COFORGE

Coforge Limited

Digital engineering and cloud services for banking, insurance and healthcare clients

Information Technology›Information Technology›IT - Software›Computers - Software & Consulting

coforge.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1951.90
Market cap
86,372 Cr
Stock P/E
49.4
P/B
6.88
Dividend yield
0.6%
ROE (FY26)
16.2%
ROCE (FY26)
21.5%
Operating margin (FY26)
13.7%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
61.0%
OCF / EBITDA (3Y)
64.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Coforge provides IT and digital engineering services to enterprises, building and running software, data, cloud and AI systems for clients in banking and financial services, insurance, healthcare, travel and other sectors.

Company snapshot

8thBy market cap

Ranked among 50 companies in Computers - Software & Consulting.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 54.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Americas
54.0%
4,743 Cr779 Cr—
Asia Pacific
7.1%
625 Cr28 Cr—
Europe, Middle East and Africa
35.3%
3,096 Cr497 Cr—
India
3.6%
317 Cr-32 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.04x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,276 Cr2,323 Cr2,359 Cr2,401 Cr3,062 Cr3,318 Cr3,410 Cr3,689 Cr3,986 Cr4,188 Cr4,450 Cr5,528 Cr
Operating expenses (approx.)1,935 Cr1,928 Cr1,973 Cr2,108 Cr2,650 Cr2,875 Cr2,883 Cr3,112 Cr3,253 Cr3,458 Cr3,574 Cr4,470 Cr
EBITDA341 Cr395 Cr386 Cr293 Cr412 Cr443 Cr527 Cr577 Cr733 Cr730 Cr877 Cr1,058 Cr
OPM %15.0%17.0%16.4%12.2%13.5%13.4%15.5%15.6%18.4%17.4%19.7%19.1%
Other income9 Cr15 Cr10 Cr25 Cr56 Cr60 Cr31 Cr19 Cr39 Cr14 Cr22 Cr27 Cr
Interest32 Cr35 Cr37 Cr33 Cr30 Cr33 Cr40 Cr46 Cr41 Cr42 Cr40 Cr87 Cr
Depreciation77 Cr81 Cr85 Cr82 Cr124 Cr127 Cr125 Cr159 Cr172 Cr171 Cr180 Cr241 Cr
Profit before tax241 Cr294 Cr286 Cr205 Cr314 Cr343 Cr395 Cr436 Cr558 Cr384 Cr625 Cr702 Cr
Tax %21.9%17.5%19.7%31.9%25.5%25.5%22.1%18.2%23.8%22.8%-6.6%24.3%
Net profit188 Cr243 Cr229 Cr139 Cr234 Cr256 Cr307 Cr356 Cr425 Cr297 Cr666 Cr532 Cr
EPS (₹)₹29.59₹38.63₹36.21₹20.93₹30.32₹32.26₹39.02₹9.47₹11.21₹7.45₹18.23₹12.34

