Firstsource Solutions Ltd

Firstsour.Solu. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Firstsource Solutions Ltd

₹ 368 0.93%
21 Feb - close price
firstsource.com BSE: 532809 NSE: FSL
About

Firstsource Solutions Limited is a leading player in the Business Process Management (BPM) industry. Part of the RP-Sanjiv Goenka Group, Firstsource provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media and Technology, and other diverse industries. The company has the philosophy of 'Digital First, Digital Now' [1]

Key Points

Parentage
The company is a part of the RP-Sanjiv Goenka group with a turnover of US$4.4 Bn and an asset base of US$7.3+ Bn as of FY24. It operates across sectors, including power and natural resources, infrastructure, carbon black, retail, education, and media & entertainment, with a presence in 50+ countries and 100+ offices globally. [1] [2]

Website BSE NSE
  • Market Cap ₹ 26,022 Cr.
  • Current Price ₹ 368
  • High / Low ₹ 423 / 176
  • Stock P/E 68.0
  • Book Value ₹ 35.5
  • Dividend Yield 1.09 %
  • ROCE 15.0 %
  • ROE 13.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 79.2%

Cons

  • Stock is trading at 10.4 times its book value
  • Company has a low return on equity of 13.7% over last 3 years.
  • Company has high debtors of 166 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

Part of BSE 250 SmallCap Index BSE Allcap BSE Services Nifty 500 BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
403 379 359 351 327 338 336 364 435 466 513 542 624
269 269 257 252 239 246 247 263 307 332 371 402 466
Operating Profit 134 110 102 99 88 92 90 101 128 134 142 140 158
OPM % 33% 29% 28% 28% 27% 27% 27% 28% 30% 29% 28% 26% 25%
7 8 7 6 9 12 8 9 10 9 10 8 66
Interest 5 4 4 4 4 3 3 4 5 5 8 10 11
Depreciation 23 22 23 22 22 21 20 22 24 26 26 26 34
Profit before tax 114 92 81 78 72 80 75 85 109 111 118 112 178
Tax % 16% 12% 14% 20% 21% 26% 13% 15% 18% 16% 20% 18% 17%
95 81 69 63 57 59 65 72 90 93 95 92 148
EPS in Rs 1.37 1.15 0.99 0.90 0.81 0.85 0.92 1.03 1.27 1.32 1.34 1.30 2.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
881 917 914 875 940 861 768 940 1,325 1,592 1,376 1,601 2,145
745 727 706 676 710 627 581 672 832 1,061 994 1,148 1,572
Operating Profit 136 190 208 198 230 235 187 268 492 531 381 453 573
OPM % 15% 21% 23% 23% 24% 27% 24% 28% 37% 33% 28% 28% 27%
93 15 19 18 15 13 62 31 28 31 34 37 94
Interest 53 18 21 9 7 7 2 16 16 20 15 17 35
Depreciation 58 53 46 32 19 22 24 71 80 88 89 92 112
Profit before tax 117 134 160 176 219 219 223 212 425 453 311 380 519
Tax % 0% 0% -2% 14% 14% 12% 11% 14% 14% 15% 20% 16%
117 134 164 151 188 192 199 182 367 388 248 320 428
EPS in Rs 1.78 2.04 2.46 2.25 2.77 2.80 2.88 2.62 5.27 5.55 3.54 4.54 6.05
Dividend Payout % 0% 0% 0% 0% 0% 54% 69% 95% 57% 63% 98% 76%
Compounded Sales Growth
10 Years: 6%
5 Years: 16%
3 Years: 7%
TTM: 46%
Compounded Profit Growth
10 Years: 9%
5 Years: 10%
3 Years: -5%
TTM: 34%
Stock Price CAGR
10 Years: 28%
5 Years: 51%
3 Years: 42%
1 Year: 83%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 14%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 658 660 666 673 681 687 691 694 696 697 697 697 697
Reserves 575 721 962 1,100 1,318 1,448 1,588 1,371 1,476 1,623 1,607 1,714 1,814
120 194 235 193 186 16 11 215 248 265 158 355 621
268 195 100 91 83 98 81 85 208 163 157 198 423
Total Liabilities 1,620 1,769 1,963 2,056 2,268 2,249 2,372 2,366 2,629 2,748 2,619 2,965 3,555
96 86 58 39 55 56 72 249 291 313 208 406 448
CWIP 2 0 0 1 2 0 0 0 0 0 3 14 64
Investments 1,169 1,173 1,246 1,268 1,345 1,219 1,316 1,199 1,287 1,336 1,288 1,265 1,589
354 510 658 748 866 974 984 918 1,051 1,099 1,119 1,280 1,455
Total Assets 1,620 1,769 1,963 2,056 2,268 2,249 2,372 2,366 2,629 2,748 2,619 2,965 3,555

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
330 -17 51 77 78 41 222 388 418 416 270 348
600 0 -51 -21 -105 124 -106 78 -146 -51 47 -26
-970 20 -3 -45 6 -166 -117 -433 -307 -356 -319 -297
Net Cash Flow -41 3 -3 10 -21 -1 -1 33 -35 9 -1 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 34 74 93 133 144 239 206 145 147 123 169 166
Inventory Days
Days Payable
Cash Conversion Cycle 34 74 93 133 144 239 206 145 147 123 169 166
Working Capital Days -54 24 110 130 164 233 238 147 113 118 150 141
ROCE % 10% 10% 10% 9% 11% 10% 10% 10% 19% 19% 13% 15%

Shareholding Pattern

Numbers in percentages

16 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66%
7.79% 7.95% 8.41% 8.41% 8.95% 9.99% 10.21% 9.89% 9.59% 9.36% 11.63% 11.01%
14.75% 14.57% 13.26% 14.18% 15.06% 15.17% 16.22% 18.16% 19.27% 19.52% 18.60% 20.89%
21.36% 21.50% 22.25% 21.38% 20.09% 19.12% 17.91% 16.86% 16.15% 16.15% 15.00% 13.36%
2.44% 2.32% 2.42% 2.37% 2.24% 2.06% 2.00% 1.44% 1.35% 1.32% 1.12% 1.09%
No. of Shareholders 3,20,4993,28,0013,41,6633,28,7873,09,8912,95,2832,87,1852,75,2332,66,8742,58,7892,82,8592,80,639

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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