Firstsource Solutions Limited (FSL) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.102x

Based on the latest financial reports, Firstsource Solutions Limited (FSL) has a cash flow conversion efficiency ratio of 0.102x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs4.60 Billion ≈ $49.74 Million USD) by net assets (Rs44.96 Billion ≈ $486.24 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See net asset quality index of Firstsource Solutions Limited to measure how much of total assets are equity-financed.

Firstsource Solutions Limited - Cash Flow Conversion Efficiency Trend (2005–2025)

This chart illustrates how Firstsource Solutions Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Firstsource Solutions Limited (FSL) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Firstsource Solutions Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Firstsource Solutions Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Zhuhai CosMX Battery Co Ltd SHG:688772	0.111x
Zhejiang Publishing & Media Co Ltd SHG:601921	-0.028x
XiAn Shaangu Power Co Ltd SHG:601369	0.035x
Haemonetics Corporation NYSE:HAE	0.089x
Tecnicas Reunidas MC:TRE	0.027x
Songcheng Performance Develop SHE:300144	0.072x
Azelis Group NV BR:AZE	0.083x
Dongfang Electronics Co Ltd SHE:000682	0.033x

Annual Cash Flow Conversion Efficiency for Firstsource Solutions Limited (2005–2025)

The table below shows the annual cash flow conversion efficiency of Firstsource Solutions Limited from 2005 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Firstsource Solutions Limited.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs40.98 Billion ≈ $443.19 Million	Rs7.01 Billion ≈ $75.82 Million	0.171x	-1.81%
2024-03-31	Rs37.01 Billion ≈ $400.23 Million	Rs6.45 Billion ≈ $69.73 Million	0.174x	-26.21%
2023-03-31	Rs33.67 Billion ≈ $364.15 Million	Rs7.95 Billion ≈ $85.98 Million	0.236x	+1.80%
2022-03-31	Rs30.33 Billion ≈ $328.04 Million	Rs7.04 Billion ≈ $76.09 Million	0.232x	-33.43%
2021-03-31	Rs28.00 Billion ≈ $302.79 Million	Rs9.76 Billion ≈ $105.50 Million	0.348x	+134.83%
2020-03-31	Rs27.66 Billion ≈ $299.13 Million	Rs4.10 Billion ≈ $44.38 Million	0.148x	+4.86%
2019-03-31	Rs27.21 Billion ≈ $294.30 Million	Rs3.85 Billion ≈ $41.64 Million	0.142x	+5.67%
2018-03-31	Rs23.53 Billion ≈ $254.47 Million	Rs3.15 Billion ≈ $34.08 Million	0.134x	+37.15%
2017-03-31	Rs20.29 Billion ≈ $219.45 Million	Rs1.98 Billion ≈ $21.43 Million	0.098x	-20.93%
2016-03-31	Rs24.27 Billion ≈ $262.48 Million	Rs3.00 Billion ≈ $32.41 Million	0.123x	+4.91%
2015-03-31	Rs20.90 Billion ≈ $226.05 Million	Rs2.46 Billion ≈ $26.61 Million	0.118x	-37.72%
2014-03-31	Rs20.93 Billion ≈ $226.33 Million	Rs3.96 Billion ≈ $42.78 Million	0.189x	+62.64%
2013-03-31	Rs17.15 Billion ≈ $185.45 Million	Rs1.99 Billion ≈ $21.55 Million	0.116x	+2827.70%
2012-03-31	Rs14.31 Billion ≈ $154.78 Million	Rs56.81 Million ≈ $614.38K	0.004x	-97.70%
2011-03-31	Rs14.23 Billion ≈ $153.87 Million	Rs2.46 Billion ≈ $26.57 Million	0.173x	+43.86%
2010-03-31	Rs14.29 Billion ≈ $154.58 Million	Rs1.72 Billion ≈ $18.55 Million	0.120x	-4.43%
2009-03-31	Rs13.85 Billion ≈ $149.77 Million	Rs1.74 Billion ≈ $18.81 Million	0.126x	-58.83%
2008-03-31	Rs7.44 Billion ≈ $80.43 Million	Rs2.27 Billion ≈ $24.53 Million	0.305x	+257.52%
2007-03-31	Rs10.71 Billion ≈ $115.81 Million	Rs913.67 Million ≈ $9.88 Million	0.085x	+0.70%
2006-03-31	Rs4.37 Billion ≈ $47.30 Million	Rs370.56 Million ≈ $4.01 Million	0.085x	-8.43%
2005-03-31	Rs4.12 Billion ≈ $44.52 Million	Rs380.96 Million ≈ $4.12 Million	0.093x	--

About Firstsource Solutions Limited

NSE:FSL India Information Technology Services

Market Cap

$2.42 Billion

Rs224.19 Billion INR

Market Cap Rank

#5477 Global

#253 in India

Share Price

Rs324.35

Change (1 day)

+7.36%

52-Week Range

Rs204.39 - Rs375.80

All Time High

Rs406.75