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Firstsource Solutions Ltd

Updated on November 11, 2019

Stock/Share Code - FSL

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)

Below is the details of FSL Firstsource Solutions Ltd

Market Cap₹3,347 Cr.
Current Price ₹41.25 as on 15 Nov 19
52 Week High / Low Price₹77.3 / ₹39.2
Face Value₹10
Stock P/E16.70
Book Value₹32.89
Dividend Yield4.13 %
ROCE10.03 %
ROE8.93 %
Sales Growth (3yrs)-4.25 %
SectorIT - Software
IndustryComputers - Software - Medium / Small
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Stock is providing a good dividend yield of 4.13%. Company has been maintaining a healthy dividend payout of 41.03%
Cons: The company has delivered a poor growth of -3.49% over past five years. Tax rate seems low Company has a low return on equity of 9.23% for last 3 years.

Firstsource Solutions Ltd Price Chart

Firstsource Solutions Ltd Price Chart

Firstsource Solutions Ltd Peer Comparison in IT - Software

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. L & T Infotech ₹97.6 18.71 ₹28,257.4 Cr. 1.72 ₹355.8 Cr. -1.52 15.27 2484.90 46.57
2. L&T Technology ₹97.6 22.37 ₹16,864.06 Cr. 1.30 ₹198 Cr. 37.21 15.98 1245.70 42.42
3. Hexaware Tech. ₹336 19.28 ₹11,547.16 Cr. 2.19 ₹151.35 Cr. 7.37 15.10 1308.34 33.16
4. Mindtree ₹693.25 16.46 ₹11,332.4 Cr. 4.78 ₹92.7 Cr. -41.40 11.88 1834.20 31.17
5. NIIT Tech. ₹102.5 22.76 ₹9,334.91 Cr. 0.00 ₹87.6 Cr. -2.80 16.71 962.70 29.83
6. Zensar Tech. ₹188.05 16.19 ₹4,954.2 Cr. 1.27 ₹74.51 Cr. -9.31 18.39 1071.02 23.63
7. Cyient ₹397.1 9.46 ₹4,629.79 Cr. 3.58 ₹90.5 Cr. 9.70 0.83 1089.00 23.60
8. Firstsour.Solu. 16.70 ₹3,347.24 Cr. 4.13 ₹48.56 Cr. 3.01 2.50 207.56 10.03

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Firstsource Solutions Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
YOY Sales Growth %1.98%8.24%14.87%9.76%-8.19%-14.53%-19.02%-16.87%-9.61%-9.42%-6.06%2.5%
Employee Cost %50.48%48.21%47.01%49.52%49.61%47.16%46.23%46.58%49.64%48.81%55.03%49.18%
Operating Profit526265615464566149522570
OPM %23%25%27%25%25%30%29%30%26%27%14%34%
Other Income0735521234535
Profit before tax486065595161495746497155
Tax %12%12%16%14%14%16%5%18%12%7%7%11%
Net Profit425355514451464740466649
EPS in Rs0.630.780.800.740.640.750.680.690.580.660.950.70

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales Growth %14.15%12.06%19.55%6.23%7.3%16.78%4.15%-0.35%-4.29%7.45%-8.38%-10.82%%
Manufacturing Cost %8.09%9.05%8.76%4.42%4.81%9.67%9.23%10.34%10.55%9.64%8.6%8.66%%
Employee Cost %47.4%49.32%49.9%51.54%56.54%53.54%50.23%47.88%48.45%48.72%48.22%49.91%%
Other Cost %23.69%30.11%23.05%30.08%29.92%21.39%19.82%19%18.32%17.19%15.95%17.06%%
Operating Profit103641219866136190208198230235187195
OPM %21%12%18%14%9%15%21%23%23%24%27%24%25%
Other Income2327228561029315191815136264
Profit before tax4713627042117134160176219219223220
Tax %-23%-15%-8%5%-8%0%0%-2%14%14%12%11%
Net Profit5815676645117134164151188192199200
EPS in Rs1.350.351.571.541.051.782.042.462.252.772.802.882.89
Dividend Payout %0%0%0%0%0%0%0%0%0%0%54%69%

Compounded Sales Growth

  • 10 Years:: 3.33%
  • 5 Years:: -3.49%
  • 3 Years:: -4.25%
  • TTM:: -5.73%

Compounded Profit Growth

  • 10 Years:: 30.26%
  • 5 Years:: 8.18%
  • 3 Years:: 10.45%
  • TTM:: 6.33%

Return on Equity

  • 10 Years:: 8.79%
  • 5 Years:: 9.34%
  • 3 Years:: 9.23%
  • Last Year:: 8.93%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital427428429431431658660666673681687691
Equity Capital427.31428.19429.21430.64430.78657.67659.74666.29673.32681.31686.52691.07
Other Liabilities50513675194217268195100911189889
Trade Payables36.5671.0950.0659.7554.0747.6836.7226.1825.4134.9627.9932.22
Total Liabilities2,1452,4222,2702,4522,2931,6201,7691,9632,0562,3032,2492,380
Fixed Assets10913711115713796865839555672
Gross Block295.7375.45395.06489.64485.35503.06517.03534.25430.77451.71326.21308.12
Accumulated Depreciation186.98238.63284.05332.21348.83406.65431.43475.77391.81396.24270.29236.54
Other Assets3294141,0421,189963354510658748901974992
Trade receivables108.67143.6799.43152.99155.282.72185.24233.55319.56371.93564.74432.89
Cash Equivalents31.1815.3111.84147.56556.3325.3328.7826.136.315.7114.3613.13
Loans n Advances189.24254.78930.84787.42122.4193.62111.25192.26268.7374.13287.77387.72
Other Assets etc000101.12128.76151.94185.1206.22123.56138.84107.55158.49
Total Assets2,1452,4222,2702,4522,2931,6201,7691,9632,0562,3032,2492,380

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity83471577892330-1751777841221
Profit from operations100.7787.92118.3698.4777.59186.83210.34277.02188.71222211.8249.14
Working Capital Changes-8.04-27.2753.985.3946.5164.38-188.65-194.2-69.53-107.16-111.7916.59
Taxes paid-10.07-13.77-14.94-25.37-32.53-21.25-39.06-32.24-42.33-36.51-58.94-44.52
Cash from Investing Activity-1,306-61-88282226000-51-21-105124-106
Fixed Assets Purchased000-25.29-39.1-16.22-2.640-16.17-31.31-21.86-42.58
Fixed Assets Sold0.644.323.520.841.3601.6610.030.850.652.070.54
Investments purchased-1126.39-457.94-1125.47-1770.14-880.85-907.660-781.86-3.86-1431.73-1250.62-1408.25
Investments sold1225.9479.111052.281753.24955.69989.920.57720.9201359.941380.921342.38
Cash from Financing Activity1,014-2-7329-395-97020-3-456-166-117
Proceeds from Shares02.3401.850.25266.242.6511.2611.7115.7810.1414.24
Proceeds from Borrowings1088.38133.272.3643.3436.5000012.4600
Repayment of Borrowings-50.96-136.3-62.67-1.78-424.9700000-61.930
Interest Paid-2.18-1.42-15.37-13.92-6.62-4.96-9.22-15.13-9.07-6.67-6.63-1.58
Dividends Paid00000000000-124.23
Net Cash Flow-210-16-3136-82-413-310-21-1-1

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %5%14%4%4%5%10%10%10%9%11%10%10%
Debtor Days8095557975347493133144239206
Inventory Turnover

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