Firstsource Solutions Limited
Firstsource Solutions Limited provides tech-enabled business processes in India, the United Kingdom, the United States, the United Arab Emirates, and internationally. It operates through Healthcare; Banking and Financial Services; Communication, Media and Technology; and Diverse Industries segments. The company offers various banking and financial services and solutions, including customer acquis… Read more
Firstsource Solutions Limited (FSL) - Net Assets
Latest net assets as of December 2025: ₹44.96 Billion INR
Based on the latest financial reports, Firstsource Solutions Limited (FSL) has net assets worth ₹44.96 Billion INR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹87.91 Billion) and total liabilities (₹42.95 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹44.96 Billion |
| % of Total Assets | 51.14% |
| Annual Growth Rate | 12.18% |
| 5-Year Change | 46.37% |
| 10-Year Change | 68.85% |
| Growth Volatility | 36.33 |
Firstsource Solutions Limited - Net Assets Trend (2005–2025)
This chart illustrates how Firstsource Solutions Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Firstsource Solutions Limited (2005–2025)
The table below shows the annual net assets of Firstsource Solutions Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹40.98 Billion | +10.73% |
| 2024-03-31 | ₹37.01 Billion | +9.91% |
| 2023-03-31 | ₹33.67 Billion | +11.01% |
| 2022-03-31 | ₹30.33 Billion | +8.34% |
| 2021-03-31 | ₹28.00 Billion | +1.22% |
| 2020-03-31 | ₹27.66 Billion | +1.64% |
| 2019-03-31 | ₹27.21 Billion | +15.65% |
| 2018-03-31 | ₹23.53 Billion | +15.96% |
| 2017-03-31 | ₹20.29 Billion | -16.39% |
| 2016-03-31 | ₹24.27 Billion | +16.11% |
| 2015-03-31 | ₹20.90 Billion | -0.12% |
| 2014-03-31 | ₹20.93 Billion | +22.05% |
| 2013-03-31 | ₹17.15 Billion | +19.81% |
| 2012-03-31 | ₹14.31 Billion | +0.59% |
| 2011-03-31 | ₹14.23 Billion | -0.46% |
| 2010-03-31 | ₹14.29 Billion | +3.21% |
| 2009-03-31 | ₹13.85 Billion | +86.22% |
| 2008-03-31 | ₹7.44 Billion | -30.55% |
| 2007-03-31 | ₹10.71 Billion | +144.86% |
| 2006-03-31 | ₹4.37 Billion | +6.23% |
| 2005-03-31 | ₹4.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firstsource Solutions Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2313986000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹23.14 Billion | 56.47% |
| Common Stock | ₹6.97 Billion | 17.01% |
| Other Comprehensive Income | ₹34.01 Billion | 82.99% |
| Total Equity | ₹40.98 Billion | 100.00% |
Firstsource Solutions Limited Competitors by Market Cap
The table below lists competitors of Firstsource Solutions Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GNI Group Ltd
F:3G6
|
$772.60 Million |
|
Parksystems Corp
KQ:140860
|
$772.61 Million |
|
Korian S.A.
LSE:0OPS
|
$772.84 Million |
|
Ennoconn Corp
TW:6414
|
$772.89 Million |
|
Wuxi Huadong Heavy Machinery Co Ltd
SHE:002685
|
$772.37 Million |
|
Capitol Federal Financial Inc
NASDAQ:CFFN
|
$771.67 Million |
|
TRTPF
PINK:TRTPF
|
$771.14 Million |
|
InMode Ltd
NASDAQ:INMD
|
$770.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firstsource Solutions Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,004,030,000 to 40,976,300,000, a change of 3,972,270,000 (10.7%).
- Net income of 5,944,550,000 contributed positively to equity growth.
- Dividend payments of 2,758,570,000 reduced retained earnings.
- Share repurchases of 362,000,000 reduced equity.
- Other comprehensive income increased equity by 25,525,680,000.
