Firstsource Solutions Ltd Share Price

IT Enabled Services / Business Process Outsourcing

NSE: FSL Small Cap ISIN: INE684F01012

As on 22 January 2025 at 15:58 IST

₹350.85

-10.75

(-2.97%)

Sell Buy

About Firstsource Solutions Ltd

Firstsource Solutions Ltd is a prominent business process management (BPM) industry player. It specialises in BPM services within the financial services sector. The company was established in 2001, making it decades old. Since its establishment, Firstsource Solutions Ltd has grown a lot, expanding its operations into multiple countries and industries. Their headquarters is in Mumbai, Maharashtra. This strategic location puts it in the centre of India’s financial and business hub. The company provides various services, including customer management and debt collection. It caters to banking and financial services, healthcare and technology sectors. Read More...

Over 1 Month

1.84%

Over 6 Months

47.85%

Over 1 Year

89.77%

Over 3 Years

120.69%

Firstsource Solutions Ltd Summary

Close ₹ 350.85

Open ₹ 362.90

High ₹ 364.75

Low ₹ 339.25

Volume 41,67,073

Net Turnover (in ₹) ₹ 1,32,65,01,889.95

52Wk High ₹ 422.30

52Wk Low ₹ 176.25

52Wk High / Low

176.25

422.30

Firstsource Solutions Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 25,566.13

EPS (TTM) 5.23

Book Value (BV) 35.65

Div. Yield 0.95 %

P/E (TTM) 69.18

Price/Book Value 10.15

Delivery % 42.09 %

Face Value 10

Key Ratios

PE Ratio 42.98

PB Ratio 5.70

EV to Sales 8.87

PEG Ratio 1.49

ROA 11.48

ROE 13.56

Debt-Equity 0.11

Net Profit Margin 19.97

Operating Profit Margin 30.57

Firstsource Solutions Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,373.09	6,153.17	5,921.71	5,079.25	4,107.46
Total Expenses	5,743.41	5,537.95	5,274.61	4,532.36	3,713.25
Profit Before Tax	629.67	615.22	647.10	431.83	394.21
Profit After Tax	514.73	513.71	536.53	361.68	339.69
Operating Profit after Depreciation	733.06	694.18	711.04	599.12	452.53

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	3,853.02	3,716.24	3,746.57	2,997.56	2,870.86
Total Non Current Assets	4,545.67	4,256.12	4,287.52	3,598.41	3,482.73
Total Current Assets	1,537.37	1,408.25	1,421.17	1,231.29	1,104.32
TOTAL ASSETS	6,083.04	5,664.37	5,708.69	4,829.69	4,587.05
Total Shareholder's Fund	3,700.40	3,366.84	3,032.94	2,799.29	2,765.38

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	644.79	795.02	703.56	975.57	410.40
Net Cash used in Investing Activities	-57.37	17.08	-594.39	-344.48	9.76
Net Cash used in Financing Activities	-564.19	-743.38	-157.96	-688.69	-276.80

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	1,637.73	1,409.44	1,622.76	1,352.95	970.71
Total Expenses	1,257.83	1,098.39	1,169.40	927.63	758.72
Profit Before Tax	379.90	311.06	453.36	425.33	211.99
Profit After Tax	319.70	248.34	387.59	366.65	182.01
Operating Profit after Depreciation	397.24	326	473.43	440.63	227.67

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	405.60	208.04	312.69	291.36	248.69
Total Non Current Assets	2,083.75	1,838.03	1,941.62	1,925.30	1,860.19
Total Current Assets	880.85	781.17	806.54	703.22	505.44
TOTAL ASSETS	2,964.60	2,619.20	2,748.16	2,628.52	2,365.63
Total Shareholder's Fund	2,410.73	2,304.35	2,319.82	2,172.07	2,065.22

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	347.57	270.19	415.69	418.02	387.65
Net Cash used in Investing Activities	-26.42	47.35	-50.51	-145.89	78.31
Net Cash used in Financing Activities	-297.20	-319	-356.17	-306.77	-432.99

