COFORGE - COFORGE LIMITED Share Price

IT - Software

₹7377.50-12.50(-0.17%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does COFORGE LIMITED do?

Computers - Software & Consulting•Information Technology•Mid Cap

Coforge Limited is a Computers - Software & Consulting company, trading under the stock ticker COFORGE. With a market capitalization of Rs. 51,530.2 Crores, the company is a prominent player in the information technology (IT) sector, offering a wide range of IT and IT-enabled services across several regions, including India, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Coforge specializes in digital process automation services, which encompass:

Workflow/process management
Artificial intelligence (AI) and predictive analytics
Robotic Process Automation (RPA)
Case management

In addition to automation, the company provides digital services such as interactive services, product engineering, enterprise operations, and intelligent automation. Furthermore, it offers cloud and infrastructure management services, covering aspects like:

Cloud solutions
Workplace management
Cybersecurity
Data centers
Always-on networks
Service integration

Cybersecurity is a major focus for Coforge, offering services that include:

Security incident management
Vulnerability management
Threat intelligence
Identity and access management
Phishing analysis and training
Governance & risk management
Workplace security

Coforge also delves into AI and machine learning, business analytics and BI, data engineering and management, D&A Ops, and advisory services. The company's engineering services include product quality, automation engineering, business assurance testing, enterprise and product testing, along with AI and ML infused testing services. Moreover, Coforge provides business process solutions and caters to various sectors such as insurance, travel, tourism, hospitality, banking and financial services, retail, healthcare, and public sectors.

Established in 1992 and previously known as NIIT Technologies Limited until its renaming in August 2020, Coforge has strategic alliances with companies like Kong Inc. for cloud API services, and Newgen Software Technologies Limited to bolster digital operations for organizations.

In terms of financial performance, Coforge has reported a revenue of Rs. 11,291 Crores over the trailing 12 months, alongside a dividend yield of 1.23%. The company distributed Rs. 95 as a dividend per share in the last year. However, it has diluted shareholdings by 9.8% over the past three years, despite achieving significant revenue growth of 88.3% in that same period.

Industry Group:IT - Software

Employees:13,297

Website:www.coforge.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	COFORGE	IT
PE	57.59	25.46
PS	4.38	3.94
Growth	25 %	4.3 %

Description	Share	Value
Americas	56.0%	1.9 kCr
Europe, Middle East and Africa	34.2%	1.1 kCr
Asia Pacific	6.3%	208.5 Cr
India	3.6%	119 Cr
Total		3.3 kCr

Cash Flow for COFORGE

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	23.2%	70	57	0
Depreciation	17.6%	128	109	84
Impairment loss / reversal	-	5.4	0	0
Dividend income	31.7%	629	478	0
Adjustments for interest income	0%	1.9	1.9	0
Share-based payments	57.8%	72	46	29
Net Cashflows from Operations	108%	471	227	818
Dividends received	-	0	0	-347.7
Interest paid	-	0	0	-50
Interest received	-	0	0	-2.1
Income taxes paid (refund)	15.2%	175	152	129
Net Cashflows From Operating Activities	292%	295	76	389
Cashflows used in obtaining control of subsidiaries	-	0	0	991
Proceeds from sales of PPE	51.9%	5.1	3.7	6
Purchase of property, plant and equipment	119.4%	148	68	106
Dividends received	32%	628	476	347
Interest received	-88.2%	1.2	2.7	0.4
Other inflows (outflows) of cash	-	3.5	0	13
Net Cashflows From Investing Activities	18.4%	490	414	-730.8
Payments from changes in ownership interests in subsidiaries	-	337	0	0
Proceeds from issuing shares	-137.5%	0.7	1.8	5.1
Proceeds from borrowings	-	0	0	340
Repayments of borrowings	-25%	0	0.2	5
Payments of lease liabilities	-118.2%	0	6.5	0
Dividends paid	32.1%	466	353	315
Interest paid	20.4%	66	55	17
Net Cashflows from Financing Activities	-112.6%	-879.3	-413.1	1.9
Net change in cash and cash eq.	-225.5%	-94.4	77	-340.2

