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Prices as of 8 Oct 2026 close · Not investment advice

Coforge

NSE: COFORGEComputers - Software & Consulting

Share price

₹1,814.30

-0.43% close of 8 Oct 2026

Market cap ₹80,389 CrP/E 41.9

Business score

How strong the business is, in one number. The parts behind it are in Pro.

78

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹80,389 Cr

P/E ratio

41.9

P/B ratio

6.4

ROCE

23.5%

ROE

21.4%

Dividend yield

0.7%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,014.6052-week low ₹1,073.90

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 35.7% over the past year, and 15.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 17.4% to 18.6% over the last four years.

Whether it grew faster than its sector

It grew 15.9% a year against a sector median of 14.5% — 1.4 percentage points faster.

Room to re-rate, or risk of de-rating

At 41.9× earnings it costs 1.8× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 14.0×, across 5 companies. It is against its own five-year median of 64.4×, the 13th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.3 times its growth rate, on earnings growth of 33%.

Profit growthPrice per ₹1 profitPer 1% growth
Coforge — this one33%/yr41.9×₹1.3
Tata Consultancy Services8%/yr14.0×₹1.7
Infosys8%/yr12.9×₹1.6
HCL Technologies6%/yr17.6×₹2.9
Wipro5%/yr12.6×₹2.5
Tech Mahindra1%/yr24.9×₹24.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 21 of 53 on returns, 21 of 49 on growth, 30 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 23.5% on capital, ahead of 60% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹5648 crore of cash from the business, spent ₹1712 crore on plant and equipment, and returned ₹1020 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 118 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 33 days for its cash to waiting 25 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 8 checks clear · 75%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue jumped 49% to Rs 5,528 crore as the Encora takeover landed in the numbers

Announced 28 Jul 2026 · Consolidated

Revenue

₹5,528 Cr

Revenue vs last year

+49.2%

Revenue vs last quarter

+24.2%

Net profit

₹532 Cr

Profit vs last year

+49.4%

Profit vs last quarter

-20.2%

Net margin

9.6%

EPS

₹12.34

Earnings call transcript · 28 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹80,389 Cr
Prev close
₹1,814.30
52w High
₹2,021
52w Low
₹1,008
Enterprise value
₹80,018 Cr
Beta
1.2
Price CAGR 1y
6.0%
Price CAGR 3y
21.0%
Price CAGR 5y
10.0%
Price CAGR 10y
36.0%

Ratios

Return on assets
11.8%
PEG ratio
1.3
P/E ratio
41.9
P/B ratio
6.4
EV / EBITDA
27.6
Industry P/E
18.1
ROCE
23.5%
ROCE 5y average
27.2%
ROE
21.4%
Debt / Equity
0.1
Interest coverage
12.9
Dividend yield
0.7%
ROE 3y average
20.0%
ROE last year
21.0%

Annual P&L

Annual revenue
₹16,403 Cr
Annual profit
₹1,745 Cr
Operating margin
18.0%
Net profit margin
10.6%
EBITDA margin
17.9%
Sales growth 3y
27.0%
Sales growth 5y
28.6%
Profit growth 3y
33.0%
Profit growth 5y
29.0%
EPS
₹46.3
Sales growth TTM
36.0%
Profit growth TTM
98.0%
Dividend payout
34.0%

Quarter P&L

Sales latest quarter
₹5,528 Cr
Profit latest quarter
₹532 Cr
YoY quarterly sales growth
49.2%
YoY quarterly profit growth
49.4%
OPM latest quarter
19.1%

Balance Sheet

Book Value
₹215
Face Value
₹2.0
Total debt
₹728 Cr
Total cash
₹1,099 Cr
Borrowings
₹728 Cr
Reserves / Equity
141.3

Cash Flow

Operating cash flow
₹1,792 Cr
Free cash flow
₹1,197 Cr
FCF yield
1.3%
Net cash flow
₹298 Cr

Shareholding

Promoter holding
—
FII holding
24.3%
DII holding
42.6%
Public holding
33.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
TCS2,080.3014.07,52,6713.0813,420.08.472,275.013.963.0
Infosys992.0012.94,02,5814.847,775.012.348,211.014.040.0
HCL Technologies1,185.0017.73,21,5694.564,626.020.334,579.013.930.4
Wipro159.6012.01,58,0896.893,356.30.724,478.610.617.8
Tech Mahindra1,491.1027.51,46,1523.421,486.328.415,711.917.723.1
LTM3,930.0020.81,16,5721.911,468.616.911,608.018.029.6
Persistent Systems5,507.0043.686,8730.73483.013.74,303.229.134.4
Coforge1,822.2042.180,7310.66531.796.35,527.749.223.5
Median218.6519.28920.3410.113.085.717.622.1

