āagman

Not investment advice. Data and computed figures, for information only.

Coforge Ltd

NSE: COFORGEF&O
₹1,934.30
+₹6.30 (+0.33%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹82,755 Cr
CMP
₹1,934.30
52-wk High / Low
₹2,021 / 1,008
P/E
43.2
P/B
6.6
Book Value
₹284.0
Div Yield
0.64%
ROCE
24.0%
ROE
21.4%
Face Value
₹2
D/E
0.08

Price+12.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹544
√(22.5 × EPS × book value per share)
ROIC
19.1%
vs 13.5% sector median
Cash flow to profit
1.03
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+356
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
15.5%
ROE × earnings retention ratio
ROE stability
4.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −6.35DII −13.56
Latest quarter vs the previous one
Cash-accrual divergence
−0.3%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.3x)
+Price is within 10% of its 52-week high (-4.3%)
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Borrowings are up 7180% since FY2016 (10 to 728)
−Promoter holding fell by 30.2pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,2212,2762,3232,3182,3573,0263,2583,4223,7043,9864,2324,4505,528
Expenses1,9151,9351,9281,9292,0482,6032,8232,8953,1273,2533,5083,5744,470
Operating Profit3063413953903094234355275777327238761,058
OPM %13.8%15.0%17.0%16.8%13.1%14.0%13.4%15.4%15.6%18.4%17.1%19.7%19.1%
Other Income169151464256336438−127−32−28
Interest22323537323032404641424087
Depreciation7677817972114116125159172171180241
Profit before tax224241294288211320343395436558384625702
Net Profit176188243229139234256307356425297666532
EPS (₹)5.415.887.717.243.996.066.457.819.4911.237.4718.2311.71

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3722,6882,8022,9913,6764,1844,6636,4328,0159,00912,07316,40318,195
Expenses2,0362,2142,3222,4893,0263,4593,8825,3306,7337,56210,38013,46714,805
Operating Profit3374744805026507257811,1021,2821,4471,6942,9363,390
OPM %14.2%17.6%17.1%16.8%17.7%17.3%16.7%17.1%16.0%16.1%14.0%17.9%18.6%
Other Income−642043846591352832137−83−148
Interest6869916146581126135169209
Depreciation92121128127125173184227258297428682764
Profit before tax1763653514045625955968629511,0561,2692,0032,270
Net Profit1222872723094224684667157458369361,7451,920
EPS (₹)3.748.838.159.1213.0614.2115.0421.7322.7226.1424.2946.3348.64

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital616161626262616161626767—
Reserves1,2961,5111,6251,7122,0102,3342,4062,6723,0213,5656,3129,470—
Borrowings91025221435834905627261,070728—
Other Liabilities6117026958287489689351,6551,9801,7084,8234,581—
Total Liabilities1,9772,2852,4072,6242,8343,4003,4844,8785,6256,06112,27214,846—
Fixed Assets5589038488798191,0791,0212,0672,3122,3536,0966,760—
CWIP12017011001752323—
Investments557531636536514120001460—
Other Assets1,2431,2911,2441,3791,6492,3072,4512,7943,3093,6856,0288,083—
Total Assets1,9772,2852,4072,6242,8343,4003,4844,8785,6256,06112,27214,846—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1452583604723824532977627669509031,2371,792
Cash from Investing Activity−78−184−223−343−248−237136−86−963−269−265−2,438−400
Cash from Financing Activity−53−66−73−67−74−106−133−696−156−558−8871,675−1,094
Net Cash Flow147646260109300−20−353123−249474298

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %26.019.025.023.023.030.027.025.032.031.029.020.024.0
ROE %————————————21.4
EPS (₹)7.603.748.838.159.1213.0614.2115.0421.7322.7226.1424.2946.33
Book Value (₹)————————————284.0
Face Value (₹)————————————2
P/E————————————43.2
Div Yield %————————————0.64
NPM %10.35.310.69.710.211.311.010.011.09.39.27.710.7
OPM %15.014.018.017.017.018.017.017.017.016.016.014.018.0
D/E0.010.010.010.010.010.010.010.030.180.180.200.170.08
P/B————————————6.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+20.0%
5 years+29.0%
3 years+27.0%
TTM+36.0%
Compounded profit growth
10 years+20.0%
5 years+29.0%
3 years+33.0%
TTM+98.0%
Stock price CAGR
10 years+36.0%
5 years+12.0%
3 years+22.0%
Last year+8.0%
Return on equity
10 years21.0%
5 years22.0%
3 years20.0%
Last year21.0%

