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Firstsource Solutions Limited (FSL.NS)
Mumbai, MH, IN
Firstsource Solutions Limited provides tech-enabled business processes in India, the United Kingdom, the United States, the United Arab Emirates, and internationally. It operates through Healthcare; Banking and Financial Services; Communication, Media and Technology; and Diverse Industries segments. The company offers various banking and financial services and solutions, including customer acquisition, onboarding, transaction processing and payments, disputes and complaints, servicing, bereavement and power of attorney, fraud and financial crime, and account closure; lending services, such as origination, post-closing, title, settlement, and quality control and due diligence services; and collections. It also provides health plan services comprising claims operations, enrollment and billing, customer service, care coordination, credential provider, data and network management, benefit coding, maintenance, coverage, Medicaid enrollment, prior authorization, medical coding, denial management and prevention, patient billing and collections, and receivables management; and communication services, such as sales and retention, tech ops, receivables and collections management, and generative AI. In addition, it offers media/edtech solutions, such as content development and enrichment, learner support, student pre-registration and enrollment, and digital collections; and other services for retention and loyalty, meter-to-cash operations, crisis/contingency management, smart meter conversions, debt management, and complaints handling industries; and consulting services. It serves banking and financial services, healthcare, communications, media and technology, retail, energy, and utilities sectors. The company was formerly known as ICICI Onesource Limited and changed its name to Firstsource Solutions Limited in November 2006. The company was incorporated in 2001 and is based in Mumbai, India. Firstsource Solutions Limited is a subsidiary of RPSG Ventures Limited.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -4.55% | +0.95% | +13.02% | -9.02% | -32.01% | -25.82% | -27.71% | +90.87% | +94.68% | +521.95% | +213.12% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 4 | 0 |
| Buy | 7 | -1 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Information Technology Services: +10.1%+19.9% ★ Q1'26: +19.2% (vs Q1'25)
-
EPS growth Information Technology Services: +16.7%+13.5% Q1'26: +27.6% (vs Q1'25)
-
FCF margin FCF growth · Information Technology Services: +32.8%+7.3% ★ Q1'26: -1.3% (vs Q1'25)
-
EBIT margin Information Technology Services: +9.0%+11.7% ★ Q1'26: +12.2% (vs Q1'25)
-
ROIC Information Technology Services: +9.5%+12.7% ★ Q1'26: +14.2% (vs Q1'25)
-
Share dilution Information Technology Services: +0.0%-0.1% ★ Q1'26: +0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×1.88× Q1'26: 1.70× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2010 actual |