- Other factors decreased equity by 24,377,390,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.94 Billion | +14.51% |
| Dividends Paid | ₹2.76 Billion | -6.73% |
| Share Repurchases | ₹362.00 Million | -0.88% |
| Other Comprehensive Income | ₹25.53 Billion | +62.29% |
| Other Changes | ₹-24.38 Billion | -59.49% |
| Total Change | ₹- | 10.73% |
Book Value vs Market Value Analysis
This analysis compares Firstsource Solutions Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.09x to 3.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹15.40 | ₹216.98 | x |
| 2006-03-31 | ₹13.94 | ₹216.98 | x |
| 2007-03-31 | ₹27.40 | ₹216.98 | x |
| 2008-03-31 | ₹15.94 | ₹216.98 | x |
| 2009-03-31 | ₹32.24 | ₹216.98 | x |
| 2010-03-31 | ₹27.38 | ₹216.98 | x |
| 2011-03-31 | ₹27.35 | ₹216.98 | x |
| 2012-03-31 | ₹27.89 | ₹216.98 | x |
| 2013-03-31 | ₹30.69 | ₹216.98 | x |
| 2014-03-31 | ₹30.56 | ₹216.98 | x |
| 2015-03-31 | ₹29.77 | ₹216.98 | x |
| 2016-03-31 | ₹34.61 | ₹216.98 | x |
| 2017-03-31 | ₹29.58 | ₹216.98 | x |
| 2018-03-31 | ₹34.10 | ₹216.98 | x |
| 2019-03-31 | ₹39.25 | ₹216.98 | x |
| 2020-03-31 | ₹39.79 | ₹216.98 | x |
| 2021-03-31 | ₹39.70 | ₹216.98 | x |
| 2022-03-31 | ₹42.99 | ₹216.98 | x |
| 2023-03-31 | ₹47.98 | ₹216.98 | x |
| 2024-03-31 | ₹52.74 | ₹216.98 | x |
| 2025-03-31 | ₹58.04 | ₹216.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firstsource Solutions Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.45%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.93x
- Recent ROE (14.51%) is above the historical average (11.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.46% | 5.63% | 0.55x | 1.43x | ₹-225.01 Million |
| 2006 | 5.61% | 4.42% | 0.80x | 1.59x | ₹-189.80 Million |
| 2007 | 9.06% | 11.83% | 0.58x | 1.32x | ₹-100.34 Million |
| 2008 | 17.64% | 10.52% | 0.48x | 3.52x | ₹565.35 Million |
| 2009 | 2.23% | 1.76% | 0.58x | 2.21x | ₹-1.07 Billion |
| 2010 | 9.58% | 6.99% | 0.65x | 2.12x | ₹-59.16 Million |
| 2011 | 9.87% | 6.98% | 0.62x | 2.28x | ₹-19.05 Million |
| 2012 | 4.35% | 2.76% | 0.57x | 2.75x | ₹-807.77 Million |
| 2013 | 8.55% | 5.20% | 0.84x | 1.96x | ₹-247.72 Million |
| 2014 | 9.23% | 6.17% | 0.85x | 1.76x | ₹-161.80 Million |
| 2015 | 11.22% | 7.80% | 0.88x | 1.64x | ₹254.56 Million |
| 2016 | 10.93% | 8.35% | 0.87x | 1.51x | ₹224.61 Million |
| 2017 | 13.81% | 7.87% | 1.01x | 1.74x | ₹771.96 Million |
| 2018 | 13.88% | 9.24% | 1.04x | 1.44x | ₹913.43 Million |
| 2019 | 13.89% | 9.98% | 1.03x | 1.35x | ₹1.06 Billion |
| 2020 | 12.28% | 8.39% | 0.88x | 1.66x | ₹631.48 Million |
| 2021 | 12.92% | 7.19% | 1.04x | 1.73x | ₹817.57 Million |
| 2022 | 17.72% | 9.08% | 1.04x | 1.88x | ₹2.34 Billion |
| 2023 | 15.26% | 8.53% | 1.06x | 1.68x | ₹1.77 Billion |
| 2024 | 13.91% | 8.12% | 1.04x | 1.64x | ₹1.45 Billion |
| 2025 | 14.51% | 7.45% | 1.01x | 1.93x | ₹1.85 Billion |
Industry Comparison
This section compares Firstsource Solutions Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $2,503,158,354
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firstsource Solutions Limited (FSL) | ₹44.96 Billion | 4.46% | 0.96x | $772.57 Million |
| 3i Infotech Limited (3IINFOLTD) | $10.02 Billion | 26.55% | 2.88x | $23.73 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $7.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.46 Billion | 14.35% | 0.24x | $43.42 Million |
| Adroit Infotech Limited (ADROITINFO) | $160.99 Million | -1.68% | 0.01x | $2.87 Million |
| Allied Digital Services Limited (ADSL) | $6.46 Billion | 4.97% | 0.43x | $32.95 Million |
| Airan Limited (AIRAN) | $158.56 Million | 5.12% | 0.24x | $6.12 Million |
| Alankit Limited (ALANKIT) | $316.22 Million | 1.08% | 0.04x | $12.73 Million |
| Bartronics India Limited (ASMS) | $282.50 Million | 6.18% | 0.15x | $6.02 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $692.71 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $1.74 Billion |