Coforge Ltd.

NSE: COFORGE · Information Technology

₹2,076.00-0.14%06 Nov 2026

Ask the data

Instant answers about Coforge Ltd. — computed from its filings, no language model

Market cap₹91,967 cr

Current price₹2,076.00

High / Low₹2,099 / ₹1,074

P/E47.7

P/B4.11

Book value₹504.8

ROE8.6%

ROCE9.9%

Debt / equity0.25

Dividend yield0.59%

EPS (TTM)₹43.55

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,991	3,676	4,184	4,663	6,432	8,015	9,179	12,051	16,403
EBITDA	501	648	723	780	1,102	1,281	1,428	1,694	2,936
Operating margin	16.8%	17.6%	17.3%	16.7%	17.1%	16.0%	15.6%	14.1%	17.9%
Interest	9	9	16	14	65	81	126	135	169
Depreciation	127	125	173	184	227	258	319	428	682
Profit before tax	404	562	595	596	862	951	1,045	1,296	1,933
Tax	95	140	128	130	147	206	209	333	258
Net profit	280	403	444	456	662	694	808	812	1,566
EPS ₹	45.63	65.49	71.39	74.68	109.02	113.77	131.56	123.01	46.44
Operating cash flow	—	—	—	—	766	950	903	1,237	1,792
Capex	—	—	—	—	154	158	266	614	742
Dividend paid	—	—	—	—	375	428	478	510	543
Total assets	2,670	—	3,440	3,503	4,954	5,683	6,108	12,491	14,881
Equity	1,774	—	2,396	2,466	2,733	3,082	3,627	6,379	9,538

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	MAR '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25*	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	789	907	972	972	1,038	1,073	1,109	1,057	1,154	1,191	1,262	1,462	1,569	1,658	1,743	1,829	1,959	2,056	2,170	2,221	2,276	2,323	2,358	2,401	3,062	3,318	92	3,689	3,986	4,188	4,450	5,528	6,171
Operating profit	145	164	181	172	192	195	198	170	199	202	210	211	275	303	312	289	337	360	296	306	341	395	386	293	412	443	84	577	732	730	876	1,058	1,223
Operating margin	18.4%	18.1%	18.7%	17.6%	18.4%	18.1%	17.9%	16.0%	17.2%	16.9%	16.6%	14.5%	17.5%	18.3%	17.9%	15.8%	17.2%	17.5%	13.6%	13.8%	15.0%	17.0%	16.4%	12.2%	13.5%	13.4%	91.6%	15.6%	18.4%	17.4%	19.7%	19.1%	19.8%
Other income	15	23	2	7	10	15	22	8	4	5	16	16	8	5	23	14	14	32	3	16	9	15	10	25	56	60	-28	19	38	14	22	27	24
Interest	3	2	2	3	4	3	5	4	4	3	3	12	16	18	18	18	21	22	20	22	32	35	37	32	30	32	7	46	41	42	40	87	108
Depreciation	30	32	31	30	45	45	43	46	46	46	45	52	60	57	58	63	61	62	72	76	77	81	85	82	124	127	-1	159	172	171	180	241	285
Profit before tax	126	153	150	140	153	162	159	109	152	157	178	163	206	233	259	221	268	307	155	224	241	294	286	205	314	343	50	365	558	384	625	702	799
Tax	29	36	44	30	28	34	35	26	30	33	41	32	45	36	34	49	47	72	38	48	53	52	56	65	80	87	0	79	133	88	-41	170	194
Net profit	86	112	100	106	120	128	114	80	121	122	133	124	147	184	208	150	201	295	115	165	0	256	224	133	202	216	46	349	376	250	572	519	588
EPS ₹	14.02	18.17	16.27	17.07	19.25	19.75	18.18	12.82	19.93	20.14	21.95	20.40	24.21	30.27	34.10	24.57	33.00	37.41	18.80	27.06	29.59	38.63	36.21	20.93	30.32	32.26	6.76	9.47	11.21	7.45	18.23	12.34	13.27
Revenue YoY	—	—	—	23.3%	14.4%	10.5%	14.1%	—	11.1%	10.9%	13.7%	38.3%	36.0%	39.3%	38.2%	25.2%	24.9%	24.0%	24.5%	21.4%	16.2%	13.0%	8.7%	8.1%	34.5%	42.8%	-96.1%	53.6%	30.2%	26.2%	4753.2%	49.9%	54.8%
Profit YoY	—	—	—	22.5%	6.9%	28.2%	7.7%	—	1.0%	-5.1%	17.1%	54.7%	21.5%	50.6%	56.2%	21.1%	37.1%	60.7%	-44.7%	10.4%	-100.0%	-13.2%	94.9%	-19.4%	—	-15.9%	-79.6%	162.0%	85.9%	16.1%	1152.1%	48.6%	56.5%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Coforge Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	502	494	729	827	1,108	1,308	1,346	1,468	1,595
Operating profit	80	114	135	170	234	240	229	270	279
Operating margin	16.0%	23.1%	18.4%	20.6%	21.1%	18.3%	17.0%	18.4%	17.5%
Other income	48	11	23	20	33	74	22	41	34
Interest	1	0	0	1	1	2	3	3	3
Depreciation	30	25	23	24	40	42	67	83	91
Profit before tax	98	101	134	166	226	271	168	224	197
Tax	10	6	11	53	59	62	20	30	32
Net profit	88	95	123	113	168	208	148	194	165

