47.55% 14.84 9.98 48.70%
Depreciation 54.54 43.78 24.58% 53.90 39.51 36.42% 53.47 34.17 56.48% 54.23 26.27 106.43%
PBT 266.55 166.40 60.19% 187.62 125.49 49.51% 71.43 178.06 -59.88% 117.78 112.30 4.88%
Tax 59.76 31.18 91.66% 47.59 33.14 43.60% 12.63 30.08 -58.01% 19.74 20.44 -3.42%
PAT 206.79 135.22 52.93% 140.03 92.35 51.63% 58.81 147.98 -60.26% 98.05 91.86 6.74%
PATM 23.52% 19.82% 18.10% 14.71% 7.82% 23.72% 14.52% 16.95%
EPS 2.97 1.94 53.09% 2.01 1.32 52.27% 0.84 2.12 -60.38% 1.41 1.32 6.82%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 2,724.88 2,217.65 22.87% 2,583.45 2,161.46 19.52% 2,443.08 2,102.38 16.21% 2,312.21 1,925.38 20.09%
Expenses 2,273.57 1,870.57 21.54% 2,153.04 1,828.64 17.74% 2,040.43 1,784.72 14.33% 1,936.19 1,638.11 18.20%
EBITDA 451.31 347.09 30.03% 430.42 332.82 29.33% 402.65 317.66 26.76% 376.03 287.27 30.90%
EBIDTM 16.56% 15.65% 16.66% 15.40% 16.48% 15.11% 16.26% 14.92%
Other Income 6.11 6.83 -10.54% -1.71 2.12 - 3.62 -2.09 - -1.29 -2.73 -
Interest 51.75 43.44 19.13% 52.02 42.62 22.06% 43.25 39.32 9.99% 42.76 34.33 24.56%
Depreciation 114.64 97.25 17.88% 116.09 90.60 28.13% 111.20 84.40 31.75% 109.56 79.19 38.35%
PBT 219.34 213.23 2.87% 260.60 201.71 29.20% 151.68 200.65 -24.41% 224.33 171.03 31.16%
Tax 53.42 43.90 21.69% 55.36 41.03 34.93% 31.35 40.35 -22.30% 44.82 32.82 36.56%
PAT 165.92 169.32 -2.01% 205.24 160.69 27.72% 120.33 160.31 -24.94% 179.51 138.21 29.88%
PATM 6.09% 7.64% 7.94% 7.43% 4.93% 7.62% 7.76% 7.18%
EPS 2.38 2.43 -2.06% 2.94 2.31 27.27% 1.73 2.30 -24.78% 2.58 1.98 30.30%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 3,079.78 2,882.85 2,306.57 1,601.15 1,375.70 1,592.01 1,324.74 939.91 768.11 861.27 940.07 Net Sales Growth 24.39% 24.98% 44.06% 16.39% -13.59% 20.18% 40.94% 22.37% -10.82% -8.38% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 3,079.78 2,882.85 2,306.57 1,601.15 1,375.70 1,592.01 1,324.74 939.91 768.11 861.27 940.07 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 2,102.05 2,024.27 1,702.55 1,150.54 999.76 1,063.32 835.12 672.29 582.32 628.38 712.52 Power & Fuel Cost - 32.22 28.14 18.91 17.35 14.19 11.12 16.22 15.80 20.82 25.34 % Of Sales - 1.12% 1.22% 1.18% 1.26% 0.89% 0.84% 1.73% 2.06% 2.42% 2.70% Employee Cost - 1,478.65 1,245.03 820.47 712.13 800.04 630.62 480.86 383.33 415.30 458.00 % Of Sales - 51.29% 53.98% 51.24% 51.76% 50.25% 47.60% 51.16% 49.91% 48.22% 48.72% Manufacturing Exp. - 268.74 211.35 146.25 125.46 113.19 67.11 83.41 76.52 84.02 102.19 % Of Sales - 9.32% 9.16% 9.13% 9.12% 7.11% 5.07% 8.87% 9.96% 9.76% 10.87% General & Admin Exp. - 190.79 171.76 136.96 134.59 112.72 108.20 73.83 88.92 100.43 118.05 % Of Sales - 6.62% 7.45% 8.55% 9.78% 7.08% 8.17% 7.86% 11.58% 11.66% 12.56% Selling & Distn. Exp. - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Miscellaneous Exp. - 53.87 46.28 27.95 10.23 23.18 18.06 17.97 17.75 7.80 0.00 % Of Sales - 1.87% 2.01% 1.75% 0.74% 1.46% 1.36% 1.91% 2.31% 0.91% 0.95% EBITDA 977.73 858.58 604.02 450.61 375.94 528.69 489.62 267.62 185.79 232.89 227.55 EBITDA Margin 31.75% 29.78% 26.19% 28.14% 27.33% 33.21% 36.96% 28.47% 24.19% 27.04% 24.21% Other Income 44.56 50.33 43.39 38.66 38.89 32.94 30.80 30.80 63.37 14.42 17.09 Interest 65.29 62.82 42.92 17.34 14.94 20.07 15.30 15.85 1.96 6.52 6.87 Depreciation 216.14 205.39 125.75 92.04 88.84 88.20 79.80 70.58 24.32 21.53 19.03 PBT 643.38 640.70 478.75 379.90 311.06 453.36 425.33 211.99 222.87 219.26 218.74 Tax 139.72 111.13 106.85 60.20 62.71 65.77 58.67 29.98 23.85 27.34 30.28 Tax Rate 21.72% 20.46% 20.01% 15.85% 20.16% 14.51% 13.79% 14.14% 10.70% 12.47% 13.84% PAT 503.68 432.10 427.04 319.70 248.34 387.59 366.65 182.01 199.02 191.92 188.46 PAT before Minority Interest 503.68 432.10 427.04 319.70 248.34 387.59 366.65 182.01 199.02 191.92 188.46 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 16.35% 14.99% 18.51% 19.97% 18.05% 24.35% 27.68% 19.36% 25.91% 22.28% 20.05% PAT Growth 7.76% 1.18% 33.58% 28.73% -35.93% 5.71% 101.44% -8.55% 3.70% 1.84% EPS 7.23 6.20 6.13 4.59 3.56 5.56 5.26 2.61 2.86 2.75 2.70

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 10,063.62 9,556.39 7,980.31 6,336.24 6,022.32 5,921.15 5,077.98 4,098.61 3,826.28 3,535.25 3,555.61 Net Sales Growth 19.71% 19.75% 25.95% 5.21% 1.71% 16.60% 23.90% 7.12% 8.23% -0.57% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 10,063.62 9,556.39 7,980.31 6,336.24 6,022.32 5,921.15 5,077.98 4,098.61 3,826.28 3,535.25 3,555.61 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 8,403.23 8,003.83 6,783.99 5,385.40 5,199.25 4,964.33 4,241.46 3,445.30 3,277.90 3,066.14 3,113.35 Power & Fuel Cost - 48.53 42.43 30.92 33.37 25.86 22.09 28.50 28.07 31.71 36.20 % Of Sales - 0.51% 0.53% 0.49% 0.55% 0.44% 0.44% 0.70% 0.73% 0.90% 1.02% Employee Cost - 5,589.72 4,995.16 3,908.65 3,867.48 3,946.76 3,467.23 2,773.53 2,557.26 2,395.47 2,383.44 % Of Sales - 58.49% 62.59% 61.69% 64.22% 66.66% 68.28% 67.67% 66.83% 67.76% 67.03% Manufacturing Exp. - 547.66 420.06 311.80 289.64 270.21 260.36 184.72 186.46 184.82 207.63 % Of Sales - 5.73% 5.26% 4.92% 4.81% 4.56% 5.13% 4.51% 4.87% 5.23% 5.84% General & Admin Exp. - 1,658.81 1,162.62 988.40 930.69 623.38 416.82 398.17 450.06 422.74 434.90 % Of Sales - 17.36% 14.57% 15.60% 15.45% 10.53% 8.21% 9.71% 11.76% 11.96% 12.23% Selling & Distn. Exp. - 83.66 88.43 68.34 40.75 58.64 54.02 37.96 34.52 14.20 12.81 % Of Sales - 0.88% 1.11% 1.08% 0.68% 0.99% 1.06% 0.93% 0.90% 0.40% 0.36% Miscellaneous Exp. - 75.45 75.29 77.28 37.33 39.48 20.94 22.42 21.53 17.18 12.81 % Of Sales - 0.79% 0.94% 1.22% 0.62% 0.67% 0.41% 0.55% 0.56% 0.49% 1.08% EBITDA 1,660.41 1,552.56 1,196.32 950.84 823.07 956.82 836.52 653.31 548.38 469.11 442.26 EBITDA Margin 16.50% 16.25% 14.99% 15.01% 13.67% 16.16% 16.47% 15.94% 14.33% 13.27% 12.44% Other Income 6.73 11.06 10.43 42.44 134.29 3.59 3.88 9.15 7.93 7.70 7.45 Interest 189.78 181.47 147.88 103.38 78.97 63.94 87.16 83.06 45.96 52.88 53.83 Depreciation 451.49 434.09 327.04 260.22 263.17 249.37 206.35 185.20 74.44 65.92 58.96 PBT 855.95 948.08 731.84 629.67 615.22 647.10 546.89 394.21 435.92 358.01 336.92 Tax 184.95 175.43 146.20 114.95 101.50 110.57 70.16 54.53 58.14 31.43 57.68 Tax Rate 21.61% 20.64% 19.74% 18.26% 16.50% 17.09% 16.25% 13.83% 13.34% 8.78% 17.12% PAT 671.00 674.42 594.45 514.73 513.72 537.37 361.69 339.68 377.79 326.52 279.24 PAT before Minority Interest 671.01 674.41 594.45 514.73 513.71 536.53 361.68 339.68 377.78 326.58 279.24 Minority Interest 0.01 0.01 0.00 0.00 0.01 0.84 0.01 0.00 0.01 -0.06 0.00 PAT Margin 6.67% 7.06% 7.45% 8.12% 8.53% 9.08% 7.12% 8.29% 9.87% 9.24% 7.85% PAT Growth 6.76% 13.45% 15.49% 0.20% -4.40% 48.57% 6.48% -10.09% 15.70% 16.93% EPS 9.63 9.68 8.53 7.38 7.37 7.71 5.19 4.87 5.42 4.68 4.01

