NSE: FSL | BSE: 532809

Mid-range Performer

Download real time

356.85 1.95 (0.55%)

57.47% Gain from 52W Low

422.5K NSE+BSE Volume

NSE 17 Jul, 2025 3:31 PM (IST)

24,872.1

Market Cap

Market Leader

1.2

Beta 1Year

Very 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.

Firstsource Solutions Ltd.

05 Feb 2020

356.85

0.55%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Firstsource reported a strong quarter with operating revenue witnessing growth of 7.5% QoQ. Growth was driven by the mortgage business (19% of revenue, 34.4% QoQ growth) and collections business (10% of revenue, 4.5% growth). Top customer (19.5% of revenue) also witnessed healthy revival in growth with 5.9% sequential growth after consistent pressure in last few quarters. As per the management, some amount of stability has started to come in the top client with ramp up in smaller projects within the client. Going forward, the management cited strong seasonality to play in...

Firstsource Solutions Ltd. is trading below its 30 day SMA of 372.7

Firstsource Solutions Ltd.

05 Aug 2019

356.85

0.55%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Growth to be driven by collection, mortgage & digital Growth in the quarter was led by US mortgage business and momentum in some large clients in BFSI. As indicated by the management, growth visibility pertains to at least next two quarters in the mortgage business. In addition to this, BFSI, collection business and healthcare provider are expected to be one of the main drivers of growth going into FY20E. Accelerating digital revenues (~10.5% of revenue in Q1FY20 vs. 9% in FY19) and the company's internal target of reaching 13-15% of revenues in FY20E...

Firstsource Solutions Ltd. is trading above its 200 day SMA of 354.4

Firstsource Solutions Ltd.

05 Feb 2019

356.85

0.55%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

EBITDA margins declined 10 bps QoQ to 13.8% (vs. our estimate 14.6%) mainly on account of higher other expenses (up 9.1% QoQ) Reported PAT rose 5.7% QoQ to | 98.1 crore mainly on the back of lower tax rate (11.4% as percentage of PBT vs. 14.4% in Q2FY19) In-sourcing by top client, payer ramp down to impact FY19E topline Rupee revenues grew 3.2% QoQ but were below our expectations. This was mainly due to continuous headwinds in healthcare payer business impacting top 2-5 client growth (declined 5.7% QoQ). Further, revenue...

Firstsource Solutions Ltd. has gained 40.49% in the last 1 Year

Firstsource Solutions Ltd.

02 Nov 2018

356.85

0.55%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Revenues from operations grew 3.9% QoQ to | 954.7 crore (above our 2.3% de-growth and | 897.5 crore estimate) mainly led by rupee depreciation and higher growth in non-top five clients. Geographically, the US reported healthy 6.1% QoQ growth while vertically BFSI led growth & reported 6.9% QoQ growth The EBITDA margin remained flat QoQ at 13.9% mainly led by higher...

Firstsource Solutions Ltd. is trading below its 30 day SMA of 372.7

Firstsource Solutions Ltd.

07 Aug 2018

356.85

0.55%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues from operations grew 2.4% QoQ to | 919.1 crore, above our 1.4% de-growth and | 885.1 crore estimate. Revenues in constant currency grew 1.1% sequentially At 13.9%, EBITDA margins contracted ~80 bps QoQ, above our 13.5% and 130 bps decline estimate. The better-than-expected...

Number of FII/FPI investors decreased from 269 to 248 in Jun 2025 qtr

Firstsource Solutions Ltd.

08 May 2018

356.85

0.55%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues from operations grew 1.1% QoQ to | 897.3 crore and were below our 4.9% growth and | 930.4 crore estimate At 14.8%, EBITDA margins expanded 170 bps QoQ and were way above our 13.5% and 40 bps expansion estimate. Healthy margin expansion took place on account of lower-than-expected employee expenses (67.2% as a percentage of revenue vs. 68% expectation) and lower other expenses (down 2.7% QoQ)...

Firstsource Solutions Ltd. is trading below its 30 day SMA of 372.7

Firstsource Solutions Ltd.

08 Feb 2018

356.85

0.55%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues from operations grew 1.6% QoQ to | 887.2 crore and was above our 1% de-growth and | 864.4 crore estimate At 13.1%, EBITDA margins expanded 50 bps QoQ and was above our 12.8% and 20 bps expansion estimate. Margin expansion came...

Firstsource Solutions Ltd. has gained 40.49% in the last 1 Year

Firstsource Solutions Ltd.

03 Nov 2017

356.85

0.55%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Revenues from operations declined marginally by 0.6% QoQ to | 872.9 crore and was above our | 849.8 crore estimate At 12.6%, EBITDA margins expanded 110 bps QoQ and were in line with our 12.5% and 100 bps expansion estimate. Margin expansion...

Firstsource Solutions Ltd. is trading below its 30 day SMA of 372.7

Firstsource Solutions Ltd.

02 Nov 2017

356.85

0.55%

Firstsource Sol

Hold: Firstsource Solutions Ltd.

Sharekhan

(FSL) are not strictly comparable on QoQ basis as the company divested some of its domestic businesses during Q1FY2018. During Q2FY18, FSL reported another quarter of better-thanexpected operating performance against our modest estimates for Q2FY2018. Operating profit margin (OPM) improved by 110BPS QoQ (ahead of our estimates) despite Rs 3.5 crore (one-off) shutdown costs relating to domestic...

Firstsource Solutions Ltd. has gained 40.49% in the last 1 Year

Firstsource Solutions Ltd.

09 Aug 2017

356.85

0.55%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Firstsource's results were largely in line with our expectations. Revenues from operations declined 1.6% QoQ to | 877.7 crore, lower than our flat growth and | 892.3 crore estimate At 11.5%, EBITDA margins expanded 40 bps QoQ and were above...

Firstsource Solutions Ltd. is trading below its 30 day SMA of 372.7

Is Firstsource Solutions Ltd. worth buying?

1081 Votes:

Buy 81.5%

Sell 9.81%

Hold 8.7%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Sell SEE REPORTS >

pdf