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Coforge Limited

Coforge Limited

COFORGE.NS
Coforge LimitedIN flagNational Stock Exchange of India
1,503.80
INR
+35.20
- -
505.10BMarket Cap
Coforge Limited
COFORGE.NS
(National Stock Exchange of India)

Recent

price

1,503.80

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
634,860
535,361
643,573

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 (COFORGE.NS) is an Indian multinational information technology services company that provides digital transformation solutions, fusing domain expertise with emerging technologies including artificial intelligence, cloud computing, data analytics, intelligent automation, cybersecurity, and low-code platforms; core offerings encompass application development and modernization, digital process automation via platforms such as Appian, Pega, and Mendix, cloud and infrastructure management, quality engineering, SAP services, business process solutions, and metaverse innovations. The company serves clients primarily in banking, financial services and insurance (BFSI), travel, transportation and hospitality, and public sector industries, with key customers including British Airways, ING Group, Sabre, SEI Investments, and SITA; it operates across 24 countries through 30 global delivery centers, generating significant revenue from North America, Europe, the Middle East, Africa, and Asia-Pacific. Founded in 1992 as NIIT Technologies Limited and rebranded to Coforge in 2020, the company maintains headquarters in Noida, India, and employs approximately 35,000 people. Recent developments include the May 2024 acquisition of a 54% controlling stake in Cigniti Technologies to bolster software testing capabilities, the March 2025 purchases of Rythmos Inc. for $30 million to enhance enterprise AI and ServiceNow services and TMLabs Pty Ltd. for A$20 million to strengthen Australia operations, a $1.56 billion 13-year AI and product delivery deal with Sabre Corporation announced in early 2025 alongside a 1:5 stock split, and the December 2025 expansion of its Quasar AI platform with new enterprise accelerators for productivity and responsible AI adoption; in Q2 FY26, Coforge reported robust 8.1% quarter-on-quarter revenue growth to support its trajectory toward $2 billion in annual revenue, with an executable order book exceeding $1.6 billion.