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,802 Cr2,991 Cr3,676 Cr4,184 Cr4,663 Cr6,432 Cr8,015 Cr9,179 Cr12,051 Cr16,403 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,323 Cr2,490 Cr3,028 Cr3,461 Cr3,883 Cr5,330 Cr6,734 Cr7,751 Cr10,357 Cr13,467 CrSign in free for the trailing twelve months
EBITDA480 Cr501 Cr649 Cr723 Cr780 Cr1,102 Cr1,281 Cr1,428 Cr1,694 Cr2,936 CrSign in free for the trailing twelve months
OPM %17.1%16.8%17.6%17.3%16.7%17.1%16.0%15.6%14.1%17.9%Sign in free for the trailing twelve months
Other income27 Cr39 Cr54 Cr68 Cr33 Cr52 Cr62 Cr50 Cr165 Cr73 CrSign in free for the trailing twelve months
Interest6 Cr9 Cr9 Cr16 Cr14 Cr65 Cr81 Cr126 Cr135 Cr169 CrSign in free for the trailing twelve months
Depreciation128 Cr127 Cr125 Cr173 Cr184 Cr227 Cr259 Cr319 Cr428 Cr682 CrSign in free for the trailing twelve months
Profit before tax351 Cr404 Cr562 Cr595 Cr596 Cr862 Cr951 Cr1,045 Cr1,269 Cr2,003 CrSign in free for the trailing twelve months
Tax %22.4%23.5%24.9%21.5%21.8%17.0%21.7%20.0%26.2%12.9%Sign in free for the trailing twelve months
Net profit272 Cr309 Cr422 Cr468 Cr466 Cr715 Cr745 Cr836 Cr936 Cr1,745 CrSign in free for the trailing twelve months
EPS (₹)₹40.80₹45.63₹65.49₹71.39₹74.68₹109.02₹113.77₹131.56₹123.01₹46.44Sign in free for the trailing twelve months
Dividend payout %————14.7%52.4%57.5%57.2%54.4%31.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital61 Cr62 Cr62 Cr63 Cr61 Cr61 Cr61 Cr62 Cr67 Cr67 Cr
Reserves1,625 Cr1,713 Cr2,011 Cr2,334 Cr2,406 Cr2,672 Cr3,021 Cr3,565 Cr6,312 Cr9,470 Cr
Borrowings21 Cr18 Cr10 Cr5 Cr0.50 Cr490 Cr338 Cr437 Cr701 Cr400 Cr
Other liabilities714 Cr856 Cr784 Cr1,039 Cr1,047 Cr1,633 Cr2,175 Cr1,944 Cr3,461 Cr4,801 Cr
Total liabilities2,446 Cr2,670 Cr2,873 Cr3,440 Cr3,513 Cr4,954 Cr5,683 Cr6,108 Cr12,491 Cr14,881 Cr
Fixed assets (net)480 Cr450 Cr419 Cr401 Cr390 Cr593 Cr682 Cr447 Cr768 Cr943 Cr
CWIP—0.70 Cr1 Cr0.30 Cr0.20 Cr9 Cr5 Cr23 Cr2 Cr3 Cr
Investments316 Cr365 Cr365 Cr14 Cr12 Cr0 Cr0 Cr0 Cr146 Cr98 Cr
Inventories0.30 Cr0.30 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables468 Cr586 Cr588 Cr857 Cr890 Cr1,389 Cr1,613 Cr1,804 Cr2,577 Cr3,970 Cr
Cash & bank350 Cr410 Cr508 Cr820 Cr800 Cr447 Cr570 Cr321 Cr796 Cr1,094 Cr
Other assets831 Cr858 Cr992 Cr1,349 Cr1,421 Cr2,517 Cr2,814 Cr3,512 Cr8,202 Cr8,774 Cr
Total assets2,446 Cr2,670 Cr2,873 Cr3,440 Cr3,513 Cr4,954 Cr5,683 Cr6,108 Cr12,491 Cr14,881 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity472 Cr—453 Cr297 Cr762 Cr766 Cr951 Cr903 Cr1,237 Cr1,792 Cr
Cash from investing-306 Cr—-230 Cr112 Cr-235 Cr-956 Cr-272 Cr-248 Cr-2,448 Cr-435 Cr
Cash from financing-67 Cr—-106 Cr-133 Cr-553 Cr-156 Cr-558 Cr-887 Cr1,675 Cr-1,094 Cr
Net cash flow99 Cr—116 Cr300 Cr-20 Cr-353 Cr123 Cr-249 Cr474 Cr298 Cr
Free cash flow (OCF − Capex)385 Cr—382 Cr224 Cr684 Cr612 Cr792 Cr638 Cr623 Cr1,049 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.6%22.8%27.4%25.4%24.8%27.9%29.4%28.1%15.5%21.5%
ROE %14.6%17.2%19.4%18.5%18.5%23.4%21.9%21.7%9.8%16.2%
Debtor days61715875697973727888
Inventory days0000000000
Days payable1618162327352932300
Cash conversion cycle45544252434444404888
OCF / EBITDA %98.5%—69.8%41.0%97.8%69.5%74.2%63.3%73.0%61.0%
OCF / EBITDA % (3 years)————70.3%70.1%78.4%68.7%70.2%64.9%
Debt / equity0.010.010.00480.00200.00020.180.110.120.110.04
Current ratio3.262.773.082.712.531.781.511.701.591.61
Net debt / EBITDA-0.69—-0.77-1.13-1.030.04-0.180.08-0.06-0.24