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Coforge Ltd share Price Today

Company details

6,321.70
6,407.05
4,287.25
6,847.45
6M Return 2.23%
1Y Return 35.33%
Mkt Cap.(Cr) 42,308.67
Volume 217,924
Div Yield 0.83%
OI
-
OI Chg %
-
Volume 217,924

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IT Consulting & Software company Coforge announced Q1FY25 results:

Financial Highlights:

  • Revenue for the quarter was Rs 24,008 million / USD 291.4 million
    • Up 1.6% QoQ and 7.8% YoY in constant currency (CC) terms
    • Up 1.6% QoQ and 7.2% YoY in USD terms
    • Up 1.8% QoQ and 8.1% YoY in Rs terms
  • EBITDA margin for the quarter stood at 17%, up 210 bps YoY
  • Normalized PAT at Rs 2,285 million, up 28.2% on a YoY basis
  • Cash Flow from Operations for the quarter stood at $ 23.2 million
  • The Board has recommended an interim dividend of Rs 19/- per share, and the record date for this payout will be August 2, 2024

Business Highlights:

  • Order intake at USD 314 million - tenth consecutive quarter of USD 300 million order intake.
  • 10 new clients were added during the quarter.
  • Headcount at the end of the quarter stood at 26,612; net addition of 1,886 sequentially.
  • LTM attrition (IT) at 11.4%, down 192 bps YoY.
  • Acquires 28% stake in Cigniti Limited, Revamps Board

Sudhir Singh, Chief Executive Officer, Coforge, said: “FY25 has started on a strong note with a healthy increase in EBITDA margins by 210bps over last year and OCF of USD 23.2 million. A very strong executable order book, backed by the highest ever headcount addition, sets us up for continued growth ahead.”

Result PDF

View Other Company Results

Coforge Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Increasing Revenue every Quarter for the past 4 Quarters

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (2)

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

Resistance and support

R1 6,393.3
R2 6,442.8
R3 6,478.6
Pivot

6,357.48

S1 6,307.9
S2 6,272.1
S3 6,222.6
EMA SMA
5,922.8
5,628.1
5,562.9
5,479.7
5,897.8
5,442.3
5,459.3
5,671.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NEW WORLD FUND INC Bulk Purchase 2024-05-23 5073.66 322554 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-03 4567.73 360584 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-03 4567.73 354884 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 6,343.70 4,387.85 1,878.90 1,635.35 524.80
% Change 0.35 1.51 2.96 3.01 3.54
Mcap Cr 42,308.67 1,587,562.74 780,124.54 443,779.21 274,479.01
Revenue TTM Cr 8,014.60 240,893.00 153,670.00 109,913.00 89,760.30
Net Profit TTM Cr 745.10 46,099.00 26,248.00 15,710.00 11,112.10
PE TTM 55.18 33.36 29.26 27.00 24.57
1 Year Return 35.33 29.09 40.78 47.12 31.07
ROCE 27.50 62.85 44.74 28.63 16.38
ROE 25.62 51.04 37.12 23.51 14.60
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,082.50 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,555.27 41,445.87
LAST 3M 81,242.17 56,953.52
LAST 6M 176,360.83 56,552.99
LAST 12M 304,497.96 86,223.40
Coforge Limited - Shareholders meeting

Jul 26, 2024 l NSE Announcement

Coforge Limited - Copy of Newspaper Publication

Jul 25, 2024 l NSE Announcement

Coforge Limited - Copy of Newspaper Publication

Jul 24, 2024 l NSE Announcement

Date Action Type Ratio
Aug 02, 2024 Dividend 190
May 15, 2024 Dividend 190
Feb 05, 2024 Dividend 190

Coforge Ltd Information

Stock PE (TTM)
55.18
Promoter Holding
0%
Book Value
879.6359
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 Jul 26, 2024 03:54 PM the closing price of Coforge Ltd was Rs.6,343.70.

The latest PE ratio of Coforge Ltd as of Jul 26, 2024 03:54 PM is 55.18

The latest PB ratio of Coforge Ltd as of Jul 26, 2024 03:54 PM is 0.14

The 52-week high of Coforge Ltd share price is Rs. 6,847.45 while the 52-week low is Rs. 4,287.25

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

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 Jul 26, 2024 03:54 PM, the market cap of Coforge Ltd stood at Rs. 42,308.67 Cr.

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