Coforge Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 21.4%)
- Efficient capital deployment (ROCE 23.5%)
- Virtually debt-free
Concerns
- Trading near 52-week high (₹2,022)
Today's Price Action
Coforge Limited (COFORGE) is trading at ₹1,972.8 with essentially flat intraday movement. The session volume of 11,08,096 contracts matches the 20‑day average, indicating that today's turnover is typical for the stock and does not suggest any unusual buying or selling pressure.
Valuation Snapshot
The stock’s trailing P/E ratio stands at 46.5, markedly higher than the sector’s implied P/E of zero (the sector IT index currently lacks a meaningful earnings base). A price‑to‑book of 0 and a return on equity of 21.4 % point to solid profitability relative to the balance‑sheet size.
Key Levels to Watch
The current price sits just below the 52‑week high of ₹2,016, leaving a modest upside cushion of roughly ₹43. On the downside, the 52‑week low of ₹1,008 marks a strong support zone around ₹1,000, which also coincides with a historically significant open‑interest concentration in surrounding strike prices.
Chart Pattern
In the daily timeframe, the chart displayed a bullish Dragonfly Doji and a Hammer two sessions ago, followed by a bullish Marubozu eight sessions ago. These candlesticks collectively illustrate moments of near‑equal closing and opening prices with short or nonexistent shadows, suggesting temporary equilibrium between buyers and sellers.
Data Summary
Coforge’s market capitalisation is reported as ₹0 Cr, reflecting a data omission rather than a valuation insight. The stock’s key metrics—P/E of 46.5, P/B of 0, and ROE of 21.4 %—remain the most salient fundamentals for investors to consider.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,304 | ₹8.3L Cr | 15.5 | 7.78 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,130 | ₹4.6L Cr | 14.7 | 5.02 | 31.9 | 40 | 0.1 |
| HCLTECH HCL Technologies Limited | ₹1,293 | ₹3.5L Cr | 19.4 | 4.67 | 23.8 | 30.4 | 0.07 |
| WIPRO Wipro Limited | ₹176 | ₹1.7L Cr | 13.2 | 2.1 | 15.5 | 17.8 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,597 | ₹1.6L Cr | 29.4 | 5.29 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,554 | ₹1.4L Cr | 24.1 | 5.62 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹12,058 | ₹1.1L Cr | 30.8 | 13.41 | 32.6 | 45.3 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
COFORGE · as of Mar 2026
| Category | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 30.67% | 30.51% | 70.10% | 63.99% | 40.09% | 30.16% |
| FII | 40.72% | 40.61% | 14.49% | 14.62% | 22.40% | 25.40% |
| DII | 15.18% | 16.05% | 6.80% | 11.85% | 25.68% | 32.20% |
| Public | 13.31% | 12.69% | 8.61% | 9.54% | 11.83% | 12.23% |
| Govt | 0.13% | 0.15% | — | — | — | — |
Corporate Events
Interim Dividend - Rs 4 Per Share
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 Jun 30, 2026
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
Interim Dividend - Rs 19 Per Share
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 launches AI Launchpad for enterprises
*Coforge launches AI Launchpad for enterprises* — Coforge unveiled its AI Launchpad, an open-weight AI ecosystem designed for enterprise clients. The platform aims to accelerate AI adoption and integration across industries. This strategic move strengthens Coforge’s position in the AI-driven IT services space. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Coforge launches AI Adoption Fabric for faster outcomes
*Coforge launches AI Adoption Fabric for faster outcomes* — Coforge unveiled a new AI Adoption Fabric on August 31, 2026, aimed at accelerating digital transformation and improving client outcomes. The framework integrates **AI-driven automation** and **cloud-native platforms** to enhance enterprise scalability. This strategic move strengthens Coforge’s positioning in the global AI services market. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Coforge expands partnership with Pega for AI transformation.
*Coforge expands partnership with Pega for AI transformation.* The collaboration aims to accelerate enterprise AI adoption, enhancing digital transformation solutions for global clients. **No financial figures** were disclosed, but the expanded tie-up signals strategic growth in AI-driven services. This strengthens Coforge’s positioning in the competitive IT services space. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
Coforge launches private equity business unit
*Coforge launches private equity business unit.* The company announced the launch of a private equity business unit to diversify its investment portfolio. This strategic move aims to generate **new revenue streams** and enhance long-term shareholder value. The unit will focus on technology-driven sectors. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #PE
Coforge launches AI-focused unit Momentuum AI for enterprises
*Coforge launches AI-focused unit Momentuum AI for enterprises*. The new operating unit aims to deliver measurable outcomes using Enterprise AI solutions. This strategic move strengthens Coforge’s digital transformation offerings in the global IT services space. The launch reflects growing demand for AI integration in enterprise workflows. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
Coforge launches AI-powered SecureEdge2Cloud on Zscaler platform
*Coforge launches AI-powered SecureEdge2Cloud on Zscaler platform* — Coforge has introduced SecureEdge2Cloud, an AI-driven Zero Trust solution built on Zscaler’s platform, targeting enhanced cloud security for enterprises. The offering aims to strengthen its cybersecurity portfolio and capture growing demand in secure cloud transformation. This strategic move could boost differentiation in a competitive IT services market. 📊 *STOCKS:* COFORGE | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Cybersecurity
Coforge releases Sustainability Report for FY 2025-26
*Coforge releases Sustainability Report for FY 2025-26* details ESG initiatives and environmental metrics. The report outlines carbon footprint reduction targets and energy efficiency goals. No financial updates or material operational changes disclosed. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #LOWIMPACT #Sustainability
Coforge to hold shareholder meeting on August 24, 2026
*Coforge to hold shareholder meeting on August 24, 2026.* The event is a routine corporate filing with no major announcements. Investors may anticipate updates on company strategy or governance. No financial impact expected from the meeting itself. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #LOWIMPACT #ShareholdersMeeting
Coforge hosts analyst and investor meet with no major announcements
*Coforge hosts analyst and investor meet with no major announcements.* The company provided updates during its recent investor interaction, reiterating business outlook and operational performance. No significant financial revisions or strategic shifts were disclosed. **Transcript available via NSE corporate filing**. 📊 *STOCKS:* $COFORGE | 🏢 *SECTOR:* IT | #LOWIMPACT #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 6.2% | ₹4.0K Cr 7.6% | ₹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 1.2% | ₹732 Cr 26.9% | ₹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% 5.6% | 18.0% 12.5% | 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