Coforge Limited (COFORGE) AI Stock Analysis

• Market Cap: ₹554.76B
• Dividend Yield: 0.93%
• Average Volume (3M): 66.38K
• Price to Earnings (P/E): 55.6
• Beta (1Y): 1.28
• Revenue Growth: 44.02%
• EPS Growth: 18.92%
• Country: IN
• Employees: 13,297
• Sector: Technology
• Sector Strength: 82
• Industry: Information Technology Services
• EPS (TTM): 9.00
• Shares Outstanding: 334,536,560
• 10 Day Avg. Volume: 43,805
• 30 Day Avg. Volume: 66,383
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,955.88
• Price Target Upside: 17.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 66 Neutral
• Price Target: ₹1,842.00 ▲(11.08% Upside)

Coforge Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and profitability. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests overvaluation, which tempers the overall score.

Coforge Limited Business Overview & Revenue Model

Company Description

Coforge Limited is a global digital services and solutions provider, primarily operating in the IT services sector. The company focuses on helping organizations transform their businesses through innovative solutions, specializing in areas such as digital process transformation, cloud services, and data management. Coforge serves a diverse range of industries including banking and financial services, insurance, travel, transportation, and hospitality.

How the Company Makes Money

Coforge Limited generates revenue primarily through providing IT services and solutions to its clients. The company's revenue model is based on a combination of project-based fees, managed services contracts, and long-term service agreements. Key revenue streams include application development and maintenance, infrastructure management, and business process outsourcing. Coforge leverages strategic partnerships with leading technology providers and platforms to enhance its service offerings and expand its market reach. The company's earnings are significantly influenced by its ability to deliver operational efficiencies and create value for its clients through technology-driven solutions.

Coforge Limited Financial Statement Overview

Summary

Coforge Limited demonstrates strong financial performance with impressive revenue growth, robust profit margins, and a solid balance sheet. The company has low leverage and strong cash flow generation, indicating efficient financial management and a solid foundation for future growth.

Income Statement

Coforge Limited has shown strong revenue growth with a CAGR of around 25% over the past five years, which is impressive. The company's gross profit margin remained robust at around 40% in the latest fiscal year, indicating efficient cost management and pricing power. Net profit margin has been stable, averaging around 8% in recent years. Both EBIT and EBITDA margins are healthy, showcasing operational efficiency and profitability.

Balance Sheet

The balance sheet is solid with a debt-to-equity ratio of approximately 0.17, signifying low leverage and prudent financial management. Return on Equity has been consistently strong, reflecting effective use of shareholders' capital. The equity ratio indicates a strong capital base, though the company’s cash position has varied significantly, suggesting possible liquidity management considerations.

Cash Flow

Coforge Limited demonstrates a strong cash flow position with consistent operating cash flow growth, suggesting efficient conversion of revenue into cash. Free cash flow has fluctuated but remains positive, supporting ongoing investments and shareholder returns. The operating cash flow to net income ratio is healthy, indicating solid cash generation relative to profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	121.91B	120.51B	91.79B	80.15B	64.32B	46.63B
Gross Profit	46.59B	48.16B	36.08B	31.32B	24.40B	16.79B
EBITDA	18.08B	17.34B	14.61B	12.73B	11.41B	7.85B
Net Income	8.12B	8.12B	8.08B	6.94B	6.62B	4.56B
Balance Sheet
Total Assets	124.91B	124.91B	61.08B	56.83B	49.54B	35.13B
Cash, Cash Equivalents and Short-Term Investments	10.29B	10.29B	3.35B	5.76B	4.54B	8.23B
Total Debt	10.70B	10.70B	7.26B	5.62B	4.90B	826.00M
Total Liabilities	41.62B	41.62B	23.81B	25.14B	21.23B	10.47B
Stockholders Equity	63.79B	63.79B	36.27B	30.82B	27.33B	24.66B
Cash Flow
Free Cash Flow	0.00	6.23B	6.38B	7.92B	6.12B	6.84B
Operating Cash Flow	0.00	12.37B	9.03B	9.51B	7.66B	7.62B
Investing Cash Flow	0.00	-24.48B	-2.48B	-2.72B	-9.56B	-2.35B
Financing Cash Flow	0.00	16.75B	-8.87B	-5.58B	-1.56B	-5.53B

Coforge Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1658.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COFORGE, the sentiment is Negative. The current price of 1658.3 is below the 20-day moving average (MA) of 1693.46, below the 50-day MA of 1776.84, and below the 200-day MA of 1683.71, indicating a bearish trend. The MACD of -8.49 indicates Negative momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 19.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:COFORGE.

Coforge Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTIM	74 Outperform	₹1.54T	32.55		2.12%	7.64%	3.35%
MPHASIS	73 Outperform	₹531.64B	30.48		2.04%	8.11%	10.73%
PERSISTENT	72 Outperform	₹802.24B	52.31		0.68%	22.44%	26.98%
KPITTECH	71 Outperform	₹337.76B	41.46		0.69%	17.09%	21.20%
COFORGE	66 Neutral	₹554.76B	55.62		0.93%	44.02%	18.92%
Sector *	61 Neutral	$35.55B	8.88	-11.02%	1.87%	8.55%	-8.14%
LTTS	61 Neutral	₹436.70B	34.38		1.34%	12.91%	-2.97%

Coforge Limited Corporate Events

Coforge Limited Announces Executive Director Resignation

Coforge Limited announced the resignation of Mr. Gautam Samanta as Executive Director, effective October 10, 2025, as he pursues other opportunities. This change in leadership may impact the company’s strategic direction and operations, potentially influencing its market positioning and stakeholder relations.

Coforge Limited Releases Q1 FY26 Earnings Call Transcript

Coforge Limited announced the availability of the transcript for its Q1 FY26 earnings conference call, held after the board meeting on July 24, 2025. This release is part of the company’s compliance with SEBI regulations and provides stakeholders with insights into the company’s financial performance and strategic direction.