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Coforge Ltd

(COFORGE)

₹9370.452.97%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Coforge Ltd Analyst Rating

based on 29 analysts

BUY

62.07%

Buy

13.79%

Hold

24.14%

Sell

Based on 29 analysts offering long term price targets for Coforge Ltd. An average target of ₹7907.31

Source: S&P Global Market Intelligence

Coforge Ltd Share analysis

Coforge Ltd price forecast by 29 analysts

Downside of-18.12%

High

₹10000

Target

₹7907.31

Low

₹4960

Coforge Ltd target price ₹7907.31, a slight downside of -18.12% compared to current price of ₹9370.45. According to 29 analysts rating.

Source: S&P Global Market Intelligence

Coforge Ltd Performance

  • Day's Low

    Day's High

    ₹9,346.1
    Day's Price Range
    ₹9,797.1
  • 52 Week's Low

    52 Week's High

    ₹4,287.25
    52-Week Price Range
    ₹9,797.1
1 Month Return+ 17.62 %
3 Month Return+ 40.26 %
1 Year Return+ 57.59 %
Previous Close₹9,657.10
Open₹9,740.00
Volume5.53L
Upper Circuit-
Lower Circuit-
Market Cap₹63,324.86Cr

Coforge Ltd Key Statistics

P/E Ratio76.59
PEG Ratio5.79
Market Cap₹63,324.86 Cr
P/B Ratio10.26
EPS135.21
Dividend Yield1.38
SectorIT - Software
ROE33.46

Coforge Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹63,324.86 Cr102.35%0.57₹835 Cr₹9,179 Cr
BUY₹25,537.66 Cr104.62%0.50₹297 Cr₹1,842 Cr
SELL₹45,034.28 Cr149.12%0.55NANA
HOLD₹1,02,054.48 Cr377.98%0.52₹1,093 Cr₹9,821 Cr
SELL₹54,773.48 Cr49.34%0.56₹1,306 Cr₹9,647 Cr

About Coforge Ltd

Coforge Limited is a leading provider of Information Technology solutions, offering Application Development and Maintenance, Managed Services, Cloud Computing, and Business Process Outsourcing to organizations across various sectors. Incorporated in 1992 as NIIT Technologies Limited, the company has evolved into a world class business, maintaining ISO 27001 standards and SEI CMMI Level 5 Version 1.2 certification. It has development centres around the world from New Delhi to London and Singapore. In 2002, NIIT Technologies became its own entity with restructuring and shortly after entered the Managed Services space. In 2008, the company launched its unique Fleet Management System and received numerous awards, including the ‘Banking and Finance ICT Innovation Award for Belgium/Luxembourg’. In 2015, Coforge Limited expanded into Latin America and Ireland, opened a Delivery Centre in Greater Noida and acquired a majority stake in Incessant Technologies. Over the years, the company has been enhancing its portfolio of services, offering Value Added Application Services in Software as a Service mode and investing in its advanced analytics platform. Some of the notable milestone projects include a Rs. 3440 million contract with the Airports Authority of India, setting up state-of-the-art Airport Operations Control Centers across 10 cities, and a multi-year contract with the national airline of Ireland. In 2021, Coforge Limited completed an acquisition of majority stake in M/s SLK Global Solutions Private Limited. The company is committed to helping their clients stay competitive by leveraging its innovative capabilities and domain expertise.

Share Price: ₹9370.45 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹63,324.86Cr as of today
Revenue: ₹3,062.30Cr as on September 2024 (Q3 24)
Net Profit: ₹233.60Cr as on September 2024 (Q3 24)
Listing date: 30 Aug, 2004
Chairperson Name: Basab Pradhan
OrganisationCoforge Ltd
Headquarters
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Coforge Ltd

  • Coforge Hits Record High Amid Strong Earnings - 20 Dec, 2024

    Coforge shares reached a record high of Rs 9798.60 before closing lower. The company reported a 17% increase in Q2 net profit and strong revenue growth, indicating positive momentum despite overbought conditions.
  • Coforge Hits Record High Amid Bullish Sentiment - 19 Dec, 2024