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	56.6%	120	77	0
Depreciation	23.7%	319	258	227
Impairment loss / reversal	-	10	0	0
Dividend income	205.6%	12	4.6	0
Adjustments for interest income	18.2%	14	12	9.8
Share-based payments	50.9%	81	54	36
Net Cashflows from Operations	3.3%	1,270	1,230	972
Dividends received	-	0	0	-3.1
Interest paid	-	0	0	-60.9
Income taxes paid (refund)	30.8%	366	280	265
Net Cashflows From Operating Activities	-5%	903	950	766
Cashflows used in obtaining control of subsidiaries	-100.8%	0	122	856
Proceeds from sales of PPE	34.3%	5.7	4.5	6.6
Purchase of property, plant and equipment	68.8%	266	158	154
Interest received	233.3%	12	4.3	1.8
Other inflows (outflows) of cash	-	0	0	45
Net Cashflows From Investing Activities	8.7%	-247.8	-271.6	-956.4
Payments from changes in ownership interests in subsidiaries	-	352	0	73
Proceeds from issuing shares	-137.5%	0.7	1.8	5.1
Proceeds from borrowings	605.3%	97	-18	358
Repayments of borrowings	-	0	0	5.9
Payments of lease liabilities	-102.4%	0	42	0
Dividends paid	11.7%	478	428	375
Interest paid	50%	106	71	26
Net Cashflows from Financing Activities	-58.8%	-887	-558.2	-155.8
Effect of exchange rate on cash eq.	-1400%	-17.2	2.4	-6.5
Net change in cash and cash eq.	-304.6%	-248.6	123	-353.1

Share Holdings

Understand COFORGE ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
MOTILAL OSWAL MIDCAP FUND	9.16%
HDFC MUTUAL FUND - HDFC MID-CAP OPPORTUNITIES FUND	5.43%
DSP MIDCAP FUND	3.67%
SMALLCAP WORLD FUND, INC	3.51%
UTI-FLEXI CAP FUND	2.95%
SBI LARGE & MIDCAP FUND	2.05%
HDFC LIFE INSURANCE COMPANY LIMITED	2%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C - ADITYA BIRLA SUN LIFE FOCUSED FUND	1.99%
NEW WORLD FUND INC	1.97%
SBI LIFE INSURANCE CO. LTD	1.88%
INVESCO INDIA CONTRA FUND	1.64%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND	1.53%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	1.34%
AXIS MAX LIFE INSURANCE LIMITED A/c - ULIF01311/02/08LIFEHIGHGR104 - High Growth Fund	1.26%
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	1.22%
HSBC MIDCAP FUND	1.19%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO	1.12%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS MID CAP FUND	1.03%
NOMURA INDIA INVESTMENT FUND MOTHER FUND	1.01%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Income Statement for COFORGE

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8.1%	1,433	1,326	1,210	1,225	1,265	1,219
Other Income	-45.5%	109	199	90	218	308	36
Total Income	1.2%	1,542	1,524	1,299	1,443	1,572	1,256
Purchases of stock-in-trade	-	0	0	0	0	0	0
Employee Expense	6.9%	1,035	968	830	799	800	862
Finance costs	172.7%	13	5.4	17	22	19	18
Depreciation and Amortization	8.1%	41	38	31	34	32	31
Other expenses	24.5%	311	250	306	267	292	247
Total Expenses	10.9%	1,399	1,262	1,184	1,122	1,143	1,158
Profit Before exceptional items and Tax	-45.8%	143	263	115	321	429	97
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-45.8%	143	263	115	321	429	97
Current tax	13.2%	44	39	45	32	6	41
Deferred tax	-15.5%	-7.2	-6.1	-11.4	-4.6	13	-20.5
Total tax	12.5%	37	33	34	27	19	20
Total profit (loss) for period	-54.1%	106	230	81	294	410	77
Other comp. income net of taxes	149.3%	19	-35.5	3.2	19	-13.7	9.8
Total Comprehensive Income	-35.8%	125	194	84	313	396	86
Earnings Per Share, Basic	-55.6%	15.85	34.41	12.76	47.6	66.55	12.54
Earnings Per Share, Diluted	-55.7%	15.7	34.2	12.67	47.2	65.56	12.54
Debt equity ratio	-	-	-	-	-	-	-
Debt service coverage ratio	-	-	-	-	-	-	-
Interest service coverage ratio	-	-	-	-	-	-	-

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	14.6%	4,849	4,230	3,313	2,412	2,231
Other Income	29.3%	760	588	400	106	285
Total Income	16.4%	5,609	4,818	3,714	2,518	2,516
Purchases of stock-in-trade	-102.6%	0.1	36	98	117	54
Employee Expense	13.6%	3,279	2,887	2,156	1,594	1,418
Finance costs	22.4%	72	59	52	5.8	7.8
Depreciation and Amortization	17.6%	128	109	84	96	90
Other expenses	24.3%	1,060	853	632	422	459
Total Expenses	15.1%	4,540	3,944	3,022	2,235	2,028
Profit Before exceptional items and Tax	22.2%	1,069	875	692	283	487
Exceptional items before tax	98.1%	0	-52.3	0	0	0
Total profit before tax	30.1%	1,069	822	692	283	487
Current tax	14.5%	96	84	51	54	72
Deferred tax	-482.4%	-18.5	6.1	-4.3	-10.2	-7
Total tax	-14.6%	77	90	47	44	65
Total profit (loss) for period	35.6%	992	732	644	240	422
Other comp. income net of taxes	186.4%	27	-29.1	-1.4	28	-35.1
Total Comprehensive Income	44.9%	1,018	703	643	267	387
Earnings Per Share, Basic	34.7%	161.49	120.12	106.19	39.32	67.93
Earnings Per Share, Diluted	35.4%	159.07	117.75	103.75	38.59	67.53
Debt equity ratio	-	-	013	-	-	-
Debt service coverage ratio	-	-	0.0728	-	-	-
Interest service coverage ratio	-	-	0.0731	-	-	-

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8.4%	3,318	3,062	2,401	2,358	2,323	2,276
Other Income	7.3%	60	56	25	9.9	15	8.9
Total Income	8.3%	3,378	3,119	2,426	2,368	2,338	2,285
Purchases of stock-in-trade	-52.2%	2.1	3.3	2.2	0.9	0.9	3.5
Employee Expense	4%	1,988	1,911	1,422	1,367	1,346	1,419
Finance costs	6.9%	32	30	32	37	35	32
Depreciation and Amortization	2.4%	127	124	82	85	81	77
Other expenses	20.3%	885	736	683	605	582	512
Total Expenses	8.2%	3,034	2,805	2,222	2,094	2,044	2,044
Profit Before exceptional items and Tax	9.3%	343	314	205	274	294	241
Exceptional items before tax	-	0	0	0	12	0	0
Total profit before tax	9.3%	343	314	205	286	294	241
Current tax	3%	104	101	81	63	43	75
Deferred tax	22%	-16.4	-21.3	-15.9	-7	8.7	-22.3
Total tax	8.9%	87	80	65	56	52	53
Total profit (loss) for period	9.4%	256	234	139	229	243	188
Other comp. income net of taxes	-158.5%	-6.6	14	-2.1	8.2	18	0
Total Comprehensive Income	0.4%	249	248	137	237	261	188
Earnings Per Share, Basic	6.6%	32.26	30.32	20.93	36.21	38.63	29.59
Earnings Per Share, Diluted	6.2%	31.94	30.14	20.78	35.9	38.06	28.98
Debt equity ratio	-	0	0	-	0	-	-