Competes with: HCL Technologies, Infosys, LTIMindtree Limited, Persistent Systems, Tata Consultancy Services, Tech Mahindra, Wipro, Xtranet Technologies Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,2212,2762,3232,3182,3573,0263,2583,4223,7043,9864,2324,4515,528
Expenses1,9151,9351,9281,9292,0482,6032,8232,8953,1273,2533,5083,5744,470
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade2.501.4022.200.900
Employee Cost1,9962,2152,2722,3312,3983,125
Other Expenses8858959791,1251,1761,345
Operating Profit3063413953903094234355275777327238761,058
OPM %14151717131413151618172019
Other Income169151464256336438-127-32-28
Exceptional items (within Other Income)0-250-148-54-55
Interest22323537323032404641424087
Depreciation7677817972114116125159172171180241
Profit before tax224241294288211320343395436558384625702
Tax %2222182034272522182423-724
Net Profit176188243229139234256307356425297666532
EPS in Rs5.415.887.717.243.996.066.457.819.49117.471812
Diluted EPS in Rs399.38117.381812

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3722,6882,8022,9913,6764,1844,6636,4328,0159,00912,07316,40318,195
Expenses2,0362,2142,3222,4893,0263,4593,8825,3306,7337,56210,38013,46714,805
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade106.50
Employee Cost7,2249,216
Other Expenses3,1234,244
Operating Profit3374744805026507257811,1021,2821,4471,6942,9363,390
OPM %14181717181717171616141819
Other Income-642043846591352832137-83-148
Exceptional items (within Other Income)0-226
Interest6869916146581126135169209
Depreciation92121128127125173184227258297428682764
Profit before tax1763653514045625955968629511,0561,2692,0032,270
Tax %312122242521221722212613
Net Profit1222872723094224684667157458369361,7451,920
EPS in Rs3.748.838.159.12131415222326244649
Diluted EPS in Rs12246
Dividend Payout %51233133044174856581634

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
20%
5 years
29%
3 years
27%
TTM
36%

Compounded profit growth

10 years
20%
5 years
29%
3 years
33%
TTM
98%

Stock price CAGR

10 years
36%
5 years
10%
3 years
21%
1 year
6%

Return on equity

10 years
21%
5 years
22%
3 years
20%
Last year
21%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital616161626262616161626767
Reserves1,2961,5111,6251,7122,0102,3342,4062,6723,0213,5656,3129,470
Borrowings91025221435834905627261,070728
Other Liabilities6117026958287489689351,6551,9801,7084,8234,581
Minority Interest1,950143
Total Liabilities1,9772,2852,4072,6242,8343,4003,4844,8785,6256,06112,27214,846
Fixed Assets5589038488798191,0791,0212,0672,3122,3536,0966,760
CWIP12017011001752323
Investments557531636536514120001460
Other Assets1,2431,2911,2441,3791,6492,3072,4512,7943,3093,6856,0288,083
Total Assets1,9772,2852,4072,6242,8343,4003,4844,8785,6256,06112,27214,881

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2583604723824532977627669509031,2371,792
Cash from Investing Activity-184-223-343-248-237136-86-963-269-265-2,438-400
Cash from Financing Activity-66-73-67-74-106-133-696-156-558-8871,675-1,094
Net Cash Flow7646260109300-20-353123-249474298
Free Cash Flow712003872943852276876187976446801,197

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days938061715875847973737888
Cash Conversion Cycle938061715875847973737888
Working Capital Days486438303738333313301825
ROCE %192523233027253231292024

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs343435414243403734353124
DIIs545554474848505255545643
Public111111119.759.589.861011121333
No. of Shareholders1,23,3301,17,8441,26,7391,63,3571,37,7681,37,1701,44,1751,85,8652,23,4922,43,3662,93,5103,40,980

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +5.5% (₹1,720.10 → ₹1,814.30)Brick size ₹60.43 (fixed)Bricks 34
₹1,250₹1,500₹1,814Nov '25Feb '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹1,814.30 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

attrition %

10.40pct

2026-06-30

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

BFSI share of revenue %

24.70pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

35,54,322inr

2026-03-31

News

News and filings about Coforge. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Sells to

  • British Airways · IT services / digital transformation (travel & transportation vertical)
  • ING Group · IT services (BFSI vertical)
  • SEI Investments · IT services (BFSI / wealth management vertical)
  • SITA · IT services (travel & transportation vertical)
  • Sabre Holdings · IT services (travel & transportation vertical)

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Information Technology
Industry
Computers - Software & Consulting
Classification
Information Technology › Computers - Software & Consulting
ISIN
INE591G01025

Business segments

  • America · 55%
  • Europe,Middle East and Africa · 34%
  • Asia Pacific · 7%
  • India · 4%

News impact

Big market events that reach Coforge, and how the effect spreads.