Shareholding pattern

As of 31 Mar 2026
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters30.72%30.67%30.51%70.10%63.99%40.09%30.16%0.00%0.00%0.00%0.00%
FIIs28.91%40.72%40.61%14.49%14.62%22.40%25.40%35.00%40.21%30.66%24.31%
DIIs23.44%15.18%16.05%6.80%11.85%25.68%32.20%54.29%49.93%56.18%42.62%
Government0.00%0.13%0.15%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public16.93%13.31%12.69%8.61%9.54%11.83%12.23%10.69%9.86%13.16%33.07%
No. of shareholders43,27334,92637,74738,11051,9061,42,0491,46,6851,26,7391,44,1752,93,5103,40,980
Change since Sep 2023 (pp)
Promoters −30.72FIIs −4.60DIIs +19.18Public +16.14

Documents

As of 11 Oct 2026
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026PPTSep 2026RecordingJul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptJan 2026TranscriptJan 2026PPTJan 2026Recording

Corporate actions

As of 3 Aug 2026
3 Aug 2026DIVIDENDInterim Dividend - Rs 4 Per Share—
30 Jan 2026DIVIDENDInterim Dividend - Rs 4 Per Share—
31 Oct 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
31 Jul 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
4 Jun 2025SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
9 May 2025DIVIDENDInterim Dividend - Rs 19 Per Share—
30 Jan 2025DIVIDENDInterim Dividend - Rs 19 Per Share—
11 Oct 2024DIVIDENDInterim Dividend - Rs 19 Per Share—
2 Aug 2024DIVIDENDInterim Dividend - Rs 19 Per Share—
15 May 2024DIVIDENDInterim Dividend - Rs 19 Per Share—
5 Feb 2024DIVIDENDInterim Dividend - Rs 19 Per Share—
2 Nov 2023DIVIDENDInterim Dividend - Rs 19 Per Share—
3 Aug 2023DIVIDENDInterim Dividend - Rs 19 Per Share—
10 May 2023DIVIDENDInterim Dividend - Rs 19 Per Share—
3 Feb 2023DIVIDENDInterim Dividend - Rs 19 Per Sh—
3 Nov 2022DIVIDENDInterim Dividend - Rs 13 Per Share—
3 Aug 2022DIVIDENDInterim Dividend - Rs 13 Per Share—
23 May 2022DIVIDENDInterim Dividend - Rs 13 Per Share—
7 Feb 2022DIVIDENDInterim Dividend - Rs 13 Per Share—
3 Nov 2021DIVIDEND Interim Dividend - Rs 13 Per Share—
9 Aug 2021DIVIDEND Interim Dividend - Rs 13 Per Share—
18 May 2021DIVIDEND Interim Dividend - Rs 13 Per Share—
14 May 2020DIVIDEND Interim Dividend - Rs 11 Per Share—
7 Feb 2020DIVIDEND Interim Dividend - Rs 10 Per Share—
4 Nov 2019DIVIDEND Interim Dividend - Rs 10 Per Sh—
12 Sep 2018DIVIDEND Dividend Rs 15 Per Share—
14 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 12.50 Per Share—
22 Jul 2016DIVIDEND Annual General Meeting/ Dividend -Rs 10/- Per Share—
23 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 9.50/- Per Share—
26 Jun 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 9/- Per Share—
20 Jun 2013DIVIDENDAnnual General Meeting And Dividend Rs.8.50 Per Share—
20 Jun 2012DIVIDENDAnnual General Meeting/Dividend Rs 8 Per Share—
22 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.7.50 Per Share—
29 Jun 2010DIVIDENDDividend-Rs.7/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman