Firstsource Solutions Limited (NSE:FSL)

Firstsource Solutions Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	182,710	141,499	235,099	135,927	72,085	85,320
Market Cap Growth	-28.35%	-39.81%	72.96%	88.56%	-15.51%	8.10%
Enterprise Value	209,064	162,170	255,228	148,871	84,251	95,734
Last Close Price	264.40	204.39	332.98	191.31	100.33	115.48

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	27.77	20.98	39.55	26.41	14.03	15.88
Forward PE	18.98	16.20	30.92	22.54	13.71	14.28
PS Ratio	1.82	1.48	2.95	2.15	1.20	1.44
PB Ratio	4.17	3.23	5.74	3.67	2.14	2.81
P/TBV Ratio	-	-	80.25	21.01	22.50	44.76
P/FCF Ratio	17.94	13.90	51.12	24.32	9.72	13.79
P/OCF Ratio	15.05	11.66	33.53	21.11	9.07	12.13
PEG Ratio	0.96	1.24	1.22	1.08	2.07	0.99

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	2.08	1.70	3.20	2.35	1.40	1.62
EV/EBITDA Ratio	12.86	12.70	25.28	18.65	12.42	11.94
EV/EBIT Ratio	17.29	14.45	28.98	21.38	14.96	13.48
EV/FCF Ratio	20.53	15.93	55.50	26.63	11.36	15.48

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.67	0.67	0.63	0.42	0.43	0.60
Debt / EBITDA Ratio	1.81	1.92	2.18	1.64	1.79	1.95
Debt / FCF Ratio	-	2.89	5.64	2.76	1.94	2.94
Net Debt / Equity Ratio	0.60	0.60	0.58	0.36	0.37	0.53
Net Debt / EBITDA Ratio	1.92	2.06	2.35	1.67	1.81	2.02
Net Debt / FCF Ratio	-	2.59	5.16	2.38	1.66	2.62
Asset Turnover	-	1.11	1.14	1.08	1.06	1.12
Quick Ratio	-	0.71	0.81	0.86	0.83	0.79
Current Ratio	-	0.79	0.92	0.94	0.90	0.93
Return on Equity (ROE)	-	15.90%	15.25%	14.56%	16.05%	18.40%
Return on Assets (ROA)	-	8.13%	7.86%	7.41%	6.19%	8.43%
Return on Invested Capital (ROIC)	13.50%	13.20%	12.29%	11.82%	10.17%	13.94%
Return on Capital Employed (ROCE)	-	19.20%	16.00%	15.70%	13.70%	17.00%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	3.67%	4.77%	2.53%	3.79%	7.13%	6.30%
FCF Yield	5.57%	7.20%	1.96%	4.11%	10.29%	7.25%
Dividend Yield	2.03%	2.69%	1.20%	1.83%	3.49%	3.03%
Payout Ratio	-	56.36%	46.41%	46.74%	46.41%	44.36%
Buyback Yield / Dilution	0.19%	0.06%	-0.58%	0.01%	0.54%	-0.07%
Total Shareholder Return	2.22%	2.75%	0.62%	1.84%	4.03%	2.96%

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

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