Firstsource Solutions Limited

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

290 5(2%)

Volume

15L as on 16, Oct

Open

351

High

370

Low

365

284

VWAP

285

52 Week High

372

52 Week Low

202

Viand Research Rating

Quality Score

76/100

Growth Score

75/100

Valuation Score

50/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

20,178

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

Rank/Sector Rank

#410/#11

Promoter Holding

53.66%

FII Holding

8.38%

DII Holding

25.41%

Price Chart

Price Performance

1 Week5%

1 Month1%

3 Months6%

6 Months15%

1 Year12%

YTD16%

Moving Average

5 Day SMA284

10 Day SMA273

20 Day SMA267

30 Day SMA266

50 Day SMA269

61 Day SMA273

80 Day SMA267

200 Day SMA262

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	299	285	295	299
Resistance 2	295	284	291	295
Resistance 1	288	283	288	288
Pivot Point	284	282	284	284
Support 1	278	281	280	278
Support 2	274	280	278	274
Support 3	267	279	274	267

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	ADANIPORTS	4,03,193	1750	1%	2%	13%	19%	33	34.9	0.66	12782
2	INDIGO	1,77,867	4600	3%	1%	2%	21%	50	34.9	11.15	-2394
3	GMRAIRPORT	93,177	87	3%	3%	7%	3%	0	34.9	-15.85	472
4	GMRINFRA	87,133	95	1%	2%	1%	1%	0	34.9	-17.45	472
5	JSWINFRA	74,677	320	0%	4%	25%	16%	0	34.9	0.63	1547
6	CONCOR	32,338	425	1%	8%	11%	16%	0	34.9	0.07	1246
7	DELHIVERY	29,231	390	2%	3%	11%	14%	0	34.9	0.14	325
8	REDINGTON	28,691	367	1%	1%	68%	44%	0	34.9	0.28	1284
9	GESHIP	21,685	1519	2%	8%	9%	46%	0	34.9	0.06	2943
10	FSL	20,178	290	5%	1%	15%	12%	0	34.9	0.42	432
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	879	774	752	675	682	628	624	542	513	466	435	364	336	1557	1505	1488	1472	1544	1464	1429	1485
Sales Growth % (YoY)	28.9%	23.2%	20.5%	24.5%	33%	34.8%	43.5%	48.8%	52.6%	37.6%	32.9%	3.8%	-6.3%	0.8%	2.8%	4.2%	-0.8%	5.5%	7.2%	20.3%	39.8%
Sales Growth % (QoQ)	13.6%	2.9%	11.4%	-1%	8.6%	0.6%	15.1%	5.7%	10.1%	7.1%	19.5%	8.3%	-78.4%	3.5%	1.1%	1.1%	-4.7%	5.5%	2.4%	-3.8%	-
Expenses	556	524	524	498	470	460	466	402	371	332	307	263	247	1313	1295	1296	1291	1299	1226	1190	1246
Operating Profit	323	250	228	177	212	168	158	140	142	134	128	101	90	244	210	192	181	245	238	239	238
OPM %	37	32	30	26	31	27	25	26	28	29	30	28	27	16	14	13	12	16	16	17	16
Other Income	15	9	-87	10	12	11	66	8	10	9	10	9	8	13	62	49	6	0	0	1	0
Interest	17	17	17	15	14	13	11	10	8	5	5	4	3	21	20	20	19	19	15	16	15
Depreciation	55	54	53	54	44	40	34	26	26	26	24	22	20	64	69	66	64	70	62	60	58
Profit before tax	267	188	71	118	166	126	178	112	118	111	109	85	75	172	184	155	105	156	161	164	165
Tax %	22	25	18	17	19	26	17	18	20	16	18	15	13	18	14	16	19	15	16	18	19
