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Coforge Ltd

COFORGE

Coforge Ltd

COFORGE
Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹50,331 cr, stock is ranked 178
Moderate RiskStock is 2.50x as volatile as Nifty
7,546.500.04% (+3.25)
7,546.500.04% (+3.25)

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Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹50,331 cr, stock is ranked 178
Moderate RiskStock is 2.50x as volatile as Nifty

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹50,331 cr, stock is ranked 178
Moderate RiskStock is 2.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
63.1413.500.93%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
33.828.921.73%

Forecast & Ratings

Detailed Forecast 
68%
Analysts have suggested that investors can buy this stock

from 28 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Coforge Ltd is engaged in the business of application development and maintenance, managed services, cloud computing and business process outsourcing.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 19.9%, vs industry avg of 11.54%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.79% to 1.18%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 14.91%, vs industry avg of 8.38%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,710.302,829.003,030.503,729.704,251.604,695.406,483.808,076.509,240.4010,263.10
Raw Materialssubtract30.8014.1031.7029.1084.40193.50172.4055.109.408,658.90
Power & Fuel Costsubtract16.7018.5018.5017.7016.9012.4013.9015.8019.20
Employee Costsubtract1,541.901,651.301,760.102,153.202,529.802,815.803,834.604,828.005,506.90
Selling & Administrative Expensessubtract426.20441.10513.70622.40598.40552.40873.401,188.901,313.70
Operating & Other expensessubtract200.70219.70166.10210.90238.20327.20435.80698.40902.10
Depreciation/Amortizationsubtract121.10127.70127.40124.80173.00183.60227.20258.50318.60371.50
Interest & Other Itemssubtract7.506.009.409.2015.5014.3065.0080.60125.60134.50
Taxes & Other Itemssubtract95.40100.50123.40159.10151.40140.60199.80257.40236.90301.10
EPS44.1840.8245.6365.4571.4574.03108.92113.74131.48128.94
DPS10.0012.5015.000.0031.0013.0052.0064.0076.0076.00
Payout ratio0.230.310.330.000.430.180.480.560.580.59

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Feb 17PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Coforge Ltd62.2913.500.93%
Tata Consultancy Services Ltd31.2415.711.84%
Infosys Ltd27.858.262.61%
HCL Technologies Ltd30.386.992.96%

Price Comparison

Compare COFORGE with any stock or ETF
Compare COFORGE with any stock or ETF
COFORGE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.22%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%35.52%12.64%42.09%9.75%

Mar 2024

May 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarMayJunSep34.36%34.04%35.00%40.38%41.43%42.09%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Coforge Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
4.3273%2.80%0.40%9/79 (+3)
Motilal Oswal Midcap Fund - Growth - Direct Plan

Growth
3.1366%8.49%3.51%5/30 (+2)
Motilal Oswal Flexi Cap Fund - Growth - Direct Plan

Growth
1.8123%7.26%1.86%8/27 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Coforge Ltd

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.93%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.33 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateOct 11, 2024

Interim 2
Interim 2 | Div/Share: ₹19.00

Dividend/Share

₹19.00

Ex DateEx Date

Oct 11, 2024

Cash Dividend

Ex DateEx DateAug 2, 2024

Interim
Interim | Div/Share: ₹19.00

Dividend/Share

₹19.00

Ex DateEx Date

Aug 2, 2024

Cash Dividend

Ex DateEx DateMay 15, 2024

Interim 4
Interim 4 | Div/Share: ₹19.00

Dividend/Share

₹19.00

Ex DateEx Date

May 15, 2024

Cash Dividend

Ex DateEx DateFeb 5, 2024

Interim 3
Interim 3 | Div/Share: ₹19.00

Dividend/Share

₹19.00

Ex DateEx Date

Feb 5, 2024

Cash Dividend

Ex DateEx DateNov 2, 2023

Interim 2
Interim 2 | Div/Share: ₹19.00

Dividend/Share

₹19.00

Ex DateEx Date

Nov 2, 2023

News & Opinions
Spotlight
Coforge Ltd slips for fifth straight session

Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 7490.95, down 0.69% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 23906.15. The Sensex is at 78483.58, down 0.38%.Coforge Ltd has added around 3.92% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has eased around 4.51% in last one month and is currently quoting at 40421.8, down 0.33% on the day. The volume in the stock stood at 1.09 lakh shares today, compared to the daily average of 6.41 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 7545, down 0.52% on the day. Coforge Ltd jumped 46.44% in last one year as compared to a 23.15% rally in NIFTY and a 30.07% spurt in the Nifty IT index.The PE of the stock is 49.59 based on TTM earnings ending September 24.Powered by Capital Market - Live

7 hours agoCapital Market - Live
Earnings
Coforge consolidated net profit rises 11.71% in the September 2024 quarter

