Firstsource Solutions Ltd
NSE:FSL

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Firstsource Solutions Ltd
NSE:FSL
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Price: 214.62 INR 1.22% Market Closed
Market Cap: ₹148.4B

P/S

1.6
Current
29%
Cheaper
vs 3-y average of 2.3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.6
=
Market Cap
₹151.2B
/
Revenue
₹91.3B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.6
=
Market Cap
₹151.2B
/
Revenue
₹91.3B

Valuation Scenarios

Firstsource Solutions Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (2.3), the stock would be worth ₹303.15 (41% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+125%
Average Upside
62%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.6 ₹214.62
0%
3-Year Average 2.3 ₹303.15
+41%
5-Year Average 2 ₹262.79
+22%
Industry Average 3.6 ₹482.18
+125%
Country Average 2.6 ₹346.06
+61%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹151.2B
/
Jan 2026
₹91.3B
=
1.6
Current
₹151.2B
/
Mar 2026
₹96.4B
=
1.6
Forward
₹151.2B
/
Mar 2027
₹111B
=
1.4
Forward
₹151.2B
/
Mar 2028
₹124.1B
=
1.2
Forward
₹151.2B
/
Mar 2029
₹141.9B
=
1.1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Firstsource Solutions Ltd
NSE:FSL
146.5B INR 1.6 23.5
US
Visa Inc
NYSE:V
638.9B USD 15.4 31
US
Mastercard Inc
NYSE:MA
469.6B USD 14.3 31.4
US
Automatic Data Processing Inc
NASDAQ:ADP
86.7B USD 4.1 20.5
US
PayPal Holdings Inc
NASDAQ:PYPL
46.9B USD 1.4 9
NL
Adyen NV
AEX:ADYEN
30.2B EUR 11.3 28.4
US
Fiserv Inc
NASDAQ:FISV
33.1B USD 1.6 9.5
US
Paychex Inc
NASDAQ:PAYX
33.7B USD 5.3 20.6
ES
Amadeus IT Group SA
MAD:AMS
21.2B EUR 3.2 15.7
US
Fidelity National Information Services Inc
NYSE:FIS
23.8B USD 2.2 62.2
US
Fleetcor Technologies Inc
NYSE:CPAY
21B USD 4.7 19.8

Market Distribution

In line with most companies in India
Percentile
33rd
Based on 2 983 companies
33rd percentile
1.6
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

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 23%
Intrinsic Value
Price ₹214.62
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