Mar 2011 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 12 Rev. Ana. 9 EPS Ana. |
Mar 2027 12 Rev. Ana. 13 EPS Ana. |
Mar 2028 14 Rev. Ana. 13 EPS Ana. |
Mar 2029 5 Rev. Ana. 5 EPS Ana. |
Mar 2030 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
19.54B
est: 19.88B (-1.7%)
|
20.11B
est: 20.81B (-3.4%)
|
22.55B
est: 22.58B (-0.1%)
|
28.44B
est: 28.85B (-1.4%)
|
31.27B
est: 31.45B (-0.6%)
|
30.03B
est: 30.60B (-1.9%)
|
32.17B
est: 32.22B (-0.1%)
|
35.56B
est: 35.49B (+0.2%)
|
34.31B
est: 35.24B (-2.6%)
|
37.87B
est: 38.25B (-1.0%)
|
40.50B
est: 40.77B (-0.7%)
|
50.33B
est: 50.06B (+0.5%)
|
58.66B
est: 58.41B (+0.4%)
|
59.86B
est: 60.31B (-0.7%)
|
63.33B
est: 65.98B (-4.0%)
|
79.72B
est: 79.96B (-0.3%)
|
95.89B
94.22B – 100.17B
+19.9% YoY
|
111.33B
109.57B – 113.90B
+16.1% YoY
|
123.64B
120.99B – 129.58B
+11.1% YoY
|
137.75B
137.16B – 138.34B
+11.4% YoY
|
145.87B
143.13B – 151.15B
+5.9% YoY
|
| EBITDA |
2.79B
est: 501.39M (+455.8%)
|
3.03B
est: 2.14B (+41.6%)
|
2.23B
est: 2.60B (-14.1%)
|
3.25B
est: 1.50B (+117.5%)
|
3.64B
est: 2.34B (+55.3%)
|
3.87B
est: 1.89B (+104.7%)
|
4.00B
est: 2.64B (+51.2%)
|
4.41B
est: 3.32B (+33.0%)
|
4.64B
est: 3.50B (+32.6%)
|
5.39B
est: 4.23B (+27.7%)
|
6.38B
est: 5.14B (+24.0%)
|
6.90B
est: 5.94B (+16.3%)
|
9.60B
est: 6.55B (+46.6%)
|
9.57B
est: 7.22B (+32.5%)
|
9.93B
est: 10.50B (-5.4%)
|
12.16B
est: 12.69B (-4.2%)
|
15.26B
15.00B – 15.94B
+20.3% YoY
|
17.72B
17.44B – 18.13B
+16.1% YoY
|
19.68B
19.26B – 20.63B
+11.1% YoY
|
21.93B
21.83B – 22.02B
+11.4% YoY
|
23.22B
22.78B – 24.06B
+5.9% YoY
|
| EBIT |
1.91B
est: 1.41B (+35.6%)
|
2.14B
est: 1.94B (+10.3%)
|
1.34B
est: 2.12B (-36.8%)
|
2.37B
est: 1.22B (+93.6%)
|
2.88B
est: 2.08B (+38.4%)
|
3.15B
est: 2.83B (+11.4%)
|
3.39B
est: 3.25B (+4.2%)
|
3.82B
est: 3.61B (+5.9%)
|
3.98B
est: 3.76B (+5.9%)
|
4.65B
est: 4.28B (+8.6%)
|
4.53B
est: 4.87B (-7.1%)
|
4.84B
est: 4.97B (-2.6%)
|
7.11B
est: 5.49B (+29.6%)
|
6.94B
est: 6.05B (+14.8%)
|
7.33B
est: 7.68B (-4.5%)
|
8.89B
est: 9.28B (-4.2%)
|
11.16B
10.96B – 11.66B
+20.3% YoY
|
12.96B
12.75B – 13.25B
+16.1% YoY
|
14.39B
14.08B – 15.08B
+11.1% YoY
|
16.03B
15.96B – 16.10B
+11.4% YoY
|
16.97B
16.66B – 17.59B
+5.9% YoY
|
| Net Income |
1.37B
est: 350.39M (+289.6%)
|
1.39B
est: 1.43B (-2.8%)
|
620.31M
est: 1.50B (-58.7%)
|
1.47B
est: 792.34M (+85.0%)
|
1.93B
est: 1.60B (+20.8%)
|
2.34B
est: 1.91B (+23.0%)
|
2.60B
est: 2.47B (+5.5%)
|
2.80B
est: 2.86B (-1.9%)
|
3.27B
est: 2.78B (+17.5%)
|
3.78B
est: 3.56B (+6.2%)
|
3.40B
est: 4.00B (-15.0%)
|
3.62B
est: 3.80B (-4.9%)
|
5.37B
est: 4.20B (+28.0%)
|
5.14B
est: 5.55B (-7.4%)
|
5.15B
est: 5.45B (-5.6%)
|
5.94B
est: 6.95B (-14.5%)
|
6.74B
6.56B – 7.59B
-2.9% YoY
|
9.53B
8.91B – 9.87B
+41.4% YoY
|
11.06B
9.87B – 11.60B
+16.0% YoY
|
13.02B
11.81B – 14.01B
+17.7% YoY
|
13.47B
13.15B – 14.11B
+3.5% YoY
|
| SGA |
4.62B
est: 11.70B (-60.5%)
|
4.66B
est: 12.60B (-63.0%)
|
4.26B
est: 13.81B (-69.1%)
|
5.29B
est: 26.38B (-79.9%)
|
1.89B
