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- Revenues grew at 18.1% CAGR in the past five years
- Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%)
Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals.
Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals.
Coforge reported robust Q4FY22 results on the revenue front.
IT Consulting & Software company Coforge announced Q1FY24 results:
“Exceptional execution by Team Coforge in a testing environment allowed us to deliver another quarter of sustained, robust and profitable growth. The five-year USD 300 million TCV deal in the BFS space along with another five year USD 65 million TCV deal in the same sector underlined the execution rigor of the team. During the quarter we increased our net headcount by 1000 employees to support future growth, fully rolled out the annual salary increments for our employees on April 1st, honored all commitments to onboard campus hires, met our commitment to distribute around 21,500 i-pads to employees to mark our USD 1 Billion milestone and saw attrition drop down to 13.3%. The quarter’s performance sets us up very well for meeting our annual revenue guidance of 13% to 16% cc growth.” said Sudhir Singh, Chief Executive Officer, Coforge.
Equity Capital: 3,082.50 Cr FV: 10.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 12,500.03 | -6,885.48 |
| LAST 3M | 36,702.89 | 2,100.69 |
| LAST 6M | 45,999.05 | 152,168.44 |
| LAST 12M | 133,371.71 | 158,810.39 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 03, 2023 | Dividend | 190 |
| May 10, 2023 | Dividend | 190 |
| Feb 03, 2023 | Dividend | 190 |
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.
8 Balaji Estate 3rd Floor, Guru Ravi Das Marg Kalkaji, New Delhi, New Delhi, 110019
| Tel | : | 91-11-41675000 |
| : | investors:niit-tech.com | |
| Website | : | http://www.coforge.com |
Alankit Assignments Ltd
| AGM Date (Month) | : | Jul |
| Face Value Equity Shares | : | 10 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 532541 |
| NSE Code | : | COFORGE |
| Book Closure Date (Month) | : | |
| BSE Group | : | A |
| ISIN | : | INE591G01017 |
FAQ’s on Coforge Ltd SharesYou can buy Coforge Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Coforge Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 25, 2023 03:24 PM the closing price of Coforge Ltd was ₹ 5,278.80.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 25, 2023 03:24 PM, the market cap of Coforge Ltd stood at ₹ 32,251.88.
The latest PE ratio of Coforge Ltd as of Sep 25, 2023 03:24 PM is 43.51
The latest PB ratio of Coforge Ltd as of Sep 25, 2023 03:24 PM is 0.09
The 52-week high of Coforge Ltd is ₹ 5,762.70 while the 52-week low is ₹ 3,295.00
According to analyst recommendations, Coforge Ltd has a “Buy” rating for the long term.
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