Coforge Limited COFORGE NIFTY_MIDNSEAITECH
Coforge Limited provides information technology (IT) and IT-enabled services in India, the Americas, Europe, the Middle East and Africa, India, and the Asia Pacific. The company offers Artificial intelligence services and platforms; and AI (artificial intelligence) and ML (machine learning) services, including predictive analytics, model risk management, and recommendation engine; intelligent automation solutions, such as enterprise and intelligent process automation, and smart application; data analytics solutions, such as data migration, cloud data engineering, master and meta data management, data quality management, data governance, self-service BI, descriptive and customer analytics, and workforce analytics; process consulting services. It also provides engineering services, such as digital and product engineering, legacy modernization, agile transformation, and enterprise integration; quality engineering services, including enterprise package assurance, data and intelligence, digital quality engineering, quality engineering lifecycle automation, and advisory; and in application development and maintenance, managed services, cloud computing, and business process outsourcing services. It serves banking and financial, travel, transportation, hospitality, insurance, healthcare, life science, retail, consumer goods, public sector, energy, and utilities industries. The company has a strategic partnership with Solstice Innovations, Inc. to develop agentic AI-led adoption of modern core insurancemtechnology for P&C insurers. The company was formerly known as NIIT Technologies Limited and changed its name to Coforge Limited in August 2020. Coforge Limited was incorporated in 1992 and is based in Gautam Buddha Nagar, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 27.0% over 5 years.
- Profit CAGR of 30.9% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 27.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | COFORGE Coforge Limited NIFTY_MIDNSEAITECH | 1,421.80 | 32.47 | ₹61,137.39 Cr | 1.13% | 18.74% | 18.60% | 26.96% | 30.89% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 3,258.10 Cr | 3,422.20 Cr | 3,688.60 Cr | 4,188.10 Cr | 4,450.40 Cr |
| Cost of Revenue | 1,959.10 Cr | 2,256.60 Cr | 2,216.80 Cr | 2,333.10 Cr | 2,755.10 Cr |
| Gross Profit | 1,299.00 Cr | 1,165.60 Cr | 1,471.80 Cr | 1,855.00 Cr | 1,695.30 Cr |
| Operating Expenses | 980.40 Cr | 747.30 Cr | 1,078.80 Cr | 1,295.60 Cr | 958.50 Cr |
| Operating Income | 318.60 Cr | 418.30 Cr | 393.00 Cr | 559.40 Cr | 736.80 Cr |
| EBITDA | 488.90 Cr | 558.40 Cr | 570.80 Cr | 596.50 Cr | 845.00 Cr |
| Interest Expense | 32.20 Cr | 39.70 Cr | 46.20 Cr | 41.50 Cr | 40.00 Cr |
| Pretax Income | 340.20 Cr | 393.30 Cr | 365.40 Cr | 384.20 Cr | 625.00 Cr |
| Tax Provision | 87.00 Cr | 87.40 Cr | 79.20 Cr | 87.50 Cr | -41.20 Cr |
| Net Income | 215.50 Cr | 261.20 Cr | 317.40 Cr | 250.20 Cr | 612.30 Cr |
| Diluted EPS | 6.39 | 7.73 | 9.38 | 7.38 | 18.10 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 8,014.60 Cr | 9,008.90 Cr | 12,073.30 Cr | 16,402.70 Cr |
| Cost of Revenue | - | 5,081.00 Cr | 5,780.00 Cr | 8,149.10 Cr | 10,427.10 Cr |
| Gross Profit | - | 2,933.60 Cr | 3,228.90 Cr | 3,924.20 Cr | 5,975.60 Cr |
| Operating Expenses | - | 1,898.00 Cr | 2,066.10 Cr | 2,630.00 Cr | 3,611.10 Cr |
| Operating Income | - | 1,035.60 Cr | 1,162.80 Cr | 1,294.20 Cr | 2,364.50 Cr |
| EBITDA | - | 1,286.50 Cr | 1,508.90 Cr | 1,899.10 Cr | 2,783.30 Cr |
| Interest Expense | - | 76.80 Cr | 120.50 Cr | 134.70 Cr | 168.60 Cr |
| Pretax Income | - | 951.20 Cr | 1,069.80 Cr | 1,296.10 Cr | 1,932.80 Cr |
| Tax Provision | - | 206.10 Cr | 220.90 Cr | 332.60 Cr | 258.30 Cr |
| Net Income | - | 693.80 Cr | 808.00 Cr | 812.10 Cr | 1,555.70 Cr |
| Diluted EPS | - | 22.31 | 25.92 | 24.41 | 45.90 |
Compounded Sales Growth
| 5 Years: | 26.96% |
| 1 Year: | 30.50% |
Compounded Profit Growth
| 5 Years: | 30.89% |
| 1 Year: | 134.00% |
Stock Price Performance
| 1 Year: | -17.06% |
| 6 Months: | -22.19% |
| 3 Months: | +17.29% |
| 1 Month: | +18.89% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 5,683.40 Cr | 6,107.70 Cr | 12,490.70 Cr | 14,881.40 Cr |
| Current Assets | - | 2,606.40 Cr | 2,602.50 Cr | 4,761.50 Cr | 5,905.80 Cr |
| Cash & Equivalents | - | 569.90 Cr | 321.30 Cr | 795.60 Cr | 1,093.60 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 1,613.10 Cr | 1,803.90 Cr | 2,577.10 Cr | 3,970.00 Cr |
| Total Liabilities | - | 2,513.50 Cr | 2,380.80 Cr | 4,161.70 Cr | 5,200.80 Cr |
| Current Liabilities | - | 1,739.30 Cr | 1,531.50 Cr | 2,780.00 Cr | 3,669.40 Cr |
| Long Term Debt | - | 338.20 Cr | 339.90 Cr | 6.70 Cr | 116.70 Cr |
| Total Debt | - | 562.20 Cr | 726.00 Cr | 1,070.40 Cr | 727.80 Cr |
| Total Equity | - | 3,082.50 Cr | 3,626.60 Cr | 6,379.20 Cr | 9,537.60 Cr |
| Shares Outstanding | - | 30.54 Cr | 30.91 Cr | 33.44 Cr | 33.58 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 950.50 Cr | 903.40 Cr | 1,237.10 Cr | 1,791.70 Cr |
| Investing Cash Flow | - | -271.60 Cr | -247.80 Cr | -2,448.30 Cr | -434.80 Cr |
| Financing Cash Flow | - | -558.20 Cr | -887.00 Cr | 1,675.30 Cr | -1,093.70 Cr |
| Capital Expenditure | - | -158.20 Cr | -265.50 Cr | -614.40 Cr | -742.50 Cr |
| Free Cash Flow | - | 792.30 Cr | 637.90 Cr | 622.70 Cr | 1,049.20 Cr |
| Net Change in Cash | - | 120.70 Cr | -231.40 Cr | 464.10 Cr | 263.20 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 36.6% | 35.8% | 32.5% | 36.4% |
| Operating Margin % | - | 12.9% | 12.9% | 10.7% | 14.4% |
| Net Margin % | - | 8.7% | 9.0% | 6.7% | 9.5% |
| ROE % | - | 22.5% | 22.3% | 12.7% | 16.3% |
| ROCE % | - | 26.3% | 25.4% | 13.3% | 21.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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