View ValuationFirstsource Solutions 将来の成長Future 基準チェック /56Firstsource Solutions利益と収益がそれぞれ年間21.4%と12.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に21.3% 21.3%なると予測されています。主要情報21.4%収益成長率21.29%EPS成長率Professional Services 収益成長15.8%収益成長率12.7%将来の株主資本利益率21.25%アナリストカバレッジGood最終更新日10 Apr 2026今後の成長に関する最新情報Price Target Changed • Apr 08Price target decreased by 8.7% to ₹302Down from ₹330, the current price target is an average from 13 analysts. New target price is 36% above last closing price of ₹222. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹10.20 for next year compared to ₹8.63 last year.Price Target Changed • Mar 13Price target decreased by 7.2% to ₹343Down from ₹370, the current price target is an average from 13 analysts. New target price is 52% above last closing price of ₹226. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹10.34 for next year compared to ₹8.63 last year.お知らせ • Feb 08Firstsource Solutions Limited Raises Earnings Guidance for the Financial Year Ending 31 March 2025Firstsource Solutions Limited raises earnings guidance for the financial year ending 31 March 2025. For the year, The company expects revenue to grow in the range of 21.8% to 22.4% in constant currency terms compared to 19.5% to 20.5% previously.Price Target Changed • Oct 30Price target increased by 9.3% to ₹352Up from ₹322, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹338. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹8.90 for next year compared to ₹7.52 last year.Price Target Changed • Jul 31Price target increased by 10% to ₹267Up from ₹242, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹273. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹8.79 for next year compared to ₹7.52 last year.Price Target Changed • Feb 09Price target increased by 9.8% to ₹210Up from ₹191, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹206. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹7.36 for next year compared to ₹7.55 last year.すべての更新を表示Recent updatesお知らせ • Apr 22Firstsource Solutions Limited to Report Q4, 2026 Results on May 06, 2026Firstsource Solutions Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 06, 2026お知らせ • Apr 18Firstsource Solutions Limited Launches Kairos Operating SystemFirstsource Solutions Limited announced the launch of Kairos -- the operating system powering Intelligence That Operates. Kairos is an embedded intelligence engine that designs, builds, and operates agentic workflows across the full arc of enterprise transformation -- from ambition to accountable outcome -- in a single, continuous motion. The spread between enterprises that are winning with AI and those still waiting for it to work has reached 540 basis points in operational performance -- and it is widening. The dividing line is not access to technology. It is whether an organization has fundamentally re-engineered how work gets done or is still layering AI onto legacy structures and hoping for different results. C-suite leaders increasingly recognize that closing that gap demands operating model transformation -- not more tools, not more pilots. Kairos was built to close that gap -- not as a layer added on top of existing operations but integrated within them -- running agentic workflows from end to end, accountable for what comes out the other side. Firstsource's clients have already been benefiting from the Kairos operating model in real-world, production environments. Across healthcare and financial services, these engagements are delivering measurable impact: In healthcare revenue cycle management: 66% productivity gain and 80% automation of denials triage for one of the largest US health systems. In financial services: 25% cost savings and 83% faster customer onboarding from KYC/AML process reimagination for UKFintech. Firstsource underwrites outcomes not because of any single lever -- AI, process redesign, or domain expertise -- but because Kairos brings all three together as one operating model. Kairos operates through a model that is fundamentally different from how AI is typically sold into enterprises. Rather than presenting a roadmap and stepping back, Firstsource embeds a multidisciplinary team -- Strategy Experts, Process Champions, Forward Deployed Engineers, and Technology Builders -- directly inside client operations. Every engagement begins not with a tool selection exercise, but with an assessment of the architecture and operating model in which AI can actually thrive. From there, the same team that designs the solution builds the intelligence layer and manages it in production, with commercial terms tied to measurable outcomes. No handoffs. No accountability gaps. One partner, accountable end to end. The intelligence Kairos brings to each engagement is not generic. It is drawn from proprietary vertical-native AI platforms built specifically for Healthcare, Banking and Financial Services, Telecommunications, Retail, and Utilities -- each developed from domain data and operational experience of 25 years, not adapted from horizontal tooling. Kairos also draws on an orchestrated ecosystem of more than 50 partners -- hyperscalers, vertical specialists, and enterprise platforms -- integrated through the Firstsource operating model rather than assembled as point solutions.Price Target Changed • Apr 08Price target decreased by 8.7% to ₹302Down from ₹330, the current price target is an average from 13 analysts. New target price is 36% above last closing price of ₹222. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹10.20 for next year compared to ₹8.63 last year.Board Change • Apr 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Director Paras Chowdhary was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Mar 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 42% to ₹207. The fair value is estimated to be ₹263, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.お知らせ • Mar 20Firstsource Solutions Limited Launches Intelligence That OperatesFirstsource Solutions Limited, an RP-Sanjiv Goenka Group company, launched Intelligence That Operates, a full-stack, agent-first operating model to design, build, and run AI-powered enterprise operations — with outcomes underwritten, not promised. The announcement marks a significant evolution of the company's UnBPO platform and a direct response to what has become the defining challenge of the agentic era. Intelligence That Operates addresses a structural gap that has long fragmented enterprise services across separate vendors and separate accountability structures. Firstsource unifies all three into a single, continuous engagement: Transform, Implement, Operate — with one partner accountable for the outcome end-to-end. Intelligence That Operates is defined by five principles. Domain Intelligence — industry complexity encoded from day one, so the intelligence knows the business context before it touches operations. Full-Stack Delivery — one partner transforms, implements, and operates, eliminating the handoffs where accountability disappears. Compounding Intelligence — every decision and outcome feeds back into the system, so the operational advantage widens with every engagement rather than plateauing at deployment. Outcome Accountability — revenue tied to results delivered, not resources consumed, with Firstsource underwriting performance rather than managing a contract. Governed Autonomy — every system earns its autonomy incrementally, through transparent auditability and proven performance, never assumed. Underpinning the model is twenty-five years of domain expertise encoded into composable, auditable AI that agents can execute, learn from, and improve upon. Every deployment generates structured decision traces that feed back into the system, compounding the operational advantage with every engagement. Intelligence That Operates also redefines what it means to build a career in this industry. Firstsource's Employee Value Proposition — Brilliant People. Bold Tech. Uncommon Careers. — reflects that directly. The domain expertise and creativity of its people power the intelligence behind every operation, while bold technology enables smarter systems to be designed and run at scale. Together, they create careers that are fundamentally more dynamic and impactful than traditional outsourcing ever allowed.Price Target Changed • Mar 13Price target decreased by 7.2% to ₹343Down from ₹370, the current price target is an average from 13 analysts. New target price is 52% above last closing price of ₹226. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹10.34 for next year compared to ₹8.63 last year.Buy Or Sell Opportunity • Feb 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 38% to ₹219. The fair value is estimated to be ₹279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹248, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Professional Services industry in India. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.Declared Dividend • Feb 05Dividend increased to ₹5.50Dividend of ₹5.50 is 38% higher than last year. Ex-date: 20th February 2026 Payment date: 5th March 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 04Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹1.74 (down from ₹2.33 in 3Q 2025). Revenue: ₹24.4b (up 16% from 3Q 2025). Net income: ₹1.20b (down 25% from 3Q 2025). Profit margin: 4.9% (down from 7.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 20Firstsource Solutions Limited to Report Q3, 2026 Results on Feb 03, 2026Firstsource Solutions Limited announced that they will report Q3, 2026 results on Feb 03, 2026Buy Or Sell Opportunity • Dec 22Now 23% overvaluedOver the last 90 days, the stock has fallen 1.5% to ₹356. The fair value is estimated to be ₹290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.