COFORGE LIMITED
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.8%
Concerns1
- Other income is 71.1% of PBT β a large share of earnings is non-operating
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ5.56 K Cr | β | βΉ528.00 Cr | β | β | 9.2% | 14.6% | -46.8% |
| Mar 2024 | βΉ4.85 K Cr | β | βΉ992.00 Cr | β | β | 30.0% | 14.6% | 35.5% |
| Mar 2023 | βΉ4.23 K Cr | β | βΉ732.00 Cr | β | β | 28.0% | 27.7% | 13.7% |
| Mar 2022 | βΉ3.31 K Cr | β | βΉ644.00 Cr | β | β | 29.2% | 37.4% | 168.3% |
| Mar 2021 | βΉ2.41 K Cr | β | βΉ240.00 Cr | β | β | 13.3% | 8.1% | -43.1% |
| Mar 2020 | βΉ2.23 K Cr | β | βΉ422.00 Cr | β | β | 21.4% | 11.6% | 41.1% |
| Mar 2019 | βΉ2.00 K Cr | β | βΉ299.00 Cr | β | β | 17.5% | 21.4% | 32.3% |
| Mar 2018 | βΉ1.65 K Cr | β | βΉ226.00 Cr | β | β | 15.3% | 3.2% | 37.0% |
| Mar 2017 | βΉ1.59 K Cr | β | βΉ165.00 Cr | β | β | 12.3% | 7.5% | -14.1% |
| Mar 2016 | βΉ1.48 K Cr | β | βΉ192.00 Cr | β | β | 15.7% | 10.3% | 29.7% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 6,775 |
| Total Expenses | 6,294 |
| EBIT / Operating Profit | 481 |
| OPM % | 7% |
| Other Income | 611 |
| Finance Costs | 62 |
| Depreciation & Amortisation | 178 |
| Profit Before Tax | 853 |
| Tax % | - |
| Net Profit / PAT | 700 |
| EPS (βΉ) | 20.93 |
| Dividend Payout % | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| COFORGE LIMITEDthis co. | βΉ57.23 K Cr | βΉ5.56 K Cr | 81.80 | 9.49 | 45.10 | 14.6% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |