Coforge Ltd
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.
- Market Cap ₹ 48,074 Cr.
- Current Price ₹ 7,208
- High / Low ₹ 7,285 / 4,287
- Stock P/E 62.7
- Book Value ₹ 587
- Dividend Yield 1.05 %
- ROCE 28.6 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 54.1%
Cons
- Stock is trading at 12.3 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,021 | 2,305 | 2,372 | 2,688 | 2,802 | 2,991 | 3,676 | 4,184 | 4,663 | 6,432 | 8,015 | 9,179 | 9,359 | |
1,688 | 1,950 | 2,036 | 2,214 | 2,322 | 2,489 | 3,026 | 3,459 | 3,882 | 5,330 | 6,733 | 7,751 | 7,944 | |
Operating Profit | 333 | 355 | 337 | 474 | 480 | 502 | 650 | 725 | 781 | 1,102 | 1,282 | 1,428 | 1,415 |
OPM % | 16% | 15% | 14% | 18% | 17% | 17% | 18% | 17% | 17% | 17% | 16% | 16% | 15% |
23 | 30 | -64 | 20 | 4 | 38 | 46 | 59 | 13 | 52 | 8 | 61 | 71 | |
Interest | 5 | 4 | 6 | 8 | 6 | 9 | 9 | 16 | 14 | 65 | 81 | 126 | 136 |
Depreciation | 57 | 62 | 92 | 121 | 128 | 127 | 125 | 173 | 184 | 227 | 258 | 319 | 324 |
Profit before tax | 293 | 318 | 176 | 365 | 351 | 404 | 562 | 595 | 596 | 862 | 951 | 1,045 | 1,025 |
Tax % | 26% | 25% | 31% | 21% | 22% | 24% | 25% | 21% | 22% | 17% | 22% | 20% | |
218 | 238 | 122 | 287 | 272 | 309 | 422 | 468 | 466 | 715 | 745 | 836 | 799 | |
EPS in Rs | 35.40 | 37.98 | 18.69 | 44.13 | 40.76 | 45.59 | 65.28 | 71.05 | 75.19 | 108.65 | 113.58 | 130.70 | 124.11 |
Dividend Payout % | 24% | 24% | 51% | 23% | 31% | 33% | 0% | 44% | 17% | 48% | 56% | 58% |
Compounded Sales Growth | |
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10 Years: | 15% |
5 Years: | 20% |
3 Years: | 25% |
TTM: | 11% |
Compounded Profit Growth | |
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10 Years: | 14% |
5 Years: | 15% |
3 Years: | 20% |
TTM: | 3% |
Stock Price CAGR | |
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10 Years: | 34% |
5 Years: | 40% |
3 Years: | 8% |
1 Year: | 40% |
Return on Equity | |
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10 Years: | 21% |
5 Years: | 23% |
3 Years: | 25% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 60 | 61 | 61 | 61 | 61 | 62 | 62 | 62 | 61 | 61 | 61 | 62 |
Reserves | 1,034 | 1,263 | 1,296 | 1,511 | 1,625 | 1,712 | 2,010 | 2,334 | 2,406 | 2,672 | 3,021 | 3,565 |
10 | 9 | 9 | 10 | 25 | 22 | 14 | 35 | 83 | 490 | 562 | 726 | |
435 | 468 | 611 | 702 | 695 | 828 | 748 | 968 | 935 | 1,655 | 1,980 | 1,708 | |
Total Liabilities | 1,539 | 1,801 | 1,977 | 2,285 | 2,407 | 2,624 | 2,834 | 3,400 | 3,484 | 4,878 | 5,625 | 6,061 |
438 | 453 | 558 | 903 | 848 | 879 | 819 | 1,079 | 1,021 | 2,067 | 2,312 | 2,353 | |
CWIP | 28 | 129 | 120 | 17 | 0 | 1 | 1 | 0 | 0 | 17 | 5 | 23 |
Investments | 82 | 55 | 55 | 75 | 316 | 365 | 365 | 14 | 12 | 0 | 0 | 0 |
991 | 1,164 | 1,243 | 1,291 | 1,244 | 1,379 | 1,649 | 2,307 | 2,451 | 2,794 | 3,309 | 3,685 | |
Total Assets | 1,539 | 1,801 | 1,977 | 2,285 | 2,407 | 2,624 | 2,834 | 3,400 | 3,484 | 4,878 | 5,625 | 6,061 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
235 | 145 | 258 | 360 | 472 | 382 | 453 | 297 | 762 | 766 | 950 | 903 | |
-107 | -78 | -184 | -223 | -343 | -248 | -237 | 136 | -86 | -963 | -269 | -265 | |
-91 | -53 | -66 | -73 | -67 | -74 | -106 | -133 | -696 | -156 | -558 | -887 | |
Net Cash Flow | 37 | 14 | 7 | 64 | 62 | 60 | 109 | 300 | -20 | -353 | 123 | -249 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 82 | 89 | 93 | 80 | 61 | 71 | 58 | 75 | 84 | 79 | 73 | 72 |
Inventory Days | 13 | 12 | ||||||||||
Days Payable | 519 | 361 | ||||||||||
Cash Conversion Cycle | -424 | -260 | 93 | 80 | 61 | 71 | 58 | 75 | 84 | 79 | 73 | 72 |
Working Capital Days | 57 | 70 | 48 | 64 | 38 | 30 | 37 | 38 | 36 | 37 | 15 | 35 |
ROCE % | 28% | 26% | 19% | 25% | 23% | 23% | 30% | 27% | 25% | 32% | 31% | 29% |
Documents
Announcements
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Intimation Under Regulation 30
3h - Sanction of merger between Coforge subsidiaries.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3h - Certificate under SEBI regulations for Q3 2024.
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Update
6h - Record date for dividend is October 12, 2024.
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Announcement under Regulation 30 (LODR)-Dividend Updates
4 Oct - Declaration of second interim dividend of Rs. 19 per share.
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Closure of Trading Window
30 Sep - Proposal to declare Interim Dividend and trading window closure.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from bse
Concalls
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Jul 2024Transcript PPT REC
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May 2024TranscriptPPTREC
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Oct 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Jun 2016TranscriptNotesPPT
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]