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Coforge Ltd

COFORGE

Coforge Ltd

COFORGE
Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹45,756 cr, stock is ranked 196
Moderate RiskStock is 2.36x as volatile as Nifty
6,860.751.97% (-137.80)
6,860.751.97% (-137.80)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹45,756 cr, stock is ranked 196
Moderate RiskStock is 2.36x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
MidcapWith a market cap of ₹45,756 cr, stock is ranked 196
Moderate RiskStock is 2.36x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
58.9712.281.03%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.629.401.62%

Forecast & Ratings

Detailed Forecast 
67%
Analysts have suggested that investors can buy this stock

from 27 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 11.59%

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 8.4%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,710.302,829.003,030.503,729.704,251.604,695.406,483.808,076.509,240.409,429.60
Raw Materialssubtract30.8014.1031.7029.1084.40193.50172.4055.109.407,943.80
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/Amortizationsubtract121.10127.70127.40124.80173.00183.60227.20258.50318.60324.40
Interest & Other Itemssubtract7.506.009.409.2015.5014.3065.0080.60125.60136.00
Taxes & Other Itemssubtract95.40100.50123.40159.10151.40140.60199.80257.40236.90249.50
EPS44.1840.8245.6365.4571.4574.03108.92113.74131.48125.51
DPS10.0012.5015.000.0031.0013.0052.0064.0076.0076.00
Payout ratio0.230.310.330.000.430.180.480.560.580.61

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 Ltd56.6312.281.03%
Tata Consultancy Services Ltd34.2517.221.68%
Infosys Ltd29.878.862.43%
HCL Technologies Ltd30.276.962.97%

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

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 almost stayed constant

Increased 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 increased by 6.43%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%34.96%12.33%41.43%11.27%

Dec 2023

Mar 2024

May 2024

Jun 2024

Shareholding History

JunSepDec '23MarMayJun24.78%34.36%34.04%35.00%40.38%41.43%

Mutual Funds Holding Trend

Decreased 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 decreased by 6.72%

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
4.2190%2.62%0.21%12/76 (0)
Motilal Oswal Midcap Fund - Growth - Direct Plan

Growth
2.1747%6.37%1.40%6/27 (+1)
Motilal Oswal Flexi Cap Fund - Growth - Direct Plan

Growth
1.6990%6.76%1.36%9/26 (0)

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 1.00%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

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

Cash Dividend

Ex DateEx DateAug 3, 2023

Interim
Interim | Div/Share: ₹19.00

Dividend/Share

19.00

Ex DateEx Date

Aug 3, 2023

News & Opinions
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

2 days 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 weeks 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

3 weeks 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

4 weeks 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

1 month 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

1 month agoCapital Market - Live
Spotlight
Coforge Ltd gains for third consecutive session

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 6359, up 2.91% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24341.6. The Sensex is at 79865.77, down 0.7%. Coforge Ltd has risen around 18.85% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 13.06% in last one month and is currently quoting at 40044.7, up 0.03% on the day. The volume in the stock stood at 5.54 lakh shares today, compared to the daily average of 7.1 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 6360.7, up 2.69% on the day. Coforge Ltd is up 35.65% in last one year as compared to a 23.68% spurt in NIFTY and a 34.59% spurt in the Nifty IT index.The PE of the stock is 47.78 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Coforge Q1 PAT slumps 40% QoQ to Rs 133 cr; declares dividend of Rs 19/share

However, Revenue from operations increased 1.79% to Rs 2,400.8 crore in Q1 FY25 as compared to Rs 2,358.5 crore reported in the preceding quarter same year. On year on year (YoY) basis, the IT firm's net profit fell 19.41% while revenue grew 8.09% in Q1 FY25. Profit before tax was at Rs 204.7 crore in June 2024 quarter, down 28.32% QoQ and down 8.69% YoY. EBITDA decreased 4.2% QoQ and 20.9% YoY to Rs 428.6 crore in the first quarter of FY25. EBITDA margin stood at 17.9% in Q1 FY25 as against 19% in Q4 FY24 and 16% in Q1 FY23. In dollar terms, the company's revenue was $291.4 million, up 1.6% QoQ and up 7.2% YoY. In constant currency (CC) terms, revenue was up by 1.6% QoQ. In Q1 FY25, the company's order intake was $ 314 million. Total order book executable over the next 12 months was at $ 1,070 million, up 19.28% YoY. 10 new client were added during the quarter. Headcount at the end of the quarter was at 26,612. LTM attrition stood at 11.4% in Q1 FY25, down 192 bps YoY. Sudhir Singh, chief executive officer, Coforge, said, 'FY25 has started on a strong note with a healthy increase in EBITDA margins by 210bps over last year and OCF of $23.2 million. A very strong executable order book, backed by the highest ever headcount addition, sets us up for continued growth ahead.' Meanwhile, The company's board has declared interim dividend of Rs 19 per share for the financial year 2024-25. The board has fixed 02 August 2024, as the Record Date. The interim dividend would be paid within 30 days from the date of declaration of dividend. Further, Coforge DPA NA Inc., a wholly-owned step-down subsidiary of the company has agreed to enter into an asset purchase agreement with OptML Inc. and its shareholders to acquire customer contracts, key managerial personnel, employees and sub-contractors/vendors of OptML Inc. (collectively, the 'Asset Purchase Agreement') subject to completion of conditions precedent as per Asset Purchase Agreement. Furthermore, the board also discussed the fund utilization certificate issued by CRISIL Ratings with respect to utilization of funds raised through qualified institutional placement. Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 26 delivery centers across nine countries. The scrip advanced 2.03% to Rs 6,195.05 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Coforge recommends Interim Dividend

Coforge announced that the Board of Directors of the Company at its meeting held on 22 July 2024, has recommended a Interim dividend of Rs.19 per share (i.e.190%), subject to the approval of the shareholders.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Coforge appoints senior management personnel

Coforge announced that Sunil Fernandes, (EVP - Global Delivery Head) has been appointed as Senior Management Personnel with effect from 22 July 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live