Firstsource Solutions Ltd

Firstsour.Solu. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Firstsource Solutions Ltd

₹ 164 -0.61%
28 Sep - close price
firstsource.com BSE: 532809 NSE : FSL
About

Firstsource Solutions Limited is a leading player in the Business Process Management (BPM) industry. Part of the RP-Sanjiv Goenka Group, Firstsource provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media and Technology, and other diverse industries. The company has the philosophy of 'Digital First, Digital Now' [1]

Key Points

Business Verticals FY23
Digitally Empowered Customer Experience
(DECX) (~49%)[1]
DECX empowers clients with bespoke solutions that shape customer experiences across every touchpoint. It offers services in Media, Mortgage, Heathcare, and Banking sectors

Website BSE NSE
  • Market Cap ₹ 11,505 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 175 / 95.8
  • Stock P/E 20.7
  • Book Value ₹ 48.0
  • Dividend Yield 2.14 %
  • ROCE 15.1 %
  • ROE 16.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 50.2%

Cons

  • The company has delivered a poor sales growth of 11.2% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
1,062 1,188 1,365 1,463 1,485 1,429 1,464 1,544 1,472 1,488 1,505 1,557 1,529
895 1,000 1,155 1,229 1,246 1,190 1,226 1,299 1,291 1,296 1,295 1,313 1,289
Operating Profit 167 188 210 234 238 239 238 245 181 192 210 244 240
OPM % 16% 16% 15% 16% 16% 17% 16% 16% 12% 13% 14% 16% 16%
-0 2 1 -112 -0 1 0 -0 6 49 62 13 2
Interest 13 12 13 14 15 16 15 19 19 20 20 21 25
Depreciation 50 52 51 53 58 60 62 70 64 66 69 64 61
Profit before tax 103 125 148 55 165 164 161 156 105 155 184 172 155
Tax % 14% 16% 18% 16% 19% 18% 16% 15% 19% 16% 14% 18% 19%
89 105 121 47 134 135 135 132 85 129 158 141 126
EPS in Rs 1.28 1.52 1.74 0.67 1.93 1.94 1.94 1.90 1.22 1.85 2.26 2.02 1.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,255 2,819 3,106 3,035 3,217 3,556 3,535 3,826 4,099 5,078 5,921 6,022 6,079
2,059 2,525 2,735 2,645 2,819 3,109 3,064 3,274 3,445 4,239 4,939 5,165 5,193
Operating Profit 196 293 371 390 398 447 471 552 654 839 982 858 886
OPM % 9% 10% 12% 13% 12% 13% 13% 14% 16% 17% 17% 14% 15%
39 46 2 7 9 3 5 4 9 -114 1 131 126
Interest 69 92 94 80 61 54 53 46 83 87 86 110 86
Depreciation 89 88 76 72 61 59 66 74 185 206 249 263 261
Profit before tax 76 159 203 244 286 337 358 436 394 432 647 615 666
Tax % 18% 8% 5% 4% 9% 17% 9% 13% 14% 16% 17% 16%
62 146 193 234 261 279 327 378 340 362 537 514 555
EPS in Rs 1.44 2.23 2.92 3.52 3.87 4.11 4.76 5.47 4.90 5.20 7.69 7.33 7.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 32% 37% 51% 58% 45% 47%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 14%
TTM: 3%
Compounded Profit Growth
10 Years: 14%
5 Years: 10%
3 Years: 15%
TTM: 14%
Stock Price CAGR
10 Years: 24%
5 Years: 21%
3 Years: 32%
1 Year: 58%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 17%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
431 658 660 666 673 681 687 691 694 696 697 697
Reserves 999 1,056 1,432 1,422 1,104 1,347 1,665 2,030 2,072 2,103 2,336 2,670
2,112 1,276 1,189 1,031 891 965 667 557 1,356 1,194 1,784 1,393
390 382 409 306 286 316 352 352 393 789 796 785
Total Liabilities 3,931 3,372 3,689 3,427 2,954 3,309 3,371 3,630 4,514 4,783 5,613 5,545
2,498 2,514 2,730 2,444 2,022 2,068 2,080 2,223 2,871 2,998 3,744 3,716
CWIP 9 2 0 8 2 4 2 2 0 0 3 3
Investments 80 3 5 73 85 163 34 134 12 94 130 71
1,345 853 953 901 845 1,074 1,255 1,271 1,630 1,691 1,736 1,754
Total Assets 3,931 3,372 3,689 3,427 2,954 3,309 3,371 3,630 4,514 4,783 5,613 5,545

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 199 396 246 297 200 315 400 410 976 704 795
-476 583 -13 -104 -101 -233 96 -203 10 -344 -594 17
333 -881 -286 -246 -207 4 -327 -273 -277 -689 -158 -743
Net Cash Flow -137 -98 96 -105 -11 -30 84 -76 143 -58 -49 69

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 50 35 35 34 31 39 37 50 61 59 63
Inventory Days
Days Payable
Cash Conversion Cycle 57 50 35 35 34 31 39 37 50 61 59 63
Working Capital Days -152 0 -6 5 -10 -7 1 31 47 17 35 27
ROCE % 4% 7% 9% 10% 12% 14% 13% 15% 13% 16% 17% 15%

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
53.82% 53.77% 53.72% 53.68% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66% 53.66%
7.17% 8.34% 10.45% 12.06% 10.64% 9.60% 7.79% 7.95% 8.41% 8.41% 8.95% 9.99%
13.96% 15.83% 14.31% 14.99% 13.79% 14.78% 14.75% 14.57% 13.26% 14.18% 15.06% 15.17%
22.85% 19.69% 19.08% 16.91% 19.45% 19.62% 21.36% 21.50% 22.25% 21.38% 20.09% 19.12%
2.19% 2.37% 2.44% 2.35% 2.46% 2.34% 2.44% 2.32% 2.42% 2.37% 2.24% 2.06%
No. of Shareholders 1,80,3321,81,8701,95,8772,07,5602,78,4352,94,1003,20,4993,28,0013,41,6633,28,7873,09,8912,95,283

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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