お知らせ • Dec 17Firstsource Solutions Limited Announces Executive ChangesFirstsource Solutions Limited announced the appointment of Matthew Barlow as Head of the Healthcare Payer business and Scott Schrader as Head of the Healthcare Provider business in North America, effective December 15, 2025. Matthew Barlow is a transformational healthcare and technology leader with more than two decades of experience building high-performing global operations and next-generation healthcare business models across payer, provider, life sciences, and digital health organizations. He joins Firstsource from Avasant, where he served as Managing Partner, Healthcare Advisory, leading large-deal advisory and digital transformation programs, and previously held leadership roles including Chief Operating Officer at HealthComp and Head of Healthcare BPO Markets at Cognizant, besides senior roles at Unisys and at Teleperformance. Scott Schrader brings over two decades of leadership in healthcare technology, revenue cycle management, and enterprise software, with a proven track record of turning around under-performing businesses and driving sustainable growth. He has held senior commercial and operational roles across multiple high-impact organizations, including Executive Vice President and Chief Customer Officer at RevenueMed, Chief Commercial Officer at Access Healthcare Services, a senior go-to-market leadership role at Change Healthcare focused on technology-enabled services. Most recently, Scott was the President and Chief Commercial Officer at Pendrick Capital Partners, the largest healthcare receivables company in North America. In their new roles, Matthew Barlow and Scott Schrader will lead strategy, growth, and client success for the Healthcare Payer and Healthcare Provider portfolios, respectively. They will be part of the Firstsource global leadership team, reporting to the Managing Director and CEO, and will work together to expand the company's AI–enabled, digital–first solutions to unlock higher efficiency, better member and patient experiences, and stronger clinical and financial outcomes for clients. As part of this leadership transition, Venkatgiri Vandali (Giri), who has led the Healthcare business at Firstsource for the past six years, has decided to pursue his entrepreneurial ambitions. Over the coming months, he will work closely with Matthew and Scott to ensure a seamless handover of client and partner relationships.Buy Or Sell Opportunity • Nov 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹350. The fair value is estimated to be ₹290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.Buy Or Sell Opportunity • Nov 10Now 21% overvaluedOver the last 90 days, the stock has fallen 4.3% to ₹351. The fair value is estimated to be ₹289, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.New Risk • Nov 05New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 1.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 05Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: ₹2.60 (up from ₹2.01 in 2Q 2025). Revenue: ₹23.1b (up 20% from 2Q 2025). Net income: ₹1.80b (up 30% from 2Q 2025). Profit margin: 7.8% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 04Firstsource Solutions Limited Approves Appointment of Jagriti Bhattacharya as Executive Vice President, Effective 4 November 2025Firstsource Solutions Limited at its board meeting held on 4 November 2025, has inter-alia approved the appointment of Ms. Jagriti Bhattacharya as Executive Vice President and General Counsel, based on the recommendation of the Nomination and Remuneration Committee, who will be a Senior Management Personnel of the Company in terms of Regulation16(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), with effect from the date of the Board Meeting. Ms. Jagriti Bhattacharya is an experienced professional with over 20 years of experience working across industry, having worked with reputed organizations like Pine Labs, Citibank and ICICI Bank and skilled in Legal advice, Corporate Law and a trusted partner to Business leaders. She is a law graduate from the National Law School of India.お知らせ • Oct 23Firstsource Solutions Limited to Report Q2, 2026 Results on Nov 04, 2025Firstsource Solutions Limited announced that they will report Q2, 2026 results on Nov 04, 2025Buy Or Sell Opportunity • Oct 21Now 21% overvaluedOver the last 90 days, the stock has fallen 7.4% to ₹322. The fair value is estimated to be ₹267, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.Reported Earnings • Jul 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹8.63 (up from ₹7.52 in FY 2024). Revenue: ₹79.8b (up 26% from FY 2024). Net income: ₹5.94b (up 16% from FY 2024). Profit margin: 7.4% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 02Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2025Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2025, at 11:00 Indian Standard Time.お知らせ • Jun 27Firstsource Solutions Limited to Report Q1, 2026 Results on Jul 30, 2025Firstsource Solutions Limited announced that they will report Q1, 2026 results on Jul 30, 2025Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹374, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 31x in the Professional Services industry in India. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹206 per share.Reported Earnings • Apr 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹8.63 (up from ₹7.52 in FY 2024). Revenue: ₹79.8b (up 26% from FY 2024). Net income: ₹5.94b (up 16% from FY 2024). Profit margin: 7.4% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 23Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹355. The fair value is estimated to be ₹295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.お知らせ • Apr 07Firstsource Solutions Limited to Report Q4, 2025 Results on Apr 28, 2025Firstsource Solutions Limited announced that they will report Q4, 2025 results on Apr 28, 2025Buy Or Sell Opportunity • Mar 27Now 28% overvaluedOver the last 90 days, the stock has fallen 3.3% to ₹356. The fair value is estimated to be ₹279, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹307, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Professional Services industry in India. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.お知らせ • Mar 06Firstsource Solutions Limited Launches Agentic AI Studio Beyond Agentic WorkflowFirstsource Solutions Limited announced the launch of its Agentic AI Studio, a solution designed to transform the future of work. As part of the transformative Firstsource relAI suite of AI-powered platforms, solutions, and services, the Agentic AI Studio revolutionizes human work by breaking it down into specialized tasks executed by AI-driven agents-each with a defined role and purpose. These intelligent AI task models work in harmony, seamlessly orchestrating processes for greater efficiency and precision. By adopting this unified approach, organizations can harness the power of collective intelligence, driving transformative innovation, operational excellence, and superior business outcomes -all while ensuring responsible AI deployment. The Agentic AI Studio is a manifestation of Firstsource's UnBPOTM directive - of integrating AI into operations and democratizing access, of reimagining the WWhhoo (employees, gig workers, AI agents), HHooww (task allocation), and WWhhaatt (skills) is crucial for the future of work. The Studio unifies a comprehensive repository of prebuilt, diverse, and multi-modal AI task models, AI agents, and agentic workflows tailored for industry-specific solutions. Designed to be AI model family-agnostic, it ensures flexibility and future-proofs enterprises against evolving technologies. It features 4 comprehensive sets of modules namely Xplore, Evaluate, Weave and Monitor, that offer a structured and responsible approach toward the Future of Work.Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to ₹357. The fair value is estimated to be ₹298, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.Declared Dividend • Feb 10Dividend increased to ₹4.00Dividend of ₹4.00 is 14% higher than last year. Ex-date: 21st February 2025 Payment date: 9th March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Feb 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Significant insider selling over the past 3 months (₹171m sold).Reported Earnings • Feb 08Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹2.33 (up from ₹1.88 in 3Q 2024). Revenue: ₹21.0b (up 32% from 3Q 2024). Net income: ₹1.60b (up 25% from 3Q 2024). Profit margin: 7.6% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 08Firstsource Solutions Limited Raises Earnings Guidance for the Financial Year Ending 31 March 2025Firstsource Solutions Limited raises earnings guidance for the financial year ending 31 March 2025. For the year, The company expects revenue to grow in the range of 21.8% to 22.4% in constant currency terms compared to 19.5% to 20.5% previously.お知らせ • Feb 07Firstsource Solutions Limited Approves Interim Dividend for the Financial Year Ending 31 March 2025Firstsource Solutions Limited at the Board of Directors meeting held on 7 February 2025, approved an Interim Dividend for the financial year ending 31 March 2025 @ INR 4.00 per share (40%) on the paid up capital of the Company. The record date for the purpose of determining the members eligible to receive the said interim dividend has been fixed as 21 February 2025.お知らせ • Jan 24Firstsource Solutions Limited to Report Q3, 2025 Results on Feb 07, 2025Firstsource Solutions Limited announced that they will report Q3, 2025 results on Feb 07, 2025Buy Or Sell Opportunity • Jan 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to ₹401. The fair value is estimated to be ₹329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 4.6%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Recent Insider Transactions • Jan 02Insider recently sold ₹8.8m worth of stockOn the 26th of December, Rajivkumar Malhotra sold around 24k shares on-market at roughly ₹366 per share. This transaction amounted to 63% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹491m more than they bought in the last 12 months.Recent Insider Transactions • Dec 14Insider recently sold ₹957k worth of stockOn the 10th of December, Deepak Kolambkar sold around 3k shares on-market at roughly ₹383 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹528m more than they bought in the last 12 months.Recent Insider Transactions • Nov 27Insider recently sold ₹64m worth of stockOn the 21st of November, Prashanth Nandella sold around 178k shares on-market at roughly ₹363 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹676m more than they bought in the last 12 months.Recent Insider Transactions • Nov 19President of Healthcare & Lifesciences recently sold ₹86m worth of stockOn the 11th of November, Venkatgiri Vandali sold around 265k shares on-market at roughly ₹326 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹715m more than they bought in the last 12 months.Recent Insider Transactions • Nov 08Insider recently sold ₹20m worth of stockOn the 4th of November, Ankur Maheshwari sold around 55k shares on-market at roughly ₹356 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹31m. Insiders have been net sellers, collectively disposing of ₹608m more than they bought in the last 12 months.Price Target Changed • Oct 30Price target increased by 9.3% to ₹352Up from ₹322, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹338. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹8.90 for next year compared to ₹7.52 last year.Reported Earnings • Oct 29Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: ₹2.01 (up from ₹1.85 in 2Q 2024). Revenue: ₹19.2b (up 25% from 2Q 2024). Net income: ₹1.38b (up 9.3% from 2Q 2024). Profit margin: 7.2% (down from 8.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to ₹351. The fair value is estimated to be ₹285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.お知らせ • Oct 12Firstsource Solutions Limited Announces Resignation of Mr. Akash Pugalia as President - Global Trust & Safety, Effective October 15, 2024Firstsource Solutions Limited announced resignation of Mr. Akash Pugalia as President - Global Trust & Safety. Date of cessation is October 15, 2024.お知らせ • Oct 09Firstsource Solutions Limited to Report Q2, 2025 Results on Oct 28, 2024Firstsource Solutions Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Oct 28, 2024Recent Insider Transactions • Oct 02President of Healthcare & Lifesciences recently sold ₹9.2m worth of stockOn the 26th of September, Venkatgiri Vandali sold around 28k shares on-market at roughly ₹332 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹558m more than they bought in the last 12 months.Buy Or Sell Opportunity • Sep 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 62% to ₹342. The fair value is estimated to be ₹285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.お知らせ • Sep 24Firstsource Solutions Limited (NSEI:FSL) acquired Ascensos Limited.Firstsource Solutions Limited (NSEI:FSL) acquired Ascensos Limited on September 23, 2024. John Devlin will remain as chief executive officer, guaranteeing continuity for Ascensos clients. Ascensos will operate as a separate business unit within Firstsource, keeping its existing brand and maintaining its Scottish HQ while using the combined company's technological capabilities and expert employees to serve the retail industry better. Firstsource Solutions Limited (NSEI:FSL) completed the acquisition of Ascensos Limited on September 23, 2024.Recent Insider Transactions • Sep 17Insider recently sold ₹19m worth of stockOn the 10th of September, Prashanth Nandella sold around 57k shares on-market at roughly ₹327 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹562m more than they bought in the last 12 months.Recent Insider Transactions • Aug 28Insider recently sold ₹3.3m worth of stockOn the 26th of August, Arun Tyagi sold around 10k shares on-market at roughly ₹330 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹556m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹337, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹287 per share.Recent Insider Transactions • Aug 08Chief Financial Officer recently sold ₹30m worth of stockOn the 2nd of August, Dinesh Jain sold around 100k shares on-market at roughly ₹296 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹82m.Reported Earnings • Jul 31First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: ₹1.97 (up from ₹1.85 in 1Q 2024). Revenue: ₹17.9b (up 17% from 1Q 2024). Net income: ₹1.35b (up 7.4% from 1Q 2024). Profit margin: 7.6% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Price Target Changed • Jul 31Price target increased by 10% to ₹267Up from ₹242, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹273. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹8.79 for next year compared to ₹7.52 last year.お知らせ • Jul 31Firstsource Solutions Limited Launches Firstsource relAI to Drive Digital Transformation for ClientsFirstsource Solutions Limited announced the launch of Firstsource relAI, a suite of AI led platforms, solutions and offerings to drive digital transformation. The suite of offerings aims to empower businesses of all sizes to seamlessly integrate digital technology and AI into their operations, driving efficiency, innovation, and competitive advantage. Firstsource relAI leverages the company's deep domain, data, analytics, and process expertise to deliver digital transformation for clients, keeping reliability and trustworthiness of technology at the center of it all. The suite of offerings is powered by generative and discriminative AI that enables faster and greater value creation for various industries and geographies. Firstsource relAI is designed to bridge the disruptive technology gap for businesses and drive digital transformation, responsibly. Firstsource relAI's launch marks a significant enhancement in the company's commitment to fostering a more inclusive and technologically advanced business environment. Key benefits that clients can expect from relAI include: HealthTech Platforms: Achieve up to 95% screening rates, increase gross Medicaid conversion rates by 22%, reduce uncompensated care by 30-35%, and enhance monthly cash outcomes collections by 44%. Clients also see a 31% reduction in bad debt placements, improved dental claims processing times, and better first-pass rates. FinTech Platforms: Mortgage lenders and title companies can reduce operational costs by up to 50%, improve document processing accuracy to 97%, and avoid penalties for non-compliant procedures. CXTech Platforms: Transform traditional collections into digital collections, reducing the cost to collect by up to 70%. Improve customer experience through omnichannel outreach for collections and resolve debt using non-intrusive channels based on customer preferences.Buy Or Sell Opportunity • Jul 29Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ₹268. The fair value is estimated to be ₹218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.お知らせ • Jul 12Firstsource Solutions Limited to Report Q1, 2025 Results on Jul 30, 2024Firstsource Solutions Limited announced that they will report Q1, 2025 results on Jul 30, 2024Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹250, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 33x in the Professional Services industry in India. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹234 per share.Reported Earnings • Jul 02Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹7.52. Revenue: ₹63.4b (up 5.2% from FY 2023). Net income: ₹5.15b (flat on FY 2023). Profit margin: 8.1% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India.お知らせ • Jun 27Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2024Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2024, at 10:00 Indian Standard Time.Recent Insider Transactions • Jun 26SVP & CAO - Administration recently sold ₹10.0m worth of stockOn the 24th of June, Manjunath Srivatsa sold around 48k shares on-market at roughly ₹207 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Insiders have been net sellers, collectively disposing of ₹532m more than they bought in the last 12 months.お知らせ • Jun 13Firstsource Solutions Limited Announces Change in ManagementFirstsource Solutions Limited announced that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Mr. Sohit Brahmawar as President & Chief Operating Officer (Senior Management Personnel) with effect from 10 June 2024 in place of Mr. Prashanth Nandella, President & Chief Operating Officer. Mr. Sohit Brahmawar had previously worked with Tech Mahindra, where he served as Chief Delivery Officer, leading a global team of over 50,000 people. Over the last 15 years, he helped grow the business from double-digit revenue to nearly $1 billion, holding various leadership roles in pre-sales, solutions, transitions, and sales support. His commitment to operational excellence led to industry-leading margins, benefiting customers, shareholders, and employees.Recent Insider Transactions • Jun 10President & CFO recently sold ₹18m worth of stockOn the 5th of June, Dinesh Jain sold around 100k shares on-market at roughly ₹180 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹49m.Buy Or Sell Opportunity • Jun 07Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹197. The fair value is estimated to be ₹163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Recent Insider Transactions • Jun 06Chief Operating Officer recently sold ₹780k worth of stockOn the 28th of May, Prashanth Nandella sold around 4k shares on-market at roughly ₹195 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Prashanth has been a net seller over the last 12 months, reducing personal holdings by ₹32m.Recent Insider Transactions • May 19Chief of Staff & SVP of CEO's Office recently sold ₹20m worth of stockOn the 16th of May, Ankur Maheshwari sold around 99k shares on-market at roughly ₹201 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹483m more than they bought in the last 12 months.Buy Or Sell Opportunity • May 16Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹199. The fair value is estimated to be ₹164, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.お知らせ • May 11Firstsource Solutions Limited Announces Retirement of Anjani K. Agrawal as Independent DirectorFirstsource Solutions Limited informed that Mr. Anjani K. Agrawal (DIN 08579812), who was appointed as an Independent Director of the Company effective May 11, 2021, for a term of 3 years, ceased to be an Independent Director on the Board of the Company from the closing of business hours on May 10, 2024 by efflux of time.Reported Earnings • May 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹7.52. Revenue: ₹63.7b (up 5.8% from FY 2023). Net income: ₹5.15b (flat on FY 2023). Profit margin: 8.1% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India.お知らせ • May 04Firstsource Solutions Limited (NSEI:FSL) entered into share purchase agreement to acquire Quintessence Business Solutions & Services Private Limited from Anitha Balasubramanian, N S Ragunathan, T S Giridharan, R Nirmal Kumar for INR 3.3 billion.Firstsource Solutions Limited (NSEI:FSL) entered into share purchase agreement to acquire Quintessence Business Solutions & Services Private Limited from Anitha Balasubramanian, N S Ragunathan, T S Giridharan, R Nirmal Kumar for INR 3.3 billion on May 3, 2024. The consideration is on a cash free and debt free basis. Upon completion of the transaction, Quintessence Business Solutions & Services will become a wholly owned subsidiary of Firstsource Solutions Limited and Quintessence Health LLC will become a step-down subsidiary of Firstsource Solutions Limited. Quintessence Business Solutions & Services reported operating revenues of $14.8 million (approximately INR 0.18 million) for FY 2023-2024. The transaction was approved by the board of directors of Firstsource. The transaction is expected to close by May 15, 2024.