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Coforge is an IT services company providing end-to-end software solutions and services. .It is among the top-20 Indian software exporters. Prominent global customers include British Airways, the ING group, SEI Investments, Sabre, and SITA. Over the years, Coforge has set up subsidiaries in the US, Singapore, Australia, UK, Germany and Thailand, mainly to market and mobilise projects for the software division. The company has business partnerships with large IT companies across the world.
Acquisition of NIIT TechNIIT Technologies Ltd., now known as Coforge, was founded in April 2003. In 2019, NIIT and its founder's family sold their 30.2% stake to Hulst B.V., which subsequently acquired an additional ~40% through an open offer, reaching a 70% stake. Hulst sold off its entire stake by September 30, 2023.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | TCS | 3229.20 | 23.23 | 1168371.19 | 1.86 | 12131.00 | 8.54 | 65799.00 | 2.40 | 64.63 | 257688.00 | 26.72 | 50289.69 | 12925.69 | 10.98 | 32.07 | 0.10 |
| 2. | Infosys | 1597.60 | 23.61 | 663911.02 | 2.69 | 7375.00 | 13.19 | 44490.00 | 8.55 | 37.50 | 169458.00 | 23.88 | 28124.00 | 7364.00 | 6.42 | 18.62 | 0.08 |
| 3. | HCL Technologies | 1654.60 | 26.46 | 449249.49 | 3.26 | 4236.00 | 0.00 | 31942.00 | 10.67 | 31.61 | 122427.00 | 21.17 | 16976.00 | 4235.00 | 6.30 | 16.95 | 0.10 |
| 4. | Wipro | 256.93 | 19.96 | 269505.74 | 2.34 | 3262.40 | 1.17 | 22697.30 | 1.77 | 19.51 | 89654.90 | 19.82 | 13500.00 | 3246.20 | 3.15 | 10.82 | 0.19 |
| 5. | LTIMindtree | 6266.00 | 38.16 | 185813.34 | 1.04 | 1381.20 | 12.00 | 10394.30 | 10.19 | 27.63 | 39667.50 | 17.06 | 4869.10 | 1401.10 | 7.94 | 15.83 | 0.10 |
| 6. | Tech Mahindra | 1562.30 | 34.12 | 153042.45 | 2.88 | 1201.70 | -4.45 | 13994.90 | 5.12 | 18.56 | 54015.70 | 14.34 | 4485.00 | 1194.50 | 5.56 | 9.04 | 0.07 |
| 7. | Persistent Systems | 6452.00 | 61.13 | 101786.74 | 0.54 | 471.47 | 45.07 | 3580.72 | 23.59 | 30.44 | 13218.70 | 18.28 | 1665.16 | 471.47 | 14.12 | 16.84 | 0.06 |
| 8. | Coforge | 1966.20 | 94.10 | 65849.10 | 0.77 | 332.30 | 44.79 | 1981.00 | 49.42 | 13.86 | 6774.80 | 7.10 | 699.80 | 332.30 | 10.95 | 8.65 | 0.08 |
| – | Median: 69 Co. | 315.95 | 26.32 | 749.86 | 0.36 | 12.02 | 15.34 | 74.51 | 13.09 | 19.51 | 211.79 | 19.82 | 30.36 | 11.53 | 3.88 | 11.97 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,088 | 1,265 | 1,433 | 1,140 | 1,210 | 1,772 | 1,127 | 1,225 | 1,589 | 1,044 | 1,219 | 1,326 | 1,981 |
Expenses | 934 | 1,092 | 1,346 | 1,072 | 1,136 | 1,674 | 1,032 | 1,066 | 1,476 | 932 | 1,109 | 1,218 | 1,797 |
Operating Profit | 154 | 173 | 87 | 68 | 74 | 98 | 94 | 159 | 113 | 112 | 110 | 108 | 184 |
Other Income | 159 | 308 | 109 | 197 | 90 | 148 | 208 | 218 | 88 | 70 | 36 | 199 | 266 |
Profit before tax | 274 | 429 | 143 | 221 | 115 | 182 | 259 | 321 | 141 | 139 | 97 | 263 | 386 |
Tax % | 12% | 4% | 26% | 5% | 29% | 17% | 7% | 8% | 22% | 16% | 21% | 13% | 14% |
Net Profit | 240 | 410 | 106 | 211 | 81 | 151 | 241 | 294 | 111 | 117 | 77 | 230 | 332 |
