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 46.4
  • Book Value ₹ 55.1
  • Dividend Yield 1.09 %
  • ROCE 15.4 %
  • ROE 14.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 46.8%

Cons

  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,464 1,544 1,472 1,488 1,505 1,557 1,529 1,540 1,597 1,670 1,791 1,925 2,102
1,226 1,299 1,291 1,296 1,295 1,313 1,289 1,311 1,359 1,420 1,521 1,638 1,785
Operating Profit 238 245 181 192 210 244 240 229 237 250 270 287 318
OPM % 16% 16% 12% 13% 14% 16% 16% 15% 15% 15% 15% 15% 15%
0 -0 6 49 62 13 2 17 15 3 2 -3 7
Interest 15 19 19 20 20 21 25 26 25 27 32 34 39
Depreciation 62 70 64 66 69 64 61 65 66 67 73 79 84
Profit before tax 161 156 105 155 184 172 155 154 161 159 167 171 201
Tax % 16% 15% 19% 16% 14% 18% 19% 18% 20% 16% 19% 19% 20%
135 132 85 129 158 141 126 127 129 134 135 138 160
EPS in Rs 1.94 1.90 1.22 1.85 2.26 2.02 1.79 1.80 1.83 1.90 1.92 1.96 2.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,819 3,106 3,035 3,217 3,556 3,535 3,826 4,099 5,078 5,921 6,022 6,336 7,489
2,525 2,735 2,645 2,819 3,109 3,064 3,274 3,445 4,239 4,939 5,165 5,342 6,364
Operating Profit 293 371 390 398 447 471 552 654 839 982 858 995 1,125
OPM % 10% 12% 13% 12% 13% 13% 14% 16% 17% 17% 14% 16% 15%
46 2 7 9 3 5 4 9 -114 1 131 37 9
Interest 92 94 80 61 54 53 46 83 87 86 110 142 132
Depreciation 88 76 72 61 59 66 74 185 206 249 263 260 304
Profit before tax 159 203 244 286 337 358 436 394 432 647 615 630 698
Tax % 8% 5% 4% 9% 17% 9% 13% 14% 16% 17% 16% 18%
146 193 234 261 279 327 378 340 362 537 514 515 567
EPS in Rs 2.23 2.92 3.52 3.87 4.11 4.76 5.47 4.90 5.20 7.69 7.33 7.31 8.05
Dividend Payout % 0% 0% 0% 0% 0% 32% 37% 51% 58% 45% 47% 47%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 8%
TTM: 20%
Compounded Profit Growth
10 Years: 11%
5 Years: 7%
3 Years: 4%
TTM: 7%
Stock Price CAGR
10 Years: 28%
5 Years: 51%
3 Years: 42%
1 Year: 83%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 16%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,056 1,432 1,422 1,104 1,347 1,665 2,030 2,072 2,103 2,336 2,670 3,003 3,202
1,276 1,189 1,031 891 965 667 557 1,356 1,194 1,784 1,393 1,533 2,252
382 409 306 286 316 352 352 393 789 796 785 702 1,248
Total Liabilities 3,372 3,689 3,427 2,954 3,309 3,371 3,630 4,514 4,783 5,613 5,545 5,936 7,399
2,514 2,730 2,444 2,022 2,068 2,080 2,223 2,871 2,998 3,744 3,716 3,853 4,710
CWIP 2 0 8 2 4 2 2 0 0 3 3 17 74
Investments 3 5 73 85 163 34 134 12 94 130 71 42 35
853 953 901 845 1,074 1,255 1,271 1,630 1,691 1,736 1,754 2,024 2,580
Total Assets 3,372 3,689 3,427 2,954 3,309 3,371 3,630 4,514 4,783 5,613 5,545 5,936 7,399

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
199 396 246 297 200 315 400 410 976 704 795 645
583 -13 -104 -101 -233 96 -203 10 -344 -594 17 -57
-881 -286 -246 -207 4 -327 -273 -277 -689 -158 -743 -564
Net Cash Flow -98 96 -105 -11 -30 84 -76 143 -58 -49 69 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 50 35 35 34 31 39 37 50 61 59 63 67
Inventory Days
Days Payable
Cash Conversion Cycle 50 35 35 34 31 39 37 50 61 59 63 67
Working Capital Days 0 -6 5 -10 -7 1 31 47 17 35 27 37
ROCE % 7% 9% 10% 12% 14% 13% 15% 13% 16% 17% 15% 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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DRHP

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