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Coforge Limited (COFORGE.NS)

INR1,533.20 -1.30 (-0.08%)
IN NSE Technology Information Technology Services
Address 8, Balaji Estate 110019
New Delhi, IN
CEO Sudhir Singh
IPO 2004-08-30
ISIN INE591G01025

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Also trades on Bombay Stock Exchange · COFORGE.BO (INR) National Stock Exchange of India · COFORGE.NS (INR)
Description

Coforge Limited, established in New Delhi, India, in 1992, delivers a comprehensive array of information technology and IT-enabled services across the globe, with operations spanning India, the Americas, Europe, the Middle East & Africa, and the Asia Pacific region. The company, which rebranded from NIIT Technologies Limited in August 2020, offers diverse solutions designed to enhance digital capabilities. Its core offerings include digital process automation, covering aspects like workflow and process management, artificial intelligence (AI) and predictive analytics, robotic process automation (RPA), and case management. Coforge also provides a wide range of digital services, such as digital integration, Salesforce and MuleSoft implementations, interactive digital advisory, automation initiatives, and innovation-as-a-service. The company's portfolio extends to robust cloud and infrastructure management, encompassing cloud solutions, workplace services, cybersecurity, data center operations, "always-on" networking, and crucial service integration. Specializing in cybersecurity, Coforge delivers solutions for security incident management, automated security testing and remediation, intelligent threat detection and response, access control and entity management, governance risk and compliance (GRC), and secure adaptive fortified endpoints, alongside phishing analysis, training, and testing platforms. Additionally, Coforge is proficient in AI and data services, offering AI and cognitive solutions, business analytics, and data engineering. It also provides advanced application engineering, including development, operations, and quality engineering services, alongside business process solutions and media solutions like print design and marketing services. Coforge serves a broad spectrum of industries, including insurance, travel, transportation, hospitality, banking and financial services, healthcare and life sciences, the public sector, hi-tech and manufacturing, media and entertainment, and retail and consumer goods. To strengthen its service delivery, the company maintains strategic alliances with Kong Inc. for cloud API services and Newgen Software Technologies Limited, aiming to optimize digital operations for businesses.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,533.20 -1.30 (-0.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.23
Float Shares
333.04M
Free Float %
99.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.17% +2.83% +8.76% -6.32% -27.14% -19.93% -19.89% +62.96% +96.28% +1,304.20% +7,597.11%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,533.20
DCF (Unlevered) 9,538.61 +522.1%
DCF (Levered) 9,496.71 +519.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 77% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 19 -1
Hold 3 0
Sell 2 -1
Strong Sell 2 0
Quality scores
Altman Z-Score
7.09
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    +36.1% Q1'26: +33.2% (vs Q1'25)
  • EPS growth Information Technology Services: +16.7%
    +84.1% Q1'26: +135.4% (vs Q1'25)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    +7.8% Q1'26: +2.9% (vs Q1'25)
  • EBIT margin Information Technology Services: +9.0%
    +14.4% Q1'26: +16.2% (vs Q1'25)
  • ROIC Information Technology Services: +9.5%
    +22.0% Q1'26: +31.7% (vs Q1'25)
  • Share dilution Information Technology Services: +0.0%
    +0.7% Q1'26: -0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.24× Q1'26: 0.20× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.16) × ERP
WACC = 98% × Ke + 2% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 9,033.49 Current price: 1,533.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
14 Rev. Ana.
14 EPS Ana.
Mar 2027
20 Rev. Ana.
19 EPS Ana.
Mar 2028
21 Rev. Ana.
19 EPS Ana.
Mar 2029
12 Rev. Ana.