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 2,295.27 2,575.84 2,410.73 2,304.35 2,319.82 2,172.07 2,065.22 2,279.30 2,134.55 1,999.40 Share Capital 696.99 696.99 696.99 696.99 696.99 696.10 693.83 691.07 686.52 681.31 Total Reserves 1,468.93 1,776.18 1,666.68 1,542.19 1,571.40 1,447.57 1,359.39 1,575.97 1,435.99 1,305.81 Non-Current Liabilities 458.94 225.24 18.80 -147.01 -60.71 -61.71 -68.03 -219.04 -187.54 -82.47 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.81 Unsecured Loans 0.00 0.00 0.00 3.79 4.24 8.99 2.78 3.49 7.86 8.85 Long Term Provisions 118.91 28.57 19.77 13.70 14.34 10.39 8.59 6.75 5.17 9.52 Current Liabilities 1,158.18 720.68 243.09 181.39 209.89 250.75 120.47 82.21 85.35 191.49 Trade Payables 111.28 113.38 89.81 52.83 46.60 39.35 30.86 28.93 27.56 33.85 Other Current Liabilities 689.12 330.84 132.08 110.49 144.01 178.04 72.51 38.69 50.77 85.86 Short Term Borrowings 312.65 245.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 61.92 Short Term Provisions 45.14 30.62 21.20 18.07 19.28 33.36 17.10 14.59 7.03 9.86 Total Liabilities 3,912.39 3,521.76 2,672.62 2,338.73 2,469.00 2,361.11 2,117.66 2,142.47 2,032.36 2,108.42 Net Block 739.42 663.08 405.60 208.04 312.69 291.36 248.69 71.58 55.92 55.47 Gross Block 1,373.37 1,114.71 822.40 552.41 635.70 577.51 513.48 308.12 326.21 451.71 Accumulated Depreciation 633.95 451.63 416.80 344.37 323.02 286.15 264.79 236.54 270.29 396.24 Non Current Assets 2,536.67 2,455.83 1,794.40 1,557.56 1,662.46 1,657.89 1,612.21 1,427.24 1,363.22 1,391.41 Capital Work in Progress 29.08 41.83 13.63 3.42 0.00 0.00 0.00 0.07 0.24 1.62 Non Current Investment 1,620.73 1,595.12 1,235.07 1,232.36 1,220.85 1,207.27 1,198.69 1,197.09 1,199.51 1,195.47 Long Term Loans & Adv. 143.46 142.12 128.41 105.49 115.60 134.21 120.41 107.87 94.50 95.42 Other Non Current Assets 3.98 13.68 11.69 8.24 13.33 25.05 44.42 50.63 13.05 43.43 Current Assets 1,375.71 1,065.93 878.22 781.17 806.54 703.22 505.44 715.24 669.15 717.01 Current Investments 11.65 37.50 30.03 56.05 115.19 79.32 0.00 118.75 19.00 149.52 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 1,199.32 894.57 729.32 637.46 536.87 535.16 373.55 432.88 564.74 371.93 Cash & Bank 44.92 28.89 51.80 21.48 25.94 15.64 46.09 13.13 14.36 15.71 Other Current Assets 119.83 42.68 24.69 25.71 128.55 73.11 85.79 150.48 71.05 179.86 Short Term Loans & Adv. 73.64 62.29 42.37 40.48 51.41 43.62 54.63 116.33 36.02 71.25 Net Current Assets 217.53 345.25 635.13 599.78 596.65 452.48 384.98 633.03 583.80 525.52 Total Assets 3,912.38 3,521.76 2,672.62 2,338.73 2,469.00 2,361.11 2,117.65 2,142.48 2,032.37 2,108.42

