Firstsource Solutions Limited

Web: firstsource.com NSE: FSL BSE: 532809 SECTOR: Services - Commercial Services & Supplies

256 8(-3%)

Volume

5L as on 22, Jul

Open

351

High

370

Low

365

264

VWAP

264

52 Week High

381

52 Week Low

202

Viand Research Rating

Quality Score

59/100

Growth Score

48/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

17,867

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

8.85%

DII Holding

25.49%

Price Chart

Price Performance

1 Week1%

1 Month8%

3 Months18%

6 Months16%

1 Year24%

YTD21%

Moving Average

5 Day SMA266

10 Day SMA262

20 Day SMA251

30 Day SMA249

50 Day SMA252

61 Day SMA248

80 Day SMA242

200 Day SMA283

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	277	268	274	277
Resistance 2	274	267	272	275
Resistance 1	270	267	270	271
Pivot Point	268	266	268	268
Support 1	264	265	265	264
Support 2	261	265	264	262
Support 3	257	264	261	258

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	ADANIPORTS	4,08,031	1771	1%	0%	29%	28%	33	41.4	0.66	12782
2	INDIGO	1,92,425	4976	1%	2%	4%	13%	50	41.4	11.15	-2394
3	GMRAIRPORT	1,13,118	107	2%	2%	15%	20%	0	41.4	-17.45	472
4	GMRINFRA	87,133	95	2%	9%	22%	9%	0	41.4	-17.45	472
5	JSWINFRA	75,760	325	2%	7%	24%	3%	0	41.4	0.63	1547
6	CONCOR	36,421	478	2%	2%	3%	21%	0	41.4	0.07	1246
7	DELHIVERY	34,835	465	6%	3%	20%	5%	0	41.4	0.15	153
8	GESHIP	20,530	1438	3%	3%	29%	45%	0	41.4	0.06	2943
9	REDINGTON	20,479	262	6%	5%	2%	15%	0	41.4	0.28	1284
10	CMPDI	18,193	255	2%	8%	64%	64%	0	41.4	0	613
Load More

Shareholding Pattern (%)

	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%
FIIs	(-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	(0.31) 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	11.05%	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	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

	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	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)	5.7%	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	2153	2040	1936	1871	1829	1785	1638	1521	1420	1359	1311	1289	1313	1295	1296	1291	1299	1226	1190	1246
Operating Profit	430	403	376	347	333	318	287	270	250	237	229	240	244	210	192	181	245	238	239	238
OPM %	17	16	16	16	15	15	15	15	15	15	15	16	16	14	13	12	16	16	17	16
Other Income	-2	-97	1	7	2	7	-3	2	3	15	17	2	13	62	49	6	0	0	1	0
Interest	52	43	43	43	43	39	34	32	27	25	26	25	21	20	20	19	19	15	16	15
Depreciation	116	111	110	97	91	84	79	73	67	66	65	61	64	69	66	64	70	62	60	58
Profit before tax	261	152	224	213	202	201	171	167	159	161	154	155	172	184	155	105	156	161	164	165
Tax %	21	21	20	21	20	20	19	19	16	20	18	19	18	14	16	19	15	16	18	19
Net Profit	205	120	180	169	161	160	138	135	134	129	127	126	141	158	129	85	132	135	135	134
Net Profit Growth % (QoQ)	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)	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	674	630	670	628	594	567	536	525	516	523	552	554	513	504	481	487	536	404	269	0
EPS in Rs	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	8000	6743	5329	5165	4939	4239	3445	3274	3064	3109	2819	2645	2735	2525
Operating Profit	1556	1238	1008	858	982	839	654	552	471	447	398	390	371	293
OPM %	16	16	16	14	17	17	16	14	13	13	12	13	12	10
Other Income	-91	14	37	131	1	-114	9	4	5	3	9	7	2	46
Interest	181	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 %	0	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	-452	-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	95	-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	2014	1587	1091	1248	702	785	796	789	393	352	352	316	286	306	409	382
Total Liabilities	9320	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	3607	3114	2642	2580	2017	1754	1736	1691	1630	1271	1255	1074	845	901	953	853
Total Assets	9320	8321	7758	7399	5929	5545	5613	4783	4514	3630	3371	3309	2954	3427	3689	3372

