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Coforge Ltd share Price Today

Company details

5,110.70
5,198.00
4,287.25
6,847.45
6M Return -7.51%
1Y Return 16.48%
Mkt Cap.(Cr) 31,828.54
Volume 589,738
Div Yield 1.11%
OI
-
OI Chg %
-
Volume 589,738

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IT Consulting & Software company Coforge announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue for the quarter was USD 286.8 million and Rs 23,585 million
  • Up 1.5% in Rs, 1.7% in USD and 1.9% in cc terms QoQ.
  • Up 8.7% in Rs terms, 8.5% in USD terms and 9.0% in CC terms on a YoY basis.
  • Adj. EBITDA margin for the quarter at 19.0%, sequentially up by 102 bps
  • PAT for the quarter at Rs 2,237 million, was up 94.8% YoY in Rs terms.

FY24 Financial Highlights:

  • Revenue at USD 1,119 million and Rs 91,790 million
  • Up 13.3% in CC terms, up 14.5% in Rs and 11.7% in USD terms
  • Adj. EBITDA margin at 17.6% for the year
  • Adj. EBITDA at Rs 16,185 million, up 10.5% YoY
  • PAT for the year at Rs 8,080 million, up 16.5% YoY

Sudhir Singh, Chief Executive Officer, Coforge, said, "FY24 was an exemplary year where the firm grew 13.3% in CC organic terms, thus becoming one of the very few firms across the industry that was able to deliver on the annual growth guidance given at the beginning of FY24. The USD 400 million TCV deal signed in Q4, the 56% YoY increase in order intake and the 102-bps sequential margin improvement in Q4 set us up strongly to deliver robust growth in FY25 with expanded margins.”

Result PDF

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Coforge Ltd shares SWOT Analysis

Strengths (7)

  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 5,259.8
R2 5,373.4
R3 5,435.7
Pivot

5,197.45

S1 5,083.9
S2 5,021.6
S3 4,908.0
EMA SMA
4,922.7
5,202.9
5,460.5
5,419.5
4,734.8
5,216.2
5,810.0
5,613.3
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 5,148.50 3,819.00 1,454.40 1,357.80 450.85
% Change 0.04 -0.54 -0.86 -0.04 -1.14
Mcap Cr 31,828.54 1,381,747.81 603,702.10 368,461.43 235,575.35
Revenue TTM Cr 8,014.60 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 745.10 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 39.82 29.81 23.38 23.47 21.58
1 Year Return 16.48 15.02 10.65 20.56 12.77
ROCE 27.50 62.85 44.74 27.62 17.11
ROE 25.62 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,082.50 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97
Coforge Limited - Other General Purpose

May 28, 2024 l NSE Announcement

Coforge allots 48.69 lakh equity shares under QIP issue

May 28, 2024 l BSE Announcement

Board Meeting for Today

May 27, 2024 l Board Meetings for Today

Date Action Type Ratio
May 15, 2024 Dividend 190
Feb 05, 2024 Dividend 190
Nov 02, 2023 Dividend 190

Coforge Ltd Information

Stock PE (TTM)
39.82
Promoter Holding
0%
Book Value
586.6326
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 May 29, 2024 02:24 PM the closing price of Coforge Ltd was Rs.5,148.50.

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 May 29, 2024 02:24 PM, the market cap of Coforge Ltd stood at Rs. 31,828.54.

The latest PE ratio of Coforge Ltd as of May 29, 2024 02:24 PM is 39.82

The latest PB ratio of Coforge Ltd as of May 29, 2024 02:24 PM is 0.11

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.

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