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	14.5%	9,179	8,015	6,432	4,663	4,184
Other Income	-19.7%	50	62	52	33	68
Total Income	14.3%	9,229	8,076	6,484	4,695	4,252
Purchases of stock-in-trade	-84.4%	9.4	55	172	194	84
Employee Expense	14.1%	5,507	4,828	3,835	2,816	2,530
Finance costs	56.2%	126	81	65	14	16
Depreciation and Amortization	23.7%	319	258	227	184	173
Other expenses	20.8%	2,235	1,851	1,323	874	846
Total Expenses	15.9%	8,196	7,073	5,622	4,081	3,649
Profit Before exceptional items and Tax	2.9%	1,033	1,004	862	614	602
Exceptional items before tax	120.6%	12	-52.3	0	-18	-7.1
Total profit before tax	9.9%	1,045	951	862	596	595
Current tax	0%	249	249	177	161	155
Deferred tax	7%	-40	-43.1	-30.6	-30.6	-27.3
Total tax	1.5%	209	206	147	130	128
Total profit (loss) for period	12.2%	836	745	715	466	468
Other comp. income net of taxes	41.9%	45	32	26	55	10
Total Comprehensive Income	13.3%	880	777	741	521	478
Earnings Per Share, Basic	15.8%	131.56	113.77	109.02	74.68	71.39
Earnings Per Share, Diluted	16.3%	129.59	111.53	106.52	73.29	70.97
Debt equity ratio	-0.1%	0	011	-	-	-

Balance Sheet for COFORGE

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	2659.5%	1,160	43	68	137	34	60
Current investments	-	0	0	0	0	0	0
Total current financial assets	115.6%	2,226	1,033	780	935	759	540
Current tax assets	-	-	-	0	24	0	0
Total current assets	92.8%	2,226	1,155	931	1,060	885	632
Property, plant and equipment	10.5%	380	344	427	429	345	386
Capital work-in-progress	-10.5%	18	20	0.8	1.7	7.2	8.6
Goodwill	0%	2.1	2.1	2.1	2.1	2.1	2.1
Non-current investments	49.5%	3,241	2,168	2,170	1,834	1,834	1,834
Total non-current financial assets	42.6%	3,302	2,316	2,238	1,898	1,880	1,881
Total non-current assets	36.2%	4,536	3,330	3,181	2,718	2,652	2,607
Total assets	51.4%	6,788	4,485	4,112	3,778	3,537	3,241
Borrowings, non-current	-100.3%	0	340	339	338	337	345
Total non-current financial liabilities	-72.5%	113	409	409	407	386	358
Provisions, non-current	-	0	0	0	0	0	62
Total non-current liabilities	-57.6%	226	532	519	499	471	424
Borrowings, current	-	207	0	255	0	150	7.7
Total current financial liabilities	52.3%	854	561	692	593	675	536
Provisions, current	-	0	0	0	0	0	70
Total current liabilities	51%	966	640	804	664	758	610
Total liabilities	1.6%	1,192	1,173	1,322	1,163	1,229	1,035
Equity share capital	8.2%	67	62	62	61	61	61
Total equity	69%	5,596	3,312	2,790	2,615	2,308	2,206
Total equity and liabilities	51.4%	6,788	4,485	4,112	3,778	3,537	3,241

