Coforge Ltd

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

Coforge Ltd

₹ 1,778 -1.64%
31 Oct - close price
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 ₹ 59,530 Cr.
  • Current Price ₹ 1,778
  • High / Low ₹ 2,005 / 1,191
  • Stock P/E 52.3
  • Book Value ₹ 206
  • Dividend Yield 0.85 %
  • ROCE 20.3 %
  • ROE 16.0 %
  • 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 8.63 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 100 BSE 200 BSE Dollex 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,959 2,056 2,170 2,221 2,276 2,323 2,318 2,357 3,026 3,258 3,410 3,689 3,986
1,622 1,696 1,874 1,915 1,935 1,928 1,929 2,048 2,603 2,823 2,883 3,112 3,253
Operating Profit 337 360 296 306 341 395 390 309 423 435 527 577 732
OPM % 17% 17% 14% 14% 15% 17% 17% 13% 14% 13% 15% 16% 18%
14 32 -50 16 9 15 14 6 42 56 33 64 38
Interest 21 22 20 22 32 35 37 32 30 32 40 46 41
Depreciation 61 62 72 76 77 81 79 72 114 116 125 159 172
Profit before tax 268 307 155 224 241 294 288 211 320 343 395 436 558
Tax % 18% 23% 25% 22% 22% 18% 20% 34% 27% 25% 22% 18% 24%
221 236 117 176 188 243 229 139 234 256 307 356 425
EPS in Rs 6.60 7.47 3.76 5.41 5.88 7.71 7.24 3.99 6.06 6.45 7.99 9.49 11.23
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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 TTM
2,305 2,372 2,688 2,802 2,991 3,676 4,184 4,663 6,432 8,015 9,009 12,051 14,342
1,950 2,036 2,214 2,322 2,489 3,026 3,459 3,882 5,330 6,733 7,562 10,357 12,071
Operating Profit 355 337 474 480 502 650 725 781 1,102 1,282 1,447 1,694 2,272
OPM % 15% 14% 18% 17% 17% 18% 17% 17% 17% 16% 16% 14% 16%
30 -64 20 4 38 46 59 13 52 8 32 137 192
Interest 4 6 8 6 9 9 16 14 65 81 126 135 159
Depreciation 62 92 121 128 127 125 173 184 227 258 297 428 573
Profit before tax 318 176 365 351 404 562 595 596 862 951 1,056 1,269 1,731
Tax % 25% 31% 21% 22% 24% 25% 21% 22% 17% 22% 21% 26%
238 122 287 272 309 422 468 466 715 745 836 936 1,345
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 35.16
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: 43%
Compounded Profit Growth
10 Years: 18%
5 Years: 13%
3 Years: 7%
TTM: 39%
Stock Price CAGR
10 Years: 32%
5 Years: 33%
3 Years: 33%
1 Year: 18%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 16%

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 Sep 2025
Equity Capital 61 61 61 61 62 62 62 61 61 61 62 67 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 6,828
9 9 10 25 22 14 35 83 490 562 726 1,070 972
468 611 702 695 828 748 968 935 1,655 1,980 1,708 4,823 5,724
Total Liabilities 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,272 13,590
453 558 903 848 879 819 1,079 1,021 2,067 2,312 2,353 6,096 7,091
CWIP 129 120 17 0 1 1 0 0 17 5 23 2 17
Investments 55 55 75 316 365 365 14 12 0 0 0 146 41
1,164 1,243 1,291 1,244 1,379 1,649 2,307 2,451 2,794 3,309 3,685 6,028 6,441
Total Assets 1,801 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,272 13,590

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 -2,438
-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 -249 474

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 73 78
Inventory Days 12
Days Payable 361
Cash Conversion Cycle -260 93 80 61 71 58 75 84 79 73 73 78
Working Capital Days 70 48 64 38 30 37 38 33 33 13 30 18
ROCE % 26% 19% 25% 23% 23% 30% 27% 25% 32% 31% 29% 20%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
39.99% 30.16% 26.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
21.30% 25.40% 24.78% 34.37% 34.04% 35.00% 41.43% 42.09% 42.55% 40.21% 37.42% 34.09%
26.73% 32.20% 37.20% 54.28% 55.02% 54.29% 47.29% 48.15% 47.86% 49.93% 52.32% 54.87%
11.97% 12.23% 11.39% 11.35% 10.95% 10.69% 11.28% 9.75% 9.58% 9.86% 10.25% 11.03%
No. of Shareholders 1,53,3931,46,6851,33,6461,23,3301,17,8441,26,7391,63,3571,37,7681,37,1701,44,1751,85,8652,23,492

* 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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Documents

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