お知らせ • May 03Firstsource Solutions Limited Approves Executive AppointmentsBoard of Directors of Firstsource Solutions Limited at their meeting held on 3rd May 2024, inter-alia approved the following: Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI Listing Regulations'), based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at its meeting held on 03rd May 2024 has approved appointment of Mr. Hasit Trivedi, Chief Digital and AI officer. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI Listing Regulations'), based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at its meeting held on 03rd May 2024 has approved the appointment of Mr. Akash Pugalia, President - Global Trust & Safety. Mr. Hasit Trivedi is a seasoned technocrat with almost hree decades of experience, multiple industry recognitions, and a leading voice in Artificial Intelligence. He has successfully helped several leading Indian SIs build and run their AI/Automation/Platform practices. Recently, he contributed to India AI initiative and serves on various governmental and inter-governmental working groups, including the UK-India Responsible and Trustworthy AI working group and GPAI SME Invitee for AI/Data Governance. Additionally, Hasit is a MeitY task force member for India AI, NASSCOM DeepTech Mentor, and actively participates in various industry and technology forums. He specializes in building technology-led businesses and platforms in AI, intelligent automation, and analytics, driving digital transformation for clients. With over two decades of experience in the outsourcing industry, Akash Pugalia possesses a wealth of transformative leadership skills. His expertise in the Media, Entertainment, Gaming, and T&S sectors is revered for his modest yet impactful approach. Akash's dedication to client satisfaction and stakeholder trust, coupled with a focus on operational excellence and people-centric strategies, has nurtured enduring relationships throughout his career. Notably, Akash's strategic acumen has been instrumental in the remarkable growth of a $50 million business into a $1 billion powerhouse in just four years. His commitment to innovation is evident in his adoption of cutting-edge AI solutions for proactive threat detection, underscoring his forward-thinking approach to cybersecurity.Buy Or Sell Opportunity • Apr 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.1% to ₹203. The fair value is estimated to be ₹168, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Recent Insider Transactions • Apr 03President & CFO recently sold ₹9.2m worth of stockOn the 27th of March, Dinesh Jain sold around 47k shares on-market at roughly ₹196 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹19m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹35m.Buy Or Sell Opportunity • Apr 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to ₹200. The fair value is estimated to be ₹165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Recent Insider Transactions • Mar 19Insider recently sold ₹19m worth of stockOn the 14th of March, Vipul Khanna sold around 100k shares on-market at roughly ₹187 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹19m. Insiders have been net sellers, collectively disposing of ₹452m more than they bought in the last 12 months.Buy Or Sell Opportunity • Mar 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.2% to ₹194. The fair value is estimated to be ₹156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.Recent Insider Transactions • Feb 21Insider recently sold ₹10m worth of stockOn the 15th of February, Vipul Khanna sold around 50k shares on-market at roughly ₹200 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹413m more than they bought in the last 12 months.Upcoming Dividend • Feb 10Upcoming dividend of ₹3.50 per share at 1.7% yieldEligible shareholders must have bought the stock before 16 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (1.1%).Price Target Changed • Feb 09Price target increased by 9.8% to ₹210Up from ₹191, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹206. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹7.36 for next year compared to ₹7.55 last year.Reported Earnings • Feb 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ₹1.88 (down from ₹2.32 in 3Q 2023). Revenue: ₹16.1b (up 7.1% from 3Q 2023). Net income: ₹1.29b (down 19% from 3Q 2023). Profit margin: 8.0% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 07+ 1 more updateFirstsource Solutions Limited Approves Appointment of Aniket Maindarkar as Chief Marketing Officer (Senior Management Personnel)FirstSOURCE Solutions Limited announced that at its board meeting held on February 7, 2024, approved the appointment of Mr. Aniket Maindarkar as Chief Marketing Officer (Senior Management Personnel). Terms of Appointment: Full Time Employment. Mr. Aniket Maindarkar is a people-oriented business leader with 30 years of experience spanning multiple geographies, functions, and services. In addition to running channels and the marketing function, hisprior roles have been managing a $1 billion BPS service line as a GM, head of strategy including M&A, running operations, setting up 10 onshore and near-shore centers across the Americas, and scaling account portfolios by helping several Fortune 1000 companies with their digital transformation journeys.お知らせ • Jan 31Firstsource Solutions Limited to Report Q3, 2024 Results on Feb 07, 2024Firstsource Solutions Limited announced that they will report Q3, 2024 results on Feb 07, 2024Recent Insider Transactions • Jan 02Insider recently sold ₹19m worth of stockOn the 26th of December, Vipul Khanna sold around 100k shares on-market at roughly ₹186 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹403m more than they bought in the last 12 months.Recent Insider Transactions • Dec 28Insider recently sold ₹19m worth of stockOn the 22nd of December, Vipul Khanna sold around 100k shares on-market at roughly ₹187 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹384m more than they bought in the last 12 months.Recent Insider Transactions • Nov 30Insider recently sold ₹105m worth of stockOn the 24th of November, Vipul Khanna sold around 626k shares on-market at roughly ₹168 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹198m more than they bought in the last 12 months.Reported Earnings • Nov 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ₹1.85 (down from ₹1.90 in 2Q 2023). Revenue: ₹15.4b (up 3.5% from 2Q 2023). Net income: ₹1.27b (down 2.2% from 2Q 2023). Profit margin: 8.2% (down from 8.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 20Firstsource Solutions Limited to Report Q2, 2024 Results on Nov 08, 2023Firstsource Solutions Limited announced that they will report Q2, 2024 results on Nov 08, 2023Recent Insider Transactions • Oct 05President & CFO recently sold ₹8.5m worth of stockOn the 29th of September, Dinesh Jain sold around 50k shares on-market at roughly ₹171 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹26m.Board Change • Oct 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. MD, CEO & Additional Director Ritesh Idnani was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Sep 29Insider recently sold ₹1.6m worth of stockOn the 22nd of September, Arun Tyagi sold around 10k shares on-market at roughly ₹160 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Insiders have been net sellers, collectively disposing of ₹86m more than they bought in the last 12 months.Recent Insider Transactions • Sep 20President & CFO recently sold ₹8.5m worth of stockOn the 15th of September, Dinesh Jain sold around 50k shares on-market at roughly ₹171 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹18m.Recent Insider Transactions • Sep 10Insider recently sold ₹4.0m worth of stockOn the 7th of September, Arun Tyagi sold around 24k shares on-market at roughly ₹167 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Insiders have been net sellers, collectively disposing of ₹82m more than they bought in the last 12 months.業績と収益の成長予測BSE:532809 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029139,16710,78613,272N/A23/31/2028123,61710,85911,006N/A133/31/2027110,9369,3439,468N/A133/31/202696,2246,8517,706N/A1212/31/202591,3446,299N/AN/AN/A9/30/202587,9376,6989,13210,727N/A6/30/202584,0696,285N/AN/AN/A3/31/202579,8035,9454,5997,011N/A12/31/202474,8935,673N/AN/AN/A9/30/202469,8355,3575,0167,100N/A6/30/202465,9815,240N/AN/AN/A3/31/202463,3625,1475,5906,441N/A12/31/202362,2265,225N/AN/AN/A9/30/202361,3095,5175,1475,696N/A6/30/202360,7925,546N/AN/AN/A3/31/202360,2235,1377,4147,950N/A12/31/202260,0945,048N/AN/AN/A9/30/202259,6834,8237,4218,155N/A6/30/202259,0874,880N/AN/AN/A3/31/202259,2125,3746,1857,036N/A12/31/202158,4014,517N/AN/AN/A9/30/202157,4154,3726,4128,081N/A6/30/202155,0064,075N/AN/AN/A3/31/202150,7803,6178,0259,756N/A12/31/202046,9564,066N/AN/AN/A9/30/202043,8383,7516,4597,284N/A6/30/202041,8103,372N/AN/AN/A3/31/202040,9863,3973,1564,104N/A12/31/201939,8533,464N/AN/AN/A9/30/201939,1713,549N/A3,865N/A6/30/201938,8693,804N/AN/AN/A3/31/201938,2633,778N/A4,000N/A12/31/201837,5643,724N/AN/AN/A9/30/201836,5843,738N/AN/AN/A6/30/201835,7663,497N/AN/AN/A3/31/201835,3523,265N/A3,151N/A12/31/201735,3032,991N/AN/AN/A9/30/201735,2842,695N/AN/AN/A6/30/201735,3982,720N/AN/AN/A3/31/201735,5562,800N/A1,998N/A12/31/201635,4583,006N/AN/AN/A9/30/201634,7902,981N/AN/AN/A6/30/201633,8242,855N/AN/AN/A3/31/201632,1732,605N/A2,971N/A12/31/201530,8422,476N/AN/AN/A9/30/201530,4452,381N/AN/AN/A6/30/201530,1112,375N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 532809の予測収益成長率 (年間21.4% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: 532809の収益 ( 21.4% ) はIndian市場 ( 16.9% ) よりも速いペースで成長すると予測されています。高成長収益: 532809の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 532809の収益 ( 12.7% ) Indian市場 ( 11% ) よりも速いペースで成長すると予測されています。高い収益成長: 532809の収益 ( 12.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 532809の 自己資本利益率 は、3年後には高くなると予測されています ( 21.3 %)成長企業の発掘7D1Y7D1Y7D1YCommercial-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 10:16終値2026/05/06 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Firstsource Solutions Limited 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Sushovon NayakAnand Rathi Shares and Stock Brokers Limitednull nullAntique Stockbroking Ltd.null nullAsian Markets Securities Private Limited21 その他のアナリストを表示
Price Target Changed • Apr 08Price target decreased by 8.7% to ₹302Down from ₹330, the current price target is an average from 13 analysts. New target price is 36% above last closing price of ₹222. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹10.20 for next year compared to ₹8.63 last year.
Price Target Changed • Mar 13Price target decreased by 7.2% to ₹343Down from ₹370, the current price target is an average from 13 analysts. New target price is 52% above last closing price of ₹226. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹10.34 for next year compared to ₹8.63 last year.
お知らせ • Feb 08Firstsource Solutions Limited Raises Earnings Guidance for the Financial Year Ending 31 March 2025Firstsource Solutions Limited raises earnings guidance for the financial year ending 31 March 2025. For the year, The company expects revenue to grow in the range of 21.8% to 22.4% in constant currency terms compared to 19.5% to 20.5% previously.
Price Target Changed • Oct 30Price target increased by 9.3% to ₹352Up from ₹322, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹338. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹8.90 for next year compared to ₹7.52 last year.
Price Target Changed • Jul 31Price target increased by 10% to ₹267Up from ₹242, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹273. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹8.79 for next year compared to ₹7.52 last year.
Price Target Changed • Feb 09Price target increased by 9.8% to ₹210Up from ₹191, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹206. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹7.36 for next year compared to ₹7.55 last year.
お知らせ • Apr 22Firstsource Solutions Limited to Report Q4, 2026 Results on May 06, 2026Firstsource Solutions Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 06, 2026
お知らせ • Apr 18Firstsource Solutions Limited Launches Kairos Operating SystemFirstsource Solutions Limited announced the launch of Kairos -- the operating system powering Intelligence That Operates. Kairos is an embedded intelligence engine that designs, builds, and operates agentic workflows across the full arc of enterprise transformation -- from ambition to accountable outcome -- in a single, continuous motion. The spread between enterprises that are winning with AI and those still waiting for it to work has reached 540 basis points in operational performance -- and it is widening. The dividing line is not access to technology. It is whether an organization has fundamentally re-engineered how work gets done or is still layering AI onto legacy structures and hoping for different results. C-suite leaders increasingly recognize that closing that gap demands operating model transformation -- not more tools, not more pilots. Kairos was built to close that gap -- not as a layer added on top of existing operations but integrated within them -- running agentic workflows from end to end, accountable for what comes out the other side. Firstsource's clients have already been benefiting from the Kairos operating model in real-world, production environments. Across healthcare and financial services, these engagements are delivering measurable impact: In healthcare revenue cycle management: 66% productivity gain and 80% automation of denials triage for one of the largest US health systems. In financial services: 25% cost savings and 83% faster customer onboarding from KYC/AML process reimagination for UKFintech. Firstsource underwrites outcomes not because of any single lever -- AI, process redesign, or domain expertise -- but because Kairos brings all three together as one operating model. Kairos operates through a model that is fundamentally different from how AI is typically sold into enterprises. Rather than presenting a roadmap and stepping back, Firstsource embeds a multidisciplinary team -- Strategy Experts, Process Champions, Forward Deployed Engineers, and Technology Builders -- directly inside client operations. Every engagement begins not with a tool selection exercise, but with an assessment of the architecture and operating model in which AI can actually thrive. From there, the same team that designs the solution builds the intelligence layer and manages it in production, with commercial terms tied to measurable outcomes. No handoffs. No accountability gaps. One partner, accountable end to end. The intelligence Kairos brings to each engagement is not generic. It is drawn from proprietary vertical-native AI platforms built specifically for Healthcare, Banking and Financial Services, Telecommunications, Retail, and Utilities -- each developed from domain data and operational experience of 25 years, not adapted from horizontal tooling. Kairos also draws on an orchestrated ecosystem of more than 50 partners -- hyperscalers, vertical specialists, and enterprise platforms -- integrated through the Firstsource operating model rather than assembled as point solutions.
Price Target Changed • Apr 08Price target decreased by 8.7% to ₹302Down from ₹330, the current price target is an average from 13 analysts. New target price is 36% above last closing price of ₹222. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹10.20 for next year compared to ₹8.63 last year.
Board Change • Apr 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Director Paras Chowdhary was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Mar 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 42% to ₹207. The fair value is estimated to be ₹263, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.
お知らせ • Mar 20Firstsource Solutions Limited Launches Intelligence That OperatesFirstsource Solutions Limited, an RP-Sanjiv Goenka Group company, launched Intelligence That Operates, a full-stack, agent-first operating model to design, build, and run AI-powered enterprise operations — with outcomes underwritten, not promised. The announcement marks a significant evolution of the company's UnBPO platform and a direct response to what has become the defining challenge of the agentic era. Intelligence That Operates addresses a structural gap that has long fragmented enterprise services across separate vendors and separate accountability structures. Firstsource unifies all three into a single, continuous engagement: Transform, Implement, Operate — with one partner accountable for the outcome end-to-end. Intelligence That Operates is defined by five principles. Domain Intelligence — industry complexity encoded from day one, so the intelligence knows the business context before it touches operations. Full-Stack Delivery — one partner transforms, implements, and operates, eliminating the handoffs where accountability disappears. Compounding Intelligence — every decision and outcome feeds back into the system, so the operational advantage widens with every engagement rather than plateauing at deployment. Outcome Accountability — revenue tied to results delivered, not resources consumed, with Firstsource underwriting performance rather than managing a contract. Governed Autonomy — every system earns its autonomy incrementally, through transparent auditability and proven performance, never assumed. Underpinning the model is twenty-five years of domain expertise encoded into composable, auditable AI that agents can execute, learn from, and improve upon. Every deployment generates structured decision traces that feed back into the system, compounding the operational advantage with every engagement. Intelligence That Operates also redefines what it means to build a career in this industry. Firstsource's Employee Value Proposition — Brilliant People. Bold Tech. Uncommon Careers. — reflects that directly. The domain expertise and creativity of its people power the intelligence behind every operation, while bold technology enables smarter systems to be designed and run at scale. Together, they create careers that are fundamentally more dynamic and impactful than traditional outsourcing ever allowed.
Price Target Changed • Mar 13Price target decreased by 7.2% to ₹343Down from ₹370, the current price target is an average from 13 analysts. New target price is 52% above last closing price of ₹226. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹10.34 for next year compared to ₹8.63 last year.
Buy Or Sell Opportunity • Feb 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 38% to ₹219. The fair value is estimated to be ₹279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹248, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Professional Services industry in India. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.
Declared Dividend • Feb 05Dividend increased to ₹5.50Dividend of ₹5.50 is 38% higher than last year. Ex-date: 20th February 2026 Payment date: 5th March 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 04Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹1.74 (down from ₹2.33 in 3Q 2025). Revenue: ₹24.4b (up 16% from 3Q 2025). Net income: ₹1.20b (down 25% from 3Q 2025). Profit margin: 4.9% (down from 7.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 20Firstsource Solutions Limited to Report Q3, 2026 Results on Feb 03, 2026Firstsource Solutions Limited announced that they will report Q3, 2026 results on Feb 03, 2026
Buy Or Sell Opportunity • Dec 22Now 23% overvaluedOver the last 90 days, the stock has fallen 1.5% to ₹356. The fair value is estimated to be ₹290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
お知らせ • Dec 17Firstsource Solutions Limited Announces Executive ChangesFirstsource Solutions Limited announced the appointment of Matthew Barlow as Head of the Healthcare Payer business and Scott Schrader as Head of the Healthcare Provider business in North America, effective December 15, 2025. Matthew Barlow is a transformational healthcare and technology leader with more than two decades of experience building high-performing global operations and next-generation healthcare business models across payer, provider, life sciences, and digital health organizations. He joins Firstsource from Avasant, where he served as Managing Partner, Healthcare Advisory, leading large-deal advisory and digital transformation programs, and previously held leadership roles including Chief Operating Officer at HealthComp and Head of Healthcare BPO Markets at Cognizant, besides senior roles at Unisys and at Teleperformance. Scott Schrader brings over two decades of leadership in healthcare technology, revenue cycle management, and enterprise software, with a proven track record of turning around under-performing businesses and driving sustainable growth. He has held senior commercial and operational roles across multiple high-impact organizations, including Executive Vice President and Chief Customer Officer at RevenueMed, Chief Commercial Officer at Access Healthcare Services, a senior go-to-market leadership role at Change Healthcare focused on technology-enabled services. Most recently, Scott was the President and Chief Commercial Officer at Pendrick Capital Partners, the largest healthcare receivables company in North America. In their new roles, Matthew Barlow and Scott Schrader will lead strategy, growth, and client success for the Healthcare Payer and Healthcare Provider portfolios, respectively. They will be part of the Firstsource global leadership team, reporting to the Managing Director and CEO, and will work together to expand the company's AI–enabled, digital–first solutions to unlock higher efficiency, better member and patient experiences, and stronger clinical and financial outcomes for clients. As part of this leadership transition, Venkatgiri Vandali (Giri), who has led the Healthcare business at Firstsource for the past six years, has decided to pursue his entrepreneurial ambitions. Over the coming months, he will work closely with Matthew and Scott to ensure a seamless handover of client and partner relationships.
Buy Or Sell Opportunity • Nov 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹350. The fair value is estimated to be ₹290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
Buy Or Sell Opportunity • Nov 10Now 21% overvaluedOver the last 90 days, the stock has fallen 4.3% to ₹351. The fair value is estimated to be ₹289, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
New Risk • Nov 05New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 1.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 05Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: ₹2.60 (up from ₹2.01 in 2Q 2025). Revenue: ₹23.1b (up 20% from 2Q 2025). Net income: ₹1.80b (up 30% from 2Q 2025). Profit margin: 7.8% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 04Firstsource Solutions Limited Approves Appointment of Jagriti Bhattacharya as Executive Vice President, Effective 4 November 2025Firstsource Solutions Limited at its board meeting held on 4 November 2025, has inter-alia approved the appointment of Ms. Jagriti Bhattacharya as Executive Vice President and General Counsel, based on the recommendation of the Nomination and Remuneration Committee, who will be a Senior Management Personnel of the Company in terms of Regulation16(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), with effect from the date of the Board Meeting. Ms. Jagriti Bhattacharya is an experienced professional with over 20 years of experience working across industry, having worked with reputed organizations like Pine Labs, Citibank and ICICI Bank and skilled in Legal advice, Corporate Law and a trusted partner to Business leaders. She is a law graduate from the National Law School of India.
お知らせ • Oct 23Firstsource Solutions Limited to Report Q2, 2026 Results on Nov 04, 2025Firstsource Solutions Limited announced that they will report Q2, 2026 results on Nov 04, 2025
Buy Or Sell Opportunity • Oct 21Now 21% overvaluedOver the last 90 days, the stock has fallen 7.4% to ₹322. The fair value is estimated to be ₹267, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
Reported Earnings • Jul 03Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹8.63 (up from ₹7.52 in FY 2024). Revenue: ₹79.8b (up 26% from FY 2024). Net income: ₹5.94b (up 16% from FY 2024). Profit margin: 7.4% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 02Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2025Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2025, at 11:00 Indian Standard Time.
お知らせ • Jun 27Firstsource Solutions Limited to Report Q1, 2026 Results on Jul 30, 2025Firstsource Solutions Limited announced that they will report Q1, 2026 results on Jul 30, 2025
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹374, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 31x in the Professional Services industry in India. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹206 per share.
Reported Earnings • Apr 29Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹8.63 (up from ₹7.52 in FY 2024). Revenue: ₹79.8b (up 26% from FY 2024). Net income: ₹5.94b (up 16% from FY 2024). Profit margin: 7.4% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 23Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹355. The fair value is estimated to be ₹295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
お知らせ • Apr 07Firstsource Solutions Limited to Report Q4, 2025 Results on Apr 28, 2025Firstsource Solutions Limited announced that they will report Q4, 2025 results on Apr 28, 2025
Buy Or Sell Opportunity • Mar 27Now 28% overvaluedOver the last 90 days, the stock has fallen 3.3% to ₹356. The fair value is estimated to be ₹279, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₹307, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Professional Services industry in India. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.
お知らせ • Mar 06Firstsource Solutions Limited Launches Agentic AI Studio Beyond Agentic WorkflowFirstsource Solutions Limited announced the launch of its Agentic AI Studio, a solution designed to transform the future of work. As part of the transformative Firstsource relAI suite of AI-powered platforms, solutions, and services, the Agentic AI Studio revolutionizes human work by breaking it down into specialized tasks executed by AI-driven agents-each with a defined role and purpose. These intelligent AI task models work in harmony, seamlessly orchestrating processes for greater efficiency and precision. By adopting this unified approach, organizations can harness the power of collective intelligence, driving transformative innovation, operational excellence, and superior business outcomes -all while ensuring responsible AI deployment. The Agentic AI Studio is a manifestation of Firstsource's UnBPOTM directive - of integrating AI into operations and democratizing access, of reimagining the WWhhoo (employees, gig workers, AI agents), HHooww (task allocation), and WWhhaatt (skills) is crucial for the future of work. The Studio unifies a comprehensive repository of prebuilt, diverse, and multi-modal AI task models, AI agents, and agentic workflows tailored for industry-specific solutions. Designed to be AI model family-agnostic, it ensures flexibility and future-proofs enterprises against evolving technologies. It features 4 comprehensive sets of modules namely Xplore, Evaluate, Weave and Monitor, that offer a structured and responsible approach toward the Future of Work.
Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to ₹357. The fair value is estimated to be ₹298, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
Declared Dividend • Feb 10Dividend increased to ₹4.00Dividend of ₹4.00 is 14% higher than last year. Ex-date: 21st February 2025 Payment date: 9th March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Feb 09New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Significant insider selling over the past 3 months (₹171m sold).
Reported Earnings • Feb 08Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹2.33 (up from ₹1.88 in 3Q 2024). Revenue: ₹21.0b (up 32% from 3Q 2024). Net income: ₹1.60b (up 25% from 3Q 2024). Profit margin: 7.6% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 08Firstsource Solutions Limited Raises Earnings Guidance for the Financial Year Ending 31 March 2025Firstsource Solutions Limited raises earnings guidance for the financial year ending 31 March 2025. For the year, The company expects revenue to grow in the range of 21.8% to 22.4% in constant currency terms compared to 19.5% to 20.5% previously.
お知らせ • Feb 07Firstsource Solutions Limited Approves Interim Dividend for the Financial Year Ending 31 March 2025Firstsource Solutions Limited at the Board of Directors meeting held on 7 February 2025, approved an Interim Dividend for the financial year ending 31 March 2025 @ INR 4.00 per share (40%) on the paid up capital of the Company. The record date for the purpose of determining the members eligible to receive the said interim dividend has been fixed as 21 February 2025.
お知らせ • Jan 24Firstsource Solutions Limited to Report Q3, 2025 Results on Feb 07, 2025Firstsource Solutions Limited announced that they will report Q3, 2025 results on Feb 07, 2025
Buy Or Sell Opportunity • Jan 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to ₹401. The fair value is estimated to be ₹329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 4.6%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Recent Insider Transactions • Jan 02Insider recently sold ₹8.8m worth of stockOn the 26th of December, Rajivkumar Malhotra sold around 24k shares on-market at roughly ₹366 per share. This transaction amounted to 63% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹491m more than they bought in the last 12 months.
Recent Insider Transactions • Dec 14Insider recently sold ₹957k worth of stockOn the 10th of December, Deepak Kolambkar sold around 3k shares on-market at roughly ₹383 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹528m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 27Insider recently sold ₹64m worth of stockOn the 21st of November, Prashanth Nandella sold around 178k shares on-market at roughly ₹363 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹86m. Insiders have been net sellers, collectively disposing of ₹676m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 19President of Healthcare & Lifesciences recently sold ₹86m worth of stockOn the 11th of November, Venkatgiri Vandali sold around 265k shares on-market at roughly ₹326 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹715m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 08Insider recently sold ₹20m worth of stockOn the 4th of November, Ankur Maheshwari sold around 55k shares on-market at roughly ₹356 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹31m. Insiders have been net sellers, collectively disposing of ₹608m more than they bought in the last 12 months.
Price Target Changed • Oct 30Price target increased by 9.3% to ₹352Up from ₹322, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹338. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹8.90 for next year compared to ₹7.52 last year.
Reported Earnings • Oct 29Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: ₹2.01 (up from ₹1.85 in 2Q 2024). Revenue: ₹19.2b (up 25% from 2Q 2024). Net income: ₹1.38b (up 9.3% from 2Q 2024). Profit margin: 7.2% (down from 8.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 23Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to ₹351. The fair value is estimated to be ₹285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
お知らせ • Oct 12Firstsource Solutions Limited Announces Resignation of Mr. Akash Pugalia as President - Global Trust & Safety, Effective October 15, 2024Firstsource Solutions Limited announced resignation of Mr. Akash Pugalia as President - Global Trust & Safety. Date of cessation is October 15, 2024.
お知らせ • Oct 09Firstsource Solutions Limited to Report Q2, 2025 Results on Oct 28, 2024Firstsource Solutions Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Oct 28, 2024
Recent Insider Transactions • Oct 02President of Healthcare & Lifesciences recently sold ₹9.2m worth of stockOn the 26th of September, Venkatgiri Vandali sold around 28k shares on-market at roughly ₹332 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹558m more than they bought in the last 12 months.
Buy Or Sell Opportunity • Sep 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 62% to ₹342. The fair value is estimated to be ₹285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
お知らせ • Sep 24Firstsource Solutions Limited (NSEI:FSL) acquired Ascensos Limited.Firstsource Solutions Limited (NSEI:FSL) acquired Ascensos Limited on September 23, 2024. John Devlin will remain as chief executive officer, guaranteeing continuity for Ascensos clients. Ascensos will operate as a separate business unit within Firstsource, keeping its existing brand and maintaining its Scottish HQ while using the combined company's technological capabilities and expert employees to serve the retail industry better. Firstsource Solutions Limited (NSEI:FSL) completed the acquisition of Ascensos Limited on September 23, 2024.
Recent Insider Transactions • Sep 17Insider recently sold ₹19m worth of stockOn the 10th of September, Prashanth Nandella sold around 57k shares on-market at roughly ₹327 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹562m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 28Insider recently sold ₹3.3m worth of stockOn the 26th of August, Arun Tyagi sold around 10k shares on-market at roughly ₹330 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹30m. Insiders have been net sellers, collectively disposing of ₹556m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹337, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹287 per share.
Recent Insider Transactions • Aug 08Chief Financial Officer recently sold ₹30m worth of stockOn the 2nd of August, Dinesh Jain sold around 100k shares on-market at roughly ₹296 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹82m.
Reported Earnings • Jul 31First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: ₹1.97 (up from ₹1.85 in 1Q 2024). Revenue: ₹17.9b (up 17% from 1Q 2024). Net income: ₹1.35b (up 7.4% from 1Q 2024). Profit margin: 7.6% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Price Target Changed • Jul 31Price target increased by 10% to ₹267Up from ₹242, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹273. Stock is up 89% over the past year. The company is forecast to post earnings per share of ₹8.79 for next year compared to ₹7.52 last year.
お知らせ • Jul 31Firstsource Solutions Limited Launches Firstsource relAI to Drive Digital Transformation for ClientsFirstsource Solutions Limited announced the launch of Firstsource relAI, a suite of AI led platforms, solutions and offerings to drive digital transformation. The suite of offerings aims to empower businesses of all sizes to seamlessly integrate digital technology and AI into their operations, driving efficiency, innovation, and competitive advantage. Firstsource relAI leverages the company's deep domain, data, analytics, and process expertise to deliver digital transformation for clients, keeping reliability and trustworthiness of technology at the center of it all. The suite of offerings is powered by generative and discriminative AI that enables faster and greater value creation for various industries and geographies. Firstsource relAI is designed to bridge the disruptive technology gap for businesses and drive digital transformation, responsibly. Firstsource relAI's launch marks a significant enhancement in the company's commitment to fostering a more inclusive and technologically advanced business environment. Key benefits that clients can expect from relAI include: HealthTech Platforms: Achieve up to 95% screening rates, increase gross Medicaid conversion rates by 22%, reduce uncompensated care by 30-35%, and enhance monthly cash outcomes collections by 44%. Clients also see a 31% reduction in bad debt placements, improved dental claims processing times, and better first-pass rates. FinTech Platforms: Mortgage lenders and title companies can reduce operational costs by up to 50%, improve document processing accuracy to 97%, and avoid penalties for non-compliant procedures. CXTech Platforms: Transform traditional collections into digital collections, reducing the cost to collect by up to 70%. Improve customer experience through omnichannel outreach for collections and resolve debt using non-intrusive channels based on customer preferences.
Buy Or Sell Opportunity • Jul 29Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to ₹268. The fair value is estimated to be ₹218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
お知らせ • Jul 12Firstsource Solutions Limited to Report Q1, 2025 Results on Jul 30, 2024Firstsource Solutions Limited announced that they will report Q1, 2025 results on Jul 30, 2024
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹250, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 33x in the Professional Services industry in India. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹234 per share.
Reported Earnings • Jul 02Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹7.52. Revenue: ₹63.4b (up 5.2% from FY 2023). Net income: ₹5.15b (flat on FY 2023). Profit margin: 8.1% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India.
お知らせ • Jun 27Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2024Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2024, at 10:00 Indian Standard Time.
Recent Insider Transactions • Jun 26SVP & CAO - Administration recently sold ₹10.0m worth of stockOn the 24th of June, Manjunath Srivatsa sold around 48k shares on-market at roughly ₹207 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Insiders have been net sellers, collectively disposing of ₹532m more than they bought in the last 12 months.
お知らせ • Jun 13Firstsource Solutions Limited Announces Change in ManagementFirstsource Solutions Limited announced that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Mr. Sohit Brahmawar as President & Chief Operating Officer (Senior Management Personnel) with effect from 10 June 2024 in place of Mr. Prashanth Nandella, President & Chief Operating Officer. Mr. Sohit Brahmawar had previously worked with Tech Mahindra, where he served as Chief Delivery Officer, leading a global team of over 50,000 people. Over the last 15 years, he helped grow the business from double-digit revenue to nearly $1 billion, holding various leadership roles in pre-sales, solutions, transitions, and sales support. His commitment to operational excellence led to industry-leading margins, benefiting customers, shareholders, and employees.
Recent Insider Transactions • Jun 10President & CFO recently sold ₹18m worth of stockOn the 5th of June, Dinesh Jain sold around 100k shares on-market at roughly ₹180 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹49m.
Buy Or Sell Opportunity • Jun 07Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹197. The fair value is estimated to be ₹163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Recent Insider Transactions • Jun 06Chief Operating Officer recently sold ₹780k worth of stockOn the 28th of May, Prashanth Nandella sold around 4k shares on-market at roughly ₹195 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Prashanth has been a net seller over the last 12 months, reducing personal holdings by ₹32m.
Recent Insider Transactions • May 19Chief of Staff & SVP of CEO's Office recently sold ₹20m worth of stockOn the 16th of May, Ankur Maheshwari sold around 99k shares on-market at roughly ₹201 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹483m more than they bought in the last 12 months.