Delivery

#	Date	225 25% 282	Value (Cr)	Q/T 56	Del 33	Del 31
1	22-Jul	264	14	43	32	4
2	21-Jul	266	18	40	33	6
3	20-Jul	267	19	27	41	8
4	17-Jul	266	23	37	38	9
5	16-Jul	265	45	40	33	15
6	15-Jul	262	25	53	33	8
7	14-Jul	264	90	51	29	26
8	13-Jul	265	60	56	29	17
9	10-Jul	260	88	67	34	30
10	9-Jul	243	17	36	39	6
11	8-Jul	237	23	49	29	7
12	7-Jul	244	17	46	42	7
13	6-Jul	249	64	60	33	21
14	3-Jul	240	45	69	24	11
15	2-Jul	239	70	71	16	11
16	1-Jul	230	32	59	27	9
17	30-Jun	228	37	55	39	14
18	29-Jun	235	31	53	48	15
19	25-Jun	243	14	52	34	5
20	24-Jun	244	30	54	27	8
21	23-Jun	242	14	40	42	6
22	22-Jun	244	18	47	39	7
23	19-Jun	245	40	59	34	13
24	18-Jun	240	24	40	38	9
25	17-Jun	244	25	41	38	10
26	16-Jun	243	35	44	43	15
27	15-Jun	247	41	56	55	23
28	12-Jun	248	22	55	30	6
29	11-Jun	247	19	49	20	4
30	10-Jun	250	32	50	27	8
31	9-Jun	251	33	47	33	11
32	8-Jun	252	47	67	31	14
33	5-Jun	268	36	55	29	10
34	4-Jun	266	36	48	30	11
35	3-Jun	267	31	48	21	6
36	2-Jun	271	65	60	20	13
37	1-Jun	267	59	65	17	10
38	29-May	263	57	61	44	25
39	27-May	265	70	70	29	20
40	26-May	278	102	72	41	42
41	25-May	280	166	66	30	49
42	22-May	269	179	85	32	58
43	21-May	254	67	47	40	27
44	20-May	247	62	62	20	12
45	19-May	242	167	74	11	18
46	18-May	234	45	62	25	11
47	15-May	238	43	69	23	10
48	14-May	240	282	82	13	36

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	17,867c	471c	2.57
22-Jul	18,338c	237c	1.28
21-Jul	18,575c	20c	0.11
17-Jul	18,555c	28c	0.15
16-Jul	18,527c	221c	1.21
15-Jul	18,307c	498c	2.65
14-Jul	18,804c	286c	1.54
13-Jul	18,518c	1,066c	6.11
10-Jul	17,452c	536c	3.17
09-Jul	16,916c	349c	2.10
08-Jul	16,568c	523c	3.06
07-Jul	17,090c	251c	1.45
06-Jul	17,341c	774c	4.67
02-Jul	16,567c	560c	3.50
01-Jul	16,006c	108c	0.68
30-Jun	15,898c	718c	4.32
29-Jun	16,616c	251c	1.49
26-Jun	16,867c	185c	1.08
25-Jun	17,052c	94c	0.55
24-Jun	16,958c	56c	0.33
23-Jun	16,902c	94c	0.55
22-Jun	16,996c	73c	0.43
19-Jun	17,069c	362c	2.17
18-Jun	16,707c	296c	1.74
17-Jun	17,003c	77c	0.45
16-Jun	16,926c	227c	1.32
15-Jun	17,153c	153c	0.89
12-Jun	17,306c	87c	0.50
11-Jun	17,393c	349c	1.96
10-Jun	17,742c	0	0

Stock Checklist

Price is below from 52 week high low average: 39%

Stock is trading above all short term SMAs: YES

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 154 fund scheme(s) across 28 fund house(s) as of Jul26 · Total value ₹5,746 Cr · 21 increasing / 0 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	10	3.33%	+0.15%	2775.3
SBI Mutual Fund	8	6.71%	-	669.6
Tata Mutual Fund	6	5.32%	-	487.5
Aditya Birla Sun Life Mutual Fund	10	0.92%	-	319.5
Edelweiss Mutual Fund	12	0.48%	-	270.4
ICICI Prudential Mutual Fund	8	0.58%	+0.10%	235.1
Axis Mutual Fund	14	0.93%	-	219.6
HSBC Mutual Fund	8	0.33%	-	151.9
Canara Robeco Mutual Fund	2	0.57%	-	151.6
WhiteOak Capital Mutual Fund	14	0.52%	+0.11%	113.4
Motilal Oswal Mutual Fund	10	5.48%	-	82.7
UTI Mutual Fund	4	0.71%	-	70.5
Trust Mutual Fund	2	1.40%	+0.60%	53
Baroda BNP Paribas Mutual Fund	4	0.80%	-	49
Bank of India Mutual Fund	4	1.75%	-	25.2
Nippon India Mutual Fund	4	0.26%	-	22.2
JM Financial Mutual Fund	2	1.26%	-	17.1
Invesco Mutual Fund	2	2.53%	-	14.7
Kotak Mahindra Mutual Fund	4	1.24%	+0.12%	12.5
The Wealth Company Mutual Fund	2	1.23%	-	1.3
Jio BlackRock Mutual Fund	1	0.34%	-	1.1
Groww Mutual Fund	4	0.19%	-	1.1
Bandhan Mutual Fund	4	0.19%	-	0.6
Navi Mutual Fund	6	0.58%	-	0.4
DSP Mutual Fund	4	0.21%	-	0.1
Angel One Mutual Fund	2	0.04%	-	0
Mirae Asset Mutual Fund	2	0.04%	-	0
Zerodha Mutual Fund	1	0.17%	+0.02%	0

Firstsource Solutions Limited

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Price Performance

Moving Average

PIVOT LEVEL

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Shareholding Pattern (%)

Quarterly Results

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Cash Flows

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