Nifty
:
23146.15
Sensex
:
74729.27
148.80 (0.65%)
413.66 (0.56%)
Nifty
Sensex
:
:
23146.15
74729.27
148.80 (0.65%)
413.66 (0.56%)

Coforge Ltd.

IT - Software Services

Rating :
68/99

BSE: 532541 | NSE: COFORGE

NSE BSE
1951.90
16-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1942
  •  1951.9
  •  1900.6
  •  1934.30
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  2071569
  •  3999525890.5
  •  2021.2
  •  1008.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 86,392.53
  • 49.17
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 85,693.03
  • 0.81%
  • 3.22

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 0.00%
  • 1.42%
  • 8.33%
  • FII
  • DII
  • Others
  • 24.31%
  • 40.47%
  • 25.47%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 19.33
  • 20.59
  • 22.11

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 19.72
  • 21.37
  • 14.93

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 19.50
  • 17.56
  • 21.84

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 40.84
  • 46.75
  • 53.32

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 7.39
  • 8.37
  • 7.67

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 21.59
  • 24.83
  • 26.60

Earnings Forecasts:

(Updated: 17-10-2026)
Description
2026
2027
2028
2029
Adj EPS
46.44
59.3
72.39
85.9
P/E Ratio
42.03
32.92
26.96
22.72
Revenue
16402.7
24703
28611.5
32566.4
EBITDA
3037
5005.37
5791.49
6621.45
Net Income
1555.7
2584.72
3177.55
3793.73
ROA
11.37
11.68
10.83
13.3
P/B Ratio
6.87
3.95
3.64
3.26
ROE
19.55
16.75
15.44
16.5
FCFF
958.3
-751.12
2710.37
3416.99
FCFF Yield
1.12
-0.88
3.17
4
Net Debt
-371.4
1086.85
-389.15
-1189.39
BVPS
284.02
494.31
535.93
599.09

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
5,527.70
3,704.40
49.22%
4,450.40
3,422.20
30.05%
4,188.10
3,258.10
28.54%
3,985.70
3,025.60
31.73%
Expenses
4,469.70
3,127.40
42.92%
3,573.90
2,895.30
23.44%
3,457.90
2,823.00
22.49%
3,253.20
2,603.00
24.98%
EBITDA
1,058.00
577.00
83.36%
876.50
526.90
66.35%
730.20
435.10
67.82%
732.50
422.60
73.33%
EBIDTM
19.14%
15.58%
19.69%
15.40%
17.44%
13.35%
18.38%
13.97%
Other Income
26.80
18.60
44.09%
22.10
31.50
-29.84%
13.90
53.80
-74.16%
38.50
55.00
-30.00%
Interest
86.60
46.20
87.45%
40.00
39.70
0.76%
41.50
32.20
28.88%
40.90
30.40
34.54%
Depreciation
241.10
159.20
51.44%
180.00
125.40
43.54%
170.80
116.50
46.61%
171.90
114.00
50.79%
PBT
702.10
365.40
92.15%
625.00
393.30
58.91%
384.20
340.20
12.93%
558.20
333.20
67.53%
Tax
170.40
79.20
115.15%
-41.20
87.40
-
87.50
87.00
0.57%
132.80
86.40
53.70%
PAT
531.70
286.20
85.78%
666.20
305.90
117.78%
296.70
253.20
17.18%
425.40
246.80
72.37%
PATM
9.62%
7.73%
14.97%
8.94%
7.08%
7.77%
10.67%
8.16%
EPS
11.72
9.49
23.50%
18.22
7.81
133.29%
7.47
6.44
15.99%
11.23
6.06
85.31%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
18,151.90
16,402.70
12,073.30
9,008.90
8,014.60
6,432.00
4,662.80
4,183.90
3,676.20
2,991.40
2,802.10
Net Sales Growth
35.36%
35.86%
34.02%
12.41%
24.61%
37.94%
11.45%
13.81%
22.89%
6.76%
 