    Coforge reached a record high of Rs 9670, closing at Rs 9657.90, up 1.98%. Analysts remain bullish, with a target price raised to Rs 10,000. However, caution is advised as the stock appears overbought.
  • Coforge Forms Strategic Partnership for Insurance Digitalization - 10 Dec, 2024

    Coforge Ltd has entered a strategic partnership with ACORD Solutions Group to modernize insurance processes, leveraging advanced technologies for improved data exchange and operational efficiency.
  • Coforge Plans Q3 Results and Interim Dividend - 05 Dec, 2024

    Coforge Ltd is set to release its Q3 FY 2024-25 earnings on January 22, 2025, and will consider an interim dividend. The company reported significant revenue growth and strong order intake.
  • Coforge Ltd Shows Bullish Momentum Potential - 02 Dec, 2024

    Coforge Ltd's Fibonacci retracement analysis indicates bullish momentum if the stock price surpasses the 23.6% retracement level of 8580.12, with key resistance at 8707.90.
  • Coforge Aims for $6 Billion Revenue Growth - 29 Nov, 2024

    Coforge's CEO, Sudhir Singh, expressed confidence in achieving $4 billion in revenue growth over the next four fiscals, targeting over $6 billion annually. The company reported $1.12 billion in revenue for the year ending March 2024, reflecting an 11.7% increase from the previous year.
  • Coforge Ltd Reports Strong Q3 2024 Financials - 27 Nov, 2024

    Coforge Ltd reported standalone net sales of Rs 1,325.80 crore for September 2024, up 8.74% YoY. Net profit surged 199.22% to Rs 229.50 crore, with EBITDA rising 108.8%. EPS increased to Rs 34.41. The stock has delivered 63.70% returns over the last 6 months.
  • Coforge Hits Record High on JPMorgan's Endorsement - 26 Nov, 2024

    Coforge Ltd's share price reached a record high as JPMorgan maintains an 'overweight' rating, citing strong business momentum and a target price of Rs 9,600, indicating an 11.4% upside.
  • Coforge Shows Strong Technical Indicators for Outperformance - 25 Nov, 2024

    Coforge Ltd exhibits a sharp reversal from support, with bullish technical patterns and a potential Cup-and-Handle formation. The stock is nearing a 52-week high against the Nifty50, indicating strong relative performance and suggesting it may continue to outperform its benchmark.

Insights on Coforge Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 41.43% to 42.09% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 133.2 Cr → 202.2 Cr (in ₹), with an average increase of 34.1% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 16 quarters, 1.19K Cr → 3.11K Cr (in ₹), with an average increase of 6.0% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, COFORGE has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, COFORGE has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 34.96% to 35.52% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, COFORGE stock has moved up by 16.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 11.27% to 9.75% in Sep 2024 quarter

Coforge Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,276.20Cr (-)₹2,323.30Cr (↑2.07%)₹2,358.50Cr (↑1.52%)₹2,400.80Cr (↑1.79%)₹3,062.30Cr (↑27.55%)
Net Income₹187.90Cr (-)₹242.80Cr (↑29.22%)₹229.20Cr (↓5.60%)₹139.30Cr (↓39.22%)₹233.60Cr (↑67.70%)
Net Profit Margin8.25% (-)10.45% (↑26.67%)9.72% (↓6.99%)5.80% (↓40.33%)7.63% (↑31.55%)
Value in ₹ crore
Details2021202220232024
Total Assets₹2,264.10Cr (-)₹3,255.60Cr (↑43.79%)₹3,814.10Cr (↑17.16%)₹4,519.30Cr (↑18.49%)
Total Liabilities₹459.00Cr (-)₹1,049.50Cr (↑128.65%)₹1,198.80Cr (↑14.23%)₹1,207.10Cr (↑0.69%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹227.90Cr (-)₹485.00Cr (↑112.81%)₹388.70Cr (↓19.86%)₹75.80Cr (↓80.50%)₹295.30Cr (↑289.58%)

