Coforge
Market cap ₹84,199 Cr
- P/E
- 37.29
- Day range
- ₹1,890.00 – ₹1,992.40
- 52-week range
- ₹1,008.10 – ₹2,021.20
- Volume
- 35.41 L
- Open
- ₹1,925.00
- Prev close
- ₹1,908.80
Latest results · Q2 FY27(consolidated)Revenue ₹11,699 Cr+193.5%Profit ₹1,137 Cr+167.2%Margin 9.7%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
COFORGE in NSE indices and F&O
F&O margin for one lot of COFORGE (475 shares)Research profile
Composite 58 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.7%
- Graham no.
- ₹524.77
- vs Graham
- -72.4%
- ROE ÷ P/B
- 3.3%
- 12-1 mom.
- +6.0%
- Return / vol
- 0.31
- Magic Formula
- #229
- Piotroski
- 5/6
- FCF yield
- 1.2%
- PEG
- 0.32
Appears in 14 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 39 in IT| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy ServicesTCS | ₹9.15 L Cr | 17.73 | 7.69 | 49.0% | 63.0% | 26.0% | 0.10 | +11.2% |
| InfosysINFY | ₹4.67 L Cr | 15.36 | 5.12 | 31.2% | 40.0% | 24.0% | 0.10 | +14.0% |
| HCL TechnologiesHCLTECH | ₹3.85 L Cr | 21.04 | 5.08 | 23.0% | 30.0% | 21.0% | 0.08 | +11.5% |
| WiproWIPRO | ₹1.88 L Cr | 14.91 | 2.38 | 15.6% | 18.0% | 20.0% | 0.28 | +9.1% |
| Tech MahindraTECHM | ₹1.75 L Cr | 28.77 | 5.91 | 16.9% | 23.0% | 18.0% | 0.07 | +15.6% |
| LTIMindtreeLTM | ₹1.23 L Cr | 23.60 | 4.74 | 21.3% | 30.0% | 18.0% | 0.09 | +13.6% |
| Persistent SystemsPERSISTENT | ₹89,851 Cr | 50.10 | 10.53 | 26.3% | 34.0% | 14.0% | 0.07 | +30.2% |
| CoforgeCOFORGE | ₹84,199 Cr | 37.29 | 6.72 | 21.9% | 24.0% | 19.0% | 0.08 | +49.2% |
| Sector median | ₹12,855 Cr | 25.98 | 4.74 | 17.6% | 22.0% | 18.0% | 0.09 | +17.5% |
Sector as classified in the tracked universe; medians use every tracked IT company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 4d agoHeadlines about Coforge from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 38.8
- EPS (TTM)
- ₹52.79
- Price / Book
- 3.76
- ROE (FY26)
- 21.9%
- ROCE (latest year)
- 24%
- Dividend yield
- 0.63%
Moving averages (NSE)
- 20-day
- ₹1,856.06
- Price above
- 50-day
- ₹1,863.23
- Price above
- 200-day
- ₹1,531.92
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- Public
- FII
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 4 Jun 2025: earlier bars are per pre-split share.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,323 | 2,318 | 2,357 | 3,026 | 3,258 | 3,422 | 3,704 | 4,016 | 4,232 | 4,450 | 5,528 | 6,171 |
| Expenses | 1,928 | 1,929 | 2,048 | 2,603 | 2,823 | 2,895 | 3,127 | 3,257 | 3,508 | 3,574 | 4,470 | 4,948 |
| Operating Profit | 395 | 390 | 309 | 423 | 435 | 527 | 577 | 759 | 723 | 876 | 1,058 | 1,223 |
| OPM % | 17% | 17% | 13% | 14% | 13% | 15% | 16% | 19% | 17% | 20% | 19% | 20% |
| Other Income | 15 | 14 | 6 | 42 | 56 | 33 | 64 | 12 | -127 | -32 | -28 | -31 |
| Interest | 35 | 37 | 32 | 30 | 32 | 40 | 46 | 41 | 42 | 40 | 87 | 108 |
| Depreciation | 81 | 79 | 72 | 114 | 116 | 125 | 159 | 172 | 171 | 180 | 241 | 285 |
| Profit before tax | 294 | 288 | 211 | 320 | 343 | 395 | 436 | 558 | 384 | 625 | 702 | 799 |
| Tax % | 18% | 20% | 34% | 27% | 25% | 22% | 18% | 24% | 23% | -7% | 24% | 24% |
| Net Profit | 243 | 229 | 139 | 234 | 256 | 307 | 356 | 425 | 297 | 666 | 532 | 605 |
| EPS in Rs | ₹7.71 | ₹7.24 | ₹3.99 | ₹6.06 | ₹6.45 | ₹7.81 | ₹9.49 | ₹11.23 | ₹7.47 | ₹18.23 | ₹11.71 | ₹13.27 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+4 days since Mar 2021
+4 days since Mar 2021
-8 days since Mar 2021
Strengths, risks & growth
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.
