Firstsource Solutions Ltd

Firstsource Solutions is engaged in the business of providing customer management services like contact center, transaction processing and debt collection services including revenue cycle management in the healthcare industry.(Source : 201903 Annual Report Page No: 102)

  • Market Cap: 5,206 Cr.
  • Current Price: 74.95
  • 52 weeks High / Low 78.40 / 20.10
  • Book Value: 29.73
  • Stock P/E: 26.80
  • Dividend Yield: 3.34 %
  • ROCE: 9.80 %
  • ROE: 8.15 %
  • Sales Growth (3Yrs): -0.01 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 3.34%.
Company has been maintaining a healthy dividend payout of 72.80%
Debtor days have improved from 196.70 to 145.06 days.
Promoter holding has increased by 0.89% over last quarter.
Cons:
Stock is trading at 2.52 times its book value
The company has delivered a poor growth of 0.56% over past five years.
Tax rate seems low
Company has a low return on equity of 8.70% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
212 211 194 202 192 191 183 208 221 252 260 251
158 147 139 142 143 139 158 138 170 180 184 166
Operating Profit 54 64 56 61 49 52 25 70 50 71 76 84
OPM % 25% 30% 29% 30% 26% 27% 14% 34% 23% 28% 29% 34%
Other Income 5 2 1 2 3 4 53 5 5 14 8 5
Interest 2 -1 3 0 0 0 0 3 4 5 4 4
Depreciation 5 6 6 6 6 6 7 16 17 18 19 19
Profit before tax 51 61 49 57 46 49 71 55 34 62 61 67
Tax % 14% 16% 5% 18% 12% 7% 7% 11% 12% 16% 16% 9%
Net Profit 44 51 46 47 40 46 66 49 30 52 51 61
EPS in Rs 0.64 0.75 0.68 0.69 0.58 0.66 0.95 0.70 0.43 0.76 0.74 0.88
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
553 662 703 754 881 917 914 875 940 861 768 940 983
490 541 605 688 745 727 706 676 710 627 581 672 701
Operating Profit 64 121 98 66 136 190 208 198 230 235 187 268 282
OPM % 12% 18% 14% 9% 15% 21% 23% 23% 24% 27% 24% 28% 29%
Other Income 272 28 56 102 93 15 19 18 15 13 62 31 31
Interest 270 35 27 66 53 18 21 9 7 7 2 16 16
Depreciation 52 52 57 60 58 53 46 32 19 22 24 71 73
Profit before tax 13 62 70 42 117 134 160 176 219 219 223 212 224
Tax % -15% -8% 5% -8% 0% 0% -2% 14% 14% 12% 11% 14%
Net Profit 15 67 66 45 117 134 164 151 188 192 199 182 194
EPS in Rs 0.35 1.57 1.54 1.05 1.78 2.04 2.46 2.25 2.77 2.80 2.88 2.62 2.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 54% 69% 95%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:3.57%
5 Years:0.56%
3 Years:-0.01%
TTM:27.18%
Compounded Profit Growth
10 Years:10.39%
5 Years:2.00%
3 Years:-1.46%
TTM:-3.10%
Stock Price CAGR
10 Years:10.43%
5 Years:22.93%
3 Years:20.77%
1 Year:49.30%
Return on Equity
10 Years:8.83%
5 Years:8.89%
3 Years:8.70%
Last Year:8.15%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
428 429 431 431 658 660 666 673 681 687 691 694
Reserves 515 560 492 449 575 720 962 1,100 1,318 1,448 1,588 1,371
Borrowings 1,343 1,206 1,335 1,196 120 194 235 193 186 16 11 175
136 75 194 217 268 195 100 91 83 98 81 126
Total Liabilities 2,422 2,270 2,452 2,293 1,620 1,769 1,963 2,056 2,268 2,249 2,372 2,366
137 111 157 137 96 86 58 39 55 56 72 249
CWIP 7 6 0 2 2 0 0 1 2 0 0 0
Investments 1,865 1,111 1,105 1,192 1,169 1,173 1,246 1,268 1,345 1,219 1,316 1,199
414 1,042 1,189 963 354 510 658 748 866 974 984 918
Total Assets 2,422 2,270 2,452 2,293 1,620 1,769 1,963 2,056 2,268 2,249 2,372 2,366

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
47 157 78 92 330 -17 51 77 78 41 222 388
-61 -88 28 222 600 0 -51 -21 -105 124 -106 78
-2 -73 29 -395 -970 20 -3 -45 6 -166 -117 -433
Net Cash Flow -16 -3 136 -82 -41 3 -3 10 -21 -1 -1 33

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 4% 4% 5% 10% 10% 10% 9% 11% 10% 10% 10%
Debtor Days 95 55 79 75 34 74 93 133 144 239 206 145
Inventory Turnover

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
54.82 54.57 54.47 54.32 54.17 54.13 54.12 53.96 53.95 53.92 53.90 53.89
6.70 5.93 7.64 10.86 12.87 11.34 9.84 9.35 10.19 9.44 9.52 8.07
6.12 6.24 7.14 8.71 9.04 8.94 9.14 10.61 10.88 11.58 12.36 12.68
32.36 33.25 30.75 26.11 23.92 25.59 26.90 26.07 24.98 25.06 23.85 23.37
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.36 2.00