COFORGE · Coforge Ltd · Software & Programming
COFORGE · Coforge Ltd · Software & Programming
As of 05 Nov close
52-week range
1.9% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹5,528 Cr
Revenue YoY
PAT YoY
+63.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
20.3
P/S (TTM)
4.5
Sector P/E
25.5
Dividend yield
+0.7%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| COFORGE (this stock) | 27.5 | 20.3 | +10.3% | +19.8% | 0.08 | +0.7% |
| Tata Consultancy Services | 15.7 | 7.7 | +18.1% | +48.0% | 8.93 | +2.9% |
| Infosys | 13.5 | 6.1 | +16.4% | +33.2% | 0.1 | +4.6% |
| HCL Technologies | 16.7 | 7.4 | +13.0% | +23.2% | 0.07 | +5.0% |
Promoter
Not available from data source
FII
falling 1q
MF
30.00% (+0.22pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknownthehindubusinessline.com· 31 Oct 2026, 09:50 pmBandu’s Blockbusters for November 1, 2026
- unknowneconomictimes.indiatimes.com· 30 Oct 2026, 05:02 pmCoforge among 6 stocks hitting 52-week highs; rally up to 20% in a month - Fresh Peaks
- lowthehindubusinessline.com· 26 Oct 2026, 12:43 pmCoforge's shares rise up 2.51% at ₹1,948.20 around midday on Monday
- loweconomictimes.indiatimes.com· 26 Oct 2026, 09:57 amCoforge slips 3% even as Jefferies, Nomura, others raise targets after Q2 earnings. Why are they bullish?
- loweconomictimes.indiatimes.com· 26 Oct 2026, 06:00 amStocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
- mediumbusiness-standard.com· 23 Oct 2026, 01:34 pmMSCI India rejig: JM Financial sees 3 inclusions, 2 exits & $1.4 bn inflows
- lowthehindubusinessline.com· 16 Oct 2026, 06:57 amStock Market Today Live: Stock to buy today: Coforge (₹1,932.70)
- mediumsector policyeconomictimes.indiatimes.com· 14 Oct 2026, 06:18 amNifty IT surges 5.2% to log biggest single-day gain in 17 months
- loweconomictimes.indiatimes.com· 09 Oct 2026, 01:48 pmExplained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day
- mediumeconomictimes.indiatimes.com· 05 Oct 2026, 09:45 amIndian IT’s Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
- mediumeconomictimes.indiatimes.com· 01 Oct 2026, 05:17 pmInfosys, Wipro ADRs soar up to 8% as strong Accenture earnings forecast lifts mood
- loweconomictimes.indiatimes.com· 01 Oct 2026, 10:12 amAI pressure, client caution cloud Indian IT earnings in September quarter
- mediumcorporate actioneconomictimes.indiatimes.com· 29 Sept 2026, 09:06 amCoforge shares rise 2% after firm appoints Akhil Kumar Gupta as chairman post OP Bhatt’s abrupt resignation
- loweconomictimes.indiatimes.com· 17 Sept 2026, 08:41 amOracle Financial Services Software among 5 F&O stocks with sharp rise in futures open interest - Rise in OI
- mediumpromoter legaleconomictimes.indiatimes.com· 15 Sept 2026, 01:55 pmCoforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?
- lowlivemint.com· 14 Sept 2026, 09:24 pmCoforge tasks Egon Zehnder to find independent director as next board chair
- loweconomictimes.indiatimes.com· 14 Sept 2026, 09:20 amSamir Arora-backed Helios Mid Cap Fund exits Dixon Technologies, 2 others; adds 7 stocks
- lowbusiness-standard.com· 13 Sept 2026, 05:11 pmCoforge board flagged concerns over OP Bhatt before extension was rejected
- unknownbusiness-standard.com· 11 Sept 2026, 11:42 pmCoforge NRC chair resigns citing differences, tension between directors
- unknownthehindubusinessline.com· 11 Sept 2026, 07:29 amCoforge says Bhatt withheld low-rating finding from board
Concalls & investor presentations
AI-generatedKey takeaway: The document provides a notice regarding the availability of the transcript for Coforge Limited's conference call with analysts and investors, held on September 14, 2026. The transcript is accessible via the provided link. The notice is sent to the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Limited, as required under SEBI regulations. The document includes the company's contact details, registration information, and the digitally signed confirmation from the Company Secretary, Barkha Sharma, dated September 15, 2026.
The document is a routine compliance notice with no overtly positive or negative language.
Sourced from an exchange-filed transcript, dated 15 Sept 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Coforge Limited provided a transcript of its earnings conference call held on July 28, 2026, following the Board meeting for Q1 FY27. The document was submitted to the BSE and NSE as part of compliance with SEBI regulations. The transcript is accessible through a provided link for stakeholders to review the details discussed during the call.
