Coforge Limited

Coforge Limited (COFORGE) is a mid-cap Information Technology company valued at ₹86,393 crore operating in Computers - Software & Consulting on the NSE and BSE.

Recent price move

Coforge Limited last traded at ₹1,951.9, modestly up 0.91% on the day.

Recent developments

On 2026-09-28, Coforge appointed Akhil Gupta as Chairperson for a five-year term. On 2026-09-15, shares fell over 3% following the resignation of independent director and NRC chairperson DK Singh, days after chairman OP Bhatt stepped down. On 2026-09-11, Coforge clarified that OP Bhatt did not share complete findings of the Board evaluation report, complicating matters between the outgoing chairman and the company. On 2026-09-10, the company highlighted its strong deal wins, sustained execution and improving cash conversion, with the stock fetching 11% returns in 2026.

Financial performance

The company's business is improving, with annual revenue rising 36.1% and annual net profit jumping 86.4%. The latest quarter saw revenue and net profit both surge 49.2% and 49.4% respectively compared to the same quarter a year earlier. Net profit margin widened to 10.6% from 7.8%.

Valuation multiples

The stock trades at 42.0 times earnings, a premium to the Information Technology median of 20.7, 3.10 times book value. It yields 0.2%.

Things to watch

Foreign institutional holding fell 6.34 percentage points in the quarter. Domestic institutional holding dropped 13.57 percentage points. The stock is 3.4% below its 52-week high. The company has faced governance issues with the resignation of key directors and clarification on incomplete findings of a Board evaluation report.

Where it stands

The company's latest quarter revenue and net profit both rose 49.2% and 49.4% compared to the same quarter a year earlier. The stock is 3.4% below its 52-week high. Foreign institutional holding fell 6.34 percentage points in the quarter.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.