Due to its strong position in the financial markets, FSL has gained recognition as a top provider of IT and ITES services. FSL Share Price Goal for 2024 It is important to understand FSL's business performance, market trends, and industry-related changes when evaluating a company's share price objective.
If you want to know what the FSL share price target is for 2025, 2026, 2027, 2028, 2029, and 2030, this post will be important for you. The firm's share price can be influenced by its innovative strategies, exceptional customer service, and ambitions to expand worldwide.
As a result, variables reflecting the company's financial stability, competitive position in the market, and ability to promote technological advancements will soon determine FSL's share price objective.
Let's look at the FSL share price target for this company and its potential future worth.
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FSL (Firstsource Solutions Limited) Company Overview
Indian business process management firm Firstsource Solutions Ltd. has its corporate headquarters in Mumbai, India. The company is owned by the RP-Sanjiv Goenka Group. Firstsource provides business process management to the media and telecommunications, banking and financial services, customer services, and healthcare industries.
Share Price Current Performance And Market Indicators
Open Price: ₹316.30
Today’s Low Price: ₹311.55
Today's High Price: ₹320.90
Current Price: ₹315.90
Market capitalization: ₹22,205 crore
P/E Ratio: 42.40
ROE: 13.91%
Dividend Yield: 1.10%
52-Week Low: ₹148.30
52-Week High: ₹343.90
Price Change Over the Past Year: +86.04% (₹+145.15 Increase)
Currently trading at ₹315.90, Firstsource Solutions Limited (FSL) is trading close to its day's opening price of ₹316.30. The stock price witnessed some intraday volatility, moving between a low ₹311.55 and a high ₹320.90. FSL is a leading company in its industry, with a market valuation of ₹22,205 crore. With a price increase ₹145.15 from its 52-week low ₹148.30 to a high ₹343.90, the company has grown impressively in the last year, gaining 86.04%. The stock's strong investor expectations are reflected in its P/E ratio of 42.40, while its respectable profitability is indicated by its ROE of 13.91%. Furthermore, shareholders can benefit from a moderate income stream thanks to the dividend yield of 1.10%.
FSL Shareholding
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
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Promoters | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% |
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Retails and others | 21.20% | 19.91% | 18.30% | 17.49% | 17.47% |
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Mutual Funds | 13.43% | 14.48% | 16.19% | 17.14% | 17.16% |
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Foreign Institutions
| 9.98% | 10.22% | 9.89% | 9.59% | 9.36% |
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Other Domestic Institutions | 1.73% | 1.74% | 1.97% | 2.12% | 2.35% |
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FSL Share Price Target 2024
In 2023, most Indian equities, including FSL, witnessed a spectacular rally. Despite the first months of consolidation, the market's optimistic outlook is expected to remain in the first quarter of 2024. Technical data indicates that the lowest share price target of FSL for 2024 is estimated at ₹260.93, while the highest price target is estimated at ₹354.91.
FSL Share Price Target 2025
FSL wants to advance its digital transformation efforts by 2025. The adoption of cutting-edge technology such as automation and artificial intelligence (AI) is expected to save operational costs and improve service efficiency. Expanding the market will diversify income sources and boost share price growth, especially in the US and Europe. If we look at the projected minimum share price target of FSL in 2025, it is ₹450, and the projected highest could be ₹470.
FSL Share Price Target 2026
Based on market data, FSL's minimum share price target is estimated to be ₹414, while its maximum share price is ₹465. Firstsource Solutions Limited's first price target for 2026 is estimated to be ₹414. Firstsource Solutions Limited's mid-year price forecast may reach ₹389 in a positive market. Considering optimistic market trends, Firstsource Solutions Limited's price target is estimated to reach ₹465 by the end of 2026.
