Coforge Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 21.4%)
- Efficient capital deployment (ROCE 23.5%)
- Low debt relative to equity (D/E 0.3x)
Concerns
- Trading near 52-week high (₹2,022)
Today's Price Action
The stock closed at ₹1961.9, unchanged from the previous close. Trading volume matched the 20‑day average at 21,99,712 shares, indicating neutral participation. The flat movement suggests minimal intraday price swing. No gaps observed.
Valuation Snapshot
The price‑to‑earnings multiple stands at 38.8, while the broader information technology sector shows a nil average, reflecting a lack of comparable peers. A return on equity of 21.4 % underscores strong profitability relative to book capital. A price‑to‑book ratio of zero reflects a negligible book value base. Sector‑wide P/E of zero indicates a nascent comparative benchmark.
Key Levels to Watch
The current price sits near the upper band of the 52‑week range, which peaked at ₹2022 and is above the lower bound of ₹1008. Open‑interest data suggest resistance around ₹2000 and support near ₹1900, although precise figures are not disclosed. Open‑interest clusters around these zones reinforce their technical relevance.
Chart Pattern
On the daily chart, a bullish engulfing candle formed three days ago, followed by a morning star pattern the same day and an inverted hammer six days ago. These formations collectively point to a reversal from a prior downtrend to a potential uptrend. All three candles appeared on the daily timeframe, confirming short‑term momentum shift.
Data Summary
The company reports a market capitalisation of zero crore, a P/B ratio of zero, and a P/E of 38.8. Volume, price stability and recent bullish candlesticks are the most prominent quantitative observations. The return on equity of 21.4 % further highlights capital efficiency. Volume alignment with the 20‑day average underscores consistent market participation.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,460 | ₹9.2L Cr | 16.8 | 7.48 | 51.8 | 63 | 0.1 |
| INFY Infosys Limited | ₹1,123 | ₹4.7L Cr | 14.8 | 4.6 | 31.9 | 40 | 0.09 |
| HCLTECH HCL Technologies Limited | ₹1,401 | ₹3.9L Cr | 20.3 | 5 | 23.8 | 30.4 | 0.08 |
| WIPRO Wipro Limited | ₹185 | ₹1.9L Cr | 14.3 | 2.31 | 15.5 | 17.8 | 0.28 |
| TECHM Tech Mahindra Limited | ₹1,777 | ₹1.8L Cr | 30.7 | 5.86 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,104 | ₹1.2L Cr | 21.9 | 4.71 | 23.1 | 29.6 | 0.09 |
| PERSISTENT Persistent Systems Limited | ₹5,848 | ₹91K Cr | 48.4 | 10.75 | 27.2 | 34.4 | 0.07 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
COFORGE · as of Mar 2025
| Category | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Promoters | 30.72% | 30.67% | 30.51% | 70.10% | 63.99% | 40.09% |
| FII | 28.91% | 40.72% | 40.61% | 14.49% | 14.62% | 22.40% |
| DII | 23.44% | 15.18% | 16.05% | 6.80% | 11.85% | 25.68% |
| Public | 16.93% | 13.31% | 12.69% | 8.61% | 9.54% | 11.83% |
| Govt | — | 0.13% | 0.15% | — | — | — |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
Interim Dividend - Rs 4 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026 and dividend
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Interim Dividend - Rs 4 Per Share
Record: 30 Jan 2026
Interim Dividend - Rs 4 Per Share
Interim Dividend - Rs 4 Per Share
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
Interim Dividend - Rs 19 Per Share
Record: 11 May 2025
Latest News
All newsCoforge declares interim dividend after board meeting
*Coforge declares interim dividend following board meeting.* The company announced the outcome of its recent board meeting, including the approval of an interim dividend. While the exact dividend amount per share was not specified in the filing, such payouts typically reward shareholders ahead of full-year results. Interim dividends are positive sentiment drivers but don’t alter core business outlook. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #LOWIMPACT #dividend
Coforge named leader in AI quality engineering by Everest Group
*Coforge named leader in AI quality engineering by Everest Group.* Coforge has been recognized as a Leader in the Everest Group's PEAK Matrix® Assessment 2026 for Quality Engineering (QE) Services for AI Applications and Systems. The report highlights **top-tier performance** in AI-driven testing and engineering solutions. This positions Coforge favorably against peers in the niche AI validation space. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Coforge launches new AI-focused Intent Engineering Framework.
