COFORGE

Coforge Share PriceCoforge

₹5,694.75
128.45 (2.31%)
  • Advice
  • Hold
As on 29 November, 2023 | 20:17 BSE: 532541 NSE: COFORGEISIN: INE591G01017

Coforge Performance

Day Range

  • Low 5,576.75
  • High 5,714.85
₹ 5,694.75

52 Week Range

  • Low 3,564.75
  • High 5,846.25
₹ 5,694.75
  • Open Price5,576.75
  • Previous Close5,566.30
  • Volume552016

Start SIP in Coforge

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Coforge Share Price

  • Over 1 Month 13.69%
  • Over 3 Month 8.98%
  • Over 6 Month 28.84%
  • Over 1 Year 43.17%

Coforge Key Statistics

P/E Ratio 50.4
PEG Ratio -8.1
Market Cap Cr 35,085
Price to Book Ratio 11.1
EPS 126.6
Dividend 1.3
Relative Strength Index 70.13
Money Flow Index 69.66
MACD Signal 116.5
Average True Range 134.04

Coforge Investment Rating

  • Master Rating:
  • Coforge has an operating revenue of Rs. 8,723.00 Cr. on a trailing 12-month basis. An annual revenue growth of 25% is outstanding, Pre-tax margin of 12% is healthy, ROE of 22% is exceptional. The company has a reasonable debt to equity of 11%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 19% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around -3% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 72 which is a FAIR score but needs to improve its earnings, a RS Rating of 55 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 143 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Coforge Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,2191,1401,1271,0881,044972884
Operating Expenses Qtr Cr 1,1091,0721,033934932878766
Operating Profit Qtr Cr 110689415411294119
Depreciation Qtr Cr 31303024272821
Interest Qtr Cr 18141316161415
Tax Qtr Cr 2110183422161
Net Profit Qtr Cr 77211241240117135180
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 4,8183,714
Operating Expenses Annual Cr 3,7762,887
Operating Profit Annual in Cr 454427
Depreciation Cr 10984
Interest Annual Cr 5952
Tax Annual Cr 9047
Net Profit Annual Cr 733645
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 76389
Cash from Investing Activity Annual Cr 414-731
Cash from Financing Annual Activity Cr -4132
Net Cash Flow Annual Cr 77-340
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 2,6152,206
Fixed Assets Annual Cr 438403
Total Non Current Assets Annual Cr 2,7422,607
Total Current Assets Annual Cr 1,036634
Total Assets Annual Cr 3,7783,241
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 428362
ROE Annual % 2829
ROCE Annual % 3028
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2525
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 2,2762,2212,1702,0561,9591,8291,743
Operating Expenses Qtr Cr 1,9351,9151,8751,6961,6221,5411,430
Operating Profit Qtr Cr 341306296360337289313
Depreciation Qtr Cr 77767262616358
Interest Qtr Cr 32222022211818
Tax Qtr Cr 53493872474934
Net Profit Qtr Cr 188165115228201150208
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 8,0776,484
Operating Expenses Annual Cr 6,7345,330
Operating Profit Annual in Cr 1,2811,102
Depreciation Cr 259227
Interest Annual Cr 8165
Tax Annual Cr 206147
Net Profit Annual Cr 694662
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 951766
Cash from Investing Activity Annual Cr -272-956
Cash from Financing Annual Activity Cr -558-156
Net Cash Flow Annual Cr 121-347
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 3,0832,733
Fixed Assets Annual Cr 1,1501,013
Total Non Current Assets Annual Cr 3,0772,734
Total Current Assets Annual Cr 2,6062,221
Total Assets Annual Cr 5,6834,954
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 519465
ROE Annual % 2324
ROCE Annual % 2725
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1718

Coforge Technicals

EMA & SMA

Current Price
₹5,694.75
128.45 (2.31%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹5,427.70
  • 50 Day
  • ₹5,271.11
  • 100 Day
  • ₹5,095.04
  • 200 Day
  • ₹4,804.68
  • 20 Day
  • ₹5,357.80
  • 50 Day
  • ₹5,230.20
  • 100 Day
  • ₹5,138.73
  • 200 Day
  • ₹4,678.27

Coforge Resistance and Support

PIVOT
₹5,662.12
Resistance
First Resistance 5,747.48
Second Resistance 5,800.22
Third Resistance 5,885.58
RSI 70.13
MFI 69.66
MACD Single Line 116.50
MACD 148.49
Support
First Resistance 5,609.38
Second Resistance 5,524.02
Third Resistance 5,471.28

Coforge Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 556,105 22,789,183 40.98
Week 283,970 11,955,126 42.1
1 Month 289,135 10,053,216 34.77
6 Month 561,854 29,222,045 52.01

Coforge Result Highlights

Coforge Synopsis

NSE-Computer-Tech Services

Coforge is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. Company’s Total Operating Revenue is Rs. 4230.50 Cr. and Equity Capital is Rs. 61.10 Cr. for the Year ended 31/03/2023. Coforge Ltd. is a Public Limited Listed company incorporated on 13/05/1992 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L72100DL1992PLC048753 and registration number is 048753.
Market Cap 35,111
Sales 4,574
Shares in Float 6.16
No of funds 437
Yield 1.37
Book Value 13
U/D Vol ratio 0.9
LTDebt / Equity 13
Alpha 0.09
Beta 1.07

Coforge

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 26.63%30.16%39.99%
Mutual Funds 42.29%27.73%23.44%19.9%
Insurance Companies 10.88%8.9%8.26%6.5%
Foreign Portfolio Investors 34.37%24.78%25.4%21.3%
Financial Institutions/ Banks 0.12%0.09%0.01%
Individual Investors 7.4%8.05%8.72%8.69%
Others 4.94%3.82%4.01%3.62%

Coforge Management

Name Designation
Mr. Basab Pradhan Chairman & Ind.Dire (Non-Exe)
Mr. Sudhir Singh Executive Director & CEO
Mr. Hari Gopalakrishnan Non Executive Director
Mr. Patrick John Cordes Non Executive Director
Mr. Kenneth Tuck Kuen Cheong Non Executive Director
Mr. Kirti Ram Hariharan Non Executive Director
Mr. Ashwani Puri Ind. Non-Executive Director
Ms. Mary Beth Boucher Ind. Non-Executive Director

Coforge Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Coforge Corporate Action

Date Purpose Remarks
2023-10-19 Quarterly Results & Interim Dividend
2023-07-20 Quarterly Results & Interim Dividend
2023-04-27 Audited Results & 4th Interim Dividend
2023-01-20 Quarterly Results & Interim Dividend
2022-10-20 Quarterly Results & Interim Dividend
Date Purpose Remarks
2023-11-02 INTERIM Rs.19.00 per share(190%)Second Interim Dividend
2023-08-03 INTERIM Rs.19.00 per share(190%)Interim Dividend
2023-05-10 INTERIM Rs.19.00 per share(190%)Interim Dividend (RD revised)
2023-02-03 INTERIM Rs.19.00 per share (190%) Third Interim Dividend
2022-11-04 INTERIM Rs.13.00 per share (130%) Second Interim Dividend

Coforge MF Shareholding

Name Amount(cr)
HDFC Mid-Cap Opportunities Fund Growth 47,846
HDFC Flexi Cap Fund Growth 39,396
Kotak Emerging Equity Scheme Growth 33,700
Axis Long Term Equity Fund Growth 31,136
Kotak Equity Arbitrage Fund Growth 28,958

Coforge FAQs

What is Share Price of Coforge ?

Coforge share price is ₹5,694 As on 29 November, 2023 | 20:03

What is the Market Cap of Coforge ?

The Market Cap of Coforge is ₹35084.9 Cr As on 29 November, 2023 | 20:03

What is the P/E ratio of Coforge ?

The P/E ratio of Coforge is 50.4 As on 29 November, 2023 | 20:03

What is the PB ratio of Coforge ?

The PB ratio of Coforge is 11.1 As on 29 November, 2023 | 20:03

Q2FY23