FSL Share Price Target 2027
FSL's share price is expected to rise slightly in 2027. Analysts predict that the stock will trade in a range between ₹610, which is the low target, and ₹630, which is the high target. This forecast reflects confidence in the company's growth potential and market stability in the coming years, indicating a relatively stable but positive outlook for the company's shares. It is normal for investors to expect price fluctuations within this range, which is an indicator of both cautious and bullish market views.
FSL Share Price Target 2028
A strong performance within a certain range is expected for FSL's stock price in 2028. Analysts predict that the stock will likely trade between INR 700, which is the low target, and INR 740, which is the high target. This range reflects confidence in the company's future growth and stability and suggests a positive outlook for the company's financial health and market position. Due to the company's strategic initiatives and favorable market conditions, investors should expect a consistent upward movement in the stock price.
FSL Share Price Target 2029
The initial price target of Firstsource Solutions Limited is expected to be ₹790 in 2029. The mid-year price target of Firstsource Solutions Limited can reach ₹798 in a favorable market environment. Based on positive market trends, the price target of Firstsource Solutions Limited can potentially reach ₹810 by the end of 2029.
FSL Share Price Target 2030
FSL expects to experience stable growth through operational excellence and digital innovation until 2030. Its commitment to making the most of the digital age and improving provider delivery will help it grow in the long run. Strong financial average overall performance, market management, and innovation will be the main drivers of superior ratio fees. If we look at all the prospects of this stock, the low target of the expected price of this stock for 2030 can be up to ₹940, and the expected high price can be up to ₹1000.
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Balance Sheet of FSL
Balance Sheet of Firstsource Solutions (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths |
EQUITIES AND LIABILITIES |
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SHAREHOLDER'S FUNDS |
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Equity Share Capital | 696.99 | 696.99 | 696.99 | 696.1 | 693.83 |
Total Share Capital | 696.99 | 696.99 | 696.99 | 696.1 | 693.83 |
Reserves and Surplus | 1,666.68 | 1,542.20 | 1,571.40 | 1,447.57 | 1,359.40 |
Total Reserves and Surplus | 1,666.68 | 1,542.20 | 1,571.40 | 1,447.57 | 1,359.40 |
Total Shareholders Funds | 2,410.73 | 2,304.35 | 2,319.83 | 2,172.03 | 2,065.22 |
NON-CURRENT LIABILITIES |
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Long Term Borrowings | 4.22 | 3.79 | 4.24 | 8.99 | 2.78 |
Deferred Tax Liabilities [Net] | 0 | 0 | 0 | 0 | 0 |
Other Long Term Liabilities | 283.58 | 115.97 | 213.62 | 196.72 | 177.17 |
Long Term Provisions | 18.78 | 13.7 | 0 | 0 | 0 |
Total Non-Current Liabilities | 306.58 | 133.46 | 217.85 | 205.71 | 179.95 |
CURRENT LIABILITIES |
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Short Term Borrowings | 3.22 | 4.39 | 7.27 | 0 | 0 |
Trade Payables | 89.81 | 52.83 | 46.6 | 39.35 | 30.86 |
Other Current Liabilities | 141.62 | 112.55 | 156.02 | 193.3 | 83.67 |
Short Term Provisions | 12.66 | 11.63 | 0.59 | 18.1 | 5.94 |
Total Current Liabilities | 247.3 | 181.39 | 210.48 | 250.75 | 120.47 |
Total Capital And Liabilities | 2,964.60 | 2,619.20 | 2,748.16 | 2,628.52 | 2,365.63 |
ASSETS |
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NON-CURRENT ASSETS |
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Tangible Assets | 396.64 | 193.57 | 298.04 | 271.5 | 230.14 |
Intangible Assets | 8.96 | 14.47 | 14.65 | 19.85 | 18.55 |
Capital Work-In-Progress | 13.63 | 3.42 | 0 | 0 | 0 |
Other Assets | 0 | 0 | 0 | 0 | 0 |
Fixed Assets | 419.23 | 211.47 | 312.69 | 291.36 | 248.69 |
Non-Current Investments | 1,235.07 | 1,232.36 | 1,220.85 | 1,207.27 | 1,198.69 |
