Firstsource Solutions Limited provides business-process management and digital transformation services to global enterprises. It serves banking and financial services, healthcare, communications, and other industries through technology-enabled customer management and business operations. Increasing outsourcing and adoption of automation and AI provide long-term growth opportunities. Domain expertise and long-standing customer relationships support competitive positioning. IT spending, employee costs, client concentration, automation, and global economic conditions remain important considerations.
| Market cap | Sales (TTM) | Net profit (TTM) | P/E | EPS (TTM) | P/B | ROE | ROE previous year | ROCE | Debt / equity | Free cash flow | EV / EBITDA | Beta |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹19,223 cr | ₹10,064 cr | ₹671 cr | 28.4 | 9.71 | 4.38 | 15.9% | 15.2% | 17.3% | 0.44 | ₹1,082 cr | 14.5 | 1.15 |
| Quarter | Sales ₹ cr | Net profit ₹ cr | EPS | EPS YoY | Sales YoY | Net margin |
|---|---|---|---|---|---|---|
| Jun 2026 | 2,725 | 166 | 2.40 | -2.0% | +22.9% | 6.1% |
| Mar 2026 | 2,584 | 205 | 2.97 | +27.5% | +19.5% | 7.9% |
| Dec 2025 | 2,443 | 120 | 1.74 | -25.3% | +16.2% | 4.9% |
| Sep 2025 | 2,312 | 180 | 2.60 | +29.3% | +20.1% | 7.8% |
| Jun 2025 | 2,218 | 169 | 2.45 | +24.4% | +23.8% | 7.6% |
| Mar 2025 | 2,162 | 161 | 2.33 | +20.1% | +29.4% | 7.4% |
| Dec 2024 | 2,102 | 160 | 2.33 | +23.9% | +31.7% | 7.6% |
| Sep 2024 | 1,925 | 138 | 2.01 | +8.6% | +25.0% | 7.2% |
| Check | Result |
|---|---|
| Latest quarter EPS up 25%+ on a year ago | ✗ Fail |
| EPS growth accelerating over 3 quarters | ✗ Fail |
| Sales up 25%+, or sales growth accelerating | ✓ Pass |
| Annual EPS up 25%+ in each of the last 2 years | ✗ Fail |
| Net margin above the same quarter last year | ✗ Fail |
| Method | Checks | Score | Verdict |
|---|---|---|---|
| Minervini | ✓ Close above the 150- and 200-day averages ✗ 150-day above 200-day ✗ 200-day rising for a month ✓ 50-day above the 150- and 200-day ✓ Close above the 50-day ✓ At least 25% above the 52-week low · low 204.39 ✓ Within 25% of the 52-week high · high 367.20 ✗ RS percentile 70 or more · RS 48 Trend template - the gate, measured: a modest 21-day edge. | 5/8 | 5 of 8 |
| Weinstein | Stan Weinstein's stage analysis on the 30-week moving average. | Stage 2 - advancing | |
| CAN SLIM | ✗ C latest quarter EPS up 25%+ ✗ A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held ✗ N within 15% of the 52-week high · high 367.20 ✓ S more volume on up days than down days (50 sessions) · 2.17x ✗ L RS percentile 80 or more · RS 48 — I institutional sponsorship rising · shareholding not collected yet ✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45% William O'Neil's growth-leader checklist. | 2/6 | Weak |
