Coforge Ltd

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

Coforge Ltd

₹ 1,280 9.55%
06 May - 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

Business Profile[1] Coforge Ltd. operates as an IT solutions provider with a focus on digital transformation and technology services. Its business model revolves around offering consulting, implementation, and support services in areas such as cloud computing, cybersecurity, analytics, and enterprise applications.

Website BSE NSE
  • Market Cap ₹ 55,036 Cr.
  • Current Price ₹ 1,280
  • High / Low ₹ 1,994 / 1,008
  • Stock P/E 33.5
  • Book Value ₹ 284
  • Dividend Yield 1.19 %
  • ROCE 23.5 %
  • ROE 20.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.1%
  • Company's median sales growth is 18.4% of last 10 years

Cons

  • Tax rate seems low

* 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,170 2,221 2,276 2,323 2,318 2,357 3,026 3,258 3,422 3,689 3,986 4,232 4,450
1,874 1,915 1,935 1,928 1,929 2,048 2,603 2,823 2,895 3,112 3,253 3,508 3,574
Operating Profit 296 306 341 395 390 309 423 435 527 577 732 723 876
OPM % 14% 14% 15% 17% 17% 13% 14% 13% 15% 16% 18% 17% 20%
-50 16 9 15 14 6 42 56 33 64 38 -127 -32
Interest 20 22 32 35 37 32 30 32 40 46 41 42 40
Depreciation 72 76 77 81 79 72 114 116 125 159 172 171 180
Profit before tax 155 224 241 294 288 211 320 343 395 436 558 384 625
Tax % 25% 22% 22% 18% 20% 34% 27% 25% 22% 18% 24% 23% -7%
117 176 188 243 229 139 234 256 307 356 425 297 666
EPS in Rs 3.76 5.41 5.88 7.71 7.24 3.99 6.06 6.45 7.81 9.49 11.23 7.47 18.23
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,372 2,688 2,802 2,991 3,676 4,184 4,663 6,432 8,015 9,009 12,051 16,403
2,036 2,214 2,322 2,489 3,026 3,459 3,882 5,330 6,733 7,562 10,357 13,467
Operating Profit 337 474 480 502 650 725 781 1,102 1,282 1,447 1,694 2,936
OPM % 14% 18% 17% 17% 18% 17% 17% 17% 16% 16% 14% 18%
-64 20 4 38 46 59 13 52 8 32 137 -83
Interest 6 8 6 9 9 16 14 65 81 126 135 169
Depreciation 92 121 128 127 125 173 184 227 258 297 428 682
Profit before tax 176 365 351 404 562 595 596 862 951 1,056 1,269 2,003
Tax % 31% 21% 22% 24% 25% 21% 22% 17% 22% 21% 26% 13%
122 287 272 309 422 468 466 715 745 836 936 1,745
EPS in Rs 3.74 8.83 8.15 9.12 13.06 14.21 15.04 21.73 22.72 26.14 24.29 46.33
Dividend Payout % 51% 23% 31% 33% 0% 44% 17% 48% 56% 58% 63% 9%
Compounded Sales Growth
10 Years: 20%
5 Years: 29%
3 Years: 27%
TTM: 36%
Compounded Profit Growth
10 Years: 20%
5 Years: 28%
3 Years: 31%
TTM: 105%
Stock Price CAGR
10 Years: 29%
5 Years: 14%
3 Years: 16%
1 Year: -14%
Return on Equity
10 Years: 21%
5 Years: 21%
3 Years: 20%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 61 61 61 62 62 62 61 61 61 62 67 67
Reserves 1,296 1,511 1,625 1,712 2,010 2,334 2,406 2,672 3,021 3,565 6,312 9,470
9 10 25 22 14 35 83 490 562 726 1,070 728
611 702 695 828 748 968 935 1,655 1,980 1,708 4,823 4,616
Total Liabilities 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,272 14,881
558 903 848 879 819 1,079 1,021 2,067 2,312 2,353 6,096 6,760
CWIP 120 17 0 1 1 0 0 17 5 23 2 3
Investments 55 75 316 365 365 14 12 0 0 0 146 0
1,243 1,291 1,244 1,379 1,649 2,307 2,451 2,794 3,309 3,685 6,028 8,119
Total Assets 1,977 2,285 2,407 2,624 2,834 3,400 3,484 4,878 5,625 6,061 12,272 14,881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
258 360 472 382 453 297 762 766 950 903 1,237 1,792
-184 -223 -343 -248 -237 136 -86 -963 -269 -265 -2,438 -435
-66 -73 -67 -74 -106 -133 -696 -156 -558 -887 1,675 -1,094
Net Cash Flow 7 64 62 60 109 300 -20 -353 123 -249 474 263
Free Cash Flow 71 200 387 294 385 227 687 618 797 644 680 1,197
CFO/OP 104% 97% 120% 98% 88% 66% 119% 93% 96% 88% 96% 76%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 93 80 61 71 58 75 84 79 73 73 78 88
Inventory Days
Days Payable
Cash Conversion Cycle 93 80 61 71 58 75 84 79 73 73 78 88
Working Capital Days 48 64 38 30 37 38 33 33 13 30 18 25
ROCE % 19% 25% 23% 23% 30% 27% 25% 32% 31% 29% 20% 24%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Geographic Mix - Americas
% of Revenue

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Total Headcount
Number
Vertical Revenue Mix - BFS
% of Total
Vertical Revenue Mix - Travel, Transport & Hospitality (TTH)
% of Total
Attrition Rate
%
Executable Order Book (Next 12 Months)
USD Million
Utilization Rate (Excluding Trainees)
%
Client Concentration - Top 10 Clients
% of Revenue
Client Concentration - Top 5 Clients
% of Revenue
Revenue per Employee (RPE)
USD

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026
34.37% 34.04% 35.00% 41.43% 42.09% 42.55% 40.21% 37.42% 34.09% 34.53% 30.66% 23.32%
54.28% 55.02% 54.29% 47.29% 48.15% 47.86% 49.93% 52.32% 54.87% 53.67% 56.18% 44.42%
11.35% 10.95% 10.69% 11.28% 9.75% 9.58% 9.86% 10.25% 11.03% 11.80% 13.16% 32.26%
No. of Shareholders 1,23,3301,17,8441,26,7391,63,3571,37,7681,37,1701,44,1751,85,8652,23,4922,43,3662,93,5103,00,293

* 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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