Firstsource Solutions Limited (FSL) — Cash Flow Quality Index
Firstsource Solutions Limited (FSL) has a Cash Flow Quality Index of 3.82x as of December 2025. Operating cash flow of Rs4.60 Billion exceeds net income of Rs1.20 Billion, indicating high earnings quality where cash backs reported profits. Explore FSL debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Firstsource Solutions Limited Cash Flow Quality Index (2005–2025)
Historical Cash Flow Quality Index for Firstsource Solutions Limited across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see FSL cash generation efficiency.
Annual Cash Flow Quality Index for Firstsource Solutions Limited (2005–2025)
Year-by-year earnings quality comparison for Firstsource Solutions Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.18x | Rs7.01 Billion | Rs5.94 Billion | ▼ -5.9% |
| 2024 | 1.25x | Rs6.45 Billion | Rs5.15 Billion | ▼ -3.1% |
| 2023 | 1.29x | Rs7.95 Billion | Rs6.15 Billion | ▲ +18.9% |
| 2022 | 1.09x | Rs7.04 Billion | Rs6.47 Billion | ▼ -51.9% |
| 2021 | 2.26x | Rs9.76 Billion | Rs4.32 Billion | ▲ +117.0% |
| 2020 | 1.04x | Rs4.10 Billion | Rs3.94 Billion | ▲ +17.9% |
| 2019 | 0.88x | Rs3.85 Billion | Rs4.36 Billion | ▲ +0.4% |
| 2018 | 0.88x | Rs3.15 Billion | Rs3.58 Billion | ▲ +49.7% |
| 2017 | 0.59x | Rs1.98 Billion | Rs3.37 Billion | ▼ -42.0% |
| 2016 | 1.01x | Rs3.00 Billion | Rs2.96 Billion | ▲ +0.6% |
| 2015 | 1.01x | Rs2.46 Billion | Rs2.44 Billion | ▼ -48.2% |
| 2014 | 1.95x | Rs3.96 Billion | Rs2.03 Billion | ▲ +55.5% |
| 2013 | 1.25x | Rs1.99 Billion | Rs1.59 Billion | ▲ +1266.8% |
| 2012 | 0.09x | Rs56.81 Million | Rs620.31 Million | ▼ -94.8% |
| 2011 | 1.77x | Rs2.46 Billion | Rs1.39 Billion | ▲ +40.7% |
| 2010 | 1.26x | Rs1.72 Billion | Rs1.36 Billion | ▼ -77.8% |
| 2009 | 5.67x | Rs1.74 Billion | Rs306.72 Million | ▲ +228.9% |
| 2008 | 1.72x | Rs2.27 Billion | Rs1.32 Billion | ▲ +83.5% |
| 2007 | 0.94x | Rs913.67 Million | Rs972.53 Million | ▼ -37.5% |
| 2006 | 1.50x | Rs370.56 Million | Rs246.69 Million | ▼ -28.6% |
| 2005 | 2.10x | Rs380.96 Million | Rs181.10 Million | — |