Net profit of Coforge rose 11.71% to Rs 202.20 crore in the quarter ended September 2024 as against Rs 181.00 crore during the previous quarter ended September 2023. Sales rose 34.54% to Rs 3062.30 crore in the quarter ended September 2024 as against Rs 2276.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3062.302276.20 35 OPM %13.4514.98 - PBDT437.80317.90 38 PBT313.50240.70 30 NP202.20181.00 12 Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Coforge Ltd Falls 1.57%

Coforge Ltd lost 1.57% today to trade at Rs 7350.2. The BSE Information Technology index is down 0.46% to quote at 42963.94. The index is down 2.17 % over last one month. Among the other constituents of the index, 63 Moons Technologies Ltd decreased 1.05% and Tata Consultancy Services Ltd lost 0.99% on the day. The BSE Information Technology index went up 33.16 % over last one year compared to the 22.93% surge in benchmark SENSEX. Coforge Ltd has added 5.11% over last one month compared to 2.17% fall in BSE Information Technology index and 1.6% drop in the SENSEX. On the BSE, 123 shares were traded in the counter so far compared with average daily volumes of 9145 shares in the past one month. The stock hit a record high of Rs 7580 on 15 Oct 2024. The stock hit a 52-week low of Rs 4291.05 on 09 May 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Coforge fixes record date for interim dividend

Coforge has fixed 11 October 2024 as record date for the purpose of ascertaining the eligibility of shareholders for payment of interim Dividend, if approved. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Coforge to table results

Coforge will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Coforge Ltd soars 1.14%, up for fifth straight session

Coforge Ltd gained for a fifth straight session today. The stock is quoting at Rs 6354, up 1.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25240.45. The Sensex is at 82401.53, up 0.32%. Coforge Ltd has risen around 0.77% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 4.66% in last one month and is currently quoting at 42591.65, up 0.38% on the day. The volume in the stock stood at 2.44 lakh shares today, compared to the daily average of 3.15 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 6411, up 1.44% on the day. Coforge Ltd is up 16.24% in last one year as compared to a 31.09% spurt in NIFTY and a 37.19% spurt in the Nifty IT index.The PE of the stock is 48.61 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Coforge Ltd soars 3.55%, Gains for third straight session

Coforge Ltd is up for a third straight session in a row. The stock is quoting at Rs 6296.8, up 3.55% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25094.85. The Sensex is at 81939.19, up 0.28%. Coforge Ltd has dropped around 0.26% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has dropped around 4.49% in last one month and is currently quoting at 41709.25, up 2.27% on the day. The volume in the stock stood at 5.48 lakh shares today, compared to the daily average of 2.93 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 6298.9, up 3.55% on the day. Coforge Ltd is up 20.5% in last one year as compared to a 29.74% gain in NIFTY and a 38.19% gain in the Nifty IT index.The PE of the stock is 47.04 based on TTM earnings ending June 24.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Coforge partners with Salesforge to launch Coforge ENZO

Coforge announced its teaming up with Salesforce, the #1 AI CRM, to launch Coforge ENZO, an environmental and net zero offering. With this offering, Coforge and Salesforce will help customers address decarbonization challenges and accurately measure and report on greenhouse gas (GHG) emissions via sustainability consulting and diagnostic assessment services. 'Embarking on a sustainability journey for a business demands a multifaceted approach that includes meticulous tracking and reduction of emissions, insightful ESG analysis, and driving sustainable practices. Coforge ENZO combines the knowledge and expertise of Salesforce's Net Zero Cloud with Coforge's project execution expertise. We are excited to expand our work with Salesforce to empower businesses in achieving their Net Zero commitment,' said Sudhir Singh, CEO, Coforge. Coforge ENZO will streamline emissions data management by identifying, consolidating, and transforming raw data from emission sources across operations. Additionally, the offering will automate carbon accounting with real-time emissions calculations and dashboards, enabling effective, corrective, and preventive actions through robust decarbonization strategy consulting. The solution will automatically generate audit-ready sustainability reports compliant with global and regional regulatory standards like GRI, SEC, and CSRD among others. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Coforge Ltd slips for fifth straight session

Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 6121.2, down 2.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.98% on the day, quoting at 24766.8. The Sensex is at 81090.89, down 0.95%.Coforge Ltd has added around 7.75% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has increased around 7.07% in last one month and is currently quoting at 40709.4, down 1.86% on the day. The volume in the stock stood at 1.65 lakh shares today, compared to the daily average of 6.3 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 6138.55, down 2.67% on the day. Coforge Ltd jumped 28.45% in last one year as compared to a 27.78% rally in NIFTY and a 33.3% spurt in the Nifty IT index.The PE of the stock is 48.64 based on TTM earnings ending June 24.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Coforge AGM scheduled

Coforge announced that the 32th Annual General Meeting (AGM) of the company will be held on 23 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live