Firstsource Solutions Limited (FSL) — Net Asset Quality Index
Firstsource Solutions Limited (FSL) has a Net Asset Quality Index of 51.1% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs87.91 Billion minus total liabilities of Rs42.95 Billion yields net assets of Rs44.96 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read Firstsource Solutions Limited balance sheet liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Firstsource Solutions Limited Net Asset Quality Index Over Time (2005–2025)
This chart shows how Firstsource Solutions Limited's Net Asset Quality Index has evolved across 21 annual periods from 2005 to 2025. As of December 2025, the index stands at 51.1%, representing net assets of Rs44.96 Billion against total assets of Rs87.91 Billion INR. For live market cap and overall valuation, see FSL market cap.
Annual Net Asset Quality Index for Firstsource Solutions Limited (2005–2025)
The table below presents the year-by-year Net Asset Quality Index for Firstsource Solutions Limited from 2005 to 2025, covering 21 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Firstsource Solutions Limited (FSL) strategic investment index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 51.7% | Rs40.98 Billion | Rs79.22 Billion | Rs38.24 Billion | ▼ -9.1 pp |
| 2024 | 60.8% | Rs37.01 Billion | Rs60.83 Billion | Rs23.82 Billion | ▲ +1.4 pp |
| 2023 | 59.4% | Rs33.67 Billion | Rs56.64 Billion | Rs22.97 Billion | ▲ +6.3 pp |
| 2022 | 53.1% | Rs30.33 Billion | Rs57.09 Billion | Rs26.75 Billion | ▼ -4.8 pp |
| 2021 | 58.0% | Rs28.00 Billion | Rs48.30 Billion | Rs20.30 Billion | ▼ -2.3 pp |
| 2020 | 60.3% | Rs27.66 Billion | Rs45.87 Billion | Rs18.21 Billion | ▼ -13.7 pp |
| 2019 | 74.0% | Rs27.21 Billion | Rs36.76 Billion | Rs9.54 Billion | ▲ +4.8 pp |
| 2018 | 69.3% | Rs23.53 Billion | Rs33.98 Billion | Rs10.45 Billion | ▲ +11.6 pp |
| 2017 | 57.7% | Rs20.29 Billion | Rs35.19 Billion | Rs14.90 Billion | ▼ -8.5 pp |
| 2016 | 66.2% | Rs24.27 Billion | Rs36.67 Billion | Rs12.40 Billion | ▲ +5.2 pp |
| 2015 | 61.0% | Rs20.90 Billion | Rs34.27 Billion | Rs13.36 Billion | ▲ +4.3 pp |
| 2014 | 56.7% | Rs20.93 Billion | Rs36.89 Billion | Rs15.97 Billion | ▲ +5.6 pp |
| 2013 | 51.2% | Rs17.15 Billion | Rs33.52 Billion | Rs16.37 Billion | ▲ +14.8 pp |
| 2012 | 36.4% | Rs14.31 Billion | Rs39.31 Billion | Rs25.00 Billion | ▼ -7.5 pp |
| 2011 | 43.9% | Rs14.23 Billion | Rs32.43 Billion | Rs18.20 Billion | ▼ -3.5 pp |
| 2010 | 47.4% | Rs14.29 Billion | Rs30.14 Billion | Rs15.84 Billion | ▲ +1.9 pp |
| 2009 | 45.5% | Rs13.85 Billion | Rs30.43 Billion | Rs16.58 Billion | ▲ +16.9 pp |
| 2008 | 28.6% | Rs7.44 Billion | Rs26.04 Billion | Rs18.60 Billion | ▼ -47.6 pp |
| 2007 | 76.2% | Rs10.71 Billion | Rs14.06 Billion | Rs3.35 Billion | ▲ +12.5 pp |
| 2006 | 63.7% | Rs4.37 Billion | Rs6.86 Billion | Rs2.49 Billion | ▼ -6.9 pp |
| 2005 | 70.7% | Rs4.12 Billion | Rs5.83 Billion | Rs1.71 Billion | — |