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	117	118	124	124	134	128	115	116	118	129	130	186	204	174	165	176	191	218	242	244	256	287	322	324	334	328	322	332	319	332	363	362	373	381	352	368	386	383	458	405	419	412
Operating profit	33	32	28	31	32	20	-3	16	33	35	30	36	32	36	30	31	43	44	52	42	52	67	73	60	63	64	53	58	61	67	44	73	65	79	53	62	54	54	109	65	64	69
Operating margin	27.9%	27.2%	22.7%	25.1%	23.8%	15.5%	-2.4%	13.9%	27.6%	27.4%	23.1%	19.5%	15.6%	20.6%	18.4%	17.6%	22.6%	20.1%	21.6%	17.2%	20.4%	23.5%	22.6%	18.4%	19.0%	19.4%	16.6%	17.4%	19.1%	20.0%	12.0%	20.3%	17.4%	20.7%	15.0%	16.8%	13.9%	14.0%	23.8%	16.0%	15.2%	16.8%
Other income	7	6	33	5	8	2	33	2	2	1	6	2	4	3	14	2	3	17	-2	28	-6	13	-3	57	23	-2	-4	13	1	5	3	32	3	3	4	14	5	6	8	83	15	3
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	2	1	1	0	1	0	1	1	1	2	1
Depreciation	6	6	7	8	7	7	7	6	6	6	6	6	5	5	7	5	6	6	7	9	10	10	11	10	10	11	11	15	18	17	17	19	19	21	23	22	23	23	23	22	21	20
Profit before tax	34	32	54	28	32	15	23	12	28	30	30	32	30	34	38	28	40	55	43	61	37	71	59	106	76	51	38	55	68	54	-9	84	47	59	33	17	36	36	108	125	56	51
Tax	2	3	-0	3	3	3	1	2	2	1	1	4	4	4	0	10	12	17	13	16	9	21	12	24	20	11	7	10	10	10	-9	12	6	10	2	-4	7	7	21	20	10	11
Net profit	31	29	55	24	29	12	23	10	26	29	30	29	27	30	38	17	28	38	30	44	28	49	46	81	56	40	31	45	58	44	0	72	41	49	31	21	29	28	87	105	46	40
EPS ₹	5.30	4.86	9.30	4.16	5.00	2.05	3.86	1.75	4.40	4.96	5.03	4.90	4.55	5.09	6.37	2.91	4.74	6.33	5.06	7.43	4.65	8.19	7.69	13.46	9.34	6.54	5.16	7.38	9.57	7.28	0.04	11.84	6.74	8.03	5.15	3.50	4.67	4.61	14.11	17.09	7.44	6.43