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 4,384.53 4,097.63 3,700.40 3,366.84 3,032.94 2,799.29 2,765.38 2,720.73 2,351.76 2,028.00 Share Capital 696.99 696.99 696.99 696.99 696.99 696.10 693.83 691.07 686.52 681.31 Total Reserves 3,558.19 3,297.96 2,956.35 2,604.69 2,284.52 2,074.78 2,059.56 2,017.39 1,653.20 1,334.41 Non-Current Liabilities 1,100.71 1,137.00 465.63 442.71 859.26 359.13 239.07 -171.69 -155.58 248.46 Secured Loans 0.00 0.00 0.00 0.00 273.30 0.00 0.00 0.92 2.88 348.42 Unsecured Loans 189.67 341.90 0.00 139.37 0.00 84.55 2.78 6.03 11.34 9.58 Long Term Provisions 149.11 39.02 39.29 13.70 14.34 10.39 8.59 6.75 5.17 9.52 Current Liabilities 3,443.36 2,413.75 1,617.13 1,559.65 1,534.33 1,401.55 1,330.88 894.66 982.59 912.09 Trade Payables 557.93 397.62 305.58 231.45 178.06 278.80 95.28 90.17 93.62 99.38 Other Current Liabilities 1,207.17 739.74 588.02 710.45 602.96 599.02 351.77 200.71 494.23 499.61 Short Term Borrowings 1,558.13 1,190.80 667.26 527.10 694.98 436.71 834.14 538.99 349.02 252.17 Short Term Provisions 120.12 85.59 56.27 90.65 58.34 87.01 49.70 64.79 45.72 60.93 Total Liabilities 8,929.00 7,648.78 5,783.54 5,369.55 5,426.90 4,560.51 4,335.92 3,444.29 3,180.02 3,189.73 Net Block 5,566.84 4,993.55 3,853.02 3,716.24 3,743.64 2,997.56 2,870.86 2,222.70 2,079.70 2,067.82 Gross Block 7,274.46 6,219.05 4,818.39 4,459.46 4,442.22 3,827.82 3,640.53 2,911.92 2,836.88 2,931.93 Accumulated Depreciation 1,707.62 1,225.50 965.37 743.22 698.58 830.26 769.67 689.23 757.19 864.11 Non Current Assets 6,166.70 5,424.72 4,248.81 3,961.31 4,005.74 3,329.22 3,231.60 2,593.31 2,390.93 2,405.41 Capital Work in Progress 29.92 49.14 17.09 3.42 2.93 0.00 0.00 2.02 2.15 4.29 Non Current Investment 65.77 11.53 11.51 11.57 11.46 11.74 12.22 12.16 12.26 10.58 Long Term Loans & Adv. 181.52 165.63 152.69 123.25 129.03 151.80 137.62 112.49 98.44 117.37 Other Non Current Assets 322.65 204.88 214.50 106.83 118.67 168.11 210.90 243.94 198.39 205.35 Current Assets 2,762.29 2,224.05 1,534.73 1,408.25 1,421.17 1,231.29 1,104.32 850.97 789.09 784.32 Current Investments 50.16 61.56 30.03 59.55 118.54 82.57 0.00 121.75 22.00 152.27 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 2,078.59 1,686.03 1,160.82 1,038.49 960.53 843.09 556.72 387.19 378.48 306.54 Cash & Bank 269.27 166.99 188.46 155.55 89.83 137.33 190.75 47.38 123.00 38.73 Other Current Assets 364.27 185.89 89.30 95.27 252.27 168.30 356.85 294.65 265.62 286.77 Short Term Loans & Adv. 183.43 123.57 66.13 59.38 90.94 65.50 66.10 222.04 188.27 173.89 Net Current Assets -681.07 -189.70 -82.40 -151.41 -113.16 -170.26 -226.56 -43.69 -193.50 -127.77 Total Assets 8,928.99 7,648.77 5,783.54 5,369.56 5,426.91 4,560.51 4,335.92 3,444.28 3,180.02 3,189.73

