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Is Firstsource Solutions the Best Stock in Its Sector? A Look at the Numbers

Firstsource Solutions CMP Rs 273 (12 Oct 2026). Market cap Rs 18,994 Cr. ROE 17.13%. P/E 28.31x versus Industry P/E 17.61x.


12 Oct 2026 • 11:31 am

Is Firstsource Solutions the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Firstsource Solutions is one of the names investors compare when screening the Business Services sector, built on a 17.13% return on equity and a P/E of 28.31x against an Industry P/E of 17.61x. Whether Firstsource Solutions is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Business Services sector peers, so you can judge that for yourself.

Is Firstsource Solutions the best stock in its sector? The stock trades on the NSE at Rs 273 as of 12 October 2026, within its 52-week range of Rs 202.00 to Rs 371.75. Firstsource Solutions Ltd, an RP-Sanjiv Goenka Group company, provides business process management services including customer experience, back-office and digital operations.

Firstsource Solutions sits in the Business Services sector, and its 17.13% ROE and 28.31x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers

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About Firstsource Solutions

Firstsource Solutions Ltd, an RP-Sanjiv Goenka Group company, provides business process management services including customer experience, back-office and digital operations. Its clients are mainly in healthcare, banking and financial services, and communications, media and technology, with a large share of revenue from the US and UK. The stock trades about 27 percent below its 52-week high and about 35 percent above its 52-week low. At a market capitalisation of Rs 18,994 Cr, it is tracked as part of the Business Services sector on Univest.

Is Firstsource Solutions the Best Stock in Its Sector?

Firstsource Solutions makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 17.13% ROE with a 28.31x P/E against the sector's 17.61x Industry P/E. Firstsource Solutions' 28.31x P/E is well above the 17.61x Industry P/E, so investors are paying a premium for a 17.13% ROE, and a 2.02% dividend yield and a 0.67 debt to equity ratio only partly offset that valuation.

Metric Firstsource Solutions
CMP (NSE) Rs 273.15
52-Week High / Low Rs 371.75 / Rs 202.00
Market Cap Rs 18,994 Cr
P/E (TTM) vs Industry P/E 28.31x vs 17.61x
P/B 4.32
ROE 17.13%
EPS (TTM) Rs 9.49
Dividend Yield 2.02%
Debt to Equity 0.67

Compare Firstsource Solutions Against Other Business Services Sector Stocks

How Firstsource Solutions Compares Against Its Business Services Sector Peers

The table below sets Firstsource Solutions against 2 other Business Services sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company Market Cap (Rs Cr) P/E ROE Debt to Equity
Firstsource Solutions 18,994 28.31 17.13% 0.67
eClerx Services 17,510 24.01 27.57% 0.15
Sagility India 20,574 20.73 9.57% 0.12
Peer average (2 companies) - 22.37 18.57% 0.14

Against this peer set, Firstsource Solutions's 17.13% ROE is below the 18.57% peer average, and its P/E of 28.31x runs above the peer average of 22.37x. Firstsource Solutions' 28.31x P/E is well above the 17.61x Industry P/E, so investors are paying a premium for a 17.13% ROE, and a 2.02% dividend yield and a 0.67 debt to equity ratio only partly offset that valuation.

What Makes Firstsource Solutions Worth Watching in Business Services

  • Return ratio: A 17.13% ROE shows healthy profitability for a services business.
  • Dividend income: A 2.02% dividend yield adds a visible payout.
  • Premium valuation: A 28.31x P/E against a 17.61x Industry P/E means expectations are already high.

Firstsource Solutions Valuation: Is It Justified?

Firstsource Solutions' 28.31x P/E is well above the 17.61x Industry P/E, so investors are paying a premium for a 17.13% ROE, and a 2.02% dividend yield and a 0.67 debt to equity ratio only partly offset that valuation. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is VIP Clothing the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Firstsource Solutions and other Business Services sector stocks.

How to Track Firstsource Solutions Before You Invest

Before deciding whether Firstsource Solutions deserves its label as the best stock in its sector for your own portfolio, compare it directly against Business Services sector peers using the steps below.

  1. Open the Univest Screener and search for Firstsource Solutions to view live price, valuation ratios, and peer comparisons within the Business Services sector.
  2. Compare its P/E, P/B, and ROE against other Business Services sector stocks before deciding if the current valuation fits your strategy.
  3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
  4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Firstsource Solutions earns a place in the best stock in its sector conversation on the strength of a 17.13% ROE and a P/E of 28.31x against a 17.61x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Firstsource Solutions the best stock in its sector?

Ans. Firstsource Solutions has a 17.13% ROE and trades at 28.31x P/E against a 17.61x Industry P/E, and compares below the peer average ROE of 18.57% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Firstsource Solutions?

Ans. Firstsource Solutions was trading at Rs 273.15 on the NSE as of 12 October 2026, within its 52-week range of Rs 202.00 to Rs 371.75.

What sector does Firstsource Solutions belong to?

Ans. Firstsource Solutions is classified under the Business Services sector on Univest.

How does Firstsource Solutions compare to its sector peers on P/E?

Ans. Firstsource Solutions's P/E of 28.31x is above the 22.37x average of the 2 named peers compared in this article.

What is Firstsource Solutions's return on equity?

Ans. Firstsource Solutions reported a return on equity of 17.13%, which is below the 18.57% average of its named peers in this comparison.

Should I invest in Firstsource Solutions based on its sector position?

Ans. Firstsource Solutions's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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