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,925.38	1,791.10	1,670.46	1,596.60	1,539.97
Total Expenses	1,638.11	1,521.23	1,420.13	1,359.47	1,311.18
Profit Before Tax	171.02	167.26	159.28	160.80	154.29
Profit After Tax	138.21	135.25	133.50	128.73	126.51
Operating Profit after Depreciation	284.54	271.71	253.14	252.49	245.73

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	542.03	512.90	465.77	434.92	364.28
Total Expenses	401.84	371.08	332.26	306.61	263.01
Profit Before Tax	112.30	118.04	110.92	109.43	84.76
Profit After Tax	91.86	94.85	93.18	89.55	72.09
Operating Profit after Depreciation	148.55	152.20	142.54	138.39	110.58

Firstsource Solutions Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 350.97

S2 340.33

S3 321.32

Pivot 369.98

R1 380.62

R2 399.63

R3 410.27

Moving Average

20 SMA 381.39

50 SMA 370.15

100 SMA 347.95

200 SMA 288.53

Firstsource Solutions Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Firstsource Solutions Ltd

₹3.5/Share

Announcement Date 16 Feb 2024

Record Date 16 Feb 2024

Div Yield 35%

AGM Date: 03 Aug 2022

AGM:03.08.2022 This is to inform you that the 21st Annual General Meeting (AGM) of the Members of the Company will be held on Wednesday, 3rd August, 2022 at 10.00 AM Indian Standard Time('IST'), through Video Conferencing/ Other Audio Visual Means ('VC/OAVM') facility in compliance with the applicable provisions of the Companies Act, 2013, Rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with General Circular Nos.14/2020, 17/2020, 20/2020, 02/2021 and 02/2022 dated 8th April 2020, 13th April 2020, 5th May 2020, 13th January 2021 and 5th May 2022, respectively, issued by the Ministry of Corporate Affairs ('MCA Circulars') and Circular Nos. SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11 and SEBI/HO/CFD/CMD2/CIR/P/2022/62, dated 12th May 2020, 15th January 2021 and May 13, 2022 respectively issued by the Securities and Exchange Board of India ('SEBI Circular'). Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting a copy of the Company's Annual Report for the financial year 2021-22, which contains, inter-alia, the Notice convening the 21st Annual General Meeting (AGM). The same is also available on the Company's website viz., www.firstsource.com. Request you to kindly take the same on record. (As Per BSE Announcement dated on 08.07.2022) In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and other applicable provisions, if any, kindly note that the following businesses, as set out in the Notice convening the 21st Annual General Meeting ('AGM') of the members of the Company, were transacted at the AGM held on Wednesday, 3rd August 2022 at 10.00 a.m. IST (Indian Standard Time) and concluded at 10.50 a.m. through Video Conferencing (VC)/ Other Audio Video Means (OAVM). The meeting was held in compliance with the General Circulars issued by the Ministry of Corporate Affairs (MCA) and Circulars issued by the Securities and Exchange Board of India (SEBI) and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder. (As Per BSE Announcement dated on 03.08.2022) We are pleased to inform you that 21st Annual General Meeting (AGM) of the Company was held on Wednesday, 3rd August 2022 through video conferencing (VC)/ other audio video means (OAVM). In this connection, we are submitting the declaration of Remote e-voting and electronic voting of the Resolutions put to vote and passed at the AGM alongwith Scrutinizer's Report (Consolidated). The said declaration of Voting Results has been executed, as authoised by the Chairman. You are requested to take the above on record. Firstsource Solutions Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 (As per BSE Announcement Dated on 05/08/2022)