11 EPS Ana.
Mar 2030
6 Rev. Ana.
6 EPS Ana.
Revenue
23.72B
est: 23.69B (+0.1%)
26.88B
est: 26.86B (+0.1%)
28.02B
est: 27.64B (+1.4%)
29.91B
est: 30.13B (-0.7%)
36.76B
est: 36.97B (-0.6%)
41.84B
est: 41.96B (-0.3%)
46.63B
est: 46.34B (+0.6%)
64.32B
est: 64.23B (+0.1%)
80.15B
est: 80.12B (+0.0%)
90.09B
est: 93.59B (-3.7%)
120.51B
est: 123.41B (-2.4%)
164.16B
159.43B – 174.84B
+33.0% YoY
241.52B
194.21B – 260.52B
+47.1% YoY
281.92B
221.26B – 306.53B
+16.7% YoY
317.87B
312.21B – 323.53B
+12.8% YoY
314.21B
249.41B – 340.38B
-1.1% YoY
EBITDA
3.14B
est: 3.48B (-9.8%)
4.35B
est: 3.94B (+10.3%)
4.45B
est: 4.06B (+9.7%)
4.63B
est: 4.42B (+4.6%)
6.09B
est: 5.43B (+12.2%)
6.87B
est: 6.16B (+11.5%)
7.03B
est: 6.80B (+3.4%)
10.41B
est: 9.43B (+10.3%)
11.91B
est: 11.76B (+1.3%)
13.20B
est: 14.39B (-8.3%)
15.23B
est: 18.98B (-19.8%)
25.25B
24.52B – 26.89B
+33.0% YoY
37.15B
29.87B – 40.07B
+47.1% YoY
43.36B
34.03B – 47.14B
+16.7% YoY
48.89B
48.02B – 49.76B
+12.8% YoY
48.33B
38.36B – 52.35B
-1.1% YoY
EBIT
2.58B
est: 2.98B (-13.4%)
3.55B
est: 3.38B (+5.1%)
3.60B
est: 3.47B (+3.7%)
3.78B
est: 3.79B (-0.3%)
5.26B
est: 4.65B (+13.1%)
5.42B
est: 5.27B (+2.8%)
5.95B
est: 5.83B (+2.2%)
8.92B
est: 8.07B (+10.4%)
10.36B
est: 10.07B (+2.8%)
11.51B
est: 12.07B (-4.6%)
12.68B
est: 15.92B (-20.4%)
21.18B
20.57B – 22.55B
+33.0% YoY
31.16B
25.05B – 33.61B
+47.1% YoY
36.37B
28.54B – 39.54B
+16.7% YoY
41.00B
40.27B – 41.73B
+12.8% YoY
40.53B
32.17B – 43.91B
-1.1% YoY
Net Income
1.14B
est: 7.62B (-85.0%)
2.70B
est: 3.01B (-10.2%)
2.50B
est: 2.65B (-5.5%)
2.80B
est: 2.99B (-6.3%)
4.03B
est: 4.46B (-9.7%)
4.44B
est: 5.05B (-12.0%)
4.56B
est: 5.10B (-10.7%)
6.62B
est: 7.34B (-9.9%)
6.94B
est: 9.08B (-23.6%)
8.08B
est: 38.54B (-79.0%)
8.12B
est: 9.35B (-13.2%)
14.86B
12.59B – 16.34B
+58.8% YoY
19.10B
16.89B – 21.31B
+28.6% YoY
22.67B
19.76B – 25.58B
+18.7% YoY
27.04B
23.57B – 30.51B
+19.3% YoY
26.73B
19.57B – 29.63B
-1.1% YoY
SGA
747.21M
est: 156.16M (+378.5%)
826.00M
est: 177.00M (+366.7%)
776.00M
est: 182.13M (+326.1%)
818.00M
est: 198.58M (+311.9%)
837.00M
est: 243.63M (+243.6%)
481.00M
est: 276.57M (+73.9%)
308.00M
est: 305.42M (+0.8%)
452.00M
est: 423.31M (+6.8%)
490.00M
est: 528.06M (-7.2%)
641.00M
est: 1.33B (-52.0%)
734.00M
est: 1.76B (-58.3%)
2.34B
2.27B – 2.49B
+33.0% YoY
3.44B
2.77B – 3.72B
+47.1% YoY
4.02B
3.16B – 4.37B
+16.7% YoY
4.53B
4.45B – 4.61B
+12.8% YoY
4.48B
3.56B – 4.85B
-1.1% YoY
EPS
3.75
est: 22.89 (-83.6%)
8.84
est: 9.04 (-2.2%)
8.16
est: 7.96 (+2.5%)
9.13
est: 8.99 (+1.5%)
13.10
est: 13.42 (-2.4%)
14.28
est: 15.16 (-5.8%)
14.94
est: 15.33 (-2.5%)
21.80
est: 22.07 (-1.2%)
22.75
est: 27.27 (-16.6%)
26.75
est: 125.03 (-78.6%)
25.43
est: 27.78 (-8.5%)
42.83
37.59 – 48.79
+54.2% YoY
56.24
50.43 – 63.61
+31.3% YoY
67.00
58.99 – 76.35
+19.1% YoY
80.44
70.36 – 91.09
+20.1% YoY
79.80
58.41 – 88.44
-0.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.25B
OE per share TTM
9.66
Owner's Yield
0.75%
Maintenance CapEx ratio
35.80%
Maint CapEx / Avg PPE
8.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree True Emerging Markets Fund XC 0.12% 94.5K 0.32%
2 WisdomTree India Earnings Fund EPI 0.06% 1.31M 0.84%
3 WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF - USD Acc XSOE.L 0.05% 11.9K 0.32%
4 Schwab Emerging Markets Equity ETF SCHE 0.05% 6.33M 0.06%
5 WisdomTree Emerging Markets ex-State-Owned Enterprises Fund XSOE 0.05% 963.9K 0.32%
6 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.03% 5.41M 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.78M
Shares Outstanding
335.85M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sudhir Singh Chief Executive Officer & Executive Director 139M male
John Robert Speight Executive Director male
Madan Mohan Head of Enterprise Application Services male
Manish Hemrajani Head of Investor Relations male
Natarajan General Manager of Accounts male
Pankaj Khanna Executive Vice President of Revenue Assurance & Chief People Officer male
Saurabh Goel Chief Financial Officer male
Sunil Fernandes Chief Operating Officer male
Suvrata Acharya BFS Vertical Delivery Head male
Barkha Sharma Company Secretary & Compliance Officer female
Vic Gupta Chief Technology Officer & Chief Sustainability Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits