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Coforge Limited COFORGE NIFTY_MIDNSEAITECH

Technology · Information Technology Services · India
https://www.coforge.com
Company Profile ↓
₹1,555.30
-17.04% 1Y
Mkt Cap₹52,228.68 Cr
P/E33.88
P/B5.43
Div. Yield1.06%
52W High₹1,973.19
52W Low₹1,073.90
Book Value₹284.02
EPS (TTM)₹45.90

Company Overview

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.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 16.3%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 18.7%.

Consistent Profit Growth

Net profit has compounded at 30.9% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 27.0% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.08.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹16,402.70 Cr (+35.9% YoY); net profit ₹1,555.70 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +35.9%, earnings +91.6%.
  • 5-Year Trend Long-term compounding — revenue CAGR 27.0%, profit CAGR 30.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:26.96%
1 Year:35.86%

Compounded Profit Growth

5 Years:30.89%
1 Year:91.57%

Stock Price Performance

1 Year:-17.04%
6 Months:-8.14%
3 Months:+18.11%
1 Month:+6.18%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI IT Services / AI for BFSI & Travel
Core Focus

Coforge's 'Quasar' is its proprietary GenAI platform for BFSI, insurance and travel verticals. Acquired Cigniti (AI testing) FY25 — combined entity now has AI-led testing/QA at scale. Strong partnerships with Microsoft, ServiceNow, Salesforce.

Key Initiatives
  • Quasar AI platform Coforge's Quasar GenAI platform delivers domain-specific AI solutions for BFSI, insurance and travel — its core verticals — accelerating client transformation deals.
  • AI-led product engineering GenAI-assisted engineering and automation improve delivery productivity and support large, multi-year deal wins.
  • Partner AI ecosystem Deep partnerships (e.g., with hyperscalers and platform vendors) embed Coforge in clients' enterprise-AI roadmaps.
Why Investors Should Care
  • One of the fastest-growing mid-cap IT names (~36% recent revenue growth) with AI front-and-centre.
  • Strong large-deal momentum and ROCE ~24% support durable growth.
  • AI-led offerings help defend pricing as the industry shifts to outcome-based deals.
  • Premium P/E ~36 leaves little room for execution slips.
AI InvestmentQuasar platform development, AI labs in Greater Noida, AI talent acquisition via Cigniti integration.
AI RevenuePro-forma FY25 revenue $1.6B+ post-Cigniti; AI testing + GenAI services growing >25% YoY.
ROI (Now)EBITDA margin ~17-18%; revenue growth 12-15% CC. AI-led deal mix rising sharply post-Cigniti.
ROI (Expected)Management guides $2B+ revenue by FY26-27 with AI as primary growth lever. Strong order book provides visibility.

Curated from public filings and analyst commentary; figures are illustrative.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 27.0% over 5 years.
  • Profit CAGR of 30.9% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
33.88
Industry PE
27.67
Forward P/E
22.72
PEG Ratio
-
Book Value
₹284.02
Price to Book
5.43
P/S
4.16
EV/EBITDA
16.91
Dividend Yield
1.06%

Growth (CAGR)

Revenue 5Y
26.96%
Profit 5Y
30.89%
Revenue (YoY)
35.86%
Earnings (YoY)
91.57%

Profitability & Returns

ROCE
18.74%
ROE
16.31%
ROA
10.45%
Profit Margin
9.48%
Op Margin
14.42%
Gross Margin
36.43%
EPS (Latest Qtr)
₹18.10
EPS (TTM)
₹45.90

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
1.47
Current Ratio
1.61
Debt
₹727.80 Cr
Total Assets
₹14,881.40 Cr
Current Assets
₹5,905.80 Cr
Working Capital
₹2,236.40 Cr

Ownership

Promoter Holding
21.82%
Chg in Prom Hold
0.01%
FII / Inst Holding
53.06%
Chg in FII Hold
-0.64%