Net Profit	207	140	59	98	135	92	148	92	95	93	90	72	65	141	158	129	85	132	135	135	134
Net Profit Growth % (QoQ)	47.9%	137.3%	-39.8%	-27.4%	46.7%	-37.8%	60.9%	-3.2%	2.2%	3.3%	25%	10.8%	-53.9%	-10.8%	22.5%	51.8%	-35.6%	-2.2%	-	0.7%	-
Net Profit Growth % (YoY)	53.3%	52.2%	-60.1%	6.5%	42.1%	-1.1%	64.4%	27.8%	46.2%	-34%	-43%	-44.2%	-23.5%	6.8%	17%	-4.4%	-36.6%	-	-	-	-
TTM Net Profit	504	432	384	473	467	427	428	370	350	320	368	436	493	513	504	481	487	536	404	269	0
EPS in Rs	2.92	1.98	0.83	1.39	1.91	1.31	2.09	1.3	1.34	1.32	1.27	1.03	0.92	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	2883	2307	1601	1376	1592	1325	940	768	861	940	875	914	3106	2819
Sales Growth %	25%	44.1%	16.4%	-13.6%	20.2%	40.9%	22.4%	-10.8%	-8.4%	7.4%	-4.3%	-0.4%	10.2%	25%
Expenses	2015	1699	1148	994	1061	832	672	581	627	710	676	706	2735	2525
Operating Profit	868	607	453	381	531	492	268	187	235	230	198	208	371	293
OPM %	30	26	28	28	33	37	28	24	27	24	23	23	12	10
Other Income	-56	95	37	34	31	28	31	62	13	15	18	19	2	46
Interest	64	43	17	15	20	16	16	2	7	7	9	21	94	92
Depreciation	205	126	92	89	88	80	71	24	22	19	32	46	76	88
Profit before tax	543	534	380	311	453	425	212	223	219	219	176	160	203	159
Tax %	20	20	16	20	15	14	14	11	12	14	14	-2	5	8
Net Profit	432	427	320	248	388	367	182	199	192	188	151	164	193	146
Net Profit Growth %	1.2%	33.4%	29%	-36.1%	5.7%	101.6%	-8.5%	3.6%	2.1%	24.5%	-7.9%	-15%	32.2%	-
EPS in Rs	6.11	6.04	4.54	3.54	5.55	5.27	2.62	2.88	2.8	2.77	2.25	2.46	2.92	2.23
Dividend Payout %	89	65	76	98	63	57	95	69	54	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	633	504	347	270	416	418	388	222	41	78	77	51	396	199
Cash from Investing Activity	-33	-342	-26	47	-51	-146	78	-106	124	-105	-21	-51	-13	583
Cash from Financing Activity	-585	-183	-296	-319	-356	-307	-433	-117	-166	6	-45	-3	-286	-881
Net Cash Flow	15	-22	24	-1	9	-35	33	-1	-1	-21	10	-3	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	1598	3669	1879	3202	1714	1607	1623	1476	1371	1588	1448	1318	1100	962	1432	1056
Borrowings	953	2369	813	2252	348	158	265	248	215	11	16	186	193	235	1189	1276
Other Liabilities	1043	1587	412	1248	198	157	163	208	85	81	98	83	91	100	409	382
Total Liabilities	4292	8321	3800	7399	2957	2619	2748	2629	2366	2372	2249	2268	2056	1963	3689	3372
Fixed Assets	739	5094	663	4710	406	208	313	291	249	72	56	55	39	58	2730	2514
CWIP	29	9	42	74	14	3	0	0	0	0	0	2	1	0	0	2
Investments	1632	103	1633	35	1265	1288	1336	1287	1199	1316	1219	1345	1268	1246	5	3
Other Assets	1891	3114	1463	2580	1273	1119	1099	1051	918	984	974	866	748	658	953	853
Total Assets	4292	8321	3800	7399	2957	2619	2748	2629	2366	2372	2249	2268	2056	1963	3689	3372

Delivery

Delivery Data: FSL

#	Date	247 22% 300	Value (Cr)	Q/T 59	Del 30	Del 51
1	22-Oct	289	49	38	27	13
2	21-Oct	284	72	43	17	12
3	19-Oct	276	14	35	34	5
4	16-Oct	282	44	47	24	11
5	15-Oct	282	33	49	26	8
6	14-Oct	288	156	76	38	60
7	13-Oct	292	468	76	10	46
8	12-Oct	277	46	49	39	18
9	9-Oct	268	54	45	28	15
10	8-Oct	266	525	81	11	55
11	7-Oct	259	20	27	40	8
12	6-Oct	260	17	40	39	7
13	5-Oct	257	23	43	28	6
14	1-Oct	250	16	32	31	5
15	30-Sep	256	172	62	9	15
16	29-Sep	249	10	29	46	5
17	28-Sep	256	10	28	34	3
18	25-Sep	259	11	26	38	4
19	24-Sep	262	12	33	42	5
20	23-Sep	268	12	41	35	4
21	22-Sep	270	11	41	28	3
22	21-Sep	269	9	35	43	4
23	18-Sep	273	34	51	45	15
24	17-Sep	273	33	44	32	11
25	16-Sep	278	122	81	16	19
26	15-Sep	283	959	95	10	99
27	11-Sep	248	14	22	38	5
28	10-Sep	251	8	29	43	4
29	9-Sep	255	8	34	42	3
30	8-Sep	258	9	34	33	3
31	7-Sep	260	21	36	43	9
32	4-Sep	264	25	48	33	8
33	3-Sep	265	20	55	35	7
34	2-Sep	270	18	43	51	9
35	1-Sep	266	36	55	40	14
36	31-Aug	265	19	54	48	9
37	28-Aug	269	18	50	28	5
38	27-Aug	268	14	31	48	6
39	26-Aug	270	25	69	48	12
40	25-Aug	275	21	59	35	7
41	24-Aug	272	14	43	38	5
42	21-Aug	276	28	66	37	11
43	20-Aug	272	32	57	31	10
44	19-Aug	273	79	83	20	16
45	18-Aug	264	20	57	47	10
46	17-Aug	268	15	40	31	5
47	14-Aug	267	21	32	39	8

Daily Market Cap

Date	Total Market Cap	Change	Chg %
22-Oct	20,178c	383c	1.94
21-Oct	19,795c	558c	2.90
19-Oct	19,237c	411c	2.09
17-Oct	19,648c	0	0
16-Oct	19,648c	42c	0.21
15-Oct	19,690c	1,035c	4.99
14-Oct	20,725c	443c	2.18
13-Oct	20,282c	944c	4.88
12-Oct	19,338c	599c	3.20
09-Oct	18,739c	380c	2.07
08-Oct	18,359c	575c	3.23
05-Oct	17,784c	164c	0.93
01-Oct	17,620c	98c	0.56
29-Sep	17,522c	310c	1.74
28-Sep	17,833c	234c	1.29
25-Sep	18,066c	429c	2.32
24-Sep	18,495c	254c	1.36
22-Sep	18,749c	356c	1.86
17-Sep	19,105c	1,422c	8.04
10-Sep	17,683c	0	0

Stock Checklist

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

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 148 fund scheme(s) across 27 fund house(s) as of Oct26 · Total value ₹6,972 Cr · 38 increasing / 46 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	14	3.05%	-0.02%	3229.2
SBI Mutual Fund	8	2.89%	+0.13%	678.5
Tata Mutual Fund	6	1.84%	+0.12%	511
Aditya Birla Sun Life Mutual Fund	10	1.23%	-0.07%	445.5
Edelweiss Mutual Fund	12	0.54%	+0.01%	369.1
Canara Robeco Mutual Fund	2	1.24%	+0.02%	346.1
Motilal Oswal Mutual Fund	16	1.01%	-0.08%	327
ICICI Prudential Mutual Fund	8	0.65%	-	240.9
Axis Mutual Fund	10	0.25%	-	230.3
Franklin Templeton Mutual Fund	2	0.61%	+0.61%	174.5
WhiteOak Capital Mutual Fund	14	0.26%	-0.15%	126.9
UTI Mutual Fund	2	0.85%	-	89.1
Baroda BNP Paribas Mutual Fund	4	0.95%	+0.04%	58.6
HSBC Mutual Fund	2	1.36%	-0.02%	35.3
Bank of India Mutual Fund	4	0.34%	-0.03%	30.2
Nippon India Mutual Fund	4	0.35%	-0.02%	26.9
Invesco Mutual Fund	2	2.78%	+0.12%	17.6
JM Financial Mutual Fund	2	0.89%	-0.05%	16.8
Kotak Mahindra Mutual Fund	4	1.25%	+0.09%	14.1
Jio BlackRock Mutual Fund	1	0.36%	-0.02%	1.4
Groww Mutual Fund	4	0.13%	-0.02%	1.3
Bandhan Mutual Fund	4	0.28%	-0.06%	0.8
DSP Mutual Fund	4	0.20%	-0.02%	0.1
Navi Mutual Fund	4	0.13%	-0.01%	0.1
Mirae Asset Mutual Fund	2	0.04%	-	0
Angel One Mutual Fund	2	0.03%	-0.01%	0
Zerodha Mutual Fund	1	0.16%	-0.04%	0

Firstsource Solutions Limited

Price Chart

Price Performance

Moving Average

PIVOT LEVEL

Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

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Stock Checklist

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