EPS in Rs | 7.85 | 13.28 | 3.17 | 6.91 | 2.43 | 4.51 | 7.90 | 9.51 | 3.32 | 3.84 | 2.49 | 6.88 | 9.93 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,308 | 1,346 | 1,484 | 1,595 | 1,646 | 1,999 | 2,231 | 2,412 | 3,313 | 4,230 | 4,849 | 5,557 | 6,775 |
Expenses | 1,067 | 1,115 | 1,220 | 1,315 | 1,396 | 1,698 | 1,929 | 2,131 | 2,887 | 3,775 | 4,339 | 5,175 | 6,294 |
Operating Profit | 241 | 231 | 265 | 280 | 250 | 301 | 302 | 281 | 427 | 456 | 510 | 382 | 481 |
Other Income | 74 | 8 | 45 | 11 | 115 | 153 | 284 | 104 | 400 | 534 | 760 | 484 | 611 |
Interest | 3 | 5 | 7 | 4 | 7 | 5 | 8 | 6 | 52 | 59 | 72 | 54 | 62 |
Depreciation | 42 | 67 | 82 | 91 | 82 | 78 | 90 | 96 | 84 | 109 | 128 | 151 | 178 |
Profit before tax | 271 | 168 | 221 | 197 | 276 | 370 | 487 | 283 | 692 | 822 | 1,069 | 662 | 853 |
Net Profit | 208 | 148 | 192 | 165 | 226 | 299 | 422 | 240 | 644 | 732 | 992 | 528 | 700 |
EPS in Rs | 6.87 | 4.84 | 6.27 | 5.37 | 7.36 | 9.68 | 13.52 | 7.92 | 21.17 | 23.98 | 32.09 | 15.77 | 20.93 |
Dividend Payout % | 26% | 39% | 32% | 47% | 41% | 0% | 46% | 33% | 49% | 53% | 47% | 24% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 61 | 61 | 61 | 61 | 62 | 62 | 62 | 61 | 61 | 61 | 62 | 67 | 67 |
Reserves | 868 | 959 | 1,162 | 1,278 | 1,412 | 1,642 | 1,913 | 1,744 | 2,145 | 2,554 | 3,250 | 5,668 | 5,942 |
Borrowings | 26 | 28 | 13 | 28 | 22 | 13 | 6 | 16 | 353 | 395 | 415 | 574 | 507 |
Other Liabilities | 267 | 407 | 301 | 246 | 289 | 269 | 365 | 428 | 682 | 768 | 758 | 1,068 | 1,331 |
Total Liabilities | 1,221 | 1,455 | 1,537 | 1,614 | 1,785 | 1,986 | 2,346 | 2,250 | 3,241 | 3,778 | 4,485 | 7,376 | 7,847 |
Fixed Assets | 271 | 376 | 524 | 494 | 464 | 426 | 412 | 383 | 394 | 436 | 448 | 532 | 545 |
Gross Block | 432 | 598 | 605 | 664 | 715 | 744 | 811 | 756 | 755 | 741 | 848 | 1,027 | – |
Accumulated Depreciation | 161 | 222 | 81 | 170 | 251 | 318 | 399 | 373 | 361 | 305 | 400 | 494 | – |
CWIP | 116 | 116 | 1 | 0 | 1 | 1 | 0 | 0 | 9 | 2 | 20 | 2 | 8 |
Investments | 163 | 234 | 409 | 584 | 744 | 866 | 837 | 855 | 1,834 | 1,834 | 2,168 | 4,264 | 4,264 |
Other Assets | 671 | 729 | 603 | 535 | 576 | 693 | 1,097 | 1,012 | 1,005 | 1,507 | 1,848 | 2,577 | 3,029 |
Total Assets | 1,221 | 1,455 | 1,537 | 1,614 | 1,785 | 1,986 | 2,346 | 2,250 | 3,241 | 3,778 | 4,485 | 7,376 | 7,847 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 55 | 242 | 404 | 240 | 202 | 196 | 228 | 485 | 389 | 76 | 295 | 384 |
Cash from Investing Activity | -34 | -187 | -263 | -222 | -119 | -46 | 206 | -4 | -731 | 414 | 490 | -1,998 |
Cash from Financing Activity | -26 | -61 | -81 | -65 | -75 | -103 | -133 | -494 | 2 | -413 | -879 | 1,707 |
Net Cash Flow | -5 | -6 | 61 | -47 | 9 | 46 | 301 | -13 | -340 | 77 | -94 | 92 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 120 | 120 | 62 | 48 | 56 | 58 | 66 | 49 | 47 | 68 | 73 | 75 |
Inventory Days | 11 | 35 | – | – | – | – | – | – | – | – | – | – |
Days Payable | 187 | 556 | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | -55 | -401 | 62 | 48 | 56 | 58 | 66 | 49 | 47 | 68 | 73 | 75 |
Working Capital Days | 85 | 50 | 46 | 43 | 36 | 40 | 35 | 6 | -4 | 20 | 35 | 19 |
ROCE % | 31% | 18% | 20% | 17% | 20% | 23% | 22% | 15% | 34% | 34% | 34% | 14% |
Direct from BSE filings, auto-summarised
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