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.

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. Read Firstsource Solutions Limited balance sheet liabilities for a breakdown of total debt and financial obligations.

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
Borregaard ASA OL:BRG	0.071x
Bank Ina Perdana PT JK:BINA	-0.047x
A.F.P. Habitat SN:HABITAT	0.109x
Sociedad Matriz SAAM SA SN:SMSAAM	-0.031x
Bank First National Corp NASDAQ:BFC	0.045x
Sienna Senior Living Inc TO:SIA	0.031x
EUTEL.CO.SP.ADR 1/4/ EO1 F:E3B0	N/A
Choice International Limited NSE:CHOICEIN	-0.049x

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 FSL company net worth.

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

$1.60 Billion

Rs147.87 Billion INR

Market Cap Rank

#7127 Global

#324 in India

Share Price

Rs213.94

Change (1 day)

-0.25%

52-Week Range

Rs204.39 - Rs394.75

All Time High

Rs406.75