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Coforge Ltd share Price

Company details

6M Return 41.20%
1Y Return 55.37%
Mkt Cap.(Cr) 32,251.88
Volume 187,599
Div Yield 1.20%
OI Chg %
Volume 187,599

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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%)

    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

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IT Consulting & Software company Coforge announced Q1FY24 results:

  • Revenue for the quarter was INR 22,210 million and USD 271.8 million
    • Up 2.7% QoQ and 18.4% YoY in constant currency (CC) terms
    • Up 2.8% QoQ and 13.9% YoY in USD terms
    • Up 2.4% QoQ and 21.4% YoY in INR terms
  • Adjusted EBITDA margin for the quarter stood at 16%.
  • The Board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be August 3, 2023
  • Total order book executable over the next 12 months at USD 897 million
  • Record order intake was USD 531 million, sixth consecutive quarter of USD 300 million order intake.
  • 6 new clients were added during the quarter.
  • Headcount as of 30th June 2023, at 24,224; a net addition of 1,000 people during the quarter.
  • LTM attrition at 13.3%, down 470 bps YoY.
  • Two USD 50 million deals signed in the Banking and Financial Services (BFS) vertical.
  • Highest ever order intake of USD 531 million during the quarter.
  • Reiterates FY24 annual revenue growth guidance of 13% to 16% in CC terms.

“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.



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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Coforge Ltd Stocks COMPARISION


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
Coforge allots 1.39 lakh equity shares under ESOP

Sep 23, 2023 l BSE Announcement

Coforge Limited - ESOP/ESOS/ESPS

Sep 20, 2023 l NSE Announcement

Coforge allots 98,184 equity shares under ESOP

Sep 20, 2023 l BSE Announcement

Date Action Type Ratio
Aug 03, 2023 Dividend 190
May 10, 2023 Dividend 190
Feb 03, 2023 Dividend 190

Coforge Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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: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
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 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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