Firstsource Solutions Ltd Share Price Target 2024, 2025 to 2030

Firstsource Solutions Limited, a key player in the global business process management (BPM) industry, is an integral part of the esteemed RP-Sanjiv Goenka Group. Renowned for its specialized expertise, Firstsource provides transformative solutions and services that cover the entire customer lifecycle. The company’s offerings span a wide range of industries, including Healthcare, Banking and Financial Services, Communications, Media and Technology, among others. With a robust presence in major international markets such as the United States, the United Kingdom, India, Mexico, Australia, and the Philippines, Firstsource has established itself as a trusted growth partner for leading global brands, including numerous Fortune 500 and FTSE 100 companies.

What sets Firstsource apart is its ability to solve complex challenges for its clients through the synergy of hyper-focused, domain-centric teams and cutting-edge technologies. The company leverages advanced data analytics and state-of-the-art tech solutions to drive innovation and deliver tangible results. Firstsource’s real-world practitioners work closely with clients to understand their unique needs and deliver future-ready solutions that not only address current issues but also pave the way for sustainable growth. By fostering deep collaboration and focusing on delivering high-impact outcomes, Firstsource ensures that it remains a valued partner for businesses worldwide, helping them navigate the ever-evolving landscape of global markets.

Recent News on Firstsource Solutions Ltd

Firstsource Solutions Ltd, a prominent global business process management company under the RP-Sanjiv Goenka Group, recently announced the allotment of 929,895 shares under their ESOP 2003 and CSOP 2019 plans, demonstrating their commitment to employee engagement and growth. Additionally, the company has scheduled an Analyst and Institutional Investor Meeting on August 23, 2024, in Mumbai, emphasizing their focus on stakeholder communication. Financially, Firstsource delivered strong results for the second quarter of fiscal year 2024, with revenues of ₹15,400 million (approximately $186 million), reflecting a 3.5% year-over-year increase, and a remarkable 30.3% rise in EBIT to ₹1,634 million, showcasing their continued growth and operational efficiency.

Shareholding Patterns of Firstsource Solutions Ltd

The shareholding pattern of Firstsource Solutions Ltd between June 2023 and June 2024 reveals consistent promoter ownership, holding steady at 53.66% across all quarters. Foreign Institutional Investors (FIIs) made slight reductions, decreasing their stake from 9.99% in June 2023 to 9.36% by June 2024. Meanwhile, Domestic Institutional Investors (DIIs) significantly increased their stake, rising from 15.17% to 19.52% during the same period, signaling enhanced institutional interest. Public shareholding saw a gradual decline from 19.12% to 16.15%, while the “Others” category reduced from 2.06% to 1.32%. Additionally, the number of shareholders decreased from 2,95,283 in June 2023 to 2,58,789 in June 2024, indicating a streamlined shareholder base.

How To Purchase Firstsource Solutions Ltd Shares?

Below are the trading platforms that you can use to purchase Firstsource Solutions Ltd shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Firstsource Solutions Ltd Share Price Target: 2024 To 2030

Firstsource Solutions Ltd Share Price Target 2024

Firstsource Solutions Ltd Share Price Prediction 2025

As we step into January 2025, Firstsource Solutions Ltd is expected to see a maximum price of ₹359.50, with a minimum of ₹276.54. By December 2025, the company’s stock price is projected to reach a maximum of ₹418.65, with a minimum of ₹322.04.

Firstsource Solutions Ltd Share Price Target 2026

Firstsource Solutions Ltd Share Price Target 2027

Firstsource Solutions Ltd Share Price Prediction 2028

Firstsource Solutions Ltd Share Price Target 2029

Firstsource Solutions Ltd Share Price Prediction 2030

In January 2030, Firstsource Solutions Ltd is anticipated to reach a maximum price of ₹903.17 and a minimum price of ₹694.75. By December 2030, the company’s stock price is expected to peak at ₹1,079.51, with a minimum of ₹830.39.

Financial Condition of Firstsource Solutions Ltd: Last 5 Years

Sales and Revenue Growth:

• The company’s sales increased steadily from ₹4,099 crores in March 2020 to ₹6,336 crores in March 2024. This shows consistent growth over the years, with the latest TTM (Trailing Twelve Months) figure reaching ₹6,598 crores.

Expenses and Operating Profit:

• Expenses rose alongside revenue, from ₹3,445 crores in March 2020 to ₹5,342 crores in March 2024, aligning with the company’s growth.
• Operating Profit saw an increase from ₹654 crores in March 2020 to ₹995 crores in March 2024. However, the Operating Profit Margin (OPM) fluctuated, maintaining 17% in FY21 and FY22, dipping to 14% in FY23, and recovering to 16% in FY24.

Profitability and Earnings:

• The company’s net profit improved from ₹340 crores in March 2020 to ₹515 crores in March 2024, with a TTM figure of ₹524 crores.
• EPS grew from ₹4.9 in March 2020 to ₹7.31 in March 2024, with a TTM EPS of ₹7.45.
• The Dividend Payout Ratio varied over the years, peaking at 58% in March 2021 before settling at 47% in March 2023 and March 2024.

Other Metrics:

• Interest expenses increased from ₹83 crores in March 2020 to ₹142 crores in March 2024.
• Depreciation showed a slight upward trend, reaching ₹260 crores in March 2024.
• Despite fluctuations, the company maintained a positive profit before tax, growing from ₹394 crores in March 2020 to ₹630 crores in March 2024.

Overall, Firstsource Solutions Ltd demonstrated strong financial growth, supported by increased revenues and controlled expenses, resulting in improved profitability and stable dividend payouts.