Strengths
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.0%
- Company's median sales growth is 18.4% of last 10 years
Risks
- Tax rate seems low
- Company might be capitalizing the interest cost
Compounded Sales Growth
- 10 Years
- +20%
- 5 Years
- +29%
- 3 Years
- +27%
- TTM
- +42%
Compounded Profit Growth
- 10 Years
- +20%
- 5 Years
- +29%
- 3 Years
- +33%
- TTM
- +92%
Stock Price CAGR
- 10 Years
- +37%
- 5 Years
- +14%
- 3 Years
- +24%
- 1 Year
- +8%
Return on Equity
- 10 Years
- +21%
- 5 Years
- +22%
- 3 Years
- +20%
- Last Year
- +21%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| FII | 34.53% | 30.66% | 24.31% | 24.75% | +0.44 pp |
| DII | 53.67% | 56.18% | 42.62% | 43.79% | +1.17 pp |
| Public | 11.80% | 13.16% | 33.07% | 31.47% | -1.60 pp |
Filed with NSE for Sept 2026: promoters 0.00%, public 100.00% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 32.13% (+2.13 pp)- Promoters0.0%
- Foreign institutions24.8%
- Mutual funds32.1%
- Insurance9.7%
- Other domestic institutions1.9%
- Retail6.9%
- Others24.6%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Mid Cap Fund | 3.16% | 2.68% | +0.41 pp |
| Motilal Oswal Midcap Fund | 2.53% | 5.43% | -0.61 pp |
| SBI Aggressive Hybrid Fund | 1.82% | 1.83% | +0.14 pp |
| UTI Flexi Cap Fund | 0.98% | 3.77% | +0.47 pp |
| DSP Midcap Fund | 0.92% | 4.07% | +0.58 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 38.2%
- Downside volatility
- 36.6%
- Worst 5% of days
- 4.1%
- Average of that tail
- 5.4%
- Max drawdown (1Y)
- 45.7%
- Below its peak
- 5.7%
Against the market
- Beta vs Nifty 50
- 1.09
- Correlation
- 0.38
- Relative strength (3M)
- +37.3%
- ATR (14)
- 3.3%
Return
- Return 1M
- +5.4%
- Return 3M
- +32.0%
- Return 6M
- +53.8%
- Return 1Y
- +11.8%
- vs 200-day average
- +24.1%
Momentum
- RSI (14)
- 54.5
- MACD histogram
- 6.31
- Stochastic %K
- 53.7
- ADX (14)
- 17.0
- +DI / −DI
- 15.1 / 15.0
- Money flow index
- 60.6
Participation
- Delivery (20d avg)
- 44.4%
- vs its 60-day baseline
- -3.5 pts
- Volume vs 20-day
- +1.4σ
- Close vs day's VWAP
- -1.4%
- 52-week position
- 88 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹1,049 Cr
- FCF yield
- 1.2%
- Cash conversion
- 1.03
- Accruals ratio
- -0.003
- Net debt
- -₹366 Cr
- Net debt / equity
- -0.04
- EV / sales
- 3.24
- PEG
- 0.32
- Capex intensity
- 4.6%
- Revenue CAGR
- 30.5%
- Profit CAGR
- 116.8%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹4.00
Interim Dividend - Rs 4 Per Share
3 Aug 2026ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
30 Jan 2026ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
31 Oct 2025ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
31 Jul 2025ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
4 Jun 2025ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
9 May 2025ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
30 Jan 2025ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
11 Oct 2024ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
2 Aug 2024ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
15 May 2024ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
5 Feb 2024ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
2 Nov 2023ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
3 Aug 2023ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Share
10 May 2023ex-date - dividend₹19.00
Interim Dividend - Rs 19 Per Sh
3 Feb 2023ex-date - dividend₹13.00
Interim Dividend - Rs 13 Per Share
3 Nov 2022ex-date - dividend₹13.00
Interim Dividend - Rs 13 Per Share
3 Aug 2022ex-date - dividend₹13.00
Interim Dividend - Rs 13 Per Share
23 May 2022ex-date - dividend₹13.00
Interim Dividend - Rs 13 Per Share
7 Feb 2022ex-date - dividend₹13.00
Interim Dividend - Rs 13 Per Share
3 Nov 2021ex-date
Company announcements
Audio Transcript and Prepared Remarks from Management of Q2FY27 Earning Conference Call
Appointment of Statutory Auditors
Announcement under Regulation 30
Results- Financials Results for 30/09/2026
Press Release
Fact Sheet and Web Presentation
Outcome of Board Meeting
Intimation of Earning Calls with Analyst/Investors on the Financial Results for the quarter and half year ended September 30, 2026
Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
"Coforge Introduces Intent Engineering Framework to Help Enterprises Build Outcome-Aligned AI Agents"
"Coforge Expands Krakow Engineering Center as Strategic AI Engineering and Nearshore Delivery Hub"
"Coforge felicitated at ET Edge Best Tech Brands 2026"
"Coforge Launches CXnova, an Agentic CX Orchestration Platform that Delivers Intelligent, Real-Time Customer Experiences"
"Coforge Highlights the Shift to Agentic Travel and Modern Airline Retailing"
Filed with BSE (scrip 532541); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Settlement order
Settlement order in respect of NIIT Technologies Ltd (now Coforge Ltd) in the matter of NIIT Technologies Ltd.
29 Jan 2021Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptRecording
- Sep 2026SlidesRecording
- Jul 2026TranscriptSlidesRecording
- May 2026TranscriptSlidesRecording
- Feb 2026Transcript
- Jan 2026TranscriptSlidesRecording
Credit ratings
- Rating update · 18 Sep from crisil
- Rating update · 2 Jul from crisil
- Rating update · 7 Jan from crisil
- Rating update · 7 Nov 2025 from crisil
- Rating update · 3 Feb 2025 from crisil
- Rating update · 9 Aug 2024 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 24 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Coforge: common questions
Answered from the figures on this page.
