Firstsource Key Ratios
NSE: FSL | BSE: 532809
₹292.50
As on 03-Nov-2026 10:24IST
Market cap
₹20,927 Cr
Revenue (TTM)
₹10,577 Cr
P/E Ratio
28.9
P/B Ratio
4.3
Div. Yield
1.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 3.70 | 22.20 | 20.28 | 19.93 | 13.00 |
| EBIT | 4.59 | 32.15 | 30.53 | 24.98 | 13.12 |
| Net Profit | 5.76 | 30.81 | 29.75 | 15.86 | 10.12 |
| EPS | 40.32 | 29.69 | 8.13 | 9.50 | 10.60 |
| Book Value | -- | -- | 6.51 | 8.82 | 8.93 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 21.93 | 10.95 | 12.24 | 11.70 | 10.89 |
| Net Margin
| 17.47 | 7.99 | 6.84 | 7.05 | 7.44 |
| Return on equity
| 16.73 | 16.34 | 18.53 | 16.35 | 15.54 |
| Return on Capital
| 20.40 | 17.52 | -- | 17.26 | 17.53 |
| Return on Assets
| 12.72 | 9.30 | 8.01 | 8.14 | 8.85 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.46 | 0.38 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
17.26
|
17.53
|
16.85
|
16.86
|
|
Peer Median
|
--
|
17.26
|
23.77
|
28.93
|
--
|
ROE
18.53
Higher than Peers by 4.25
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
18.53
|
16.35
|
15.54
|
14.80
|
16.35
|
|
Peer Median
|
14.28
|
16.35
|
19.06
|
19.76
|
--
|
ROA
8.01
Lower than Peers by 0.49
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
8.01
|
8.14
|
8.85
|
9.23
|
9.52
|
|
Peer Median
|
8.51
|
8.14
|
10.22
|
10.65
|
--
|
EBIT Margin
12.24
Lower than Peers by 2.18
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
12.24
|
11.70
|
10.89
|
10.90
|
9.30
|
|
Peer Median
|
14.42
|
15.10
|
12.45
|
18.61
|
--
|
Net Margin
6.84
Lower than Peers by 6.28
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
6.84
|
7.05
|
7.44
|
8.07
|
8.34
|
|
Peer Median
|
13.12
|
9.17
|
10.14
|
6.14
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
11.60
|
11.55
|
12.23
|
12.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
20.28
Higher than Peers by 0.81
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
20.28
|
19.75
|
25.95
|
5.21
|
1.71
|
|
Peer Median
|
19.47
|
20.28
|
23.40
|
20.63
|
--
|
EBIT Growth
30.53
Higher than Peers by 6.06
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
30.53
|
28.67
|
25.87
|
23.35
|
-20.86
|
|
Peer Median
|
24.48
|
30.53
|
12.50
|
114.95
|
--
|
Net Profit Growth
29.75
Higher than Peers by 9.27
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
29.75
|
13.45
|
15.49
|
0.20
|
-4.25
|
|
Peer Median
|
20.48
|
28.83
|
22.82
|
238.62
|
--
|
EPS Growth
8.13
Lower than Peers by 13.05
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
8.13
|
13.45
|
15.49
|
0.20
|
-4.40
|
|
Peer Median
|
21.18
|
29.75
|
17.73
|
78.85
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
6.51
|
9.35
|
10.65
|
10.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
0.46
|
0.38
|
0.22
|
0.25
|
|
Peer Median
|
0.00
|
0.46
|
0.22
|
0.72
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
0.36
|
0.29
|
0.18
|
0.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.89
Lower than Peers by 1.00
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
0.89
|
0.80
|
0.92
|
0.95
|
0.90
|
|
Peer Median
|
1.89
|
1.47
|
1.42
|
1.24
|
--
|
Quick Ratio
0.89
Lower than Peers by 1.00
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
0.89
|
0.81
|
0.93
|
0.96
|
0.93
|
|
Peer Median
|
1.89
|
2.57
|
1.80
|
2.40
|
--
|
Interest Coverage
5.70
Lower than Peers by 1.87
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
5.70
|
5.68
|
6.01
|
7.09
|
8.79
|
|
Peer Median
|
7.57
|
4.82
|
7.11
|
4.08
|
--
|
Operating Efficiency
Debtors to sales
22.19
Higher than Peers by 2.04
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
22.19
|
21.75
|
21.13
|
18.32
|
17.24
|
|
Peer Median
|
20.15
|
22.19
|
19.97
|
28.80
|
--
|
Asset Turnover
1.17
Higher than Peers by 0.42
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
1.17
|
1.15
|
1.19
|
1.14
|
1.12
|
|
Peer Median
|
0.75
|
1.34
|
0.91
|
1.11
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
71.89
|
65.10
|
63.35
|
60.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
28.89
Lower than Peers by 11.87
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
28.89
|
21.11
|
39.95
|
26.72
|
14.31
|
|
Peer Median
|
40.76
|
28.89
|
42.36
|
53.18
|
--
|
Price / Book Value
4.28
Higher than Peers by 0.31
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
4.28
|
3.35
|
5.95
|
3.76
|
2.23
|
|
Peer Median
|
3.97
|
3.75
|
4.37
|
6.35
|
--
|
Dividend Yield
1.87
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
1.87
|
2.69
|
1.17
|
1.77
|
3.32
|
|
Peer Median
|
--
|
--
|
0.53
|
--
|
--
|
EV/EBITDA
12.78
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
12.78
|
10.17
|
20.81
|
14.47
|
8.38
|
|
Peer Median
|
--
|
11.14
|
27.44
|
47.03
|
--
|
Market Cap
20,927
Higher than Peers by 19,087
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Firstsource
|
20,927
|
14,236
|
23,750
|
13,752
|
7,350
|
|
Peer Median
|
1,840
|
1,840
|
2,212
|
1,690
|
--
|