Comparison · NSE · data 2026-11-02
Firstsource Solutions Limited vs L&T Technology Services Ltd.
In plain words
Size: L&T Technology Services Ltd. is about 2.2 times the market value of Firstsource Solutions Limited.
Return on equity: L&T Technology Services Ltd. 19.6% vs Firstsource Solutions Limited 15.9%.
Profit growth over 3 years: Firstsource Solutions Limited 9.5% a year vs L&T Technology Services Ltd. 1.8% a year.
Debt to equity: Firstsource Solutions Limited 0.67 vs L&T Technology Services Ltd. 0.09.
Differences in the numbers, not a recommendation of either stock.
Side by side
| FSL | LTTS | |
|---|---|---|
| Price | ₹295.9 | ₹4,329.4 |
| Market cap | ₹20,523 cr | ₹45,401 cr |
| P/E | 28.8 | 29.9 |
| P/B | 4.2 | 6.5 |
| ROE | 15.9% | 19.6% |
| ROCE | 20.8% | 22.2% |
| Debt / equity | 0.67 | 0.09 |
| Operating margin | 12.2% | 15.5% |
| Dividend yield | 1.87% | 1.36% |
| Sales growth, 3 years (yearly) | 16.6% | 7.6% |
| Profit growth, 3 years (yearly) | 9.5% | 1.8% |
| 1-year return | -16.3% | 5.3% |
| Revenue, last 12 months | ₹10,577 cr | ₹11,762 cr |
| Net profit, last 12 months | ₹724 cr | ₹1,540 cr |
| Latest quarter | Jun 2026 | Sept 2026 |
| Quarter net profit | ₹166 cr | ₹548 cr |
| Quarter profit vs a year earlier | — | +66.8% |
| Promoter holding | 53.66% | 73.51% |
| Health check | Average (5.8/10) | Strong (6.5/10) |
Common questions
Which has a higher P/E, Firstsource Solutions Limited or L&T Technology Services Ltd.?
L&T Technology Services Ltd. trades at the higher P/E (29.9 against 28.8). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
L&T Technology Services Ltd. (19.6% against 15.9%).
Which carries more debt?
Firstsource Solutions Limited has the higher debt-to-equity ratio (0.67 against 0.09).