NSE/FSL (NSE/FSL)

National Stock Exchange of India: NSE/FSL · INR

₹309

+9.86 (+3.3%)· Recorded snapshot

Market cap	213.3B
Revenue (ttm)	100.6B
Net income (ttm)	6.7B
EPS (ttm)	₹9.52
Shares out	691M
P/E (trailing)	32.4x
P/E (forward)	21.3x
Dividend	₹5.50 (1.78%)
Volume	2,308,082
Beta	0.19

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 100.6B
Net income (ttm): 6.7B
EPS (ttm): ₹9.52
P/E (trailing): 32.4x
P/E (forward): 21.3x
Market cap: 213.3B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E21.3

P25 n/aP50 n/aP75 n/a

Trailing P/E32.4

P25 n/aP50 n/aP75 n/a

ROE15.9

P25 n/aP50 n/aP75 n/a

ROIC13.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All NSE/FSL indicators

Market & fundamental data

Available fields

246

Groups with data

Currency

INR

Showing 246 of 246 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	INR
Country	India
Country code	IN
Earnings date	2026-10-29
Employees	36,875
Employees change	2,380
Employees growth	6.9%
Enterprise value	INR 239.6B
Exchange	National Stock Exchange of India
Financial currency	INR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	March
Founded	2000
Industry	Information Technology Services
Is primary listing	Yes
ISIN number	INE684F01012
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Market cap	INR 213.3B
Next earnings date	2026-10-29
Price	INR 308.60
Price currency	INR
Sector	Technology
SIC code	7374
Stock price date	2026-10-28
Symbol	nse/FSL
Website	https://www.firstsource.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	27.02x
Average P/E ratio (10Y)	19.04x
Average P/E ratio (3Y)	31.76x
Average P/E ratio (5Y)	26.39x
Earnings yield	3.08%
EV/Earnings	34.69x
EV/EBIT	19.26x
EV/EBITDA	14.32x
EV/FCF	22.86x
EV/Sales	2.31x
FCF / EV yield	4.37%
FCF yield	4.93%
Forward P/E	21.35x
Graham number	116.63671
Graham upside	-62.2%
Industry forward P/E	17.51x
Industry P/E	19.5x
Lynch fair value	INR 99.85
Lynch upside	-67.64%
P/(FCF - SBC) ratio	21.62x
P/(OCF - SBC) ratio	17.94x
P/B ratio	4.71x
P/E ratio	32.42x
P/FCF ratio	20.27x
P/OCF ratio	17.01x
P/S ratio	2.05x
PEG ratio	1.27x
Price/EBITDA ratio	15.07x
Sector forward P/E	19.6x
Sector P/E	22.32x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	12.01%
EBITDA margin	13.61%
Effective tax rate	21.61%
FCF margin	10.66%
Gross margin	41.07%
Operating margin	12.01%
Pretax margin	8.51%
Profit margin	6.67%
Profit per employee	INR 199,753
Profitable quarters	61
Profitable years	22
Revenue per employee	INR 3M
ROA	8.14%
ROA (5Y)	7.61%
ROCE	19.21%
ROE	15.9%
ROE (5Y)	16.03%
ROIC	13.5%
ROIC (5Y)	12.28%
SBC / revenue	0.66%
Tax / revenue	1.84%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	6.97%
EPS growth (Q)	-1.67%
EPS growth (QoQ)	-18.81%
EPS growth 10Y	8.87%
EPS growth 3Y	6.36%
EPS growth 5Y	10.54%
EPS growth years	3
FCF growth	121.41%
FCF growth 3Y	11.16%
FCF growth 5Y	4.88%
Gross profit growth	32.46%
Gross profit growth (Q)	33.04%
Gross profit growth 3Y	23.74%
Gross profit growth 5Y	19.97%
Net income growth	6.76%
Net income growth (Q)	-2.02%
Net income growth (QoQ)	-19.16%
Net income growth 3Y	6.56%
Net income growth 5Y	10.49%
Net income growth years	3
OCF growth	73.15%
OCF growth 10Y	15.11%
OCF growth 3Y	15.15%
OCF growth 5Y	4.47%
Operating income growth	29.52%
Operating income growth (Q)	34.76%
Operating income growth 3Y	24.58%
Operating income growth 5Y	12.84%
Revenue growth	19.71%
Revenue growth (Q)	22.87%
Revenue growth (QoQ)	5.47%
Revenue growth 10Y	11.52%
Revenue growth 3Y	18.3%
Revenue growth 5Y	12.84%
Revenue growth quarters	16
Revenue growth years	8

