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FSL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.3

Stock Code FSL Market Cap 16,115 Cr. Current Price 228 ₹ High / Low 404 ₹
Stock P/E 34.3 Book Value 37.2 ₹ Dividend Yield 2.42 % ROCE 16.9 %
ROE 15.3 % Face Value 10.0 ₹ DMA 50 263 ₹ DMA 200 315 ₹
Chg in FII Hold -0.05 % Chg in DII Hold 0.56 % PAT Qtr 144 Cr. PAT Prev Qtr 98.0 Cr.
RSI 42.1 MACD -15.2 Volume 21,68,214 Avg Vol 1Wk 16,56,970
Low price 201 ₹ High price 404 ₹ PEG Ratio -88.0 Debt to equity 0.32
52w Index 13.4 % Qtr Profit Var 39.8 % EPS 5.44 ₹ Industry PE 21.9

📊 Core Financials

  • Revenue growth: PAT improved to 144 Cr. from 98 Cr., showing strong quarterly growth
  • Profit margins: EPS at 5.44 ₹, ROE 15.3%, ROCE 16.9% — moderate efficiency
  • Debt ratios: Debt-to-equity at 0.32, manageable but not debt-free
  • Cash flows: Profitability supports healthy cash generation
  • Return metrics: ROE and ROCE slightly above average, but not industry-leading

💹 Valuation Indicators

  • P/E Ratio: 34.3, above industry PE of 21.9, reflects premium valuation
  • P/B Ratio: ~6.13 (228 ₹ / 37.2 ₹), relatively high
  • PEG Ratio: -88.0, distorted due to earnings volatility
  • Intrinsic Value: Current price appears overvalued compared to industry norms

🏢 Business Model & Competitive Advantage

  • Operates in IT services and BPM sector
  • Competitive advantage through diversified client base and outsourcing expertise
  • Industry demand supported by digital transformation and global outsourcing trends

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 210–220 ₹ range
  • Long-Term Holding: Recommended with caution; fundamentals are stable but valuation is stretched

✅ Positive

  • PAT growth of 39.8% quarter-on-quarter
  • Dividend yield at 2.42% provides shareholder returns
  • DII holding increased (+0.56%)

⚠️ Limitation

  • P/E ratio (34.3) above industry average
  • P/B ratio at ~6.13 is relatively high
  • PEG ratio (-88.0) indicates distorted valuation

📰 Company Negative News

  • FII holding decreased (-0.05%)
  • Stock trading below DMA 50 (263 ₹) and DMA 200 (315 ₹), showing weak momentum
  • MACD at -15.2 indicates bearish sentiment

🌟 Company Positive News

  • PAT increased to 144 Cr. from 98 Cr.
  • DII holding increased (+0.56%)
  • Dividend yield at 2.42% adds shareholder value

🏭 Industry

  • Industry PE at 21.9, FSL trades at a premium
  • Sector benefits from global outsourcing demand and digital transformation initiatives

🔎 Conclusion

  • FSL shows stable fundamentals with consistent profitability and moderate efficiency
  • Valuation is stretched compared to industry peers, limiting near-term upside
  • Recommended for long-term holding only at lower entry levels (210–220 ₹) with cautious optimism

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