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 633.02 503.63 346.83 270.19 415.69 418.02 387.65 221.75 41.07 78.33 PBT 543.23 533.90 379.90 311.06 453.36 425.33 211.99 222.87 219.26 218.74 Adjustment 407.63 141.56 104.36 85.99 115.52 109.90 65.41 26.27 -7.46 3.27 Changes in Working Capital -221.87 -83.76 -72.00 -67.50 -54.09 -53.66 143.04 17.13 -111.79 -107.16 Cash after chg. in Working capital 729.00 591.70 412.26 329.55 514.79 481.57 420.45 266.27 100.01 114.85 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -95.97 -88.07 -65.43 -59.35 -99.10 -63.55 -32.80 -44.52 -58.94 -36.51 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -33.56 -342.41 -26.30 47.14 -50.19 -146.03 77.24 -106.27 123.93 -104.47 Net Fixed Assets -245.91 -320.51 -280.20 79.87 -58.19 -64.03 -205.29 18.26 126.88 -21.12 Net Investments 0.24 -367.52 23.31 47.63 -49.45 -87.90 117.15 -97.33 126.48 -77.14 Others 212.11 345.62 230.59 -80.36 57.45 5.90 165.38 -27.20 -129.43 -6.21 Cash from Financing Activity -584.87 -183.22 -296.46 -319.00 -356.17 -306.77 -432.99 -117.35 -165.92 5.97 Net Cash Inflow / Outflow 14.59 -22.01 24.07 -1.67 9.32 -34.78 31.89 -1.88 -0.92 -20.16 Opening Cash & Equivalents 19.36 41.41 17.46 18.92 9.92 44.57 13.13 14.36 15.71 36.30 Closing Cash & Equivalent 34.23 19.36 41.41 17.46 18.92 9.92 46.09 13.13 14.36 15.71

