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Coforge Limited

Coforge Limited

COFORGE.BO
Coforge LimitedIN flagBombay Stock Exchange
1,501.45
INR
+20.10
- -
504.49BMarket Cap
Coforge Limited
COFORGE.BO
(Bombay Stock Exchange)

Recent

price

1,501.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
41.8
53.09
67.37
76.24
77.97
87.75
91.42
97.34
119.39
134.55
152.86
211.95
262.85
293.37
365.72
489.65
400.54
Revenue per Share
6.29
6.64
7.11
7.63
3.75
8.84
8.16
9.13
13.1
14.28
14.94
21.8
22.75
26.31
24.6
46.44
29.79
Basic EPS, GAAP
0.55
2.4
4.74
0.18
2.31
6.52
12.56
9.56
12.42
7.22
22.43
20.15
25.98
20.77
18.86
31.32
- -
Free Cash Flow per Basic Share
1.65
1.72
1.89
1.81
2.14
2.39
2.41
2.64
3.53
4.72
2.25
10.39
11.59
15.19
15.07
15.75
- -
Dividend per Share
25.37
23.94
28.25
32.99
38.52
41.3
45.7
47.67
55.98
64.45
68.78
75.82
84.26
97.67
101.89
2.01
- -
Book Value per Share
22.28
26.46
32.26
38.49
40.3
38.63
43.81
44.52
54.56
57.81
62.19
44.46
50.51
68.83
101.67
124.46
- -
Tangible Book Value per Share
295
297
300
302
304
306
307
307
308
311
305
303
305
307
330
335
334
Basic Weighted Avg Shares
12,323
15,765
20,214
23,050
23,725
26,810
28,021
29,891
36,762
41,839
46,628
64,320
80,146
90,089
120,733
164,027
133,945
Sales/Revenue/Turnover
17.83
14.87
13.67
12.71
10.98
13.17
12.85
12.64
14.3
13.18
13.15
13.86
12.92
12.91
10.72
14.42
10.74
Operating Margin (%)
315
364
567
619
916
1,211
1,277
1,274
1,248
1,730
1,836
2,272
2,585
3,186
4,683
6,819
5,151
Depreciation Expense
1,854
1,972
2,132
2,305
1,141
2,700
2,501
2,802
4,033
4,440
4,556
6,617
6,938
8,080
8,121
15,557
9,962
Net Income, GAAP
14.83
24.5
25.57
25.2
30.69
21.46
22.39
23.51
24.95
21.46
21.84
17.04
21.67
20.65
25.66
13.36
23.74
Effective Tax Rate (%)
15.05
12.51
10.55
10
4.81
10.07
8.93
9.37
10.97
10.61
9.77
10.29
8.66
8.97
6.73
9.48
7.44
Profit Margin (%)
3,804
4,512
6,301
7,192
7,600
8,844
10,167
10,378
12,970
13,568
12,512
10,417
8,671
10,710
19,815
22,364
- -
Working Capital
36
63
60
53
49
64
254
225
100
706
551
4,302
5,168
5,716
2,802
3,354
- -
LT Debt
7,521
9,222
11,114
13,428
14,547
15,919
17,102
17,962
20,798
23,965
24,661
28,314
31,699
37,269
83,290
96,806
- -
Total Equity
27.38
20
18.93
17.09
12.5
17.76
16.88
16.79
20.8
19.28
19.43
25.89
23.56
23.09
14.14
20.75
- -
Return on Invested Capital (%)
28.1
25.91
25.4
23.55
9.7
20.42
16.82
17.33
23.84
22.14
21.01
26.01
23.01
24.87
15.44
41.32
49.58
Return on Capital (%)
28.17
27.04
27.36
24.99
10.52
22.19
18.79
19.56
25.3
23.82
22.21
30.08
28.49
29.02
25.53
90.69
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
7,902
- -
LT Borrowings
- -
67
- -
LT Finance Leases
- -
2,735
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
334
- -
Market Capitalization
634,709
534,671
643,807

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
47,615
- -
Cash, Cash Equivalents & STI
- -
10,529
- -
Accounts Receivable, Net
- -
25,771
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
27,800
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
7,902
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.04%
36.81%
16.23%
Free Cash Flow
32.89%
13.12%
68.49%
Net Income, GAAP
21.99%
31.73%
91.57%
Sales/Revenue/Turnover
20.43%
28.97%
35.86%
Total Cash Common Dividend
44.31%
83.26%
6.05%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22,210
22,762
23,233
23,585
90,089
2025
23,571
30,256
32,581
34,222
120,733
2026
36,886
41,881
44,504
- -
164,027

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.41
5.92
7.73
- -
26.31
2025
4.19
6.06
6.45
7.8
24.6
2026
9.47
7.45
18.23
- -
46.44

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
15.19
2025
- -
- -
- -
- -
15.07
2026
- -
- -
- -
- -
15.75
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Business
Coforge Limited is an India-based information technology (IT) solutions company that provides digital services and solutions leveraging emerging technologies and deep domain expertise to deliver business transformation for clients worldwide. The company offers a comprehensive portfolio of services, including Artificial Intelligence, Digital Engineering, Data and Analytics, Digital Process Automation utilizing platforms such as Appian, Pega, Mendix and OutSystems; Salesforce Ecosystem encompassing Salesforce and MuleSoft; Cloud and Infrastructure Management Services featuring Cloud Services and Anyplace Workplace; Cybersecurity Services; Business Process Solutions; Quality Engineering Services; SAP Services; and Metaverse solutions. It serves industries such as banking and financial services, travel and transportation, hospitality, insurance, healthcare and life sciences, retail, consumer goods, public sector, and energy, with geographic operations spanning the Americas, Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), and India. Founded in 1992 and headquartered in Noida, India, Coforge Limited, formerly known as NIIT Technologies Limited until its rebranding in 2020, employs over 32,000 professionals globally and maintains a strong client retention rate with an average tenure exceeding 10 years for its top clients. The company focuses on application development and maintenance, managed services, cloud computing, business process outsourcing, and computer programming consultancy to enable clients' digital transformation across sectors. In recent developments, Coforge Limited acquired a controlling 54% stake in Cigniti Technologies Ltd in 2024 through multiple tranches including an open offer, enhancing its quality engineering and testing capabilities as part of its inorganic growth strategy toward a $2 billion revenue target. It secured a landmark 13-year, $1.56 billion product delivery and AI solutions deal with Sabre Corporation, a U.S.-based travel technology firm, strengthening its travel sector presence and long-term partnership. Additionally, the company announced a stock split in a 1:5 ratio in early 2025 and continues to pursue bolt-on acquisitions and strategic alliances to expand its product portfolio and client base.