| Darvas | ✗ New 52-week high in the last 120 sessions Darvas needs a new 52-week high to start a box. | 10/100 | No box |
| Turtle | ✗ Close above the prior 55-session high · 341.90 ✗ Close above the prior 20-session high · 300.00 ✗ Close below the prior 20-session low · 247.00 Donchian channel breakout - the Turtle traders' entry. | No signal | |
| Greenblatt | — Earnings yield (EBITDA / EV) · 6.9% — Return on capital (ROCE) · 17.3% Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately. | 64/100 | Average |
| Graham | ✗ Price at or below the Graham number · Graham number 117.29 ✗ P/E 15 or less · P/E 28.4 ✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 4.38 ✗ Current ratio 2 or more · 0.79 — 10 years of positive earnings, 20 of dividends · history not held Benjamin Graham's defensive-investor tests. | 43/100 | Expensive |
| Piotroski | ✓ Profitable (ROA > 0) ✓ Operating cash flow positive ✗ ROA rising ✓ Cash flow above net profit (earnings quality) ✓ Long-term debt / assets falling ✗ Current ratio rising · 0.79 ✓ No new shares issued ✗ Margin rising (net margin) ✓ Asset turnover rising Joseph Piotroski's F-score, FY 2025 -> 2026. | 6/9 | Average |
| Stock | 1M % | 3M % | 6M % | 1Y % | 3Y % | 5Y % | P/E | P/B | ROE % | ROCE % | ROA % | D/E | EV/EBITDA | ₹ Cr | Sales TTM ₹ Cr | Profit TTM ₹ Cr | EPS | Beta |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FSL this stock | +0.9 | +3.4 | +18.4 | -15.6 | +61.4 | +28.5 | 28.4 | 4.38 | 15.9 | 17.3 | — | 0.44 | 14.6 | 19,223 | 10,064 | 671 | 9.7 | 1.15 |
| KAPSTON | -7.2 | +25.5 | +67.3 | +227.0 | +808.0 | +1876.3 | 54.1 | 14.19 | 27.4 | 15.3 | — | 1.51 | 39.9 | 1,651 | 861 | 30 | 10.0 | 0.46 |
| BLSE | -9.4 | +5.1 | +65.8 | +63.1 | — | — | 44.9 | 5.00 | 11.4 | 17.2 | — | 0.00 | 25.9 | 2,611 | 1,178 | 70 | 3.2 | 0.95 |
| QUESS | -8.5 | +9.1 | +66.5 | +37.5 | +51.3 | -28.3 | 19.0 | 4.12 | 19.7 | 24.6 | — | 0.00 | 14.9 | 4,807 | 15,836 | 253 | 16.9 | 0.94 |
| MSTCLTD | -13.8 | +1.5 | +36.8 | +16.4 | +29.0 | +31.1 | 18.7 | 4.86 | 26.6 | 30.8 | — | 0.16 | 13.5 | 4,393 | 386 | 234 | 33.3 | 1.27 |
| SIS | -9.1 | -10.7 | +19.3 | +15.8 | -13.9 | -20.0 | 37.5 | 2.16 | 9.9 | 6.6 | — | 0.56 | 13.3 | 5,501 | 17,037 | 146 | 10.4 | 0.67 |
| AARVI | -2.2 | -12.5 | +3.7 | +14.0 | +0.3 | +121.7 | 10.8 | 1.43 | 13.2 | 14.2 | — | 0.19 | 9.1 | 203 | 671 | 19 | 12.7 | 0.95 |
| WEWORK | -2.5 | -2.5 | +21.8 | +2.7 | — | — | 105.5 | 30.87 | — | — | — | 1.12 | 5.8 | 9,200 | 2,589 | 85 | 6.3 | 0.78 |
| KRYSTAL | -5.6 | +1.6 | +5.4 | +1.9 | — | — | 13.1 | 1.71 | 13.7 | 16.1 | — | 0.22 | 9.2 | 852 | 1,315 | 65 | 46.8 | 0.68 |
| MAKEINDIA | -5.8 | -5.9 | -3.2 | +0.0 | +54.1 | — | — | — | — | — | — | — | — | — | — | — | — | 0.97 |
| DEVX | +28.4 | +21.6 | +1.3 | -3.2 | — | — | 33.1 | 2.11 | 5.8 | — | — | 0.78 | 4.4 | 391 | 224 | 10 | 1.2 | 1.03 |