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	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	203,241	141,499	235,099	135,927	72,085	85,320
Market Cap Growth	-16.61%	-39.81%	72.96%	88.56%	-15.51%	8.10%
Enterprise Value	228,284	162,170	255,228	148,871	84,251	95,734
Last Close Price	289.15	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	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	28.60	20.98	39.55	26.41	14.03	15.88
Forward PE	19.18	16.20	30.92	22.54	13.71	14.28
PS Ratio	1.89	1.48	2.95	2.15	1.20	1.44
PB Ratio	4.10	3.23	5.74	3.67	2.14	2.81
P/TBV Ratio	45.82	-	80.25	21.01	22.50	44.76
P/FCF Ratio	22.50	13.90	51.12	24.32	9.72	13.79
P/OCF Ratio	17.89	11.66	33.53	21.11	9.07	12.13
PEG Ratio	1.08	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	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	2.13	1.70	3.20	2.35	1.40	1.62
EV/EBITDA Ratio	13.00	12.70	25.28	18.65	12.42	11.94
EV/EBIT Ratio	17.39	14.45	28.98	21.38	14.96	13.48
EV/FCF Ratio	25.32	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	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.60	0.67	0.63	0.42	0.43	0.60
Debt / EBITDA Ratio	1.69	1.92	2.18	1.64	1.79	1.95
Debt / FCF Ratio	3.29	2.89	5.64	2.76	1.94	2.94
Net Debt / Equity Ratio	0.51	0.60	0.58	0.36	0.37	0.53
Net Debt / EBITDA Ratio	1.70	2.06	2.35	1.67	1.81	2.02
Net Debt / FCF Ratio	2.82	2.59	5.16	2.38	1.66	2.62
Asset Turnover	1.17	1.11	1.14	1.08	1.06	1.12
Quick Ratio	0.76	0.71	0.81	0.86	0.83	0.79
Current Ratio	0.89	0.79	0.92	0.94	0.90	0.93
Return on Equity (ROE)	15.66%	15.90%	15.25%	14.56%	16.05%	18.40%
Return on Assets (ROA)	8.96%	8.13%	7.86%	7.41%	6.19%	8.43%
Return on Invested Capital (ROIC)	13.98%	13.20%	12.29%	11.82%	10.17%	13.94%
Return on Capital Employed (ROCE)	21.30%	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	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	3.50%	4.77%	2.53%	3.79%	7.13%	6.30%
FCF Yield	4.44%	7.20%	1.96%	4.11%	10.29%	7.25%
Dividend Yield	1.87%	2.68%	1.17%	1.77%	3.31%	2.79%
Payout Ratio	52.48%	56.36%	46.41%	46.74%	46.41%	44.36%
Buyback Yield / Dilution	0.07%	0.06%	-0.58%	0.01%	0.54%	-0.07%
Total Shareholder Return	1.98%	2.74%	0.60%	1.78%	3.85%	2.72%

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 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:

Nov 4, 2026

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