Index Inclusions

Nifty Midcap 100

₹56,906.75

-2.82 (-1649.5%)

Nifty Midcap 150

₹21,050.60

-2.41 (-520.7%)

BSE IT Sector

₹43,608.13

-2.51 (-1123.25%)

BSE Tech

₹19,636.93

-2.15 (-432.06%)

Nifty 200

₹13,373.90

-1.94 (-264.25%)

BSE 200

₹10,905.86

-1.89 (-210.17%)

BSE 500

₹35,082.25

-1.9 (-680.42%)

BSE Mid-Cap

₹46,226.50

-2.43 (-1152.75%)

NIFTY IT

₹43,771.05

-2.63 (-1183.1%)

S&P BSE 250 LargeMidCap

₹10,353.28

-1.89 (-199.23%)

S&P BSE MidCap Select

₹17,422.11

-2.76 (-494.74%)

Nifty 500

₹22,319.40

-1.9 (-432.75%)

Nifty Midcap Sel

₹12,683.15

-2.64 (-344.05%)

S&P BSE 400 MidSmallCap

₹12,101.72

-2.24 (-276.79%)

Nifty LargeMidcap 250

₹15,666.00

-2.09 (-334.75%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

S&P BSE 150 MidCap

₹15,862.89

-2.35 (-381.58%)

Nifty MidSmallcap 400

₹19,899.40

-2.27 (-461.95%)

Coforge Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
42.09%
1.60
Mutual Funds
35.52%
1.60
Retail Investors
9.75%
-13.53
Others
12.64%
2.45

Coforge Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)383.44406.95448.78504.5586.83
Details20202021202220232024
Earning Per Share (₹)74.8276.9117.36121.95135.21
Details20202021202220232024
Return On Equity %18.6912.6932.1430.3933.46
Details20202021202220232024
Return On Assets %18.8220.1220.3218.1917.88

Coforge Ltd Valuation

Coforge Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.30x)

March 23, 2020

Industry (41.76x)

December 19, 2024

Today (76.59x)

December 19, 2024

Highest (76.59x)

December 19, 2024

LowHigh

Coforge Ltd Earnings and Dividends

  • Coforge Ltd Earnings Results

    Coforge Ltd’s net profit jumped 11.71% since last year same period to ₹202.20Cr in the Q2 2024-2025. On a quarterly growth basis, Coforge Ltd has generated 51.8% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Coforge Ltd Dividends October,2024

    In the quarter ending September 2024, Coforge Ltd has declared dividend of ₹19 - translating a dividend yield of 1.01%.

    Read More about Dividends

Coforge Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Coforge Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Coforge Ltd

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Coforge Ltd (COFORGE) share price today is ₹9370.45

Coforge Ltd is listed on NSE

Coforge Ltd is listed on BSE

  • Today’s highest price of Coforge Ltd is ₹9797.1.
  • Today’s lowest price of Coforge Ltd is ₹9346.1.

PE Ratio of Coforge Ltd is 76.59

PE ratio = Coforge Ltd Market price per share / Coforge Ltd Earnings per share

Today’s traded volume of Coforge Ltd(COFORGE) is 5.53L.

Today’s market capitalisation of Coforge Ltd(COFORGE) is ₹63324.86Cr.

Coforge Ltd(COFORGEPrice
52 Week High
₹9797.1
52 Week Low
₹4287.25

Coforge Ltd(COFORGE) share price is ₹9370.45. It is down -4.35% from its 52 Week High price of ₹9797.1

Coforge Ltd(COFORGE) share price is ₹9370.45. It is up 118.57% from its 52 Week Low price of ₹4287.25

Coforge Ltd(COFORGEReturns
1 Day Returns
-286.65%
1 Month Returns
17.62%
3 Month Returns
40.26%
1 Year Returns
57.59%