Is Firstsource Solutions (FSL) overvalued or fairly valued?

MarketChacha shows Firstsource Solutions's valuation in context — a forward P/E of about 16.8, a price-to-book of about 4.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Firstsource Solutions's revenue?

Firstsource Solutions reported revenue of ₹9,556 Cr for FY2026, with net profit of ₹674 Cr, per official filings.

What is the share price of Firstsource Solutions (FSL)?

Firstsource Solutions last traded at ₹264.06 (-1.0% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Firstsource Solutions

FSL · NSE · IT Services · India

₹264.06-1.0%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 10:00 AM

Snapshot

TickerFSL

ExchangeNSE

SectorIT Services

IndustryInformation Technology Services

CountryIndia

Employees33,592

HeadquartersMumbai, India

Market cap₹18,234 Cr

P/B4.2

Volume5.12L

Websitewww.firstsource.com

Filings tracked0

About Firstsource Solutions

Firstsource Solutions Limited provides technology-enabled business process services in Asia, the United Kingdom, the United States, and internationally. The company operates through four segments: Healthcare; Banking and Financial Services; Communications, Media and Technology; and Diverse Industries. It offers core banking, card and digital payments, consumer lending, mortgage, commercial lending, and fraud management; member enrollment, member engagement, digital mailroom, network operations, claims optimization, population health, and data intelligence solutions, as well as business process as a service solution; and patient access, revenue integrity, revenue recovery, and revenue command center solutions. The company also provides customer acquisition, subscriber operations, complaints and dispute management, revenue operations, and collections solutions; customer lifecycle management, community management, and billing operations; and managed engineering, customer support and success, revenue operations, and AI data solutions. In addition, it offers acquire and enroll, fund and pay, learn and engage, support and serve, collect and recover, and credential and place; customer engagement, merchant operations, fulfillment support, customer service and loyalty, and trust and safety; and customer acquisition, meter to cash, emergency services, and revenue operations and collections solutions. The company serves banking and financial services, healthcare, communications, media, technology, retail and digital marketplaces, education technology, and energy and utilities industries. The company was formerly known as ICICI OneSource Limited and changed its name to Firstsource Solutions Limited in November 2006. The company was founded in 2000 and is based in Mumbai, India. Firstsource Solutions Limited operates as a subsidiary of RPSG Ventures Limited.

Profile as reported by Yahoo Finance.

Who owns it

Promoters55.2%
Institutions30.7%
Public & other14.1%

71 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend8.6% → 7.1%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 17% · PAT 9%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹12,431 Cr · EPS 15.70

Est. earnings growth +15.8%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹202.0052-wk range₹381.40

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Market cap

₹18,234 Cr

Day change

-1.0%

Fwd P/E

16.8

P/B

4.2

Div yield

2.07%

Beta

0.23

Revenue (FY2026)

₹9,556 Cr

Net margin

7.1%

Revenue CAGR (3y)

+16.9%

Profit CAGR (3y)

+9.5%

Net profit (FY2026)

₹674 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹9,556 Cr	₹674 Cr	7.1%
FY2025	₹7,980 Cr	₹594 Cr	7.4%
FY2024	₹6,333 Cr	₹515 Cr	8.1%
FY2023	₹5,986 Cr	₹514 Cr	8.6%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q1	₹2,583 Cr	₹205 Cr	7.9%
2025Q4	₹2,467 Cr	₹120 Cr	4.9%
2025Q3	₹2,312 Cr	₹180 Cr	7.8%
2025Q2	₹2,218 Cr	₹169 Cr	7.6%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.