Coforge Ltd

Coforge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Coforge Ltd

₹ 1,830 2.04%
10 Jun 4:01 p.m.
coforge.com BSE: 532541 NSE: COFORGE
About

Coforge is an IT services company providing end-to-end software solutions and services. .
It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilise projects for the software division. The company has business partnerships with large IT companies across the world.

Key Points

Acquisition of NIIT Tech
NIIT Technologies Ltd., now known as Coforge, was founded in April 2003. In 2019, NIIT and its founder's family sold their 30.2% stake to Hulst B.V., which subsequently acquired an additional ~40% through an open offer, reaching a 70% stake. Hulst sold off its entire stake by September 30, 2023.[1] [2]

Website BSE NSE
  • Market Cap ₹ 61,219 Cr.
  • Current Price ₹ 1,830
  • High / Low ₹ 2,005 / 1,032
  • Stock P/E 73.2
  • Book Value ₹ 191
  • Dividend Yield 0.83 %
  • ROCE 20.7 %
  • ROE 16.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 59.0%

Cons

  • Stock is trading at 9.60 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE 500 BSE Information Technology BSE 200 BSE Teck Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,743 1,829 1,959 2,056 2,170 2,221 2,276 2,323 2,318 2,401 3,062 3,258 3,410
1,430 1,541 1,622 1,696 1,874 1,915 1,935 1,928 1,929 2,108 2,650 2,823 2,883
Operating Profit 312 289 337 360 296 306 341 395 390 293 412 435 527
OPM % 18% 16% 17% 17% 14% 14% 15% 17% 17% 12% 13% 13% 15%
23 14 14 32 -50 16 9 15 14 25 56 56 33
Interest 18 18 21 22 20 22 32 35 37 32 30 32 40
Depreciation 58 63 61 62 72 76 77 81 79 82 124 116 125
Profit before tax 259 221 268 307 155 224 241 294 288 205 314 343 395
Tax % 13% 22% 18% 23% 25% 22% 22% 18% 20% 32% 25% 25% 22%
225 172 221 236 117 176 188 243 229 139 234 256 307
EPS in Rs 6.82 4.91 6.60 7.47 3.76 5.41 5.88 7.71 7.24 3.99 6.06 6.45 7.81
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,305 2,372 2,688 2,802 2,991 3,676 4,184 4,663 6,432 8,015 9,179 12,051
1,950 2,036 2,214 2,322 2,489 3,026 3,459 3,882 5,330 6,733 7,751 10,357
Operating Profit 355 337 474 480 502 650 725 781 1,102 1,282 1,428 1,694
OPM % 15% 14% 18% 17% 17% 18% 17% 17% 17% 16% 16% 14%
30 -64 20 4 38 46 59 13 52 8 61 137
Interest 4 6 8 6 9 9 16 14 65 81 126 135
Depreciation 62 92 121 128 127 125 173 184 227 258 319 428
Profit before tax 318 176 365 351 404 562 595 596 862 951 1,045 1,269
Tax % 25% 31% 21% 22% 24% 25% 21% 22% 17% 22% 20% 26%
238 122 287 272 309 422 468 466 715 745 836 936
EPS in Rs 7.60 3.74 8.83 8.15 9.12 13.06 14.21 15.04 21.73 22.72 26.14 24.29
Dividend Payout % 24% 51% 23% 31% 33% 0% 44% 17% 48% 56% 58% 63%
Compounded Sales Growth
10 Years: 18%
5 Years: 24%
3 Years: 23%
TTM: 31%
Compounded Profit Growth
10 Years: 19%
5 Years: 14%
3 Years: 8%
TTM: 3%
Stock Price CAGR
10 Years: 37%
5 Years: 46%
3 Years: 38%
1 Year: 75%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 21%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 61 61 61 61 62 62 62 61 61 61 62 67
Reserves 1,263 1,296 1,511 1,625 1,712 2,010 2,334 2,406 2,672 3,021 3,565 6,312
9 9 10 25 22 14 35 83 490 562 726 1,070
468 611 702 695 828 748 968 935 1,655 1,980 1,708 5,041
Total Liabilities 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,491
453 558 903 848 879 819 1,079 1,021 2,067 2,312 2,353 6,096
CWIP 129 120 17 0 1 1 0 0 17 5 23 2
Investments 55 55 75 316 365 365 14 12 0 0 0 146
1,164 1,243 1,291 1,244 1,379 1,649 2,307 2,451 2,794 3,309 3,685 6,246
Total Assets 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,491

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
145 258 360 472 382 453 297 762 766 950 903 1,237
-78 -184 -223 -343 -248 -237 136 -86 -963 -269 -265 -2,448
-53 -66 -73 -67 -74 -106 -133 -696 -156 -558 -887 1,675
Net Cash Flow 14 7 64 62 60 109 300 -20 -353 123 -249 464

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 89 93 80 61 71 58 75 84 79 73 72 78
Inventory Days 12
Days Payable 361
Cash Conversion Cycle -260 93 80 61 71 58 75 84 79 73 72 78
Working Capital Days 70 48 64 38 30 37 38 36 37 15 35 58
ROCE % 26% 19% 25% 23% 23% 30% 27% 25% 32% 31% 29% 21%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.09% 40.06% 39.99% 30.16% 26.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
21.87% 21.02% 21.30% 25.40% 24.78% 34.37% 34.04% 35.00% 41.43% 42.09% 42.55% 40.21%
25.88% 26.45% 26.73% 32.20% 37.20% 54.28% 55.02% 54.29% 47.29% 48.15% 47.86% 49.93%
12.16% 12.47% 11.97% 12.23% 11.39% 11.35% 10.95% 10.69% 11.28% 9.75% 9.58% 9.86%
No. of Shareholders 1,50,3081,63,7791,53,3931,46,6851,33,6461,23,3301,17,8441,26,7391,63,3571,37,7681,37,1701,44,175

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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