Firstsource Solutions Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, Firstsource Solutions stock has a consensus rating of "Buy" and an average price target of ₹293.86. The average 1-year stock price forecast is 22.27% higher than the current stock price, while the lowest is ₹225.00 (-6.38%) and the highest is ₹340.00 (+41.47%).

Price Target: ₹293.86 (+22.27%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹225.00	₹293.86	₹299.50	₹340.00
Change	-6.38%	+22.27%	+24.62%	+41.47%

* Price targets were last updated on Feb 4, 2026.

Analyst Ratings

The average analyst rating for Firstsource Solutions stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	6	6	8	8	7	9
Buy	3	4	3	3	4	4
Hold	1	1	1	1	1	0
Sell	3	2	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	13	13	13	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bhupendra Tiwary ICICI Securities	ICICI Securities	Hold Maintains ₹350.00 → ₹330.00	Hold	Maintains	₹350.00 → ₹330.00	+37.31%	Feb 4, 2026

Financial Forecast

Revenue This Year

111.83B

from 95.56B

17.02%

from 95.56B

Revenue Next Year

123.44B

from 111.83B

10.38%

from 111.83B

EPS This Year

13.56

from 10.67

27.19%

from 10.67

EPS Next Year

15.75

from 13.56

16.11%

from 13.56

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	59.21B	60.22B	63.36B	79.80B	95.56B	111.83B
Revenue Growth	16.60%	1.71%	5.21%	25.95%	19.75%	17.02%
Gross Profit	19.05B	20.88B	23.59B	28.88B	39.66B	46.97B
Gross Margin	32.18%	34.67%	37.23%	36.19%	41.50%	42.00%
Operating Income	7.10B	5.63B	6.96B	8.81B	11.22B	13.89B
Net Income	5.37B	5.14B	5.15B	5.94B	6.74B	9.60B
EPS	-	-	-	-	10.67	13.56
EPS Growth	-	-	-	-	28.19%	27.19%
Forward PE	14.28	13.71	22.54	30.92	16.20	17.72
Dividend / Share	3.50	3.50	3.50	4.00	-	6.20
Free Cash Flow	2.52B	6.49B	3.82B	2.54B	9.44B	8.93B
No. Analysts	-	-	-	-	-	14

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	114.2B
Avg	111.8B
Low	110.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	19.5%
Avg	17.0%
Low	15.4%

EPS Forecast

EPS	2027	2028	2029
High	14.30
Avg	13.56
Low	12.80

EPS Growth

EPS Growth	2027	2028	2029
High	34.1%
Avg	27.2%
Low	20.0%