Firstsource Solutions Ltd
NSE:FSL

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Firstsource Solutions Ltd
NSE:FSL
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Price: 224.75 INR 0.18% Market Closed
Market Cap: ₹155.4B

EV/EBIT

15.2
Current
27%
Cheaper
vs 3-y average of 20.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
15.2
=
Enterprise Value
₹158.8B
/
EBIT
₹10.7B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
15.2
=
Enterprise Value
₹158.8B
/
EBIT
₹10.7B

Valuation Scenarios

Firstsource Solutions Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (20.7), the stock would be worth ₹306.99 (37% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+53%
Average Upside
34%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 15.2 ₹224.75
0%
3-Year Average 20.7 ₹306.99
+37%
5-Year Average 18 ₹266.2
+18%
Industry Average 19.5 ₹288.42
+28%
Country Average 23.3 ₹344.85
+53%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹158.8B
/
Jan 2026
₹10.7B
=
15.2
Current
₹158.8B
/
Mar 2026
₹11.4B
=
14
Forward
₹158.8B
/
Mar 2027
₹13.6B
=
11.7
Forward
₹158.8B
/
Mar 2028
₹15.7B
=
10.1
Forward
₹158.8B
/
Mar 2029
₹15.6B
=
10.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Firstsource Solutions Ltd
NSE:FSL
155B INR 15.2 24.6
US
Visa Inc
NYSE:V
594B USD 21.2 28.4
US
Mastercard Inc
NYSE:MA
456.1B USD 23.5 30
US
Automatic Data Processing Inc
NASDAQ:ADP
81.3B USD 14.5 18.7
US
PayPal Holdings Inc
NASDAQ:PYPL
47.1B USD 7.1 8.8
NL
Adyen NV
AEX:ADYEN
30.6B EUR 16.9 27.6
US
Fiserv Inc
NASDAQ:FISV
33.8B USD 10.5 9.4
US
Paychex Inc
NASDAQ:PAYX
33.5B USD 14.1 19.8
ES
Amadeus IT Group SA
MAD:AMS
22B EUR 12.8 16.2
US
Fidelity National Information Services Inc
NYSE:FIS
24.6B USD 19.5 61.7
US
Fleetcor Technologies Inc
NYSE:CPAY
22.6B USD 14.4 21.3

Market Distribution

Lower than 72% of companies in India
Percentile
28th
Based on 2 572 companies
28th percentile
15.2
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Firstsource Solutions Ltd
Glance View

In the bustling realm of global business process management, Firstsource Solutions Ltd. has carved a distinct niche for itself. Originating in India, but with its sights set on worldwide impact, the company is a dynamic force in providing outsourced business services. With its headquarters in Mumbai, the firm emerged as a significant player by providing bespoke solutions across various sectors including healthcare, telecommunications, banking, and financial services. At its core, Firstsource capitalizes on the power of technology and human expertise to deliver services such as customer management, data processing, collections, and transaction processing. These services enable its clients to streamline their operations and enhance customer experiences, allowing the clients to focus more acutely on their core business activities. The financial mechanics of Firstsource Solutions pivot around delivering value-added services that significantly reduce operating costs for its clients while improving efficiency. By managing essential processes, Firstsource generates revenue through long-term contracts which often include transaction-based or fixed-fee arrangements. Their robust and diverse client base, stretching across the United States, United Kingdom, and India, contributes to a steady flow of income, enabling reinvestment into innovative technologies and process improvements. As industries accelerate their digital transformations, Firstsource stays ahead of the curve by integrating advanced analytics, automation, and AI into their service portfolio, continuously adapting to the ever-evolving digital landscape and ensuring sustainable growth.

FSL Intrinsic Value
278.56 INR
Undervaluation 19%
Intrinsic Value
Price ₹224.75
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