Coforge Analyst Rating
based on 30 analysts
66.67%
Buy
10.00%
Hold
23.33%
Sell
Based on 30 analysts offering long term price targets for Coforge. An average target of ₹8763.47
Source: S&P Global Market Intelligence
Coforge Share analysis
Coforge price forecast by 30 analysts
Upside of1.41%
High
₹11710
Target
₹8763.47
Low
₹4960
Coforge target price ₹8763.47, a slight upside of 1.41% compared to current price of ₹8641.55. According to 30 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Coforge revenue growth forecast
Expected growth rate Q1, FY2027:81.79%
Forecast
Actual
Including amortisation and stock based compensations
Coforge EPS growth forecast
EPS estimate Q1, FY2027:91.33%
Forecast
Actual
Source: S&P Global Market Intelligence
Coforge Performance
Day's Low
Day's High
₹8,601.75Day's Price Range₹8,77552 Week's Low
52 Week's High
₹4,287.2552-Week Price Range₹10,026.8
| Returns % | |
| 1 Month Return | -8.76 % |
| 3 Month Return | + 19.85 % |
| 1 Year Return | + 33.22 % |
| Market Stats | |
| Previous Close | ₹8,731.35 |
| Open | ₹8,690.00 |
| Volume | 3.08L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹58,377.27Cr |
Coforge Key Statistics
| P/E Ratio | 68.53 |
| PEG Ratio | 5.18 |
| Market Cap | ₹58,377.27 Cr |
| P/B Ratio | 10.26 |
| EPS | 135.21 |
| Dividend Yield | 1.38 |
| Sector | IT - Software |
| ROE | 33.46 |
Coforge Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹58,377.27 Cr | 77.03% | 0.57 | ₹835 Cr | ₹9,179 Cr | |
| BUY | ₹22,508.48 Cr | 81.45% | 0.50 | ₹297 Cr | ₹1,842 Cr | |
| ₹38,517.58 Cr | 112.63% | 0.55 | NA | NA | ||
| HOLD | ₹94,625.89 Cr | 319.54% | 0.52 | ₹1,093 Cr | ₹9,821 Cr | |
| HOLD | ₹55,524.11 Cr | 46.03% | 0.56 | ₹1,306 Cr | ₹9,647 Cr |
About Coforge
Share Price: ₹8641.55 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹58,377.27Cr 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
| Organisation | Coforge |
| Headquarters | |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Coforge Ltd
Coforge Set for MSCI Index Inclusion Boost - 14 Jan, 2025
Coforge is likely to be added to the MSCI India Standard Index, expected to bring in $293 million in inflows. The company's strong position in BFSI and recent acquisition of Cigniti are anticipated to drive revenue growth.Coforge Gains Amid Positive Market Sentiment - 10 Jan, 2025
Coforge saw a rise of over 2% alongside Tech Mahindra and Mphasis, driven by demand recovery expectations. Mirae Assets set a target price of Rs 10,434.2, highlighting strong order intake.Coforge Anticipates Growth Amid Stock Volatility - 07 Jan, 2025
Coforge is projected to achieve strong revenue growth, particularly in the BFSI sector, targeting US$2 billion by FY27. However, the stock experienced a 0.4% decline amid volatility ahead of its quarterly earnings report.Coforge Positioned for Growth Amid Demand Recovery - 06 Jan, 2025
Coforge is expected to benefit from strong offerings in BFS and insurance, with a robust growth outlook. HDFC Securities has given it an 'Add' rating, indicating confidence in its organic business and potential turnaround at Cigniti.Coforge Anticipates Significant Fund Inflows - 04 Jan, 2025
Coforge is projected to witness a substantial inflow of $423 million from passive funds following its anticipated inclusion in the MSCI Standard Index.Coforge Stock Insights and Recommendations - 31 Dec, 2024
Coforge shares received a BUY recommendation with a target price of Rs 10,000. Despite a 3.56% decline, it remains near a 52-week high, with strong growth forecasts and positive market positioning.Cigniti Technologies to Merge with Coforge - 28 Dec, 2024
Cigniti Technologies' Board has approved the Scheme of Amalgamation with Coforge, involving the merger of both companies and their stakeholders under the Companies Act, 2013.Coforge Stock Doubles Post QIP Launch - 26 Dec, 2024
Coforge launched a Qualified Institutional Placement (QIP) in May to raise ₹2,240 crore at an issue price of ₹4,600. Since then, the stock has surged, achieving a remarkable 104% return as of December 23.Coforge Expands AI Use Cases in Insurance Sector - 25 Dec, 2024
Coforge is developing over 30 generative AI use cases in insurance, with 10 already live. The focus is on enhancing underwriting, claims processing, and fraud detection, contributing significantly to revenue. The company aims to leverage partnerships and low-code platforms to drive growth in the commercial and specialty insurance markets.Coforge Reports Strong Revenue Growth Amid Margin Compression - 24 Dec, 2024
Coforge achieved a CAGR revenue growth of 20.1% to INR 91.8 billion in FY24. However, the company experienced margin compression, with operating income at INR 11.2 billion and a margin decline of 206bps to 12.2%.Coforge Completes Major Acquisition of Cigniti Stake - 23 Dec, 2024
Coforge has successfully acquired a 54% stake in Cigniti Technologies at Rs 1,415 per share. The stock reached a record high before profit-booking led to a decline.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.