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 1,213.98 701.10 644.05 795.02 703.56 975.57 410.40 400.01 315.09 199.80 PBT 849.84 740.65 629.67 615.22 647.10 431.83 394.21 435.92 358.01 336.92 Adjustment 862.06 576.71 327.29 168.90 339.39 324.00 205.10 91.18 106.05 78.63 Changes in Working Capital -308.23 -494.40 -241.14 76.50 -188.45 289.55 -135.39 -64.14 -74.39 -159.06 Cash after chg. in Working capital 1,403.67 822.97 715.83 860.62 798.04 1,045.38 463.92 462.96 389.67 256.50 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -189.70 -121.87 -71.78 -65.59 -94.49 -69.81 -53.52 -62.95 -74.58 -56.69 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -452.36 -745.90 -57.99 16.35 -594.58 -348.09 14.32 -204.07 91.63 -231.49 Net Fixed Assets -245.91 -320.51 -280.20 79.87 -58.19 -64.03 -205.29 18.26 126.88 -21.12 Net Investments 0.24 -367.52 23.31 47.63 -49.45 -87.90 117.15 -97.33 126.48 -77.14 Others -206.69 -57.87 198.90 -111.15 -486.94 -196.16 102.46 -125.00 -161.73 -133.23 Cash from Financing Activity -666.78 22.59 -563.45 -743.38 -157.96 -688.69 -276.80 -272.58 -326.78 3.51 Net Cash Inflow / Outflow 94.84 -22.21 22.61 67.99 -48.98 -61.22 147.92 -76.64 79.95 -28.18 Opening Cash & Equivalents 154.21 174.77 151.54 82.82 131.62 189.22 47.38 123.00 38.73 68.58 Closing Cash & Equivalent 258.58 154.21 174.77 151.54 82.82 131.62 190.75 47.38 123.00 38.73

Financial Ratios

Consolidated /

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 31.08 35.48 33.91 32.13 32.55 30.80 29.59 32.80 30.92 29.17 ROA 11.62% 13.79% 12.76% 10.33% 16.05% 16.37% 8.55% 9.53% 9.27% 9.45% ROE 18.63% 17.66% 13.89% 11.02% 17.57% 17.47% 8.43% 9.07% 9.34% 10.05% ROCE 22.32% 22.05% 16.82% 14.04% 20.95% 20.69% 10.44% 10.11% 10.40% 10.86% Fixed Asset Turnover 2.32 2.38 2.33 2.32 2.62 2.90 2.92 2.42 2.21 2.13 Receivable days 132.55 128.49 155.79 155.79 122.89 125.19 156.58 237.03 198.48 134.24 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.60 21.75 18.56 Cash Conversion Cycle 132.55 128.49 155.79 155.79 122.89 125.19 156.58 215.44 176.73 115.69 Total Debt/Equity 0.14 0.10 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.09 Interest Cover 9.65 13.44 22.92 21.82 23.59 28.80 14.52 145.25 36.18 33.29

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 61.05 57.32 52.42 47.37 42.78 39.81 39.68 39.19 34.08 29.59 ROA 8.14% 8.85% 9.23% 9.52% 10.74% 8.13% 8.73% 11.41% 10.25% 9.28% ROE 16.35% 15.54% 14.80% 16.35% 18.65% 13.09% 12.44% 14.97% 15.00% 14.76% ROCE 17.26% 17.53% 16.85% 16.86% 19.10% 13.81% 13.14% 14.75% 13.24% 13.81% Fixed Asset Turnover 1.42 1.45 1.37 1.35 1.43 1.45 1.38 1.37 1.23 1.25 Receivable days 71.89 65.10 63.35 60.58 55.59 50.31 42.03 36.52 35.36 31.34 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.77 13.28 12.83 Cash Conversion Cycle 71.89 65.10 63.35 60.58 55.59 50.31 42.03 24.75 22.09 18.51 Total Debt/Equity 0.46 0.38 0.22 0.25 0.34 0.22 0.31 0.21 0.29 0.48 Interest Cover 5.68 6.01 7.09 8.79 11.12 9.27 7.76 16.03 9.86 7.26

Top Investors:

hdfc small cap fund

life insurance corporation of india

sbi technology opportunities fund

tata digital india fund

aditya birla sun life trustee private limited a/c aditya birla sun life digital india fund

abu dhabi investment authority

investor education and protection fund (iepf)

Annual Reports:

News Update:

Firstsource Solutions enters into strategic partnership with Cresta
11th Aug 2026, 17:46 PM

The partnership aims to deliver an integrated AI technology solution for enterprise customer experience transformation
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Firstsource Solution - Quarterly Results
7th Aug 2026, 00:00 AM

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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