Firstsource Solutions Future Growth

Future criteria checks 4/6

Firstsource Solutions is forecast to grow earnings and revenue by 18.4% and 10.9% per annum respectively. EPS is expected to grow by 16.5% per annum. Return on equity is forecast to be 20% in 3 years.

Key information

18.4%

Earnings growth rate

16.5%

EPS growth rate

Professional Services earnings growth	17.8%
Revenue growth rate	10.9%
Future return on equity	20.0%
Analyst coverage	Good
Last updated	06 May 2024

Recent future growth updates

Recent updates

Is It Too Late To Consider Buying Firstsource Solutions Limited (NSE:FSL)?

May 02

Is Firstsource Solutions Limited (NSE:FSL) Expensive For A Reason? A Look At Its Intrinsic Value

Feb 27

Is Firstsource Solutions Limited (NSE:FSL) Expensive For A Reason? A Look At Its Intrinsic Value

Jun 01

Is Firstsource Solutions (NSE:FSL) Using Too Much Debt?

Mar 30

Firstsource Solutions (NSE:FSL) Has Affirmed Its Dividend Of ₹3.50

Feb 05

Return Trends At Firstsource Solutions (NSE:FSL) Aren't Appealing

Feb 03

Firstsource Solutions (NSE:FSL) Ticks All The Boxes When It Comes To Earnings Growth

Dec 24

Firstsource Solutions Limited (NSE:FSL) Shares Could Be 26% Above Their Intrinsic Value Estimate

Dec 10

Firstsource Solutions (NSE:FSL) Seems To Use Debt Quite Sensibly

Nov 22

These 4 Measures Indicate That Firstsource Solutions (NSE:FSL) Is Using Debt Reasonably Well

Aug 18

Firstsource Solutions (NSE:FSL) Has More To Do To Multiply In Value Going Forward

Jul 21

Should You Think About Buying Firstsource Solutions Limited (NSE:FSL) Now?

Jun 28

Does Firstsource Solutions (NSE:FSL) Deserve A Spot On Your Watchlist?

Jun 01

Is Firstsource Solutions (NSE:FSL) Using Too Much Debt?

May 19

Estimating The Intrinsic Value Of Firstsource Solutions Limited (NSE:FSL)

Apr 19

Is Now An Opportune Moment To Examine Firstsource Solutions Limited (NSE:FSL)?

Mar 25

Firstsource Solutions (NSE:FSL) Is Increasing Its Dividend To ₹3.50

Feb 07

Earnings and Revenue Growth Forecasts

NSEI:FSL - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	91,092	9,185	8,366	11,778	3
3/31/2026	80,459	7,589	7,639	10,038	9
3/31/2025	71,910	6,254	6,826	9,531	8
3/31/2024	63,731	5,147	5,597	6,448	N/A
12/31/2023	62,226	5,225	N/A	N/A	N/A
9/30/2023	61,309	5,517	5,147	5,696	N/A
6/30/2023	60,792	5,546	N/A	N/A	N/A
3/31/2023	60,223	5,137	7,414	7,950	N/A
12/31/2022	60,094	5,048	N/A	N/A	N/A
9/30/2022	59,683	4,823	7,421	8,155	N/A
6/30/2022	59,087	4,880	N/A	N/A	N/A
3/31/2022	59,212	5,374	6,185	7,036	N/A
12/31/2021	58,401	4,517	N/A	N/A	N/A
9/30/2021	57,415	4,372	6,412	8,081	N/A
6/30/2021	55,006	4,075	N/A	N/A	N/A
3/31/2021	50,780	3,617	8,025	9,756	N/A
12/31/2020	46,956	4,066	N/A	N/A	N/A
9/30/2020	43,838	3,751	6,459	7,284	N/A
6/30/2020	41,810	3,372	N/A	N/A	N/A
3/31/2020	40,986	3,397	3,156	4,104	N/A
12/31/2019	39,853	3,464	N/A	N/A	N/A
9/30/2019	39,171	3,549	2,664	3,865	N/A
6/30/2019	38,869	3,804	N/A	N/A	N/A
3/31/2019	38,263	3,778	2,913	4,000	N/A
12/31/2018	37,564	3,724	N/A	N/A	N/A
9/30/2018	36,584	3,738	N/A	N/A	N/A
6/30/2018	35,766	3,497	N/A	N/A	N/A
3/31/2018	35,352	3,265	2,526	3,151	N/A
12/31/2017	35,303	2,991	N/A	N/A	N/A
9/30/2017	35,284	2,695	N/A	N/A	N/A
6/30/2017	35,398	2,720	N/A	N/A	N/A
3/31/2017	35,556	2,800	N/A	1,998	N/A
12/31/2016	35,458	3,006	N/A	N/A	N/A
9/30/2016	34,790	2,981	N/A	N/A	N/A
6/30/2016	33,824	2,855	N/A	N/A	N/A
3/31/2016	32,173	2,605	N/A	2,971	N/A
12/31/2015	30,842	2,476	N/A	N/A	N/A
9/30/2015	30,445	2,381	N/A	N/A	N/A
6/30/2015	30,111	2,375	N/A	N/A	N/A
3/31/2015	30,347	2,343	N/A	2,460	N/A
12/31/2014	30,542	2,309	N/A	N/A	N/A
9/30/2014	31,163	2,216	N/A	N/A	N/A
6/30/2014	31,444	2,052	N/A	N/A	N/A
3/31/2014	31,059	1,930	N/A	3,956	N/A
12/31/2013	30,089	1,743	N/A	N/A	N/A
9/30/2013	29,291	1,675	N/A	N/A	N/A
6/30/2013	28,567	1,587	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSL's forecast earnings growth (18.4% per year) is above the savings rate (6.7%).

