Firstsource Solutions Limited

Web: firstsource.com NSE: FSL BSE: 532809 SECTOR: Services - Commercial Services & Supplies | Add Note | View Notes

267 1(0%)

Volume

8L as on 03, Sep

Open

351

High

370

Low

365

265

VWAP

266

52 Week High

380

52 Week Low

202

Viand Research Rating

Quality Score

32/100

Growth Score

49/100

Valuation Score

50/100

Momentum Score

25/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

18,582

No. of Shares

70.7

P/E

68.02

P/B

10.01

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

14.72

ROCE

Profit Growth

Listing Date

22-Feb-07

Promoter Holding

53.66%

FII Holding

8.38%

DII Holding

25.41%

Price Chart

Price Performance

1 Week1%

1 Month18%

3 Months1%

6 Months26%

1 Year27%

YTD21%

Moving Average

5 Day SMA267

10 Day SMA270

20 Day SMA271

30 Day SMA280

50 Day SMA268

61 Day SMA264

80 Day SMA263

200 Day SMA274

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	284	273	278	285
Resistance 2	278	272	274	278
Resistance 1	274	271	272	275
Pivot Point	268	270	268	269
Support 1	264	270	264	265
Support 2	258	269	262	259
Support 3	255	268	258	255

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	ADANIPORTS	3,93,148	1707	0%	0%	16%	28%	33	41.4	0.66	12782
2	INDIGO	1,92,889	4977	4%	8%	10%	13%	50	41.4	11.15	-2394
3	GMRAIRPORT	1,02,866	97	2%	8%	0%	12%	0	41.4	-15.85	472
4	GMRINFRA	87,133	95	2%	9%	22%	9%	0	41.4	-17.45	472
5	JSWINFRA	78,183	336	1%	2%	33%	10%	0	41.4	0.63	1547
6	CONCOR	38,309	503	3%	3%	6%	6%	0	41.4	0.07	1246
7	DELHIVERY	34,420	459	0%	1%	9%	1%	0	41.4	0.15	153
8	REDINGTON	28,953	370	4%	7%	42%	54%	0	41.4	0.28	1284
9	GESHIP	19,512	1367	3%	3%	2%	39%	0	41.4	0.06	2943
10	FSL	18,582	267	1%	18%	26%	27%	0	41.4	0.67	674
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%	(0.01) 53.66%
FIIs	(-0.51) 8.38%	(-0.41) 8.85%	(-0.11) 9.20%	(-0.31) 9.25%	(-0.51) 9.58%	(-0.91) 10.07%	(-0.61) 11.01%	(2.31) 11.63%	(-0.21) 9.36%	(-0.31) 9.59%	(-0.31) 9.89%	(0.21) 10.21%	(1.01) 9.99%	(0.51) 8.95%	(0.01) 8.41%	(0.51) 8.41%	(0.21) 7.95%	(-1.81) 7.79%	(-1.01) 9.60%	(0.01) 10.64%
DIIs	(-0.11) 25.41%	(0.31) 25.49%	(0.61) 25.19%	(0.71) 24.63%	(1.11) 23.95%	(2.01) 22.90%	(2.31) 20.89%	(-0.91) 18.60%	(0.31) 19.52%	(1.11) 19.27%	(1.91) 18.16%	(1.11) 16.22%	(0.11) 15.17%	(0.91) 15.06%	(0.91) 14.18%	(-1.31) 13.26%	(-0.21) 14.57%	(0.01) 14.75%	(1.01) 14.78%	(0.01) 13.79%
Public	11.71%	11.05%	11.11%	11.59%	11.92%	12.26%	13.36%	15.00%	16.15%	16.15%	16.86%	17.91%	19.12%	20.09%	21.38%	22.25%	21.50%	21.36%	19.62%	19.45%
No. of Shareholders	242,813	229,935	230,472	240,982	254,253	266,868	280,639	282,859	258,789	266,874	275,233	287,185	295,283	309,891	328,787	341,663	328,001	320,499	294,100	278,435

