Firstsource Solutions Limited (FSL) — Tangible Net Worth Ratio
Firstsource Solutions Limited (FSL) has a Tangible Net Worth Ratio of 97.0% as of December 2025. This metric is calculated by deducting intangible assets (Rs1.36 Billion) from net assets (Rs44.96 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Firstsource Solutions Limited (FSL) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Firstsource Solutions Limited Tangible Net Worth Ratio (2005–2025)
This chart shows how Firstsource Solutions Limited's Tangible Net Worth Ratio has changed across 21 annual periods from 2005 to 2025. As of December 2025, the ratio stands at 97.0%, reflecting net assets of Rs44.96 Billion with intangible assets of Rs1.36 Billion INR. For live market cap and overall valuation, see Firstsource Solutions Limited stock valuation.
Annual Tangible Net Worth Ratio for Firstsource Solutions Limited (2005–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Firstsource Solutions Limited from 2005 to 2025, covering 21 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Firstsource Solutions Limited capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.0% | Rs40.98 Billion | Rs1.25 Billion | Rs79.22 Billion | ▼ -1.3 pp |
| 2024 | 98.2% | Rs37.01 Billion | Rs648.98 Million | Rs60.83 Billion | ▲ +1.3 pp |
| 2023 | 97.0% | Rs33.67 Billion | Rs1.02 Billion | Rs56.64 Billion | ▲ +1.0 pp |
| 2022 | 96.0% | Rs30.33 Billion | Rs1.22 Billion | Rs57.09 Billion | ▼ -2.1 pp |
| 2021 | 98.1% | Rs28.00 Billion | Rs542.27 Million | Rs48.30 Billion | ▼ -0.1 pp |
| 2020 | 98.2% | Rs27.66 Billion | Rs503.78 Million | Rs45.87 Billion | ▲ +0.5 pp |
| 2019 | 97.7% | Rs27.21 Billion | Rs632.07 Million | Rs36.76 Billion | ▲ +0.3 pp |
| 2018 | 97.4% | Rs23.53 Billion | Rs607.05 Million | Rs33.98 Billion | ▲ +0.3 pp |
| 2017 | 97.2% | Rs20.29 Billion | Rs576.48 Million | Rs35.19 Billion | ▼ -1.0 pp |
| 2016 | 98.2% | Rs24.27 Billion | Rs436.07 Million | Rs36.67 Billion | ▼ -0.8 pp |
| 2015 | 99.0% | Rs20.90 Billion | Rs214.70 Million | Rs34.27 Billion | ▼ -0.1 pp |
| 2014 | 99.0% | Rs20.93 Billion | Rs202.58 Million | Rs36.89 Billion | ▼ -0.2 pp |
| 2013 | 99.2% | Rs17.15 Billion | Rs129.02 Million | Rs33.52 Billion | ▲ +4.1 pp |
| 2012 | 95.2% | Rs14.31 Billion | Rs688.55 Million | Rs39.31 Billion | ▼ -3.7 pp |
| 2011 | 98.9% | Rs14.23 Billion | Rs151.05 Million | Rs32.43 Billion | ▲ +0.1 pp |
| 2010 | 98.8% | Rs14.29 Billion | Rs166.51 Million | Rs30.14 Billion | ▲ +0.4 pp |
| 2009 | 98.4% | Rs13.85 Billion | Rs217.61 Million | Rs30.43 Billion | ▲ +1.6 pp |
| 2008 | 96.8% | Rs7.44 Billion | Rs237.42 Million | Rs26.04 Billion | ▼ -1.6 pp |
| 2007 | 98.4% | Rs10.71 Billion | Rs174.02 Million | Rs14.06 Billion | ▲ +1.3 pp |
| 2006 | 97.1% | Rs4.37 Billion | Rs126.25 Million | Rs6.86 Billion | ▼ -2.9 pp |
| 2005 | 100.0% | Rs4.12 Billion | Rs0.00 | Rs5.83 Billion | — |