Is Firstsource Solutions a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Firstsource Solutions Ltd is a average quality company .

Is Firstsource Solutions undervalued or overvalued?

The key valuation ratios of Firstsource Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Firstsource Solutions share price return in the past 10 years?

Firstsource Solutions Ltd share price has appreciated 21.3% annually (CAGR) over the past ten years.

Is Firstsource Solutions a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Firstsource Solutions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Firstsource Solutions?

The latest standalone P/E ratio of Firstsource Solutions as of 26-Jul-2024 is 56.53.

What is the P/B ratio of Firstsource Solutions?

The latest standalone P/B ratio of Firstsource Solutions as of 26-Jul-2024 is 7.62.

Firstsource Solutions Ltd - Stock Valuation and Financial Performance

Name: Firstsource Solutions
Brand: Firstsource Solutions

BSE: 532809 | NSE: FSL | BPO/ITeS | Small Cap

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Firstsource Solution Share Price

₹256.50 9.20 3.72%
as on 26-Jul'24 16:01

10 Year X-Ray of Firstsource Solution:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.2%	8%	9.2%	8.9%	7.9%	8.6%	17.6%	17.8%	11.1%	13.9%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.4	-0.4	-0.4	-0.4	0.3	0.3	-0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	914	875	940	861	768	940	1,325	1,592	1,376	1,601	1,601
Sales YoY Gr.	-	-4.3%	7.5%	-8.4%	-10.8%	22.4%	40.9%	20.2%	-13.6%	16.4%	-
Adj EPS ⓘ	2.4	2.2	2.7	2.8	2.5	2.6	5.2	5.6	3.5	4.5	4.5
YoY Gr.	-	-9.6%	25.4%	1.1%	-8.4%	1.2%	105.5%	5.9%	-36.2%	28.3%	-
BVPS (₹) ⓘ	24.4	26.2	29.2	30.9	32.8	29.6	30.8	32.6	32.1	33.9	33.7
Adj Net Profit ⓘ	160	146	186	189	174	177	365	387	247	316	320
Cash Flow from Ops. ⓘ	50.6	76.9	78.3	41.1	222	388	418	416	270	348	-
Debt/CF from Ops. ⓘ	4.6	2.5	2.4	0.4	0.1	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.4%	15.8%	6.5%	16.4%
Adj EPS ⓘ	7.3%	12.5%	-4.7%	28.3%
BVPSⓘ	3.7%	0.7%	3.3%	5.5%
Share Price	21.3%	38.3%	6.1%	86.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.7	8.6	9.8	9.2	7.9	8.2	17.2	17.2	10.7	13.4	13.4
Op. Profit Mgn % ⓘ	22.8	22.7	24.4	27.2	24.2	28.5	37	33.4	27.5	28.3	28.3
Net Profit Mgn % ⓘ	17.5	16.7	19.7	22	22.6	18.8	27.5	24.3	18	19.8	20
Debt to Equity ⓘ	0.1	0.1	0.1	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	204	233	238	304	353	265	192	179	214	201	100
Cash Conv. Cycle ⓘ	67	100	117	178	217	140	110	108	137	132	75

Recent Performance Summary

Sales growth is good in last 4 quarters at 19.10%

Return on Equity has declined versus last 3 years average to 13.40%

Sales growth has been subdued in last 3 years 6.52%

Net Profit has been subdued in last 3 years -4.67%

Latest Financials - Firstsource Solutions Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.5	7.3
TTM Sales (₹ Cr.)	1,601	6,336
BVPS (₹.) ⓘ	33.7	52
Reserves (₹ Cr.) ⓘ	1,667	2,956
P/BV ⓘ	7.62	4.94
PE ⓘ	56.53	35.11

From the Market
52 Week Low / High (₹)	136.75 / 262.70
All Time Low / High (₹)	5.67 / 258.95
Market Cap (₹ Cr.)	18,072
Equity (₹ Cr.)	704.6
Face Value (₹)	10
Industry PE ⓘ	71.5

Management X-Ray of Firstsource Solution:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Firstsource Solution

