loader2
Partner With Us NRI

Coforge Ltd share Price Today

Company details

6,008.30
6,136.45
3,564.75
6,847.45
6M Return 12.02%
1Y Return 55.87%
Mkt Cap.(Cr) 37,746.53
Volume 182,069
Div Yield 1.11%
OI
-
OI Chg %
-
Volume 182,069

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
About The Stock

    Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals.

    • Revenues grew at 18.1% CAGR in the past five years
    • Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%)
Q4FY22

    Coforge reported robust Q4FY22 results on the revenue front.

    • Dollar revenues increased 4.9% QoQ (5% QoQ CC growth)
    • EBITDA margin improved 68 bps QoQ to 18.9%
    • Guiding for 20% revenue growth in FY23

Click here for full recommendation

Research view on more stocks

IT Consulting & Software company Coforge announced Q3FY24 results:

Financial Summary:

  • Revenue: Coforge reported quarterly revenue of Rs 23,233 million and $282 million, marking a sequential growth of 1.8% in constant currency and 1.4% in USD. Year-on-year (YoY) growth was posted at 12.0% in constant currency and 13.0% in INR terms.
  • Adjusted EBITDA: The adjusted EBITDA for the quarter was Rs 4,170 million (or $50.6 million), increasing by 9.8% YoY in INR terms and 8.9% in USD terms. Sequentially, it improved by 39 basis points.
  • Profit After Tax (PAT): PAT showed a strong increase of 31.5% quarter-on-quarter (QoQ) to Rs 2,380 million (or $28.9 million). In terms of earnings per share (EPS), this quarter's figure is Rs 38.6.

Business Highlights:

  • Order Intake: The company secured a fresh order intake totaling $354 million.
  • Order Book: The executable order book for the next 12 months stands at $974 million, reflecting a 15.8% increase YoY.
  • New Clients: Coforge added 7 new clients in this quarter.
  • Attrition Rate: The attrition rate settled at 12.1%, one of the lowest in the industry.

Vertical & Service Offering Mix:

  • Banking & Financial Services: Represents 32.2% of revenue.
  • Insurance: Accounts for 22.0% of revenue.
  • Travel, Transportation & Hospitality (TTH): Contributes 17.8% of revenue.
  • Location Mix: Onsite work makes up 47.8%, while offshore services constitute 52.2% of IT revenue.

Geographic Revenue Distribution:

  • Americas: Generates 46.6% of revenue.
  • EMEA (Europe, Middle East, and Africa): Contributes 40.0% of revenue.
  • Rest of World: Accounts for 13.4% of revenue.

Client Concentration:

  • Top 5 Clients: Revenue from the top 5 clients decreased year-over-year.
  • Top 10 Clients: Revenue concentration from the top 10 clients also decreased, indicating a diversification in the revenue base.

Employee Metrics:

  • Headcount: Global headcount increased to 24,607 by the end of December 2023.
  • Utilization Rate: Including trainees, the utilization rate is reported at 94%.

Operational Metrics:

  • Days Sales Outstanding (DSO): Stood at 63 days for the quarter, showing improvement over the previous year's figure of 73.
  • Currency Rates: The closing rate for INR/USD was 83.19, with the average rate being 83.26.

Awards & Recognitions:

  • Received accolades in categories like Digital Banking Services, P&C Insurance, and Market Leadership in Travel and Hospitality.
  • Recognized by HFS Research, Everest Group, and ISG in various capacities.
  • Winner in three categories at the 6th CHRO Vision & Innovation Awards 2023.
  • Recognized among India's Best Workplaces in IT & IT-BPM for the second year running.

Partnerships & Initiatives:

  • Launched Quasar Responsible AI and entered strategic partnerships to strengthen their service offerings like their Enforcement SaaS Platform and Insurance Lifecycle Management Solutions.
  • Coforge transformed a waste dumping ground into a biodiversity park in Noida.

“Coforge this year is likely to be one of the very few firms that gave clear growth guidance at the beginning of the year and shall deliver within that revenue guidance range. Our ability to deliver on an annual revenue guidance commitment in such a tough year and the fact that at the end of Q3 our YTD organic cc revenue growth is 14.7 percent is a testament to the tenacity of Team Coforge and our ability to execute against plans” said Sudhir Singh, Chief Executive Officer, Coforge.

 

 

Result PDF

View Other Company Results

Coforge Ltd shares SWOT Analysis

Strengths (10)

  • Strong QoQ EPS Growth in recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • Negative Breakdown First Support (LTP < S1)

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 5,939.8
R2 6,182.5
R3 6,319.9
Pivot

5,802.47

S1 5,559.8
S2 5,422.4
S3 5,179.7
EMA SMA
6,285.8
6,296.5
6,059.1
5,603.9
6,376.4
6,405.4
6,038.9
5,502.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
KOTAK FUNDS - INDIA MIDCAP FUND Bulk Purchase 2023-08-24 4703 865328 NSE
SMALLCAP WORLD FUND INC Bulk Purchase 2023-08-24 4703 661812 NSE
HDFC MUTUAL FUND Bulk Purchase 2023-08-24 4703 652402 NSE
Data not found

OUR RESEARCH VIEW

Investment recommendation
Call Date
27 Apr 2023
Entry Price 4,020.00
Target Price 4,725.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Coforge Ltd Stocks COMPARISON

Financials( in Cr) Coforge Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 6,112.60 4,216.40 1,634.30 1,647.85 517.20
% Change 0.41 0.21 -1.15 -1.87 -0.14
Mcap Cr 37,746.53 1,525,530.62 678,307.72 447,171.29 270,206.07
Revenue TTM Cr 8,014.60 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 745.10 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 47.82 32.90 27.26 28.38 23.63
1 Year Return 55.87 31.15 15.09 52.01 36.30
ROCE 27.50 58.04 44.36 27.62 17.11
ROE 25.62 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,082.50 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20
Coforge Limited - Other General Purpose

Mar 18, 2024 l NSE Announcement

Board Meeting for Today

Mar 16, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

Mar 16, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Feb 05, 2024 Dividend 190
Nov 02, 2023 Dividend 190
Aug 03, 2023 Dividend 190

Coforge Ltd Information

Stock PE (TTM)
47.82
Promoter Holding
0%
Book Value
538.4475
ROCE
27.5%
ROE
25.62%
Description
  • 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.

Registered Address

8 Balaji Estate 3rd Floor, Guru Ravi Das Marg Kalkaji, New Delhi, New Delhi, 110019

Tel : 91-11-41675000
Email : investors:coforge.com
Website : http://www.coforge.com
Registrar

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 Shares

You 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 Mar 15, 2024 03:09 PM the closing price of Coforge Ltd was ₹ 6,112.60.

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 Mar 15, 2024 03:09 PM, the market cap of Coforge Ltd stood at ₹ 37,746.53.

The latest PE ratio of Coforge Ltd as of Mar 15, 2024 03:09 PM is 47.82

The latest PB ratio of Coforge Ltd as of Mar 15, 2024 03:09 PM is 0.09

The 52-week high of Coforge Ltd is ₹ 6,847.45 while the 52-week low is ₹ 3,564.75

According to analyst recommendations, Coforge Ltd has a “Buy” rating for the long term.

Download Our

Download App
market app