Estimating The Fair Value Of Firstsource Solutions Limited (NSE:FSL)
Jun 14
Indian (NIFTY) Professional Services Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies61
- 7D3.9%
- 3M3.7%
- 1Y45.7%
- YTD6.5%
Over the last 7 days, the Professional Services industry has risen 3.9%, driven by gains in RITES and BLS International Services of 8.4% and 9.7%, respectively. In the last 12 months, the industry was up 46%. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Indian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Jun 2024 | ₹1.8t | ₹681.0b | ₹43.8b | 27.3x | 40.3x | 2.6x |
| Tue, 14 May 2024 | ₹1.6t | ₹674.0b | ₹43.6b | 24.7x | 37.3x | 2.4x |
| Thu, 11 Apr 2024 | ₹1.8t | ₹655.0b | ₹43.8b | 25.2x | 41x | 2.7x |
| Sat, 09 Mar 2024 | ₹1.7t | ₹654.7b | ₹43.8b | 26.2x | 39.2x | 2.6x |
| Mon, 05 Feb 2024 | ₹1.7t | ₹648.7b | ₹43.3b | 25.8x | 40.1x | 2.7x |
| Wed, 03 Jan 2024 | ₹1.6t | ₹636.7b | ₹43.3b | 25.9x | 36.4x | 2.5x |
| Fri, 01 Dec 2023 | ₹1.5t | ₹636.2b | ₹43.3b | 23.5x | 34.5x | 2.4x |
| Sun, 29 Oct 2023 | ₹1.3t | ₹621.2b | ₹42.5b | 26.4x | 30.9x | 2.1x |
| Tue, 26 Sep 2023 | ₹1.4t | ₹619.1b | ₹42.3b | 25.6x | 32.9x | 2.2x |
| Thu, 24 Aug 2023 | ₹1.3t | ₹619.0b | ₹42.3b | 24.3x | 31.6x | 2.2x |
| Sat, 22 Jul 2023 | ₹1.2t | ₹600.2b | ₹39.9b | 28.2x | 31.1x | 2.1x |
| Mon, 19 Jun 2023 | ₹1.2t | ₹591.5b | ₹39.2b | 24.6x | 30.1x | 2x |
| Wed, 17 May 2023 | ₹1.1t | ₹588.7b | ₹41.6b | 25.2x | 27.1x | 1.9x |
| Fri, 14 Apr 2023 | ₹1.0t | ₹579.6b | ₹40.5b | 25x | 25.9x | 1.8x |
| Sun, 12 Mar 2023 | ₹681.8b | ₹366.1b | ₹23.2b | 26.1x | 29.3x | 1.9x |
| Tue, 07 Feb 2023 | ₹654.3b | ₹366.4b | ₹23.2b | 26.5x | 28.2x | 1.8x |
| Thu, 05 Jan 2023 | ₹690.5b | ₹351.4b | ₹22.5b | 26.1x | 30.7x | 2x |
| Sat, 03 Dec 2022 | ₹768.9b | ₹350.7b | ₹22.5b | 25.1x | 34.2x | 2.2x |
| Mon, 31 Oct 2022 | ₹706.7b | ₹334.6b | ₹21.8b | 34.4x | 32.4x | 2.1x |
| Wed, 28 Sep 2022 | ₹699.5b | ₹330.6b | ₹21.2b | 35.8x | 32.9x | 2.1x |
| Fri, 26 Aug 2022 | ₹712.7b | ₹330.5b | ₹21.2b | 32.9x | 33.6x | 2.2x |
| Sun, 24 Jul 2022 | ₹687.2b | ₹312.0b | ₹20.2b | 35.7x | 34.1x | 2.2x |
| Tue, 21 Jun 2022 | ₹603.9b | ₹307.0b | ₹19.2b | 35.4x | 31.5x | 2x |
| Thu, 19 May 2022 | ₹716.8b | ₹290.7b | ₹17.6b | 25.9x | 40.7x | 2.5x |
| Sat, 16 Apr 2022 | ₹828.7b | ₹288.1b | ₹16.9b | 35.3x | 49x | 2.9x |
| Mon, 14 Mar 2022 | ₹829.9b | ₹288.1b | ₹16.9b | 37.1x | 49x | 2.9x |
| Wed, 09 Feb 2022 | ₹824.2b | ₹275.4b | ₹15.8b | 29.6x | 52x | 3x |
| Fri, 07 Jan 2022 | ₹1.0t | ₹267.7b | ₹15.1b | 345.1x | 66.7x | 3.8x |
| Sun, 05 Dec 2021 | ₹980.0b | ₹267.7b | ₹15.1b | 20.1x | 64.9x | 3.7x |
| Tue, 02 Nov 2021 | ₹817.4b | ₹250.7b | ₹14.4b | 31.6x | 56.6x | 3.3x |
| Thu, 30 Sep 2021 | ₹798.3b | ₹247.5b | ₹13.8b | 32x | 57.9x | 3.2x |
| Sat, 28 Aug 2021 | ₹681.4b | ₹248.2b | ₹13.7b | 42.8x | 49.7x | 2.7x |
| Sun, 04 Jul 2021 | ₹573.5b | ₹248.2b | ₹13.7b | 34.8x | 41.8x | 2.3x |
Price to Earnings Ratio
41.8x
Current Industry PE
- Investors are relatively neutral on the Indian Professional Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 38.4x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 40% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 2.66% | |
| Industrials | 6.13% | |
| Professional Services | 3.90% | |
| HR Services | 3.21% | |
| Research and Consulting Services | 2.81% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry which is trading above its 3-year average PE ratio of 37.3x.
- Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings growth of 7.9% per year.
- Investors are most pessimistic about the HR Services industry, which is trading below its 3-year average of 64.0x.
Forecasted Growth
- Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 0.1% per year.
- In contrast, the Research and Consulting Services industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RITES RITES | ₹705.20 | 8.4% +₹13.1b | 76.9% | PE37.2x | |
| BLS BLS International Services | ₹348.90 | 9.7% +₹12.7b | 74.8% | PE45.9x | |
| 543232 Computer Age Management Services | ₹3.58k | 5.1% +₹8.5b | 63.0% | PE49.8x | |
| EMUDHRA eMudhra | ₹866.40 | 10.9% +₹6.9b | 113.5% | PE93.3x | |
| LTTS L&T Technology Services | ₹4.85k | 1.0% +₹5.2b | 24.9% | PE39.3x |
