1. Coforge
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54% Buy

Coforge Share Price

COFORGE

₹5,118.15-₹88.75 (-1.7%) Past YearLast updated on 19 Apr, 2024 | 03:58 PM IST
₹5,091.05₹5,177.20
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Company overview

About

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Market cap

Market Cap Switch₹32,190 Cr

Open

₹5,175.00

Close

₹5,206.90

Circuit range

₹5,727.55 - ₹4,686.25

Day range

₹5,091.05 - ₹5,177.20

Year range

₹3,770.05 - ₹6,847.45

Volume

3,41,489

Avg. traded

₹5,126.22

Revenue (12m)

₹8,991 Cr

Coforge

Coforge Limited is an IT solutions company specialising in application development, cloud computing and outsourcing business processes. Founded in 1992, it is headquartered in Noida. The company was earlier known as NIIT Technologies Limited. In August 2020, it changed its name to Coforge Limited.

The market capitalisation of Coforge Limited is over ₹36,700 crore as of December 29, 2023. Coforge share price has gained over 110% in three years.

Business operations

Coforge Limited caters to various sectors including financial services, insurance, travel, transportation, logistics, manufacturing and distribution. Operating globally, the company serves clients in North and South America, Europe, Middle East, Asia and Australia.

Coforge is a leader in its sector and harnesses cloud, data integration and automation technologies to reshape businesses. Operating across 21 countries, the company has 26 delivery centres spread across nine countries.

The IT company boasts an impressive track record, with over 250 global clients. Coforge operates with a workforce of 23,000 employees and has over 30 sales and delivery offices worldwide.

The company specialises in delivering business solutions tailored to specific industry sectors like banking & financial services, insurance, travel, transport and hospitality.

Its products, solutions and services are backed by partnerships with top-tier software providers like Microsoft, Amazon Web Services (AWS), Google, Appian, Salesforce and Duck Creek.

It has collaborated with Google across the APAC region, enhancing its ability to offer Google Cloud platform-based solutions to its clients. Coforge also achieved accreditation from AWS as a public sector partner, enabling it to tailor cloud-based solutions specifically for customers in government and non-profit sectors on AWS platforms.

Its partnership milestones include attaining the Azure Expert Managed Service Provider tier with Microsoft and initiating a partnership with Sysdig, a leading cloud and container security provider. This collaboration resulted in the launch of the company's container security and monitoring services.

Coforge also formed new alliances with Databricks, a cloud data and AI company, and Newgen, a global low-code digital transformation platform provider.

Subsidiaries of the company include NIIT GIS, NIIT SmartServe, NIIT Technologies Services and NIIT Technologies GmbH in Germany.

In the field of artificial intelligence, Coforge has built its own AI Engine which has been named Quasar Responsible AI. The AI Engine plays a crucial role in detecting and explaining biases within datasets. Coforge is at the forefront of helping companies integrate AI responsible with top security and compliance.

The company acquired Spanish software firm Proyecta Sistemas de Informacion S.A in 2011 for an undisclosed amount. The deal helped Coforge expand to Spanish-speaking countries in South Africa.

The total number of employees in Coforge Limited as of March 31, 2023, was 23,224.

Financial highlights

Coforge Limited's revenue from operations for FY23 stood at ₹8,014.6 crore, up 24.6% from ₹6,432 crore in FY22. The company recorded a net profit of ₹745.1 crore in FY23 against ₹714.7 crore in FY22. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹13,250 crore from the previous year's ₹11,154 crore. The company's earnings per share (EPS) stood at ₹113.77 in FY23 compared to ₹109.02 in the previous financial year.

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Coforge Key indicators

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52 week high

₹6,847.45

52 week low

₹3,770.05

P/E ratio

46.5

P/B ratio

9.02

ROE

31.33%

ROCE

32.07%

Dividend yield

1.23%

Debt/Equity ratio

0.13

EPS

119.89

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Investment checklist: (5/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

54%

Hold

25%

Sell

21%

This analysis is based on the reviews of 24 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

24.64%

Net profit margin

17.31%

ROE

31.33%

ROA

18.18%

ROCE

32.07%

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Coforge Shareholder returns

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1 day

-0.06%

1 week

-8.84%

1 month

-8.61%

3 months

-19.73%

1 year

+29.26%

3 years

+64.15%

5 years

+296.11%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Coforge Share Price history

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DayOpenCloseDay’s change
Thu, Apr 18 2024
₹5,228.00
₹5,206.90
-0.41%
Tue, Apr 16 2024
₹5,352.95
₹5,209.90
-2.75%
Mon, Apr 15 2024
₹5,515.00
₹5,396.20
-2.20%
Fri, Apr 12 2024
₹5,685.00
₹5,616.25
-1.22%
Wed, Apr 10 2024
₹5,721.00
₹5,702.45
-0.33%
Tue, Apr 9 2024
₹5,721.00
₹5,711.65
-0.16%
Mon, Apr 8 2024
₹5,825.00
₹5,682.20
-2.51%
Fri, Apr 5 2024
₹5,840.40
₹5,782.90
-0.99%

Shareholding info

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Promoters (0%)

Mutual Funds (41.68%)

Retail and other (10.7%)

Foreign institutions-FII (35%)

Other domestic institutions (12.62%)

Mutual Funds

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Events

Corporate actions

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  • Dividend • ₹19/share

    Ex date 05 Feb 2024

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  • Dividend • ₹19/share

    Ex date 02 Nov 2023

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  • Dividend • ₹19/share

    Ex date 03 Aug 2023

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  • Dividend • ₹19/share

    Ex date 10 May 2023

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  • Dividend • ₹19/share

    Ex date 03 Feb 2023

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  • Dividend • ₹13/share

    Ex date 03 Nov 2022

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  • Dividend • ₹13/share

    Ex date 03 Aug 2022

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  • Dividend • ₹13/share

    Ex date 23 May 2022

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  • Dividend • ₹13/share

    Ex date 07 Feb 2022

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  • Dividend • ₹13/share

    Ex date 03 Nov 2021

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Frequently asked questions