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Firstsource Solution

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	914	875	940	861	768	940	1,325	1,592	1,376	1,601
Operating Expenses ⓘ	710	676	713	627	582	672	835	1,063	1,000	1,150
Manufacturing Costs	137	130	128	105	92	100	104	127	143	165
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	438	424	458	415	383	481	631	800	712	820
Other Costs ⓘ	136	123	127	107	107	92	100	136	145	164
Operating Profit ⓘ	204	198	228	234	186	268	490	529	376	451
Operating Profit Margin (%)	22.3%	22.7%	24.2%	27.2%	24.2%	28.5%	37.0%	33.2%	27.3%	28.2%
Other Income ⓘ	23	18	17	13	63	31	31	33	39	38
Interest ⓘ	21	9	7	7	2	16	15	20	15	17
Depreciation ⓘ	46	32	19	22	24	71	80	88	89	92
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	160	176	219	219	223	212	425	453	311	380
Tax ⓘ	-4	24	30	27	24	30	59	66	63	60
Profit After Tax	164	151	188	192	199	182	367	388	248	320
PAT Margin (%)	17.9%	17.3%	20.0%	22.3%	25.9%	19.4%	27.7%	24.3%	18.1%	20.0%
Adjusted EPS (₹)	2.5	2.3	2.8	2.8	2.9	2.6	5.3	5.6	3.6	4.6
Dividend Payout Ratio (%)	0%	0%	0%	54%	69%	95%	57%	63%	98%	76%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,628	1,765	1,987	2,123	2,267	2,053	2,144	2,268	2,239	2,364
Share Capital ⓘ	666	673	681	687	691	694	696	697	697	697
Reserves ⓘ	962	1,091	1,306	1,436	1,576	1,359	1,448	1,571	1,542	1,667
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	223	174	130	8	3	3	9	4	4	4
Long Term Debt	122	116	68	8	3	3	9	4	4	4
Short Term Debt	101	58	62	0	0	0	0	0	0	0
Trade Payables	25	24	34	28	29	31	39	47	53	90
Others Liabilities ⓘ	41	-85	-42	-126	-157	31	169	150	43	222
Total Liabilities ⓘ	1,917	1,878	2,108	2,032	2,142	2,118	2,361	2,469	2,339	2,680
Fixed Assets
Gross Block	534	431	452	326	308	513	578	636	552	822
Accumulated Depreciation	476	392	396	270	237	265	286	323	344	417
Net Fixed Assetsⓘ	58	39	55	56	72	249	291	313	208	406
CWIP ⓘ	0	1	2	0	0	0	0	0	3	14
Investmentsⓘ	1,246	1,268	1,345	1,219	1,316	1,199	1,287	1,336	1,288	1,265
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	234	320	372	565	433	374	535	537	637	729
Cash Equivalents	26	36	16	14	13	46	16	26	21	52
Others Assetsⓘ	353	214	319	179	309	251	232	257	180	215
Total Assets ⓘ	1,917	1,878	2,108	2,032	2,142	2,118	2,361	2,469	2,339	2,680

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	51	77	78	41	222	388	418	416	270	348
PBT ⓘ	160	176	219	219	223	212	425	453	311	380
Adjustment ⓘ	117	13	3	-7	26	65	110	116	86	104
Changes in Working Capital ⓘ	-194	-70	-107	-112	17	143	-54	-54	-68	-71
Tax Paid ⓘ	-32	-42	-37	-59	-45	-33	-64	-99	-59	-65
Cash Flow From Investing Activity ⓘ	-51	-21	-104	124	-106	77	-146	-50	47	-26
Capex	10	-15	-31	-20	-42	-33	-66	-35	-21	-53
Net Investments	-64	-6	-74	143	-64	125	-77	-33	64	32
Others ⓘ	3	1	0	0	0	-15	-4	18	4	-6
Cash Flow From Financing Activityⓘ	-3	-45	6	-166	-117	-433	-307	-356	-319	-297
Net Proceeds from Shares ⓘ	11	12	16	10	14	-1	8	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	-16	-108	-5	-5	10	-5	-3	-1
Interest Paid ⓘ	-15	-9	-7	-7	-2	-16	-15	-20	-15	-17
Dividend Paid ⓘ	0	0	0	0	-125	-376	-204	-238	-238	-241
Others ⓘ	1	-48	12	-62	0	-35	-106	-93	-62	-39
Net Cash Flow ⓘ	-3	10	-20	-1	-2	32	-35	9	-2	24

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.91	8.92	10.05	9.34	9.07	8.43	17.47	17.57	11.02	13.89
ROCE (%)	10.52	9.67	10.87	10.41	10.13	10.45	20.7	20.95	14.04	16.79
Asset Turnover Ratio	0.5	0.46	0.47	0.42	0.37	0.44	0.59	0.66	0.57	0.64
PAT to CFO Conversion(x)	0.31	0.51	0.41	0.21	1.12	2.13	1.14	1.07	1.09	1.09
Working Capital Days
Receivable Days	84	115	134	198	237	157	125	123	156	156
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Firstsource Solutions Ltd Stock News

Firstsource Solutions Ltd FAQs

What is the share price of Firstsource Solution?

Company share prices are keep on changing according to the market conditions. The closing price of Firstsource Solution on 26-Jul-2024 16:01 is ₹256.5.

What is the market cap of Firstsource Solution?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Jul-2024 16:01 the market cap of Firstsource Solution stood at ₹18,072.2.

