Firstsource Solutions Future Growth

Future criteria checks 5/6

Firstsource Solutions is forecast to grow earnings and revenue by 23% and 13.9% per annum respectively. EPS is expected to grow by 22.6% per annum. Return on equity is forecast to be 22.7% in 3 years.

Key information

23.0%

Earnings growth rate

22.6%

EPS growth rate

Professional Services earnings growth	18.4%
Revenue growth rate	13.9%
Future return on equity	22.7%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

Firstsource Solutions Limited (NSE:FSL) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹352

Oct 31

Firstsource Solutions Limited Just Missed EPS By 5.9%: Here's What Analysts Think Will Happen Next

Aug 02

Firstsource Solutions Limited (NSE:FSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Jul 03

Here's What Analysts Are Forecasting For Firstsource Solutions Limited (NSE:FSL) After Its Yearly Results

May 07

Recent updates

Firstsource Solutions Limited's (NSE:FSL) 27% Jump Shows Its Popularity With Investors

Nov 07

Firstsource Solutions Limited (NSE:FSL) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹352

Oct 31

A Look At The Fair Value Of Firstsource Solutions Limited (NSE:FSL)

Oct 30

Should You Investigate Firstsource Solutions Limited (NSE:FSL) At ₹315?

Sep 24

Earnings Tell The Story For Firstsource Solutions Limited (NSE:FSL) As Its Stock Soars 26%

Aug 19

Firstsource Solutions Limited Just Missed EPS By 5.9%: Here's What Analysts Think Will Happen Next

Aug 02

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

Jul 30

Firstsource Solutions Limited (NSE:FSL) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable

Jul 05

Firstsource Solutions Limited (NSE:FSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Jul 03

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

Jun 14

Returns On Capital At Firstsource Solutions (NSE:FSL) Have Hit The Brakes

Jun 02

Here's What Analysts Are Forecasting For Firstsource Solutions Limited (NSE:FSL) After Its Yearly Results

May 07

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

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	102,446	10,152	9,687	12,726	10
3/31/2026	90,672	8,248	8,041	10,889	10
3/31/2025	78,419	6,238	6,039	9,244	10
9/30/2024	69,835	5,357	5,016	7,100	N/A
6/30/2024	65,981	5,240	N/A	N/A	N/A
3/31/2024	63,362	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	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSL's forecast earnings growth (23% per year) is above the savings rate (6.7%).

Earnings vs Market: FSL's earnings (23% per year) are forecast to grow faster than the Indian market (18.1% per year).

High Growth Earnings: FSL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FSL's revenue (13.9% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: FSL's revenue (13.9% 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 (22.7%)

Firstsource Solutions Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Firstsource Solutions Limited (NSE:FSL) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹352

Price target increased by 9.3% to ₹352

Firstsource Solutions Limited Just Missed EPS By 5.9%: Here's What Analysts Think Will Happen Next

Firstsource Solutions Limited (NSE:FSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Here's What Analysts Are Forecasting For Firstsource Solutions Limited (NSE:FSL) After Its Yearly Results

Price target increased by 9.8% to ₹210

Recent updates

President of Healthcare & Lifesciences recently sold ₹86m worth of stock

Insider recently sold ₹20m worth of stock

Firstsource Solutions Limited's (NSE:FSL) 27% Jump Shows Its Popularity With Investors

Firstsource Solutions Limited (NSE:FSL) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹352

Price target increased by 9.3% to ₹352

A Look At The Fair Value Of Firstsource Solutions Limited (NSE:FSL)

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 23% overvalued after recent price rise

Firstsource Solutions Limited Announces Resignation of Mr. Akash Pugalia as President - Global Trust & Safety, Effective October 15, 2024

Firstsource Solutions Limited to Report Q2, 2025 Results on Oct 28, 2024

Firstsource Solutions Limited to Report First Half, 2025 Results on Oct 28, 2024

President of Healthcare & Lifesciences recently sold ₹9.2m worth of stock

Now 20% overvalued after recent price rise

Firstsource Solutions Limited (NSEI:FSL) acquired Ascensos Limited.

Should You Investigate Firstsource Solutions Limited (NSE:FSL) At ₹315?

Insider recently sold ₹19m worth of stock

Insider recently sold ₹3.3m worth of stock

Investor sentiment improves as stock rises 18%

Earnings Tell The Story For Firstsource Solutions Limited (NSE:FSL) As Its Stock Soars 26%

Chief Financial Officer recently sold ₹30m worth of stock

Firstsource Solutions Limited Just Missed EPS By 5.9%: Here's What Analysts Think Will Happen Next

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Firstsource Solutions Limited Launches Firstsource relAI to Drive Digital Transformation for Clients

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

Now 23% overvalued after recent price rise

Firstsource Solutions Limited to Report Q1, 2025 Results on Jul 30, 2024

Investor sentiment improves as stock rises 17%

Firstsource Solutions Limited (NSE:FSL) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable

Firstsource Solutions Limited (NSE:FSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Full year 2024 earnings: EPS misses analyst expectations

Firstsource Solutions Limited, Annual General Meeting, Jul 30, 2024

SVP & CAO - Administration recently sold ₹10.0m worth of stock

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

Firstsource Solutions Limited Announces Change in Management

President & CFO recently sold ₹18m worth of stock

Now 21% overvalued

Chief Operating Officer recently sold ₹780k worth of stock

Returns On Capital At Firstsource Solutions (NSE:FSL) Have Hit The Brakes

Chief of Staff & SVP of CEO's Office recently sold ₹20m worth of stock

Now 22% overvalued

Firstsource Solutions Limited Announces Retirement of Anjani K. Agrawal as Independent Director

Here's What Analysts Are Forecasting For Firstsource Solutions Limited (NSE:FSL) After Its Yearly Results

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