Coforge Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 20.6%)
- ✓Efficient capital deployment (ROCE 23.5%)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,196 | ₹8.9L Cr | 16.9 | 7.42 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,199 | ₹5.2L Cr | 17.1 | 5.24 | 31.9 | 40 | 0.1 |
| HCLTECH HCL Technologies Limited | ₹1,155 | ₹3.4L Cr | 19.4 | 4.17 | 24 | 30.6 | 0.07 |
| WIPRO Wipro Limited | ₹198 | ₹2.2L Cr | 16.7 | 2.36 | 15.5 | 17.9 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,482 | ₹1.5L Cr | 30.8 | 4.91 | 17.6 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,026 | ₹1.3L Cr | 23.8 | 4.97 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹9,969 | ₹90K Cr | 34.1 | 11.09 | 32.6 | 45.3 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
COFORGE · as of Apr 2026
| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Promoters | 30.51% | 70.10% | 63.99% | 40.09% | 30.16% | — |
| FII | 40.61% | 14.49% | 14.62% | 22.40% | 25.40% | 35.00% |
| DII | 16.05% | 6.80% | 11.85% | 25.68% | 32.20% | 54.29% |
| Public | 12.69% | 8.61% | 9.54% | 11.83% | 12.23% | 10.69% |
| Govt | 0.15% | — | — | — | — | — |
Corporate Events
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
Interim Dividend - Rs 19 Per Share
Record: 11 Oct 2024
Interim Dividend - Rs 19 Per Share
Latest News
All news →Sun Pharma, Coforge eye overseas acquisitions amid weak domestic growth
*Sun Pharma, Coforge eye overseas acquisitions amid weak domestic growth* — Indian firms are targeting foreign buys as home market growth slows. Sun Pharma and Coforge are actively exploring international deals to diversify revenue. These strategic moves aim to leverage global opportunities while domestic demand remains subdued. 📊 *STOCKS:* SUNPHARMA, COFORGE | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Acquisition
Top brokerages see 15%-88% upside in 8 stocks
*Top brokerages are bullish on Polycab, Paytm, and Coforge, citing **15%-88%** upside potential.* Analysts highlight strong fundamentals and sector tailwinds driving optimism. Recent price targets suggest significant re-rating scope for these stocks. 📊 *STOCKS:* POLYCAB, PAYTM, COFORGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Brokerage
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 ▲8.1% | ₹3.7K Cr ▲7.8% | ₹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 ▲36.1% | ₹12.1K Cr ▲33.8% | ₹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 ▲30.0% | ₹10.4K Cr ▲37.0% | ₹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 | 9.0% ▼85.7% | 63.0% ▲8.6% | 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 Technology · IT - Software