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Firstsource Solutions Ltd

Company details

117.70
121.20
93.00
152.20
6M Return 14.52%
1Y Return -17.55%
Mkt Cap.(Cr) 8,384.80
Volume 189,365
Div Yield 2.94%
OI
-
OI Chg %
-
Volume 189,365

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About The Stock

    Firstsource Solutions (FSL) provides business process services to BFSI, communication, media, tech and healthcare.

    • The company generates 70% revenues from the US and 27% from the UK
    • FSL is a domain driven BPM company, which has 150+ clients, including 17 Fortune 500 companies and nine FTSE 100 companies. The company has 26,557 employees across the US, UK, India and Philippines

Q4FY22

    FSL reported weak numbers on the margins front.

    • US$ revenues increased 5.4% QoQ to US$205.5 million (mn); growth driven by recent acquisitions in our view
    • EBIT declined 60 bps QoQ to 11.3%
    • The company expects mortgage business to decline 40% in FY23

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Research view on more stocks

Firstsource Solutions Ltd.

Q3FY23 Quarterly Result Announced for Firstsource Solutions Ltd.

Software and Services firm Firstsource Solutions announced Q3FY23 results:

Q3FY23:

  • Revenues at Rs 15,049 million (US$ 183 million), YoY growth of 2.8% and degrowth of 0.3% in CC
  • Operating margin at Rs 1,409 million or 9.4% of revenues
  • Profit After Tax (PAT) at Rs 1,579 million or 10.5% of revenues
  • Diluted Earnings Per Share (EPS) of Rs 2.25
  • Board has recommended an interim dividend of Rs 3.50 per share

9MFY23:

  • Revenues at Rs 44,655million (US$ 561 million), YoY growth of 2% and degrowth of 1.1% in CC
  • Operating margin at Rs 3,835 million or 8.6% of revenues
  • Profit After Tax (PAT) at Rs 3,724 million or 8.3% of revenues
  • Diluted Earnings Per Share (EPS) of Rs 5.31

Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, "Firstsource delivered a steadfast performance amidst a challenging quarter. We fast-tracked our digital forays, continued our sharp focus on cost management and formalized our commitment to sustainable growth by unveiling our first ESG report. With a robust pipeline, an empowered workforce, and a diversified portfolio, we are poised to seize new market opportunities in the next few quarters."

 

Result PDF

View Other Company Results

OUR RESEARCH VIEW

Investment recommendation

Call Date

04 Nov 2022

Entry Price

103.00

Target Price

93.00

Duration

12 Month

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,032.94 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

Firstsource Solutions Limited - Copy of Newspaper Publication

Feb 08, 2023 l NSE Announcement

Firstsource Solutions Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 03, 2023 l NSE Announcement

Board of Firstsource Solutions recommends Interim Dividend

Feb 03, 2023 l BSE Announcement

Date Action Type Ratio
Feb 17, 2023 Dividend 35
Feb 17, 2022 Dividend 35
Feb 17, 2021 Dividend 30

INFORMATION

Stock PE (TTM)

16.71

Promoter Holding

53.66%

Book Value

46.9769

ROCE

16.36%

ROE

18.4%

Description

  • Firstsource Solutions Ltd. is a global provider of business process management solutions. It offers a wide range of services to the banking, financial, telecommunications, media, and healthcare sectors. It was incorporated in 2001, with its headquarters in Mumbai. For the quarter that ended in June 2022, the company posted a total income of Rs 1,478.71 crore. It was down by 4.20% from the previous quarter that ended in March 2022. The company’s market capitalisation on 1 November 2022 stood at Rs 7,297 crore.

    The company is listed on the Bombay Stock Exchange with the code 532809 and on the National Stock Exchange with the code FSL.

    At the time of incorporation, the company was known as ICICI InfoTech Upstream Ltd, a business process outsourcing entity wholly owned by ICICI Bank. It changed its name to Firstsource Solutions Ltd. in 2006. The company made a public offer in February 2007 and became a listed company on the Bombay Stock Exchange and the National Stock Exchange. It is also listed on the MCX Stock Exchange.

    On 30 June 2022, the company’s shareholding pattern revealed a 53.66% promoter’s stake, a 7.95% foreign institutional investors’ stake, a 14.57% domestic institutional investors’ stake, and public holdings of 21.5%. The promoter’s share belongs to RPSG Ventures Ltd. In the June 2022 quarter, mutual funds holdings decreased from 12.91% to 12.84%, while FIIs holdings increased from 7.79% to 7.95%.

    The company’s senior leadership team comprises Mr Vipul Khanna, Mr Prashanth Nandella, Mr Dinesh Jain, Mr Venkatgiri Vandali, Mr Rajiv Malhotra, Mr Sundara Sukavanam, Mr Steve Schachter, Mr Randall L Shafer, Mr Arjun Mitra, Ms Rajlakshmi Raghavan, and Ms Shuchika Sahay. Deloitte Haskins & Sells LLP are the auditors of the company. As of 30 June 2022, the number of outstanding shares was 69.70 crores.

    On 1 November 2022, the company’s share price was trending at Rs 104.70 on BSE, and on NSE, it was trending at Rs 104.60. In 52 weeks, the share’s highest price was Rs 209.35, and its lowest price was Rs 93. The investor’s return for six months and one year was -16.24% and -48.70%, respectively.

    Firstsource Solutions Ltd belongs to the industry of business process management. Its peers include Hinduja Global Solutions Ltd, Vakrangee Ltd, eClerx Services Ltd, and ALLSEC Technologies Ltd.

    https://www.icicidirect.com/stocks/firstsource-solutions-ltd-share-price

    https://groww.in/stocks/firstsource-solutions-ltd

    https://www.firstsource.com/about

    https://en.wikipedia.org/wiki/Firstsource

    https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/firstsourcesolutions/FS07

    https://economictimes.indiatimes.com/firstsource-solutions-ltd/stocks/companyid-99.cms

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

5th Floor Paradigm B Wing, Mindspace Link Road Malad (W), Mumbai, Maharashtra, 400064

Tel : 91-022-66660888
Email : complianceofficer:firstsource.com
Website : http://www.firstsource.com

Registrar

3i Infotech Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532809
NSE Code : FSL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE684F01012

ICICIdirect Firstsource Solutions Ltd FAQ

You can buy Firstsource Solutions Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Firstsource Solutions Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of Firstsource Solutions Ltd was ₹ 120.30.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of Firstsource Solutions Ltd stood at ₹ 8,384.80.
The latest PE ratio of Firstsource Solutions Ltd as of Feb 08, 2023 04:01 PM is 16.71
The latest PB ratio of Firstsource Solutions Ltd as of Feb 08, 2023 04:01 PM is 0.39
The 52-week high of Firstsource Solutions Ltd is ₹ 152.20 while the 52-week low is ₹ 93.00
According to analyst recommendations, Firstsource Solutions Ltd has a “Buy” rating for the long term.

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