Cost Of Goods Sold
5.10
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-0.10
Gross Profit
18,146.80
16,402.70
12,073.30
9,008.90
8,014.60
6,432.00
4,662.80
4,183.90
3,676.20
2,991.40
2,802.20
GP Margin
99.97%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100.00%
Total Expenditure
14,754.70
13,501.20
10,379.60
7,561.90
6,733.90
5,330.10
3,883.30
3,460.60
3,027.70
2,490.10
2,322.60
Power & Fuel Cost
-
20.80
24.00
19.40
15.80
13.90
12.40
16.90
17.70
18.50
18.50
% Of Sales
-
0.13%
0.20%
0.22%
0.20%
0.22%
0.27%
0.40%
0.48%
0.62%
0.66%
Employee Cost
-
9,216.10
7,224.10
5,391.40
4,828.00
3,834.60
2,815.80
2,529.80
2,153.20
1,760.10
1,651.30
% Of Sales
-
56.19%
59.84%
59.85%
60.24%
59.62%
60.39%
60.47%
58.57%
58.84%
58.93%
Manufacturing Exp.
-
537.10
491.50
1,017.30
1,047.10
808.10
546.20
376.00
428.30
310.70
262.60
% Of Sales
-
3.27%
4.07%
11.29%
13.06%
12.56%
11.71%
8.99%
11.65%
10.39%
9.37%
General & Admin Exp.
-
448.80
510.50
302.10
235.40
194.10
69.70
275.50
288.50
265.30
255.50
% Of Sales
-
2.74%
4.23%
3.35%
2.94%
3.02%
1.49%
6.58%
7.85%
8.87%
9.12%
Selling & Distn. Exp.
-
59.00
61.00
45.90
25.70
19.10
12.20
31.80
31.90
35.70
30.40
% Of Sales
-
0.36%
0.51%
0.51%
0.32%
0.30%
0.26%
0.76%
0.87%
1.19%
1.08%
Miscellaneous Exp.
-
189.80
90.60
46.20
51.70
52.70
67.50
39.80
38.70
33.70
30.40
% Of Sales
-
1.16%
0.75%
0.51%
0.65%
0.82%
1.45%
0.95%
1.05%
1.13%
1.90%
EBITDA
3,397.20
2,901.50
1,693.70
1,447.00
1,280.70
1,101.90
779.50
723.30
648.50
501.30
479.50
EBITDA Margin
18.72%
17.69%
14.03%
16.06%
15.98%
17.13%
16.72%
17.29%
17.64%
16.76%
17.11%
Other Income
101.30
107.80
164.70
45.40
61.90
51.80
32.60
67.70
53.50
39.10
26.90
Interest
209.00
168.60
134.70
125.50
80.60
65.00
14.30
15.50
9.20
9.40
6.00
Depreciation
763.80
681.90
427.60
297.10
258.50
227.20
183.60
173.00
124.80
127.40
127.70
PBT
2,269.50
2,158.80
1,296.10
1,069.80
1,003.50
861.50
614.20
602.50
568.00
403.60
372.70
Tax
349.50
258.30
332.60
220.90
206.10
146.80
130.20
127.80
140.30
94.90
78.50
Tax Rate
15.40%
13.36%
25.66%
20.65%
21.67%
17.04%
21.84%
21.46%
24.95%
23.51%
22.39%
PAT
1,920.00
1,485.50
839.50
821.30
693.80
661.70
455.60
444.00
403.30
280.20
250.10
PAT before Minority Interest
1,756.90
1,674.50
963.50
848.90
745.10
714.70
466.00
467.60
422.10
308.70
272.10
Minority Interest
-163.10
-189.00
-124.00
-27.60
-51.30
-53.00
-10.40
-23.60
-18.80
-28.50
-22.00
PAT Margin
10.58%
9.06%
6.95%
9.12%
8.66%
10.29%
9.77%
10.61%
10.97%
9.37%
8.93%
PAT Growth
75.81%
76.95%
2.22%
18.38%
4.85%
45.24%
2.61%
10.09%
43.93%
12.04%
 