Deferred Tax Assets [Net] | 284.56 | 280.47 | 279.16 | 267.41 | 247.98 |
Long Term Loans And Advances | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 144.89 | 113.73 | 128.92 | 159.26 | 164.83 |
Total Non-Current Assets | 2,083.75 | 1,838.03 | 1,941.62 | 1,925.30 | 1,860.19 |
CURRENT ASSETS |
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Current Investments | 30.03 | 56.05 | 115.19 | 79.32 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 |
Trade Receivables | 729.32 | 637.46 | 536.87 | 519.99 | 373.55 |
Cash And Cash Equivalents | 51.8 | 21.48 | 25.94 | 15.64 | 46.09 |
Short Term Loans And Advances | 0 | 0 | 0 | 0 | 0 |
OtherCurrentAssets | 69.7 | 66.19 | 128.55 | 88.28 | 85.8 |
Total Current Assets | 880.85 | 781.17 | 806.54 | 703.22 | 505.44 |
Total Assets | 2,964.60 | 2,619.20 | 2,748.16 | 2,628.52 | 2,365.63 |
OTHER ADDITIONAL INFORMATION |
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CONTINGENT LIABILITIES, COMMITMENTS |
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Contingent Liabilities | 1,639.23 | 1,609.26 | 1,863.89 | 1,619.68 | 1,441.55 |
CIF VALUE OF IMPORTS |
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Raw Materials | 0 | 0 | 0 | 0 | 0 |
Stores, Spares And Loose Tools | 0 | 0 | 0 | 0 | 0 |
Trade/Other Goods | 0 | 0 | 0 | 0 | 0 |
Capital Goods | 0 | 0 | 0 | 0 | 0 |
EXPENDITURE IN FOREIGN EXCHANGE |
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Expenditure In Foreign Currency | 5.91 | 6.15 | 16.31 | 6.24 | 6.95 |
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS |
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Dividend Remittance In Foreign Currency | -- | -- | -- | -- | -- |
EARNINGS IN FOREIGN EXCHANGE |
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FOB Value Of Goods | -- | -- | -- | -- | -- |
Other Earnings | 1,592.15 | 1,267.18 | 1,361.82 | 1,154.12 | 770.34 |
BONUS DETAILS |
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Bonus Equity Share Capital | -- | -- | -- | -- | -- |
NON-CURRENT INVESTMENTS |
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Non-Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Non-Current Investments Unquoted Book Value | 1,235.07 | 1,232.36 | 1,220.85 | 1,207.27 | 1,198.69 |
CURRENT INVESTMENTS |
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Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Current Investments Unquoted Book Value | 30.03 | 56.05 | 115.19 | 79.32 | -- |
This balance sheet is referred to from the Moneycontrol website.
Conclusion
With a market valuation of ₹22,205 crore, strong price growth over the past year and a favorable P/E ratio of 42.40, FSL's prospects appear promising. Still, given that the stock is currently trading close to its 52-week high, future price targets are likely dependent on both market conditions and continued performance gains. When determining future targets for FSL's stock price, investors should take into account both growth prospects and valuation metrics.
FAQs
1. Is FSL a good buy now?
FSL has grown at an impressive rate of 86.04% over the past year, but its high price to earnings ratio suggests that the stock may already be fully valued. Investors need to consider both the current price and the growth potential.
2. What is the long term target for FSL?
The long-term goal will rely on FSL's capacity to keep up its profitable growth rate. If the company continues to perform well, there could be a large upside, but achieving specific goals would require more research into the fundamentals of the business and the market.
3. What is the future of FirstSource Solutions stock?
With its strong financials and steady growth trajectory, FSL's future appears bright. Its current high valuation makes it imperative to maintain profitability and adjust to changing market conditions to sustain this performance.
Disclaimer
This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time.
We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories.
If you have any corrections or find any wrong information, do let us know on our official email ID, [email protected]