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COFORGE · NSE · Computers - Software & Consulting

Coforge Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Technology
fair low confidence No valuation within 120 days; P/E 37.9 vs peers 23.3 (13th of 15); P/B 4.6 vs peers 6.3 (5th of 15).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Coforge's share price today?

Coforge last traded at ₹1,846.60 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.1% on the day, up 8.8% over a year. Its 52-week range is ₹1,008 to ₹2,021. The live price is in the app.

₹1,846.60 −1.1% today
+8.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range83% of the way up
Low ₹1,008High ₹2,021

What is Coforge's market cap?

Coforge's market capitalisation is about ₹82,755 crore: what it would cost to buy every share at today's price. That makes it the 34th largest mid cap company we cover.

₹82,755 Cr Mid Cap34th largest mid cap company
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: COFORGE
ISIN
INE591G01025
Cap bucket
Mid Cap, 34th largest by market cap
Industry (NSE)
Information Technology › IT - Software › Computers - Software & Consulting
Listed since
2004
Futures and options
Traded

Is Coforge overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 37.9 vs peers 23.3 (13th of 15); P/B 4.6 vs peers 6.3 (5th of 15).

Valuation

Latest price and trailing 12 months
P/E 37.94
vs peers 23.3 · 13th of 15
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 4.57
vs peers 6.3 · 5th of 15
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹82,755 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 1.4%
vs peers 3.0% · 10th of 12
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 1.47
vs peers 2.8 · 2nd of 11
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Coforge a quality business?

Quality score 50, 7th of 15 in its peer set; CLEAN on 22 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 50
vs peers 47.1 · 7th of 15
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
22 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 18.9%
vs peers 22.8% · 12th of 15
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 18.5%
vs peers 28.0% · 13th of 15
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 9.6%
vs peers 11.8% · 11th of 15
Profit after everything, as a share of revenue. Learn more →
EPS ₹51.93
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Coforge made money for shareholders?

Yes: +8.8% over one year and +10.8% a year over five years.

Shareholder returns

1-year return +8.8%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +10.8% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+0.9%
1M
+5.2%
3M
+21.2%
6M
+51.7%
1Y
+8.8%
3Y
+20.6%
5Y
+10.8%

Does Coforge pay a dividend?

Yes. Coforge's dividend yield is 1.42% at the latest price; the last payout was ₹4.00 a share, ex-dividend 3 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield1.42%
The past 12 months' dividends as a share of today's price.
3 Aug 2026 · Interim₹4.00
30 Jan 2026 · Interim 3₹4.00
31 Oct 2025 · Interim 2₹4.00
31 Jul 2025 · Interim₹4.00
9 May 2025 · Interim 4₹3.80
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Coforge growing?

Revenue 3 years 27.0% a year; profit 3 years 30.9% a year; revenue 5 years 23.1% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 27.0% a year
vs peers 7.8% · 2nd of 15
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 30.9% a year
vs peers 6.1% · 3rd of 15
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 23.1% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 21.6% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years -12.0% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 0.9% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history 114.4%
vs peers -31.6% · 13th of 13
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Coforge do last quarter?

Coforge reported revenue of ₹5,528 Cr, up 35.9% on a year earlier and a net profit of ₹532 Cr, up 86.4% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹5,528 Cr
+35.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹532 Cr
+86.4% on a year earlier
What was left for shareholders after every cost and tax.

How does Coforge compare with its peers?

Compared with 14 Computers - Software & Consulting; 13th of 15 on P/E; 7th of 15 on quality score.