Financial Snapshot

Enterprise Value
₹52,228.68 Cr
Total Revenue (TTM)
₹16,402.70 Cr
EBITDA
₹2,783.30 Cr
Free Cash Flow
₹1,049.20 Cr
Operating Cash Flow
₹1,791.70 Cr
Shares Outstanding
₹33.58 Cr
Gross Margin
36.43%
Payout Ratio
36.05%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 COFORGE Coforge Limited NIFTY_MIDNSEAITECH 1,555.30 33.88 ₹52,228.68 Cr 1.06% 18.74% 16.31% 26.96% 30.89%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,173.50 15.98 ₹7.86 L Cr 3.14% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,084.40 1,355.50 ₹4.40 L Cr 4.68% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,176.30 18.35 ₹3.19 L Cr 8.25% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 175.97 14.01 ₹1.85 L Cr 9.69% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,474.20 27.20 ₹1.44 L Cr 3.51% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,076.50 24.10 ₹1.21 L Cr 1.86% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,535.10 61.82 ₹1.04 L Cr 0.00% 27.64% 21.98% 0.98% -
9 OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH 11,729.00 38.82 ₹1.02 L Cr 5.71% 43.24% 33.72% 10.42% 13.48%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 2,170.00 Cr2,221.00 Cr2,276.00 Cr2,323.00 Cr2,318.00 Cr2,357.00 Cr3,026.00 Cr3,258.10 Cr3,422.20 Cr3,688.60 Cr3,986.00 Cr4,188.10 Cr4,450.40 Cr
Cost of Revenue -------1,959.10 Cr2,256.60 Cr2,216.80 Cr-2,333.10 Cr2,755.10 Cr
Gross Profit -------1,299.00 Cr1,165.60 Cr1,471.80 Cr-1,855.00 Cr1,695.30 Cr
Operating Expenses 1,874.00 Cr1,915.00 Cr1,935.00 Cr1,928.00 Cr1,929.00 Cr2,048.00 Cr2,603.00 Cr980.40 Cr747.30 Cr1,078.80 Cr3,253.00 Cr1,295.60 Cr958.50 Cr
Operating Income 224.00 Cr230.00 Cr264.00 Cr314.00 Cr311.00 Cr237.00 Cr309.00 Cr318.60 Cr418.30 Cr393.00 Cr560.00 Cr559.40 Cr736.80 Cr
EBITDA 296.00 Cr306.00 Cr341.00 Cr395.00 Cr390.00 Cr309.00 Cr423.00 Cr488.90 Cr558.40 Cr570.80 Cr732.00 Cr596.50 Cr845.00 Cr
Interest Expense 20.00 Cr22.00 Cr32.00 Cr35.00 Cr37.00 Cr32.00 Cr30.00 Cr32.20 Cr39.70 Cr46.20 Cr41.00 Cr41.50 Cr40.00 Cr
Pretax Income 155.00 Cr224.00 Cr241.00 Cr294.00 Cr288.00 Cr211.00 Cr320.00 Cr340.20 Cr393.30 Cr365.40 Cr558.00 Cr384.20 Cr625.00 Cr
Tax Provision 38.75 Cr49.28 Cr53.02 Cr52.92 Cr57.60 Cr71.74 Cr86.40 Cr87.00 Cr87.40 Cr79.20 Cr133.92 Cr87.50 Cr-41.20 Cr
Net Income 117.00 Cr176.00 Cr188.00 Cr243.00 Cr229.00 Cr139.00 Cr234.00 Cr215.50 Cr261.20 Cr317.40 Cr425.00 Cr250.20 Cr612.30 Cr
Diluted EPS 3.765.415.887.717.243.996.066.397.739.3811.237.3818.10

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 2,372.00 Cr2,688.00 Cr2,802.00 Cr2,991.00 Cr3,676.00 Cr4,184.00 Cr4,663.00 Cr-8,014.60 Cr9,008.90 Cr12,073.30 Cr16,402.70 Cr
Cost of Revenue --------5,081.00 Cr5,780.00 Cr8,149.10 Cr10,427.10 Cr
Gross Profit --------2,933.60 Cr3,228.90 Cr3,924.20 Cr5,975.60 Cr
Operating Expenses 2,036.00 Cr2,214.00 Cr2,322.00 Cr2,489.00 Cr3,026.00 Cr3,459.00 Cr3,882.00 Cr-1,898.00 Cr2,066.10 Cr2,630.00 Cr3,611.10 Cr
Operating Income 245.00 Cr353.00 Cr352.00 Cr375.00 Cr525.00 Cr552.00 Cr597.00 Cr-1,035.60 Cr1,162.80 Cr1,294.20 Cr2,364.50 Cr
EBITDA 337.00 Cr474.00 Cr480.00 Cr502.00 Cr650.00 Cr725.00 Cr781.00 Cr-1,286.50 Cr1,508.90 Cr1,899.10 Cr2,783.30 Cr
Interest Expense 6.00 Cr8.00 Cr6.00 Cr9.00 Cr9.00 Cr16.00 Cr14.00 Cr-76.80 Cr120.50 Cr134.70 Cr168.60 Cr
Pretax Income 176.00 Cr365.00 Cr351.00 Cr404.00 Cr562.00 Cr595.00 Cr596.00 Cr-951.20 Cr1,069.80 Cr1,296.10 Cr1,932.80 Cr
Tax Provision 54.56 Cr76.65 Cr77.22 Cr96.96 Cr140.50 Cr124.95 Cr131.12 Cr-206.10 Cr220.90 Cr332.60 Cr258.30 Cr
Net Income 122.00 Cr287.00 Cr272.00 Cr309.00 Cr422.00 Cr468.00 Cr466.00 Cr-693.80 Cr808.00 Cr812.10 Cr1,555.70 Cr
Diluted EPS 3.748.838.159.1213.0614.2115.04-22.3125.9224.4145.90