Buy Or Sell Opportunity • May 16Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at ₹199. The fair value is estimated to be ₹164, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
お知らせ • May 11Firstsource Solutions Limited Announces Retirement of Anjani K. Agrawal as Independent DirectorFirstsource Solutions Limited informed that Mr. Anjani K. Agrawal (DIN 08579812), who was appointed as an Independent Director of the Company effective May 11, 2021, for a term of 3 years, ceased to be an Independent Director on the Board of the Company from the closing of business hours on May 10, 2024 by efflux of time.
Reported Earnings • May 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹7.52. Revenue: ₹63.7b (up 5.8% from FY 2023). Net income: ₹5.15b (flat on FY 2023). Profit margin: 8.1% (down from 8.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India.
お知らせ • May 04Firstsource Solutions Limited (NSEI:FSL) entered into share purchase agreement to acquire Quintessence Business Solutions & Services Private Limited from Anitha Balasubramanian, N S Ragunathan, T S Giridharan, R Nirmal Kumar for INR 3.3 billion.Firstsource Solutions Limited (NSEI:FSL) entered into share purchase agreement to acquire Quintessence Business Solutions & Services Private Limited from Anitha Balasubramanian, N S Ragunathan, T S Giridharan, R Nirmal Kumar for INR 3.3 billion on May 3, 2024. The consideration is on a cash free and debt free basis. Upon completion of the transaction, Quintessence Business Solutions & Services will become a wholly owned subsidiary of Firstsource Solutions Limited and Quintessence Health LLC will become a step-down subsidiary of Firstsource Solutions Limited. Quintessence Business Solutions & Services reported operating revenues of $14.8 million (approximately INR 0.18 million) for FY 2023-2024. The transaction was approved by the board of directors of Firstsource. The transaction is expected to close by May 15, 2024.
お知らせ • May 03Firstsource Solutions Limited Approves Executive AppointmentsBoard of Directors of Firstsource Solutions Limited at their meeting held on 3rd May 2024, inter-alia approved the following: Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI Listing Regulations'), based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at its meeting held on 03rd May 2024 has approved appointment of Mr. Hasit Trivedi, Chief Digital and AI officer. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI Listing Regulations'), based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at its meeting held on 03rd May 2024 has approved the appointment of Mr. Akash Pugalia, President - Global Trust & Safety. Mr. Hasit Trivedi is a seasoned technocrat with almost hree decades of experience, multiple industry recognitions, and a leading voice in Artificial Intelligence. He has successfully helped several leading Indian SIs build and run their AI/Automation/Platform practices. Recently, he contributed to India AI initiative and serves on various governmental and inter-governmental working groups, including the UK-India Responsible and Trustworthy AI working group and GPAI SME Invitee for AI/Data Governance. Additionally, Hasit is a MeitY task force member for India AI, NASSCOM DeepTech Mentor, and actively participates in various industry and technology forums. He specializes in building technology-led businesses and platforms in AI, intelligent automation, and analytics, driving digital transformation for clients. With over two decades of experience in the outsourcing industry, Akash Pugalia possesses a wealth of transformative leadership skills. His expertise in the Media, Entertainment, Gaming, and T&S sectors is revered for his modest yet impactful approach. Akash's dedication to client satisfaction and stakeholder trust, coupled with a focus on operational excellence and people-centric strategies, has nurtured enduring relationships throughout his career. Notably, Akash's strategic acumen has been instrumental in the remarkable growth of a $50 million business into a $1 billion powerhouse in just four years. His commitment to innovation is evident in his adoption of cutting-edge AI solutions for proactive threat detection, underscoring his forward-thinking approach to cybersecurity.
Buy Or Sell Opportunity • Apr 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 4.1% to ₹203. The fair value is estimated to be ₹168, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Recent Insider Transactions • Apr 03President & CFO recently sold ₹9.2m worth of stockOn the 27th of March, Dinesh Jain sold around 47k shares on-market at roughly ₹196 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹19m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹35m.
Buy Or Sell Opportunity • Apr 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 8.7% to ₹200. The fair value is estimated to be ₹165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Recent Insider Transactions • Mar 19Insider recently sold ₹19m worth of stockOn the 14th of March, Vipul Khanna sold around 100k shares on-market at roughly ₹187 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹19m. Insiders have been net sellers, collectively disposing of ₹452m more than they bought in the last 12 months.
Buy Or Sell Opportunity • Mar 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 3.2% to ₹194. The fair value is estimated to be ₹156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 43% in the next 2 years.
Recent Insider Transactions • Feb 21Insider recently sold ₹10m worth of stockOn the 15th of February, Vipul Khanna sold around 50k shares on-market at roughly ₹200 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹413m more than they bought in the last 12 months.
Upcoming Dividend • Feb 10Upcoming dividend of ₹3.50 per share at 1.7% yieldEligible shareholders must have bought the stock before 16 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (1.1%).
Price Target Changed • Feb 09Price target increased by 9.8% to ₹210Up from ₹191, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹206. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹7.36 for next year compared to ₹7.55 last year.
Reported Earnings • Feb 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ₹1.88 (down from ₹2.32 in 3Q 2023). Revenue: ₹16.1b (up 7.1% from 3Q 2023). Net income: ₹1.29b (down 19% from 3Q 2023). Profit margin: 8.0% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 07+ 1 more updateFirstsource Solutions Limited Approves Appointment of Aniket Maindarkar as Chief Marketing Officer (Senior Management Personnel)FirstSOURCE Solutions Limited announced that at its board meeting held on February 7, 2024, approved the appointment of Mr. Aniket Maindarkar as Chief Marketing Officer (Senior Management Personnel). Terms of Appointment: Full Time Employment. Mr. Aniket Maindarkar is a people-oriented business leader with 30 years of experience spanning multiple geographies, functions, and services. In addition to running channels and the marketing function, hisprior roles have been managing a $1 billion BPS service line as a GM, head of strategy including M&A, running operations, setting up 10 onshore and near-shore centers across the Americas, and scaling account portfolios by helping several Fortune 1000 companies with their digital transformation journeys.
お知らせ • Jan 31Firstsource Solutions Limited to Report Q3, 2024 Results on Feb 07, 2024Firstsource Solutions Limited announced that they will report Q3, 2024 results on Feb 07, 2024
Recent Insider Transactions • Jan 02Insider recently sold ₹19m worth of stockOn the 26th of December, Vipul Khanna sold around 100k shares on-market at roughly ₹186 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹403m more than they bought in the last 12 months.
Recent Insider Transactions • Dec 28Insider recently sold ₹19m worth of stockOn the 22nd of December, Vipul Khanna sold around 100k shares on-market at roughly ₹187 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹106m. Insiders have been net sellers, collectively disposing of ₹384m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 30Insider recently sold ₹105m worth of stockOn the 24th of November, Vipul Khanna sold around 626k shares on-market at roughly ₹168 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹198m more than they bought in the last 12 months.
Reported Earnings • Nov 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ₹1.85 (down from ₹1.90 in 2Q 2023). Revenue: ₹15.4b (up 3.5% from 2Q 2023). Net income: ₹1.27b (down 2.2% from 2Q 2023). Profit margin: 8.2% (down from 8.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 20Firstsource Solutions Limited to Report Q2, 2024 Results on Nov 08, 2023Firstsource Solutions Limited announced that they will report Q2, 2024 results on Nov 08, 2023
Recent Insider Transactions • Oct 05President & CFO recently sold ₹8.5m worth of stockOn the 29th of September, Dinesh Jain sold around 50k shares on-market at roughly ₹171 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹26m.
Board Change • Oct 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. MD, CEO & Additional Director Ritesh Idnani was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Sep 29Insider recently sold ₹1.6m worth of stockOn the 22nd of September, Arun Tyagi sold around 10k shares on-market at roughly ₹160 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Insiders have been net sellers, collectively disposing of ₹86m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 20President & CFO recently sold ₹8.5m worth of stockOn the 15th of September, Dinesh Jain sold around 50k shares on-market at roughly ₹171 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Dinesh has been a net seller over the last 12 months, reducing personal holdings by ₹18m.
Recent Insider Transactions • Sep 10Insider recently sold ₹4.0m worth of stockOn the 7th of September, Arun Tyagi sold around 24k shares on-market at roughly ₹167 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹26m. Insiders have been net sellers, collectively disposing of ₹82m more than they bought in the last 12 months.