Earnings vs Market: FSL's earnings (18.4% per year) are forecast to grow faster than the Indian market (17.3% per year).

High Growth Earnings: FSL's earnings are forecast to grow, but not significantly.

Revenue vs Market: FSL's revenue (10.9% per year) is forecast to grow faster than the Indian market (9.8% per year).

High Growth Revenue: FSL's revenue (10.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FSL's Return on Equity is forecast to be high in 3 years time (20%)

Firstsource Solutions Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 9.8% to ₹210

Price target increased by 7.4% to ₹163

Price target increased by 15% to ₹148

Consensus EPS estimates increase by 20%

Price target decreased to ₹123

Price target decreased to ₹136

Recent updates

Full year 2024 earnings: EPS misses analyst expectations

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.

Firstsource Solutions Limited Approves Executive Appointments

Is It Too Late To Consider Buying Firstsource Solutions Limited (NSE:FSL)?

Now 21% overvalued after recent price rise

President & CFO recently sold ₹9.2m worth of stock

Now 21% overvalued after recent price rise

Insider recently sold ₹19m worth of stock

Now 24% overvalued after recent price rise

Is Firstsource Solutions Limited (NSE:FSL) Expensive For A Reason? A Look At Its Intrinsic Value

Insider recently sold ₹10m worth of stock

Upcoming dividend of ₹3.50 per share at 1.7% yield

Price target increased by 9.8% to ₹210

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Firstsource Solutions Limited Approves Appointment of Aniket Maindarkar as Chief Marketing Officer (Senior Management Personnel)

Firstsource Solutions Limited to Report Q3, 2024 Results on Feb 07, 2024

Is Firstsource Solutions Limited (NSE:FSL) Potentially Undervalued?

Investors Aren't Buying Firstsource Solutions Limited's (NSE:FSL) Earnings

Insider recently sold ₹19m worth of stock

Insider recently sold ₹19m worth of stock

Does Firstsource Solutions (NSE:FSL) Have A Healthy Balance Sheet?

Insider recently sold ₹105m worth of stock

Return Trends At Firstsource Solutions (NSE:FSL) Aren't Appealing

Second quarter 2024 earnings: EPS misses analyst expectations

Firstsource Solutions Limited to Report Q2, 2024 Results on Nov 08, 2023

President & CFO recently sold ₹8.5m worth of stock

High number of new directors

Insider recently sold ₹1.6m worth of stock

President & CFO recently sold ₹8.5m worth of stock

When Should You Buy Firstsource Solutions Limited (NSE:FSL)?

Insider recently sold ₹4.0m worth of stock

Price target increased by 7.4% to ₹163

Firstsource Solutions Limited Announces CEO Changes

Chief Operating Officer recently sold ₹2.2m worth of stock

MD, CEO & Executive Director recently sold ₹26m worth of stock

Price target increased by 15% to ₹148

Firstsource Solutions Limited Launches First Sense AI

Firstsource Solutions Limited Appoints Aftab Javed as Chief Human Resource Officer

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Returns At Firstsource Solutions (NSE:FSL) Appear To Be Weighed Down

Firstsource Solutions Limited to Report Q1, 2024 Results on Aug 02, 2023

New minor risk - Insider selling

Chief Operating Officer recently sold ₹10m worth of stock

President & CFO recently sold ₹3.4m worth of stock

Is Firstsource Solutions Limited (NSE:FSL) Expensive For A Reason? A Look At Its Intrinsic Value

President & CFO recently sold ₹1.4m worth of stock

Insider recently sold ₹113k worth of stock

Investor sentiment improves as stock rises 15%

Full year 2023 earnings: EPS exceeds analyst expectations

Insider recently sold ₹6.0m worth of stock

Is Firstsource Solutions (NSE:FSL) Using Too Much Debt?

Upcoming dividend of ₹3.50 per share at 2.9% yield

Consensus EPS estimates increase by 20%

Firstsource Solutions (NSE:FSL) Has Affirmed Its Dividend Of ₹3.50

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Firstsource Solutions Limited Declares an Interim Dividend for the Financial Year Ending March 31, 2023

Return Trends At Firstsource Solutions (NSE:FSL) Aren't Appealing

Firstsource Solutions Limited to Report Q3, 2023 Results on Feb 02, 2023

Firstsource Solutions (NSE:FSL) Ticks All The Boxes When It Comes To Earnings Growth

Firstsource Solutions Limited (NSE:FSL) Shares Could Be 26% Above Their Intrinsic Value Estimate

Firstsource Solutions (NSE:FSL) Seems To Use Debt Quite Sensibly

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Firstsource Solutions Limited to Report Q2, 2023 Results on Nov 02, 2022

Insider recently sold ₹4.3m worth of stock

Now 21% undervalued

Insider recently sold ₹1.9m worth of stock

Insider recently sold ₹3.1m worth of stock

Now 22% undervalued

These 4 Measures Indicate That Firstsource Solutions (NSE:FSL) Is Using Debt Reasonably Well