The document presented factual information regarding the earnings conference call and compliance with regulatory requirements.
Sourced from an exchange-filed transcript, dated 29 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Coforge Limited submitted an investor presentation for its Investor Day 2026, which has been made available on the company's website. The document serves as an official communication under the SEBI Listing Regulations, informing the stock exchanges and members about the presentation. The communication was signed by Barkha Sharma, the Company Secretary and Compliance Officer, and includes details such as the company's registered office and contact information.
The document provided factual information regarding the investor presentation without emphasizing any particular aspect.
Sourced from an exchange-filed presentation, dated 16 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Coforge Limited provided a transcript of its earnings conference call held on May 5, 2026, following the Board meeting for Q4 FY26. The document included details regarding the call's availability and compliance with SEBI regulations. Management communicated the link to access the transcript for stakeholders. The communication was signed by Barkha Sharma, the Company Secretary and Compliance Officer.
The document presented factual information regarding the earnings conference call without emphasizing any particular sentiment.
Sourced from an exchange-filed transcript, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedCoforge Limited (COFORGE) reported a 24.6% increase in consolidated revenues to Rs. 80,146 million in FY2023, driven by BFS (47.0% growth) and TTH (21.5% growth) verticals. Net profits rose 22.7% to Rs. 8,117 million, with a net margin of 10.1%. The company maintained strong attrition rates (14.1% LTM) and added 724 employees, reaching a total headcount of 23,224. The auditor highlighted key audit matters, including the recoverability of trade receivables and unbilled revenue from government customers, and the adequacy of internal financial controls. No material defaults, regulatory actions, or liquidity issues were disclosed.
- Revenues grew 24.6% YoY to Rs. 80,146 million in FY2023, with BFS vertical contributing 30.7% of total revenue.
- Net profits increased 22.7% to Rs. 8,117 million, with a net margin of 10.1%.
- Attrition rate improved to 14.1% LTM as of March 31, 2023, the best in the IT industry.
- Key audit matters include recoverability of government-related trade receivables and adequacy of internal controls.
Key takeaway: Coforge Limited delivered strong revenue and profit growth in FY2023, with improved attrition and employee additions, but key audit risks related to government receivables and internal controls require close monitoring.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
Coforge faces a risk of regulatory penalties under GDPR, the DPDP Act, and other regulations due to potential cybersecurity incidents or data-protection breaches.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has contingent liabilities amounting to INR 2,938 million as part of the amalgamation with Cigniti, including provisions, lease liabilities, acquired liabilities, and deferred tax liabilities.
Earlier (1-3 years ago)
Coforge Limited faces litigation with customers over a security incident involving a client's database, with the company denying responsibility and the liability amount not yet determined.
Coforge Limited has contingent liabilities in respect of claims against the Company not acknowledged as debts as of 31 March 2024.
The company has contingent liabilities related to income tax matters pending disposal by tax authorities, including demands from Indian Income Tax authorities on transfer pricing and tax holiday availment as of 31 March 2023.
Older (3+ years ago)
The company has contingent liabilities related to claims not acknowledged as debts and legal proceedings arising in the ordinary course of business, though management does not expect a material adverse effect.
Statutory dues in dispute
5 occurrencesRecent (last 12 months)
The company has not deposited income tax dues for Assessment Years 2015-16 to 2022-23, with amounts pending before various tax authorities, including Rs. 1,365.1 million in interest for Assessment Year 2022-23 at the Income Tax Appellate Tribunal (ITAT).
Earlier (1-3 years ago)
The company has outstanding income tax dues for multiple assessment years, with disputes pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals), amounting to INR 1,365.1 million as of the year-end.
The company has outstanding income tax dues of Rs 48.43 million, Rs 153.06 million, Rs 9.22 million, and associated interest amounts for Assessment Years 2006-07 to 2013-14, with disputes pending before the High Court and Income Tax Appellate Tribunal.
The company has not deposited income tax dues for the years 2006-07 to 2013-14, with amounts ranging from Rs 9.22 million to Rs 153.06 million, and disputes are pending before the High Court and Income Tax Appellate Tribunal.
Older (3+ years ago)
The company has outstanding income tax dues for Assessment Years 2006-07 to 2009-10, with amounts ranging from Rs. 9.22 million to Rs. 153.06 million, disputes pending in the High Court.
Management & Board Governance
1 occurrenceRecent (last 12 months)
Gautam Samanta resigned as a member of the CSR & ESG Committee during the last financial year 2026.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.57% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).