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.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 16 quarters, 1.19K Cr → 3.11K Cr (in ₹), with an average increase of 6.0% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 34.96% to 35.52% in Sep 2024 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 41.43% to 42.09% in Sep 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, COFORGE has outperformed top 5 stocks with highest market-cap in IT Services & Consulting
- POSITIVE IMPACT
Price Rise
In the last 3 months, COFORGE stock has moved up by 17.1%
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, COFORGE has outperformed top 5 stocks with highest market-cap in IT Services & Consulting
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 133.2 Cr → 202.2 Cr (in ₹), with an average increase of 34.1% per quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 11.27% to 9.75% in Sep 2024 quarter
Coforge Financials
Index Inclusions
Coforge Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 0% | 0.00 | |
| Foreign Institutions | 42.09% | 1.60 | |
| Mutual Funds | 35.52% | 1.60 | |
| Retail Investors | 9.75% | ||
| Others | 12.64% | 2.45 |
Coforge Key Indicators
Coforge Valuation
Coforge in the last 5 years
Lowest (12.30x)
March 23, 2020
Industry (39.74x)
January 17, 2025
Today (68.53x)
January 17, 2025
Highest (77.86x)
December 30, 2024
Coforge 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 ResultsCoforge Ltd Dividends October,2024
In the quarter ending September 2024, Coforge Ltd has declared dividend of ₹19 - translating a dividend yield of 1.10%.
Read More about Dividends
Coforge Technicals Summary
Bearish
Neutral
Bullish
Coforge Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Coforge Ltd
Coforge Ltd share price today stands at ₹8641.55, Open. ₹8690 ; Previous Close. ₹8731.35 ; High. ₹8775 ; Low. ₹8601.75 ; 52 Week High. ₹10026.8 ; 52 Week Low: ₹4287.25.
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Coforge Ltd is listed on NSE
Coforge Ltd is listed on BSE
- Today’s highest price of Coforge Ltd is ₹8775.
- Today’s lowest price of Coforge Ltd is ₹8601.75.
PE Ratio of Coforge Ltd is 68.53
PE ratio = Coforge Ltd Market price per share / Coforge Ltd Earnings per share
Today’s traded volume of Coforge Ltd(COFORGE) is 3.08L.
Today’s market capitalisation of Coforge Ltd(COFORGE) is ₹58377.27Cr.
| Coforge Ltd(COFORGE | Price |
|---|---|
52 Week High | ₹10026.8 |
52 Week Low | ₹4287.25 |
Coforge Ltd(COFORGE) share price is ₹8641.55. It is down -13.82% from its 52 Week High price of ₹10026.8
Coforge Ltd(COFORGE) share price is ₹8641.55. It is up 101.56% from its 52 Week Low price of ₹4287.25
| Coforge Ltd(COFORGE | Returns |
|---|---|
1 Day Returns | -89.8% |
1 Month Returns | -8.76% |
3 Month Returns | 19.85% |
1 Year Returns | 33.22% |