Firstsource Solutions Ltd (FSL) — shareholding pattern, promoter holding, financials and share price
About Firstsource Solutions Ltd (FSL)
Firstsource Solutions Ltd operates in the Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) industry, within the Services sector. It trades on the NSE as FSL and on the BSE under scrip code 532809. Its ISIN is INE684F01012.
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]
Firstsource Solutions Limited is a global leader in business process services, providing transformative, AI-powered solutions across various industries such as healthcare, banking, and communications.
The company reported a strong performance for Q3FY26, with a 16.2% YoY revenue growth, driven by expansion in the US and growth in existing verticals, despite industry challenges.
Listed peers in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO): eClerx Services Ltd, RPSG Ventures Ltd, Hinduja Global Solutions Ltd, One Point One Solutions Ltd, Alldigi Tech Ltd, Integrated Personnel Services Ltd.
Valuation & Returns
10 Jul 2026At ₹259.75 a share on 10 Jul 2026, Firstsource Solutions Ltd (FSL) was valued at a price-to-earnings ratio of 26.84x against an industry P/E of 21.24x and a price-to-book of 4.18x on a book value of ₹62.16 per share. Solomo computes return on equity of 17.13% and return on capital employed of 14.98% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 26.84x
- Industry P/E
- 21.24x
- P/B
- 4.18x
- EPS (TTM)
- ₹9.68
- Book value / share
- ₹62.16
- ROE
- 17.13%
- ROCE
- 14.98%
- ROA
- 8.51%
- Debt / equity
- 0.67x
- Dividend yield
- 2.12%
- EBITDA margin
- 15.24%
- 52-week range
- ₹200.6 – ₹381.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Firstsource Solutions Ltd (FSL) reported revenue of ₹9,556 crore, net profit of ₹674 crore and earnings per share of ₹9.54. That compares with revenue of ₹7,980 crore and net profit of ₹594 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹2,583 crore and net profit ₹205 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,921 | 6,022 | 6,336 | 7,980 | 9,556 |
| Net profit (₹ cr) | 537 | 514 | 515 | 594 | 674 |
| EPS (₹) | 7.69 | 7.33 | 7.31 | 8.41 | 9.54 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 11.37% | 19.67% | 13.16% | 25.95% |
| Profit growth | 12.23% | 18.60% | 3.28% | 15.49% |
| Stock price CAGR | 18% | 3% | 24% | -25% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 53.66% of Firstsource Solutions Ltd (FSL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 8.38% and domestic institutional investors (DII) hold 25.41%. Market capitalisation was ₹18,104 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: HDFC SMALL CAP FUND 8.74%, LIFE INSURANCE CORPORATION OF INDIA 4.01%, SBI TECHNOLOGY OPPORTUNITIES FUND 2.03%, ICICI BANK LTD 1.73%, TATA DIGITAL INDIA FUND 1.43%, ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND 1.22%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 53.66% | - | 8.38% | 25.41% | 45.49% |
| Mar 2026 | 53.66% | - | 8.86% | 25.49% | 45.39% |
| Dec 2025 | 53.66% | - | 9.19% | 25.2% | 45.51% |
| Sep 2025 | 53.66% | - | 9.25% | 24.62% | 45.46% |
| Jun 2025 | 53.66% | - | 9.58% | 23.94% | 45.45% |
| Mar 2025 | 53.66% | - | 10.08% | 22.9% | 45.23% |
| Dec 2024 | 53.66% | - | 11.01% | 20.88% | 45.25% |
| Sep 2024 | 53.66% | - | 11.63% | 18.6% | 45.22% |