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 1,977.00 Cr2,285.00 Cr2,407.00 Cr2,624.00 Cr2,834.00 Cr3,400.00 Cr3,484.00 Cr-5,683.40 Cr6,107.70 Cr12,490.70 Cr14,881.40 Cr
Current Assets --------2,606.40 Cr2,602.50 Cr4,761.50 Cr5,905.80 Cr
Cash & Equivalents --------569.90 Cr321.30 Cr795.60 Cr1,093.60 Cr
Inventory ------------
Receivables --------1,613.10 Cr1,803.90 Cr2,577.10 Cr3,970.00 Cr
Total Liabilities --------2,513.50 Cr2,380.80 Cr4,161.70 Cr5,200.80 Cr
Current Liabilities --------1,739.30 Cr1,531.50 Cr2,780.00 Cr3,669.40 Cr
Long Term Debt --------338.20 Cr339.90 Cr6.70 Cr116.70 Cr
Total Debt 9.00 Cr10.00 Cr25.00 Cr22.00 Cr14.00 Cr35.00 Cr83.00 Cr-562.20 Cr726.00 Cr1,070.40 Cr727.80 Cr
Total Equity 1,357.00 Cr1,572.00 Cr1,686.00 Cr1,774.00 Cr2,072.00 Cr2,396.00 Cr2,467.00 Cr-3,082.50 Cr3,626.60 Cr6,379.20 Cr9,537.60 Cr
Shares Outstanding --------30.54 Cr30.91 Cr33.44 Cr33.58 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 258.00 Cr360.00 Cr472.00 Cr382.00 Cr453.00 Cr297.00 Cr762.00 Cr-950.50 Cr903.40 Cr1,237.10 Cr1,791.70 Cr
Investing Cash Flow -184.00 Cr-223.00 Cr-343.00 Cr-248.00 Cr-237.00 Cr136.00 Cr-86.00 Cr--271.60 Cr-247.80 Cr-2,448.30 Cr-434.80 Cr
Financing Cash Flow -66.00 Cr-73.00 Cr-67.00 Cr-74.00 Cr-106.00 Cr-133.00 Cr-696.00 Cr--558.20 Cr-887.00 Cr1,675.30 Cr-1,093.70 Cr
Capital Expenditure -187.00 Cr-160.00 Cr-85.00 Cr-88.00 Cr-68.00 Cr-70.00 Cr-75.00 Cr--158.20 Cr-265.50 Cr-614.40 Cr-742.50 Cr
Free Cash Flow 71.00 Cr200.00 Cr387.00 Cr294.00 Cr385.00 Cr227.00 Cr687.00 Cr-792.30 Cr637.90 Cr622.70 Cr1,049.20 Cr
Net Change in Cash 7.00 Cr64.00 Cr62.00 Cr60.00 Cr109.00 Cr300.00 Cr-20.00 Cr-120.70 Cr-231.40 Cr464.10 Cr263.20 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------36.6%35.8%32.5%36.4%
Operating Margin % 10.3%13.1%12.6%12.5%14.3%13.2%12.8%-12.9%12.9%10.7%14.4%
Net Margin % 5.1%10.7%9.7%10.3%11.5%11.2%10.0%-8.7%9.0%6.7%9.5%
ROE % 9.0%18.3%16.1%17.4%20.4%19.5%18.9%-22.5%22.3%12.7%16.3%
ROCE % --------26.3%25.4%13.3%21.1%

Shareholding Pattern

Insiders
21.82%
Institutions
53.06%
Public Float
67.87%

Analyst View

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Latest News

Recent headlines for COFORGE

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COFORGE — Frequently Asked Questions

What is the current share price of Coforge Limited (COFORGE)?

As of 2026-07-15 09:52 IST, Coforge Limited (COFORGE) trades at ₹1,555.30 on NSE. Its 52-week range is ₹1,073.90 to ₹1,973.19.

What is the market capitalisation of COFORGE?

Coforge Limited (COFORGE) has a market capitalisation of ₹52,228.68 Cr on NSE.

What is the P/E ratio of COFORGE?

COFORGE trades at a trailing price-to-earnings (P/E) ratio of 33.88. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 5.43.

Does COFORGE pay a dividend?

Coforge Limited (COFORGE) currently offers a dividend yield of 1.06%.

What is the return on equity (ROE) of COFORGE?

COFORGE has a return on equity (ROE) of 16.31%. Its return on capital employed (ROCE) is 18.74%.

Is COFORGE a good stock to buy?

This page provides a data-driven analysis of Coforge Limited (COFORGE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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