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	2725	2583	2443	2312	2218	2161	2102	1925	1791	1670	1597	1540	1529	1557	1505	1488	1472	1544	1464	1429	1485
Sales Growth % (YoY)	-	19.5%	16.2%	20.1%	23.8%	29.4%	31.7%	25%	17.1%	7.3%	6.1%	3.5%	3.9%	0.8%	2.8%	4.2%	-0.8%	5.5%	7.2%	20.3%	39.8%
Sales Growth % (QoQ)	5.5%	5.7%	5.7%	4.2%	2.6%	2.8%	9.2%	7.5%	7.2%	4.6%	3.7%	0.7%	-1.8%	3.5%	1.1%	1.1%	-4.7%	5.5%	2.4%	-3.8%	-
Expenses	2274	2153	2040	1936	1871	1829	1785	1638	1521	1420	1359	1311	1289	1313	1295	1296	1291	1299	1226	1190	1246
Operating Profit	451	430	403	376	347	333	318	287	270	250	237	229	240	244	210	192	181	245	238	239	238
OPM %	17	17	16	16	16	15	15	15	15	15	15	15	16	16	14	13	12	16	16	17	16
Other Income	-66	-2	-97	1	7	2	7	-3	2	3	15	17	2	13	62	49	6	0	0	1	0
Interest	52	52	43	43	43	43	39	34	32	27	25	26	25	21	20	20	19	19	15	16	15
Depreciation	115	116	111	110	97	91	84	79	73	67	66	65	61	64	69	66	64	70	62	60	58
Profit before tax	219	261	152	224	213	202	201	171	167	159	161	154	155	172	184	155	105	156	161	164	165
Tax %	24	21	21	20	21	20	20	19	19	16	20	18	19	18	14	16	19	15	16	18	19
Net Profit	166	205	120	180	169	161	160	138	135	134	129	127	126	141	158	129	85	132	135	135	134
Net Profit Growth % (QoQ)	-19%	70.8%	-33.3%	6.5%	5%	0.6%	15.9%	2.2%	0.7%	3.9%	1.6%	0.8%	-10.6%	-10.8%	22.5%	51.8%	-35.6%	-2.2%	-	0.7%	-
Net Profit Growth % (YoY)	-1.8%	27.3%	-25%	30.4%	25.2%	20.1%	24%	8.7%	7.1%	-5%	-18.4%	-1.6%	48.2%	6.8%	17%	-4.4%	-36.6%	-	-	-	-
TTM Net Profit	671	674	630	670	628	594	567	536	525	516	523	552	554	513	504	481	487	536	404	269	0
EPS in Rs	2.35	2.9	1.7	2.54	2.39	2.27	2.27	1.96	1.92	1.9	1.83	1.8	1.79	2.02	2.26	1.85	1.22	1.9	1.94	1.94	1.93

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	9556	7980	6336	6022	5921	5078	4099	3826	3535	3556	3217	3035	3106	2819
Sales Growth %	19.8%	26%	5.2%	1.7%	16.6%	23.9%	7.1%	8.2%	-0.6%	10.5%	6%	-2.3%	10.2%	25%
Expenses	7952	6737	5329	5165	4939	4239	3445	3274	3064	3109	2819	2645	2735	2525
Operating Profit	1605	1244	1008	858	982	839	654	552	471	447	398	390	371	293
OPM %	17	16	16	14	17	17	16	14	13	13	12	13	12	10
Other Income	-91	8	37	131	1	-114	9	4	5	3	9	7	2	46
Interest	230	184	155	110	86	87	83	46	53	54	61	80	94	92
Depreciation	434	327	260	263	249	206	185	74	66	59	61	72	76	88
Profit before tax	850	741	630	615	647	432	394	436	358	337	286	244	203	159
Tax %	21	20	18	16	17	16	14	13	9	17	9	4	5	8
Net Profit	674	594	515	514	537	362	340	378	327	279	261	234	193	146
Net Profit Growth %	13.5%	15.3%	0.2%	-4.3%	48.3%	6.5%	-10.1%	15.6%	17.2%	6.9%	11.5%	21.2%	32.2%	-
EPS in Rs	9.54	8.41	7.31	7.33	7.69	5.2	4.9	5.47	4.76	4.11	3.87	3.52	2.92	2.23
Dividend Payout %	57	47	47	47	45	58	51	37	32	0	0	0	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	1214	701	644	795	704	976	410	400	315	200	297	246	396	199
Cash from Investing Activity	-443	-744	-57	17	-594	-344	10	-203	96	-233	-101	-104	-13	583
Cash from Financing Activity	-667	23	-563	-743	-158	-689	-277	-273	-327	4	-207	-246	-286	-881
Net Cash Flow	104	-21	23	69	-49	-58	143	-76	84	-30	-11	-105	96	-98

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	697	697	697	697	697	697	697	696	694	691	687	681	673	666	660	658
Reserves	3688	3669	3401	3202	3003	2670	2336	2103	2072	2030	1665	1347	1104	1422	1432	1056
Borrowings	2922	2369	2569	2252	1526	1393	1784	1194	1356	557	667	965	891	1031	1189	1276
Other Liabilities	1825	1587	1091	1248	702	785	796	789	393	352	352	316	286	306	409	382
Total Liabilities	9131	8321	7758	7399	5929	5545	5613	4783	4514	3630	3371	3309	2954	3427	3689	3372
Fixed Assets	5567	5094	4994	4710	3853	3716	3744	2998	2871	2223	2080	2068	2022	2444	2730	2514
CWIP	30	9	49	74	17	3	3	0	0	2	2	4	2	8	0	2
Investments	116	103	73	35	42	71	130	94	12	134	34	163	85	73	5	3
Other Assets	3419	3114	2642	2580	2017	1754	1736	1691	1630	1271	1255	1074	845	901	953	853
Total Assets	9131	8321	7758	7399	5929	5545	5613	4783	4514	3630	3371	3309	2954	3427	3689	3372

Delivery

Delivery Data: FSL

#	Date	227 50% 342	Value (Cr)	Q/T 68	Del 29	Del 73
1	4-Sep	264	25	48	33	8
2	3-Sep	265	20	55	35	7
3	2-Sep	270	18	43	51	9
4	1-Sep	266	36	55	40	14
5	31-Aug	265	19	54	48	9
6	28-Aug	269	18	50	28	5
7	27-Aug	268	14	31	48	6
8	26-Aug	270	25	69	48	12
9	25-Aug	275	21	59	35	7
10	24-Aug	272	14	43	38	5
11	21-Aug	276	28	66	37	11
12	20-Aug	272	32	57	31	10
13	19-Aug	273	79	83	20	16
14	18-Aug	264	20	57	47	10
15	17-Aug	268	15	40	31	5
16	14-Aug	267	21	32	39	8
17	13-Aug	272	18	35	41	7
18	12-Aug	274	51	42	41	21
19	11-Aug	280	63	48	34	21
20	10-Aug	280	73	48	26	19
21	7-Aug	280	259	46	24	62
22	6-Aug	294	727	90	20	143
23	5-Aug	339	118	67	34	40
24	4-Aug	331	115	83	29	33
25	3-Aug	324	324	93	22	73
26	31-Jul	302	189	66	31	59
27	30-Jul	300	200	79	24	47
28	29-Jul	294	1436	110	7	100
29	28-Jul	263	78	46	34	27
30	27-Jul	262	30	38	40	12
31	24-Jul	254	18	39	38	7
32	23-Jul	256	15	42	32	5
33	22-Jul	264	14	43	32	4
34	21-Jul	266	18	40	33	6
35	20-Jul	267	19	27	41	8
36	17-Jul	266	23	37	38	9
37	16-Jul	265	45	40	33	15
38	15-Jul	262	25	53	33	8
39	14-Jul	264	90	51	29	26
40	13-Jul	265	60	56	29	17
41	10-Jul	260	88	67	34	30
42	9-Jul	243	17	36	39	6
43	8-Jul	237	23	49	29	7
44	7-Jul	244	17	46	42	7
45	6-Jul	249	64	60	33	21
46	3-Jul	240	45	69	24	11
47	2-Jul	239	70	71	16	11
48	1-Jul	230	32	59	27	9
49	30-Jun	228	37	55	39	14
50	29-Jun	235	31	53	48	15

