Coforge Share Price
COFORGE
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Company overview
About
Market cap
| Open₹5,230.00 | Close₹5,217.15 |
Circuit range₹5,738.85 - ₹4,695.45 | Day range₹5,185.05 - ₹5,266.80 | Year range₹3,780.00 - ₹6,847.45 |
Volume2,05,747 | Avg. traded₹5,221.07 | Revenue (12m)₹8,991 Cr |
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
52 week high₹6,847.45 | 52 week low₹3,780.00 | P/E ratio46.59 |
P/B ratio9.03 | ROE31.33% | ROCE32.07% |
Dividend yield1.23% | Debt/Equity ratio0.13 | EPS119.89 |
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Analyst ratings:
Analyst ratings:
54%
Hold
25%
Sell
21%
This analysis is based on the reviews of 24 experts in the last 7 days
Fundamentals
Financial ratios
Operating profit margin24.64% | Net profit margin17.31% |
ROE31.33% | ROA18.18% |
ROCE32.07% |
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Revenue statement
All values are in ₹ Crores (Cr)No data available at the moment
Cash flow
All values are in ₹ Crores (Cr)No data available at the moment
Balance sheet
All values are in ₹ Crores (Cr)No data available at the moment
Coforge Share Price history
Day | Open | Close | Day’s change |
---|---|---|---|
Tue, Apr 23 2024 | ₹5,155.00 | ₹5,217.15 | |
Mon, Apr 22 2024 | ₹5,129.00 | ₹5,100.05 | -0.57% |
Fri, Apr 19 2024 | ₹5,175.00 | ₹5,118.15 | -1.11% |
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% |
Events
Corporate actions
Dividend • ₹19/share
Ex date 05 Feb 2024
Dividend • ₹19/share
Ex date 02 Nov 2023
Dividend • ₹19/share
Ex date 03 Aug 2023
Dividend • ₹19/share
Ex date 10 May 2023
Dividend • ₹19/share
Ex date 03 Feb 2023
Dividend • ₹13/share
Ex date 03 Nov 2022
Dividend • ₹13/share
Ex date 03 Aug 2022
Dividend • ₹13/share
Ex date 23 May 2022
Dividend • ₹13/share
Ex date 07 Feb 2022
Dividend • ₹13/share
Ex date 03 Nov 2021
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Coforge Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
COFORGE 6000 CE 25 APR 24 | ₹0.25 | -₹0.75 (-75%) |
COFORGE 5800 CE 25 APR 24 | ₹0.75 | -₹0.65 (-46.43%) |
COFORGE 6500 CE 25 APR 24 | ₹0.05 | -₹0.20 (-80%) |
COFORGE 6200 CE 25 APR 24 | ₹0.85 |