Coforge Ltd is in the Information Technology sector, having the Market Capitalization of worth Rs. 30,153.15 crores, it is incorporated in the year 1992. It has reported consolidated sales of Rs. 1461.60 crores in June’2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 532541, and also listed in the National Stock Exchange (NSE) with the code COFORGE.
Coforge Ltd, earlier known as NIIT Technologies, was founded in 1992 and renamed in 2020. Coforge is an IT company based in Noida, India, and New Jersey, USA. Coforge has collaborated with the NIIT Foundation and launched an initiative named ‘Shiksha’ in which they focus on providing IT skills and Employability training to underprivileged children. In addition, Coforge and NIIT Foundation have together put efforts to combat climate change by sponsoring the restoration of Neknampur Lake in Telangana. Over the years, Coforge has also worked with the Government of India in implementing the project, Intranet Prahari, where an ERP was implemented for Border Security Forces (BSF) where-in all the relevant areas like finance, personnel information, inventory management, and operations were automated and integrated. The promoters of the company own 55.73% of the stake in the company, Foreign Institutional Investors (FII) own 19.42%, Domestic Institutional Investors (DII) own 14.93% of the stake, and others (such as public and retail investors) hold the balance of 9.92%.
In June 2021, quarterly net revenue was Rs. 736.90 crores, which has increased by approximately 27.82 % from Rs. 576.50 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 171.70 crores, which has seen an increase by nearly 58.39% from a net profit of Rs. 108.40 crores in June 2020. In June 2021, the reported operating profit was at Rs. 744.70 crores, which is also reduced by 31.78% as compared to an operating profit of Rs. 565.10 crores for the quarter ending in June 2020. From Rs. 17.40 in June 2020, the EPS of Wockhardt Ltd has decreased to Rs. 28.34 per share in June 2021. COFORGE’s stock closed at Rs. 4,871.20 on 17th August’2021 (NSE) and has returned 92.36% in the last six months and 149.36% in the previous year.