*Coforge launches new AI-focused Intent Engineering Framework.* The company introduced the framework to help enterprises build **outcome-aligned AI agents**, enhancing digital transformation capabilities. This innovation aims to strengthen its position in the AI-driven IT services market. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Coforge expands AI engineering center in Kraków
*Coforge expands AI engineering center in Kraków.* The company is scaling its nearshore delivery capabilities in Europe with the expansion of its engineering hub in Kraków, Poland. This move strengthens its AI and digital transformation offerings for global clients. The investment supports long-term growth and client proximity. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Coforge launches CXNova for intelligent customer experiences
*Coforge launches CXNova for intelligent customer experiences.* The company unveiled CXNova, an agentic CX orchestration platform, on September 30, 2026, aimed at delivering real-time, intelligent customer experiences. This innovation strengthens its digital transformation offerings in the global IT services space. **Platform launch positions Coforge for higher client adoption and differentiation.** 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #ProductLaunch
Coforge highlights shift to agentic travel and modern airline retailing
*Coforge highlights shift to agentic travel and modern airline retailing*. The company emphasized its strategic focus on next-gen travel technologies in a press release dated September 30, 2026. This positions Coforge to capture growth in digital airline retail solutions. **Modern retailing frameworks** and **AI-driven booking systems** are central to the new initiative. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AgenticTravel
Coforge named leader in six AI-cloud segments by NelsonHall
*Coforge named leader in six AI-cloud segments by NelsonHall*. Coforge has been positioned as a Leader in six segments of NelsonHall’s 2026 NEAT report for AI-Enabled Cloud Infrastructure Management Services. The recognition highlights its strong capabilities in cloud and AI-driven infrastructure solutions. This could enhance client trust and drive future deal wins. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Coforge hosts investor meet with analyst updates
*Coforge hosts investor meet with analyst updates.* The company shared insights during its recent institutional investor meeting, covering business outlook and operational performance. While no major announcements were made, commentary on demand trends and margins drew attention. Investors parsed remarks for forward-looking indicators. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #InvestorMeet
Coforge focuses on AI-driven enterprise outcomes in hi-tech sector
*Coforge focuses on AI-driven enterprise outcomes in hi-tech sector.* The company announced its strategic push to transition from AI features to tangible enterprise results, targeting deeper integration in the hi-tech vertical. This shift aims to enhance client outcomes and strengthen market positioning. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Coforge expands automotive engineering footprint for EV and connected vehicles
*Coforge expands automotive engineering footprint for EV and connected vehicles.* The company announced a strategic expansion in automotive engineering, targeting innovation in connected vehicles, electric mobility, and software-defined vehicles. This move strengthens its position in high-growth tech verticals. The new initiatives are expected to drive future revenue streams. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #IT
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.2K Cr 5.4% | ₹4.0K Cr 8.4% | ₹3.7K Cr 8.2% | ₹3.4K Cr 5.0% | ₹3.3K Cr 7.7% | ₹3.0K Cr 28.4% | ₹2.4K Cr 1.7% | ₹2.3K Cr |
| Op. Profit | ₹723 Cr 4.7% | ₹759 Cr 31.5% | ₹577 Cr 9.5% | ₹527 Cr 21.1% | ₹435 Cr 2.8% | ₹423 Cr 36.9% | ₹309 Cr 20.8% | ₹390 Cr |
| OPM | 17.0% 10.5% | 19.0% 18.8% | 16.0% 6.7% | 15.0% 15.4% | 13.0% 7.1% | 14.0% 7.7% | 13.0% 23.5% | 17.0% |
| Net Profit | ₹297 Cr 30.1% | ₹425 Cr 19.4% | ₹356 Cr 16.0% | ₹307 Cr 19.9% | ₹256 Cr 9.4% | ₹234 Cr 68.3% | ₹139 Cr 39.3% | ₹229 Cr |
| EPS (₹) | 7.47 33.5% | 11.23 18.3% | 9.49 21.5% | 7.81 21.1% | 6.45 6.4% | 6.06 51.9% | 3.99 44.9% | 7.24 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16.4K Cr 35.9% | ₹12.1K Cr 34.0% | ₹9.0K Cr 12.4% | ₹8.0K Cr 24.6% | ₹6.4K Cr 37.9% | ₹4.7K Cr 11.4% | ₹4.2K Cr 13.8% | ₹3.7K Cr 22.9% | ₹3.0K Cr 6.7% | ₹2.8K Cr |
| Expenses | ₹13.5K Cr 29.7% | ₹10.4K Cr 37.3% | ₹7.6K Cr 12.3% | ₹6.7K Cr 26.3% | ₹5.3K Cr 37.3% | ₹3.9K Cr 12.2% | ₹3.5K Cr 14.3% | ₹3.0K Cr 21.6% | ₹2.5K Cr 7.2% | ₹2.3K Cr |
| Op. Profit | ₹2.9K Cr 73.3% | ₹1.7K Cr 17.1% | ₹1.4K Cr 12.9% | ₹1.3K Cr 16.3% | ₹1.1K Cr 41.1% | ₹781 Cr 7.7% | ₹725 Cr 11.5% | ₹650 Cr 29.5% | ₹502 Cr 4.6% | ₹480 Cr |
| OPM | 18.0% 28.6% | 14.0% 12.5% | 16.0% 0.0% | 16.0% 5.9% | 17.0% 0.0% | 17.0% 0.0% | 17.0% 5.6% | 18.0% 5.9% | 17.0% 0.0% | 17.0% |
| Other Income | ₹-83 Cr 160.6% | ₹137 Cr 328.1% | ₹32 Cr 300.0% | ₹8 Cr 84.6% | ₹52 Cr 300.0% | ₹13 Cr 78.0% | ₹59 Cr 28.3% | ₹46 Cr 21.1% | ₹38 Cr 850.0% | ₹4 Cr |
| Interest | ₹169 Cr 25.2% | ₹135 Cr 7.1% | ₹126 Cr 55.6% | ₹81 Cr 24.6% | ₹65 Cr 364.3% | ₹14 Cr 12.5% | ₹16 Cr 77.8% | ₹9 Cr 0.0% | ₹9 Cr 50.0% | ₹6 Cr |
| Depreciation | ₹682 Cr 59.3% | ₹428 Cr 44.1% | ₹297 Cr 15.1% | ₹258 Cr 13.7% | ₹227 Cr 23.4% | ₹184 Cr 6.4% | ₹173 Cr 38.4% | ₹125 Cr 1.6% | ₹127 Cr 0.8% | ₹128 Cr |
| PBT | ₹2.0K Cr 57.8% | ₹1.3K Cr 20.2% | ₹1.1K Cr 11.0% | ₹951 Cr 10.3% | ₹862 Cr 44.6% | ₹596 Cr 0.2% | ₹595 Cr 5.9% | ₹562 Cr 39.1% | ₹404 Cr 15.1% | ₹351 Cr |
| Tax % | 13.0% 50.0% | 26.0% 23.8% | 21.0% 4.5% | 22.0% 29.4% | 17.0% 22.7% | 22.0% 4.8% | 21.0% 16.0% | 25.0% 4.2% | 24.0% 9.1% | 22.0% |
| Net Profit | ₹1.7K Cr 86.4% | ₹936 Cr 12.0% | ₹836 Cr 12.2% | ₹745 Cr 4.2% | ₹715 Cr 53.4% | ₹466 Cr 0.4% | ₹468 Cr 10.9% | ₹422 Cr 36.6% | ₹309 Cr 13.6% | ₹272 Cr |
| EPS (₹) | 46.33 90.7% | 24.29 7.1% | 26.14 15.1% | 22.72 4.6% | 21.73 44.5% | 15.04 5.8% | 14.21 8.8% | 13.06 43.2% | 9.12 11.9% | 8.15 |
| Div Payout | 34.0% 112.5% | 16.0% 72.4% | 58.0% 3.6% | 56.0% 16.7% | 48.0% 182.4% | 17.0% 61.4% | 44.0% | 0.0% 100.0% | 33.0% 6.5% | 31.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹67 Cr 0.0% | ₹67 Cr 8.1% | ₹62 Cr 1.6% | ₹61 Cr 0.0% | ₹61 Cr 0.0% | ₹61 Cr 1.6% | ₹62 Cr 0.0% | ₹62 Cr 0.0% | ₹62 Cr 1.6% | ₹61 Cr |
