COFORGEInformation Technology

Coforge Limited

Computers - Software & Consulting · ISIN INE591G01025 · BSE 532541 · NSE EQ · FV ₹2
Last price
₹1,793
+1.49%today
What this company does

Coforge Limited operates in Computers - Software & Consulting, part of the Information Technology sector. It booked ₹5,528 cr of revenue in its latest quarter (Q1 FY27) and kept 9.4% of sales as profit. It is the 8th largest of 9 Computers - Software & Consulting companies we track, by market value.

Their stated mission

is to “Transform at the Intersect,” helping our use cases, for example, tasks such as collection management, customers achieve their business objectives by combining fraud detection, wealth advisory, and insurance quote creation.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns75

How much profit it earns on the money it employs

Balance sheet54

How much it owes, and whether earnings cover the interest

Cash quality79

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 50% vs last year
Profit up 49% vs last year
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in COFORGE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 9% a year, it would become
₹19.11 lakh

The slider starts at 9%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,793 +1.49%
latest close · 2026-09-17
52-wk low ₹1,43042 sessions so far52-wk high ₹2,021
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.3High
LowAverageHigh
P/B ratio8.32High
Below bookModerateHigh
EV / EBITDA19.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.7%Strong
WeakFairStrong ▸15%
Return on capital28.1%Strong
WeakFairStrong
Net margin9.4%Decent
ThinDecentStrong
EBITDA margin18.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover9.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.61Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹79,340 cr
Book value
₹216
EPS
₹12.34
latest quarter
Net debt
₹-694 cr
more cash than debt
Enterprise value
₹78,646 cr
EBITDA
₹4,119 cr
annualised
EBIT
₹3,155 cr
annualised
Operating margin
14.3%
Return on assets
13.9%
Earnings yield
2.75%
P/S
3.59
Sales / share
₹499.7
Tax rate
24.3%
Face value
₹2
Shares
44.3 cr
Working capital
₹2,236 cr
Current assets
₹5,906 cr
Current liabilities
₹3,669 cr
Delivery %
49.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹282₹405, midpoint ₹381

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,528 cr
Other Income₹27 cr
Total Income₹5,555 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3,125 cr
Finance Costs₹87 cr
Depreciation & Amortisation₹241 cr
Other Expenses₹1,345 cr
Total Expenses₹4,797 cr
Exceptional Items₹-55 cr
Profit before Tax₹702 cr
Tax Expense₹170 cr
Net Profit₹532 cr
Net margin on total income9.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹3,125 cr56.8%
Finance costs₹87 cr1.6%
Depreciation & amortisation₹241 cr4.4%
Other expenses₹1,345 cr24.5%
Tax expense₹170 cr3.1%
Profit for the period₹532 cr9.7%
Total income ₹5,555 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,188 cr4,450 cr5,528 cr
Total income4,202 cr4,473 cr5,555 cr
Expenses3,670 cr3,794 cr4,797 cr
Profit before tax384 cr625 cr702 cr
Tax88 cr-41 cr170 cr
Net profit (owners' share)250 cr572 cr519 cr
Net margin (owners' share, on revenue)6.0%12.9%9.4%
EPS (₹)7.4518.2312.34
YoY (latest quarter): total income +49.8% · net profit +48.6%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹14,881 cr
Shareholder equity
₹9,538 cr
parent shareholders
Total debt
₹400 cr
Cash
₹1,094 cr
Cash flow · H1 FY26
Operating
₹787 cr
Investing
₹-553 cr
Financing
₹-504 cr
Peer comparison
Computers - Software & Consulting · by market value
CompanyPriceMarket capP/E
Tata Consultancy Services Limited₹2,190₹7.93 L cr14.8
Infosys Limited₹1,059₹4.29 L cr13.8
HCL Technologies Limited₹1,258₹3.42 L cr18.4
Wipro Limited₹166₹1.65 L cr13.0
Tech Mahindra Limited₹1,561₹1.38 L cr23.6
LTM Limited₹4,265₹1.26 L cr21.6
Persistent Systems Limited₹5,473₹86,337 cr44.3
Coforge Limitedthis company₹1,793₹79,340 cr36.3
MphasiS Limited₹2,320₹44,284 cr22.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.67%
trailing 12 months
Dividend / share (TTM)
₹12
Last dividend
₹4
ex 3 Aug 2026
ActionDetailEx-date
Dividend₹4 / share3 Aug 2026
Dividend₹4 / share30 Jan 2026
Dividend₹4 / share31 Oct 2025
Dividend₹4 / share31 Jul 2025
Stock splitStock Split From Rs.10/- to Rs.2/-4 Jun 2025
Dividend₹19 / share9 May 2025
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
24.3%
DII / Domestic
42.6%
Retail / others
33.1%
Smart-money activity
Insider trades
SoldMILAN GANDHI · Employees/Designated Employees909 · ₹69.7 L21 Mar 25
BoughtCHIRANJIT KAR · -303 · ₹22.1 L13 Mar 25
BoughtALI MAHBUBUR RAHMAN · -606 · ₹44.2 L13 Mar 25
Bulk / block deals
short · NSE29 Sep 26
short · NSE4228 Aug 26
short · NSE57227 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 3.03% · 19.52 L20 Aug 26
BoughtRajasthan Global Securities Private Limited→ 0.34%13 Jul 26
BoughtCSCGlobal Capital Markets (Singapore) Pte. Ltd.→ 21.83% · 9.38 cr23 Apr 26
Promoter pledges
ReleasedDB International Trust1.63 cr · 26.63% held24 Aug 23
PledgedDB International Trust (Singapore) Limited acting as (i) the pledgee and (ii) the security agent for lenders0 · 40.09% held25 Jul 22
ReleasedDB International Trust (Singapore) Limited acting as (i) the pledgee and (ii) the security agent for the lenders60.00 L · 49.97% held10 Mar 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To receive, consider and adopt: (a) the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss for the year ended on that date, together with the Reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 including Balance Sheet as at March 31, 2026, the Statement of Profit and Loss for the year ended on that date, together with Report of the Auditors thereon;
Backed by 100% of shareholders other than promotersneeded 50%
37.04 cr votes for, 846 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Sudhir Singh (DIN:07080613), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
36.99 cr votes for, 4.61 L against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. John Robert Speight (DIN:09160041), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
36.99 cr votes for, 4.71 L against · 0% of mutual funds and other big investors said no
4
To approve the re-appointment of Mr. OP Bhatt (DIN: 00548091) as an Independent Director of the Company
Backed by 65% of shareholders other than promotersneeded 75%
24.06 cr votes for, 12.69 cr against · 10% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.