Compared with 14 Computers - Software & Consulting

14 companies

Coforge against its peers

Largest 10 of 14 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Coforge Ltd₹82,755 Cr37.94.618.9%18.5%+8.8%
Tata Consultancy Services Ltd₹7.8 L Cr15.110.161.5%71.4%−28.3%
Infosys Ltd₹4.2 L Cr13.86.334.7%43.3%−31.5%
HCL Technologies Ltd₹3.3 L Cr18.914.140.6%50.3%−18.6%
Wipro Ltd₹1.6 L Cr12.93.119.1%21.9%−33.7%
Tech Mahindra Ltd₹1.5 L Cr26.16.217.5%20.9%+4.4%
LTM Ltd₹1.2 L Cr23.15.222.1%27.4%−26.0%
Persistent Systems Ltd₹91,022 Cr46.911.426.6%34.5%+8.3%
Mphasis Ltd₹45,064 Cr23.56.022.0%27.5%−14.2%
Hexaware Technologies Ltd₹32,903 Cr24.414.324.3%28.6%−23.9%
Tata Elxsi Ltd₹19,502 Cr29.88.223.6%29.4%−41.5%
Peer median—23.36.322.8%28.0%−24.9%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Coforge?

Coforge has no promoter holding; it is widely held.

Shareholding pattern

Latest filing, percent of shares
Promoters0.0%
The founders and controlling group.
Foreign institutions24.3%
Overseas funds investing through the FPI route.
Domestic institutions42.6%
Indian insurers, banks, pension and mutual funds together.
Mutual funds30.0%
Indian mutual fund schemes; part of domestic institutions.
Retail and others7.7%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Coforge?

34 analysts cover Coforge, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

34 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Coforge do and what is it sensitive to?

Coforge Limited is a global digital services and solutions provider offering IT and IT enabled services across multiple industries, and it does not manufacture or sell physical products. Sensitive to: INR/USD exchange rate.

Business-model card

FY2026 · 40 verified
5Revenue
4Channels
2Regulators
4Reg. dependencies
4Sensitivities
4Costs
2Geographies

Coforge Limited is a global digital services and solutions provider offering IT and IT enabled services across multiple industries, and it does not manufacture or sell physical products. It earns mainly from software-related services billed on time-and-material, fixed-price and related contract types, mostly to corporations in the United States and Europe.

Revenue by segment

2025-03-31
America54.8%
Europe,Middle East and Africa33.6%
Asia Pacific7.1%
India4.4%

Revenue engine

5 verified
Data and Integration service line
INR 35,206 Mn in FY2026 (FY2025: INR 28,827 Mn) in the service-line table.
Cloud and Infrastructure Management service line
INR 30,227 Mn in FY2026 (FY2025: INR 21,976 Mn). Infrastructure-as-a-service revenue is recognised rateably over the contract period, per the revenue note.
Intelligent Automation service line
INR 13,392 Mn in FY2026 (FY2025: INR 11,290 Mn).
2 more statements
Business Process Management service line
INR 12,898 Mn in FY2026 (FY2025: INR 9,961 Mn).
Time-and-material project type
INR 87,017 Mn in FY2026 (FY2025: INR 65,138 Mn); the note says this includes fixed capacity. Interpretation: billed on effort or capacity rather than fixed outcome.

Customers & channels

4 verified
Banking and financial services vertical
Revenue of INR 43,351 Mn in FY2026 (FY2025: INR 36,281 Mn) in the vertical table.
Travel, transportation and hospitality vertical
Revenue of INR 37,723 Mn in FY2026 (FY2025: INR 22,467 Mn) in the vertical table.
Single customer concentration (12.0%)
One customer contributes 12% of revenue and 25% of outstanding trade receivables and contract assets; part of that revenue and receivable is subject to outcome-based fee. Interpretation: a note elsewhere says no customer exceeded 10% of revenue, so the two statements should be checked against each other.
1 more statement
Corporate customers in the US and Europe
Trade receivables are concentrated in the United States and Europe, where the customers are primarily corporations.

Regulators

2 verified
Government of India, Foreign Trade Policy (STP/EOU scheme)
Governs the company's status as a 100% EOU under the Software Technology Park Scheme, including the approvals needed to set up and operate.
OFAC sanctions rules
Compliance requirement that limits market entry; the company avoids prohibited jurisdictions.