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	18,582c	188c	1.00
03-Sep	18,770c	484c	2.65
01-Sep	18,286c	247c	1.34
31-Aug	18,533c	164c	0.88
27-Aug	18,697c	554c	2.88
26-Aug	19,251c	272c	1.43
25-Aug	18,979c	7c	0.04
24-Aug	18,986c	24c	0.13
21-Aug	19,010c	52c	0.27
19-Aug	19,063c	662c	3.60
18-Aug	18,401c	227c	1.22
17-Aug	18,627c	31c	0.17
14-Aug	18,596c	436c	2.29
13-Aug	19,031c	94c	0.49
12-Aug	19,125c	418c	2.14
11-Aug	19,544c	38c	0.20
10-Aug	19,505c	11c	0.05
07-Aug	19,516c	3,743c	16.09
06-Aug	23,259c	544c	2.39
04-Aug	22,715c	1,666c	7.91
31-Jul	21,049c	373c	1.80
30-Jul	20,676c	252c	1.24
29-Jul	20,424c	2,023c	11.00
28-Jul	18,401c	139c	0.76
27-Jul	18,261c	0	0

Stock Checklist

Price is above from 52 week high low average: 36%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 152 fund scheme(s) across 28 fund house(s) as of Aug26 · Total value ₹7,888 Cr · 97 increasing / 16 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	10	4.11%	+0.92%	3678.1
SBI Mutual Fund	8	3.27%	+0.44%	801.6
Tata Mutual Fund	6	2.00%	+0.29%	603.6
Aditya Birla Sun Life Mutual Fund	10	1.37%	+0.60%	512.6
Edelweiss Mutual Fund	12	0.65%	+0.32%	435.9
Canara Robeco Mutual Fund	2	1.28%	+0.71%	363
Axis Mutual Fund	10	0.33%	+0.04%	296.2
Motilal Oswal Mutual Fund	16	0.90%	+1.79%	289.4
ICICI Prudential Mutual Fund	8	0.78%	+0.07%	283.3
HSBC Mutual Fund	4	0.47%	+0.12%	178.2
UTI Mutual Fund	4	0.99%	+0.28%	105.5
WhiteOak Capital Mutual Fund	14	0.22%	-0.11%	98.7
Baroda BNP Paribas Mutual Fund	4	1.06%	+0.28%	69.2
Trust Mutual Fund	2	0.87%	-0.53%	43.2
Bank of India Mutual Fund	4	0.51%	+0.08%	35.6
Nippon India Mutual Fund	4	0.42%	+0.10%	32.5
Invesco Mutual Fund	2	3.13%	+0.61%	20.8
JM Financial Mutual Fund	2	1.13%	-0.13%	18.2
Kotak Mahindra Mutual Fund	4	1.30%	+0.21%	16.5
Jio BlackRock Mutual Fund	1	0.45%	+0.10%	1.7
The Wealth Company Mutual Fund	2	0.93%	-0.29%	1.6
Groww Mutual Fund	4	0.15%	+0.08%	1.5
Bandhan Mutual Fund	4	0.21%	-	0.7
DSP Mutual Fund	4	0.27%	+0.06%	0.2
Navi Mutual Fund	6	0.04%	-	0.1
Angel One Mutual Fund	2	0.05%	+0.01%	0.1
Mirae Asset Mutual Fund	2	0.04%	-	0
Zerodha Mutual Fund	1	0.20%	-	0

Firstsource Solutions Limited

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