EPS
43.37
33.56
18.96
18.55
15.67
14.95
10.29
10.03
9.11
6.33
5.65

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
9,537.60
6,379.20
3,626.60
3,082.50
2,733.10
2,466.10
2,396.50
2,072.30
1,774.00
1,686.50
Share Capital
67.20
66.90
61.80
61.10
60.90
60.60
62.50
61.80
61.50
61.40
Total Reserves
9,212.50
6,130.80
3,522.80
2,933.00
2,614.70
2,353.20
2,325.70
1,992.50
1,693.40
1,613.80
Non-Current Liabilities
844.40
2,633.70
2,038.40
1,809.70
1,879.20
913.60
118.90
73.80
165.80
190.40
Secured Loans
24.90
6.70
0.00
0.00
0.00
0.30
4.50
9.90
17.80
21.40
Unsecured Loans
91.80
0.00
339.90
338.20
336.50
0.00
0.30
0.10
0.10
0.00
Long Term Provisions
318.90
1,973.30
1,877.80
1,538.80
1,313.70
933.20
59.30
72.50
74.10
85.80
Current Liabilities
5,883.10
2,737.50
1,531.50
1,739.30
1,179.20
842.50
1,525.20
1,171.20
1,110.10
894.20
Trade Payables
1,775.40
988.30
806.20
648.10
616.00
339.80
263.40
164.70
145.30
119.40
Other Current Liabilities
1,514.10
986.70
586.90
1,055.20
513.80
480.20
497.90
385.20
368.50
264.30
Short Term Borrowings
204.80
691.90
96.70
0.00
17.80
0.00
0.00
0.00
0.00
0.00
Short Term Provisions
2,388.80
70.60
41.70
36.00
31.60
22.50
763.90
621.30
596.30
510.50
Total Liabilities
16,408.10
13,700.20
7,296.80
6,718.90
5,889.80
4,222.20
4,040.60
3,324.80
3,072.10
2,794.80
Net Block
6,759.50
6,096.20
2,353.00
2,311.90
2,066.70
1,020.60
1,079.30
818.70
879.30
847.60
Gross Block
8,573.00
7,386.50
3,371.40
3,098.20
2,834.20
1,672.70
1,694.60
1,278.30
1,254.00
1,088.00
Accumulated Depreciation
1,813.50
1,290.30
1,018.40
786.30
767.50
652.10
615.30
459.60
374.70
240.40
Non Current Assets
8,288.60
8,981.20
4,694.30
4,112.50
3,668.90
2,128.50
1,158.60
898.20
960.20
908.00
Capital Work in Progress
3.30
2.40
23.20
4.60
16.80
0.20
0.30
1.40
0.70
0.00
Non Current Investment
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Loans & Adv.
1,501.20
2,857.10
2,293.40
1,777.80
1,543.60
1,071.10
48.20
52.70
42.50
31.90
Other Non Current Assets
24.60
25.50
24.70
18.20
41.80
36.60
30.80
25.40
37.70
28.50
Current Assets
8,119.50
4,350.80
2,602.50
2,606.40
2,220.90
2,093.70
2,882.00
2,345.50
2,111.90
1,886.80
Current Investments
0.00
145.70
0.00
0.00
0.00
12.40
13.70
365.10
365.20
315.80
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.30
0.30
Sundry Debtors
3,970.00
2,577.10
1,803.90
1,613.10
1,389.40
1,068.30
856.50
587.70
585.80
468.00
Cash & Bank
1,099.20
883.20
335.20
578.70
453.50
812.20
903.40
557.60
418.30
407.50
Other Current Assets
3,050.30
216.10
131.20
125.20
378.00
200.80
1,108.40
835.10
742.30
695.20
Short Term Loans & Adv.
2,887.50
528.70
332.20
289.40
227.00
115.10
1,051.30
741.00
598.40
518.80
Net Current Assets
2,236.40
1,613.30
1,071.00
867.10
1,041.70
1,251.20
1,356.80
1,174.30
1,001.80
992.60
Total Assets
16,408.10
13,332.00
7,296.80
6,718.90
5,889.80
4,222.20
4,040.60
3,243.70
3,072.10
2,794.80

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
1,791.70
1,237.10
903.40
950.50
765.60
762.30
296.90
452.70
382.40
472.30
PBT
2,003.00
1,253.60
1,044.90
951.20
861.50
596.20
595.40
562.40
403.60
372.70
Adjustment
889.30
648.30
504.60
382.00
312.00
284.10
149.30
79.80
102.70
123.20
Changes in Working Capital
-662.10
-268.90
-280.00
-102.70
-143.30
50.20
-266.40
-71.30
-12.80
103.60
Cash after chg. in Working capital
2,230.20
1,633.00
1,269.50
1,230.50
1,030.20
930.50
478.30
570.90
493.50
599.50
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-438.50
-395.90
-366.10
-280.00
-264.60
-168.20
-181.40
-118.20
-111.10
-105.10
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-22.10
Cash From Investing Activity
-434.80
-2,448.30
-247.80
-271.60
-956.40
-92.70
112.30
-230.00
-270.40
-306.30
Net Fixed Assets
-193.90
-3,602.40
-142.40
25.90
-12.70
55.90
-66.00
-29.70
-51.60
-58.50
Net Investments
145.70
-412.30
-334.40
0.00
-978.80
-17.60
28.30
-121.80
-159.60
-174.90
Others
-386.60
1,566.40
229.00
-297.50
35.10
-131.00
150.00
-78.50
-59.20
-72.90
Cash from Financing Activity
-1,093.70
1,675.30
-887.00
-558.20
-155.80
-695.80
-132.70
-106.30
-74.40
-66.90
Net Cash Inflow / Outflow
263.20
464.10
-231.40
120.70
-346.60
-26.20
276.50
116.40
37.60
99.10
Opening Cash & Equivalents
795.60
321.30
569.90
446.80
799.90
819.50
519.40
410.20
350.20
287.90
Closing Cash & Equivalent
1,093.60
795.60
321.30
569.90
446.80
799.90
819.50
519.40
410.20
350.20