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	INR -2B
Depreciation and amortization	INR 1.6B
EBIT	INR 12.1B
EBITDA	INR 13.7B
EPS	INR 9.52
FCF per share	INR 14.74
Financing cash flow	INR -6.7B
Free cash flow	INR 10.2B
Free cash flow minus SBC	INR 9.5B
Gross profit	INR 41.3B
Income taxes	INR 1.8B
Investing cash flow	INR -4.5B
Net borrowing	INR -578.2M
Net cash flow	INR 1B
Net income	INR 6.7B
Operating cash flow minus SBC	INR 11.5B
Operating income	INR 12.1B
Revenue	INR 100.6B
Stock-based compensation	INR 633.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	INR 63.51
Debt / EBITDA	1.81
Debt / equity	0.67
Debt / FCF	2.89
Interest coverage	6.37
Net cash (debt)	INR -26.4B
Net cash / market cap	-12.76%
Net debt / EBITDA	1.92
Net debt / equity	0.6
Net debt / FCF	2.59
Piotroski F-Score	5
Shareholders' equity	INR 43.8B
Tangible book value	INR -161.4M
Tangible book value per share	INR -0.23
Total cash	INR 3.1B
Total debt	INR 29.4B
WACC	5.27%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.11
Current ratio	0.79
Quick ratio	0.71
Working capital	INR -7.2B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.19%
Dividend growth	37.5%
Dividend growth (3Y)	16.26%
Dividend growth (5Y)	12.89%
Dividend growth years	1
Dividend payment date	2026-03-05
Dividend payment years	9
Dividend payout frequency	Annual
Dividend per share	INR 5.50
Dividend yield	1.78%
Ex-dividend date	2026-02-20
FCF payout ratio	37.33%
Last dividend	INR 5.50
Payout ratio	57.77%
Shareholder yield	1.97%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	675.38%
10Y return CAGR	25.9%
10Y total return	900.36%
150-day SMA	INR 255.99
15Y price change	2,757.41%
15Y return CAGR	27.19%
15Y total return	3,586.5%
1D price change	3.3%
1M price change	18.94%
1M total return	18.94%
1W price change	11.89%
1W total return	11.89%
1Y price change	-12.49%
1Y return CAGR	-10.59%
1Y total return	-10.58%
20-day SMA	INR 276.35
200-day SMA	INR 260.34
3M price change	17.68%
3M total return	17.68%
3Y price change	97.76%
3Y return CAGR	27.63%
3Y total return	107.94%
50-day SMA	INR 270.60
50-day SMA vs 200-day SMA	50over200
52-week high	INR 371.75
52-week high date	2025-11-19
52-week low	INR 202.00
52-week low date	2026-03-02
5Y price change	47.83%
5Y return CAGR	10.45%
5Y total return	64.35%
6M price change	44.11%
6M total return	44.11%
All-time high	INR 422.30
All-time high date	2025-01-07
All-time low	INR 5.55
All-time low date	2011-12-29
Average true range (ATR)	INR 11.74
Average volume	3.5M
Beta (1Y)	0.36
Beta (2Y)	0.57
Beta (5Y)	0.19
Change from 52-week high	-16.99%
Change from 52-week low	52.77%
Change from all-time high	-26.92%
Change from all-time low	5,460.36%
Change from open	4.61%
Day's gap	-1.26%
Dollar volume	INR 712.3M
High price	INR 309.80
Low price	INR 293.15
Monthly RSI	54.23
Open price	INR 295.00
Position in 52-week range	92.79%
Previous close	INR 298.75
Price vs 150-day SMA	20.55%
Price vs 20-day SMA	11.67%
Price vs 200-day SMA	18.54%
Price vs 50-day SMA	14.04%
Relative volume	0.66
RSI	70.99
Sharpe ratio	0.14
Sharpe ratio (3Y)	0.65
Sharpe ratio (5Y)	0.38
Sortino ratio	0.36
Sortino ratio (3Y)	1.18
Sortino ratio (5Y)	0.74
Volume	2.3M
Weekly RSI	59.03
YTD price change	-8.1%
YTD total return	-6.09%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	310.6M
Shares change (QoQ)	-0.32%
Shares change (YoY)	-0.19%
Shares held by institutions	32.6%
Shares outstanding	691M

Deeper analysis on NSE/FSL

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this NSE/FSL report

Is a complete NSE/FSL research report available?

No complete published report is available for nse/FSL (NSE/FSL) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

NSE/FSL (NSE/FSL)

Price

Financial snapshot

Fair-value bridge

Latest news · NSE/FSL

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All NSE/FSL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on NSE/FSL

Frequently asked questions