Who it hits first

  • Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
  • Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
  • The pack carries no deal value or tenure, so the size of the retained revenue is unknown.

Who may gain

  • Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
  • ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
  • Infosys shareholders who bought near the 52-week low: up 0.71% on the day.

Along the supply chain

Downstream

ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.

Upstream

Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.

Where demand moves

Business

ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.

Capital

Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.

How it spreads across sectors

Financial Services

None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.

Information Technology

Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.

When it plays out

Immediate

Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.

Medium term

European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.

Short term

Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.

Who it hits first

  • The US has added a $100000 payment for certain new H-1B (US work visa) hires from abroad, plus extra employer fees, closer checks when US staff are laid off, and tougher enforcement.
  • Tata Consultancy Services, Infosys and Wipro — India's large IT services firms that send engineers to work at US client offices — now pay more for each US placement and wait longer for approvals.
  • H-1B sign-ups are already falling as firms move work to India or hire locally in America, which trims profit margins (profit left per rupee of sales) for the most US-linked firms.

Who may gain

  • No clear winner among Indian IT firms — this is a cost rise for US-linked work, not new demand, so domestic cloud and software names only avoid the hit rather than gain.

Along the supply chain

Downstream

Big bank buyers of IT work such as State Bank of India and ICICI Bank, which hire Tata Consultancy Services and Infosys to run software, see no direct change — projects continue, just delivered more from India.

Upstream

Vendors that serve the big IT firms — Prestige Estates which rents office space, Tata Communications which provides network links, and staffing and facility helpers — see slower growth in US-site support as hiring tilts to India.

Where demand moves

Business

Client demand for software work does not grow or shrink — the same US projects simply cost more when they need staff on American sites, so more coding and support shifts to Indian delivery centres.

Capital

Investors grow cautious on export-heavy IT shares as margins look thinner, so money pauses or drifts to domestic-focused software names until firms show how much of the fee clients will bear.

How it spreads across sectors

Information Technology

Export-heavy IT services face higher US staffing costs and near-term margin pressure, while domestic software, map and cloud names feel only brief sentiment selling.

When it plays out

Immediate

In the next few days IT shares wobble and H-1B filings slow further as firms pause US hires.

Medium term

Over the next few months delivery settles with more offshore work and local US recruits, leaving a lasting small margin drag for the most US-exposed firms.

Short term

Over the next few weeks firms spell out extra costs, add Indian and US local hiring, and accept slightly thinner margins.

29 Sept, 21:41 IST · Market event · medium impact

H-1B registrations plunge as Indian IT firms shift US staffing strategy

Higher US visa costs are pushing Indian IT firms toward local US hiring and offshore work, squeezing near-term margins for big exporters like TCS and Infosys while leaving domestic tech mostly unaffected.

Information Technology

Who it hits first

  • Tata Consultancy Services (TCS, India's largest IT services exporter) and Infosys (IT services) face higher cost to place staff in the US as H-1B registrations plunge on higher visa costs.
  • The shift toward hiring locally in the US and doing more work offshore in India trims near-term profit margins for visa-heavy exporters before any savings arrive.
  • Mid-tier exporters like Tech Mahindra (telecom-focused IT services), Persistent Systems (software product engineering) and Coforge (IT services) face the same margin squeeze on US onsite work.

Who may gain

  • No clear winner inside Indian IT — this is a cost shock that squeezes exporters rather than creating new demand.
  • India-based cloud and data-center providers like E2E Networks (India cloud provider) could see a mild lift if more work shifts offshore, but the pack shows no direct order link.

Along the supply chain

Downstream

Downstream bank customers the graph lists — State Bank of India and Indian Bank for TCS, Axis Bank and ICICI Bank for Infosys — see no direct disruption, only possible slower pass-through of vendor cost pressure in future contracts.

Upstream

Upstream staffing, travel and office-support vendors that the graph lists as suppliers to TCS and to Infosys see slower onsite ramp as fewer staff move on visas.

