Firstsource Solutions Limited
Firstsource Solutions Limited operates in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO), part of the Services sector. It booked ₹2,826 cr of revenue in its latest quarter (Q2 FY27) and kept 8.2% of sales as profit. It is the largest of 7 Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) companies we track, by market value.
| Segment | FY21 | FY22 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|
| Banking and Financial Services | 2,071 | 2,902 | 2,486 | 2,712 | 3,113 | 41% → 32% |
| Healthcare | 1,335 | 1,714 | 2,087 | 2,782 | 3,209 | 27% → 33% |
| Communication, Media and Technology | 693 | 1,141 | 1,411 | 1,690 | 2,044 | 14% → 21% |
| Diverse Industries | 116 | 109 | 348 | 788 | 1,251 | 2% → 13% |
| Cummunication, Media and Telecom | 277 | — | — | — | — | — |
| BFS | 539 | — | — | — | — | — |
| Total | 5,033 | 5,866 | 6,333 | 7,972 | 9,616 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“to build a sustainable, future- the BPO business model through the lens of AI and automation, in brand building — among analysts, clients, and terms and contributed 34% to the total revenues.”
Healthier than 61% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 34–117 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 54
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers · lowest in its sector on what we could measure
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in FSL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹2,826 cr |
| Other Income | ₹-2 cr |
| Total Income | ₹2,824 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Employee Benefit Expense | ₹1,579 cr |
| Finance Costs | ₹51 cr |
| Depreciation & Amortisation | ₹118 cr |
| Other Expenses | ₹776 cr |
| Total Expenses | ₹2,524 cr |
| Profit before Tax | ₹299 cr |
| Tax Expense | ₹67 cr |
| Net Profit | ₹232 cr |
| Net margin on total income | 8.2% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 2,583 cr | 2,725 cr | 2,826 cr |
| Total income | 2,582 cr | 2,731 cr | 2,824 cr |
| Expenses | 2,321 cr | 2,440 cr | 2,524 cr |
| Profit before tax | 261 cr | 219 cr | 299 cr |
| Tax | 55 cr | 53 cr | 67 cr |
| Net profit (owners' share) | 205 cr | 166 cr | 233 cr |
| Net margin (owners' share, on revenue) | 7.9% | 6.1% | 8.2% |
| EPS (₹) | 2.97 | 2.40 | 3.37 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Firstsource Solutions Limitedthis company | ₹289 | ₹20,143 cr | 21.4 | 19.1% | 8.2% | — |
| eClerx Services Limited | ₹1,578 | ₹14,479 cr | 20.1 | 24.8% | 15.2% | — |
| RPSG VENTURES LIMITED | ₹826 | ₹7,596 cr | 7.5 | 14.5% | 2.5% | — |
| One Point One Solutions Limited | ₹73 | ₹1,921 cr | 26.1 | 15.6% | 10.5% | — |
| Hinduja Global Solutions Limited | ₹340 | ₹1,582 cr | — | -2.8% | -5.5% | — |
| Alldigi Tech Limited | ₹830 | ₹1,265 cr | 11.9 | 42.0% | 17.3% | — |
| WE WIN LIMITED | ₹47 | ₹113 cr | — | 11.6% | 2.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹5.5 / share | 20 Feb 2026 |
| Dividend | ₹4 / share | 21 Feb 2025 |
| Dividend | ₹3.5 / share | 16 Feb 2024 |
| Dividend | ₹3.5 / share | 17 Feb 2023 |
| Dividend | ₹3.5 / share | 17 Feb 2022 |
| Dividend | ₹3 / share | 17 Feb 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.