What is the P/E ratio of Firstsource Solution?

The latest P/E ratio of Firstsource Solution as of 26-Jul-2024 16:01 is 56.53.

What is the P/B ratio of Firstsource Solution?

The latest P/B ratio of Firstsource Solution as of 26-Jul-2024 16:01 is 7.62.

What is the 52-week high and low of Firstsource Solution?

The 52-week high of Firstsource Solution is ₹262.7 and the 52-week low is ₹136.8.

What is the TTM revenue of Firstsource Solution?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Firstsource Solution is ₹1,601 ( Cr.) .

About Firstsource Solutions Ltd

Firstsource Solutions Limited, incorporated in 2001, is a leading player in the Business Process Management (BPM) industry. Part of the RP-Sanjiv Goenka Group, the company provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media and Technology and other diverse industries.

The Company is a public limited company incorporated and domiciled in India having registered office at Mumbai, Maharashtra, India. The Company is listed on the Bombay Stock Exchange and National Stock Exchange in India.

Business area of the company

The company is engaged in the business of providing customer management services like contact center, transaction processing and debt collection services including revenue cycle management in the healthcare industry.

Business verticals

Retail and SME banking (customer experience, transaction processing)
Complaints and remediation (complaints handling, fraud management)
Commercial finance (invoice factoring, risk management)
Mortgages (loan processing, servicing, title and valuations)
Collections and Recoveries (credit card, auto and student loan collections)
FinTech

Awards and Accolades

2016-17

Welsh Contact Centre Awards, 2017: Won Award in three categories including ‘Diverse Workplace’, ‘Trainer of the Year’ and ‘Special Industry Champion’
Global HR Excellence Awards, 2017: Won in ‘Innovation in Retention Strategy’ category. Firstsource was recognised for its’ employee retention practices and policies
European Contact Centre & Customer Service Awards, 2016: Honoured with the Bronze Award in the ‘Customer Service Team of the Year’ in partnership with its client giffgaff
U.K. Customer Experience Awards, 2016: Won in the ‘Technology & Telecoms’ category in partnership with its client NOW TV and received the silver award in the ‘Engaging Customers Online’ category in partnership with its client giffgaff
Asia’s Best Employer Brand Awards, 2016: Won the ‘Best Employer Brand’ Award for its excellence in building the Employer Brand as an Employer of Choice
100 Best Companies for Women in India: Recognised in the 100 Best Companies for ‘Women in India’ by the 2016 Working Mother & AVTAR Best Companies
Business in the Community Awards: Honoured as ‘Employer of Choice’ at the Business in The Community Northern Ireland Awards in Belfast
Best Adversity Management Stories of Asia, 2016: Secured the 1st Runner-up position at the ‘Best Adversity Management Stories of Asia’ 2016 Awards for its response to the Chennai floods in Nov-Dec 2015

2018-19

European Contact Centre and Customer Service Awards (ECCCSA) 2018: Awarded Bronze for ‘Best Outsourcing Partnership’ for collaboration with Lloyds Banking Group
UK Complaints Handling (UKCH) Awards 2019: Won the ‘Customer Insight Strategy’ Award and was adjudged the ‘Overall Winner’ at the UK Complaints Handling (UKCH) Awards 2019, with NOWTV
North East Contact Centre Awards (NECCA): Awarded the ‘Best Outsourcing Partnership 2018’ with TSB, reinstating its strong partnership ethos
Wales HR Award: Recognised for the ‘Best HR Team’ with outstanding individuals and teams, learning, and people management practices across Wales in the last 12 months
Welsh Contact Centre Awards 2019: Won two awards: Gold for ‘People Engagement’ and Silver for the ‘Best Support Manager of the Year’
Nasscom BPM Summit 2018: Awarded the coveted ‘Customer Service Excellence Award’ in the Process Efficiency category

2019-20

‘Best Complaint Handling’ and ‘Best Complaint Handling Team of the Year – Financial Services’ at the UK Complaints Handling (UKCH) Awards 2020
‘Technology-Enabled Project of the Year’ and ‘Customer Experience Provider of the Year’ at the Global Sourcing Association (GSA) UK Awards 2019
Winner of ‘Best Use of Technology in HR’ at Employee Engagement Summit, Mumbai, India
Gold Award for ‘Best Use of Customer Insight’ at the UK Customer Experience Award (CXA ’19)
‘Outsourced Contact Centre of the Year’ recognition at the Contact Centre Network Northern Ireland (CCNNI) Awards 2019
Winner in ‘Creating an Impact: Business Skills’ category at the India Innovation Awards at Perspectives 2019
‘Best Outsourcing Partnership’ at the North East Contact Centre Awards 2019