AGM Date: 02 Aug 2023

AGM 02/08/2023 This is to inform you that the 22nd Annual General Meeting (AGM) of the Company will be held on Wednesday, 2nd August 2023 at 10.00 A.M. (IST) through VC/OAVM. Pursuant to Regulation 42 of SEBI LODR, the Register of Members and Share Transfer Books of the Company will remain closed from Thursday, 27th July 2023 to Wednesday, 2nd August 2023 (both days inclusive) for the purpose of AGM. Those shareholders holding shares in demat form or in physical form as on the date of close of business hours on Wednesday, 26th July 2023 will be entitled to avail the facility of remote e-voting as well as voting at the AGM. You are kindly requested to take the above on record. Pursuant to Reg 30, we enclose copies of newspaper advertisement published in Financial Express (English) and Loksatta (Marathi) regarding information on the 22nd Annual General Meeting. (As Per BSE Announcement dated on 10.07.2023) Outcome of the 22nd Annual General Meeting of the Company held today i.e. 02nd August 2023. (As Per BSE Announcement Dated on 02.08.2023) Scrutinizer Report for the 22nd AGM held on 02nd August 2023. (As per BSE Announcement Dated on 03/08/2023)

AGM Date: 30 Jul 2024

23rd Annual General Meeting of the Company Scheduled to be held on 30th July 2024 Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting a copy of the Company''''s Annual Report for the financial year 2023-24, which contains, inter-alia, the Notice convening the 23rd Annual General Meeting (AGM). The same is also available on the Company''''s website viz., www.firstsource.com. Request you to kindly take the same on record (As Per BSE Announcement Dated on: 28/06/2024) Proceedings of the 23rd Annual General Meeting (As per BSE Announcement Dated on 30/07/2024) Scrutinizer''s Report in respect of the 23rd Annual General Meeting held on 30th July 2024. (As per BSE Announcement Dated on 31/07/2024)

Firstsource Solutions Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Firstsource Solutions Ltd	₹361.80	₹25,580.27
Tata Consultancy Services Ltd	₹4,034.35	₹14,59,663.14
Infosys Ltd	₹1,799.80	₹7,47,325.41
HCL Technologies Ltd	₹1,801.70	₹4,88,921.04
Wipro Ltd	₹298.30	₹3,12,315.22
LTIMindtree Ltd	₹5,756.05	₹1,70,543.44

Firstsource Solutions Ltd News

Firstsource Solutions allots 64,168 equity shares under ESOS

15 Jan 2025, 06:48 pm

Firstsource recognized as Leader in Mortgage Business Process Transformation 2024 RadarView'

18 Dec 2024, 05:26 pm

Firstsource Solutions partners with WebID Group

12 Dec 2024, 03:56 pm

Firstsource Solutions allots 11,625 equity shares under ESOS

11 Dec 2024, 06:54 pm

Firstsource Solutions allots Equity shares

Under ESOP

28 Oct 2024, 04:17 pm

Firstsource Solutions Ltd Stock Analysis

Annual revenue for Firstsource Solutions Ltd increased by 16.20% to ₹1,637.73 crore in FY 2024 from ₹1,409.44 crore in FY 2023.
Annual Net Profit for Firstsource Solutions Ltd increased by 28.73% to ₹319.70 crore in FY 2024 from ₹248.34 crore in FY 2023.
Promoter Shareholding in Firstsource Solutions Ltd remains unchanged by 0.00% in the most recent quarter, from 53.66% in September 2024 to 53.66% in December 2024.
Firstsource Solutions Ltd delivered a 1-year return of 89.77% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Firstsource Solutions Ltd share price moved down by 2.97% from its previous close of INR ₹361.60. The latest Firstsource Solutions Ltd share price is INR ₹350.85.
Firstsource Solutions Ltd share price today has been at a low of 339.25 and a high of 364.75. Over the past 52 weeks, the Firstsource Solutions Ltd share price has seen a low of 176.25 and a high of 422.30.

About Firstsource Solutions Ltd

Firstsource Solutions Ltd is a prominent business process management (BPM) industry player. The company provides various services, including customer management and debt collection. It caters to banking and financial services, healthcare, telecommunications, media, and technology sectors.

Firstsource Solutions Ltd specialises in BPM services within the financial services sector. The company was established in 2001, making it decades old. Since its establishment, it has grown a lot, expanding its operations into multiple countries and industries.