Revenue YoY	—	—	—	—	14.1%	8.4%	-6.8%	-6.3%	-12.3%	0.8%	12.7%	60.1%	73.3%	34.6%	26.7%	-5.5%	-6.4%	25.5%	46.8%	38.3%	34.3%	31.2%	32.9%	33.1%	30.2%	14.6%	0.1%	2.3%	-4.4%	1.2%	12.7%	9.1%	16.7%	14.7%	-2.9%	1.7%	3.5%	0.5%	30.1%	10.0%	8.6%	7.6%
Profit YoY	—	—	—	—	-5.7%	-57.9%	-58.4%	-57.9%	-11.2%	142.4%	30.4%	179.8%	2.9%	3.1%	27.0%	-40.2%	4.8%	25.3%	-19.7%	157.6%	-0.6%	30.9%	53.4%	82.8%	102.0%	-19.6%	-32.5%	-44.8%	3.1%	11.9%	-99.1%	61.2%	-29.2%	10.7%	11142.9%	-70.4%	-30.5%	-42.3%	175.0%	390.2%	59.6%	39.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	18.4%	18.5%	18.2%	18.5%	20.2%	21.3%	23.8%	24.2%	25.2%	26.2%	30.2%	24.7%	25.2%	17.3%	16.1%	17.8%	16.9%	13.6%	13.0%	9.4%	12.7%	14.3%	14.8%	16.2%	18.0%	8.6%
ROCE	24.9%	24.9%	24.7%	24.7%	27.3%	30.0%	33.7%	30.0%	32.1%	31.0%	33.3%	30.2%	30.4%	23.9%	23.9%	28.8%	28.6%	18.4%	19.1%	14.3%	16.8%	19.2%	19.9%	21.1%	24.9%	9.9%
Net margin	10.3%	10.1%	9.7%	9.8%	9.9%	9.6%	9.9%	10.3%	10.1%	10.3%	11.3%	9.5%	9.2%	6.6%	6.0%	7.0%	6.5%	8.0%	7.0%	6.7%	8.0%	8.9%	8.5%	9.5%	9.5%	9.5%
EBITDA margin	17.6%	17.3%	17.0%	16.7%	16.2%	16.4%	16.8%	17.1%	17.3%	17.3%	17.1%	16.0%	15.4%	14.9%	14.9%	15.6%	15.1%	14.6%	13.8%	13.9%	14.9%	16.6%	17.8%	17.9%	18.7%	19.1%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.13	0.21	0.21	0.11	0.11	0.28	0.28	0.12	0.12	0.12	0.12	0.11	0.11	0.09	0.09	0.04	0.04	0.25
Interest coverage	37.19	38.10	35.97	42.69	29.91	21.12	16.65	14.25	13.86	13.88	14.29	12.80	12.32	10.76	9.45	9.32	8.54	9.17	9.66	9.88	10.22	11.39	11.00	12.46	11.86	10.09
Asset turnover	1.24	1.28	1.31	1.33	1.45	1.57	1.70	1.30	1.37	1.34	1.42	1.41	1.48	1.43	1.48	1.50	1.53	0.84	0.92	0.71	0.81	0.82	0.88	1.10	1.22	0.58

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 14 periods

	MAR '17‡	MAR '18‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	61	62	62	61	61	61	61	62	62	67	67	67	67	89
Other equity / reserves	1,625	1,712	2,334	2,406	2,672	2,767	3,021	3,266	3,565	5,912	6,312	6,828	9,470	22,273
Total equity	1,686	1,774	2,396	2,466	2,733	2,828	3,082	3,327	3,627	5,978	6,379	6,895	9,538	22,362
Borrowings	21	18	5	1	354	584	338	942	437	718	700	608	400	5,646
Current liabilities	448	585	794	842	1,179	1,693	1,739	1,834	1,532	3,406	2,738	2,877	3,669	5,755
Non-current liabilities	288	289	249	195	944	739	774	823	849	737	1,382	1,790	1,531	6,488
Total assets	2,446	2,670	3,440	3,503	4,954	5,350	5,683	6,085	6,108	12,127	12,491	13,590	14,881	34,780
Property, plant & equipment	480	450	401	360	445	439	682	728	447	508	768	1,242	942	943
Capital work-in-progress	0	1	0	0	9	9	5	6	23	19	2	17	3	5
Investments	—	—	—	—	—	0	0	0	0	3	146	41	98	6
Inventories	0	0	—	—	—	0	0	0	0	0	0	0	0	0
Receivables	476	591	856	1,227	1,558	1,868	1,790	2,308	1,950	408	2,968	3,805	4,818	5,775
Cash & equivalents	350	410	820	800	447	377	570	326	321	2,397	796	518	1,094	1,822

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 8 periods

	FY17‡	FY18‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	472	382	762	766	950	903	1,237	1,792
Cash from investing	-306	-270	-93	-956	-272	-248	-2,448	-435
Cash from financing	-67	-74	-696	-156	-558	-887	1,675	-1,094
Capex	87	89	78	154	158	266	614	742
Free cash flow	385	294	684	612	792	638	623	1,049
Dividends paid	74	81	69	375	428	478	510	543

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹943 cr3%

CWIP

₹5 cr0%

Investments

₹6 cr0%

Receivables

₹5,775 cr17%

Cash & equivalents

₹1,822 cr5%

Other assets

₹26,228 cr75%

Peer comparison

largest in Information Technology · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Tata Consultancy Services Ltd.	9,04,457	2,498.50	17.5	7.60	43.4%
Infosys Ltd.	4,78,703	1,181.40	15.6	4.83	31.0%
HCL Technologies Ltd.	3,90,960	1,440.00	21.3	5.14	24.1%
Wipro Ltd.	1,96,119	198.00	14.9	2.48	16.7%
Tech Mahindra Ltd.	1,62,227	1,831.00	35.2	5.47	15.5%
LTM Ltd.	1,28,405	4,338.00	24.6	4.96	20.2%
Persistent Systems Ltd.	95,494	6,053.50	72.3	11.12	15.4%
Coforge Ltd.	91,967	2,076.00	47.7	4.11	8.6%
Oracle Financial Services Software Ltd.	89,075	10,215.00	25.0	11.59	46.4%
MphasiS Ltd.	48,121	2,520.00	24.0	4.46	18.5%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+13.9%

6 months+61.5%

1 year+15.5%

3Y CAGR+26.6%

5Y CAGR+14.6%

10Y CAGR+38.3%

50-day avg₹1,902.42

200-day avg₹1,550.06

RSI (14)64

Compare Coforge Ltd. with

Tech Mahindra vs Coforge LTM vs Coforge Persistent Systems vs Coforge Coforge vs Oracle Financial Services Software

FAQs

What is the share price of Coforge Ltd.?

Coforge Ltd. (COFORGE) closed at ₹2,076.00 on NSE on 06 Nov 2026.

What is the market cap of Coforge Ltd.?

₹91,967 crore at the latest close.

What is the P/E ratio of Coforge Ltd.?

47.7, on trailing-twelve-month earnings from its filings.

How fast is Coforge Ltd. growing?

Coforge Ltd.: revenue has compounded at 27.0% a year over three years; net profit at 31.2% a year. Latest-quarter revenue is up 54.8% year on year, profit up 56.5%.

How profitable is Coforge Ltd.?

On a trailing-twelve-month basis return on equity is 8.6%, return on capital employed 9.9%, operating margin 19.1%, net margin 9.5%.

How much debt does Coforge Ltd. have?

Coforge Ltd. is lightly geared: debt to equity is 0.25 with borrowings of ₹5,646 cr against cash of ₹1,822 cr (balance sheet of 2026-09-30). Operating profit covers interest 10.1 times.

Financials parsed from Coforge Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.