| Reserves | ₹6.8K Cr 8.2% | ₹6.3K Cr 77.1% | ₹3.6K Cr 18.0% | ₹3.0K Cr 13.1% | ₹2.7K Cr 11.1% | ₹2.4K Cr 3.1% | ₹2.3K Cr 16.1% | ₹2.0K Cr 17.4% | ₹1.7K Cr 5.4% | ₹1.6K Cr |
| Borrowings | ₹972 Cr 9.2% | ₹1.1K Cr 47.4% | ₹726 Cr 29.2% | ₹562 Cr 14.7% | ₹490 Cr 490.4% | ₹83 Cr 137.1% | ₹35 Cr 150.0% | ₹14 Cr 36.4% | ₹22 Cr 12.0% | ₹25 Cr |
| Other Liabilities | ₹5.7K Cr 18.7% | ₹4.8K Cr 182.4% | ₹1.7K Cr 13.7% | ₹2.0K Cr 19.6% | ₹1.7K Cr 77.0% | ₹935 Cr 3.4% | ₹968 Cr 29.4% | ₹748 Cr 9.7% | ₹828 Cr 19.1% | ₹695 Cr |
| Total Liabilities | ₹13.6K Cr 10.7% | ₹12.3K Cr 102.5% | ₹6.1K Cr 7.8% | ₹5.6K Cr 15.3% | ₹4.9K Cr 40.0% | ₹3.5K Cr 2.5% | ₹3.4K Cr 20.0% | ₹2.8K Cr 8.0% | ₹2.6K Cr 9.0% | ₹2.4K Cr |
Assets | ||||||||||
| Fixed Assets | ₹7.1K Cr 16.3% | ₹6.1K Cr 159.1% | ₹2.4K Cr 1.8% | ₹2.3K Cr 11.9% | ₹2.1K Cr 102.4% | ₹1.0K Cr 5.4% | ₹1.1K Cr 31.7% | ₹819 Cr 6.8% | ₹879 Cr 3.7% | ₹848 Cr |
| CWIP | ₹17 Cr 750.0% | ₹2 Cr 91.3% | ₹23 Cr 360.0% | ₹5 Cr 70.6% | ₹17 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹1 Cr 0.0% | ₹1 Cr | ₹0 Cr |
| Investments | ₹41 Cr 71.9% | ₹146 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹12 Cr 14.3% | ₹14 Cr 96.2% | ₹365 Cr 0.0% | ₹365 Cr 15.5% | ₹316 Cr |
| Other Assets | ₹6.4K Cr 6.9% | ₹6.0K Cr 63.6% | ₹3.7K Cr 11.4% | ₹3.3K Cr 18.4% | ₹2.8K Cr 14.0% | ₹2.5K Cr 6.2% | ₹2.3K Cr 39.9% | ₹1.6K Cr 19.6% | ₹1.4K Cr 10.9% | ₹1.2K Cr |
| Total Assets | ₹13.6K Cr 10.7% | ₹12.3K Cr 102.5% | ₹6.1K Cr 7.8% | ₹5.6K Cr 15.3% | ₹4.9K Cr 40.0% | ₹3.5K Cr 2.5% | ₹3.4K Cr 20.0% | ₹2.8K Cr 8.0% | ₹2.6K Cr 9.0% | ₹2.4K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.2K Cr 37.0% | ₹903 Cr 4.9% | ₹950 Cr 24.0% | ₹766 Cr 0.5% | ₹762 Cr 156.6% | ₹297 Cr 34.4% | ₹453 Cr 18.6% | ₹382 Cr 19.1% | ₹472 Cr 31.1% | ₹360 Cr |
| Investing CF | ₹-2.4K Cr 820.0% | ₹-265 Cr 1.5% | ₹-269 Cr 72.1% | ₹-963 Cr 1019.8% | ₹-86 Cr 163.2% | ₹136 Cr 157.4% | ₹-237 Cr 4.4% | ₹-248 Cr 27.7% | ₹-343 Cr 53.8% | ₹-223 Cr |
| Financing CF | ₹1.7K Cr 288.8% | ₹-887 Cr 59.0% | ₹-558 Cr 257.7% | ₹-156 Cr 77.6% | ₹-696 Cr 423.3% | ₹-133 Cr 25.5% | ₹-106 Cr 43.2% | ₹-74 Cr 10.4% | ₹-67 Cr 8.2% | ₹-73 Cr |
| Net Cash Flow | ₹474 Cr 290.4% | ₹-249 Cr 302.4% | ₹123 Cr 134.8% | ₹-353 Cr 1665.0% | ₹-20 Cr 106.7% | ₹300 Cr 175.2% | ₹109 Cr 81.7% | ₹60 Cr 3.2% | ₹62 Cr 3.1% | ₹64 Cr |
| Free Cash Flow | ₹680 Cr 5.6% | ₹644 Cr 19.2% | ₹797 Cr 29.0% | ₹618 Cr 10.0% | ₹687 Cr 202.6% | ₹227 Cr 41.0% | ₹385 Cr 31.0% | ₹294 Cr 24.0% | ₹387 Cr 93.5% | ₹200 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78d 6.8% | 73d 0.0% | 73d 7.6% | 79d 6.0% | 84d 12.0% | 75d 29.3% | 58d 18.3% | 71d 16.4% | 61d 23.8% | 80d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 78d 6.8% | 73d 0.0% | 73d 7.6% | 79d 6.0% | 84d 12.0% | 75d 29.3% | 58d 18.3% | 71d 16.4% | 61d 23.8% | 80d |
| Working Capital Days | 18d 40.0% | 30d 130.8% | 13d 60.6% | 33d 0.0% | 33d 13.2% | 38d 2.7% | 37d 23.3% | 30d 21.1% | 38d 40.6% | 64d |
| ROCE | 20.0% 31.0% | 29.0% 6.5% | 31.0% 3.1% | 32.0% 28.0% | 25.0% 7.4% | 27.0% 10.0% | 30.0% 30.4% | 23.0% 0.0% | 23.0% 8.0% | 25.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Coforge Limited
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.
Information TechnologyIT - Software