The headquarters of Firstsource Solutions Ltd is located in Mumbai, Maharashtra. This strategic location puts it in the centre of India’s financial and business hub. It also helps the company provide adequate service to its diverse clientele.

Firstsource Solutions Ltd’s main promoters are the RP-Sanjiv Goenka Group, a well-known conglomerate in India. They own about 53.66% of the company’s total equity. Sanjiv Goenka is the Executive Chairman, while Ritesh Idnani is the Managing Director and CEO. Other managerial promoters of the company include

Shashwat Goenka
Ritesh Idnani
Subrata Talukdar
Pradip Kumar Khaitan

Firstsource Solutions Ltd offers a variety of products and services. These include customer acquisition and onboarding. They also provide transaction processing, payments, and management of disputes and complaints. Additionally, the company focuses on servicing, fraud, and financial crime management. It even offers healthcare services, including claims operations enrollment and billing.

While Firstsource Solutions Ltd is a significant player in the BPM sector, it is not the number one stock in its sector. However, it does hold a strong position and is recognized for its extensive service offerings and client base. The registered office of Firstsource Solutions Ltd is in Malad, Mumbai, and the registrar's office is in New Mumbai.

Impact of Firstsource Solutions Limited

The company has made a significant impact on the business process management industry. This influence is felt both in India and globally. As a leading provider of BPM services, the company has changed the way businesses manage their operations. It also enhances customer satisfaction across various sectors.

One of the primary impacts of Firstsource Solutions Ltd is its contribution to the financial services sector. The company offers various services, including customer management and debt collection. These services help financial institutions streamline operations and improve customer experiences. Efficient transaction processing is essential for the financial health of these institutions. Firstsource's expertise in these areas has been invaluable.

Firstsource Solutions Ltd has played a pivotal role in improving patient care in the healthcare sector. The company provides services such as claims operations and medical coding. These services help healthcare providers handle their administrative tasks more efficiently. This allows them to focus on delivering quality care to patients.

The telecommunications, media, and technology sectors have benefited from Firstsource’s BPM services. The company helps these industries with customer acquisition and fraud management. Efficient customer management is also essential for maintaining a competitive edge in these industries. Firstsource’s solutions help companies improve their customer service capabilities. This leads to higher customer satisfaction and loyalty.

Firstsource Solutions Ltd has also positively impacted employment and economic growth. The company employs thousands of people worldwide. This provides job opportunities and contributes to local economies. The skills and training offered by Firstsource help employees advance their careers. This also improves their livelihoods. In the communities where the company operates, this creates a ripple effect, fostering economic development and stability.

Innovation is a crucial aspect of Firstsource’s impact on the BPM industry. The company consistently invests in new technologies and processes. This helps improve its service offerings. Adopting advanced analytics and artificial intelligence has enabled Firstsource to deliver more efficient and effective solutions to its clients. These innovations enhance the company’s competitiveness and set new standards for the industry.

The company's commitment to corporate social responsibility (CSR) further underscores its positive impact. The company engages in various CSR initiatives to improve the quality of life for the communities it serves. These initiatives include education and environmental sustainability projects. Investing in these areas demonstrates the company's role as a responsible corporate citizen.

The company’s global presence has also contributed to its impact. With operations in multiple countries, Firstsource Solutions Ltd has leveraged its global expertise to deliver high-quality services to clients worldwide. This international reach has allowed the company to tap into diverse markets and expand its influence in the BPM industry.

The impact of Firstsource Solutions Ltd extends to its role in promoting ethical business practices. The company follows high corporate governance and regulatory compliance standards, fostering trust and transparency in its operations. This commitment to ethical practices is essential for maintaining the company’s reputation. It also helps build long-term relationships with clients and stakeholders.

Firstsource Solutions Ltd has made a profound impact on the BPM industry. The company’s role in providing employment opportunities and fostering economic growth further underscores its significance. As Firstsource Solutions Ltd continues to evolve and innovate, its impact on the BPM industry and the broader economy will likely grow, solidifying its position as a leader in the field.