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FSL

Firstsource Solutions Limited
Small-capIT ↗

What the six lenses say about FSL — its relative strength vs the baselines, price & RS trend, the 8-quarter financials, and live filings.

Price
₹259.6
2026-09-08
VWAP · 1Y anchor
₹271
-4.1% from VWAP
P/E · TTM
27.2×
TTM EPS ₹9.5
52-week range
34%
position low→high
RSI(14)
41
momentum

Own sector index

IT ↗
Underweight

1M

-3.9%

3M

+4.3%

1Y

-12.9%

Breadth >EMA21

29%

How FSL’s own sector index is moving — context for reading the stock’s six lenses.

Six-lens read

What the six lenses say

How the lenses are scored ↗
Strength
4.0
avg conviction decile
Leadership
—
top-decile composite in cohort
Each lens is a decile within its cap cohort (D10 = top 10%) — no black-box composite. Expand a lens for the real numbers behind it.
LensDecile · Small-cap cohortDRaw
TechnicalD448›

The actual numbers

Price vs VWAP (1y)-4.1%
EMA trend stackMixed
Price vs 200-EMA-5.0%
Price vs 50-EMA-3.3%
RSI(14)41
RS vs Nifty 500 · 3M-1.4%
RS vs sector · 3M-1.3%
52-week range34%
Volume vs 30d avg0.07×
Volume vs 60d avg0.11×
ATR(14) · volatility11.5
Bollinger width · vol contraction0.074
FundamentalD548›

The actual numbers

Return on equity (ROE)17.7%
Return on capital (ROCE)16.2%
Operating margin10.8%
Net margin7.1%
Revenue growth · YoY+19.8%
EPS growth · YoY+11.1%
Debt / equity0.67×

Full 8-quarter history in the financials table below.

ValuationD736›

The actual numbers

P/E (TTM)27.2×
TTM EPS₹9.5
52-week range34%
CatalystD959›

The actual numbers

Earnings & momentum69
Capital actions19
Governance114

Every filing in the corporate-announcements panel below.

FlowD442›

The actual numbers

Promoter holding53.7%
Delivery · 30d avg34.0%
Up/down-day asymmetry-5.0pp
How the decile & conviction are calculated

Decile — each lens’s 0–100 score is ranked against every Small-cap stock in the universe. D10 = top 10% (strongest), D1 = bottom 10%. A decile is simply where this stock sits versus its size-peers on that lens — no weighting, no black box.

Conviction — the average of the two active conviction-lens deciles (Technical & Flow):

( D4 + D4 ) ÷ 2 = 4.0(Technical · Flow)

Fundamental, Catalyst, Valuation and Policy are shown for context but carry weight 0 in the current model, so they are not scored into conviction. Full detail on the methodology page ↗.

Glass box

How the score is built

Click a lens to expand its sub-components, then drill to the actual values. The eye icon on any term explains it.

Conviction score · Medium
47
Conviction score 47/100 · avg-decile strength 4.0/10
Conviction score47/100›
TechnicalD4›
FundamentalD5›
ValuationD7›
CatalystD9›
FlowD4›

Relative strength · always on

Percentage-point spread vs each baseline across six windows. Green = outperforming, red = lagging. Data as of 2026-09-08.

Baseline1D1W1M3M6M12M
Nifty 50
Large-cap anchor
-1.3pp
-0.7pp
-8.2pp
+0.2pp
+21.0pp
-18.9pp
Nifty 500
Broad-market baseline
-1.4pp
-0.7pp
-9.3pp
-1.4pp
+15.3pp
-24.2pp
Sector
Own-sector index
—
—
-7.8pp
-1.3pp
+19.1pp
-10.0pp

From atlas_foundation.technical_daily. Sector row covers 1M–12M (1D/1W not stored).

Trend

Price · EMA 20 / 50 / 200

FSL daily close with the three trend EMAs · atlas_foundation.ohlcv_stock.

₹ (close)
259.60-4.80

Relative strength

RS vs baseline · rebased to 100

FSL ÷ Nifty 500, rebased to 100 at window start — above 100 = outperforming since then.

RS vs Nifty 500 (=100)
86.63-1.23

TradingView composite technical analysis — multi-timeframe consensus

Quarterly financials

Last 8 quarters from the company’s filings (₹ crore) — revenue, profit, margins and the growth trend.

MetricJun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue (₹cr)1,7911,9252,1022,1612,2182,3122,4432,583
↳ change QoQ—+7.5%+9.2%+2.8%+2.6%+4.2%+5.7%+5.7%
EBITDA (₹cr)272285324333347376403430
EBITDA margin15.2%14.8%15.4%15.4%15.6%16.3%16.5%16.7%
PAT (₹cr)135138160161169180120205
↳ change QoQ—+2.2%+16.0%+0.4%+5.0%+6.5%-33.3%+70.8%
Net margin7.5%7.2%7.6%7.4%7.6%7.8%4.9%7.9%
EPS (₹)1.972.012.332.272.392.541.702.90
D/E————————
YoY growth · Mar '26Revenue +19.5% YoYPAT +27.3% YoY

Corporate announcements

Filings to the exchange — capital actions, earnings and governance. Most recent first.

  • 9 Sep '26
    LOWgovernance
    ESOP/ESOS/ESPS
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 4 Sep '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 28 Aug '26
    LOWgovernance
    ESOP/ESOS/ESPS
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 20 Aug '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 19 Aug '26
    LOWgovernance
    ESOP/ESOS/ESPS
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 12 Aug '26
    LOWgovernance
    ESOP/ESOS/ESPS
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 11 Aug '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 11 Aug '26
    MEDIUMcapital
    Press Release
    ›

    An exchange filing — open the original disclosure on NSE for the full text.

    View original filing on NSE ↗
  • 6 Aug '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 6 Aug '26
    MEDIUMearnings
    Investor Presentation
    ›

    An exchange filing — open the original disclosure on NSE for the full text.

    View original filing on NSE ↗
  • 6 Aug '26
    MEDIUMearnings
    Investor Presentation
    ›

    An exchange filing — open the original disclosure on NSE for the full text.

    View original filing on NSE ↗
  • 6 Aug '26
    HIGHearnings
    Outcome of Board Meeting
    ›

    An exchange filing — open the original disclosure on NSE for the full text.

    View original filing on NSE ↗
  • 5 Aug '26
    LOWgovernance
    ESOP/ESOS/ESPS
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 31 Jul '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗
  • 21 Jul '26
    LOWgovernance
    Analysts/Institutional Investor Meet/Con. Call Updates
    ›

    A governance / disclosure filing — lower signal weight, context only.

    View original filing on NSE ↗

…and 5 more.

Ownership

Who holds FSL

Mutual funds holding FSL (10)

FundWeightAUM ₹crGrade
HDFC Small Cap Gr4.24%41,679
Canara Robeco Small Cap Reg Gr1.28%14,231
ICICI Pru Technology Gr0.61%13,540
Axis Multicap Reg Gr0.56%10,973
Tata Digital India Reg Gr2.23%10,214
Edelweiss Small Cap Reg Gr1.02%6,825
Aditya BSL Mid Cap Gr0.54%6,723
Aditya BSL Small Cap Gr1.18%5,865
UTI Small Cap Reg Gr1.00%5,263
SBI Technology Opportunities Reg Gr3.95%4,592

ETFs holding FSL (1)

ETFWeightGrade
Zerodha Nifty Smallcap 100 ETF0.81%
Show company profile (about, sector, employees, IPO)
Native from atlas_foundation — lens journal, technical_daily, ohlcv_stock; TradingView for the live instrument view. ← Back to IT