Where demand moves

Business

US clients still need the software work but resist paying more, so Indian vendors absorb higher local-hire costs while bidding more offshore delivery from India.

Capital

Investors turn cautious on visa-heavy large caps like Tata Consultancy Services and Infosys near-term, with no fresh capital inflow into the sector from this news.

How it spreads across sectors

Financial Services

Muted second-order effect — banks that buy IT services may face slightly higher contract costs later, with no immediate disruption.

Information Technology

Near-term margin pressure across exporters as US staffing costs rise; offshore-heavy work cushions revenue but not margins.

When it plays out

Immediate

1-7 days: IT exporter shares stay soft on margin worries; no contract cancellations expected.

Medium term

1-6 months: higher US payroll and offshore ramp costs show in results; firms with stronger pricing power recover first.

Short term

1-4 weeks: firms outline local-hiring and offshore plans; analysts trim near-term margin forecasts.

Who it hits first

  • Coforge, the mid-sized IT services firm, filled its top board seat by naming Akhil Gupta as Chairperson days after key board exits.
  • This appointment aims to calm Coforge investors by showing steady leadership while the firm pushes deeper into AI and enterprise transformation work.
  • Rival IT firms such as Infosys, Tata Consultancy Services, HCL Technologies and Tech Mahindra face no direct order or cost change from this board move.

Who may gain

  • Coforge shareholders — steadier leadership after board exits supports confidence
  • Akhil Gupta — takes the Chairperson role at a large IT firm

Along the supply chain

Downstream

No direct downstream change — Coforge's enterprise customers face no price, delivery or contract shift from a Chairperson change, so downstream demand and timelines stay flat.

Upstream

No direct upstream change — the two firms linked as suppliers to Coforge see no new orders, since a Chairperson hire does not raise tech spending.

Where demand moves

Business

No new business demand is created — a Chairperson appointment moves no IT budgets or outsourcing deals; enterprise clients of Coforge see no change in projects or prices near term.

Capital

Capital steadies around Coforge as a named Chairperson lowers governance worry after board exits, likely drawing modest dip-buying, while rival IT stocks see no capital rotation from this news.

How it spreads across sectors

Information Technology

Near flat — a single firm's board appointment does not move sector budgets, hiring or pricing; only sentiment steadies for Coforge itself.

When it plays out

Immediate

Coforge steadies as investors welcome a named Chairperson; shares likely inch up slightly while rival IT names stay flat.

Medium term

Coforge's AI and enterprise transformation execution decides the payoff; rivals move only on their own deals, not this appointment.

Short term

Focus shifts to who left the board and what Gupta says about AI plans; any further exits would undo the calm.

Who it hits first

  • Persistent Systems, an IT services company, is raising its holding in Nagarro to 83.25% through its arm.
  • It plans to remove Nagarro shares from Frankfurt trading (a delist), moving toward full ownership and simpler control.
  • The move uses cash for the buyout but lets Persistent fully steer Nagarro and combine its results.

Who may gain

  • Persistent Systems gains tighter control and future profit pooling from owning 83.25% of Nagarro.
  • Nagarro minority holders may get a buyout offer as part of the Frankfurt delisting.
  • IT rivals see no direct benefit since no client work or orders shift to them.

Along the supply chain

Downstream

Downstream, Persistent Systems lists no direct customers in this pack and Nagarro clients face no change, so no downstream demand shifts.

Upstream

Upstream, firms that supply Persistent Systems — SMARTWORKS and UDS for offices and facilities, ZAGGLE for expense tools — get no extra orders because buying shares does not use more office or support services.

Where demand moves

Business

No new business demand is created — this is an ownership change, not a fresh client order, so no extra work flows to Persistent or its peers.

Capital

Capital flows from Persistent to Nagarro minority holders for the extra shares, with mild positive sentiment for Persistent shares and no capital rotation to other IT names.

How it spreads across sectors

Information Technology

Peers like Infosys, TCS and others see no demand change; only light sentiment that Indian IT is consolidating, with no earnings impact.

When it plays out

Immediate

Persistent shares react to the 83.25% stake and delist aim; Nagarro minorities assess the offer.

Medium term

If delisted, Persistent consolidates Nagarro fully; integration progress drives any lasting gain.

Short term

Delist terms, funding and German approvals come into focus; peers drift with the market.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

3 Aug 2026interim₹4
30 Jan 2026interim₹4
31 Oct 2025interim₹4
31 Jul 2025interim₹4
4 Jun 2025split₹0
9 May 2025interim₹19
30 Jan 2025interim₹19
11 Oct 2024interim₹19

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.