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
276.18
185.28
116.01
490.03
439.34
398.32
382.11
332.41
285.35
272.83
ROA
11.11%
9.16%
12.11%
11.82%
14.14%
11.28%
12.64%
13.13%
10.52%
10.03%
ROE
21.64%
19.70%
25.81%
26.28%
28.09%
19.41%
21.05%
22.16%
18.00%
16.79%
ROCE
24.70%
25.68%
31.94%
31.71%
33.36%
24.92%
27.05%
29.45%
23.54%
21.65%
Fixed Asset Turnover
2.06
2.24
2.79
2.70
2.85
2.77
2.81
2.90
2.55
2.65
Receivable days
72.84
66.22
69.22
68.37
69.73
75.34
63.00
58.26
64.29
68.91
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.04
0.04
Payable days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
20.47
21.38
20.71
Cash Conversion Cycle
72.84
66.22
69.22
68.37
69.73
75.34
63.00
37.79
42.95
48.25
Total Debt/Equity
0.04
0.11
0.12
0.11
0.13
0.00
0.01
0.01
0.01
0.02
Interest Cover
12.46
10.62
9.52
12.80
14.25
42.69
39.41
62.13
43.94
59.43

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Coforge introduces intent engineering framework to help enterprises build agentic AI systems
    5th Oct 2026, 12:08 PM

    The company’s intent engineering framework provides a structured approach for defining an agent's purpose, boundaries, success metrics, governance controls, and escalation pathways

    Read More
  • Coforge expands Krakow engineering center as strategic AI engineering, nearshore delivery hub
    1st Oct 2026, 12:00 PM

    Located in one of Europe's leading technology hubs, Krakow offers a combination of engineering depth, scalability, and nearshore proximity

    Read More
  • Coforge launches AI-native customer experience platform ‘CXNova’
    30th Sep 2026, 11:51 AM

    Built on a multi-agent architecture, CXNova enables organizations to transform disconnected AI, content, and channel systems into a unified experience execution layer

    Read More
  • Coforge expands AgenticOps capabilities to power enterprise autonomy at scale
    23rd Sep 2026, 12:27 PM

    The announcement reflects growing client demand for AI infrastructure and operations models designed specifically for AI agents and autonomous systems

    Read More
  • Coforge introduces Value Gates Framework
    21st Sep 2026, 10:21 AM

    The framework reflects the company’s emphasis on shifting from effort-based projects to outcome led initiatives

    Read More
  • Coforge accelerates shift from AI features to enterprise outcomes in Hi-Tech
    16th Sep 2026, 11:18 AM

    By combining a next-generation AI operating system with FDEs, the company helps convert AI investments into measurable business outcomes

    Read More
  • Coforge introduces AI Launchpad
    2nd Sep 2026, 16:07 PM

    Coforge is already implementing this offering for clients in industries with business-critical data sovereignty, governance, and regulatory requirements

    Read More
  • Coforge unveils AI adoption fabric for outcome acceleration
    31st Aug 2026, 11:51 AM

    It enables Coforge clients to assess workforce readiness and redesign development operating models

    Read More
  • Coforge expands strategic partnership with Pega to accelerate enterprise AI transformation
    28th Aug 2026, 10:59 AM

    The partnership allows the company to build, package, brand, and commercially deliver Pega-powered offerings

    Read More
  • Coforge launches Private Equity Business Unit
    11th Aug 2026, 12:12 PM

    Private equity firms are increasingly focused on operational transformation, EBITDA improvement, and scaling growth vectors to drive investment returns

    Read More
  • Coforge launches operating unit 'Momentuum AI'
    30th Jul 2026, 14:52 PM

    Momentuum AI is a new operating unit designed specifically to execute enterprise AI projects

    Read More
  • Coforge - Quarterly Results
    29th Jul 2026, 00:00 AM

    Read More
  • Coforge reports 63% jump in Q1 consolidated net profit
    28th Jul 2026, 12:12 PM

    Consolidated total income of the company increased by 49.19% to Rs 5,554.50 crore in Q1FY27

    Read More
  • Coforge launches AI Operating System for Autonomous Enterprise
    24th Jul 2026, 09:01 AM

    It enables organizations to deploy agentic AI at scale while maintaining the governance, transparency, and control required for enterprise adoption

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.