Regulatory dependencies

4 verified
100% EOU status under Software Technology Park Scheme
Interpretation: the company's operating set-up depends on obtaining and keeping the Letter of Approval and bonded-warehouse licence; a change to these approvals would affect how it operates from India.
Revenue presented net of indirect taxes
Reported revenue excludes indirect taxes, so changes in indirect tax rates do not flow into reported revenue. Interpretation: they would affect pricing and cash collection rather than the revenue line.
Tax and regulatory change in operating geographies
Listed as a factor that could require significant investment in the business model. Interpretation: a tax or regulatory change in a country where it operates would hit profit and capital allocation.
1 more statement
AI regulatory compliance in the Responsible AI framework
The framework is described as ensuring compliance with regulatory requirements for generative AI adoption. Interpretation: new AI rules would raise governance and compliance cost for these offerings.

Sensitivities

4 verified
INR/USD exchange rate
Per the sensitivity table, a 1% rise in INR/USD changes profit before tax by 206 (FY2025: 49); a 1% fall reduces it by the same amount. Interpretation: a weaker rupee raises profit before tax.
Currency hedging of net exposure
Interpretation: the company hedges most of its net exposure in these currencies from India, which limits but does not remove the exchange-rate sensitivity.
Floating interest rates on borrowings
Interpretation: higher market rates raise interest cost on short-term floating rate debt; interest on borrowings was 800 Mn in FY2026 (FY2025: 871 Mn).
1 more statement
Global IT spending growth
Rising enterprise IT spending supports demand for services; a slowdown would reduce it. Interpretation: this is the direction the forecast implies.

Cost inputs

4 verified
Sub-contractor cost within professional charges
Sub-contractor cost of INR 18,186 Mn in FY2026, up from INR 10,529 Mn, reported within professional charges.
Third-party licence cost
Included within other production expenses of INR 12,045 Mn in FY2026 (FY2025: INR 9,149 Mn).
Amortisation of intangible assets
INR 2,999 Mn in FY2026 (FY2025: INR 2,115 Mn), part of total depreciation and amortisation of INR 6,819 Mn.
1 more statement
Travelling and conveyance
Expense of INR 1,852 Mn in FY2026 (FY2025: INR 1,677 Mn) in other expenses.

Geographies

2 verified
Europe, Middle East and Africa (EMEA) (33.6%)
Reportable segment with revenue of INR 47,425 Mn in FY2026 (FY2025: INR 40,680 Mn); segment-data share is 33.6%.
Planned expansion into ASEAN, ANZ and India
Stated strategy to build a more balanced revenue distribution across regions through delivery centres and local leadership.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (28 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 22 of 30 flags judged; no red flag; 8 could not be judged.
  • Data gapsPEG on our 3-year EPS growth, Business quality: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓74 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 40 verified

Questions people ask

What is Coforge's share price today?

Coforge last traded at ₹1,846.60 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.1% on the day, up 8.8% over a year. Its 52-week range is ₹1,008 to ₹2,021. The live price is in the app.

What is Coforge's market cap?

Coforge's market capitalisation is about ₹82,755 crore: what it would cost to buy every share at today's price. That makes it the 34th largest mid cap company we cover.

Is Coforge Ltd a large cap, mid cap or small cap?

Coforge Ltd (COFORGE) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Coforge Ltd's P/E ratio?

37.94, vs peers 23.3 · 13th of 15. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Coforge Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 37.9 vs peers 23.3 (13th of 15); P/B 4.6 vs peers 6.3 (5th of 15).

How does Coforge Ltd make money?

Coforge Limited is a global digital services and solutions provider offering IT and IT enabled services across multiple industries, and it does not manufacture or sell physical products. It earns mainly from software-related services billed on time-and-material, fixed-price and related contract types, mostly to corporations in the United States and Europe.

Who are Coforge Ltd's peers?

Compared with 14 Computers - Software & Consulting: Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, Tech Mahindra Ltd and 9 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Coforge do last quarter?

Coforge reported revenue of ₹5,528 Cr, up 35.9% on a year earlier and a net profit of ₹532 Cr, up 86.4% in the Jun 2026 quarter.

Who owns Coforge?

Coforge has no promoter holding; it is widely held.

Does Coforge pay a dividend?

Yes. Coforge's dividend yield is 1.42% at the latest price; the last payout was ₹4.00 a share, ex-dividend 3 Aug 2026.

What do analysts say about Coforge?

34 analysts cover Coforge, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Coforge, and 6,621 other companies, with 212 filters and the full peer tables

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