COFORGE LIMITED
₹2,050.00+₹90.00 (+4.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹57,232 Cr
- P/E
- 81.8x
- EV / EBITDA
- 45.1x
- Revenue
- ₹5,557 Cr
- Net margin
- 20.5%
- ROCE
- 13.7%
Price chart
Technical chartScreen technicals →+13.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +17.0%
- 3M
- +17.4%
- 6M
- +71.4%
- 1Y
- +13.4%
- 5Y
- +101.8%
52-week range
Day change +₹90.00 (+4.6%) from ₹1,960 to ₹2,050 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in COFORGE, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.8%
Concerns1
- Other income is 71.1% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Technology
- Shares outstanding
- 33.5 Cr shares
- ISIN
- INE591G01025
- BSE code
- 532541
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹57,232 Cr
- P/E
- 81.8x
- P/B
- 9.5x
- EV / EBITDA
- 45.1x
- EV / Sales
- 11.8x
- P/S
- 11.8x
- Earnings yield
- 1.2%
- 52-week high
- ₹2,050.00
- 52-week low
- ₹1,073.85
Profitability
- Operating margin
- 10.5%
- Net margin
- 20.5%
- EBITDA margin
- 26.2%
- ROE
- 30.0%
- ROCE
- 13.7%
- ROA
- 22.1%
- Dividend payout
- 47.0%
- Tax rate
- 7.0%
- Other income, % of PBT
- 71.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,557 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,270 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -46.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹295 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 288.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹92.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.7%
Solvency and efficiency
- Current ratio
- 5.30
- Debt / Equity
- 0.13
- Debt / Assets
- 0.09
- Debt / EBITDA
- 0.33
- Interest coverage
- 7.08
- Financial leverage
- 1.35
- CFO / Net profit
- 0.30
- Cash / Market cap
- 3.2%
- Cash per share
- ₹55.15
- Asset turnover
- 1.08
- Fixed asset turnover
- 10.82
- Capital intensity
- 0.09
- Debtor days
- 73 days
- Cash conversion cycle
- 73 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹10 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹5,175 Cr |
| Sales | Operating profit | ₹382 Cr |
| Operating profit | Interest | ₹54 Cr |
| Operating profit | Depreciation | ₹151 Cr |
| Operating profit | Profit before tax | ₹177 Cr |
| Other income | Profit before tax | ₹484 Cr |
| Profit before tax | Tax and other | ₹134 Cr |
| Profit before tax | Net profit | ₹528 Cr |
Revenue and net profit
Revenue grew 14.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,412 Cr | ₹240 Cr |
| FY2022 | ₹3,313 Cr | ₹644 Cr |
| FY2023 | ₹4,230 Cr | ₹732 Cr |
| FY2024 | ₹4,849 Cr | ₹992 Cr |
| FY2025 | ₹5,557 Cr | ₹528 Cr |
Cash flows
FY2025: ₹384 Cr from operations, -₹1,614 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹485 Cr | ₹481 Cr |
| FY2022 | ₹389 Cr | -₹342 Cr |
| FY2023 | ₹76 Cr | ₹490 Cr |
| FY2024 | ₹295 Cr | ₹785 Cr |
| FY2025 | ₹384 Cr | -₹1,614 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,557 Cr+14.6%1Y
- Net profit
- ₹528 Cr-46.8%1Y
- Cash from operations
- ₹384 Cr
- Free cash flow
- -₹1,614 Cr-305.6%1Y
- Revenue CAGR, 5Y
- 16.8%
- EBITDA CAGR, 5Y
- 16.7%
- Net profit CAGR, 5Y
- 18.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,557 Cr | ₹382 Cr | — | ₹528 Cr | ₹384 Cr | -₹1,614 Cr | 9.2% | +14.6% | -46.8% |
Monthly returns
Month-by-month returns of COFORGE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹7,376 Cr |
| Equity capital | ₹67 Cr |
| Reserves | ₹5,668 Cr |
| Borrowings | ₹574 Cr |
| Other liabilities | ₹1,068 Cr |
| Assets | ₹7,376 Cr |
| Fixed assets | ₹532 Cr |
| Capital work in progress | ₹2 Cr |
| Investments | ₹4,264 Cr |
| Other assets | ₹2,577 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
COFORGE trades at 81.8x earnings against a peer median of 52.1x (a 57% premium).
Not shown (no positive earnings and no EV / Sales): PB Fintech Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| COFORGE LIMITEDCOFORGEthis companyP/E ↑ premium | ₹57,232 Cr | 81.8x | 9.5x | 30.0% | 45.1x |
| Bharti Hexacom LimitedBHARTIHEXA | ₹83,980 Cr | 52.3x | 13.4x | 10.9% | 27.6x |
| PB Fintech LimitedPOLICYBZR | ₹75,814 Cr | — | 9.3x | 0.5% | 1567.2x |
| Dixon Technologies (India) LimitedDIXON | ₹68,191 Cr | 121.0x | 23.9x | 13.3% | 191.7x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| Mphasis LimitedMPHASIS | ₹54,771 Cr | 38.1x | 9.4x | 25.3% | 23.6x |
| Tata Communications LimitedTATACOMM | ₹49,590 Cr | 92.7x | 4.9x | 6.5% | 24.2x |
| L&T Technology Services LimitedLTTS | ₹45,766 Cr | 37.2x | 7.9x | 24.9% | 22.3x |
| Hexaware Technologies LimitedHEXT | ₹44,916 Cr | 43.4x | 13.2x | — | — |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
COFORGE since 1 January, against earlier years.
Historical volatility
COFORGE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 13.0% |
| FY2023 | 11.0% |
| FY2024 | 11.0% |
| FY2025 | 7.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,557 Cr |
| Costs | |
| Interest | ₹54 Cr |
| Expenses | ₹5,175 Cr |
| Operating profitOperating Profit | ₹382 Cr |
| Other income and charges | |
| Profit before tax | ₹662 Cr |
| Tax | |
| Net profitNet Profit | ₹528 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹7,376 Cr |
| Equity capitalEquity Capital | ₹67 Cr |
| Reserves | ₹5,668 Cr |
| Borrowings | ₹574 Cr |
| Other liabilitiesOther Liabilities | ₹1,068 Cr |
| AssetsTotal Assets | ₹7,376 Cr |
| Fixed assetsFixed Assets | ₹532 Cr |
| Capital work in progressCWIP | ₹2 Cr |
| Investments | ₹4,264 Cr |
| Other assetsOther Assets | ₹2,577 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹384 Cr |
| Investing cash flowCash from Investing Activity | -₹1,998 Cr |
| Financing cash flowCash from Financing Activity | ₹1,707 Cr |
| Change in cashNet Cash Flow | ₹92 Cr |
Learn while you research
Academy chapters picked for COFORGE LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 81.8, learn when high multiples are justified.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read