NSE: FSL | BSE: 532809

Mid-range Performer

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255.00 -13.00 (-4.85%)

36.85% Fall from 52W High

799.5K NSE+BSE Volume

NSE 08 Jun, 2026 10:17 AM (IST)

17,785

Market Cap

Market Leader

Beta 1Year

High Volatility

Firstsource Solutions Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FSL, BSE:532809 Firstsource Solutions Ltd.

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Firstsource Solutions Ltd.

07 May 2026, 12:00AM

255.00

-4.85%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Recommendation Target

ICICI Direct

Q4FY26 & FY26 Performance: Revenues came at US$ 283 mn, up 3.3% QoQ/ 13.2% YoY (3% QoQ & 11.6% YoY in CC terms). EBIT margins 12.2%, was up ~30 bps QoQ. Reported PAT at 205.2 crore, was up 70.6% QoQ/27.7% YoY. For FY26, revenue stood at US$ 1,081 mn, up 13.6% YoY CC. EBIT margins at 11.7% was up ~70 bps...

Firstsource Solutions has lost -26.51% in the last 6 Months

Firstsource Solutions Ltd.

07 May 2026, 12:00AM

255.00

-4.85%

Firstsource Solutions (BUY): Full stack intelligence operator aspiring for a new positioning

Buy: Firstsource Solutions Ltd.

Target

BOB Capital Markets Ltd.

4Q revenue fell short of estimates due to client specific issues. In the rapidly evolving services landscape, FSOL creates a new category

Firstsource Solutions has lost -31.75% in the last 1 Year

Firstsource Solutions Ltd.

04 Feb 2026

255.00

-4.85%

Firstsource Solutions

Hold: Firstsource Solutions Ltd.

Target

ICICI Direct

Strong deal engine and pipeline visibility, but growth quality still evolving: FSL demonstrated solid execution with 4.6% QoQ CC growth healthy doubledigit YoY growth, partially aided by new acquisition. Q3 saw 5 large deals (ACV >US$5 mn), 9 new logos including 5 strategic ones (potential of US$5mn revenue run-rate annually), and an exit pipeline above US$1 bn, while 60% of strategic logos over eight quarters scaled toward US$5mn run-rate relationships. However, BFSI and Healthcare were sequentially soft and nearterm optics are affected by provider account rationalization in healthcare segment (~50 bps FY26 revenue impact), suggesting reported momentum may remain uneven despite healthy underlying demand. Accordingly, we expect...

Firstsource Solutions has lost -26.51% in the last 6 Months

Firstsource Solutions Ltd.

04 Feb 2026

255.00

-4.85%

Firstsource Solutions (BUY): Delivering on 2H driven growth

Buy: Firstsource Solutions Ltd.

Target

BOB Capital Markets Ltd.

FY26 organic revenue growth guidance at top end reduced by 100bps on account rationalization. Strong 4QFY26 exit likely

Firstsource Solutions Ltd. is trading below its 150 day SMA of 285.1

Firstsource Solutions Ltd.

06 Nov 2025

255.00

-4.85%

Firstsource Solutions

Hold: Firstsource Solutions Ltd.

Recommendation Target

ICICI Direct

About the stock: Firstsource Solutions (FSL) provides business process services to BFSI, communication, media, tech and healthcare. FSL is a domain driven BPM services company which has 200+ global clients, including several Fortune-500...

Firstsource Solutions Ltd. is trading below its 150 day SMA of 285.1

Firstsource Solutions Ltd.

06 Nov 2025

255.00

-4.85%

Firstsource Solutions (BUY): Steady 2QFY26, Acceleration likely in 2HFY26

Buy: Firstsource Solutions Ltd.

Target

BOB Capital Markets Ltd.

2QFY26 revenue tad weaker than expected. EBIT margin in line. FY26 guidance maintained. Revenue acceleration likely in 2HFY26

Firstsource Solution.. has an average target of 313.00 from 3 brokers.

Firstsource Solutions Ltd.

05 Nov 2025

255.00

-4.85%

Balanced quarter; growth to accelerate in H2

Sell: Firstsource Solutions Ltd.

Emkay

Firstsource (FSOL) reported a largely in-line operating performance in Q2. Revenue grew 2.3% QoQ to USD265mn (2.0% CC), a tad below our estimate.

Firstsource Solutions Ltd. is trading below its 150 day SMA of 285.1

Firstsource Solutions Ltd.

08 Sep 2025, 12:00AM

255.00

-4.85%

Aspires to sustain double-digit revenue growth

Sell: Firstsource Solutions Ltd.

Target

Emkay

We attended RPSG Group’s ‘Investor Day’, to understand Firstsource Solutions (FSOL)’s growth strategy and outlook. FSOL’s growth strategy encompassing the ‘OneFirstsource’ framework with focus on seven strategic
levers and its UnBPO approach (shifts focus from labor arbitrage to tech arbitrage) has started yielding early results, as reflected in the revenue growth acceleration, deal intake, and pipeline.

Firstsource Solutions has lost -26.51% in the last 6 Months

Firstsource Solutions Ltd.

31 Jul 2025

255.00

-4.85%

Firstsource Solutions (BUY): Top decile growth in FY26 likely. FY25-FY28 EPS growth leader

Buy: Firstsource Solutions Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Retains its industry leading revenue growth outlook for FY26. Ups the lower end of the band. Strong order inflow and new logo addition helps

Firstsource Solutions has lost -31.75% in the last 1 Year

Firstsource Solutions Ltd.

20 Jul 2025

255.00

-4.85%

Acquisition to help expand presence in UK collection business

Sell: Firstsource Solutions Ltd.

Target

Emkay

FSOL has signed an agreement for acquiring Pastdue Credit Solutions (PDC) – a UK-headquartered debt collection agency serving UK’s several market-leading companies, including banks, utility firms, telecom players, and government bodies – for a cash consideration of £22mn (1.3x P/S on FY24 basis).

Firstsource Solution.. has an average target of 313.00 from 3 brokers.

Is Firstsource Solutions Ltd. worth buying?

1101 Votes:

Buy 81.56%

Sell 9.81%

Hold 8.63%

RESEARCH REPORTS

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