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	648.8%	2,397	321	326	570	377	447
Current investments	-	0	0	0	0	0	0
Total current financial assets	126%	4,873	2,157	2,497	2,362	2,225	1,909
Current tax assets	-	-	0	0	23	0	0
Total current assets	87.3%	4,873	2,602	2,799	2,630	2,608	2,102
Property, plant and equipment	13.7%	508	447	728	682	439	593
Capital work-in-progress	-18.2%	19	23	6.2	4.6	8.8	8.6
Goodwill	222.5%	3,784	1,174	1,165	1,166	1,056	1,071
Non-current investments	-	2.8	0	0	0	0	0
Total non-current financial assets	36.3%	279	205	222	225	254	211
Total non-current assets	106.2%	7,228	3,505	3,285	3,054	2,742	2,734
Total assets	98.6%	12,127	6,108	6,085	5,683	5,350	4,954
Borrowings, non-current	-100.3%	0	340	339	338	337	430
Total non-current financial liabilities	-85.3%	98	660	401	582	554	757
Provisions, non-current	-	0	0	364	0	0	105
Total non-current liabilities	-13.2%	737	849	823	774	739	944
Borrowings, current	646.9%	718	97	604	0	247	59
Total current financial liabilities	155.6%	3,061	1,198	1,469	1,467	1,415	915
Provisions, current	-	0	0	88	0	0	32
Total current liabilities	122.4%	3,406	1,532	1,834	1,739	1,693	1,179
Total liabilities	74%	4,142	2,381	2,657	2,514	2,432	2,123
Equity share capital	8.2%	67	62	62	61	61	61
Non controlling interest	1925.3%	2,006	100	100	87	90	98
Total equity	114.3%	7,984	3,727	3,428	3,170	2,918	2,831
Total equity and liabilities	98.6%	12,127	6,108	6,085	5,683	5,350	4,954

Investor Care
Dividend Yield	1.29%
Dividend/Share (TTM)	95
Shares Dilution (1Y)	8.27%
Diluted EPS (TTM)	118.76

Financial Health
Current Ratio	1.43
Debt/Equity	0.09
Debt/Cashflow	1.26

Valuation
Market Cap	49.33 kCr
Price/Earnings (Trailing)	57.49
Price/Sales (Trailing)	4.37
EV/EBITDA	29.07
Price/Free Cashflow	84.23
MarketCap/EBT	43

Fundamentals
Revenue (TTM)	11.29 kCr
Rev. Growth (Yr)	44.46%
Rev. Growth (Qtr)	8.31%
Earnings (TTM)	858 Cr
Earnings Growth (Yr)	5.4%
Earnings Growth (Qtr)	9.55%

Profitability
Operating Margin	10.06%
EBT Margin	10.16%
Return on Equity	10.75%
Return on Assets	7.08%
Free Cashflow Yield	1.19%

Is COFORGE Better than it's peers?

Detailed comparison of COFORGE against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
TCS	Tata Consultancy ServicesComputers - Software & Consulting	12.46 LCr	2.56 LCr	-4.51%	-9.89%	25.42	4.86	+5.31%	+8.82%
INFY	InfosysComputers - Software & Consulting	6.15 LCr	1.65 LCr	-5.68%	+3.58%	22.2	3.72	+5.96%	+13.44%
HCLTECH	HCL TechComputers - Software & Consulting	4.2 LCr	1.18 LCr	-2.71%	+5.12%	24.61	3.57	+7.49%	+8.85%
WIPRO	WiproComputers - Software & Consulting	2.52 LCr	92.14 kCr	-8.29%	+3.53%	20.16	2.73	-1.32%	+10.05%
LTIM	LTIMindtreeComputers - Software & Consulting	1.33 LCr	38.08 kCr	-0.10%	-6.29%	29.06	3.49	+6.13%	-0.52%
PERSISTENT	Persistent SystemsComputers - Software & Consulting	82.4 kCr	11.44 kCr	-4.11%	+55.62%	62.44	7.2	+19.25%	+28.17%
MPHASIS	MphasisComputers - Software & Consulting	47.48 kCr	14.19 kCr	+0.13%	+8.93%	28.79	3.35	+5.72%	+5.23%
TATAELXSI	Tata ElxsiComputers - Software & Consulting	35.43 kCr	3.9 kCr	+9.10%	-19.91%	43.77	9.09	+8.30%	+1.59%
CYIENT	CyientIT Enabled Services	13.12 kCr	7.39 kCr	-6.58%	-37.34%	19.91	1.77	+4.38%	-1.54%

COFORGE - COFORGE LIMITED Share Price

What does COFORGE LIMITED do?

Sector Comparison: COFORGE vs IT - Software

Comparative Metrics

Performance Comparison

Revenue Breakdown

Cash Flow for COFORGE

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Income Statement for COFORGE

Balance Sheet for COFORGE

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Is COFORGE Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)