est: 27.63B (-93.2%)
|
1.91B
est: 27.04B (-92.9%)
|
1.97B
est: 27.94B (-92.9%)
|
2.26B
est: 30.94B (-92.7%)
|
1.99B
est: 30.86B (-93.6%)
|
2.07B
est: 33.43B (-93.8%)
|
594.49M
est: 34.68B (-98.3%)
|
850.34M
est: 38.72B (-97.8%)
|
1.38B
est: 42.74B (-96.8%)
|
1.44B
est: 47.13B (-96.9%)
|
2.02B
est: 1.42B (+41.5%)
|
2.26B
est: 58.65B (-96.1%)
|
2.07B
2.03B – 2.16B
-96.5% YoY
|
2.40B
2.37B – 2.46B
+16.1% YoY
|
2.67B
2.61B – 2.80B
+11.1% YoY
|
2.97B
2.96B – 2.99B
+11.4% YoY
|
3.15B
3.09B – 3.26B
+5.9% YoY
|
| EPS |
3.17
est: 2.39 (+32.6%)
|
3.22
est: 2.31 (+39.5%)
|
1.44
est: 1.32 (+8.8%)
|
2.91
est: 1.82 (+60.1%)
|
2.93
est: 2.90 (+1.1%)
|
3.53
est: 3.49 (+1.1%)
|
3.89
est: 4.09 (-4.9%)
|
4.14
est: 4.44 (-6.7%)
|
4.78
est: 4.89 (-2.2%)
|
5.48
est: 5.82 (-5.8%)
|
4.90
est: 6.30 (-22.2%)
|
5.31
est: 7.28 (-27.1%)
|
7.90
est: 7.69 (+2.8%)
|
7.55
est: 7.43 (+1.6%)
|
7.52
est: 7.64 (-1.6%)
|
8.63
est: 9.74 (-11.4%)
|
10.10
9.30 – 10.75
+3.7% YoY
|
13.31
12.63 – 14.00
+31.8% YoY
|
15.47
13.99 – 16.44
+16.2% YoY
|
18.53
16.74 – 19.86
+19.8% YoY
|
19.10
18.63 – 20.00
+3.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-05 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-04 | B+ | 3/5 | 5/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-30 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-29 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-28 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.02% | 3.13M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.01% | 101.8K | 0.48% |
| 3 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.01% | 229.6K | 0.26% |
| 4 | Vanguard FTSE Emerging Markets ETF VWO | 0.01% | 11.33M | 0.06% |
| 5 | Vanguard ESG International Stock ETF VSGX | 0.00% | 192.6K | 0.10% |
| 6 | Vanguard Total International Stock ETF VXUS | 0.00% | 12.26M | 0.05% |
| 7 | Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO | 0.00% | 18.2K | 0.22% |
| 8 | Vanguard Total World Stock ETF VT | 0.00% | 562.1K | 0.06% |
| 9 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 54.9K | 0.22% |
| 10 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 29.5K | 0.22% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ritesh Mohan Idnani | MD, Chief Executive Officer & Executive Director | 25M | male |
| Pooja Suresh Nambiar | Company Secretary & Compliance Officer | 3M | female |
| Dinesh Jain | Chief Financial Officer | — | male |
| Hasit Trivedi | President and Chief Digital & AI Officer | — | male |
| Jagriti Bhattacharyya | Executive Vice President & General Counsel | — | female |
| Madhavi Behl | Vice President of Corporate Communications | — | — |
| Manjunath Srivatsa | SVP & CAO - Administration, Infrastructure & Physical Security | — | male |
| Aniket Maindarkar | Chief Marketing Officer | — | male |
| Sohit Brahmawar | Chief Operating Officer | — | male |
| Bhavesh Lakhani | Chief Information Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for FSL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
